Allspring Ultra Short-Term Income Fund (SADIX)
The investment seeks current income consistent with capital preservation. The fund invests at least 80% of its net assets in income-producing debt securities. It invests up to 25% of its total assets in U.S. dollar-denominated debt securities of foreign issuers and up to 15% of its total assets in below investment-grade debt securities. The portfolio holdings may include U.S. government obligations, corporate debt securities, bank loans and mortgage- and asset-backed debt securities.
Fund Info
| ISIN | US9499177445 |
|---|---|
| CUSIP | 949917744 |
| Issuer | Allspring Global Investments |
| Inception Date | Aug 31, 1999 |
| Category | Ultrashort Bond |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
SADIX has a high expense ratio of 0.26%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: SADIX vs. JMGIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Allspring Ultra Short-Term Income 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 Ultra Short-Term Income Fund had a return of 2.12% year-to-date (YTD) and 7.63% in the last 12 months. Over the past 10 years, Allspring Ultra Short-Term Income Fund had an annualized return of 2.28%, while the S&P 500 had an annualized return of 10.90%, indicating that Allspring Ultra Short-Term Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.12% | 11.05% |
| 1 month | 0.71% | 4.86% |
| 6 months | 3.95% | 17.50% |
| 1 year | 7.63% | 27.37% |
| 5 years (annualized) | 3.09% | 13.14% |
| 10 years (annualized) | 2.28% | 10.90% |
Monthly Returns
The table below presents the monthly returns of SADIX, 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 | 0.70% | 0.34% | 0.59% | 0.25% | 2.12% | ||||||||
| 2023 | 1.30% | 0.12% | 0.25% | 0.74% | 0.71% | 0.40% | 0.65% | 0.52% | 0.67% | 0.32% | 0.90% | 1.24% | 8.08% |
| 2022 | -0.17% | -0.28% | -0.41% | -0.26% | 0.10% | -0.48% | 0.48% | 0.20% | -0.43% | -0.06% | 0.69% | 0.80% | 0.17% |
| 2021 | 0.00% | -0.03% | 0.06% | 0.21% | 0.08% | 0.16% | -0.05% | 0.12% | 0.06% | -0.12% | 0.00% | -0.05% | 0.46% |
| 2020 | 0.33% | 0.07% | -2.62% | 1.75% | 1.00% | 0.65% | 0.51% | 0.26% | 0.13% | 0.11% | 0.35% | 0.22% | 2.73% |
| 2019 | 0.68% | 0.33% | 0.45% | 0.21% | 0.21% | 0.44% | 0.20% | 0.34% | 0.19% | 0.32% | 0.09% | 0.31% | 3.82% |
| 2018 | 0.04% | 0.04% | 0.04% | 0.28% | 0.05% | 0.17% | 0.29% | 0.28% | 0.30% | 0.06% | 0.08% | 0.08% | 1.70% |
| 2017 | 0.24% | 0.13% | 0.00% | 0.13% | 0.24% | 0.12% | 0.12% | 0.13% | 0.13% | 0.13% | 0.01% | 0.13% | 1.51% |
| 2016 | -0.02% | 0.11% | 0.36% | 0.34% | 0.12% | 0.24% | 0.24% | 0.11% | 0.12% | 0.12% | -0.12% | 0.12% | 1.73% |
| 2015 | 0.09% | 0.08% | -0.02% | 0.09% | 0.09% | -0.02% | -0.02% | -0.02% | -0.02% | 0.21% | 0.09% | -0.02% | 0.53% |
| 2014 | 0.08% | 0.11% | 0.09% | 0.09% | 0.09% | 0.09% | -0.02% | 0.07% | -0.02% | -0.02% | -0.02% | -0.02% | 0.52% |
| 2013 | -0.02% | 0.08% | 0.09% | 0.09% | -0.03% | -0.14% | 0.20% | -0.04% | 0.08% | 0.21% | 0.09% | 0.20% | 0.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SADIX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
SADIX (Allspring Ultra Short-Term Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Allspring Ultra Short-Term Income Fund (SADIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Allspring Ultra Short-Term Income Fund granted a 4.61% dividend yield in the last twelve months. The annual payout for that period amounted to $0.40 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.18 | $0.09 | $0.16 | $0.21 | $0.17 | $0.13 | $0.12 | $0.10 | $0.09 | $0.09 |
Dividend yield | 4.61% | 4.64% | 2.18% | 1.04% | 1.85% | 2.45% | 2.04% | 1.50% | 1.36% | 1.13% | 1.11% | 1.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring Ultra Short-Term Income 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 | $0.12 | |||||||
| 2023 | $0.04 | $0.02 | $0.02 | $0.04 | $0.05 | $0.02 | $0.03 | $0.02 | $0.05 | $0.03 | $0.03 | $0.06 | $0.40 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.01 | $0.02 | $0.02 | $0.04 | $0.18 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.09 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 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 | $0.21 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2016 | $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 |
| 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 | $0.10 |
| 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 | $0.09 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Allspring Ultra Short-Term Income 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 Ultra Short-Term Income Fund was 7.34%, occurring on Dec 30, 2008. Recovery took 205 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.34% | Mar 10, 2008 | 205 | Dec 30, 2008 | 205 | Oct 22, 2009 | 410 |
| -4.67% | Mar 6, 2020 | 12 | Mar 23, 2020 | 48 | Jun 1, 2020 | 60 |
| -1.77% | Oct 15, 2021 | 168 | Jun 13, 2022 | 139 | Dec 30, 2022 | 307 |
| -1.54% | Aug 6, 2007 | 16 | Aug 27, 2007 | 23 | Sep 28, 2007 | 39 |
| -1.44% | Nov 13, 2007 | 10 | Nov 27, 2007 | 23 | Dec 31, 2007 | 33 |
Volatility
Volatility Chart
The current Allspring Ultra Short-Term Income Fund volatility is 0.45%, 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.