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Name

As of 11/22/2024

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

Allspring Emerging Growth Fund

WEGRX | Fund

$14.19

$270 M

0.00%

0.98%

Vitals

YTD Return

29.2%

1 yr return

40.1%

3 Yr Avg Return

-5.6%

5 Yr Avg Return

9.6%

Net Assets

$270 M

Holdings in Top 10

30.1%

52 WEEK LOW AND HIGH

$14.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.98%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 48.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

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

Allspring Emerging Growth Fund

WEGRX | Fund

$14.19

$270 M

0.00%

0.98%

WEGRX - Profile

Distributions

  • YTD Total Return 29.2%
  • 3 Yr Annualized Total Return -5.6%
  • 5 Yr Annualized Total Return 9.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Allspring Emerging Growth Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Jul 31, 2018
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Ognar

Fund Description

Under normal circumstances, we invest:
■
at least 80% of the Fund’s total assets in equity securities of small-capitalization companies; and
■
up to 25% of the Fund’s total assets in equity securities of foreign issuers through American Depository Receipts (ADRs) and similar investments.
The Fund is a feeder fund that invests substantially all of its assets in the Emerging Growth Portfolio, a master portfolio with a substantially identical investment objective and substantially similar investment strategies. We may invest in additional master portfolios, in other Allspring Funds, or directly in a portfolio of securities.
We invest principally in equity securities of small-capitalization companies, which we define as companies with market capitalizations within the range of the Russell 2000® Index at the time of purchase. The market capitalization range of the Russell 2000® Index was approximately $17.09 million to $11.91 billion, as of July 31, 2024, and is expected to change frequently. Small-capitalization companies may include both domestic and foreign small-capitalization companies.
We seek small-capitalization companies that are in the emerging phase of their life cycle. We believe earnings and revenue growth relative to consensus expectations are critical factors in determining stock price movements. Thus, our investment process focuses on identifying companies with robust and sustainable growth in revenue and earnings that are underappreciated by the market. To find that growth, we use bottom-up research, emphasizing companies whose management teams have a history of successfully executing their strategy and whose business model have sufficient profit potential. We forecast revenue and earnings  growth along with other key financial metrics to assess investment potential. We then combine that company-specific analysis with our assessment of what the market is discounting for growth to form a buy/sell decision about a particular stock. We seek to capitalize on investment opportunities where a sizable gap exists between market consensus and our expectation for a company’s growth prospects. We may invest in any sector and, at times, we may emphasize one or more particular sectors. In addition, our investment process is built on a foundation of continuous risk management and a strict sell discipline. We sell a company’s securities when we see signs that can cause a company’s growth prospects to deteriorate, as this often leads to lower valuation potential. We may also sell or trim a position when we need to raise money to fund the purchase of a better  investment opportunity  or when valuation has extended beyond our expectations.
Read More

WEGRX - Performance

Return Ranking - Trailing

Period WEGRX Return Category Return Low Category Return High Rank in Category (%)
YTD 29.2% 0.6% 124.6% 19.53%
1 Yr 40.1% 5.9% 121.9% 24.27%
3 Yr -5.6%* -15.9% 61.5% 90.37%
5 Yr 9.6%* -2.2% 48.6% 48.45%
10 Yr N/A* 1.8% 25.3% 58.52%

* Annualized

Return Ranking - Calendar

Period WEGRX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -20.5% 54.6% 96.34%
2022 -34.4% -82.1% 32.2% 71.11%
2021 -20.7% -90.6% 300.1% 86.17%
2020 30.4% -63.0% 127.9% 45.35%
2019 19.6% -7.7% 42.9% 62.55%

Total Return Ranking - Trailing

Period WEGRX Return Category Return Low Category Return High Rank in Category (%)
YTD 29.2% 0.6% 124.6% 19.53%
1 Yr 40.1% 5.9% 121.9% 24.27%
3 Yr -5.6%* -15.9% 61.5% 90.37%
5 Yr 9.6%* -2.2% 48.6% 48.45%
10 Yr N/A* 1.8% 25.3% 56.74%

* Annualized

Total Return Ranking - Calendar

Period WEGRX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -19.0% 136.8% 97.62%
2022 -34.4% -59.9% 44.3% 80.19%
2021 7.9% -22.7% 411.9% 56.64%
2020 58.8% 1.5% 150.8% 15.12%
2019 25.7% 5.5% 55.3% 68.92%

NAV & Total Return History

WEGRX - Holdings

Concentration Analysis

WEGRX Category Low Category High WEGRX % Rank
Net Assets 270 M 209 K 34.3 B 72.99%
Number of Holdings 83 7 1226 64.96%
Net Assets in Top 10 111 M 53.8 K 3.24 B 57.12%
Weighting of Top 10 30.07% 7.5% 100.0% 26.14%

