Allspring Global Investment Grade Credit Fund (WGCIX)
The fund invests at least 80% of the fund's net assets in a diversified portfolio of investment grade credit debt securities issued by U.S. or foreign (including emerging markets) corporate issuers. It invests up to 20% of net assets in debt securities rated below investment grade. The fund will invest in at least three different countries, including the U.S., and will invest at least 40% of its net assets in issuers that maintain their principal place of business or conduct their principal business activities outside the U.S.
Fund Info
US94988V2253
Feb 27, 2019
$1,000,000
Expense Ratio
WGCIX features an expense ratio of 0.50%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Allspring Global Investment Grade Credit 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
WGCIX
N/A
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^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of WGCIX, 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 | 0.30% | -1.03% | 1.33% | -1.88% | 1.35% | 0.60% | 2.11% | 1.20% | 1.46% | -1.59% | 1.54% | -1.27% | 4.09% |
| 2023 | 4.11% | -2.33% | 1.61% | 0.71% | -0.91% | 0.38% | 0.72% | -0.43% | -1.72% | -1.06% | 4.80% | 3.69% | 9.69% |
| 2022 | -2.67% | -2.35% | -1.86% | -4.57% | -0.02% | -3.55% | 3.79% | -3.22% | -4.71% | -0.56% | 4.62% | -0.97% | -15.36% |
| 2021 | -0.74% | -1.31% | -0.95% | 0.88% | 0.36% | 1.18% | 1.22% | -0.33% | -0.94% | -0.15% | 0.06% | -3.86% | -4.59% |
| 2020 | 2.19% | 0.69% | -7.45% | 4.51% | 1.73% | 2.34% | 2.38% | -0.65% | -0.09% | 0.25% | 2.44% | -1.50% | 6.51% |
| 2019 | 1.90% | 0.69% | 1.07% | 2.07% | 0.90% | 2.17% | -0.44% | 0.42% | 0.07% | -1.04% | 8.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of WGCIX is 43, 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 Global Investment Grade Credit Fund (WGCIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Allspring Global Investment Grade Credit Fund provided a 4.24% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.35 | $0.36 | $0.25 | $0.24 | $0.30 | $0.28 |
Dividend yield | 4.24% | 4.03% | 4.09% | 2.93% | 2.33% | 2.72% | 2.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring Global Investment Grade Credit 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 | $0.03 | $0.03 | |||||||||||
| 2024 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.08 | $0.02 | $0.06 | $0.35 |
| 2023 | $0.01 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.07 | $0.03 | $0.36 |
| 2022 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.03 | $0.05 | $0.25 |
| 2021 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.03 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.24 |
| 2020 | $0.00 | $0.00 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.06 | $0.04 | $0.04 | $0.30 |
| 2019 | $0.06 | $0.01 | $0.00 | $0.03 | $0.05 | $0.07 | $0.06 | $0.28 |
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 Global Investment Grade Credit 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 Global Investment Grade Credit Fund was 24.78%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.78% | Dec 4, 2020 | 474 | Oct 21, 2022 | — | — | — |
| -13.74% | Mar 9, 2020 | 10 | Mar 20, 2020 | 72 | Jul 2, 2020 | 82 |
| -1.84% | Sep 5, 2019 | 7 | Sep 13, 2019 | 15 | Oct 4, 2019 | 22 |
| -1.68% | Dec 4, 2019 | 7 | Dec 12, 2019 | 26 | Jan 22, 2020 | 33 |
| -1.37% | Aug 7, 2020 | 15 | Aug 27, 2020 | 48 | Nov 4, 2020 | 63 |
Volatility
Volatility Chart
The current Allspring Global Investment Grade Credit Fund volatility is 0.86%, 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.