Allspring Opportunity Fund
Fund
WOFRX
Price as of:
$61.64
- $0.07
- 0.11%
Primary Theme
fund company
Name
As of 12/19/2024Price
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
Vitals
YTD Return
15.0%
1 yr return
17.2%
3 Yr Avg Return
6.8%
5 Yr Avg Return
N/A
Net Assets
$1.94 B
Holdings in Top 10
36.0%
52 WEEK LOW AND HIGH
$61.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.77%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 29.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/19/2024Price
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
WOFRX - Profile
Distributions
- YTD Total Return 15.0%
- 3 Yr Annualized Total Return 6.8%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.08%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Opportunity Fund
-
Fund Family NameAllspring Funds
-
Inception DateMay 29, 2020
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Miller
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, including ADRs and similar investments. |
We may invest in the equity securities of companies of any market capitalization.
We invest in equity securities of companies that we believe are underpriced yet have attractive growth prospects. Our analysis is based on the determination of a company’s “private market valuation,” which is the price an investor would be willing to pay for the entire company. We determine a company’s private market valuation based upon several types of analysis. We carry out a fundamental analysis of a company’s cash flows, asset valuations, competitive situation and industry specific factors. We also gauge the company’s management strength, financial health, and growth potential in determining a company’s private market valuation. We place an emphasis on a company’s management, even meeting with management in certain situations. Finally, we focus on the long-term strategic direction of a company. We then compare the private market valuation as determined by these factors to the company’s public market price, and invest in the equity securities of those companies where we believe there is a significant gap between the two. As part of our investment process, an assessment of environmental, social and governance (ESG) factors that are deemed to have material business and/or financial risk may be considered alongside other relevant factors. The ESG factors utilized in the Fund’s investment process may change over time, some factors may not be relevant with respect to all stocks and may or may not be determinative in the security selection process.
We may sell an investment when its market valuation no longer compares favorably with the company’s private market valuation. In addition, we may choose to sell an investment where the fundamentals deteriorate or the strategy of the management or the management itself changes.
WOFRX - Performance
Return Ranking - Trailing
| Period | WOFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.0% | -6.1% | 52.5% | 88.91% |
| 1 Yr | 17.2% | -4.9% | 55.1% | 90.91% |
| 3 Yr | 6.8%* | -23.8% | 24.5% | 70.75% |
| 5 Yr | N/A* | -15.0% | 30.3% | 79.27% |
| 10 Yr | N/A* | -5.5% | 21.7% | 85.43% |
* Annualized
Return Ranking - Calendar
| Period | WOFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.7% | -74.1% | 72.4% | 81.02% |
| 2022 | -27.0% | -85.9% | 4.7% | 18.26% |
| 2021 | 13.2% | -52.4% | 60.5% | 33.30% |
| 2020 | N/A | -34.3% | 145.0% | N/A |
| 2019 | N/A | -6.9% | 49.4% | N/A |
Total Return Ranking - Trailing
| Period | WOFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.0% | -6.1% | 52.5% | 88.91% |
| 1 Yr | 17.2% | -4.9% | 55.1% | 90.91% |
| 3 Yr | 6.8%* | -23.8% | 24.5% | 70.75% |
| 5 Yr | N/A* | -15.0% | 30.3% | 77.37% |
| 10 Yr | N/A* | -5.5% | 21.7% | 83.99% |
* Annualized
Total Return Ranking - Calendar
| Period | WOFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 26.9% | -4.6% | 72.4% | 82.76% |
| 2022 | -20.5% | -61.7% | 5.6% | 12.14% |
| 2021 | 25.0% | -39.8% | 118.1% | 27.78% |
| 2020 | N/A | 2.8% | 149.2% | N/A |
| 2019 | N/A | -5.2% | 49.4% | N/A |
NAV & Total Return History
WOFRX - Holdings
Concentration Analysis
| WOFRX | Category Low | Category High | WOFRX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.94 B | 296 K | 317 B | 44.51% |
| Number of Holdings | 56 | 2 | 3061 | 57.44% |
