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Allspring Emerging Growth Fund
mutual fund
WEGRX
Payout Change
Suspended
Price as of:
$13.88
-0.3
-2.12%
primary theme
U.S. Small-Cap Growth Equity
share class
WEGRX (Mutual Fund)
Allspring Emerging Growth Fund
Payout Change
Suspended
Price as of:
$13.88
-0.3
-2.12%
primary theme
U.S. Small-Cap Growth Equity
share class
WEGRX (Mutual Fund)
Allspring Emerging Growth Fund
Payout Change
Suspended
Price as of:
$13.88
-0.3
-2.12%
primary theme
U.S. Small-Cap Growth Equity
share class
Name
As of 12/09/2024Price
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
26.4%
1 yr return
33.6%
3 Yr Avg Return
-4.0%
5 Yr Avg Return
8.9%
Net Assets
$270 M
Holdings in Top 10
30.1%
52 WEEK LOW AND HIGH
$14.2
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 12/09/2024Price
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
WEGRX - Profile
Distributions
- YTD Total Return 26.4%
- 3 Yr Annualized Total Return -4.0%
- 5 Yr Annualized Total Return 8.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.68%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Emerging Growth Fund
-
Fund Family NameAllspring Funds
-
Inception DateJul 31, 2018
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas 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.
WEGRX - Performance
Return Ranking - Trailing
| Period | WEGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 26.4% | 2.0% | 88.6% | 22.04% |
| 1 Yr | 33.6% | 7.4% | 90.1% | 25.93% |
| 3 Yr | -4.0%* | -13.9% | 63.4% | 88.18% |
| 5 Yr | 8.9%* | -2.4% | 48.3% | 59.49% |
| 10 Yr | N/A* | 2.2% | 25.7% | 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% | 96.28% |
| 2022 | -34.4% | -82.1% | 32.2% | 71.29% |
| 2021 | -20.7% | -90.6% | 300.1% | 86.04% |
| 2020 | 30.4% | -63.0% | 127.9% | 45.21% |
| 2019 | 19.6% | -7.7% | 42.9% | 62.58% |
Total Return Ranking - Trailing
| Period | WEGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 26.4% | 2.0% | 88.6% | 22.04% |
| 1 Yr | 33.6% | 7.4% | 90.1% | 25.93% |
| 3 Yr | -4.0%* | -13.9% | 63.4% | 88.18% |
| 5 Yr | 8.9%* | -2.4% | 48.3% | 59.49% |
| 10 Yr | N/A* | 2.2% | 25.7% | 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% | 97.58% |
| 2022 | -34.4% | -59.9% | 44.3% | 80.49% |
| 2021 | 7.9% | -22.7% | 411.9% | 57.17% |
| 2020 | 58.8% | 1.5% | 150.8% | 15.07% |
| 2019 | 25.7% | 5.5% | 55.3% | 69.01% |
NAV & Total Return History
WEGRX - Holdings
Concentration Analysis
| WEGRX | Category Low | Category High | WEGRX % Rank | |
|---|---|---|---|---|
| Net Assets | 270 M | 209 K | 34.3 B | 73.70% |
| Number of Holdings | 83 | 7 | 1226 | 65.93% |
| Net Assets in Top 10 | 111 M | 53.8 K | 3.02 B | 56.85% |
| Weighting of Top 10 | 30.07% | 7.5% | 100.0% | 24.68% |
Top 10 Holdings
- ASGN Inc 3.76%
- Rapid7 Inc 3.56%
- Kinsale Capital Group Inc 3.32%
- SPS Commerce Inc 3.29%
- ShockWave Medical Inc 3.20%
- Wf Sec Lending Cash Invst Llc Wbbs 3.19%
- Inspire Medical Systems Inc 2.71%
- Boot Barn Holdings Inc 2.69%
- Crocs Inc 2.63%
- Zurn Water Solutions Corp 2.62%
Asset Allocation
| Weighting | Return Low | Return High | WEGRX % Rank | |
|---|---|---|---|---|
| Stocks | 96.72% | 92.05% | 107.62% | 77.59% |
| Cash | 3.28% | 0.00% | 28.78% | 30.93% |
| Preferred Stocks | 0.00% | 0.00% | 4.59% | 93.15% |
| Other | 0.00% | -0.26% | 6.70% | 91.11% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 92.22% |
| Bonds | 0.00% | 0.00% | 2.40% | 92.41% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WEGRX % Rank | |
|---|---|---|---|---|
| Technology | 40.65% | 2.91% | 75.51% | 3.33% |
| Healthcare | 25.58% | 0.00% | 47.90% | 26.30% |
| Consumer Cyclical | 12.34% | 0.00% | 24.04% | 49.26% |
| Industrials | 11.00% | 0.00% | 36.64% | 90.37% |
| Financial Services | 5.45% | 0.00% | 42.95% | 67.78% |
| Consumer Defense | 4.19% | 0.00% | 13.56% | 46.11% |
| Communication Services | 0.79% | 0.00% | 15.31% | 73.15% |
| Utilities | 0.00% | 0.00% | 5.57% | 94.81% |
| Real Estate | 0.00% | 0.00% | 15.31% | 98.33% |
| Energy | 0.00% | 0.00% | 55.49% | 99.44% |
| Basic Materials | 0.00% | 0.00% | 9.24% | 99.07% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WEGRX % Rank | |
|---|---|---|---|---|
| US | 94.86% | 17.30% | 107.62% | 83.89% |
| Non US | 1.86% | 0.00% | 77.12% | 13.33% |
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% | 74.03% |
| Management Fee | 0.85% | 0.05% | 1.62% | 74.58% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 21.36% |
| Administrative Fee | 0.05% | 0.01% | 0.40% | 30.89% |
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% | 45.67% |
WEGRX - Distributions
Dividend Yield Analysis
| WEGRX | Category Low | Category High | WEGRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 95.00% |
Dividend Distribution Analysis
| WEGRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| WEGRX | Category Low | Category High | WEGRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.68% | -2.47% | 1.10% | 47.00% |
Capital Gain Distribution Analysis
| WEGRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2021 | $5.509 | CapitalGainLongTerm |
| Dec 11, 2020 | $4.148 | OrdinaryDividend |
| Dec 12, 2019 | $0.764 | CapitalGainLongTerm |
| Dec 12, 2018 | $0.333 | CapitalGainShortTerm |
| Dec 12, 2018 | $2.843 | CapitalGainLongTerm |
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 | 9.17 | 5.25 |
