Allspring's entrance into the ETF market to
include fixed income and equity strategies
CHARLOTTE, N.C., Aug. 12,
2024 /PRNewswire/ -- Allspring Global Investments™
(Allspring), a global asset management firm with $571 billion* in assets under advisement, today
filed an initial registration statement with the Securities and
Exchange Commission for six new actively managed exchange-traded
funds (ETFs) anticipated to be launched early next year, pending
regulatory approval. Allspring's deep bench of equity and fixed
income investment teams will manage these ETFs.
Complementing Allspring's existing vehicles, this filing
includes existing active fixed income and equity strategies
currently managed by our investment teams with strong track records
and deep investment experience. The six ETFs include three
fixed income strategies and three equity strategies:
- Core Bond ETF
- Core Plus Bond ETF
- Income Plus ETF
- Large Core ETF
- Large Growth ETF
- Large Value ETF
"We are excited to launch our ETF platform in our continued
evolution of Allspring as an independent company. Our mission to
elevate investing to be worth more includes providing access to our
differentiated active investment strategies in the structures that
best meet our investors' needs. Active ETFs provide clients
accessibility and the choice they desire, and we look forward to
sharing more at launch," said Allspring President Kate Burke.
For more information on the six ETFs' principal investment
strategies, please refer to the initial registration statement.
A registration statement containing a preliminary prospectus
(and statement of additional information) relating to the ETFs has
been filed with the Securities and Exchange Commission but has not
yet been declared effective. Information contained herein is
subject to completion or amendment. Shares of the ETFs may not be
sold, nor may offers to buy be accepted, prior to the time the
registration statement becomes effective. The information contained
in the prospectus (and statement of additional information) is not
complete and may be changed.
This communication is not an offer to sell this security and
is not a solicitation to buy this security in any state where the
offer or sale is not permitted.
Investors are advised to carefully consider the investment
objectives, risks, charges, and expenses of an ETF before
investing. The prospectus contains this and other important
information about the ETFs and should be read carefully before
investing.
Investing involves risks, including the potential loss of
principal. There is no guarantee that an ETF's investment strategy
will be successful. Stock values fluctuate in response to the
activities of individual companies and general market and economic
conditions. Bond values fluctuate in response to the financial
condition of individual issuers, general market and economic
conditions, and changes in interest rates. Changes in market
conditions and government policies may lead to periods of
heightened volatility in the bond market and reduced liquidity for
certain bonds held by the fund. In general, when interest rates
rise, bond values fall and investors may lose principal value.
Interest rate changes and their impact on the fund and its share
price can be sudden and unpredictable. It is possible that an
active trading market for ETF shares will not develop, which may
hurt your ability to buy or sell shares, particularly in times of
market stress. Shares may trade at a premium or discount to their
net asset value in the secondary market. These variations may be
greater when markets are volatile or subject to unusual conditions.
There can be no assurance that active trading markets for the
shares will develop or be maintained by market makers or authorized
participants Consult the fund's prospectus for additional
information on these and other risks.
Shares of the ETFs are not redeemable with the ETF other than
in creation unit aggregations. Instead, investors must buy or sell
the ETF shares in the secondary market at market price (not net
asset value) through a broker-dealer. In doing so, the investor may
incur brokerage commissions and may pay more than net asset value
when buying and may receive less than net asset value when
selling.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED
BY ANY GOVERNMENT AGENCY.
About Allspring
Allspring Global Investments™ is a leading independent asset
management firm that offers a broad range of investment products
and solutions designed to help meet clients' goals. At Allspring,
our vision is to inspire a new era of investing that pursues both
financial returns and positive outcomes. With decades of trusted
experience propelling us forward, we strive to build portfolios
aimed at generating successful outcomes for our clients. We do this
through the independence of thought that powers our investment
strategies and by bringing a renewed approach to look around the
corner to unlock what's possible. With more than $571 billion in assets under advisement*, over 20
offices globally, and investment teams supported by 400+ investment
professionals, Allspring is a company committed to thoughtful
investing, purposeful planning, and the desire to deliver outcomes
that expand above and beyond financial gains. For more information,
please visit www.allspringglobal.com.
*As of June 30, 2024. Figures
include discretionary and non-discretionary assets.
Allspring Global Investments™ (Allspring) is the trade name
for the asset management companies of Allspring Global Investments
Holdings, LLC, a holding company indirectly owned by certain
private funds of GTCR LLC and Reverence Capital Partners, L.P.
These firms include but are not limited to Allspring Global
Investments, LLC, and Allspring Funds Management, LLC. Certain
products managed by Allspring entities are distributed by Allspring
Funds Distributor, LLC (a broker-dealer and Member FINRA/SIPC).
Unless otherwise stated, Allspring is the source of all data (which
is current or as of the date stated); past performance is not a
guarantee or reliable indicator of future results; all investments
contain risk; content is provided for informational purposes only
with no representation regarding its adequacy, accuracy, or
completeness and should not be relied upon; views, opinions,
assumptions, or estimates are not necessarily that of Allspring and
are subject to change without notice; and this communication does
not contain investment advice, an investment recommendation, or
investment research, as defined under local regulation of the
respective jurisdiction.
ALL-08092024-dfduf74b
© 2024 Allspring Global Investments Holdings, LLC. All rights
reserved.
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SOURCE Allspring Global Investments