Fund Evaluator:

Allspring Absolute Return R6 Overview

Allspring Absolute Return R6 (WARRX) is an actively managed Allocation Tactical Allocation fund. Allspring Global Investments launched the fund in 2014.

The investment seeks a positive total return. Under normal circumstances, fund invests up to 60% of the fund’s total assets in U.S. and non-U.S. equity, including emerging market equity funds, up to 60% of the fund’s total assets in U.S. and non-U.S. fixed income, including emerging market debt funds; and up to 60% of the fund’s total assets in alternative investment funds. The fund is a fund-of-funds that employs a multi-asset, multi-style investment approach by investing in various affiliated mutual funds as well as affiliated and unaffiliated exchange-traded funds.

About Allspring Absolute Return R6 (WARRX)

There are 4 members of the management team with an average tenure of 2.03 years: Matthias Scheiber (2024), Petros Bocray (2024), Rushabh Amin (2024), David Kowalske (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 4 primary benchmarks: Bloomberg US TIPS TR USD index with a weighting of 35%, Bloomberg Global Aggregate TR Hdg USD index with a weighting of 30%, MSCI ACWI NR USD index with a weighting of 35% and MSCI ACWI NR USD index with a weighting of 100%. Allspring Absolute Return R6 has 8 securities in its portfolio. The top 10 holdings constitute 100.0% 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 Absolute Return R6 is part of the Allocation global asset class and is within the Allocation fund group. Allspring Absolute Return R6 has 14.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 11.9%. There is 13.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 26.1% (24.6% domestic bond, 1.6% foreign bond and 0.0% convertible bond). Allspring Absolute Return R6 has 35.7% of the portfolio in cash.

Assets Under Management

The fund has $34 million in total assets, which is below the $222 million average for the Tactical Allocation 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.

WARRX 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 Absolute Return R6 expense ratio is above average compared to funds in the Tactical Allocation category. Allspring Absolute Return R6 has an expense ratio of 0.77%, which is 56% 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 Absolute Return R6 has a portfolio turnover rate of 38%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.

Recently, in the month of July 2026, Allspring Absolute Return R6 returned -0.9%, which earned it a grade of D, as the Tactical Allocation category had an average return of -0.9%. 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 Absolute Return R6 has a trailing yield of 2.16%, which is below the 2.86% 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 Absolute Return R6 Grades

Year to date, the fund has returned 12.7%, 4.3 percentage points better than the category, which translates into a grade of A. The fund has returned 22.4% over the past year (grade of A), 10.8% over the past three years (grade of C) and 7.4% per year over the past five years (grade of B) and 5.4% per year over the past 10 years (grade of D).

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