Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 11/14/2024

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 Discovery SMID Cap Growth Fund

WFDAX | Fund

$29.02

$1.22 B

0.00%

1.23%

Vitals

YTD Return

21.9%

1 yr return

36.4%

3 Yr Avg Return

-6.7%

5 Yr Avg Return

7.6%

Net Assets

$1.22 B

Holdings in Top 10

21.5%

52 WEEK LOW AND HIGH

$29.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.23%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 51.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/14/2024

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 Discovery SMID Cap Growth Fund

WFDAX | Fund

$29.02

$1.22 B

0.00%

1.23%

WFDAX - Profile

Distributions

  • YTD Total Return 21.9%
  • 3 Yr Annualized Total Return -6.7%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Allspring Discovery SMID Cap Growth Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Jul 31, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Smith

Fund Description

Under normal circumstances, we invest:
■
at least 80% of the Fund’s net assets in equity securities of small- and medium-capitalization companies; and
■
up to 25% of the Fund’s total assets in equity securities of foreign issuers through ADRs and similar investments.
We invest in equity securities of small- and medium-capitalization companies that we believe offer favorable opportunities for growth. We define small- and medium capitalization companies as those with market capitalizations at the time of purchase equal to or lower than the company with the largest market capitalization in the Russell Midcap® Index, which  was approximately $73.29 billion, as of December 31, 2023, and is expected to change frequently. We may also invest in equity securities of foreign issuers through ADRs and similar investments.
We seek to identify companies that have the prospect for strong sales and earnings growth rates, that enjoy a competitive advantage (for example, dominant market share) and that we believe have effective management with a history of making investments that are in the best interests of shareholders (for example, companies with a history of earnings and sales growth that are in excess of total asset growth). Furthermore, we seek to identify companies that embrace innovation and foster disruption using technology to maximize efficiencies, gain pricing advantages, and take market share from competitors. We view innovative companies as those that, among other characteristics, have the ability to advance new products or services through investment in research and development, that operate a business model that is displacing legacy industry incumbents, that are pursuing a large unmet need or total available market. We  believe innovation found in companies on the “right side of change” is often mispriced in today’s public equity markets and is a frequent signal or anomaly that we seek to exploit through our investment process. An important criteria for “right side of change” companies is that they are benefitting from changes in technological, demographic, lifestyle, or environmental trends. We pay particular attention to how management teams allocate capital in order to drive future cash flow. This includes the allocation of human capital, financial capital, and social capital. We believe successful allocation of such resources has a correlation with key indicators of future performance.  Price objectives are determined based on industry-specific valuation methodologies, including relative price-to-earnings multiples, price-to-book value, operating profit margin trends, enterprise value to EBITDA (earnings before interest, taxes, depreciation and amortization) and free cash flow yield. In addition to meeting with management, we take a surround the company approach by surveying a company’s vendors, distributors, competitors and customers to obtain multiple perspectives that help us make better investment decisions. Portfolio holdings are continuously monitored for changes in fundamentals. The team seeks a favorable risk/reward relationship to fair valuation, which we define as the value of the company (i.e., our price target for the stock) relative to where the stock is currently trading. We may invest in any sector, and at times the Fund may emphasize one or more particular sectors. We may choose to sell a holding when it no longer offers favorable growth prospects, reaches our target price, or to take advantage of a better investment opportunity.
Read More

WFDAX - Performance

Return Ranking - Trailing

Period WFDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.9% 2.4% 119.5% 31.11%
1 Yr 36.4% 18.5% 120.4% 18.32%
3 Yr -6.7%* -23.4% 57.6% 87.09%
5 Yr 7.6%* -3.0% 104.0% 87.30%
10 Yr 9.5%* 2.6% 25.6% 77.09%

* Annualized

Return Ranking - Calendar

Period WFDAX Return Category Return Low Category Return High Rank in Category (%)
2023 20.1% -27.7% 68.0% 45.79%
2022 -38.8% -85.6% 52.8% 87.48%
2021 -31.9% -74.9% 238.3% 94.44%
2020 53.3% -44.1% 2474.5% 11.48%
2019 21.7% -50.2% 44.0% 70.82%

Total Return Ranking - Trailing

Period WFDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.9% 2.4% 119.5% 31.11%
1 Yr 36.4% 18.5% 120.4% 18.32%
3 Yr -6.7%* -23.4% 57.6% 87.09%
5 Yr 7.6%* -3.0% 104.0% 87.30%
10 Yr 9.5%* 2.6% 25.6% 77.09%

* Annualized

Total Return Ranking - Calendar

Period WFDAX Return Category Return Low Category Return High Rank in Category (%)
2023 20.1% -26.1% 68.0% 53.26%
2022 -37.9% -67.0% 56.8% 93.26%
2021 -5.1% -23.5% 342.2% 94.84%
2020 61.8% 2.6% 2549.1% 10.86%
2019 39.2% 14.6% 44.8% 12.68%

