Allspring Spectrum Income Allocation Fund (WCCFX)

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Allspring Spectrum Income Allocation Fund (WCCFX) is up 5.8% since the beginning of the year. WCCFX is currently trading at $10 per share. Investors who bought $1,000 worth of WCCFX shares 5 years ago would now be looking at an investment worth $1,097.

Allspring Spectrum Income Allocation Fund (WCCFX) has returned 5.78% so far this year and 12.93% over the past 12 months. Over the last ten years, WCCFX has returned 2.85% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Aug 3, 2012, WCCFX's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +4.4%, while the worst month was Sep 2022 at -5.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.

On a daily basis, WCCFX closed higher 45% of trading days. The best single day was Nov 11, 2022 with a return of +1.9%, while the worst single day was Dec 11, 2013 at -4.2%.

Allspring Spectrum Income Allocation Fund has an annualized alpha of -0.45%, beta of 0.17, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since August 06, 2012.

• This fund participated in 40.88% of S&P 500 Index downside but only 22.04% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.17 may look defensive, but with R2 of 0.32 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.32 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

WCCFX has a high expense ratio of 1.50%, indicating above-average management fees.

WCCFX ranks 70 for risk / return — better than 70% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Allspring Spectrum Income Allocation Fund (WCCFX) and compare them to S&P 500 Index.

Allspring Spectrum Income Allocation Fund provided a 2.57% dividend yield over the last twelve months, with an annual payout of $0.25 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Allspring Spectrum Income Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Allspring Spectrum Income Allocation 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 Spectrum Income Allocation Fund was 17.64%, occurring on Oct 20, 2022. Recovery took 726 trading sessions.

The chart below shows the rolling one-month volatility.