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Allspring Premier Large Company Growth Fund
mutual fund
EKJFX
Payout Change
Suspended
Price as of:
$15.74
-0.16
-1.01%
primary theme
U.S. Large-Cap Growth Equity
share class
EKJFX (Mutual Fund)
Allspring Premier Large Company Growth Fund
Payout Change
Suspended
Price as of:
$15.74
-0.16
-1.01%
primary theme
U.S. Large-Cap Growth Equity
share class
EKJFX (Mutual Fund)
Allspring Premier Large Company Growth Fund
Payout Change
Suspended
Price as of:
$15.74
-0.16
-1.01%
primary theme
U.S. Large-Cap Growth Equity
share class
Name
As of 12/10/2024Price
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
42.4%
1 yr return
45.1%
3 Yr Avg Return
8.0%
5 Yr Avg Return
15.6%
Net Assets
$1.34 B
Holdings in Top 10
47.5%
52 WEEK LOW AND HIGH
$15.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.73%
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 12/10/2024Price
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
EKJFX - Profile
Distributions
- YTD Total Return 42.4%
- 3 Yr Annualized Total Return 8.0%
- 5 Yr Annualized Total Return 15.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.32%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Premier Large Company Growth Fund
-
Fund Family NameAllspring Funds
-
Inception DateNov 30, 2012
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Ognar
Fund Description
Under normal circumstances, we invest:
| ■ | at least 80% of the Fund’s net assets in equity securities of large-capitalization companies; and |
| ■ | up to 20% of the Fund’s total assets in equity securities of foreign issuers, including ADRs and similar investments. |
We invest principally in equity securities of large-capitalization companies, which we define as securities of companies with market capitalizations within the range of the Russell 1000® Index at the time of purchase. The market capitalization range of the Russell 1000® Index was approximately $174 million to $3.41 trillion, as of October 31, 2024, and is expected to change frequently. We may also invest in equity securities of foreign issuers including 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.
EKJFX - Performance
Return Ranking - Trailing
| Period | EKJFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 42.4% | -37.8% | 56.1% | 7.18% |
| 1 Yr | 45.1% | -36.3% | 134.4% | 0.45% |
| 3 Yr | 8.0%* | -21.2% | 35.4% | 45.59% |
| 5 Yr | 15.6%* | -12.8% | 32.8% | 60.49% |
| 10 Yr | 14.2%* | -3.9% | 21.1% | 45.29% |
* Annualized
Return Ranking - Calendar
| Period | EKJFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.5% | -74.1% | 72.4% | 98.72% |
| 2022 | -33.6% | -85.9% | 4.7% | 47.54% |
| 2021 | -8.0% | -52.4% | 60.5% | 85.69% |
| 2020 | 25.6% | -34.3% | 145.0% | 53.25% |
| 2019 | 24.1% | -6.9% | 49.4% | 55.76% |
Total Return Ranking - Trailing
| Period | EKJFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 42.4% | -37.8% | 56.1% | 7.18% |
| 1 Yr | 45.1% | -36.3% | 134.4% | 0.45% |
| 3 Yr | 8.0%* | -21.2% | 35.4% | 45.59% |
| 5 Yr | 15.6%* | -12.8% | 32.8% | 60.49% |
| 10 Yr | 14.2%* | -3.9% | 21.1% | 45.29% |
* Annualized
Total Return Ranking - Calendar
| Period | EKJFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 33.5% | -4.6% | 72.4% | 65.51% |
| 2022 | -33.6% | -61.7% | 5.6% | 72.66% |
| 2021 | 14.2% | -39.8% | 118.1% | 81.20% |
| 2020 | 40.0% | 2.8% | 149.2% | 32.59% |
| 2019 | 33.7% | -5.2% | 49.4% | 43.73% |
NAV & Total Return History
EKJFX - Holdings
Concentration Analysis
