Fund Evaluator:

Allspring Spectrum Moderate Gr Instl Overview

Allspring Spectrum Moderate Gr Instl (WGBIX) is an actively managed Allocation Global Moderate Allocation fund. Allspring Global Investments launched the fund in 2018.

The investment seeks a combination of capital appreciation and current income. The fund is a fund-of-funds that invests in various affiliated and unaffiliated mutual funds and exchange-traded funds ("underlying funds") to pursue its investment objective. It seeks to achieve the fund's investment objective by allocating up to 55% of its assets to stock funds, up to 45% of its assets to bond funds, up to 25% of its assets to inflation sensitive funds and up to 15% of its assets to alternative investment funds.

About Allspring Spectrum Moderate Gr Instl (WGBIX)

There are 4 members of the management team with an average tenure of 2.20 years: Petros Bocray (2022), Randy Rennicke (2025), Rushabh Amin (2025), David Kowalske (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 6 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 26%, Russell 3000 TR USD index with a weighting of 32%, ICE BofA US HY Constnd TR USD index with a weighting of 14%, Bloomberg US Treasury US TIPS TR USD index with a weighting of 14%, MSCI ACWI Ex USA NR USD index with a weighting of 14% and Russell 3000 TR USD index with a weighting of 100%. Allspring Spectrum Moderate Gr Instl has 39 securities in its portfolio. The top 10 holdings constitute 85.2% 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 Spectrum Moderate Gr Instl is part of the Allocation global asset class and is within the Allocation fund group. Allspring Spectrum Moderate Gr Instl has 47.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 23.3%. There is 17.1% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 47.1% (17.1% domestic bond, 30.1% foreign bond and 0.0% convertible bond). Allspring Spectrum Moderate Gr Instl has 12.1% of the portfolio in cash.

Assets Under Management

The fund has $67 million in total assets, which is below the $959 million average for the Global Moderate 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.

WGBIX 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 Spectrum Moderate Gr Instl expense ratio is above average compared to funds in the Global Moderate Allocation category. Allspring Spectrum Moderate Gr Instl has an expense ratio of 0.71%, which is 32% lower than its category average, making the fund expense ratio grade a B. 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 Spectrum Moderate Gr Instl has a portfolio turnover rate of 47%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 65% for the Global Moderate Allocation category.

Recently, in the month of August 2026, Allspring Spectrum Moderate Gr Instl returned 2.9%, which earned it a grade of A, as the Global Moderate Allocation category had an average return of 1.6%. 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 Spectrum Moderate Gr Instl has a trailing yield of 3.08%, which is above the 2.59% 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 Spectrum Moderate Gr Instl Grades

Year to date, the fund has returned 10.4%, 0.6 percentage points better than the category, which translates into a grade of B. The fund has returned 16.2% over the past year (grade of B), 13.7% over the past three years (grade of B) and 6.5% per year over the past five years (grade of B) and 8.4% per year over the past 10 years (grade of A).

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