- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Francisco CA 94163 Laguna Beach CA United States of America 92651
- IPO Date
- Jul 18, 2008
- Business
- Allspring Core Plus Bond Fund (WIPIX) is an open-end mutual fund that seeks total return through current income and capital appreciation by investing primarily in fixed income securities. The fund allocates at least 80% of its net assets to income-producing debt obligations, including U.S. investment-grade bonds, high-yield corporate bonds, mortgage-backed securities, asset-backed securities, bank loans, U.S. government securities, foreign sovereign debt, and supranational bonds; its portfolio typically features significant exposure to U.S. bonds (approximately 76%), non-U.S. bonds (13%), and cash equivalents (10%), with top holdings such as Treasury note futures, European Union bonds, and government money market funds. Managed within the intermediate core-plus bond category, the fund employs a risk-conscious, relative-value approach to pursue upside potential while managing downside risk, domiciled in the United States with institutional shares launched on July 18, 2008.
The fund operates under Allspring Global Investments, a U.S.-based asset management firm headquartered in Charlotte, North Carolina, serving institutional and retail investors focused on taxable fixed income strategies. Share classes include Institutional (WIPIX), Administrator (WIPDX), A (STYAX), C (WFIPX), and R6 (STYJX), with total net assets exceeding $10 billion and a net expense ratio of 0.35% for the institutional class. The management team, led by Portfolio Manager Janet Rilling since inception, includes Noah Wise (since 2015), Christopher Kauffman (since 2015), Michael Schueller (since 2017), and Michal Stanczyk (since 2021).
In recent developments, Allspring added Allspring Global Investments (UK) Limited as a subadvisor in 2025 to enhance trading autonomy for its London-based team, aligning with portfolio targets; concurrently, Sarah Harrison joined as a comanager effective November 3, 2025, maintaining the strategy's Above Average People and Process ratings from Morningstar. The fund reported outperformance against the Bloomberg U.S. Aggregate Bond Index in Q3 2025, continuing its focus on relative value in a moderating interest rate environment. No major acquisitions, funding rounds, or product launches specific to the fund were noted in the past two years, though Allspring Global Investments broadly expanded into active ETFs in December 2024.