Investing in Allspring Special Mid Cap Value R6

Investing in Allspring Special Mid Cap Value R6 can be a solid choice for those looking to diversify their portfolio. This fund is designed to track the performance of the MSCI US Mid Cap Value Index.

The fund has a total expense ratio of 0.26%, which is lower than the average expense ratio for mid-cap value funds.

The Allspring Special Mid Cap Value R6 fund has a few key details worth noting.

The fund's legal name is Allspring Special Mid Cap Value Fund, and it's part of the Allspring Funds family.

It was launched on June 28, 2013, and has a share class of R6.

The fund is domiciled in the US and trades in USD.

The fund's manager is Bryant VanCronkhite, who has been with the fund since 2009.

Here are some key fund details:

The Allspring Special Mid Cap Value R6 fund has an expense ratio of 0.70%, which is 34% lower than its category average, making the fund expense ratio grade an A.

This is a significant advantage for investors, as high annual expense ratios can reduce your rate of return. The fund's expense ratio is above average compared to funds in the Mid-Cap Value category, but it's still a relatively low cost option.

The portfolio turnover rate of 19% is also noteworthy, as it's significantly lower than the average portfolio turnover rate of 45% for the Mid-Cap Value category. This suggests that the fund is holding its assets for a longer period, which can be beneficial for long-term investors.

Here's a breakdown of the fund's performance over the past year:

As you can see, the fund has performed well over the long term, with a 10-year average annual return of 9.3%, earning it an A grade. However, it's worth noting that the fund has had some volatility in the past, with a standard deviation of 17.4% and a total risk index of 1.15, which is above average.

The Allspring Special Mid Cap Value R6 fund has a diverse portfolio with 68 securities, which meets the SEC requirement for a diversified fund. This suggests that the fund's management team is actively selecting a range of investments to spread risk.

The top 10 holdings constitute 29.7% of the fund's assets, indicating that the fund's performance is heavily influenced by these key positions. Here are the top 10 holdings:

The fund has a significant allocation to domestic stocks, with 93.9% of its portfolio invested in U.S. stocks, and 2.7% in foreign stocks.

The Mid Cap Value Grades are a crucial aspect of evaluating the performance of the fund. The fund has consistently returned around 9.3% per year over the past five years, earning it an A grade.

The fund's performance has been strong, especially when compared to its category. In fact, the fund has returned 0.6 percentage points better than the category over the past year, which is a significant advantage.

Here are the fund's grades for the past few years:

The fund's performance has been consistent, but it's worth noting that it has had some ups and downs over the years. For example, the fund lost 4.5% in 2022, but it also gained 28.8% in 2021.

The Allspring Special Mid Cap Value R6 fund has $3 billion in total assets, which is above the $658 million average for the Mid-Cap Value category.

This means the fund has a significant amount of money to invest, which can be beneficial in terms of diversification and risk management. However, having too much money can also make it difficult for the manager to fully employ the desired active strategy.

The fund has a trailing dividend yield of 1.33%, which is above the 1.27% category average. This is a relatively high dividend yield compared to other funds in the same category.

The fund normally distributes its dividend income annually and its capital gains annually, which can be beneficial for investors who rely on dividend income.

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The net income ratio of Allspring Special Mid Cap Value R6 is 0.60%, which is a relatively low ratio compared to its category.

The net income ratio of this fund is significantly lower than the category low of -1.84%.

The net income ratio of Allspring Special Mid Cap Value R6 is lower than the category high of 4.73%.

Here's a summary of the net income ratio of Allspring Special Mid Cap Value R6 compared to its category:

The net income ratio of Allspring Special Mid Cap Value R6 ranks 61.89% compared to its category, indicating it's below average in this regard.

The Allspring Special Mid Cap Value R6 fund has a relatively low expense ratio of 0.70%, which is 34% lower than its category average. This is a significant advantage for investors, as high annual expense ratios can reduce your rate of return.

The fund's expense ratio grade is an A, indicating that it is one of the lowest in its category. This is a good sign for investors who want to minimize their costs and maximize their returns.

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In terms of portfolio turnover, the Allspring Special Mid Cap Value R6 fund has a rate of 19%, which is significantly lower than the average portfolio turnover of 45% for the Mid-Cap Value category. This suggests that the fund holds its assets for a relatively long period of time, which can help reduce expenses and improve returns.

Here's a comparison of the fund's expense ratio and portfolio turnover with its category averages:

The fund's expense ratio and portfolio turnover are both advantages for investors, and they can help contribute to the fund's overall performance.