Allspring LT Large Core ETF
ALRG
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1415 Vantage Park Drive, 3rd Floor Charlotte NC United States of America 28203
- IPO Date
- Oct 18, 2024
- CIK
- 0001611331
- Website
- allspringglobal.com
- Similar Companies
- Business
- Allspring Exchange-Traded Funds Trust (the Trust) is a Delaware statutory trust that issues multiple exchange-traded funds (ETFs), including the Allspring LT Large Core ETF (ALRG), which seeks long-term capital appreciation by investing principally in equity securities of large capitalization U.S. companies using a disciplined process combining fundamental analysis with a proprietary valuation framework to identify high-quality companies with definable business franchises, competitive advantages, strong growth prospects, solid financial conditions, and aligned management, while considering material environmental, social, and governance (ESG) risks. The Trust's core offerings encompass active equity ETFs such as ALRG (large-cap core), Allspring SMID Core ETF (ASCE; small- and mid-cap core blending quantitative models and fundamental analysis), and Allspring LT Large Growth ETF (AGRW); fixed income ETFs including Allspring Ultra Short Municipal ETF (AUSM) focused on short-duration, high-credit-quality municipal securities for tax-free income; and additional strategies providing capital appreciation, income generation, and risk management through diversified, actively managed portfolios typically holding 40 to 60 high-conviction stocks or targeted bond selections. These ETFs target institutional and retail investors seeking U.S.-focused equity and fixed income exposure with intraday liquidity, tax efficiency, and daily transparency, primarily in developed U.S. markets across large-cap, SMID-cap, and short-duration municipal segments. In July 2025, Allspring Global Investments, the adviser affiliated with the Trust, launched ALRG alongside ASCE and AUSM on NYSE Arca, converting proven mutual fund and separately managed account strategies with track records of 10 to nearly 25 years into ETF structures to broaden investor access, as announced by CEO Kate Burke and ETF initiative head Rick Genoti. This expansion builds on prior 2025 launches of actively managed equity ETFs in March and fixed income ETFs in December 2024, growing the active ETF suite amid Allspring's push into the ETF space with approximately $600 billion in assets under advisement. The Trust, managed by Allspring Funds Management, LLC, operates from headquarters at 1415 Vantage Park Drive, 3rd Floor, Charlotte, North Carolina 28203, leveraging Allspring Global Investments' platform established post its 2021 spin-off from Wells Fargo into an independent firm.