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Name

As of 12/19/2024

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 Growth Fund

WGFCX | Fund

$6.25

$3.65 B

0.00%

1.93%

Vitals

YTD Return

28.6%

1 yr return

30.7%

3 Yr Avg Return

3.5%

5 Yr Avg Return

11.3%

Net Assets

$3.65 B

Holdings in Top 10

53.0%

52 WEEK LOW AND HIGH

$6.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.93%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 36.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

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 Growth Fund

WGFCX | Fund

$6.25

$3.65 B

0.00%

1.93%

WGFCX - Profile

Distributions

  • YTD Total Return 28.6%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 11.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Allspring Growth Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Dec 26, 2002
  • Shares Outstanding
    N/A
  • Share Class
    C
  • 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; and
■
up to 25% of the Fund’s total assets in equity securities of foreign issuers through ADRs and similar investments.
We invest principally in equity securities of companies that we believe have prospects for robust and sustainable growth of revenues and earnings. We may invest in the equity securities of companies of any market capitalization.  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 robust sales and earnings growth rates, that enjoy a competitive advantage and that we believe have effective management with a history of making investments that are in the best interests of shareholders. 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 believe innovation found in companies on the “right side of change” are  benefitting from technological, demographic, lifestyle and environmental trends, and are often mispriced in today’s public equity markets. This mispricing is a key inefficiency that the team seeks to exploit through intensive fundamental research. 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. 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

WGFCX - Performance

Return Ranking - Trailing

Period WGFCX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.6% -6.1% 52.5% 52.09%
1 Yr 30.7% -4.9% 55.1% 56.27%
3 Yr 3.5%* -23.8% 24.5% 89.79%
5 Yr 11.3%* -15.0% 30.3% 85.98%
10 Yr 11.9%* -5.5% 21.7% 77.48%

* Annualized

Return Ranking - Calendar

Period WGFCX Return Category Return Low Category Return High Rank in Category (%)
2023 5.7% -74.1% 72.4% 97.63%
2022 -44.9% -85.9% 4.7% 91.47%
2021 -25.8% -52.4% 60.5% 98.78%
2020 22.5% -34.3% 145.0% 63.72%
2019 13.9% -6.9% 49.4% 91.44%

Total Return Ranking - Trailing

Period WGFCX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.6% -6.1% 52.5% 52.09%
1 Yr 30.7% -4.9% 55.1% 56.27%
3 Yr 3.5%* -23.8% 24.5% 89.79%
5 Yr 11.3%* -15.0% 30.3% 85.98%
10 Yr 11.9%* -5.5% 21.7% 77.48%

* Annualized

Total Return Ranking - Calendar

Period WGFCX Return Category Return Low Category Return High Rank in Category (%)
2023 32.5% -4.6% 72.4% 68.52%
2022 -37.3% -61.7% 5.6% 84.06%
2021 6.6% -39.8% 118.1% 93.64%
2020 50.1% 2.8% 149.2% 15.23%
2019 36.1% -5.2% 49.4% 23.85%

NAV & Total Return History

WGFCX - Holdings

Concentration Analysis

WGFCX Category Low Category High WGFCX % Rank
Net Assets 3.65 B 296 K 317 B 34.90%
Number of Holdings 73 2 3061 38.93%
Net Assets in Top 10 1.99 B 126 K 150 B 35.57%
Weighting of Top 10 52.96% 0.7% 205.0% 52.23%

Top 10 Holdings

  1. Microsoft Corp 11.61%
  2. NVIDIA Corp 9.77%
  3. Amazon.com Inc 8.43%
  4. Apple Inc 6.36%
  5. Meta Platforms Inc 5.63%
  6. Alphabet Inc 3.99%
  7. Tradeweb Markets Inc 1.89%
  8. Monolithic Power Systems Inc 1.81%
  9. Mastercard Inc 1.76%
  10. Visa Inc 1.70%

Asset Allocation

Weighting Return Low Return High WGFCX % Rank
Stocks 		99.73% 0.00% 123.52% 18.06%
Cash 		0.36% 0.00% 173.52% 73.32%
Preferred Stocks 		0.00% 0.00% 8.45% 96.10%
Other 		0.00% -36.56% 42.58% 94.92%
Convertible Bonds 		0.00% 0.00% 1.94% 96.00%
Bonds 		0.00% 0.00% 102.71% 96.01%

Stock Sector Breakdown

Weighting Return Low Return High WGFCX % Rank
Technology 		40.84% 0.00% 65.70% 26.64%
Consumer Cyclical 		21.97% 0.00% 62.57% 11.27%
Healthcare 		11.64% 0.00% 39.76% 60.27%
Communication Services 		10.35% 0.00% 66.40% 50.91%
Financial Services 		10.07% 0.00% 43.06% 42.18%
Industrials 		2.93% 0.00% 30.65% 82.73%
Basic Materials 		2.02% 0.00% 18.91% 33.36%
Consumer Defense 		0.18% 0.00% 25.50% 87.18%
Utilities 		0.00% 0.00% 16.07% 97.82%
Real Estate 		0.00% 0.00% 16.05% 99.09%
Energy 		0.00% 0.00% 41.09% 98.64%

Stock Geographic Breakdown

Weighting Return Low Return High WGFCX % Rank
US 		99.73% 0.00% 123.52% 13.97%
Non US 		0.00% 0.00% 75.46% 96.82%

WGFCX - Expenses

Operational Fees

WGFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.93% 0.01% 28.71% 8.56%
Management Fee 0.72% 0.00% 1.50% 76.42%
12b-1 Fee 0.75% 0.00% 1.00% 78.66%
Administrative Fee 0.21% 0.01% 1.02% 85.76%

Sales Fees

WGFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load 1.00% 1.00% 5.00% 99.20%

Trading Fees

WGFCX 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.

WGFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 316.74% 54.98%

WGFCX - Distributions

Dividend Yield Analysis

WGFCX Category Low Category High WGFCX % Rank
Dividend Yield 0.00% 0.00% 27.58% 99.82%

Dividend Distribution Analysis

WGFCX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Annual Annual

Net Income Ratio Analysis

WGFCX Category Low Category High WGFCX % Rank
Net Income Ratio -1.57% -6.13% 3.48% 97.59%

Capital Gain Distribution Analysis

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

Distributions History

View More +

WGFCX - Fund Manager Analysis

Managers

Thomas Ognar

Start Date

Tenure

Tenure Rank

May 01, 2002

20.1

20.1%

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.

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
0.04 54.45 8.25 3.08

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