Allspring Short Duration Government Bond Fund (MNSGX)
The investment seeks to provide current income consistent with capital preservation. The fund normally invests at least 80% of its net assets in U.S. government obligations and up to 20% of its net assets in non-government mortgage- and asset-backed securities. While it may purchase securities of any maturity or duration, under normal circumstances, the advisor expects the portfolio's overall dollar-weighted average effective duration to be less than that of a 3-year U.S. Treasury note.
Fund Info
| ISIN | US94975J5406 |
|---|---|
| CUSIP | 94975J540 |
| Issuer | Allspring Global Investments |
| Inception Date | Dec 18, 1992 |
| Category | Short-Term Bond |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
MNSGX features an expense ratio of 0.61%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Allspring Short Duration Government Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Allspring Short Duration Government Bond Fund had a return of 3.37% year-to-date (YTD) and 6.83% in the last 12 months. Over the past 10 years, Allspring Short Duration Government Bond Fund had an annualized return of 1.16%, while the S&P 500 had an annualized return of 11.18%, indicating that Allspring Short Duration Government Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.37% | 21.88% |
| 1 month | -1.00% | 0.89% |
| 6 months | 2.96% | 15.85% |
| 1 year | 6.83% | 38.63% |
| 5 years (annualized) | 1.08% | 13.69% |
| 10 years (annualized) | 1.16% | 11.18% |
Monthly Returns
The table below presents the monthly returns of MNSGX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.49% | -0.41% | 0.60% | -0.40% | 0.35% | 0.63% | 1.08% | 0.96% | 1.04% | 3.37% | |||
| 2023 | 1.03% | -0.76% | 1.05% | 0.64% | -0.20% | -0.50% | 0.43% | 0.34% | -0.32% | 0.26% | 1.54% | 1.79% | 5.40% |
| 2022 | -0.74% | -0.63% | -1.58% | -0.72% | 0.48% | -0.81% | 0.47% | -0.57% | -1.79% | -0.70% | 1.02% | 0.24% | -5.23% |
| 2021 | -0.10% | -0.11% | 0.08% | -0.01% | -0.12% | -0.24% | -0.00% | 0.06% | -0.02% | -0.51% | -0.12% | -0.32% | -1.42% |
| 2020 | 0.72% | 0.91% | 0.19% | 0.71% | 0.28% | 0.20% | 0.07% | 0.15% | 0.03% | 0.02% | 0.01% | 0.21% | 3.55% |
| 2019 | 0.34% | 0.02% | 0.66% | 0.22% | 0.75% | 0.42% | 0.00% | 0.74% | -0.01% | 0.21% | -0.01% | 0.12% | 3.51% |
| 2018 | -0.44% | -0.03% | 0.19% | -0.23% | 0.19% | -0.01% | 0.00% | 0.22% | -0.09% | 0.02% | 0.35% | 0.65% | 0.81% |
| 2017 | 0.14% | 0.13% | 0.13% | 0.14% | 0.14% | -0.06% | 0.15% | 0.15% | -0.05% | -0.04% | -0.24% | 0.08% | 0.68% |
| 2016 | 0.64% | 0.13% | 0.13% | 0.04% | -0.06% | 0.65% | -0.05% | -0.14% | 0.26% | -0.05% | -0.45% | -0.06% | 1.05% |
| 2015 | 0.51% | -0.19% | 0.31% | 0.02% | 0.01% | -0.19% | 0.13% | -0.16% | 0.34% | -0.16% | -0.16% | -0.16% | 0.30% |
| 2014 | 0.32% | 0.00% | -0.11% | 0.19% | 0.09% | 0.10% | -0.10% | 0.19% | 0.01% | 0.20% | 0.30% | -0.30% | 0.89% |
| 2013 | 0.00% | 0.10% | -0.02% | 0.09% | -0.19% | -0.40% | 0.07% | -0.34% | 0.34% | 0.04% | 0.23% | -0.07% | -0.17% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MNSGX is 74, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Allspring Short Duration Government Bond Fund (MNSGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Allspring Short Duration Government Bond Fund provided a 4.20% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.41 | $0.23 | $0.11 | $0.19 | $0.25 | $0.24 | $0.18 | $0.17 | $0.15 | $0.12 | $0.20 |
Dividend yield | 4.20% | 4.65% | 2.59% | 1.16% | 1.95% | 2.61% | 2.46% | 1.81% | 1.76% | 1.51% | 1.18% | 2.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring Short Duration Government Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.04 | $0.04 | $0.04 | $0.03 | $0.00 | $0.27 | ||
| 2023 | $0.02 | $0.02 | $0.02 | $0.05 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.41 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.03 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.19 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.17 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.20 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Allspring Short Duration Government Bond 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 Short Duration Government Bond Fund was 8.25%, occurring on Nov 3, 2022. Recovery took 421 trading sessions.
The current Allspring Short Duration Government Bond Fund drawdown is 1.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.25% | Jan 8, 2021 | 465 | Nov 3, 2022 | 421 | Jul 11, 2024 | 886 |
| -2.95% | Nov 8, 2001 | 33 | Dec 26, 2001 | 115 | Jun 12, 2002 | 148 |
| -2.43% | Mar 10, 2020 | 9 | Mar 20, 2020 | 28 | Apr 30, 2020 | 37 |
| -2.26% | Feb 1, 1994 | 70 | May 9, 1994 | 62 | Aug 3, 1994 | 132 |
| -1.76% | Nov 1, 1993 | 16 | Nov 22, 1993 | 6 | Nov 30, 1993 | 22 |
Volatility
Volatility Chart
The current Allspring Short Duration Government Bond Fund volatility is 0.57%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.