Latest news with #ASCE
Yahoo
08-07-2025
- Business
- Yahoo
ALLSPRING LAUNCHES ACTIVE EQUITY, MUNI ETFs
ALRG, ASCE, and AUSM join growing suite of ETFs, all based on proven strategies CHARLOTTE, N.C., July 8, 2025 /PRNewswire/ -- Allspring Global Investments™, a global asset management firm with $600 billion* in assets under advisement, today launched a trio of exchange-traded funds (ETFs), providing access to distinctive equity and tax-exempt investment strategies with track records ranging from 10 to nearly 25 years. The Allspring LT Large Core ETF (ALRG), Allspring SMID Core ETF (ASCE), and Allspring Ultra Short Municipal ETF (AUSM) began trading today on the NYSE Arca. "Investors want differentiated strategies for their active management allocation, and these funds meet that expectation," Allspring CEO Kate Burke said. "The LT Large Core and SMID Core equity ETFs both use proprietary investment strategies that have held up across multiple market cycles, in part because they have evolved over time to reflect changing market dynamics. The Ultra Short Municipal ETF is designed with the goal of providing a higher all-in yield compared with taxable alternatives at a time when investors are concerned about falling short-term rates." Managed by Neville Javeri, head of the nine-member Empiric LT Equity team, ALRG is based on a disciplined fundamental investment process anchored by a valuation framework that seeks to exploit price inefficiencies of high-quality companies. Managed by John Campbell and supported by a team of nine investment professionals, ASCE uses a model with over 150 factors to evaluate companies across three primary categories—valuation, quality, and momentum—to generate a shortlist of companies for further qualitative analysis. The Allspring Ultra Short Municipal ETF is led by Nick Venditti, head of Municipal Fixed Income, and a team of 10 portfolio managers who seek to exploit market inefficiencies while employing prudent risk management in the tax-exempt muni sector. The expense ratios for ALRG, ASCE, and AUSM are 0.28%, 0.38%, and 0.18%, respectively. "All three of these strategies were selected based on a deep assessment of client needs, Allspring's capabilities, and the broader market opportunity. I'm particularly excited we can bring one to market that can serve as an attractive cash alternative," said Rick Genoni, global head of Product Development and Innovation and leader of Allspring's ETF initiative. "'AUSM' only begins to describe a product that can deliver after-tax yields that may compare favorably with many alternative short-term fixed income options." This is Allspring's third group of actively managed ETFs launched since late 2024: Allspring Broad Market Core Bond ETF (AFIX), Allspring Core Plus ETF (APLU), Allspring Income Plus ETF (AINP), Allspring Special Large Value ETF (ASLV), and Allspring LT Large Growth ETF (AGRW). About Allspring Allspring Global Investments™ is an independent asset management firm with more than $600 billion in assets under advisement*, over 20 offices globally, and investment teams supported by 390+ investment professionals. Allspring is committed to thoughtful investing, purposeful planning, and inspiring a new era of investing that pursues both financial returns and positive outcomes. For more information, please visit *As of March 31, 2025. Figures include discretionary and non-discretionary assets. Learn more about Allspring's ETFs at This communication is not an offer to sell this security and is not a solicitation to buy this security in any state where the offer or sale is not permitted. Investors are advised to carefully consider the investment objectives, risks, charges, and expenses of an ETF before investing. The prospectus and the summary prospectus for each ETF contains this and other important information about the ETFs and is available at Please read these documents carefully before investing. Allspring ETFs are not available for distribution outside of the United States. It is possible that an active trading market for ETF shares will not develop, which may hurt your ability to buy or sell shares, particularly in times of market stress. Shares may trade at a premium or discount to their net asset value (NAV) in the secondary market. These variations may be greater when markets are volatile or subject to unusual conditions. There can be no assurance that active trading markets for the shares will develop or be maintained by market makers or authorized participants. Shares of the ETFs are not redeemable with the ETF other than in creation unit aggregations. Instead, investors must buy or sell the ETF shares in the secondary market at market price (not NAV) through a broker-dealer. In doing so, the investor may incur brokerage commissions and may pay more than NAV when buying and may receive less than NAV when selling. Investing involves risk, including the possible loss of principal. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. Changes in market conditions and government policies may lead to periods of heightened volatility in the bond market and reduced liquidity for certain bonds held by the fund. In general, when interest rates rise, bond values fall and investors may lose principal value. Interest rate changes and their impact on the fund and its share price can be sudden and unpredictable. High yield securities and junk bonds have a greater risk of default and tend to be more volatile than higher-rated securities with similar maturities. Mortgage- and asset-backed securities may decline in value and become less liquid when defaults on the underlying mortgages or assets occur and may become volatile in periods of rising interest rates. Foreign investments are especially volatile and can rise or fall dramatically due to differences in the political and economic conditions of the host country. These risks are generally intensified in emerging markets. Consult the fund's prospectus for additional information on these and other risks. Allspring Global Investments (Allspring) is the trade name for the asset management companies of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include but are not limited to Allspring Global Investments, LLC; Allspring Funds Management, LLC; and Galliard Capital Management. Certain products managed by Allspring entities are distributed by Allspring Funds Distributor, LLC (a broker-dealer and Member FINRA/SIPC). ALL-06242025-svnzraph. © 2025 Allspring Global Investments Holdings, LLC. All rights reserved. View original content to download multimedia: SOURCE Allspring Global Investments Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Science
- Yahoo
HL
LAWRENCE, Kan., July 3, 2025 /PRNewswire/ -- Prominently featured in The Inner Circle, Steven L. McCabe, PhD is acknowledged as a Pinnacle Lifetime Member for his contributions in Leading Government Engineering Efforts. Steven L. McCabe, PhD, brings decades of expertise in engineering, particularly in earthquake hazard reduction efforts, to his role as Director, Disaster Impact Reduction Office at the National Institute of Standards and Technology (NIST). With a robust academic background including a Doctor of Philosophy in civil engineering from the University of Illinois Urbana-Champaign, Dr. McCabe has been instrumental in managing critical national programs such as the National Windstorm Impact Reduction Program (NWIRP) and the National Earthquake Hazards Reduction Program (NEHRP). His leadership extends to disaster and failure studies, enhancing building safety standards against natural disasters. Dr. McCabe's career is marked by significant contributions to earthquake hazard reduction and leadership roles in both academic and governmental sectors. He is a Licensed Professional Engineer in Kansas and Colorado, affiliated with professional organizations including ASCE, ASME, ACI, and EERI. Beyond his professional endeavors, Dr. McCabe actively participates in local community and charitable initiatives. With his wife Annie by his side, Dr. McCabe enjoys spectator sports and has a fondness for dogs. He attributes much of his career success to the guidance of his mentor, Dr. William J. Hall. Looking forward, Dr. McCabe is committed to ensuring the reauthorization and adequate funding of statutory programs under his leadership at NIST. His future projections include further enhancing building safety standards to mitigate natural disaster risks, reflecting his ongoing dedication to engineering excellence and public safety. Contact: Katherine Green, 516-825-5634, editorialteam@ View original content: SOURCE The Inner Circle
Business Journals
01-07-2025
- Business
- Business Journals
Missouri American Water keeps quality on tap
Missouri American Water has continued providing clean, safe, reliable and affordable water and wastewater service since 1886. With nearly 140 years of experience, the company has become a leader in the water and wastewater industry. Serving approximately 1.6 million Missourians, we strictly follow regulations that are set by local authorities as well as federal standards set by the United States Environmental Protection Agency (USEPA). We understand how important water and wastewater service is to daily life. When you need it, you expect it to be there. Water quality For 22 years, six of our treatment plants have been recognized with the Directors Award from the Partnership for Safe Water, a voluntary initiative developed by six prestigious drinking water organizations, including the U.S. Environmental Protection Agency. For a second year in a row, Missouri American Water has won the Drinking Water Taste Test award at the joint MO-AWWA/MWEA conference. The company's Water Quality Reports are published online and are updated each spring. expand Investing in aging infrastructure Recently released grades from the American Society of Civil Engineers (ASCE) 2025 Report Card for America's Infrastructure, a comprehensive assessment of the nation's 18 major infrastructure categories, paint a grim and stagnant picture for water and wastewater systems across the U.S. Drinking water infrastructure received a grade of C-, while wastewater infrastructure earned a D+. These grades haven't changed or improved in the four years since the ASCE 2021 Report Card. With over 1 trillion dollars in infrastructure investments needed in water and wastewater across the country over the next two decades, Missouri American Water continues to work with local, state and federal leaders to provide expertise and investment in communities that need to strengthen their water and wastewater systems. Providing high quality water and wastewater service is our top priority. Customers and community leaders can view an interactive map of the company's pipe replacement projects. Projects are prioritized based on main break rate, system criticality and coordination with state and local governments. Passing of SB 4 Recently, Missouri Governor Mike Kehoe signed a bill that will allow private utilities in Missouri to plan rates based on future costs versus historical costs. This helps utility companies, like Missouri American Water, plan for necessary investments while focusing on rate stability. Built-in projections help safeguard customers from being overcharged if actual costs are lower than estimated. Why Future Test Year is good public policy: Incentivizes greater infrastructure investment Attracts business and makes Missouri more competitive for economic development Aligns Missouri with most other states, which use modern rate-setting tools to balance customer protection and investment needs Keeps rates predictable by allowing utilities to invest in new technologies and perform necessary maintenance to improve reliability Excess charges will be refunded to customers if projected costs are overestimated, creating a fairer system where customers only pay for actual, justified expenses Helping Eureka solve water and wastewater challenges In 2022, Missouri American Water began providing water and wastewater service to the city of Eureka. Prior to the acquisition, the city found it increasingly difficult and costly to meet federal and state regulations and find personnel with the ability to operate the systems efficiently. Many residents complained about the aesthetic qualities of the city's drinking water which was supplied by wells. In addition to the purchase price of $28 million, Missouri American Water pledged to invest $37 million over the next 10 years to improve the city's water quality, upgrade aging infrastructure and maintain regulatory compliance. With the acquisition, we welcomed the city employees as our own. Construction of a five-mile pipeline to our St. Louis Treatment Plant was completed in late 2024. As of May, all Eureka residents and businesses are receiving water that is treated at our Central Plant in Chesterfield. The company is actively replacing aged meters with Advanced Meter Infrastructure. These investments will improve Eureka's water quality while allowing for proactive leak detection.
Business Journals
01-06-2025
- Business
- Business Journals
How Missouri American Water keeps quality on tap
Missouri American Water has continued providing clean, safe, reliable and affordable water and wastewater service since 1886. With nearly 140 years of experience, the company has become a leader in the water and wastewater industry. Serving approximately 1.6 million Missourians, the company strictly follows regulations that are set by local authorities as well as federal standards set by the United States Environmental Protection Agency (USEPA). Missouri American Water understands how important water and wastewater service is to daily life. When you need it, you expect it to be there. Water quality For 22 years, six of Missouri American Water's treatment plants have been recognized with the Directors Award from the Partnership for Safe Water, a voluntary initiative developed by six prestigious drinking water organizations including the EPA. For a second year in a row, Missouri American Water has won the 'Drinking Water Taste Test' award at the joint MO-AWWA/MWEA conference. The company's water quality reports are published online and are updated each spring. expand Investing in aging infrastructure Recently released grades from the American Society of Civil Engineers (ASCE) 2025 Report Card for America's Infrastructure, a comprehensive assessment of the nation's 18 major infrastructure categories, paint a grim and stagnant picture for water and wastewater systems across the U.S. Drinking water infrastructure received a grade of C-, while wastewater infrastructure earned a D+. These grades haven't changed or improved in the four years since the ASCE 2021 Report Card. With over a trillion dollars in infrastructure investments needed in water and wastewater across the country over the next two decades, American Water continues to work with local, state and federal leaders to provide expertise and investment in communities that need to strengthen their water and wastewater systems. Providing high quality water and wastewater service is a top priority. Customers and community leaders can view an interactive map of the company's pipe replacement projects. Projects are prioritized based on main break rate, system criticality and coordination with state and local governments. Passing of SB 4 Recently, Missouri Gov. Mike Kehoe signed Senate Bill 4, a bill that will allow private utilities in Missouri to plan rates based on future costs versus historical costs. This helps utility companies, like Missouri American Water, plan for necessary investments while focusing on rate stability. Built-in projections help safeguard customers from being overcharged if actual costs are lower than estimated. Why future test year is good public policy: Incentivizes greater infrastructure investment Attracts business and makes Missouri more competitive for economic development Aligns Missouri with most other states which use modern rate-setting tools to balance customer protection and investment needs Keeps rates predictable by allowing utilities to invest in new technologies and perform necessary maintenance to improve reliability Excess charges will be refunded to customers if projected costs are overestimated, creating a fairer system where customers only pay for actual, justified expenses Helping communities solve water and wastewater challenges Missouri American Water provides 1 in 4 Missourians with water and/or wastewater services. The team of more than 700 industry professionals serves areas across the state. The company understands that reliable water and wastewater service is critical to community health and prosperity. Acquisition case studies: In 2018, Missouri American Water purchased the water and wastewater systems in the city of Lawson. The city was facing regulatory compliance issues with its wastewater system that would have required a significant rate increase to address. Since the acquisition, several key improvements have been made to the wastewater system in a cost-effective manner, including the addition of ultraviolet disinfection to the treatment process, construction and implementation of a new lift station, and installation of remote monitoring. Approximately 3,000 feet of water mains have been replaced and about 3,500 feet of new water mains have been added. Garden City was facing major compliance challenges for both their water and wastewater systems. Since 2015, they received 27 violations for drinking water from the Missouri Department of Natural Resources. Critical investments had not been made in an effort to keep rates low. In 2020, more than 67% of Garden City voters supported the ballot measure to sell the water and wastewater systems to make Missouri American Water their trusted water and wastewater provider. Immediately work began in 2021 to maintain regulatory compliance, including improvement of the chemical feed system and cleaning of the wastewater lagoons. With the sale, the city could retire its debt and have significant funds to address additional community needs. here. Missouri American Water, a subsidiary of American Water, is the largest regulated water utility in the state, providing high-quality and reliable water and wastewater services to approximately 1.6 million people. For more, visit
Newsweek
06-05-2025
- General
- Newsweek
To Fix America's Crumbling Water Infrastructure, the Private and Public Sectors Must Work Together
