ETF Evaluator:
Allspring SMID Core ETF ()
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(as of Aug 26)
Best Performing in Small Blend Over the Last Year
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ETF Details
Allspring SMID Core ETF Overview
Allspring SMID Core ETF (ASCE) is an actively managed U.S. Equity Small Blend exchange-traded fund (ETF). Allspring Global Investments launched the ETF in 2025.
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund invests at least 80% of the fund’s net assets plus borrowing for investment purposes in equity securities of small- and medium-capitalization U.S. companies; and up to 20% of the fund’s total assets in equity securities of foreign issuers in developed markets including through American depositary receipts (ADRs) and similar investments.
About Allspring SMID Core ETF (ASCE)
There are 2 members of the management team with an average tenure of 1.07 years: John Campbell (2025) and Vince Fioramonti (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2500 TR USD index with a weighting of 100%. Allspring SMID Core ETF has 51 securities in its portfolio. The top 10 holdings constitute 27.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Allspring SMID Core ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Allspring SMID Core ETF has 1.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.7% There is 1.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Allspring SMID Core ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $157 million in total assets, which is below the $4 billion average for the Small Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ASCE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Allspring SMID Core ETF expense ratio is below average compared to funds in the Small Blend category. Allspring SMID Core ETF has an expense ratio of 0.38%, which is 10% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Allspring SMID Core ETF has a portfolio turnover rate of 7%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 50% for the Small Blend category.
Recently, in the month of July 2026, Allspring SMID Core ETF returned -2.6%, which earned it a grade of D, as the Small Blend category had an average return of -2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Allspring SMID Core ETF has a trailing yield of 0.17%, which is below the 1.17% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Allspring SMID Core ETF Grades
Year to date, the ETF has returned 27.2%, 9.2 percentage points better than the category, which translates into a grade of A. The fund has returned 37.7% over the past year (grade of A).
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ASCE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ASCE Return (NAV) | -2.6% | 9.2% | 37.7% | na | na | na |
| ASCE Return (Price) | -2.8% | 9.2% | 37.8% | na | na | na |
| NAV +/- Price Return | 0.197% | 0.042% | -0.038% | na | na | na |
| Small Blend Avg | -2.1% | 5.7% | 28.5% | 14.0% | 8.0% | 10.8% |
| ASCE Grade (NAV) | D | A | A | na | na | na |
| +/- Category (NAV) | -0.5% | 3.5% | 9.2% | na | na | na |
| ASCE Tax-Cost Ratio | na | na | 0.1% | na | na | na |
ASCE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ASCE Return (NAV) | 27.2% | na | na | na | na | na | na | na | na | na | na |
| ASCE Return (Price) | 27.1% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.004% | na | na | na | na | na | na | na | na | na | na |
| Small Blend Avg | 18.0% | 8.7% | 11.7% | 16.3% | -15.9% | 24.0% | 12.7% | 24.8% | -9.2% | 14.4% | 19.6% |
| ASCE Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 9.2% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.2% |
| Total Assets: | $ 158 Mil |
| Share Class Assets: | $ 158 Mil |
| Turnover: | 7.0% |
| Expense Ratio: | 0.38% |
| Index Fund: | No |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.1 years | |||
| Average Tenure: 1.1 years | |||
| Managers (Year): Campbell John (2025), Fioramonti Vince (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 51 |
| % in Top 10 Holdings: | 27.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.8% |
Portfolio Allocation |
|
| Domestic Stock: | 97.7% |
| Foreign Stock: | 1.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Allspring Global Investments |
| Phone Number: | 866-701-2575 |
| Website: | |
| Inception Date: | July 7, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.38% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.42% |
