AINP

Income Plus ETF

$24.73
NAV

+$0.04 / +0.16%
1-day change
$44.5M
Fund assets
Not available
30-day SEC yield*
Not available
Year-to-date NAV return
Data as of 12/20/2024
*As of
Fund overview
Flexible, opportunistic fixed income portfolio sourcing income from our best global ideas
The Allspring Income Plus ETF seeks total return consisting of a high level of current income and capital appreciation.

The team targets attractive income and risk-adjusted returns by dynamically allocating capital throughout the global fixed income universe while implementing the best ideas generated across the Allspring Global Investments Fixed Income Platform.

Key differentiators

  • Uses a six-month investment horizon to anticipate market inflection points
  • Allocates broadly across sectors and with a flexible target duration between zero and six years
  • Seeks diversified and unbiased sources of alpha in an effort to generate compelling returns over a market cycle

General facts

CUSIP

01989A100

Expense ratio

0.35%

(as of 12/2/2024)

Dividend frequency

Monthly

Inception date

12/4/2024

Shares outstanding

1,800,000

Quick resources

Noah Wise shares his thoughts on what makes this ETF stand out

Transcript

Noah Wise: At Allspring, we continually look for ways to provide our clients with greater choice. The offering of three long standing and successful active bond strategies, now available as ETFs, is a great example of this effort. In essence, the Allspring Income Plus ETF uses the same resources and the same research from the same seasoned Plus Fixed Income management team that exists in our mutual fund, which has been around for more than a decade. AINP is a new offering for investors to access our Income Plus strategy but delivering it in a vehicle known for its unique combination of benefits including cost and tax efficiencies, daily transparency, and intraday liquidity. So, what makes AINP stand out? First of all, the strategy targets attractive income and risk-adjusted returns by being truly global and diversified, dynamically allocating capital throughout the global fixed income universe. The fund is managed by our Plus Fixed Income team of 19 investment professionals with 25 years of average industry experience to effectively manage active multi-sector fixed income strategies. Beyond that, there are three key differentiators of AINP to consider. The first is a six-month outlook. We do this because we think it's better to identify turning points in the market by looking ahead a couple of quarters, rather than 3 to 5 years. We can invest with more conviction when we look around the corner and stay nimble, rather than trying to predict a whole market cycle. The second key differentiator is our use of multiple levers to drive portfolio returns. AINP uses tactical positioning along the curve with a flexible target duration between 0 and 6 years. It has broad flexibility to invest across global markets without required sector minimums. Our focus on using multiple levers means we don't need to overly emphasize any single lever or keep any static exposures. Our last differentiator is the use of an unbiased approach. We don't want to be anchored or have biases built in the portfolio. Rather, we want to move to where we see value in the market and not get stuck in one particular position. If you're seeking a globally diversified bond strategy with enhanced income potential, AINP 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

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

Growth of $10,000

Growth of a $10,000 investment

Data is unavailable at this time, please check back later.
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 $24.79 12/20/2024
Day high $24.79 12/20/2024
Day low $24.79 12/20/2024
Daily volume (Shares) - 12/20/2024
Premium/Discount 0.23% 12/20/2024
30-Day median bid/ask spread 0.12% 12/20/2024

Premium/Discount

Number of Days Traded At: 2023 Q1
2024
Q2
2024
Q3
2024
Q4
2024
Premium - - - - 12
NAV - - - - 0
Discount - - - - 0

Distribution summary

Dividends Monthly
Capital gains Annually

Yields

Yield Statistic Date
Distribution yield - -
30-day SEC yield - -
30-day unsubsidized SEC yield - -
Yield to maturity - -
Yield to worst - -

Composition

Portfolio statistics

Portfolio statistics

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

Credit quality

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

Maturity

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

Top 10 holdings

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

Portfolio composition

Data is unavailable at this time, please check back later.
Our team
Meet the investment team

The team employs a sector specialist model whereby tenured investment professionals are supported by rigorous credit research to source opportunities across global fixed income markets.

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. All 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. High yield securities and junk bonds have a greater risk of default and tend to be more volatile than higher-rated securities with similar maturities. Foreign investments are especially volatile and can rise or fall dramatically due to differences in the political and economic conditions of the host country. These risks are generally intensified in emerging markets. 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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Diversification does not ensure or guarantee better performance and cannot eliminate the risk of investment losses.