Fund Evaluator:
Allspring Short-Term Bd Pl Inst (SSHIX)
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Fund Details
Allspring Short-Term Bd Pl Inst Overview
Allspring Short-Term Bd Pl Inst (SSHIX) is an actively managed Taxable Bond Short-Term Bond fund. Allspring Global Investments launched the fund in 1999.
The investment seeks current income consistent with capital preservation. The fund normally invests at least 80% of its net assets in debt securities. It invests up to 25% of its total assets in debt securities of foreign issuers and up to 25% of the fund’s total assets in below investment-grade debt securities. The fund invests in both investment-grade and below investment-grade debt securities (often called “high yield securities” or “junk bonds”) and may also invest in debt securities of foreign issuers. It may invest in a variety of debt securities, including corporate, mortgage- and asset-backed securities, bank loans and U.S. government obligations.
About Allspring Short-Term Bd Pl Inst (SSHIX)
There are 6 members of the management team with an average tenure of 8.07 years: Christopher Kauffman (2010), Michael Schueller (2019), Noah Wise (2013), Michal Stanczyk (2021), Sarah Harrison (2025), Janet Rilling (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Govt/Credit 1-3 Yr TR USD index with a weighting of 100%. Allspring Short-Term Bd Pl Inst has 383 securities in its portfolio. The top 10 holdings constitute 24.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Allspring Short-Term Bd Pl Inst is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Allspring Short-Term Bd Pl Inst has 15.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 91.4% (75.6% domestic bond, 15.8% foreign bond and 0.0% convertible bond). Allspring Short-Term Bd Pl Inst has 8.7% of the portfolio in cash.
Assets Under Management
The fund has $648 million in total assets, which is below the $904 million average for the Short-Term Bond 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.
SSHIX 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 Short-Term Bd Pl Inst expense ratio is below average compared to funds in the Short-Term Bond category. Allspring Short-Term Bd Pl Inst has an expense ratio of 0.30%, which is 55% lower than its category average, making the fund expense ratio grade a A. 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 Short-Term Bd Pl Inst has a portfolio turnover rate of 182%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 135% for the Short-Term Bond category.
Recently, in the month of July 2026, Allspring Short-Term Bd Pl Inst returned 0.0%, which earned it a grade of C, as the Short-Term Bond category had an average return of -0.0%. 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 funds in that category.
Allspring Short-Term Bd Pl Inst has a trailing yield of 4.55%, which is above the 4.16% category average. The fund normally distributes its income monthly 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 Short-Term Bd Pl Inst Grades
Year to date, the fund has returned 1.3%, 0.4 percentage points better than the category, which translates into a grade of A. The fund has returned 3.8% over the past year (grade of B), 5.4% over the past three years (grade of B) and 2.7% per year over the past five years (grade of B) and 2.7% per year over the past 10 years (grade of B).
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SSHIX 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 |
|
| SSHIX Return (NAV) | 0.0% | 0.5% | 3.8% | 5.4% | 2.7% | 2.7% |
| SSHIX Grade | C | B | B | B | B | B |
| +/- Category | 0.1% | 0.2% | 0.3% | 0.4% | 0.4% | 0.4% |
| Short-Term Bond Avg | -0.0% | 0.3% | 3.4% | 5.0% | 2.2% | 2.3% |
| SSHIX Tax Cost Ratio | na | na | 1.8% | 1.8% | 1.5% | 1.2% |
SSHIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SSHIX Return (NAV) | 1.3% | 5.9% | 5.4% | 6.2% | -4.6% | 0.2% | 6.1% | 4.8% | 1.4% | 1.3% | 2.2% |
| SSHIX Grade | A | B | B | B | C | B | A | C | A | D | C |
| +/- Category | 0.4% | 0.1% | 0.5% | 0.6% | 0.4% | 0.2% | 1.9% | 0.0% | 0.7% | -0.5% | -0.4% |
| Short-Term Bond Avg | 0.9% | 5.9% | 4.9% | 5.6% | -5.0% | -0.0% | 4.2% | 4.8% | 0.7% | 1.9% | 2.5% |
| Risk Measures | |
| Standard Deviation: | 1.7% |
| Total Risk Index: | 0.14 - Low |
| Category Risk Index: | 0.87 - Average |
| Category Risk Grade: | C (52% Rank) |
| Beta: | 0.28 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 4.6% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $785 Mil |
| Fund Total Assets: | $ 648 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 182% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 15.8 years | |||
| Average Tenure: 8.1 years | |||
| Managers (Year): Kauffman Christopher (2010), Wise Noah (2013), Schueller Michael (2019), Rilling Janet (2020), Stanczyk Michal (2021), Harrison Sarah (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 383 |
| % in Top 10 Holdings: | 24.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 15.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 75.6% |
| Foreign Bond: | 15.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 8.7% |
Purchase Information
| Fund Family: | Allspring Global Investments |
| Phone Number: | 800-222-8222 |
| Website: | www.allspringglobal.com |
| Status: | Open |
| Inception Date: | August 31, 1999 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.30% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.66% |
| Share Class: | Allspring Short-Term Bd Pl Inst |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
