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Trending ETFs

Name

As of 03/26/2024

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

$12.54

$394 M

0.00%

0.98%

Vitals

YTD Return

6.7%

1 yr return

33.5%

3 Yr Avg Return

1.5%

5 Yr Avg Return

13.1%

Net Assets

$394 M

Holdings in Top 10

27.1%

52 WEEK LOW AND HIGH

$12.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.98%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 93.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$12.54

$394 M

0.00%

0.98%

WFTIX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 13.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.71%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Allspring Discovery Innovation Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Oct 31, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Walter Price

Fund Description

Under normal circumstances, we invest:
at least 80% of the Fund’s net assets in equity securities; and  
up to 25% of the Fund’s total assets in equity securities of foreign issuers, including up to 15% of the Fund’s total assets in equity securities of emerging markets issuers, directly or through ADRs and similar investments.
Under normal circumstances, we invest primarily in equity securities of companies of any market capitalization that we believe offer the potential for capital growth and are relevant to the Fund’s investment theme of innovation. We believe that companies relevant to this theme are those that derive a portion of their revenue from technology products or services, which we believe offers companies attractive opportunities for future growth through technological innovation. In selecting from this universe, we seek to identify companies that have, among other characteristics, the ability to develop or benefit from new products, services, or technological advancements that disrupt, or are expected to disrupt, existing markets or processes. We believe such companies can foster technological advancements to maximize efficiencies, establish pricing advantages, gain market share from competitors, and benefit from changes in demographic, lifestyle, or environmental trends. We believe innovation found in companies on the “right side of change” is often mispriced in today’s public equity markets and is a frequent signal or anomaly that we seek to exploit through our investment process. These companies will generally be part of the following industries or sectors: computer, software, communications equipment and services, internet retail, semi-conductor, health care, pharmaceuticals, biotechnology, defense and aerospace, energy equipment and services, nanotechnology, electric manufacturing services, transaction and payment processing services, information technology or communication services.
We may also invest in equity securities of foreign issuers, including emerging market issuers, through ADRs and similar investments. In order to capture opportunities from the broadening impact of innovation, we do not limit the fund’s exposure to any single industry or sector. We may invest in any sector, and at times the Fund may emphasize one or more particular sectors, and because we retain the flexibility to invest in a relatively small number of stocks, the Fund is also considered to be non-diversified. The Fund will invest at least 25% of the Fund’s assets in the technology sector.
We seek to identify companies that have the prospect for strong sales and earnings growth rates, that enjoy a competitive advantage (for example, dominant market share) and that we believe have effective management with a history of making investments that are in the best interests of shareholders (for example, companies with a history of earnings and sales growth that are in excess of total asset growth). We pay particular attention to how management teams allocate capital in order to drive future cash flow. In addition to meeting with management, we take a surround-the-company approach by surveying a company’s vendors, distributors, competitors and customers to obtain multiple perspectives that help us make better investment decisions. Portfolio holdings are continuously monitored for changes in fundamentals. 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. 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.
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WFTIX - Performance

Return Ranking - Trailing

Period WFTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -15.0% 28.6% 74.89%
1 Yr 33.5% -16.7% 81.1% 77.97%
3 Yr 1.5%* -30.8% 29.1% 73.99%
5 Yr 13.1%* -9.7% 35.6% 75.88%
10 Yr N/A* 0.3% 27.6% 42.70%

* Annualized

Return Ranking - Calendar

Period WFTIX Return Category Return Low Category Return High Rank in Category (%)
2023 35.2% -5.6% 96.9% 69.91%
2022 -51.0% -73.9% -16.4% 89.24%
2021 -10.6% -44.6% 51.5% 79.73%
2020 45.7% 5.5% 154.1% 43.75%
2019 19.5% -3.0% 63.7% 85.86%

Total Return Ranking - Trailing

Period WFTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -15.0% 28.6% 74.89%
1 Yr 33.5% -16.7% 81.1% 77.97%
3 Yr 1.5%* -30.8% 29.1% 73.99%
5 Yr 13.1%* -9.7% 35.6% 75.88%
10 Yr N/A* 0.3% 27.6% 41.99%

* Annualized

Total Return Ranking - Calendar

Period WFTIX Return Category Return Low Category Return High Rank in Category (%)
2023 35.2% -2.3% 96.9% 77.88%
2022 -38.4% -67.5% -5.9% 63.68%
2021 13.7% -17.8% 59.2% 60.36%
2020 67.6% 17.5% 157.5% 20.67%
2019 29.8% 7.5% 66.9% 83.33%

NAV & Total Return History


WFTIX - Holdings

Concentration Analysis

WFTIX Category Low Category High WFTIX % Rank
Net Assets 394 M 4.18 M 58.1 B 61.84%
Number of Holdings 39 10 319 77.63%
Net Assets in Top 10 119 M 1.23 M 40.5 B 65.35%
Weighting of Top 10 27.06% 11.5% 100.0% 92.11%

