AFIX

Broad Market Core Bond ETF

$24.22
NAV

+$0.02 / +0.07%
1-day change
$126.0M
Fund assets
4.54%
30-day SEC yield*
-1.18%
Year-to-date NAV return
Data as of 1/14/2025
*As of 1/13/2025
Broad Market Core Bond ETF
Fund overview
High-quality, diverse sources of yield
The Allspring Broad Market Core Bond ETF employs an emphasis on high-quality securities, broad diversification, and adequate liquidity, while controlling for interest rate risk.

Fundamental research and relative value analysis are the cornerstones of our investment decision making. The disciplined risk management and investment processes are designed to identify the best fundamental values across eligible fixed income sectors.

Key differentiators

  • Time tested – Galliard Capital Management has managed fixed income portfolios for institutional investors for more than 29 years
  • Team based – all portfolios managed by the firm’s full portfolio team allows for best thinking to be implemented across the firm’s portfolios
  • Diverse sources of yield – using of a wide variety of securities across the fixed income sectors (such as corporate bonds, taxable municipals, mortgage and other asset backed securities, and other security types backed by the U.S. government) helps to add incremental yield to the portfolio.

General facts

CUSIP

01989A308

Expense ratio

0.19%

(as of 12/2/2024)

Dividend frequency

Monthly

Inception date

12/4/2024

Exchange

NYSE Arca

Shares outstanding

5,200,000

Quick resources

Daily Holdings

Brandon Kanz shares his thoughts on what makes this ETF stand out

Transcript

Brandon Kanz: I'm excited to share that we recently launched one of Galliard's flagship strategies as an ETF: the Allspring Broad Market Core Bond ETF. We understand that investors want choice and we're happy to bring Galliard's rich history of active fixed income investing to market in a new way. Galliard is a subsidiary of Allspring with more than $80 billion in assets under management. For 29 years, we have focused exclusively on institutional fixed income investing. In our view, there are three main attributes of the firm that have helped drive our success. First is our firm's experience and expertise. We bring the lessons learned from almost three decades of managing fixed income portfolios for large institutions across numerous market cycles. Second is our foundation of a consistent investment approach. We've utilized this time-tested investment philosophy throughout our history. Third is our focus on building broadly diversified portfolios that deliver solid, risk-adjusted returns for our clients. A hallmark of our style is to think like a lender and invest in a diverse mix of high-quality securities, focusing on both income and downside protection. Simply put, AFIX combines all that Galliard has to offer: our resources, our research, our investment philosophy, and our management team with the cost and tax efficiencies, daily transparency, and intraday liquidity of an ETF. There are three combinations of the strategy that we believe make AFIX stand out. First, we use fundamental research and relative value analysis as cornerstones of our investment decision making. We emphasize high-quality securities across various fixed income sectors, including corporates, mortgage-backed securities, and asset-backed securities. And finally, we utilize a disciplined value investing process with broad diversification and an emphasis on risk control. So, if you are seeking institutional-quality core bond exposure in an ETF, then the Allspring Broad Market Core Bond ETF may be right for you.

Performance

Average annual returns

Average annual returns

Data is unavailable at this time, please check back later.
Calendar year

Calendar year

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Growth of $10,000

Growth of a $10,000 investment

(as of 12/31/2024)

This chart shows the value of a hypothetical $10,000 investment in the fund over the specified time period up to 10 years or since its inception (for funds lacking 10-year records). The result is compared with benchmarks, which may include a broad-based market index and a peer group average or index. Market indexes do not include expenses, which are deducted from fund returns as well as mutual fund averages and indexes.

Does not include sales charges and assumes reinvestment of dividends and capital gains. If sales charges were included, returns would be lower.

Performance and volatility metrics

Performance and volatility metrics

Data is unavailable at this time, please check back later.
Morningstar ratings and rankings

Morningstar ratings and rankings

Data is unavailable at this time, please check back later.

Prices, yields and distributions

Prices and trading

Closing price $24.23 1/14/2025
Day high $24.23 1/14/2025
Day low - 1/14/2025
Daily volume (Shares) 200,000 1/14/2025
Premium/Discount 0.03% 1/14/2025
30-Day median bid/ask spread 0.12% 1/14/2025

Premium/Discount

Number of Days Traded At: 2024 Q1
2025 		Q2
2025 		Q3
2025 		Q4
2025
Premium 17 9 - - -
NAV 0 0 - - -
Discount 1 0 - - -

Distribution summary
Dividends Monthly
Capital gains Annually

Yields

Yield Statistic Date
Distribution yield 4.52% 1/14/2025
30-day SEC yield 4.54% 1/13/2025
30-day unsubsidized SEC yield 4.54% 1/13/2025
Yield to maturity - -
Yield to worst - -

Distribution history

Distribution history Type Per share amount Reinvestment price
2024-12-27 Dividend $0.09292 $-
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Composition

Portfolio statistics

Portfolio statistics

Data is unavailable at this time, please check back later.
Credit quality

Credit quality

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Maturity

Maturity

Data is unavailable at this time, please check back later.
Holdings

Top 10 holdings

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View All Holdings
Portfolio composition

Portfolio composition

Data is unavailable at this time, please check back later.
About Galliard
Get to Know Galliard

At Galliard, we believe fixed income active management can be successfully implemented to provide consistent outperformance, income generation, and safety of principal. With more than 29 years of experience and over $82 billion in AUM, we at Galliard remain committed to the investment excellence that our clients have come to know and expect.

View Team
Brandon

Brandon Kanz

Portfolio Manager, Head of Credit
Ajay

Ajay Mirza

Senior Managing Principal, Head of Investments
Matt

Matt Robertson

Portfolio Manager

Key risks

It is possible that an active trading market for ETF shares will not develop, which may hurt your ability to buy or sell shares, particularly in times of market stress. Shares may trade at a premium or discount to their net asset value in the secondary market. These variations may be greater when markets are volatile or subject to unusual conditions. There can be no assurance that active trading markets for the shares will develop or be maintained by market makers or authorized participants. Shares of the ETFs are not redeemable with the ETF other than in creation unit aggregations. Instead, investors must buy or sell the ETF shares in the secondary market at market price (not net asset value) through a broker-dealer. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and may receive less than net asset value when selling. Investing involves risk, including the possible loss of principal. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. Changes in market conditions and government policies may lead to periods of heightened volatility in the bond market and reduced liquidity for certain bonds held by the fund. In general, when interest rates rise, bond values fall and investors may lose principal value. Interest rate changes and their impact on the fund and its share price can be sudden and unpredictable. Mortgage- and asset-backed securities may decline in value and become less liquid when defaults on the underlying mortgages or asset occur and may become volatile in periods of rising interest rates. Foreign investments are especially volatile and can rise or fall dramatically due to differences in the political and economic conditions of the host country. Consult the fund’s prospectus for additional information on these and other risks.

Contact Us

We look forward to helping you with your investment needs

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