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ASCE

GradeBNew York Stock Exchange Arca

Allspring SMID Core ETF

Active Equity · Allspring · Inception 2025-07-07

$33.27−0.61 (−1.80%)

As of Sep 23, 2026, 1:47 PM EDT

History starts Jul 8, 2025.
Intraday session: down, 35 prints from 33.88 to 33.27. Range 33.22 to 33.80. Use the arrow keys to read each point.$33.40$33.60$33.8010 AM12 PM2 PM4 PM
Expense ratio
0.38%
Fund size
$185M
1Y return
+26.3%
Yield · Last 12 months
Data unavailable
Holdings
52
Volume · 30D
0.1M sh
NAV per share
$33.82
52W range
low $24.65high $36.31

The ETF.net ASCE Grade

B

67/ 100

Rank 6 of 48 in US Active Small/Mid-Cap⁠

Confidence Medium

Six-pillar profile for ASCE. Scores out of 100: Cost 77, Risk 54, Mission not scored, Tradability 83, Holdings 47, Durability 48. Strongest: Tradability (83). Weakest: Holdings (47). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 77
    Category rank12/48 · top 25%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank21/44 · top 48%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 83
    Category rank6/48 · top 13%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 47
    Category rank31/48 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 48
    Category rank28/48 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on ASCE

ETF.net Research

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

  1. 010.38% a year, well below the 0.65% median for active US equity ETFs. Active management without the traditional active markup.
  2. 02The 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.
  3. 03No riddle to decode: the prospectus mandate is US companies, equity securities, long-term capital appreciation. What you see is what the manager is hunting.
  4. 04Despite 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

  1. 01It opened in July 2025, so there is barely a track record to judge. Any risk read here rests on a thin slice of history.
  2. 02Small asset base and moderate turnover mean spreads can be wider than on mega-funds, and trading costs weigh more on small orders.
  3. 03Distributions come once or twice a year. This is built for capital appreciation, not a paycheck.

ASCE Holdings

As of Sep 20, 2026, 8:38 AM
Asset class
Stocks
Holdings
52
Top-10 weight
25%
Largest holding
EXEL2.8%

Geography

  • United States97.36%
  • Bermuda2.64%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001EXELExelixis, Inc.2.76%84,887$5M247
002AMRXAmneal Pharmaceuticals, Inc. Class A2.72%266,896$5M129
003TKTeekay Corporation Ltd2.63%322,312$5M67
004UHSUniversal Health Services, Inc. Class B2.54%25,220$5M227
005CHRDChord Energy Corporation2.49%30,518$4M190
006CDECoeur Mining, Inc.2.48%222,850$4M206
007SMTCSemtech Corporation2.43%24,511$4M166
008BLBDBlue Bird Corporation2.34%69,095$4M112
009EXLSExlService Holdings, Inc.2.34%118,224$4M150
010VIRTVirtu Financial, Inc. Class A2.23%69,841$4M156
011SKYWSkyWest, Inc2.22%41,664$4M128
012NFGNational Fuel Gas Company2.21%49,642$4M165
013SAICScience Applications International Corp.2.14%28,752$4M166
014CORTCorcept Therapeutics Incorporated.2.10%32,771$4M147
015SNSharkNinja, Inc.2.08%22,440$4M174

Showing 1–15 of 54 holdings

ASCE Performance

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

ASCE$12,626
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ASCE $12,626. SPY $11,723. Use the arrow keys to read each point.$8,841$11,207$13,574Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+26.3%
1 month−3.0%
3 months−3.8%
1 year+26.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+26.3%
2025+8.6%

History from Jul 8, 2025

ASCE in the news

ETF.net Research hasn’t filed on ASCE yet — coverage lands here as it’s written.

ASCE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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

ASCE Risk

How much the fund’s monthly returns vary, scaled to a year.
14.4%
Annualised · 13 months to Aug 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.
1.99
vs 3-month T-bills · 13 months to Aug 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%
14 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.

ASCE Cost

Expense ratio0.38%
  • The middle half of US Active Small/Mid-Cap funds
  • Median 0.55%

10 of the 47 US Active Small/Mid-Cap funds charge less.

ASCE costs $38.00 a year on $10,000. The median US Active Small/Mid-Cap fund costs $55.00.