- What does ASCE invest in?
- The Allspring SMID Core ETF (ASCE) is an actively managed fund primarily focused on investing in equity securities of small and medium-sized U.S. companies, generally aligning with the constituents of the Russell 2500 Index. Up to one-fifth (20%) of its total assets may be directed towards foreign companies operating in developed markets, including American Depositary Receipts (ADRs). The fund's investment strategy integrates sophisticated quantitative analysis with in-depth qualitative evaluation. This dual approach aims to identify businesses that are believed to be undervalued and possess strong prospects for future earnings growth. The quantitative component utilizes a proprietary alpha model to systematically rank securities based on valuation metrics, financial quality, and price momentum. Conversely, the qualitative assessment delves into factors such as management capabilities, product innovation, competitive positioning, and inherent business risks. ASCE maintains a concentrated portfolio, typically comprising around 50 holdings, diversified across various key sectors. A specific ethical screen is applied, as the fund avoids investing in issuers with significant operations in the alcohol, gaming, or tobacco sectors. For liquidity purposes or during periods requiring a defensive stance, the fund may also hold cash or money market instruments, which could temporarily influence its primary investment objectives.
- What is the expense ratio of ASCE?
- Allspring SMID Core ETF (ASCE) charges an expense ratio of 0.38%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is ASCE?
- Allspring SMID Core ETF (ASCE) manages $184.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is ASCE actively managed or an index fund?
- ASCE is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (ASCE's is 0.38%) in exchange for the discretion to over- or under-weight positions.
- When was ASCE launched?
- Allspring SMID Core ETF (ASCE) launched in July 2025 and is managed by Allspring.
- How has ASCE performed?
- ASCE's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
