Allspring Funds Trust - Allspring U.S. Long/Short Equity Fund (ADMQX)
Allspring Funds Trust - Allspring U.S. Long/Short Equity Fund operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Milwaukee, WI, US. The stock last traded at $7.15, up 0.00% on the session, giving a market capitalisation of $24.1M. Its beta of 0.50 implies it has historically moved less than the broad market.
The Allspring U.S. Long/Short Equity Fund strives to generate substantial long-term growth for its investors, alongside an objective to safeguard capital during periods of market downturn. To accomplish these aims, the fund allocates a minimum of 80% of its total net assets (which encompasses any funds borrowed for investment purposes) into a variety of U.S. equity instruments. These investments principally include common stocks, warrants, and rights issued by companies based in the United States, whose shares are primarily listed and traded on major American exchanges. The fund's core strategy involves taking both "long" positions (buying securities expected to increase in value) and "short" positions (selling borrowed securities expected to decrease in value) in publicly traded American equities.
Allspring Funds Trust - Allspring U.S. Long/Short Equity Fund is most often compared with the following Financial Services names: