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Trending ETFs

Name

As of 02/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$38.33

$178 M

0.55%

$0.21

2.02%

Vitals

YTD Return

2.4%

1 yr return

13.8%

3 Yr Avg Return

2.2%

5 Yr Avg Return

6.2%

Net Assets

$178 M

Holdings in Top 10

84.5%

52 WEEK LOW AND HIGH

$38.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.02%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 140.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 02/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$38.33

$178 M

0.55%

$0.21

2.02%

WFGWX - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.43%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Allspring Growth Balanced Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Oct 01, 1998
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kandarp Acharya

Fund Description

We seek to achieve the Fund’s investment objective by allocating up to 75% of its assets to equity securities and up to 45% of its assets to fixed income securities.
The Fund’s “neutral” allocation is as follows:
65% of the Fund’s total assets in stock funds; and
35% of the Fund’s total assets in bond funds.
The Fund is a fund-of-funds that invests in various affiliated mutual funds (each, an “Underlying Fund”) employing a multi-asset, multi-style investment approach designed to reduce the price and return volatility of the Fund and to provide more consistent returns. The Fund’s broad diversification may help to reduce the overall impact of any one asset class underperforming, but may also limit upside potential. The Fund may invest in Allspring  Master Portfolios, in other  Allspring Funds, or directly in securities. We may adjust the Fund’s effective allocation throughout the year.
The equity portion of the Fund blends multiple investment styles in an attempt to reduce the risk associated with the use of a single style, which may move in and out of favor during the course of a market cycle. Equity holdings are diversified across U.S. large company, U.S. small company, international developed and emerging market stocks.
The fixed income portion of the Fund employs a variety of investment styles, intended in the aggregate to reduce price and return volatility, and deliver more consistent returns. The Fund’s fixed income portion may invest in U.S. investment grade bonds, below investment grade (high yield) bonds, inflation protected bonds, and foreign issues.
In addition, certain of the fixed income and equity master portfolios in which the Fund may invest may employ a variety of derivative instruments such as futures, options and swap agreements. To the extent that one or more master portfolios is invested in such derivatives, the Fund will be exposed to the risks associated with such investments.
The Fund will incorporate a Tactical Asset Allocation (TAA) Overlay strategy which invests in long and/or short positions in exchange-traded futures contracts across a variety of asset classes, which include, but are not limited to, stocks, bonds, and currencies. The TAA Overlay strategy seeks to improve the Fund’s risk/return profile through the tactical use of futures contracts. The TAA Overlay uses qualitative and quantitative inputs to guide equity and fixed income exposures in the Fund. Dependent upon market conditions, the TAA Overlay may increase or decrease exposures to a given asset class.
As part of managing the Fund’s level of risk, both in absolute terms and relative to its benchmark, we may make changes to the allocations among investment styles at any time. We may use cash flows or effect transactions to accomplish these changes.
Portfolio Asset Allocation
The following table provides the Fund’s neutral allocation and  target ranges.
Asset Class
Neutral Allocation
Range1
Stock Funds
65%
55% to 75%
Bond Funds
35%
25% to 45%
Tactical Asset Allocation Overlay (TAA)
0%
-10.0% to 10.0%
Read More

WFGWX - Performance

Return Ranking - Trailing

Period WFGWX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -4.2% 11.3% 51.44%
1 Yr 13.8% -10.4% 28.6% 50.14%
3 Yr 2.2%* -5.3% 9.5% 74.38%
5 Yr 6.2%* -4.2% 13.0% 66.51%
10 Yr 5.4%* 0.5% 10.7% 63.95%

* Annualized

Return Ranking - Calendar

Period WFGWX Return Category Return Low Category Return High Rank in Category (%)
2023 13.4% -12.2% 23.9% 18.07%
2022 -20.2% -34.7% 0.0% 68.11%
2021 -2.6% -11.9% 18.1% 90.68%
2020 5.8% -20.9% 39.7% 69.01%
2019 16.1% 0.8% 25.7% 25.43%

Total Return Ranking - Trailing

Period WFGWX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -4.2% 11.3% 51.44%
1 Yr 13.8% -10.4% 28.6% 50.14%
3 Yr 2.2%* -5.3% 9.5% 74.38%
5 Yr 6.2%* -4.2% 13.0% 66.51%
10 Yr 5.4%* 0.5% 10.7% 63.95%

* Annualized

Total Return Ranking - Calendar

Period WFGWX Return Category Return Low Category Return High Rank in Category (%)
2023 13.4% -12.2% 26.8% 52.41%
2022 -16.6% -29.0% 10.9% 78.46%
2021 12.6% -3.0% 24.2% 56.04%
2020 12.6% -19.5% 40.6% 51.60%
2019 18.8% 4.4% 32.7% 64.05%

NAV & Total Return History


WFGWX - Holdings

Concentration Analysis

WFGWX Category Low Category High WFGWX % Rank
Net Assets 178 M 733 K 195 B 75.91%
Number of Holdings 34 2 15744 56.05%
Net Assets in Top 10 154 M 636 K 58.3 B 65.85%
Weighting of Top 10 84.54% 11.4% 118.4% 32.52%

Top 10 Holdings

  1. Allspring Managed Fixed Income Portfolio 21.58%
  2. Allspring Disciplined U.S. Core Fund 13.58%
  3. Allspring Large Company Value Portfolio 11.58%
  4. Allspring Disciplined International Developed Markets Portfolio 8.68%
  5. Allspring Diversified Large Cap Growth Portfolio 8.26%
  6. ALLSPRING CORE BOND PORTFOLIO 6.70%
  7. iShares Core MSCI EAFE ETF 3.97%
  8. Allspring CB Large Cap Value Portfolio 3.51%
  9. Allspring Real Return Portfolio 3.45%
  10. Allspring Factor Enhanced International Equity Portfolio 3.22%

Asset Allocation

Weighting Return Low Return High WFGWX % Rank
Stocks
98.79% 0.00% 100.28% 28.57%
Cash
1.21% -10.21% 100.00% 56.19%
Convertible Bonds
0.57% 0.00% 23.84% 43.15%
Preferred Stocks
0.00% 0.00% 25.42% 58.50%
Bonds
0.00% 0.00% 77.27% 75.65%
Other
0.00% -41.62% 117.44% 85.44%

Stock Sector Breakdown

Weighting Return Low Return High WFGWX % Rank
Financial Services
16.89% 0.00% 38.77% 20.74%
Technology
16.70% 0.00% 44.21% 74.73%
Healthcare
14.48% 0.00% 29.35% 30.91%
Industrials
11.24% 0.00% 24.37% 31.87%
Consumer Cyclical
10.07% 0.00% 19.36% 47.12%
Consumer Defense
7.65% 0.00% 15.14% 26.51%
Communication Services
7.14% 0.00% 38.10% 51.24%
Energy
4.86% 0.00% 85.65% 48.21%
Basic Materials
4.35% 0.00% 33.35% 40.66%
Real Estate
3.64% 0.00% 65.01% 42.45%
Utilities
3.00% 0.00% 99.55% 45.47%

Stock Geographic Breakdown

Weighting Return Low Return High WFGWX % Rank
US
98.79% 0.00% 100.28% 28.30%
Non US
0.00% 0.00% 36.85% 60.41%

WFGWX - Expenses

Operational Fees

WFGWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.02% 0.03% 17.63% 8.81%
Management Fee 0.30% 0.00% 1.83% 44.65%
12b-1 Fee 0.75% 0.00% 1.00% 75.51%
Administrative Fee N/A 0.01% 0.83% 89.69%

Sales Fees

WFGWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 59.18%

Trading Fees

WFGWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WFGWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 140.00% 0.00% 343.00% 90.78%

WFGWX - Distributions

Dividend Yield Analysis

WFGWX Category Low Category High WFGWX % Rank
Dividend Yield 0.55% 0.00% 6.70% 47.23%

Dividend Distribution Analysis

WFGWX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Annual

Net Income Ratio Analysis

WFGWX Category Low Category High WFGWX % Rank
Net Income Ratio 0.43% -2.34% 19.41% 83.96%

Capital Gain Distribution Analysis

WFGWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

WFGWX - Fund Manager Analysis

Managers

Kandarp Acharya


Start Date

Tenure

Tenure Rank

Sep 30, 2013

8.67

8.7%

Mr. Acharya joined Wells Capital Management in 2013, where he currently serves as a Senior Portfolio Manager. Prior to joining Wells Capital Management, Mr. Acharya led the Advanced Analytics and Quantitative Research Group at Wells Fargo Wealth Management, where he also led the development and implementation of quantitative tactical allocation models as a member of the firm’s Asset Allocation Committee.

Petros Bocray


Start Date

Tenure

Tenure Rank

Oct 01, 2016

5.67

5.7%

Mr. Bocray is a portfolio manager on the Quantitative Strategies team at Wells Capital All Portfolios Management. In this role, Mr. Bocray serves as co-manager on several of the team's portfolios and conducts research supporting the quantitative models and investment strategies. Prior to joining the team in March 2006, Mr. Bocray worked as a portfolio manager for the Wells Fargo Wealth Management Group, where he managed private client accounts with a focus on portfolio construction and asset allocation. Education: Bachelor of Economics, College of Charleston, Charleston, South Carolina.

Travis Keshemberg


Start Date

Tenure

Tenure Rank

Mar 24, 2022

0.19

0.2%

Travis L. Keshemberg, CFA, CIP, FRM Mr. Keshemberg joined Allspring Investments in 2016, where he currently serves as a Portfolio Manager for the Multi-Asset Solutions team. Prior to joining Allspring Investments, Mr. Keshemberg was a Director of Research at Allspring Funds Management, LLC.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.3 2.41