Growth Or Value? Allspring's New ETFs Offer Both

With increased market volatility comes a revived interest in portfolio diversification. Allspring Global Investments took a chance to introduce two newly launched actively managed ETFs: the Allspring LT Large Cap Growth ETF AGRW and the Allspring Special Large Value ETF ASLV.

The funds are designed to grant investors direct access to mispriced stocks and value ideas in the large-cap universe to meet the immediate needs of the current market.

Allspring Global Head of Product Development and Innovation Rick Genoni said, “After a long period when the stock market was dominated by a handful of large tech companies, we see financial advisors and their clients growing increasingly interested in efficiently diversifying their equity market exposure through active portfolio management. We think these strategies in this format were made for this moment.”  

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Both ETFs have an expense ratio of 0.35%, providing cost-effective access to actively managed large-cap strategies.

AGRW seeks to find mispriced large-cap U.S. equities within the S&P 500 Index through a bottom-up, research-based approach. The fund seeks to obtain a concentrated portfolio of approximately 50 securities via an in-house valuation model.

Conversely, ASLV uses a value investing approach. It seeks high-quality companies trading at less than their intrinsic value in the Russell 1000 Index, with the ability to invest up to 20% in foreign stocks, including American depositary receipts. The fund holds between 30 to 50 stocks, with an emphasis on companies that have good management and flexible balance sheets.

Though both the funds invest in large-cap stocks, AGRW’s investment universe is comprised of S&P 500 Index constituents, while ASLV holds against the Russell 1000 Index.

Allspring’s recent action underscores its push to grow its ETF offerings. After introducing three fixed-income ETFs in December 2024 — the Allspring Broad Market Core Bond ETF AFIX, the Allspring Income Plus ETF AINP and the Allspring Core Plus ETF APLU — the firm now oversees nearly $590 million in ETF assets, wrote etftrends.com. The new equity funds further increase Allspring’s product slate, giving investors more tools to ride out the changing market landscape.

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