Allspring Expands ETF Lineup with Two Actively Managed Equity Funds

Inside Allspring’s New Equity ETFs

Allspring LT Large Growth ETF (AGRW)

AGRW offers investors exposure to high-quality, large-cap U.S. growth stocks, focusing on companies within the market cap range of the S&P 500® Index. The fund seeks to invest in a select number of high-conviction growth companies.

The ETF targets growth companies with strong franchises and competitive advantages, using fundamental analysis and a proprietary valuation framework to identify mispriced stocks. The fund seeks to incorporate a consistent, disciplined, and repeatable investment process.

The strategy is also designed to manage portfolio risk by investing in companies across a proprietary set of growth classifications (core growth, consistent growth, cyclical growth, and emerging growth).

AGRW is managed by a team of seasoned portfolio managers led by Neville Javeri, head of the Empiric LT Equity team.

Allspring Special Large Value ETF (ASLV)

ASLV is designed for investors seeking undervalued large-cap opportunities. The fund invests in approximately 30 to 50 companies with strong fundamentals and long-term competitive advantages, allocating at least 80% to U.S. large-cap stocks and up to 20% in foreign equities including ADRs.

In general, the fund seeks undervalued companies that are believed to have the potential for above average capital appreciation with below average risk.

The ETF uses an accounting-based investment approach, focusing on out-of-favor stocks or those undergoing corporate changes, leveraging rigorous fundamental research to uncover attractive risk-reward opportunities. Through its investment process, the strategy seeks companies with favorable reward-to-risk ratios and that possess a long-term competitive advantage provided by a durable asset base, strong balance sheets, and sustainable and superior cash flows.

Managed by Bryant VanCronkhite and James Tringas, co-heads of the Special Global Equity team, the fund builds on a successful mutual fund strategy that has ranked in the top quartile of its peers over one and three years, making ASLV a compelling choice for value-focused investors.

Differentiated Active ETF Strategies at a Competitive Price

“We chose these strategies for our first foray into equity ETFs because they represent some of our most compelling and differentiated investment strategies,” said Allspring President Kate Burke. “Delivering our best ideas in a format that meets many modern investors’ needs is one important way we look to deliver on our promise to make investing worth more.”

Both AGRW and ASLV come with an expense ratio of 0.35%, placing them in the lowest quartile of fees among active ETF peers. This competitive pricing aligns with Allspring’s commitment to delivering institutional-quality strategies in an accessible ETF format.

Allspring’s ETF Lineup

With these new additions, Allspring’s actively managed ETF lineup now consists of five funds.

Allspring’s Actively Managed ETF Lineup

• Allspring Broad Market Core Bond ETF (AFIX)
• Allspring Core Plus ETF (APLU)
• Allspring Income Plus ETF (AINP)
• Allspring LT Large Growth ETF (AGRW)
• Allspring Special Large Value ETF (ASLV)

Allspring’s 497 (Prospectus) filing on December 2, 2024, suggests a sixth ETF—Allspring LT Large Core ETF—may be on the way. The fund would invest primarily in large-cap U.S. stocks, following ahigh-conviction, fundamentally driven strategy.

About Allspring Global Investments

Allspring Global Investments™ (Allspring) is a leading independent asset management firm, operating across twenty offices globally with approximately $605 billion1 in assets under advisement. Allspring recently made its ETF debut in December 2024 with the launch of three actively managed fixed income ETFs.

The Allspring Broad Market Core Bond ETF (AFIX) is managed by Galliard Capital Management, a subsidiary of Allspring. The ETF brings a long-standing institutional core bond strategy to individual investors, while the Allspring Core Plus ETF (APLU) and the Allspring Income Plus ETF (AINP) are managed by Allspring’s Plus Fixed Income team. The ETFs use a broad array of fixed income securities designed to deliver enhanced total return and income for investors.

¹As of 12/31/2024

For more information, please reach out to:
Rick Genoni (rick.genoni@allspringglobal.com)

Molly Landes (molly.landes@allspringglobal.com)

Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.