| EKJFX | Category Low | Category High | EKJFX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.34 B | 296 K | 287 B | 54.03% |
| Number of Holdings | 61 | 2 | 3061 | 49.18% |
| Net Assets in Top 10 | 630 M | 126 K | 150 B | 57.35% |
| Weighting of Top 10 | 47.46% | 0.7% | 205.0% | 69.43% |
Top 10 Holdings
- NVIDIA Corp 10.98%
- Microsoft Corp 10.50%
- Amazon.com Inc 5.44%
- Meta Platforms Inc 5.10%
- Eli Lilly Co 4.08%
- Apple Inc 3.62%
- Fair Isaac Corp 2.00%
- Arista Networks Inc 1.98%
- Tradeweb Markets Inc 1.89%
- Mastercard Inc 1.87%
Asset Allocation
| Weighting | Return Low | Return High | EKJFX % Rank | |
|---|---|---|---|---|
| Stocks | 99.99% | 0.00% | 123.52% | 6.17% |
| Cash | 0.09% | 0.00% | 173.52% | 84.12% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 66.79% |
| Other | 0.00% | -36.56% | 50.35% | 69.24% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 61.82% |
| Bonds | 0.00% | 0.00% | 102.71% | 63.25% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | EKJFX % Rank | |
|---|---|---|---|---|
| Technology | 34.86% | 0.00% | 65.70% | 54.82% |
| Consumer Cyclical | 16.27% | 0.00% | 62.57% | 44.82% |
| Healthcare | 15.62% | 0.00% | 39.76% | 21.45% |
| Financial Services | 12.33% | 0.00% | 43.06% | 26.18% |
| Communication Services | 11.57% | 0.00% | 66.40% | 38.36% |
| Industrials | 5.69% | 0.00% | 30.65% | 56.36% |
| Real Estate | 1.47% | 0.00% | 16.05% | 42.55% |
| Basic Materials | 1.37% | 0.00% | 18.91% | 44.45% |
| Consumer Defense | 0.81% | 0.00% | 25.50% | 83.09% |
| Utilities | 0.00% | 0.00% | 16.07% | 73.18% |
| Energy | 0.00% | 0.00% | 41.09% | 82.09% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | EKJFX % Rank | |
|---|---|---|---|---|
| US | 99.99% | 0.00% | 123.52% | 5.17% |
| Non US | 0.00% | 0.00% | 75.46% | 72.96% |
EKJFX - Expenses
Operational Fees
| EKJFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.73% | 0.01% | 28.71% | 70.49% |
| Management Fee | 0.68% | 0.00% | 1.50% | 67.92% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 12.17% |
| Administrative Fee | N/A | 0.01% | 1.02% | 12.00% |
Sales Fees
| EKJFX 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
| EKJFX 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.
| EKJFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 48.00% | 0.00% | 316.74% | 66.50% |
EKJFX - Distributions
Dividend Yield Analysis
| EKJFX | Category Low | Category High | EKJFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.58% | 1.00% |
Dividend Distribution Analysis
| EKJFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| EKJFX | Category Low | Category High | EKJFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.32% | -6.13% | 3.48% | 51.02% |
Capital Gain Distribution Analysis
| EKJFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 11, 2023 | $0.184 | CapitalGainShortTerm |
| Dec 11, 2023 | $1.937 | CapitalGainLongTerm |
| Sep 08, 2023 | $1.627 | CapitalGainLongTerm |
| Dec 09, 2021 | $4.086 | OrdinaryDividend |
| Dec 09, 2020 | $2.025 | OrdinaryDividend |
| Dec 10, 2019 | $1.106 | CapitalGainLongTerm |
| Dec 10, 2018 | $0.013 | CapitalGainShortTerm |
| Dec 10, 2018 | $2.343 | CapitalGainLongTerm |
| Dec 13, 2017 | $3.746 | CapitalGainLongTerm |
| Dec 09, 2016 | $1.433 | CapitalGainLongTerm |
| Dec 11, 2015 | $1.052 | CapitalGainLongTerm |
| Dec 11, 2014 | $0.212 | CapitalGainLongTerm |
EKJFX - Fund Manager Analysis
Managers
Thomas Ognar
Start Date
Tenure
Tenure Rank
May 20, 2010
12.04
12.0%
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
Dec 01, 2017
4.5
4.5%
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 |
