Allspring Target 2010 Fund
Data updated: 2022-07-29
C000020227 — Allspring Target 2010 Fund. Target Date / Glide Path Allocation · $39.88M AUM · 0.49% expense ratio. Holdings, fees, performance and SEC filings.
C000020227 Fund Overview
Allspring Target 2010 Fund is a US mutual fund managed by Allspring Funds Trust, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Allspring Funds Trust
- Category: Target Date / Glide Path Allocation
- Assets under management: $39.88M
- 1-year return: -0.1%
- SEC CIK: 0001081400
- SEC series ID: S000007364
- Share class ID: C000020227
C000020227 Investment Objective and Strategy
Allspring Target 2010 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Allspring Funds Trust.
Investment objective
The Fund seeks total return over time, consistent with its strategic target asset allocation.
Principal investment strategy
"The Fund is a gateway fund that invests in various master portfolios (""Underlying Funds""), which in turn, invest in a combination of securities to gain exposure to equity and fixed income asset classes. The Fund gradually reduces its potential market risk exposures over time by generally re-allocating its assets among these asset classes, consistent with increasingly conservative strategic target allocations. The equity Underlying Funds are each intended to provide exposure to a specific market segment. Those segments include U.S. large- and small-capitalization companies, international (non-U.S.) developed and emerging markets, and real estate. The U.S. large- and small-cap companies, international developed markets and emerging markets allocations are designed to replicate the performance of indexes created with a proprietary methodology.
This methodology is designed to provide exposure to specific factors (or characteristics) that are commonly tied to a stock's potential for enhanced risk-adjusted returns relative to the market. Those factors include, but are not limited to value, quality, momentum, small size, and low volatility. The process to construct each index begins with a reference index universe and systematically excludes constituents based on their expected contribution to projected risk and return of that overall universe. Each constituent's expected contribution to the overall risk and return of the universe is a function of that constituent's factor exposures and the volatility of each factor. The U.S. large-company and small-cap company indexes are expected to rebalance semi-annually, while the international developed and emerging market indexes are expected to rebalance on a quarterly basis.
The large-cap company allocation will be managed to replicate the performance of the Wells Fargo Factor Enhanced Large Cap Index. The small-cap company allocation will be managed to replicate the performance of the Wells Fargo Factor Enhanced Small Cap Index. The developed international allocation will be managed to replicate the performance of the Wells Fargo Factor Enhanced International Index. The emerging markets allocation will be managed to replicate the performance of the Wells Fargo Factor Enhanced Emerging Market Index. The real estate allocation invests in real estate investment trusts (REITs) and is managed to replicate the performance of the Wells Fargo US REIT Index, a traditional market-capitalization weighted index designed to provide diversified exposure to real estate. The Wells Fargo US REIT Index rebalances quarterly.
The fixed income Underlying Funds provide diversified exposure across a wide range of market sectors, including U.S. Government obligations (including Treasury inflation-protected securities, or TIPS), investment grade corporate bonds, below investment grade bonds (commonly known as ""high yield bonds"" or ""junk bonds""), other U.S. bond sectors (including mortgage- and asset-backed securities), and emerging markets foreign issues. The inflation-protected Treasury and intermediate-term government allocations, will be managed to replicate the performance of the Bloomberg Barclays US Treasury Inflation-Linked 1-10 Year Bond Index and the Bloomberg Barclays US Government Intermediate Bond Index, respectively, each a traditional market-capitalization weighted index designed to provide diversified exposure to their respective allocation.
Each index rebalances monthly. The investment grade corporate bond and below investment grade corporate bond allocations will be managed to replicate the performance of indexes created with a proprietary index methodology. The methodology is designed to provide broadly diversified fixed income exposure and is constructed to enhance issuer diversification and liquidity versus other standard traditional passive bond indexes. Specifically, the indexes first reweight the reference index universe of securities to limit concentration in the largest issuers and remove lower liquidity securities. They then reweight across size groupings to better align the yield and duration characteristics of the index with the original reference index, while at the same time maintaining the greater diversification and increased liquidity achieved through the prior step.
The indexes rebalance monthly. The investment grade corporate bond allocation will be managed to replicate the performance of the Wells Fargo U.S. Investment Grade Corporate Bond Index. The below investment grade bond allocation will be managed to replicate the performance of the Wells Fargo U.S. High Yield Bond Index. The U.S. aggregate bond ex-corporate allocation, which includes mortgage- and asset-backed securities, will be managed to replicate the performance of the Bloomberg Barclays US Aggregate ex-Corporate Index, a traditional market-capitalization weighted index designed to provide diversified exposure to the allocation. The index rebalances monthly. The emerging markets bond allocation will be managed to replicate the performance of the JP Morgan EMBI Global Diversified Index, an index that deviates from a traditional market capitalization weighting to provide more robust diversification across its constituent countries; the index rebalances monthly.
The Fund is primarily designed for investors who retired and/or began to gradually withdraw funds around its target date of 2010. As the Fund's time horizon to its target date shortens, it generally replaces some of its equity holdings with fixed income holdings in an attempt to reduce market risk and thereby become more conservative in its asset allocation. This reallocation occurs according to a predetermined ""glide path,"" which was developed based on long-term capital market return expectations, actuarial assumptions about life expectancy and retirement, and assumptions about investors' risk tolerance. The reallocation continues as the Fund's target year approaches and for the first ten years afterward. The Fund's target year of 2010 serves as a guide to the risk profile of the Fund, and your decision to invest in a Wells Fargo Target Date Fund with a particular target year and risk profile depends on your individual risk tolerance, among other factors.
The Fund will not reach its lowest strategic target allocation to equities until ten years past the Fund's target year. During the ten-year period after the Fund's target year, the Fund's asset allocation will increasingly resemble that of the Target Today Fund and at the end of the ten-year period, we will likely combine it with the Target Today Fund. While the Fund invests exclusively in Underlying Funds that track an index, the Fund does not track a published index. At their discretion, the Fund's portfolio managers may make changes to the Fund's glide path and asset allocation consistent with the Fund's target year. Factors that the portfolio managers may consider include but are not limited to market trends, their outlook for a given market capitalization, and the Underlying Funds' performance in various market conditions.
Portfolio Asset Allocation The following table provides the Fund's target allocations to various underlying portfolios as of its most recent fiscal year end. Portfolio Target Allocation Equity Securities Wells Fargo Factor Enhanced Large Cap Portfolio 15.7% Wells Fargo Factor Enhanced International Portfolio 8.1% Wells Fargo Factor Enhanced Small Cap Portfolio 3.9% Wells Fargo U.S. REIT Portfolio 2.7% Wells Fargo Factor Enhanced Emerging Markets Portfolio 2.4% Fixed Income Securities Wells Fargo Bloomberg Barclays U.S. Aggregate ex-Corp Portfolio 33.0% Wells Fargo Investment Grade Corporate Bond Portfolio 17.2% Wells Fargo Strategic Retirement Bond Portfolio (includes both TIPs & Intermediate Government Bond allocations) 11.2% Wells Fargo Emerging Markets Bond Portfolio 2.8% Wells Fargo High Yield Corporate Bond Portfolio 2.8%"
C000020227 Holdings
Top 10 holdings of Allspring Target 2010 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Wells Fargo Bloomberg Barclays U.S. Aggregate ex-Corporate Portfolio | 34.16% |
| Wells Fargo Investment Grade Corporate Bond Portfolio | 17.79% |
| Wells Fargo Factor Enhanced Large Cap Portfolio | 14.74% |
| Wells Fargo Strategic Retirement Bond Portfolio | 11.56% |
| Wells Fargo Factor Enhanced International Portfolio | 7.67% |
| Wells Fargo Factor Enhanced Small Cap Portfolio | 3.53% |
| Wells Fargo Emerging Markets Bond Portfolio | 2.89% |
| Wells Fargo High Yield Corporate Bond Portfolio | 2.89% |
| Wells Fargo U.S. REIT Portfolio | 2.50% |
| Wells Fargo Factor Enhanced Emerging Markets Portfolio | 2.30% |
C000020227 Portfolio Allocation
Asset-class allocation of Allspring Target 2010 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
C000020227 Performance
Total returns for C000020227 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.1% |
| 3 years (annualised) | 0.0% |
C000020227 Risk Information
Risk metrics for C000020227, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.1%
C000020227 Costs and Fees
C000020227 costs about $49 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.49%
- Gross expense ratio: 0.81%
- Portfolio turnover: 106%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000020227 Cashflows
Over the 12 months to 2022-05, Allspring Target 2010 Fund had net outflows of $6.29M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-05 | −$228.01K |
| 2022-04 | −$5.07M |
| 2022-03 | −$129.67K |
| 2022-02 | −$1.00M |
| 2022-01 | −$308.47K |
| 2021-12 | $4.21M |
C000020227 Debt Constituents
No individual debt constituents are reported in Allspring Target 2010 Fund's latest SEC N-PORT filing.
C000020227 Prospectus and SEC Filings
Official Allspring Target 2010 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-06-24
- Prospectus (485BPOS) — filed 2021-06-24
- Prospectus (485BPOS) — filed 2020-07-10
- Portfolio holdings (N-PORT) — filed 2022-07-29
- Portfolio holdings (N-PORT) — filed 2022-04-29
- Portfolio holdings (N-PORT) — filed 2022-01-31
- Annual census (N-CEN) — filed 2022-05-16
- Annual census (N-CEN) — filed 2021-05-13
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.