Wells Fargo U.S. Core Bond Fund
Data updated: 2020-07-30
C000191030 — Wells Fargo U.S. Core Bond Fund. Total / Aggregate Bond · $1.10M AUM · 0.00% expense ratio. Holdings, fees, performance and SEC filings.
C000191030 Fund Overview
Wells Fargo U.S. Core Bond Fund is a US mutual fund managed by Allspring Funds Trust, categorised as Total / Aggregate 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: Total / Aggregate Bond
- Assets under management: $1.10M
- SEC CIK: 0001081400
- SEC series ID: S000058278
- Share class ID: C000191030
C000191030 Investment Objective and Strategy
Wells Fargo U.S. Core 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 of Funds seeks to replicate the total return of the Wells Fargo U.S. Core Bond Index (the ""Index""), before fees and expenses."
Principal investment strategy
"The Fund is a fund of funds that invests substantially all of its assets in two underlying portfolios, the Wells Fargo Bloomberg Barclays US Aggregate ex-Corporate Portfolio and the Wells Fargo Investment Grade Corporate Bond Portfolio (each, an ""Underlying Portfolio""). The Fund's allocation to the two Underlying Portfolios will mirror the percentage weighting of the non-corporate and corporate sectors of the Index and in combination, the Fund will attempt to track the performance, liquidity and diversification characteristics of the Index. The Fund will determine its percentage allocation to each Underlying Portfolio by the percentage allocation to non-corporate credit holdings within the Index. The Fund attempts to match that percentage via its holding in the Wells Fargo Bloomberg Barclays US Aggregate ex-Corporate Portfolio and invests the remainder in the Wells Fargo Investment Grade Corporate Bond Portfolio.
The Wells Fargo Bloomberg Barclays US Aggregate ex-Corporate Portfolio invests in a broadly diversified collection of fixed income securities that, in the aggregate, approximates the Bloomberg Barclays US Aggregate ex-Corporate Index in terms of key risk factors and other characteristics. This custom index includes investment-grade U.S. Treasury bonds, government-related bonds, mortgage-backed pass-through securities, commercial mortgage-backed securities and asset-backed securities that are publicly offered for sale in the United States. The Wells Fargo Investment Grade Corporate Bond Portfolio generally invests its assets in a broadly diversified collection of fixed income securities that, in the aggregate, approximates the Wells Fargo U.S. Investment Grade Corporate Bond Index. This rules-based proprietary index is designed to measure the performance of publicly issued U.S.
dollar denominated investment grade, fixed rate corporate bonds that have a remaining maturity of at least one year, regardless of optionality. This proprietary index is constructed to provide increased diversification and liquidity versus traditional passive corporate credit indexes. Investment grade is defined as a security being rated Baa3/BBB- or higher by at least two of the following ratings agencies: Moody's Investors Service, Inc., Fitch Inc., or Standard & Poor's Financial Services, LLC. If only two of the three agencies rate the security, both must be investment grade. If only one of the three agencies rates a security, the rating must be investment grade. A precise duplication of the Index would mean that the net asset value (""NAV"") of Fund shares, including income and capital gains, would increase or decrease in exact proportion to changes in the Index.
Such an exact replication is not feasible. Our ability to track the performance of the index may be affected by, among other things, our sampling technique, transaction costs and shareholder purchases and redemptions. We continually monitor the performance and composition of the indexes and adjust the Fund's portfolio as necessary to reflect any changes to the Index. Under normal circumstances, each Underlying Portfolio is expected to concentrate its investments in an industry to approximately the same extent that the index it tracks is concentrated in such industry. The components of an index may change over time and the index may or may not be concentrated in an industry at any particular time."
C000191030 Costs and Fees
C000191030 costs about $0 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.00%
- Gross expense ratio: 6.74%
- Portfolio turnover: 39%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000191030 Cashflows
Over the 12 months to 2020-05, Wells Fargo U.S. Core Bond Fund had net inflows of $0, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-05 | $0 |
| 2020-04 | $0 |
| 2020-03 | $0 |
| 2020-02 | $0 |
| 2020-01 | $0 |
| 2019-12 | $0 |
C000191030 Debt Constituents
No individual debt constituents are reported in Wells Fargo U.S. Core Bond Fund's latest SEC N-PORT filing.
C000191030 Prospectus and SEC Filings
Official Wells Fargo U.S. Core Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-07-15
- Prospectus (485BPOS) — filed 2019-07-09
- Prospectus (485BPOS) — filed 2018-07-03
- Portfolio holdings (N-PORT) — filed 2020-07-30
- Portfolio holdings (N-PORT) — filed 2020-04-29
- Portfolio holdings (N-PORT) — filed 2020-01-28
- Annual census (N-CEN) — filed 2020-05-13
- Annual census (N-CEN) — filed 2019-05-14
Related Funds
Other Total / Aggregate 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.