Allspring Diversified Income Builder Fund (EKSAX)

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Allspring Diversified Income Builder Fund (EKSAX) is up 6.2% since the beginning of the year. EKSAX is currently trading at $7 per share. Investors who bought $1,000 worth of EKSAX shares 5 years ago would now be looking at an investment worth $1,342.

Allspring Diversified Income Builder Fund (EKSAX) has returned 6.15% so far this year and 16.41% over the past 12 months. Over the last ten years, EKSAX has returned 6.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Apr 14, 1987, EKSAX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.

Historically, 65% of months were positive and 35% were negative. The best month was Feb 1991 with a return of +8.1%, while the worst month was Oct 2008 at -17.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, EKSAX closed higher 43% of trading days. The best single day was Mar 25, 2020 with a return of +4.2%, while the worst single day was Mar 16, 2020 at -5.6%.

Allspring Diversified Income Builder Fund has an annualized alpha of 3.70%, beta of 0.19, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since April 14, 1987.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (36.52%) than losses (33.89%) - typical of diversified or defensive assets.
• Beta of 0.19 may look defensive, but with R2 of 0.32 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.32 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

EKSAX has an expense ratio of 0.85%, placing it in the medium range.

EKSAX ranks 76 for risk / return — better than 76% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Allspring Diversified Income Builder Fund provided a 4.41% dividend yield over the last twelve months, with an annual payout of $0.30 per share.

The table displays the monthly dividend distributions for Allspring Diversified Income Builder Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Allspring Diversified Income Builder Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Allspring Diversified Income Builder Fund was 40.54%, occurring on Jan 16, 1991. Recovery took 370 trading sessions.

The current Allspring Diversified Income Builder Fund drawdown is 0.58%.

The chart below shows the rolling one-month volatility.