Top 10 Holdings

  1. HubSpot Inc 2.76%
  2. Crowdstrike Holdings Inc 2.74%
  3. Axon Enterprise Inc 2.72%
  4. Global-e Online Ltd 2.72%
  5. Globant SA 2.71%
  6. Waste Connections Inc 2.69%
  7. ServiceNow Inc 2.69%
  8. Dexcom Inc 2.68%
  9. Motorola Solutions Inc 2.68%
  10. Tyler Technologies Inc 2.67%

Asset Allocation

Weighting Return Low Return High WFTIX % Rank
Stocks
98.56% 0.00% 103.06% 50.00%
Cash
1.44% -0.14% 26.97% 52.63%
Preferred Stocks
0.00% 0.00% 7.72% 56.58%
Other
0.00% -0.04% 26.87% 54.82%
Convertible Bonds
0.00% 0.00% 0.40% 48.68%
Bonds
0.00% 0.00% 90.88% 48.25%

Stock Sector Breakdown

Weighting Return Low Return High WFTIX % Rank
Technology
75.20% 2.80% 100.00% 32.89%
Consumer Cyclical
9.80% 0.00% 32.97% 24.12%
Communication Services
8.64% 0.00% 97.05% 57.46%
Financial Services
5.88% 0.00% 38.36% 36.40%
Industrials
0.48% 0.00% 38.68% 58.33%
Utilities
0.00% 0.00% 5.17% 47.37%
Real Estate
0.00% 0.00% 15.05% 58.77%
Healthcare
0.00% 0.00% 25.57% 75.88%
Energy
0.00% 0.00% 1.24% 46.93%
Consumer Defense
0.00% 0.00% 5.64% 52.63%
Basic Materials
0.00% 0.00% 2.38% 51.75%

Stock Geographic Breakdown

Weighting Return Low Return High WFTIX % Rank
US
98.56% 0.00% 103.06% 32.89%
Non US
0.00% 0.00% 58.19% 71.93%

WFTIX - Expenses

Operational Fees

WFTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.08% 6.86% 51.98%
Management Fee 0.80% 0.03% 1.95% 67.98%
12b-1 Fee 0.00% 0.00% 1.00% 15.87%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

WFTIX 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% 4.00% N/A

Trading Fees

WFTIX 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.

WFTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 93.00% 0.69% 281.00% 89.44%

WFTIX - Distributions

Dividend Yield Analysis

WFTIX Category Low Category High WFTIX % Rank
Dividend Yield 0.00% 0.00% 7.37% 61.84%

Dividend Distribution Analysis

WFTIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Annual Annual

Net Income Ratio Analysis

WFTIX Category Low Category High WFTIX % Rank
Net Income Ratio -0.71% -2.30% 2.08% 68.30%

Capital Gain Distribution Analysis

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

Distributions History

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WFTIX - Fund Manager Analysis

Managers

Walter Price


Start Date

Tenure

Tenure Rank

Sep 18, 2000

21.71

21.7%

Mr. Price is a senior portfolio manager and managing director with Allianz Global Investors, which he joined in 1974. He is co-lead portfolio manager of the Global Technology strategy. He previously worked for Colonial Management, an investment advisory firm in Boston, where he became a senior analyst responsible for the chemical industry and the technology area.

Huachen Chen


Start Date

Tenure

Tenure Rank

Dec 31, 2004

17.42

17.4%

Mr. Chen is a senior portfolio manager, senior analyst and a managing director with Allianz Global Investors, which he joined in 1984. He is co-lead portfolio manager of the Global Technology strategy. Mr. Chen previously worked for IBM and Intel Corporation, where he had responsibilities for semiconductor process engineering. Mr. Chen has a B.S. in materials science and engineering from Cornell University, an M.S. in materials science and engineering from Northwestern University and an M.B.A. from the University of California, Berkeley. He is a CFA charterholder.

Michael Seidenberg


Start Date

Tenure

Tenure Rank

Aug 01, 2018

3.83

3.8%

Mr. Seidenberg is a portfolio manager, an analyst and a director with Allianz Global Investors, which he joined in 2009. He is a member of the Global Technology team in the US. Before joining the firm, he worked at a number of hedge funds, including Pequot Capital and Andor Capital. Before that, Mr. Seidenberg covered a range of technology sectors at Citadel Investment Group. He has also worked in the software industry and at Oracle Corporation, and was previously at Roche Laboratories in pharmaceutical and biotechnology sales. Mr. Seidenberg has a B.S. in business administration from the University of Colorado and an M.B.A. with concentrations in finance and accounting from Columbia Business School.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.43 8.4 1.41