Every four years, the American Society of Civil Engineers' Report Card for America's Infrastructure provides a comprehensive assessment of the state of the nation's infrastructure. The results of the recently released 2025 report card were not where we want or need to be as a nation. Drinking water received a grade of C- and wastewater infrastructure a D+. Even more concerning, there's been no change since the 2021 report card. The ASCE data reflects the harsh reality faced by communities across the U.S.—public water systems are in desperate need of investment, repair, and modernization. Access to safe, clean, reliable, and affordable water is not a given for all Americans. View of the hand of a person holding a glass of drinking water from a tap. View of the hand of a person holding a glass of drinking water from a tap. VINCENT FEURAY/Hans Lucas/AFP via Getty Images Last December, Baltimore's water system—which serves 1.8 million people—showed elevated levels of legionella bacteria. This came on the heels of E. coli found in their water system in 2022 due to failing infrastructure. In Jackson, Miss., decades of water supply problems culminated with the 2022 failure of a major water treatment plant, leaving 160,000 people without potable water. And, 10 years later, work continues to remove lead pipes in Flint, Mich. These examples made national headlines, but there are systems across the U.S. that have similar challenges that haven't made the news—whether in dense urban spaces, sprawling suburbs, or rural communities. No one wants to be the next front-page story. We need to take a hard look at the current state of our water system infrastructure. Our nation's drinking water infrastructure system is made up of 2.2 million miles of underground pipes. According to the American Society of Engineers, because of the aging infrastructure, drinking water systems currently lose at least 6 billion gallons of treated water per day. That's over 9,000 Olympic-size swimming pools. This amounts to 2.1 trillion gallons of water loss per year, at a cost of $7.6 billion annually. U.S. water system owners currently spend a fraction of the $1 trillion we'll need in the next 20 years to make necessary upgrades. This doesn't account for the impact of extreme weather events like floods and droughts, which strain systems. And industry demands are only continuing to increase. Large, regulated water companies aren't the norm in the U.S. Unlike gas and electric utilities, most of which are regionalized, water systems are highly fragmented. There are more than 50,000 community water systems. The majority of these serve less than 10,000 people—and more than half serve fewer than 500 people. The small scale and fragmentation of these systems is inefficient, creating steep challenges for communities that have limited access to capital due to small customer bases. Decade after decade, needed upgrades are often unmade, creating a cycle of underinvestment that typically comes to a head when systems fail to meet drinking water standards or face major, costly upgrades or repairs that can no longer be kicked down the road. The solution will require both the public and private sectors to come together, and leveraging private capital is a key component. Yet the idea of infusing private capital is sometimes met with resistance. Perhaps it is a fear of loss of local oversight or a revenue stream, but the reality is that larger, regulated utility companies bring experience, expertise, and private capital that many small systems simply don't have. These companies are solutions providers, helping communities solve water and wastewater challenges, such as PFAS, lead and copper, and other critical issues that arise from underinvestment and deferred maintenance, and they do so at economies of scale, spreading investment across a much larger customer base. American Water plans to invest $40-$42 billion across our water and wastewater systems over the next 10 years. Economic impact studies show that for every $1 million invested in water infrastructure, upwards of 15 jobs are generated throughout local economies. For cash-tight communities, the long-term economic impact is consequential. Less money being used to replace aging infrastructure means more money for fixing roads, supporting pension funds, and stabilizing local taxes. To achieve the goal of safe, clean, reliable, and affordable water for every American, partnering with the federal, state, and local governments, along with other stakeholders, is key. Enacting constructive policies drives additional investment in critical systems. Proposed legislation, supported by the water industry, such as the Water Systems PFAS Liability Protection Act, would allow water utilities to prioritize maintaining water quality over defending against polluters' liability disputes. Support of the Low-Income Household Water Assistance Program (LIHWAP) would help ensure affordable access to safe drinking water while helping to provide all water utilities with much-needed revenue to repair and modernize infrastructure. Legislation is needed to ensure that all wastewater utilities have access to Clean Water State Revolving Fund dollars, allowing all utilities to apply for low-cost financing for wastewater infrastructure projects—and passing the savings on to customers. The solution is an "and" not "or" approach that requires the public and private sectors to work together. Public-private cooperation and partnership reap bigger benefits as well. We can safeguard human health, incentivize economic investment, and ultimately create American jobs. Working together, we can preserve and enhance our most precious resource for generations to come. John Griffith is the president of American Water. The views expressed in this article are the writer's own.
