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Trending ETFs

Allspring Discovery Innovation Fund

mutual fund
WFSTX
Payout Change
Suspended
Price as of:
$13.06 +0.16 +1.24%
primary theme
Technology Sector Equity
WFSTX (Mutual Fund)

Allspring Discovery Innovation Fund

Payout Change
Suspended
Price as of:
$13.06 +0.16 +1.24%
primary theme
Technology Sector Equity
WFSTX (Mutual Fund)

Allspring Discovery Innovation Fund

Payout Change
Suspended
Price as of:
$13.06 +0.16 +1.24%
primary theme
Technology Sector Equity

Name

As of 11/07/2024

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

$13.06

$441 M

0.00%

1.30%

Vitals

YTD Return

20.7%

1 yr return

37.6%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

15.0%

Net Assets

$441 M

Holdings in Top 10

33.6%

52 WEEK LOW AND HIGH

$12.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.30%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 93.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/07/2024

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

$13.06

$441 M

0.00%

1.30%

WFSTX - Profile

Distributions

  • YTD Total Return 20.7%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return 15.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Allspring Discovery Innovation Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Sep 18, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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, and gain market share from competitors. 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. An important criteria for “right side of change” companies is that they are benefitting from changes in technological, demographic, lifestyle, or environmental trends.  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. 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.  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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WFSTX - Performance

Return Ranking - Trailing

Period WFSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.7% -19.9% 51.9% 77.73%
1 Yr 37.6% -6.5% 80.1% 79.55%
3 Yr -2.4%* -34.8% 21.5% 80.56%
5 Yr 15.0%* -9.7% 33.1% 72.50%
10 Yr 15.4%* 1.3% 27.7% 65.79%

* Annualized

Return Ranking - Calendar

Period WFSTX Return Category Return Low Category Return High Rank in Category (%)
2023 34.7% -5.6% 96.9% 71.69%
2022 -51.9% -73.9% -16.4% 93.06%
2021 -12.0% -44.6% 51.5% 83.26%
2020 44.4% 5.5% 154.1% 47.76%
2019 18.8% -3.0% 63.7% 89.53%

Total Return Ranking - Trailing

Period WFSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.7% -19.9% 51.9% 77.73%
1 Yr 37.6% -6.5% 80.1% 79.55%
3 Yr -2.4%* -34.8% 21.5% 80.56%
5 Yr 15.0%* -9.7% 33.1% 72.50%
10 Yr 15.4%* 1.3% 27.7% 65.79%

* Annualized

Total Return Ranking - Calendar

Period WFSTX Return Category Return Low Category Return High Rank in Category (%)
2023 34.7% -2.3% 96.9% 79.45%
2022 -38.5% -67.5% -5.9% 65.74%
2021 13.4% -17.8% 59.2% 64.65%
2020 67.1% 17.5% 157.5% 21.39%
2019 29.4% 7.5% 66.9% 85.34%

NAV & Total Return History


WFSTX - Holdings

Concentration Analysis

WFSTX Category Low Category High WFSTX % Rank
Net Assets 441 M 4.67 M 81.2 B 62.90%
Number of Holdings 35 10 321 83.26%
Net Assets in Top 10 144 M 1.67 M 56.8 B 66.52%
Weighting of Top 10 33.62% 13.2% 100.0% 87.78%

Top 10 Holdings

  1. KLA Corp 3.81%
  2. Trade Desk Inc/The 3.63%
  3. Motorola Solutions Inc 3.40%
  4. Intuitive Surgical Inc 3.34%
  5. Monolithic Power Systems Inc 3.32%
  6. Tyler Technologies Inc 3.31%
  7. Waste Connections Inc 3.25%
  8. MercadoLibre Inc 3.20%
  9. Axon Enterprise Inc 3.19%
  10. SP Global Inc 3.18%

Asset Allocation

Weighting Return Low Return High WFSTX % Rank
Stocks
99.20% 0.00% 100.77% 50.23%
Cash
0.86% 0.00% 26.97% 60.18%
Preferred Stocks
0.00% 0.00% 8.61% 57.92%
Other
0.00% -0.04% 26.87% 56.56%
Convertible Bonds
0.00% 0.00% 0.40% 47.96%
Bonds
0.00% 0.00% 87.98% 47.51%

Stock Sector Breakdown

Weighting Return Low Return High WFSTX % Rank
Technology
75.20% 2.80% 100.00% 34.39%
Consumer Cyclical
9.80% 0.00% 32.97% 24.89%
Communication Services
8.64% 0.00% 97.05% 57.01%
Financial Services
5.88% 0.00% 38.36% 36.65%
Industrials
0.48% 0.00% 38.68% 57.92%
Utilities
0.00% 0.00% 5.17% 45.70%
Real Estate
0.00% 0.00% 15.05% 59.28%
Healthcare
0.00% 0.00% 25.57% 75.57%
Energy
0.00% 0.00% 1.24% 46.15%
Consumer Defense
0.00% 0.00% 5.64% 52.04%
Basic Materials
0.00% 0.00% 2.38% 52.49%

Stock Geographic Breakdown

Weighting Return Low Return High WFSTX % Rank
US
99.20% 0.00% 100.77% 33.94%
Non US
0.00% 0.00% 63.81% 71.49%

WFSTX - Expenses

Operational Fees

WFSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.08% 5.04% 29.55%
Management Fee 0.80% 0.03% 1.95% 66.52%
12b-1 Fee 0.00% 0.00% 1.00% 16.39%
Administrative Fee N/A 0.00% 0.50% 66.30%

Sales Fees

WFSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 3.50% 5.75% 42.86%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

WFSTX 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.

WFSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 93.00% 0.69% 281.00% 89.77%

WFSTX - Distributions

Dividend Yield Analysis

WFSTX Category Low Category High WFSTX % Rank
Dividend Yield 0.00% 0.00% 7.82% 61.54%

Dividend Distribution Analysis

WFSTX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annual

Net Income Ratio Analysis

WFSTX Category Low Category High WFSTX % Rank
Net Income Ratio -1.02% -2.30% 2.08% 79.72%

Capital Gain Distribution Analysis

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

Distributions History

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WFSTX - 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 8.25 1.41