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Morningstar

Allspring Absolute Return A WARAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 10.32  /  0.48 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 1.750%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Global Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 2.35%
  • Turnover 6%

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 1:09 AM GMT+00:00

Morningstar’s Analysis WARAX

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.

Senior Analyst

Summary

| by Bobby Blue

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.

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