International Bond Fund
Data updated: 2023-08-28
C000089451 — International Bond Fund. Bond · $17.95M AUM · 1.77% expense ratio · 5.3% 1-yr return. Holdings, fees, performance and SEC filings.
C000089451 Fund Overview
International Bond Fund is a US mutual fund managed by Allspring Funds Trust, categorised as Bond. 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: Bond
- Assets under management: $17.95M
- 1-year return: 5.3%
- SEC CIK: 0001081400
- SEC series ID: S000029097
- Share class ID: C000089451
C000089451 Investment Objective and Strategy
International Bond 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, consisting of income and capital appreciation.
Principal investment strategy
"Under normal circumstances, we invest: at least 80% of the Fund's net assets in foreign debt securities, including obligations of governments, corporate entities or supranational agencies, denominated in various currencies; in at least three countries or supranational agencies; up to 35% of the Fund's total assets in debt securities that are below investment grade; and up to 5% of the Fund's total assets in debt obligations or similar securities denominated in the local currencies of countries that have a sovereign debt rating below investment-grade. We invest principally in foreign debt securities denominated in various currencies, including obligations of governments, corporate entities or supranational agencies. We will invest in at least three countries or supranational agencies. We may also invest in investment-grade and below investment-grade debt securities (often called ""high yield"" securities or ""junk bonds"") of both U.S.
and foreign issuers, including issuers from emerging markets. As part of our below investment-grade debt securities investment strategy, we will generally invest in securities that are rated at least B- by Standard & Poor's or B3 by Moody's, or an equivalent quality rating from another Nationally Recognized Statistical Ratings Organization, or are deemed by us to be of comparable quality. Under normal circumstances, we invest up to 5% of the Fund's total assets in debt obligations or similar securities denominated in the local currencies of countries that have a sovereign debt rating below investment-grade. Currency is managed as a separate asset class. We may purchase a foreign currency on a spot or forward basis in order to benefit from potential appreciation of such currency relative to the U.S.
dollar or to other currencies. The Fund may enter into foreign currency exchange contracts to gain or hedge currency exposure or control risk. While we may purchase securities of any maturity or duration, under normal circumstances, we expect the Fund's dollar-weighted average effective maturity to be between 5 and 14 years, and dollar-weighted average effective duration to be between 3 1/2 and 10 years. ""Dollar-Weighted Average Effective Maturity"" is a measure of the average time until the final payment of principal and interest is due on fixed income securities in the Fund's portfolio. ""Dollar-Weighted Average Effective Duration"" is an aggregate measure of the sensitivity of a fund's fixed income portfolio securities to changes in interest rates. As a general matter, the price of a fixed income security with a longer effective duration will fluctuate more in response to changes in interest rates than the price of a fixed income security with a shorter effective duration.
We use proprietary models and systems to assess and highlight areas of relative value around the world. Model-driven forecasts are created using fundamental economic inputs to generate economic forecasts on the global bond markets. With these forecasts, an optimization process accounts for multiple iteration scenarios to create, what we believe to be, an optimal portfolio strategy. The output of the model process is intended to provide relative valuations for determining an over, or underweight of country-specific bond markets. Similarly, currencies are valued for their potential returns or to hedge currency exposure. These macro 'top-down' quantitative models are used in conjunction with our investment experience and allied to a 'bottom-up' security selection process. Sell decisions are valuation-driven based on our models and our fundamental analysis.
We may also sell a security due to changes in portfolio strategy or cash flow needs."
C000089451 Performance
Total returns for C000089451 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.3% |
| 3 years (annualised) | 1.7% |
C000089451 Risk Information
Risk metrics for C000089451, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.7%
C000089451 Costs and Fees
C000089451 costs about $177 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.77%
- Gross expense ratio: 1.99%
- Portfolio turnover: 92%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000089451 Cashflows
Over the 12 months to 2023-06, International Bond Fund had net outflows of $71.17M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | −$30.87M |
| 2023-05 | −$6.67M |
| 2023-04 | −$185.22K |
| 2023-03 | −$98.50K |
| 2023-02 | −$118.00K |
| 2023-01 | −$1.33M |
C000089451 Debt Constituents
No individual debt constituents are reported in International Bond Fund's latest SEC N-PORT filing.
C000089451 Prospectus and SEC Filings
Official International Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-24
- Prospectus (485BPOS) — filed 2022-01-24
- Prospectus supplement (497) — filed 2023-06-30
- Portfolio holdings (N-PORT) — filed 2023-08-28
- Portfolio holdings (N-PORT) — filed 2023-05-25
- Portfolio holdings (N-PORT) — filed 2023-02-24
- Annual census (N-CEN) — filed 2022-12-13
- Annual census (N-CEN) — filed 2021-12-14
Related Funds
Other Bond 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.