NAV & Total Return History

WFDAX - Holdings

Concentration Analysis

WFDAX Category Low Category High WFDAX % Rank
Net Assets 1.22 B 2.73 M 100 B 48.28%
Number of Holdings 73 24 3581 58.21%
Net Assets in Top 10 244 M 670 K 11.3 B 52.86%
Weighting of Top 10 21.50% 4.5% 98.2% 80.34%

Top 10 Holdings

  1. Casella Waste Systems Inc 2.69%
  2. Natera Inc 2.50%
  3. Axon Enterprise Inc 2.25%
  4. Onto Innovation Inc 2.19%
  5. Tetra Tech Inc 2.18%
  6. HealthEquity Inc 1.97%
  7. Morningstar Inc 1.97%
  8. TKO Group Holdings Inc 1.96%
  9. CCC Intelligent Solutions Holdings Inc 1.91%
  10. Saia Inc 1.87%

Asset Allocation

Weighting Return Low Return High WFDAX % Rank
Stocks 		99.38% 58.72% 103.99% 23.85%
Cash 		0.67% 0.00% 28.07% 70.04%
Preferred Stocks 		0.00% 0.00% 5.73% 47.90%
Other 		0.00% -0.04% 14.45% 57.06%
Convertible Bonds 		0.00% 0.00% 0.40% 40.27%
Bonds 		0.00% 0.00% 2.73% 45.23%

Stock Sector Breakdown

Weighting Return Low Return High WFDAX % Rank
Technology 		36.92% 0.04% 62.17% 16.98%
Healthcare 		27.13% 0.00% 37.06% 3.82%
Industrials 		13.20% 0.00% 38.23% 64.12%
Consumer Cyclical 		11.74% 0.00% 57.41% 69.08%
Real Estate 		4.46% 0.00% 19.28% 20.80%
Financial Services 		3.51% 0.00% 43.01% 86.26%
Communication Services 		3.04% 0.00% 18.33% 47.33%
Utilities 		0.00% 0.00% 12.94% 55.15%
Energy 		0.00% 0.00% 62.10% 78.05%
Consumer Defense 		0.00% 0.00% 16.40% 89.12%
Basic Materials 		0.00% 0.00% 17.25% 85.69%

Stock Geographic Breakdown

Weighting Return Low Return High WFDAX % Rank
US 		99.38% 46.79% 103.99% 20.61%
Non US 		0.00% 0.00% 34.12% 57.06%

WFDAX - Expenses

Operational Fees

WFDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.02% 17.54% 36.64%
Management Fee 0.76% 0.00% 1.50% 64.63%
12b-1 Fee 0.00% 0.00% 1.00% 9.62%
Administrative Fee N/A 0.00% 0.40% 84.78%

Sales Fees

WFDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 3.00% 5.75% 22.22%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WFDAX 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.

WFDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 0.00% 250.31% 61.73%

WFDAX - Distributions

Dividend Yield Analysis

WFDAX Category Low Category High WFDAX % Rank
Dividend Yield 0.00% 0.00% 33.43% 52.29%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

WFDAX Category Low Category High WFDAX % Rank
Net Income Ratio -1.08% -2.24% 2.75% 83.91%

Capital Gain Distribution Analysis

WFDAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

WFDAX - Fund Manager Analysis

Managers

Michael Smith

Start Date

Tenure

Tenure Rank

Mar 21, 2011

11.2

11.2%

Michael (Mike) Smith serves as managing director and senior portfolio manager for the Discovery Growth Equity team at Allspring Global Investments. In this role, Mike has oversight and portfolio management responsibility for all growth equity portfolios managed by the team. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Mike joined WFAM in 2005 from Strong Capital Management, where he served as a senior research analyst focusing primarily on the healthcare sector. Prior to that, he served as a research analyst and trader at Conseco Capital Management. Mike began his investment industry career in 1999. He earned a bachelor's degree in economics from DePauw University. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

Christopher Warner

Start Date

Tenure

Tenure Rank

Jan 10, 2012

10.39

10.4%

Christopher (Chris) Warner is a portfolio manager for the Discovery Growth Equity team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to joining WFAM, Chris worked as an equity research associate following the enterprise software, systems management, and data storage industries for Citigroup in San Francisco. He has also worked as an equity analyst at Morningstar and PPM America, Inc. Chris’s related professional experience includes technology-consulting positions at Evolve Software and PricewaterhouseCoopers, LLP. He began his investment industry career in 2002. Chris earned a bachelor’s degree in business administration from the University of Illinois and a master’s degree in business administration with an emphasis in finance and corporate strategy from the Ross School of Business at the University of Michigan. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.3 9.4 11.76

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.