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Allspring Core Bond Fund (MNTRX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The investment seeks total return, consisting of income and capital appreciation. The fund normally invests at least 80% of its net assets in bonds; at least 80% of the fund's total assets in investment-grade debt securities; up to 25% of its total assets in asset-backed securities, other than mortgage-backed securities; and up to 20% of the fund's total assets in U.S. dollar-denominated debt securities of foreign issuers. It is a feeder fund that invests substantially all of its assets in the Core Bond Portfolio, a master portfolio with a substantially identical investment objective and substantially similar investment strategies.

Looking to diversify beyond MNTRX? The mutual funds below have historically moved differently from MNTRX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for MNTRX

9 mutual funds have low correlation with MNTRX (below 0.3), 0 of which are negatively correlated. The least correlated is Blackstone Alternative Multi-Strategy Fund (BXMIX) (Multistrategy) with a 1Y correlation of 0.16, roughly unchanged from 0.08 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BXMIX
Blackstone Alternative Multi-Strategy Fund0.160.150.08
99
MultistrategyMNTRX vs BXMIX
EKBAX
Allspring Diversified Capital Builder Fund0.160.130.13
87
Diversified PortfolioMNTRX vs EKBAX
CEMIX
Causeway Emerging Markets Fund0.180.090.07
61
Emerging Markets EquitiesMNTRX vs CEMIX
PDRDX
Principal Diversified Real Asset Fund0.250.350.29
87
Global AllocationMNTRX vs PDRDX
FAGIX
Fidelity Capital & Income Fund0.270.310.31
74
High Yield BondsMNTRX vs FAGIX
See all 27 diversifiers for MNTRX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for MNTRX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of 0.08, roughly unchanged from 0.07 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AMD
Advanced Micro Devices, Inc.0.080.050.07
94
Technology

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