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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
CUSIP
01989A100
Expense ratio
0.35%
(as of 12/2/2024)
Dividend frequency
Monthly
Inception date
12/4/2024
Shares outstanding
1,800,000
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.
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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 |
Number of Days Traded At: | 2023 |
Q1
2024 |
Q2
2024 |
Q3
2024 |
Q4
2024 |
---|---|---|---|---|---|
Premium | - | - | - | - | 12 |
NAV | - | - | - | - | 0 |
Discount | - | - | - | - | 0 |
Dividends | Monthly |
Capital gains | Annually |
Yield | Statistic | Date |
---|---|---|
Distribution yield | - | - |
30-day SEC yield | - | - |
30-day unsubsidized SEC yield | - | - |
Yield to maturity | - | - |
Yield to worst | - | - |
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.
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.
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The Morningstar Rating™ for funds, or star rating, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar risk-adjusted return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36–59 months of total returns, 60% 5-year rating/40% 3-year rating for 60–119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.
Alpha measures the excess return of an investment vehicle, such as a mutual fund, relative to the return of its benchmark, given its level of risk.
Diversification does not ensure or guarantee better performance and cannot eliminate the risk of investment losses.