Allspring Absolute Return invests directly in GMO Benchmark-Free Allocation GBMIX. There, GMO’s multi-asset team remains staunchly committed to its value-centric approach, but that rigidity has led to missteps in recent years. All of this strategy's share classes retain their Morningstar Analyst Ratings of Neutral.
Allspring Absolute Return A WARAX
NAV / 1-Day Return
9.90
/
0.20
%
Total Assets
1.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.590%
Expense Ratio
1.590%
Fee Level
High
Longest Manager Tenure
10.32
years
Category
Global Allocation
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
—Status
Open
TTM Yield
3.25%
Turnover
5%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will WARAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WARAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the WARAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of WARAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Unwavering commitment to a sensible process.
