Allspring Index Asset Allocation Fund Class A
SFAAX
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- Allspring Index Asset Allocation Fund Class A (SFAAX) is an open-end mutual fund that seeks long-term total return, consisting of capital appreciation and current income, by investing principally in a portfolio of equity and fixed income securities using an indexed approach. The fund normally invests at least 80% of its net assets in such securities designed to replicate the holdings and weightings of specified indices, including an indexed equity portfolio tracking the S&P 500 Index (up to 75% of assets) and an indexed fixed income portfolio tracking the Bloomberg U.S. Treasury Index (up to 55% of assets); it employs a tactical asset allocation strategy combining quantitative analysis and qualitative judgments to adjust exposure around a neutral 60% equities/40% bonds allocation. The fund operates within the moderate allocation category, with allocations typically comprising approximately 60% U.S. stocks (primarily large-cap blend style), 37% U.S. bonds (high credit quality, moderate interest-rate sensitivity), 3% cash, and minimal non-U.S. exposure; top sectors include technology (21%), financial services (9%), and consumer cyclical (7%), while key holdings feature major U.S. equities such as Microsoft Corp., NVIDIA Corp., and Apple Inc., alongside Treasury futures. Launched on November 13, 1986, and domiciled in the United States, the fund is available to U.S. investors with a minimum initial investment of $1,000, a net expense ratio of 1.07% for Class A shares (including a 5.75% front-end load), and total net assets of approximately $1.26 billion across share classes. It is managed by a team at Allspring Global Investments LLC, headquartered in Charlotte, North Carolina—including Petros Bocray (since December 2016), Manjunath Boraiah (since June 2022), and David Kowalske (since January 2024)—with recent effective addition of Travis L. Keshemberg as portfolio manager starting September 1, 2025. Allspring Global Investments, the fund's adviser and formerly the asset management arm of Wells Fargo until its independence in November 2021 (with headquarters relocation to Charlotte in October 2022), manages over $600 billion in assets and operates globally. Recent developments include a May 2025 distribution partnership with Bennelong Funds Management to offer Allspring strategies, such as the Global Income Fund, to Australian and New Zealand investors, expanding the firm's international reach; quarterly performance outperformance versus its blended benchmark in Q3 2025 driven by tactical asset allocation; and an expense cap commitment through January 31, 2026, at 0.75% for institutional shares.