Fund Evaluator:
Allspring Managed Acct CoreBuilder® M (WFCMX)
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Best Performing in Miscellaneous Fixed Income Over the Last Year
| 8.7% | AB Impact Municipal Income (ABIMX) |
| 7.5% | Allspring Managed Acct CoreBuilder® M (WFCMX) |
| 7.2% | Western Asset SMASh Series C (LMLCX) |
| 7.1% | PIMCO Fixed Income SHares C (FXICX) |
| 5.7% | BlackRock Allc Trgt Sctzd TR (BATAX) |
Fund Details
Allspring Managed Acct CoreBuilder® M Overview
Allspring Managed Acct CoreBuilder® M (WFCMX) is an actively managed Taxable Bond Miscellaneous Fixed Income fund. Allspring Global Investments launched the fund in 2008.
The investment seeks total return, consisting of current income and capital appreciation. The fund invests at least 60% of its net assets in municipal securities that pay interest exempt from federal income tax, but not necessarily the federal alternative minimum tax; up to 40% of its net assets in municipal securities that pay interest subject to federal AMT; up to 40% of its total assets in below investment-grade municipal securities; up to 20% of its total assets in inverse floaters; and up to 10% of its net assets in corporate debt securities.
About Allspring Managed Acct CoreBuilder® M (WFCMX)
There are 3 members of the management team with an average tenure of 10.74 years: Robert Miller (2008), Nicholos Venditti (2020), Adrian Van Poppel (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg Municipal TR USD index with a weighting of 100%. Allspring Managed Acct CoreBuilder® M has 472 securities in its portfolio. The top 10 holdings constitute 7.9% 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 Managed Acct CoreBuilder® M is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Allspring Managed Acct CoreBuilder® M has 0.2% 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 99.4% (99.3% domestic bond, 0.2% foreign bond and 0.0% convertible bond). Allspring Managed Acct CoreBuilder® M has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $819 million in total assets, which is above the $732 million average for the Miscellaneous Fixed Income 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.
WFCMX 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 Managed Acct CoreBuilder® M expense ratio is low compared to funds in the Miscellaneous Fixed Income category. Allspring Managed Acct CoreBuilder® M has an expense ratio of 0.00%, which is 100% 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 Managed Acct CoreBuilder® M has a portfolio turnover rate of 11%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 120% for the Miscellaneous Fixed Income category.
Recently, in the month of June 2026, Allspring Managed Acct CoreBuilder® M returned 0.8%, which earned it a grade of B, as the Miscellaneous Fixed Income category had an average return of 0.5%. 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 Managed Acct CoreBuilder® M has a trailing yield of 4.01%, which is below the 5.96% category average. The fund normally distributes its income monthly and its capital gains semi-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 Managed Acct CoreBuilder® M Grades
Year to date, the fund has returned 2.9%, 0.7 percentage points better than the category, which translates into a grade of B. The fund has returned 7.5% over the past year (grade of B), 4.7% over the past three years (grade of F) and 1.8% per year over the past five years (grade of C) and 2.8% per year over the past 10 years (grade of D).
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WFCMX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WFCMX Return (NAV) | 0.8% | 2.5% | 7.5% | 4.7% | 1.8% | 2.8% |
| WFCMX Grade | B | B | B | F | C | D |
| +/- Category | 0.3% | 0.6% | 0.9% | -2.5% | -0.3% | -0.3% |
| Miscellaneous Fixed Income Avg | 0.5% | 1.9% | 6.5% | 7.2% | 2.1% | 3.1% |
| WFCMX Tax Cost Ratio | na | na | 1.6% | 1.5% | 1.3% | 1.1% |
WFCMX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WFCMX Return (NAV) | 2.9% | 4.1% | 3.5% | 6.7% | -8.4% | 2.7% | 4.2% | 8.4% | 2.6% | 7.0% | -0.8% |
| WFCMX Grade | B | F | D | D | B | B | D | C | A | B | F |
| +/- Category | 0.7% | -3.7% | -2.8% | -2.1% | 2.2% | 0.6% | -2.0% | -0.6% | 2.3% | 2.0% | -5.0% |
| Miscellaneous Fixed Income Avg | 2.1% | 7.9% | 6.3% | 8.8% | -10.6% | 2.2% | 6.2% | 9.0% | 0.4% | 5.0% | 4.3% |
| Risk Measures | |
| Standard Deviation: | 5.1% |
| Total Risk Index: | 0.42 - Low |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (46% Rank) |
| Beta: | 0.76 |
| R-Squared: | 68% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $819 Mil |
| Fund Total Assets: | $ 819 Mil |
| Share Class Type: | M |
| Portfolio Turnover: | 11% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 18.2 years | |||
| Average Tenure: 10.7 years | |||
| Managers (Year): Miller Robert (2008), Van Poppel Adrian (2018), Venditti Nicholos (2020) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 472 |
| % in Top 10 Holdings: | 7.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.3% |
| Foreign Bond: | 0.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | Allspring Global Investments |
| Phone Number: | 888-877-9275 |
| Website: | www.allspringglobal.com |
| Status: | Open |
| Inception Date: | April 14, 2008 |
| Min. Initial Purchase: | $ 0 |
| 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 (%): | 0.00% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.28% |
| Share Class: | Allspring Managed Acct CoreBuilder® M |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
