LU1826612522

Allspring Climate Transition Global Investment Grade Credit Fund(LU1826612522)

Fixed income
Investment grade
Global
USD Cash
Accumulating

Invest with

USD Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund seeks total return, maximising investment income whilst preserving capital by investing at least two-thirds of its assets in investment grade credit debt issued by corporates globally. It targets to decarbonise the portfolio by 2050.

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

Offers exposure to the deep and diverse global investment grade corporate bond universe.Has a clear climate transition objective: the Fund aims to be net zero in carbon emissions by 2050, with an immediate significant reduction in carbon intensity.Aims to incentivise climate transition outperformers, and not just invest in low carbon issuers.

People

Led by experienced portfolio managers, Henrietta, with more than 20 years of experience and, Scott Smith, with more than 35 years of experience.Supported by a sizable team of more than 80 fixed income analysts globally.

Performance

Positioned as a low tracking error product against the benchmark (Bloomberg Global Aggregate Corporate Index).Aims to outperform the benchmark net of fee over the market cycle.Relative performance against the benchmark should be primarily driven by security selection.

Process

Employs a repeatable investment process through collaboration between credit analysts and portfolio managers to make bottom up and top down decisions.Incorporates a thoughtful climate transition framework that is embedded into fundamental analysis to emphasise transition outperformers.Does not take currency risk and all foreign currency risk is hedged.

Cost

Access to the Institutional share class with trailer rebates to achieve the lowest possible fees.

How it fits in a portfolio

Investors looking for global investment grade corporate bond exposure would find the Fund a suitable option.Additionally, the Fund’s climate objective would align with the sustainability goals that investors might have.The Fund is suitable as part of a core allocation of an investor’s fixed income portfolio because it is globally diversified with high credit quality.However, investing in investment grade corporate bonds still involves taking on interest rate risk and some, albeit limited, credit default risk. Prices of the bonds might decrease when interest rates increase and/or companies default on their debt obligation.It is advisable for Investors to consider further diversifying the portfolio by adding other asset classes after weighing one’s investment goals and risk tolerance.Updated as of 2023/09/07

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Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

1.05%

YTD

-0.62%

1 month

-2.08%

6 month

0.15%

1 year

4.24%

3 year

17.33%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Yield

4.84%As of Mar 2026

Risk metrics

Max drawdown

-19.15%As of Mar 2026

Volatility

6.80%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	0.5%	1.0%	-2.1%	-	-	-	-	-	-	-	-	-
2025	6.8%	0.7%	1.6%	-0.5%	0.4%	0.2%	1.4%	0.2%	0.8%	1.1%	0.6%	0.4%	-0.2%
2024	4.2%	0.5%	-1.2%	1.4%	-1.9%	1.4%	0.7%	2.1%	1.2%	1.5%	-1.6%	1.4%	-1.3%
2023	9.5%	3.9%	-2.3%	1.6%	0.8%	-0.7%	0.6%	0.8%	-0.4%	-1.8%	-1.1%	4.4%	3.6%
2022	-15.6%	-2.6%	-2.2%	-2.0%	-4.4%	-0.1%	-3.2%	3.6%	-3.2%	-4.9%	-0.7%	4.3%	-1.0%
Load more		5 of 6

Top Exposures

Holdings

Regions

Sectors

United States Treasury Notes 4.63% (2035-02-15 Maturity)	2.60%
Citigroup Inc. 5.17% (2036-09-11 Maturity)	1.32%
Bank of America Corp. 2.97% (2033-02-04 Maturity)	0.89%
Pfizer Investment Enterprises Pte Ltd. 4.75% (2033-05-19 Maturity)	0.78%
Truist Financial Corp. 1.89% (2029-06-07 Maturity)	0.71%
Motorola Solutions Inc 4.6% (2028-02-23 Maturity)	0.70%
Marsh & McLennan Companies, Inc. 5% (2035-03-15 Maturity)	0.68%
Bank of Montreal 4.439% (2032-01-14 Maturity)	0.67%
Orange SA 5% (2036-01-13 Maturity)	0.67%
Goldman Sachs Group, Inc. 3.1% (2033-02-24 Maturity)	0.66%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

0.45% p.a.

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Fund facts

ISIN

LU1826612522

Fund house

AllSpring GI

Fund size

US$52.8M

As of 15 Apr 2026

Fund benchmark

Bloomberg Gbl Agg Corp TR Hdg USD

Fund inception date

27 Aug 2021

Fund class currency

USD

Fund share class

I USD Acc

Oldest share class ISIN

LU1826612795

Oldest share inception date

08 Nov 2019

Pricing frequency

Daily

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