Allspring Short-Term Bond Plus Fund (SSHIX)
The fund normally invests at least 80% of its net assets in debt securities. It invests up to 25% of its total assets in debt securities of foreign issuers and up to 25% of the fund's total assets in below investment-grade debt securities. The fund invests in both investment-grade and below investment-grade debt securities (often called high yield securities or junk bonds) and may also invest in debt securities of foreign issuers. It may invest in a variety of debt securities, including corporate, mortgage- and asset-backed securities, bank loans and U.S. government obligations.
Fund Info
| ISIN | US9499176520 |
|---|---|
| CUSIP | 949917652 |
| Issuer | Allspring Global Investments |
| Inception Date | Aug 31, 1999 |
| Category | Short-Term Bond |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
SSHIX features an expense ratio of 0.47%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SSHIX vs. FNSHX, SSHIX vs. VFWSX, SSHIX vs. FXNAX, SSHIX vs. FIPDX, SSHIX vs. FTABX, SSHIX vs. FLCNX, SSHIX vs. FXAIX, SSHIX vs. DODIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Allspring Short-Term Bond Plus 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-Term Bond Plus Fund had a return of 4.58% year-to-date (YTD) and 7.02% in the last 12 months. Over the past 10 years, Allspring Short-Term Bond Plus Fund had an annualized return of 1.98%, while the S&P 500 had an annualized return of 11.31%, indicating that Allspring Short-Term Bond Plus Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.58% | 24.72% |
| 1 month | -0.17% | 2.30% |
| 6 months | 3.14% | 12.31% |
| 1 year | 7.02% | 32.12% |
| 5 years (annualized) | 2.09% | 13.81% |
| 10 years (annualized) | 1.98% | 11.31% |
Monthly Returns
The table below presents the monthly returns of SSHIX, 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 | 0.58% | -0.26% | 0.50% | -0.26% | 0.89% | 0.56% | 1.20% | 0.88% | 0.94% | -0.52% | 4.58% | ||
| 2023 | 1.37% | -0.72% | 1.30% | 0.51% | -0.29% | -0.28% | 0.60% | 0.39% | -0.10% | 0.08% | 1.59% | 1.58% | 6.18% |
| 2022 | -0.62% | -0.64% | -1.36% | -0.80% | 0.25% | -1.25% | 0.76% | -0.62% | -1.55% | -0.40% | 1.13% | 0.37% | -4.67% |
| 2021 | 0.15% | 0.03% | -0.11% | 0.33% | 0.13% | 0.03% | 0.01% | 0.08% | -0.09% | -0.26% | -0.13% | -0.83% | -0.64% |
| 2020 | 0.66% | 0.66% | -2.49% | 2.04% | 1.44% | 0.98% | 0.95% | 0.33% | 0.04% | 0.14% | 0.84% | -0.70% | 4.93% |
| 2019 | 0.80% | 0.35% | 0.69% | 0.34% | 0.57% | 0.56% | 0.11% | 0.67% | 0.10% | 0.33% | -0.02% | 0.20% | 4.81% |
| 2018 | -0.08% | -0.07% | 0.06% | 0.06% | 0.30% | -0.05% | 0.19% | 0.30% | 0.08% | -0.04% | 0.21% | 0.44% | 1.42% |
| 2017 | 0.25% | 0.26% | 0.01% | 0.25% | 0.24% | 0.01% | 0.24% | 0.25% | -0.08% | 0.02% | -0.19% | 0.02% | 1.30% |
| 2016 | 0.36% | 0.13% | 0.59% | 0.37% | 0.02% | 0.59% | 0.14% | 0.02% | 0.14% | 0.02% | -0.33% | 0.13% | 2.19% |
| 2015 | 0.66% | -0.10% | 0.33% | 0.22% | 0.00% | -0.12% | 0.10% | -0.11% | 0.11% | 0.11% | -0.10% | -0.57% | 0.52% |
| 2014 | 0.34% | 0.20% | 0.01% | 0.24% | 0.34% | 0.12% | -0.10% | 0.21% | -0.11% | 0.23% | 0.10% | -0.59% | 1.00% |
| 2013 | 0.14% | 0.14% | 0.14% | 0.23% | -0.12% | -0.36% | 0.22% | 0.01% | 0.35% | 0.24% | 0.23% | -0.06% | 1.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SSHIX is 91, placing it in the top 9% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Allspring Short-Term Bond Plus Fund (SSHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Allspring Short-Term Bond Plus Fund provided a 4.37% dividend yield over the last twelve months, with an annual payout of $0.37 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 | $0.37 | $0.33 | $0.18 | $0.13 | $0.19 | $0.23 | $0.19 | $0.14 | $0.14 | $0.12 | $0.12 | $0.13 |
Dividend yield | 4.37% | 3.92% | 2.14% | 1.50% | 2.10% | 2.62% | 2.21% | 1.64% | 1.59% | 1.33% | 1.35% | 1.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring Short-Term Bond Plus 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 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.00 | $0.30 | |
| 2023 | $0.01 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.04 | $0.03 | $0.04 | $0.33 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.18 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.13 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $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 | $0.23 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 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 | $0.14 |
| 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 | $0.14 |
| 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 | $0.12 |
| 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 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.13 |
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-Term Bond Plus 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-Term Bond Plus Fund was 7.78%, occurring on Nov 3, 2022. Recovery took 294 trading sessions.
The current Allspring Short-Term Bond Plus Fund drawdown is 0.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.78% | Dec 9, 2020 | 480 | Nov 3, 2022 | 294 | Jan 11, 2024 | 774 |
| -5.37% | Mar 9, 2020 | 12 | Mar 24, 2020 | 44 | May 27, 2020 | 56 |
| -4.2% | Mar 11, 2008 | 181 | Nov 24, 2008 | 107 | Apr 30, 2009 | 288 |
| -3.59% | Sep 4, 2001 | 136 | Mar 25, 2002 | 228 | Feb 19, 2003 | 364 |
| -1.95% | Apr 1, 2004 | 50 | Jun 14, 2004 | 55 | Aug 31, 2004 | 105 |
Volatility
Volatility Chart
The current Allspring Short-Term Bond Plus Fund volatility is 0.48%, 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.