On Tuesday, Allspring Global Investments expanded its ETF collection with the launch of three new funds. Each of these funds are actively managed.
First on the docket is the Allspring LT Large Core ETF (ALRG). With a net expense ratio of 0.28%, ALRG looks to offer long-term portfolio gains through disciplined large-cap exposure.
Meanwhile, the Allspring SMID Core ETF (ASCE) moves farther down the cap spectrum. As the fund’s title implies, ASCE invests in a tactical mix of mid and small-cap equities, with a specific focus on companies with attractive momentum and valuations. This fund has a net expense ratio of 38 basis points.
Last but certainly not least is the Allspring Ultra Short Municipal ETF (AUSM). AUSM looks to tap into current income through a portfolio of municipal securities. Notably, the fund aims to have an average effective maturity of one year or less. AUSM operates with a net expense ratio of 0.18%.
The Allspring Advantage
“Investors want differentiated strategies for their active management allocation, and these funds meet that expectation,” noted Kate Burke, Allspring CEO. “The LT Large Core and SMID Core equity ETFs both use proprietary investment strategies that have held up across multiple market cycles, in part because they have evolved over time to reflect changing market dynamics. The Ultra Short Municipal ETF is designed with the goal of providing a higher all-in yield compared with taxable alternatives at a time when investors are concerned about falling short-term rates.”
ALRG, ASCE, and AUSM each come online at a crucial moment for actively managed funds. Both domestic and global macroeconomic uncertainties are causing many advisors to look for actively managed funds with experienced portfolio teams. These may be new ETFs, but each fund taps into decades of experience in navigating the markets.
With eight ETFs now listed in the United States, Allspring Global Investments offers a number of compelling fund strategies for advisors and investors. One of the largest Allspring ETFs, the Allspring Core Plus ETF (APLU ), has over $200 million in assets under management.
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