AFIX

Allspring Broad Market Core Bond ETF

$25.30

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The Allspring Broad Market Core Bond ETF seeks to provide current income and capital preservation by tracking the performance of the Bloomberg U.S. Aggregate Bond Index, a broad-based index that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market.

Overview

ETF tracking Allspring Broad Market Core Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2024-12-05

Market Cap $179.6M

Average Volume N/A

Dividend Yield 3.66%

52-Week Range $24.23 - $25.59

VWAP $25.32

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests primarily in a diversified portfolio of investment-grade fixed-income securities, including U.S. government bonds, corporate bonds, and mortgage-backed securities, in an effort to replicate the performance of the benchmark index.

✨ Key Features

Broad exposure to the U.S. investment-grade bond market
Low-cost, passively managed index-tracking strategy
Diversified portfolio across various fixed-income sectors
Potential for steady income and moderate capital appreciation

⚠️ Primary Risks

Interest rate risk: Bond prices may decline as interest rates rise
Credit risk: Issuers may default on their debt obligations
Liquidity risk: Difficulty in buying or selling certain bonds
Tracking error risk: The fund may not perfectly replicate the index performance

👤 Best For

This ETF may be suitable for investors seeking broad exposure to the U.S. investment-grade bond market, with a focus on current income and capital preservation. It may be appropriate for investors with a moderate risk tolerance and a medium-term investment horizon.