ASCE - ETF AI Analysis

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Allspring SMID Core ETF (ASCE)

Rating:72Outperform

Price Target:―

ASCE, the Allspring SMID Core ETF, has an overall rating that suggests it is a solid but not flawless choice, supported by several strong, growing companies. Standout holdings like Fabrinet and Exelixis help lift the fund’s quality through strong financial performance, positive earnings outlooks, and solid business pipelines, while names like Powell Industries, Willdan Group, and Carpenter Technology add further strength despite some valuation concerns. On the weaker side, Amneal Pharmaceuticals and Century Aluminum introduce risks related to profitability, cash flow, and potential overvaluation, and investors should also note that several holdings show signs of being priced aggressively, which could increase volatility.

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)

AUM46.44M

RegionNorth America

Expense Ratio0.38%

Beta1.32

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. Volume16,447

30 Day Avg. Volume13,096

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

33.00

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 is leaning hard into U.S. small and mid-cap industrial and materials names, with stocks like Powell Industries, Century Aluminum, and Coeur Mining doing much of the heavy lifting as they’ve been steadily rising on solid earnings and upbeat outlooks. Willdan Group and Fabrinet add to the momentum with more mixed but generally positive trends. On the softer side, EMCOR looks a bit tired after a strong run, and Exelixis has been more of a sideways passenger than a driver. Overall, the fund is U.S.-centric and tilted toward cyclical, value-oriented growers.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
POWL	Powell Industries	4.02%	$1.87M	$7.20B	177.86%	76 Outperform
CENX	Century Aluminum	3.25%	$1.51M	$4.64B	137.34%	61 Neutral
EME	EMCOR Group	2.97%	$1.38M	$35.05B	83.66%	73 Outperform
CRS	Carpenter Technology	2.92%	$1.36M	$18.33B	95.28%	75 Outperform
DOCN	DigitalOcean Holdings	2.92%	$1.36M	$5.84B	43.29%	73 Outperform
AMRX	Amneal Pharmaceuticals	2.80%	$1.31M	$4.60B	89.26%	58 Neutral
SNEX	StoneX Group	2.78%	$1.29M	$6.56B	59.86%	58 Neutral
CDE	Coeur Mining	2.71%	$1.26M	$13.45B	216.79%	69 Neutral
AAMI	Acadian Asset Management	2.55%	$1.19M	$1.87B	103.62%	66 Neutral
BLBD	Blue Bird	2.54%	$1.18M	$1.77B	53.95%	69 Neutral

ASCE Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

27.93

Positive

100DMA

26.98

Positive

200DMA

Market Momentum

MACD

0.20

Positive

RSI

49.53

Neutral

STOCH

60.78

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ASCE, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 28.49, equal to the 50-day MA of 27.93, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 0.20 indicates Positive momentum. The RSI at 49.53 is Neutral, neither overbought nor oversold. The STOCH value of 60.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ASCE.

ASCE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
ASCE	―	―	$46.44M	0.38%	―
OASC	―	―	$72.72M	0.69%	―
SMOX	―	―	$56.47M	0.75%	―
HSMV	―	―	$30.44M	0.80%	―
MYLD	―	―	$28.48M	1.09%	―
SAEF	―	―	$25.46M	0.59%	―

Performance Comparison

ASCE

Allspring SMID Core ETF

28.25

3.43

13.82%

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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