About WRPIX
The Allspring Alternative Risk Premia Fund Institutional Class is an alternative mutual fund designed to deliver diversified returns that show low correlation to traditional asset classes such as equities, bonds, and commodities. Its primary purpose is to harness alternative risk premia—compensations for bearing specific, non-traditional risks—by investing systematically in factors like value, momentum, and carry. The fund employs a long/short strategy across a wide spectrum of global asset classes, seeking to exploit inefficiencies driven by behavioral biases, structural constraints, or risk compensation mechanisms. Its multi-strategy approach provides exposure to equities, fixed income, currencies, and commodities, aiming to generate a robust return profile while reducing dependence on equity or bond markets. The fund is managed by a team with strong academic and practical expertise, using a disciplined investment process and multi-layered risk management to identify unintended exposures and respond to changing market environments. It plays a distinctive role as a diversifier within institutional and sophisticated investor portfolios, offering transparent and liquid access to alternative beta sources typically accessed by larger, more complex strategies.
Fund Family Allspring Global Investments
Category Multistrategy
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol WRPIX
Share Class Institutional Class
Index ICE BofA US 3-Month T Bill TR IX
WRPIX had a total return of 14.47% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.87%.
