GVIXX

Government Money Market Fund

$1.00
NAV

+$0.00 / +0.00%
1-day change
$125,144.8M
Fund assets
4.44%
7-day current yield
11/16/1987
Fund inception date
Data as of 12/20/2024
Government Money Market Fund
Fund overview
Prioritizing liquidity and capital preservation
The Government Money Market Fund seeks current income while preserving capital and liquidity by investing in high-quality, short-term money market instruments composed of U.S. government obligations and repurchase agreements collateralized by U.S. government obligations.

The long-tenured team of portfolio managers and traders follows a well-defined investment process that has evolved over more than 35 years of money market fund management.

Key differentiators

  • Actively manages funds, prioritizing investors’ need for liquidity and capital preservation, while the pursuit of excess yield is secondary
  • Implements a bottom-up security selection process driven by fundamental research and relative value recommendations
  • Uses proprietary risk models, including both quantitative and qualitative factors, to identify opportunities and manage risks

General facts

Ticker

GVIXX

CUSIP

94975P405

Fund number

1751

Minimum investment

$10,000,000

Weighted average maturity

38 Days

(as of 11/30/2024)

Weighted average life

95 Days

(as of 11/30/2024)

Gross expense ratio

0.21%

(as of 6/1/2024)

Net expense ratio

0.20%

(as of 6/1/2024)

Type of money fund

Government

Standard & Poor's rating

AAAm

(as of 11/30/2024)

Moody's rating

Aaa-mf

(as of 11/30/2024)

Quick resources

Fact sheet Summary Prospectus Full Prospectus Daily holdings: Government Money Market Fund SEC Filings

Performance

Average annual returns

Average annual returns

(as of 11/30/2024)
11/16/1987
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Fund
0.38
1.20
4.75
5.22
3.72
2.31
1.61
2.98
Lipper Instl U.S. Government Money Market Funds
0.36
1.15
4.59
5.04
3.57
2.21
1.48
-
Expenses (as of 6/1/2024)
Gross Expense Ratio
0.21 %
Net Expense Ratio
0.20 %

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

Figures quoted represent past performance, which is no guarantee of future results, and do not reflect taxes that a shareholder may pay on an investment in a fund. Yields will fluctuate. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains.

Net asset value (NAV) is the value of one share of the fund excluding any sales charges.

Money market funds are sold without a front-end sales charge or contingent deferred sales charge. Other fees and expenses apply to an investment in the Fund and are described in the fund's current prospectus.

The manager has contractually committed, through 5/31/2026, to waive fees and/or reimburse expenses to the extent necessary to cap the fund's total annual fund operating expenses after fee waivers at 0.2%. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. The manager may also voluntarily waive or reimburse additional fees and expenses, and such voluntary waivers may be discontinued or modified at any time without notice. Without these reductions, the fund's seven-day current yield would have been 4.43%. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. The expense ratio paid by an investor is the net expense ratio (the total annual fund operating expenses after fee waivers) as stated in the prospectus.

Calendar year

Calendar year

(as of 12/31/2023)
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund
4.98
1.47
0.01
0.34
2.06
1.69
0.73
0.22
0.01
0.01
Benchmark
4.81
1.36
0.02
0.30
1.57
1.46
0.52
0.13
0.03
0.01

Yield summary

Yields

Yield Statistic Date
Daily factor 0.000118065 12/20/2024
1-day yield 4.31% 12/20/2024
7-day current yield 4.44% 12/20/2024
7-day current unsubsidized yield 4.43% 12/20/2024
7-day effective yield 4.53% 12/20/2024
30-day current 4.49% 12/20/2024
30-day effective 4.58% 12/20/2024
Daily weighted average maturity 44 Days 12/20/2024

The 7-day current yield is an annualized net yield that describes the annualized income earned over a 7-day period.

The 7-day effective yield is annualized net yield that describes the amount one is expected to earn over a 1-year period assuming that dividends are reinvested at the average rate of the last 7-days.

