About MBFAX
Allspring Core Bond Fund Class A is a mutual fund specializing in intermediate-term, investment-grade fixed income securities. Its primary objective is to seek total return, blending both income generation and capital appreciation, while maintaining a focus on capital preservation and prudent risk management. The fund primarily invests at least 80% of its assets in bonds, emphasizing high-quality, liquid instruments such as government securities, mortgage-backed securities, asset-backed securities (excluding mortgage-backed, up to 25%), and corporate bonds across U.S. and U.S. dollar-denominated foreign issuers.
The investment process is characterized by bottom-up security selection, with rigorous proprietary risk assessment and disciplined portfolio construction to keep overall interest rate sensitivity close to the benchmark Bloomberg U.S. Aggregate Bond Index. The fund aims to provide consistent monthly income distributions and has a track record dating back to 2001. Recognized within the intermediate core bond category, Allspring Core Bond Fund Class A plays a central role for investors seeking broad, diversified access to the fixed income market, making it suitable for building the core of a balanced or conservative portfolio.
Fund Family Allspring Global Investments
Category Intermediate Core Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol MBFAX
Share Class Class A
Index Bloomberg U.S. Aggregate Bond TR
MBFAX had a total return of -2.45% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.14%.
