LU1826612522
Allspring Climate Transition Global Investment Grade Credit Fund

  • Fixed income
  • Global
  • USD Cash
  • Accumulating
Invest with
USD Cash
Payout type
Accumulating
Risk rating
2
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
Product Highlight Sheet
Prospectus
Factsheet
Our perspective
Why we think this fund is best-in-class
product
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.
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people
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.
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performance
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.
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process
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.
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cost
Cost
Access to the Institutional share class with trailer rebates to achieve the lowest possible fees.
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selectionCriteria
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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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
-0.16%
YTD
4.85%
1 month
0.79%
6 month
2.51%
1 year
4.80%
3 year
16.60%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Yield
5.32%As of Jul 2025
Risk metrics
Max drawdown
-19.15%As of Aug 2025
Volatility
7.16%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-0.7%1.6%-0.5%0.4%0.2%1.4%0.2%0.8%----
20244.2%0.5%-1.2%1.4%-1.9%1.4%0.7%2.1%1.2%1.5%-1.6%1.4%-1.3%
20239.5%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%
2021--------0.0%-0.9%-0.2%0.1%-0.2%
Top Exposures
United States Treasury Notes 4.63% (2035-02-15 Maturity)2.69%
United States Treasury Notes 3.88% (2034-08-15 Maturity)2.56%
United States Treasury Notes 4.38% (2034-05-15 Maturity)1.33%
Bank of America Corp. 2.97% (2033-02-04 Maturity)0.91%
Pfizer Investment Enterprises Pte Ltd. 4.75% (2033-05-19 Maturity)0.80%
United States Treasury Notes 4.25% (2035-05-15 Maturity)0.78%
Truist Financial Corp. 1.89% (2029-06-07 Maturity)0.73%
Motorola Solutions Inc 4.6% (2028-02-23 Maturity)0.72%
Goldman Sachs Group, Inc. 3.1% (2033-02-24 Maturity)0.68%
Danske Bank A/S 5.3% (2030-03-01 Maturity)0.67%
Rogers Communications Inc. 5% (2029-02-15 Maturity)0.67%
AbbVie Inc. 5.05% (2034-03-15 Maturity)0.67%
Tapestry Inc 5.5% (2035-03-11 Maturity)0.65%
Wells Fargo & Co. 5.71% (2028-04-22 Maturity)0.62%
Cummins Inc. 5.45% (2054-02-20 Maturity)0.62%
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$79.2M
As of 12 Sep 2025
Fund benchmark
Morningstar Gbl Corp Bd GR 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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