Composition

Maturity

Portfolio maturity schedule (%)

(as of 11/30/2024)
Maturity Range
WAL
WAM
1-7 days
 44.00% 61.00%
8-29 days
 8.00% 7.00%
30-89 days
 19.00% 17.00%
90-179 days
 13.00% 11.00%
180-269 days
 3.00% 1.00%
270+ days
 13.00% 3.00%

Maturity distribution is subject to change and may have changed since the date specified. Percent total may not add to 100% due to rounding.

Holdings

Top 10 holdings

(as of 11/30/2024)
Security
Fund
Fixed Income Clearing Corp.
7.55%
Fixed Income Clearing Corp.
2.29%
Nomura Securities International
2.29%
J.P. Morgan Securities LLC
2.29%
Fixed Income Clearing Corp.
2.29%
Fixed Income Clearing Corp.
2.25%
MUFG Securities Americas Inc
1.91%
Wells Fargo Securities, LLC
1.75%
MUFG Securities Canada Ltd
1.60%
Daiwa Capital Markets America
1.52%
View All Holdings
Top 10 represents 25.73% of total net assets

View Daily Holdings

Portfolio composition

Portfolio composition

(as of 11/30/2024)
Credit Assets
Allocation
Government agency debt coupon-paying note
16.00%
Government agency debt no-coupon discount note
3.90%
Government agency repo
16.10%
Treasury debt
36.00%
Treasury repurchase agreement
27.70%
Variable rate demand note
0.30%

Portfolio composition and maturity distribution are subject to change and may have changed since the date specified. Percent total may not add to 100% due to rounding

Documents

Literature Details Frequency
Fact Sheet Institutional Monthly Download
Regulatory Document Details Date
Annual Report Service, Roberts & Ryan, A, Tribal Inclusion, Select, Sweep, Administrator, Institutional 1/31/2024 Download
Full Prospectus Institutional 6/1/2024 Download
Semi-annual Long Form Financial Statements Tribal Inclusion, Roberts & Ryan, Select, Service, Sweep, Institutional, Administrator, A 7/31/2024 Download
Semi-annual Report Institutional 7/31/2024 Download
Statement of Additional Information Service, Roberts & Ryan, A, Tribal Inclusion, Select, Sweep, Administrator, Institutional 6/1/2024 Download
Summary Prospectus Institutional 6/1/2024 Download
Our team
Meet the investment team

The team philosophy adheres to disciplined active management to provide clients with consistent, competitive risk-adjusted returns to meet their liquidity needs.

View Team
Michael

Michael Bird

Portfolio Manager
Vladislav

Vladislav Stavitskiy

Portfolio Manager
Jeffrey

Jeffrey Weaver

Head of Global Liquidity Solutions

Key risks

For government money markets: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

Contact Us

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*Allspring Funds Management intends to make donations in an amount equal to 15% of its management fee revenue, attributable to assets in the Tribal Inclusion Class, to nonprofit organizations that provide financial support for Native American students seeking higher education.


Weighted average maturity (WAM): An average of the effective maturities of all securities held in the portfolio, weighted by each security’s percentage of total investments. The maturity of a portfolio security is the period remaining until the date on which the principal amount is unconditionally required to be paid, or in the case of a security called for redemption, the date on which the redemption payment is unconditionally required to be made. WAM calculations allow for the maturities of certain securities with demand features or periodic interest-rate resets to be shortened. WAM is a way to measure a fund’s sensitivity to potential interest-rate changes. WAM is subject to change and may have changed since the date specified.
 

Weighted average life (WAL): An average of the final maturities of all securities held in the portfolio, weighted by their percentage of total investments. The maturity of a portfolio security is the period remaining until the date on which the principal amount is unconditionally required to be paid, or in the case of a security called for redemption, the date on which the redemption payment is unconditionally required to be made. The calculation of WAL allows for the maturities of certain securities with demand features to be shortened but, unlike the calculation of WAM, does not allow shortening of the maturities of certain securities with periodic interest-rate resets. WAL is a way to measure a fund’s potential sensitivity to credit spread changes. WAL is subject to change and may have changed since the date specified.