Allspring Absolute Return Fund (WARAX)
The investment seeks a positive total return. The fund is a diversified investment that invests substantially all of its investable assets in GMO Benchmark-Free Allocation Fund, an investment company managed by Grantham, Mayo, Van Otterloo & Co. LLC ("GMO"). GMO seeks to achieve Benchmark-Free Allocation Fund's investment objective by investing in asset classes GMO believes offer the most attractive return and risk opportunities.
Fund Info
US94987W1099
94987W109
Feb 29, 2012
$1,000
Large-Cap
Value
Expense Ratio
WARAX features an expense ratio of 0.70%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Allspring Absolute Return 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 Absolute Return Fund had a return of 2.40% year-to-date (YTD) and 8.37% in the last 12 months. Over the past 10 years, Allspring Absolute Return Fund had an annualized return of 2.60%, while the S&P 500 had an annualized return of 11.26%, indicating that Allspring Absolute Return Fund did not perform as well as the benchmark.
WARAX
2.40%
1.53%
2.62%
8.37%
3.58%
2.60%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of WARAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.54% | 2.40% | |||||||||||
| 2024 | -0.27% | 0.55% | 2.84% | -3.12% | 1.56% | 1.45% | 2.23% | 1.14% | 0.95% | -2.40% | 2.98% | -1.92% | 5.93% |
| 2023 | 4.23% | -1.35% | -0.39% | 1.37% | -3.00% | 3.80% | 3.18% | -1.59% | 0.10% | -2.37% | 3.98% | 4.34% | 12.53% |
| 2022 | 2.58% | -0.93% | -3.57% | -0.49% | 1.76% | -5.01% | 0.81% | -0.80% | -3.96% | 1.80% | 6.22% | -0.66% | -2.75% |
| 2021 | 0.76% | 1.32% | 2.60% | 0.09% | 2.44% | -2.12% | -1.89% | 0.28% | -0.46% | -1.47% | -2.05% | 2.94% | 2.26% |
| 2020 | -2.48% | -3.18% | -11.08% | 6.76% | -0.89% | 1.60% | 2.95% | 0.00% | -0.76% | -0.10% | 3.27% | 1.72% | -3.24% |
| 2019 | 4.78% | 0.27% | 1.01% | 1.36% | -2.78% | 2.86% | -0.90% | -1.99% | 1.57% | 1.55% | 0.45% | 3.13% | 11.65% |
| 2018 | 3.42% | -2.21% | -0.52% | -0.52% | -0.53% | -1.41% | 1.34% | -1.23% | 0.27% | -3.65% | 0.83% | -1.55% | -5.78% |
| 2017 | 2.13% | 1.42% | 0.93% | 0.83% | 1.19% | 0.45% | 1.44% | 0.80% | -0.18% | 1.50% | -0.26% | 1.25% | 12.11% |
| 2016 | -3.45% | -0.51% | 4.10% | 0.99% | -0.68% | 0.39% | 2.15% | 0.48% | 0.67% | -0.76% | -1.53% | 0.96% | 2.65% |
| 2015 | 0.92% | 2.93% | -2.49% | 1.73% | -0.45% | -1.80% | -0.73% | -3.61% | -2.59% | 3.15% | -0.38% | -2.64% | -6.06% |
| 2014 | -1.80% | 2.19% | 0.71% | 1.16% | 1.40% | 0.52% | -1.38% | 0.61% | -1.91% | -0.44% | 1.25% | -2.71% | -0.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of WARAX is 67, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Allspring Absolute Return Fund (WARAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Allspring Absolute Return Fund provided a 10.64% dividend yield over the last twelve months, with an annual payout of $1.13 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.13 | $1.13 | $0.30 | $0.23 | $0.34 | $0.35 | $0.38 | $0.28 | $0.20 | $0.08 | $0.01 | $0.26 |
Dividend yield | 10.64% | 10.89% | 2.79% | 2.34% | 3.23% | 3.34% | 3.38% | 2.66% | 1.77% | 0.76% | 0.14% | 2.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring Absolute Return 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $1.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2019 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.38 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2014 | $0.26 | $0.26 |
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 Absolute Return 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 Absolute Return Fund was 23.16%, occurring on Mar 23, 2020. Recovery took 211 trading sessions.
The current Allspring Absolute Return Fund drawdown is 0.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.16% | Jan 21, 2020 | 44 | Mar 23, 2020 | 211 | Jan 22, 2021 | 255 |
| -17.14% | Jul 7, 2014 | 405 | Feb 11, 2016 | 373 | Aug 4, 2017 | 778 |
| -14.63% | Jun 7, 2021 | 333 | Sep 29, 2022 | 303 | Dec 13, 2023 | 636 |
| -10.85% | Jan 29, 2018 | 229 | Dec 24, 2018 | 247 | Dec 17, 2019 | 476 |
| -5.56% | Apr 3, 2012 | 42 | Jun 1, 2012 | 47 | Aug 9, 2012 | 89 |
Volatility
Volatility Chart
The current Allspring Absolute Return Fund volatility is 1.57%, 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.