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Launched

Allspring SMID Core ETF

ASCENYSE ArcaAllspringB

$32.44+0.02 (+0.06%)

As of Nov 2, 2026, 3:59 PM ET

B64/ 100

Rank 8 of 47 in US Active Small/Mid-Cap

B64/100Rank 8 of 47inUS Active Small/Mid-Cap
Intraday session: up, 79 prints from 32.42 to 32.44. Range 32.44 to 32.90. Use the arrow keys to read each point.32.5032.6032.7032.8032.9010 AM12 PM2 PM4 PM
Expense ratio
0.38%
Fund size
$348M
1Y total return
+23.6%
Yield · Last 12 months
No data
Holdings
54
Avg volume · 30D
163K sh
52W range
low $24.65high $36.31
Launched

The ETF.net ASCE Grade

Based on 5 of 6 pillars

B

Score 64 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
8 of 47
Six-pillar profile for ASCE. Scores out of 100: Cost 76, Risk 46, Mission not scored, Tradability 79, Holdings 42, Durability 59. Strongest: Tradability (79). Weakest: Holdings (42). Based on 5 of 6 pillars.

Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A76 out of 100
    Rank 11 of 47

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 24 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A79 out of 100
    Rank 5 of 47

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C42 out of 100
    Rank 36 of 47

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 17 of 47

Our read on ASCE

ETF.net Research

In short

BActive stock picking aimed at the part of the US market most active core ETFs skip: small and mid caps. Allspring launched it in 2025 with a plain mandate (US equities, long-term capital appreciation) and a fee under half a percent.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  • 0.38% a year, well below the 0.65% median for active US equity ETFs. Active management without the traditional active markup.
  • The SMID mandate is the separator. The top-scoring active US equity ETFs (DFAU, DFAC, AVLC, FELC) are large-cap and total-market builds; this one works the smaller end.
  • No riddle to decode: the prospectus mandate is US companies, equity securities, long-term capital appreciation. What you see is what the manager is hunting.
  • Despite the short life, it already stands in the upper tier of the active US equity ETF field on our overall read of cost, holdings and tradability.

Worth knowing

  • It opened in July 2025, so there is barely a track record to judge. Any risk read here rests on a thin slice of history.
  • Small asset base and moderate turnover mean spreads can be wider than on mega-funds, and trading costs weigh more on small orders.
  • Distributions come once or twice a year. This is built for capital appreciation, not a paycheck.

ASCE Holdings

Holdings pillarC42 out of 100Rank 36 of 47 in US Active Small/Mid-Cap
Asset class
Stocks
Holdings
54
Top-10 weight
27%
Largest holding
AMRX3.2%

Geography

  • United States98.65%
  • Switzerland1.35%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1AMRXAmneal Pharmaceuticals, Inc. Class A3.23%536,746$11.5M136
2EXELExelixis, Inc.3.19%170,725$11.3M251
3EXLSExlService Holdings, Inc.2.76%237,729$9.78M157
4TKTeekay Corporation Ltd2.72%648,188$9.66M66
5CHRDChord Energy Corporation2.66%61,358$9.43M203
6SNSharkNinja, Inc.2.66%45,056$9.42M188
7UHSUniversal Health Services, Inc. Class B2.52%50,663$8.95M237
8SAICScience Applications International Corp.2.46%57,793$8.72M171
9ANFAbercrombie & Fitch Co. Class A2.32%49,701$8.24M183
10MDPediatrix Medical Group, Inc.2.32%282,138$8.23M131
11CUBICustomers Bancorp, Inc.2.29%93,027$8.14M117
12URBNUrban Outfitters, Inc.2.29%88,037$8.12M156
13SKYWSkyWest, Inc2.28%83,812$8.09M131
14XHRXenia Hotels & Resorts, Inc.2.27%387,879$8.04M118
15NFGNational Fuel Gas Company2.23%99,757$7.92M168

Showing 1–15 of 54 holdings

ASCE Performance

Launched Jul 7, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
ASCE$12,362
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ASCE $12,362. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ASCE. Periods over one year show the average yearly return.
PeriodASCE
Year to date+20.8%
1 month−1.0%
3 months−4.9%
1 year+23.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ASCE
YearReturn barASCE
2026 YTD+20.8%
2025+8.6%

History from Jul 8, 2025

ASCE in the news

ASCE Dividends

Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 22, 2025 $0.06. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 24, 2025$0.06

$10,000 in ASCE 1 year ago paid $22.11 in dividends.

ASCE Risk

Risk pillarC46 out of 100Rank 24 of 44 in US Active Small/Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
15.5%
Annualised · 15 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.22
vs 3-month T-bills · 15 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−9.2%
15 months · trough Nov 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.71
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ASCE Cost

Compare ASCE and AVMC

Overpaying vs AVMC, cheapest in US Active Small/Mid-Cap

$3,957

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ASCE 0.38%

    $7,706

  • AVMC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • ASCE 0.38%
  • AVMC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530ASCE $7,706AVMC $3,749

Year by year

YearASCEAVMCOverpaying
10$688$328$360
20$2,658$1,281$1,377
30$7,706$3,749$3,957

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