ASCE - ETF AI Analysis

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Allspring SMID Core ETF (ASCE)

Rating:72Outperform

Price Target:―

ASCE, the Allspring SMID Core ETF, earns a solid overall rating driven by strong contributors like Teekay, which combines attractive valuation, positive technical trends, and stable finances, and Powell Industries, which adds support through a healthy backlog, solid earnings outlook, and shareholder-friendly dividends. The fund is somewhat held back by weaker names such as Amneal Pharmaceuticals and StoneX Group, where profitability, cash flow, and valuation concerns introduce added risk, so investors should be aware that some holdings face financial and operational challenges even within an overall well-positioned portfolio.

Positive Factors

Strong Recent Performance

The ETF has shown solid gains so far this year and over the past few months, indicating positive recent momentum.

Leading Holdings Performing Well

Most of the top positions have delivered strong year-to-date results, helping support the fund’s overall performance.

Broad Sector Diversification

Holdings spread across financials, technology, industrials, health care, and several other sectors help reduce the impact of weakness in any single industry.

Negative Factors

Higher-Than-Index Expense Ratio

The fund’s expense ratio is on the higher side for an ETF, which can modestly reduce net returns over time.

Single-Country Concentration

With almost all assets invested in U.S. companies, the ETF offers little geographic diversification and is heavily tied to the U.S. economy.

Exposure to More Volatile Areas

Meaningful weights in cyclical sectors like financials, industrials, and consumer cyclical, as well as smaller companies, can make the fund more sensitive to economic swings.

ASCE vs. SPDR S&P 500 ETF (SPY)

AUM49.57M

RegionNorth America

Expense Ratio0.38%

Beta1.38

IssuerAllspring

Inception DateJul 08, 2025

Dividend Yield0.21%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume23,449

30 Day Avg. Volume17,461

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

33.80

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering50

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

ASCE Summary

The Allspring SMID Core ETF (ASCE) invests in small and mid-sized U.S. companies, aiming for long-term growth by focusing on the “extended market” beyond the big, well-known large-cap names. It does not track a specific index, but instead selects a mix of stocks across sectors like financials, technology, and industrials. Well-known holdings include EMCOR Group and Exelixis. Someone might invest in ASCE to diversify their portfolio and tap into the growth potential of smaller, underappreciated companies. A key risk is that smaller-company stocks can be more volatile and can go up and down more than the overall market.

How much will it cost me?The Allspring SMID Core ETF (ASCE) has an expense ratio of 0.38%, meaning you’ll pay $3.80 per year for every $1,000 invested. This cost is slightly higher than average for ETFs because it is actively managed, focusing on identifying undervalued opportunities in small to mid-cap stocks. Active management typically involves more research and decision-making, which can increase expenses.

What would affect this ETF?The Allspring SMID Core ETF could benefit from growth in the U.S. economy, particularly in sectors like technology and healthcare, which are among its top exposures. However, it may face challenges if interest rates rise, as smaller companies often have higher borrowing costs, or if economic uncertainty impacts consumer spending and industrial activity. Its focus on undervalued small to mid-cap stocks provides opportunities for growth but also exposes it to higher volatility compared to large-cap investments.

ASCE Top 10 Holdings

ASCE leans into U.S. small and mid-caps, with a noticeable tilt toward industrial and materials names that have been doing the heavy lifting. Powell Industries, Carpenter Technology, and EMCOR Group are all rising, helping drive the fund as industrial demand and infrastructure themes play out. Century Aluminum and Coeur Mining add a more volatile materials flavor but have mostly been supportive rather than stumbling. On the growth side, DigitalOcean is climbing yet a bit wobbly, reflecting the fund’s blend of gritty cyclicals and higher-octane tech in a domestically focused portfolio.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
POWL	Powell Industries	3.68%	$1.82M	$5.87B	196.97%	76 Outperform
CENX	Century Aluminum	3.49%	$1.73M	$5.31B	187.57%	61 Neutral
CRS	Carpenter Technology	3.32%	$1.65M	$19.28B	114.73%	75 Outperform
TK	Teekay	2.98%	$1.48M	$1.05B	83.61%	79 Outperform
FN	Fabrinet	2.85%	$1.41M	$17.53B	152.48%	78 Outperform
EME	EMCOR Group	2.84%	$1.41M	$31.43B	88.04%	73 Outperform
CDE	Coeur Mining	2.78%	$1.38M	$14.54B	306.46%	69 Neutral
SNEX	StoneX Group	2.74%	$1.36M	$5.67B	41.00%	58 Neutral
AAMI	Acadian Asset Management	2.73%	$1.36M	$1.83B	111.14%	66 Neutral
BLBD	Blue Bird	2.62%	$1.30M	$1.73B	61.38%	69 Neutral

ASCE Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

28.30

Negative

100DMA

27.31

Negative

200DMA

Market Momentum

MACD

-0.13

Positive

RSI

35.56

Neutral

STOCH

25.64

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ASCE, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 28.60, equal to the 50-day MA of 28.30, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.13 indicates Positive momentum. The RSI at 35.56 is Neutral, neither overbought nor oversold. The STOCH value of 25.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ASCE.

ASCE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
ASCE	―	―	$49.57M	0.38%	72 Outperform
OASC	―	―	$71.75M	0.69%	70 Neutral
SMOX	―	―	$55.89M	0.75%	73 Outperform
HSMV	―	―	$30.20M	0.80%	71 Outperform
MYLD	―	―	$28.28M	1.09%	67 Neutral
SAEF	―	―	$24.20M	0.59%	67 Neutral

Performance Comparison

ASCE

Allspring SMID Core ETF

27.22

2.40

9.67%

OASC

OneAscent Small Cap Core ETF

―

SMOX

Horizon Small/Mid Cap Core Equity ETF

―

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

―

MYLD

Cambria Micro and SmallCap Shareholder Yield ETF

―

SAEF

Schwab Ariel ESG ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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