Equity

Allspring SMArt International Core SMA

MSCI EAFE Expanded ADR Index (Net)
Benchmark name
4/1/2024
Inception date
Systematic Core Equity Team
Team
$71.4M
Strategy assets
Data as of 12/31/2024
SMArt International Core
SMA overview
Unlocking better outcomes for clients
The SMArt International Core SMA aims to provide a well-diversifed core, international equity exposure by investing in a portfolio of American Depository Receipts (ADRs), while balancing tracking error and tax efficiency and allowing for client customization.

The SMA seeks tax-efficient, customizable core growth equity exposure.

Key differentiators

  • Delivers portfolios in line with clients' customization requirements, with embedded risk management, tax management, and transition analysis capabilities
  • Provides ongoing tax, risk, and cash management
  • Applies rigorous risk management, featuring limits to tracking error, active security weights, and active sector and industry weights

General facts

Weighted average market cap

$98.51B

(as of 12/31/2024)

Dividend yield

2.94%

(as of 12/31/2024)

Quick resources

Fact Sheet

Performance

Average annual returns

Average annual returns

(as of 12/31/2024)
3/31/2024
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
-1.99
-7.82
-
-
-
-
-
-2.19
Composite (Net)
-2.24
-8.52
-
-
-
-
-
-4.40
MSCI EAFE Expanded ADR Index (Net)
-2.69
-8.37
-
-
-
-
-
-2.89

One-month, three-month and year-to-date returns are not annualized.

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.

Calendar year

Calendar year

For regulatory reasons, we are unable to show performance until there is a 12 month performance record.

Performance and volatility metrics

Performance and volatility metrics

Products must have at least a 36 month performance record before we show these metrics.

Composition

Portfolio statistics

Portfolio statistics

(as of 12/31/2024)
SMA Benchmark
Number of holdings 251 -
Top 10 holdings

Top 10 holdings

(as of 12/31/2024)
Security
SMA
Novo Nordisk A/S Sponsored ADR Class B
2.16%
SAP SE Sponsored ADR
2.00%
ASML Holding NV ADR
1.97%
Nestle S.A. Sponsored ADR
1.66%
AstraZeneca PLC Sponsored ADR
1.54%
Shell Plc Sponsored ADR
1.53%
Roche Holding Ltd Sponsored ADR
1.51%
Novartis AG Sponsored ADR
1.50%
HSBC Holdings PLC Sponsored ADR
1.47%
Unilever PLC Sponsored ADR
1.33%
Top 10 represents 16.67% of total net assets

Largest company weights are based on market value of the representative account and not necessarily held in all client portfolios. The information shown is not intended to be, nor should it be construed to be, a recommendation to buy or sell an individual security. A list of all holdings from the prior one-year period is available upon request.

Sector allocation

Sector allocation

(as of 12/31/2024)
Type
SMA
Benchmark
Cash & equivalents
 1.66% -
Communication services
 4.29% 4.77%
Consumer discretionary
 10.84% 11.68%
Consumer staples
 7.98% 8.82%
Energy
 3.99% 4.12%
Financials
 21.40% 19.71%
Health care
 13.89% 14.02%
Industrials
 17.32% 18.04%
Information technology
 8.73% 8.54%
Materials
 5.81% 6.44%
Real estate
 1.02% 0.81%
Utilities
 3.06% 3.05%

Sector weighting is based on a representative account within the Allspring Global Investments composite and may have changed since the date specified. Percent total may not add to 100% due to rounding.

Documents

Literature Date
Fact Sheet 12/31/2024 Download
Our team
Meet the investment team

The team believes company returns are predictable based on quantitative factors. They seek to systematically harvest these factors to generate alpha for their clients.

View Team
John

John Campbell

Portfolio Manager
Katherine

Katherine Gabriana

Portfolio Manager
Akshay

Akshay Joshi

Portfolio Manager
Contact Us

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Allspring Managed Account Services (the firm) is a unit within Allspring Global Investments and is responsible for the management and administration of the Allspring Funds Management, LLC, retail separately managed account portfolios (wrap portfolios). Allspring Funds Management acts as a discretionary manager for separately managed accounts ("SMA") and as a non-discretionary model provider in a variety of managed account or wrap fee programs (“MA Programs”) sponsored by third party investment advisers, broker-dealers, or other financial services firms (a “Sponsor”). When acting as non-discretionary model provider, Allspring Funds Management responsibility is limited to providing non-discretionary investment recommendations (in the form of model portfolios) to the Sponsor. The Sponsor may use these recommendations in connection with its management of MA Program accounts. In these “model-based” programs, the Sponsor serves as the investment manager and maintains trade implementation responsibility.