Top 10 Holdings

  1. ASGN Inc 3.76%
  2. Rapid7 Inc 3.56%
  3. Kinsale Capital Group Inc 3.32%
  4. SPS Commerce Inc 3.29%
  5. ShockWave Medical Inc 3.20%
  6. Wf Sec Lending Cash Invst Llc Wbbs 3.19%
  7. Inspire Medical Systems Inc 2.71%
  8. Boot Barn Holdings Inc 2.69%
  9. Crocs Inc 2.63%
  10. Zurn Water Solutions Corp 2.62%

Asset Allocation

Weighting Return Low Return High WEGRX % Rank
Stocks 		96.72% 90.19% 107.62% 75.36%
Cash 		3.28% 0.00% 28.78% 31.75%
Preferred Stocks 		0.00% 0.00% 4.63% 95.44%
Other 		0.00% -0.26% 6.70% 91.42%
Convertible Bonds 		0.00% 0.00% 1.57% 94.53%
Bonds 		0.00% 0.00% 2.40% 94.71%

Stock Sector Breakdown

Weighting Return Low Return High WEGRX % Rank
Technology 		40.65% 2.91% 75.51% 3.47%
Healthcare 		25.58% 0.00% 47.90% 26.46%
Consumer Cyclical 		12.34% 0.00% 24.04% 49.09%
Industrials 		11.00% 0.00% 36.64% 89.96%
Financial Services 		5.45% 0.00% 42.95% 67.34%
Consumer Defense 		4.19% 0.00% 13.56% 45.62%
Communication Services 		0.79% 0.00% 15.31% 73.18%
Utilities 		0.00% 0.00% 5.57% 95.80%
Real Estate 		0.00% 0.00% 15.31% 97.99%
Energy 		0.00% 0.00% 55.49% 98.72%
Basic Materials 		0.00% 0.00% 9.24% 98.72%

Stock Geographic Breakdown

Weighting Return Low Return High WEGRX % Rank
US 		94.86% 17.30% 107.62% 81.93%
Non US 		1.86% 0.00% 77.12% 14.23%

WEGRX - Expenses

Operational Fees

WEGRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.05% 23.20% 74.41%
Management Fee 0.85% 0.05% 1.62% 74.41%
12b-1 Fee 0.00% 0.00% 1.00% 22.00%
Administrative Fee 0.05% 0.01% 0.40% 30.77%

Sales Fees

WEGRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WEGRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

WEGRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.00% 3.00% 264.00% 45.21%

WEGRX - Distributions

Dividend Yield Analysis

WEGRX Category Low Category High WEGRX % Rank
Dividend Yield 0.00% 0.00% 6.91% 95.99%

Dividend Distribution Analysis

WEGRX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

WEGRX Category Low Category High WEGRX % Rank
Net Income Ratio -0.68% -2.47% 1.10% 46.68%

Capital Gain Distribution Analysis

WEGRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

WEGRX - Fund Manager Analysis

Managers

Thomas Ognar

Start Date

Tenure

Tenure Rank

Jan 31, 2007

15.34

15.3%

Thomas (Tom) Ognar is a managing director and senior portfolio manager for the Dynamic Growth Equity team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM from Strong Capital Management, where he worked as a research analyst and later became a portfolio manager. Before that, he was a research analyst with M&I Investment Management Corp. and a trader with Republic Securities, Inc. He began his investment industry career in 1993. Tom earned a bachelor’s degree in finance from Miami University and a master’s degree in finance from the University of Wisconsin, Madison. He is an alumnus of the Applied Security Analysis Program and has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

David Nazaret

Start Date

Tenure

Tenure Rank

Jul 28, 2020

1.84

1.8%

David (Dave) Nazaret is a senior portfolio manager for the Dynamic Growth Equity team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to his current role, he was a senior research analyst for the team, covering the information technology and healthcare sectors. Before that, he was a senior research associate at Raymond James Financial. He began his investment industry career in 2000. Dave earned a bachelor’s degree in economics from Vanderbilt University in Nashville. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

Robert Gruendyke

Start Date

Tenure

Tenure Rank

Jul 28, 2020

1.84

1.8%

Robert (Bob) Gruendyke is a senior portfolio manager for the Dynamic Growth Equity team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to his current role, he was a senior research analyst for the team, covering the financials and healthcare sectors. Before joining WFAM, Bob served as a senior research associate and, earlier, as a senior compliance advisor for Raymond James Financial. Prior to that, he was a financial consultant for A. G. Edwards and Sons. He began his investment industry career in 1999. Bob earned a bachelor’s degree in economics and history from Duke University. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.44 9.12 5.25

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