Fund Facts  

Inception Date: Oct 31, 2014
CUSIP: 94988A668
Ticker Symbol: ESPRX
Morningstar Category:Small Value
As of Jun 30, 2022
Fund Net Assets ($millions) $5,053

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term capital appreciation.

Principal Investment Strategies  

Under normal circumstances, the fund invests: at least 80% of the fund's net assets in equity securities of small-capitalization companies. It invests principally in equity securities of small-capitalization companies, which the managers define as companies with market capitalizations within the range of the Russell 2000® Index at the time of purchase.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Allspring Spec Sm Cap Vala-12.01%-15.55%-12.16%6.32%6.12%N/A7.58%
Russell 2000 Value Indexa,b-15.28%-17.31%-16.28%6.18%4.89%9.05%N/A
Morningstar Small Valuea,c-13.40%-15.20%-12.12%7.63%5.36%8.93%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in a MissionSquare Retirement administered account can log in at www.icmarc.org, or institutions can go to www.investments.missionsq.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa
Gross Expenses0.85%
Net Expenses0.85%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2022 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 2000® Value Index measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values.

c. The Morningstar category average return represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 16, 2021Dec 16, 2021$0.286560000
Dec 9, 2021Dec 9, 2021$2.596410000
Dec 16, 2020Dec 16, 2020$0.253570000
Dec 9, 2020Dec 9, 2020$0.010600000
Dec 17, 2019Dec 17, 2019$0.438690000
Dec 10, 2019Dec 10, 2019$0.307440000
Dec 14, 2018Dec 14, 2018$0.302890000
Dec 10, 2018Dec 10, 2018$2.062670000
Dec 15, 2017Dec 15, 2017$0.489520000
Dec 13, 2017Dec 13, 2017$1.537710000
 

Morningstar Information

Morningstar RatingTM   As of Jun 30, 2022
Period Stars Category Size
Overall 4 Stars439
3-Year 3 Stars439
5-Year 4 Stars412
10-Year N/A N/A

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Jun 30, 2022
Equity Stylebox
Small Value
Allocation of Assets As of May 31, 2022
Type of Asset Percent
Equity98%
Fixed Income1%
Cash/Other1%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of May 31, 2022
Asset ClassPercent
Domestic Stock96.3%
Foreign Stock1.7%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.8%
Convertible0.0%
Cash1.2%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 

Equity Sector As of May 31, 2022
SectorPercent
Industrials26.0%
Financial Services14.6%
Basic Materials14.1%
Consumer Defensive11.6%
Consumer Cyclical10.1%
Energy8.5%
Healthcare5.1%
Real Estate3.8%
Technology2.9%
Utilities1.0%
Communication Services0.6%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of May 31, 2022
Holding NamePercent
Innospec Inc3.2%
Mueller Industries Inc3.2%
Spectrum Brands Holdings Inc2.9%
Eagle Materials Inc2.7%
Avient Corp2.6%
J&J Snack Foods Corp2.4%
Franklin Electric Co Inc2.3%
UMB Financial Corp2.3%
Silgan Holdings Inc1.7%
Helen Of Troy Ltd1.7%
 

Statistics

Portfolio Statistics As of Jun 30, 2022
Statistic3-Year5-Year
Beta0.900.91
Alpha0.451.35
Standard Deviation23.1520.98
 
 

Trading Restrictions

Purchase, Sale, and Transfer Restrictions

 

This fund imposes trading restrictions which may limit your ability to buy or sell the fund in certain circumstances. Please see the fund prospectus or applicable disclosure materials for further information.

 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.icmarc.org.

2.

Effective December 6, 2021, Wells Fargo Funds rebranded as Allspring Funds.

The source for this information is Morningstar, Inc. Copyright © 2022 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with MissionSquare Retirement or its affiliates. MissionSquare Retirement does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.