About SGVIX
Allspring Government Securities Fund – Class Institutional is a mutual fund designed to provide investors with current income by primarily investing in U.S. government obligations. The fund allocates at least 80% of its net assets to securities such as Treasury notes, bonds, and repurchase agreements backed by U.S. government or agency collateral, resulting in a portfolio with minimized credit risk due to government backing. Its holdings span a range of maturities, focusing on the intermediate government bond sector, which generally implies durations between 3.5 and 6 years. The fund is managed by a team utilizing a diversified strategy across various government-backed instruments, including Treasury securities and agency mortgage-backed securities. By concentrating on highly liquid, low-risk assets, the fund serves as a cornerstone for investors seeking stability, capital preservation, and steady income, often appealing to institutional investors and retirement plans. It is notable for its cost efficiency, ranking in a low fee quintile among comparable funds, and its risk/return characteristics closely reflect benchmark indexes for U.S. government intermediate bonds, making it a significant option within the conservative fixed income segment of the financial markets.
Fund Family Allspring Global Investments
Category Intermediate Government
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol SGVIX
Share Class Institutional Class
Index Bloomberg U.S. Aggregate ex Credit TR
SGVIX had a total return of 2.59% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.65%.