| Net Assets in Top 10 | 712 M | 126 K | 150 B | 53.99% |
| Weighting of Top 10 | 36.00% | 0.7% | 205.0% | 87.99% |
Top 10 Holdings
- Apple Inc 5.63%
- Amazon.com Inc 5.08%
- Alphabet Inc 4.70%
- Salesforce Inc 3.97%
- Meta Platforms Inc 3.52%
- Mastercard Inc 3.45%
- Texas Instruments Inc 3.02%
- Marvell Technology Inc 2.23%
- UnitedHealth Group Inc 2.22%
- Regal Rexnord Corp 2.17%
Asset Allocation
| Weighting | Return Low | Return High | WOFRX % Rank | |
|---|---|---|---|---|
| Stocks | 98.17% | 0.00% | 123.52% | 66.70% |
| Cash | 1.87% | 0.00% | 173.52% | 27.95% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 94.74% |
| Other | 0.00% | -36.56% | 42.58% | 94.10% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 94.82% |
| Bonds | 0.00% | 0.00% | 102.71% | 94.65% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WOFRX % Rank | |
|---|---|---|---|---|
| Technology | 28.60% | 0.00% | 65.70% | 74.18% |
| Industrials | 13.29% | 0.00% | 30.65% | 6.82% |
| Healthcare | 11.43% | 0.00% | 39.76% | 61.55% |
| Financial Services | 10.62% | 0.00% | 43.06% | 35.00% |
| Consumer Cyclical | 10.07% | 0.00% | 62.57% | 85.18% |
| Communication Services | 8.77% | 0.00% | 66.40% | 69.09% |
| Real Estate | 8.43% | 0.00% | 16.05% | 0.82% |
| Consumer Defense | 4.86% | 0.00% | 25.50% | 34.18% |
| Basic Materials | 3.93% | 0.00% | 18.91% | 11.73% |
| Utilities | 0.00% | 0.00% | 16.07% | 96.82% |
| Energy | 0.00% | 0.00% | 41.09% | 98.09% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WOFRX % Rank | |
|---|---|---|---|---|
| US | 96.54% | 0.00% | 123.52% | 72.69% |
| Non US | 1.64% | 0.00% | 75.46% | 21.32% |
WOFRX - Expenses
Operational Fees
| WOFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.77% | 0.01% | 28.71% | 66.21% |
| Management Fee | 0.72% | 0.00% | 1.50% | 76.23% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 17.99% |
| Administrative Fee | N/A | 0.01% | 1.02% | 15.02% |
Sales Fees
| WOFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| WOFRX 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.
| WOFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 29.00% | 0.00% | 316.74% | 45.53% |
WOFRX - Distributions
Dividend Yield Analysis
| WOFRX | Category Low | Category High | WOFRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.58% | 99.36% |
Dividend Distribution Analysis
| WOFRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Annual | Annual |
Net Income Ratio Analysis
| WOFRX | Category Low | Category High | WOFRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.08% | -6.13% | 3.48% | 21.24% |
Capital Gain Distribution Analysis
| WOFRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $0.403 | CapitalGainShortTerm |
| Dec 12, 2024 | $4.428 | CapitalGainLongTerm |
| Dec 11, 2023 | $1.905 | CapitalGainLongTerm |
| Dec 09, 2022 | $4.308 | CapitalGainLongTerm |
| Dec 09, 2021 | $6.599 | OrdinaryDividend |
| Dec 16, 2020 | $0.195 | OrdinaryDividend |
| Dec 09, 2020 | $3.072 | CapitalGainLongTerm |
WOFRX - Fund Manager Analysis
Managers
Christopher Miller
Start Date
Tenure
Tenure Rank
Mar 01, 2017
5.25
5.3%
Christopher G. Miller, CFA Mr. Miller joined Wells Capital Management or one of its predecessor firms in 2002, where he currently serves as an associate portfolio manager on the PMV Equity team at Wells Capital Management.
Kurt Gunderson
Start Date
Tenure
Tenure Rank
Feb 01, 2020
2.33
2.3%
Kurt Gunderson is a portfolio manager for the Select Equity team at Allspring Global Investments and serves as co-portfolio manager of the Select Equity All Cap Equity strategy. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to his current role he was an associate portfolio manager and analyst. Kurt joined WFAM from Strong Capital Management where he was an analyst. Prior to joining the team Kurt was director of information technology in retirement plan services at Strong Capital Management. Earlier in his career, he was a technology consultant and manager. Kurt began his investment industry career in 2001. He earned a bachelor’s degree in kinesiology from the University of California, Los Angeles, and a master’s degree in business administration with an emphasis in finance and investments from the University of Wisconsin, Madison.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |