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Allspring Small Company Growth Fund
mutual fund
WFSAX
Payout Change
Suspended
Price as of:
$33.67
+0.13
+0.39%
primary theme
U.S. Small-Cap Growth Equity
share class
WFSAX (Mutual Fund)
Allspring Small Company Growth Fund
Payout Change
Suspended
Price as of:
$33.67
+0.13
+0.39%
primary theme
U.S. Small-Cap Growth Equity
share class
WFSAX (Mutual Fund)
Allspring Small Company Growth Fund
Payout Change
Suspended
Price as of:
$33.67
+0.13
+0.39%
primary theme
U.S. Small-Cap Growth Equity
share class
Name
As of 12/06/2024Price
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
14.1%
1 yr return
23.3%
3 Yr Avg Return
1.7%
5 Yr Avg Return
9.0%
Net Assets
$545 M
Holdings in Top 10
17.1%
52 WEEK LOW AND HIGH
$33.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.34%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 44.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
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
WFSAX - Profile
Distributions
- YTD Total Return 14.1%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return 9.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.85%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Small Company Growth Fund
-
Fund Family NameAllspring Funds
-
Inception DateJan 30, 2004
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul von Kuster
Fund Description
Under normal circumstances, we invest:
| ■ | at least 80% of the Fund’s net assets in equity securities of small-capitalization companies. |
The Fund is a feeder fund that invests substantially all of its assets in the Small Company 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.
We may also invest in equity securities of foreign issuers through American Depository Receipts (ADRs) and similar investments.
In selecting securities for the Fund, we conduct rigorous research to identify companies where the prospects for rapid earnings growth (Discovery phase) or significant change (Rediscovery phase) have yet to be well understood, and are therefore not reflected in the current stock price. This research includes meeting with the management of several hundred companies each year and conducting independent external research. Companies that fit into the Discovery phase are those with rapid long-term (3-5 year) earnings growth prospects. Companies that fit into the Rediscovery phase are those that have the prospect for sharply accelerating near-term earnings (next 12-18 months), or companies selling at a meaningful discount to their underlying asset value. We may decrease certain stock holdings when their positions rise relative to the overall portfolio. We may sell a stock in its entirety when it reaches our sell target price, which is set at the time of purchase. We may also sell stocks that experience adverse fundamental news, have significant short-term price declines, or in order to provide funds for new stock purchases.
WFSAX - Performance
Return Ranking - Trailing
| Period | WFSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.1% | 2.6% | 90.9% | 86.48% |
| 1 Yr | 23.3% | 8.6% | 94.2% | 86.30% |
| 3 Yr | 1.7%* | -13.6% | 62.7% | 53.10% |
| 5 Yr | 9.0%* | -2.5% | 48.2% | 61.06% |
| 10 Yr | 8.8%* | 2.0% | 25.4% | 69.69% |
* Annualized
