Allspring Government Securities Fund – Class Institutional is a mutual fund designed to provide investors with current income by primarily investing in U.S. government obligations. The fund allocates at least 80% of its net assets to securities such as Treasury notes, bonds, and repurchase agreements backed by U.S. government or agency collateral, resulting in a portfolio with minimized credit risk due to government backing. Its holdings span a range of maturities, focusing on the intermediate government bond sector, which generally implies durations between 3.5 and 6 years. The fund is managed by a team utilizing a diversified strategy across various government-backed instruments, including Treasury securities and agency mortgage-backed securities. By concentrating on highly liquid, low-risk assets, the fund serves as a cornerstone for investors seeking stability, capital preservation, and steady income, often appealing to institutional investors and retirement plans. It is notable for its cost efficiency, ranking in a low fee quintile among comparable funds, and its risk/return characteristics closely reflect benchmark indexes for U.S. government intermediate bonds, making it a significant option within the conservative fixed income segment of the financial markets.
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