Allspring SMID Core ETF
$32.99−0.02 (−0.06%)
- 0.38%
- $256M
- +31.4%
- 0.1M sh
- $33.25
- low $24.65high $36.31
The ETF.net ASCE Grade
B
Score 68 out of 100
- 8 of 48
Score 68 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.A77 out of 100Rank 11 of 48Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B61 out of 100Rank 18 of 44Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A77 out of 100Rank 4 of 48Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C49 out of 100Rank 30 of 48Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 25 of 48
Our read on ASCE
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.
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
- Stocks
- 54
- 25%
- AMRX
Geography
- United States97.21%
- Bermuda2.79%
ASCE Performance
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$13,137
Returns run to the Oct 12, 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.
| Period | ASCE |
|---|---|
| Year to date | +23.0% |
| 1 month | −4.0% |
| 3 months | −3.2% |
| 1 year | +31.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ASCE |
|---|---|---|
| 2026 YTD | +23.0% | |
| 2025 | +8.6% |
ASCE in the news
ASCE Dividends
- $0.06 per share
- Irregular
Distribution data unavailable.
Distribution history
ASCE Risk
- 15.9%
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.
- 1.36
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.
- −9.2%
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.
- 0.71
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
0.38%
ASCE0.38%
- The middle half of US Active Small/Mid-Cap funds
- Median 0.59%
10 of the 47 US Active Small/Mid-Cap funds charge less.
Other funds in US Active Small/Mid-Cap
- AREMCColumbia Research Enhanced Mid Cap ETFExpense ratio 0.32%1 year return —
- BSMDXIntech S&P Small-Mid Cap Diversified Alpha ETFExpense ratio 0.35%1 year return +19.8%
- BMCDSJPMorgan Fundamental Data Science Mid Core ETFExpense ratio 0.35%1 year return +19.5%
- BCGMMCapital Group U.S. Small and Mid Cap ETFExpense ratio 0.51%1 year return +14.8%
- BFFSMFidelity Fundamental Small-Mid Cap ETFExpense ratio 0.43%1 year return +21.1%