Return Ranking - Calendar
| Period | WFSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.6% | -20.5% | 54.6% | 73.23% |
| 2022 | -31.9% | -82.1% | 32.2% | 64.73% |
| 2021 | -30.5% | -90.6% | 300.1% | 96.23% |
| 2020 | 9.9% | -63.0% | 127.9% | 97.85% |
| 2019 | 15.7% | -7.7% | 42.9% | 80.68% |
Total Return Ranking - Trailing
| Period | WFSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.1% | 2.6% | 90.9% | 86.48% |
| 1 Yr | 23.3% | 8.6% | 94.2% | 86.30% |
| 3 Yr | 1.7%* | -13.6% | 62.7% | 53.10% |
| 5 Yr | 9.0%* | -2.5% | 48.2% | 61.06% |
| 10 Yr | 8.8%* | 2.0% | 25.4% | 69.69% |
* Annualized
Total Return Ranking - Calendar
| Period | WFSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.7% | -19.0% | 136.8% | 39.96% |
| 2022 | -24.5% | -59.9% | 44.3% | 29.83% |
| 2021 | 15.2% | -22.7% | 411.9% | 28.68% |
| 2020 | 28.3% | 1.5% | 150.8% | 73.97% |
| 2019 | 26.0% | 5.5% | 55.3% | 67.40% |
NAV & Total Return History
WFSAX - Holdings
Concentration Analysis
| WFSAX | Category Low | Category High | WFSAX % Rank | |
|---|---|---|---|---|
| Net Assets | 545 M | 209 K | 34.3 B | 53.70% |
| Number of Holdings | 126 | 7 | 1226 | 29.44% |
| Net Assets in Top 10 | 140 M | 53.8 K | 3.02 B | 52.78% |
| Weighting of Top 10 | 17.11% | 7.5% | 100.0% | 78.48% |
Top 10 Holdings
- Allspring Government MMkt Select 3.52%
- Icon PLC 2.03%
- RealPage Inc 1.61%
- International Game Technology PLC 1.57%
- ASGN Inc 1.52%
- Ciena Corp 1.50%
- Syneos Health Inc Class A 1.49%
- Avantor Inc 1.46%
- Nuance Communications Inc 1.45%
- PTC Inc 1.44%
Asset Allocation
| Weighting | Return Low | Return High | WFSAX % Rank | |
|---|---|---|---|---|
| Stocks | 95.29% | 92.05% | 107.62% | 90.19% |
| Cash | 4.70% | 0.00% | 28.78% | 14.07% |
| Preferred Stocks | 0.00% | 0.00% | 4.59% | 91.30% |
| Other | 0.00% | -0.26% | 6.70% | 89.63% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 90.56% |
| Bonds | 0.00% | 0.00% | 2.40% | 90.93% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WFSAX % Rank | |
|---|---|---|---|---|
| Technology | 26.30% | 2.91% | 75.51% | 42.78% |
| Healthcare | 24.05% | 0.00% | 47.90% | 43.15% |
| Industrials | 18.94% | 0.00% | 36.64% | 30.00% |
| Financial Services | 9.58% | 0.00% | 42.95% | 26.11% |
| Consumer Cyclical | 8.28% | 0.00% | 24.04% | 89.44% |
| Basic Materials | 5.51% | 0.00% | 9.24% | 6.67% |
| Consumer Defense | 4.00% | 0.00% | 13.56% | 48.70% |
| Communication Services | 1.71% | 0.00% | 15.31% | 58.70% |
| Energy | 0.85% | 0.00% | 55.49% | 72.59% |
| Real Estate | 0.77% | 0.00% | 15.31% | 67.22% |
| Utilities | 0.00% | 0.00% | 5.57% | 93.89% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WFSAX % Rank | |
|---|---|---|---|---|
| US | 91.02% | 17.30% | 107.62% | 96.11% |
| Non US | 4.27% | 0.00% | 77.12% | 5.74% |
WFSAX - Expenses
Operational Fees
| WFSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.34% | 0.05% | 23.20% | 36.36% |
| Management Fee | 0.84% | 0.05% | 1.62% | 64.56% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 21.36% |
| Administrative Fee | 0.05% | 0.01% | 0.40% | 30.37% |
Sales Fees
| WFSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 3.50% | 5.75% | 47.06% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| WFSAX 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.
| WFSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 44.00% | 3.00% | 264.00% | 40.80% |
WFSAX - Distributions
Dividend Yield Analysis
| WFSAX | Category Low | Category High | WFSAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 94.44% |
Dividend Distribution Analysis
| WFSAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| WFSAX | Category Low | Category High | WFSAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.85% | -2.47% | 1.10% | 62.73% |
Capital Gain Distribution Analysis
| WFSAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2023 | $1.805 | CapitalGainLongTerm |
| Dec 13, 2022 | $3.023 | CapitalGainLongTerm |
| Dec 14, 2021 | $24.493 | OrdinaryDividend |
| Dec 11, 2020 | $8.975 | OrdinaryDividend |
| Dec 12, 2019 | $0.407 | CapitalGainShortTerm |
| Dec 12, 2019 | $4.101 | CapitalGainLongTerm |
| Dec 12, 2018 | $0.966 | CapitalGainShortTerm |
| Dec 12, 2018 | $3.139 | CapitalGainLongTerm |
| Dec 09, 2015 | $0.268 | CapitalGainLongTerm |
| Dec 09, 2014 | $0.173 | CapitalGainShortTerm |
| Dec 09, 2014 | $1.744 | CapitalGainLongTerm |
| Dec 11, 2013 | $1.365 | CapitalGainShortTerm |
| Dec 11, 2013 | $1.038 | CapitalGainLongTerm |
| Dec 14, 2007 | $1.945 | CapitalGainShortTerm |
| Dec 14, 2007 | $2.399 | CapitalGainLongTerm |
| Dec 14, 2006 | $2.831 | CapitalGainShortTerm |
| Dec 14, 2006 | $2.221 | CapitalGainLongTerm |
| Dec 14, 2005 | $0.041 | CapitalGainShortTerm |
| Dec 14, 2005 | $2.273 | CapitalGainLongTerm |
| Dec 13, 2004 | $0.175 | CapitalGainLongTerm |
WFSAX - Fund Manager Analysis
Managers
Paul von Kuster
Start Date
Tenure
Tenure Rank
Nov 11, 1994
27.57
27.6%
Paul is a Portfolio Manager for the Small Cap Growth style and shares the responsibility for fundamental research, stock selection and portfolio management with his team. Paul has been with the firm since its inception in 1984. He is a member of Peregrine's Board of Directors. Prior to Peregrine, Paul managed small cap funds for the Trust Department at Norwest Bank Minnesota, N.A. (now Wells Fargo Bank Minnesota, N.A.). He began his career with Norwest Bank Minnesota, N.A. in 1972 after graduating from Princeton. Paul is a member of the CFA Society of Minnesota and the CFA Institute.
Daniel Hagen
Start Date
Tenure
Tenure Rank
Feb 01, 2003
19.34
19.3%
Dan is a Portfolio Manager for the Small Cap Growth style and shares the responsibility for fundamental research, stock selection and portfolio management with his team. Dan joined Peregrine’s Small Cap Growth team in 1996 as a Research Analyst. He is a member of Peregrine's Board of Directors. Prior to Peregrine, Dan was a Managing Director and Assistant Manager for the Equity Strategy Group at Piper Jaffray. He joined Piper Jaffray as a Statistical Analyst in 1983, upon graduating from the University of Minnesota. Dan is a member of the CFA Society of Minnesota and the CFA Institute and a past board member of the Piper Jaffray Foundation. He regularly shares his financial expertise with a number of nonprofit organizations.
William Grierson
Start Date
Tenure
Tenure Rank
Apr 11, 2005
17.15
17.2%
Bill is a Portfolio Manager for the Small Cap Growth style and shares the responsibility for fundamental research, stock selection and portfolio management with his team. Bill joined Peregrine’s Small Cap Growth team in 2000 as a Securities Analyst. He is a member of Peregrine's Board of Directors. Prior to Peregrine, he was a Senior Research Analyst & Portfolio Manager with Kopp Investment Advisors for more than six years. Previously, he worked as a Reporting Analyst for Northern Trust. He graduated from Lawrence University in 1992. Bill is a member of the CFA Society of Minnesota and the CFA Institute.
Ryan Smith
Start Date
Tenure
Tenure Rank
Jan 12, 2021
1.38
1.4%
Ryan is a Associate Portfolio Manager for the Small Cap Growth style and shares the responsibility for fundamental research, stock selection and portfolio management with his team. Ryan joined Peregrine’s Small Cap Growth team in 2018. Prior to joining Peregrine, Ryan was a portfolio manager and an analyst on the small, SMID and mid cap growth strategies at RBC Global Asset Management (U.S.) for more than 10 years. Previously, he was an Equity Research Associate at William Blair & Company. He began his career at Ernst & Young. Ryan received his B.S. from Lehigh University and M.S. in Accountancy from the University of Notre Dame. He is a member of the CFA Society of Chicago, the CFA Institute and is a Certified Public Accountant (inactive).
Samuel Smith
Start Date
Tenure
Tenure Rank
Jan 12, 2021
1.38
1.4%
Sam is an Associate Portfolio Manager for the Small Cap Growth style and shares the responsibility for fundamental research, stock selection and portfolio management with his team. Upon graduation from the University of St. Thomas, Sam joined Peregrine in 2006 as a Portfolio Assistant. Sam is a member of the CFA Institute and a former board member of the CFA Society Minnesota, where he chaired the Advocacy and Public Awareness Committee.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |
