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Allspring Special International Small Cap Fund
mutual fund
WICIX
Payout Change
Pending
Price as of:
$11.87
-0.06
-0.5%
primary theme
International Mid-Cap Blend Equity
share class
WICIX (Mutual Fund)
Allspring Special International Small Cap Fund
Payout Change
Pending
Price as of:
$11.87
-0.06
-0.5%
primary theme
International Mid-Cap Blend Equity
share class
WICIX (Mutual Fund)
Allspring Special International Small Cap Fund
Payout Change
Pending
Price as of:
$11.87
-0.06
-0.5%
primary theme
International Mid-Cap Blend 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
3.4%
1 yr return
8.8%
3 Yr Avg Return
-2.4%
5 Yr Avg Return
3.0%
Net Assets
$198 M
Holdings in Top 10
28.1%
52 WEEK LOW AND HIGH
$11.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.29%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
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 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
WICIX - Profile
Distributions
- YTD Total Return 3.4%
- 3 Yr Annualized Total Return -2.4%
- 5 Yr Annualized Total Return 3.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.00%
- Dividend Yield 1.6%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Special International Small Cap Fund
-
Fund Family NameWells Fargo Funds
-
Inception DateMay 31, 2019
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBryant VanCronkhite
Fund Description
Under normal circumstances, we invest:
| ■ | at least 80% of the Fund’s net assets in equity securities of small-capitalization companies; |
| ■ | less than 10% of the Fund’s total assets in emerging market equity securities; and |
| ■ | in a number of countries throughout the world and may invest more than 25% of the Fund’s total assets in any one country. |
We invest principally in equity securities of small-capitalization companies of foreign issuers, which we define as companies with market capitalizations within the range of the MSCI World ex USA Small Cap Index at the time of purchase. The market capitalization range of the MSCI World ex-U.S. Small Cap Index was approximately $126.83 million to $19.36 billion, as of January 31, 2024, and is expected to change frequently. We consider foreign securities to be securities: (1) issued by companies with their principal place of business or principal office or both, as determined in our reasonable discretion, in a country other than the U.S.; or (2) issued by companies for which the principal securities trading market is a country other than the U.S.
In selecting equity investments for the Fund, the portfolio managers attempt to identify companies that are well managed, have flexible balance sheets and sustainable cash flows, and that are undervalued companies relative to an assessment of their intrinsic value. A flexible balance sheet is supported by several metrics including, but not limited to, the quantity of debt relative to the cash flows of the enterprise, the location of debt within the capital structure, the maturity profile of existing debt, the type of debt and any debt covenant restrictions. We believe the international small-capitalization markets are inefficient and that stocks are often inappropriately valued. Our process utilizes both fundamentally based, bottom-up techniques with top-down, industry and sector analysis to identify global opportunities. Furthermore, an analysis of the risk materiality and management of environmental, social and governance risks are considered within the stock selection process and a stock could be excluded from consideration and/or sold from the portfolio as a result of these risks. We conduct ongoing review, research, and analysis of our portfolio holdings. We may sell a stock if it achieves our investment objective for the position, if a stock’s fundamentals or price change significantly, if we change our view of a country or sector, or if the stock no longer fits within the risk characteristics of the Fund’s portfolio.
WICIX - Performance
Return Ranking - Trailing
| Period | WICIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.4% | -2.3% | 14.1% | 74.39% |
| 1 Yr | 8.8% | 4.8% | 19.7% | 70.73% |
| 3 Yr | -2.4%* | -5.0% | 6.3% | 83.75% |
| 5 Yr | 3.0%* | 1.0% | 8.5% | 87.01% |
| 10 Yr | N/A* | 3.7% | 7.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | WICIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.0% | 1.1% | 25.3% | 82.93% |
| 2022 | -22.3% | -35.4% | -13.9% | 70.00% |
| 2021 | 11.4% | -5.3% | 14.4% | 11.69% |
| 2020 | 9.5% | 3.1% | 17.0% | 45.45% |
| 2019 | N/A | 13.1% | 25.4% | N/A |
Total Return Ranking - Trailing
| Period | WICIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.4% | -2.3% | 14.1% | 74.39% |
| 1 Yr | 8.8% | 4.8% | 19.7% | 70.73% |
| 3 Yr | -2.4%* | -5.0% | 6.3% | 83.75% |
| 5 Yr | 3.0%* | 1.0% | 8.5% | 87.01% |
| 10 Yr | N/A* | 3.7% | 7.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | WICIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.8% | 2.5% | 25.8% | 89.02% |
| 2022 | -21.4% | -35.4% | -10.9% | 77.50% |
| 2021 | 13.0% | 7.7% | 18.9% | 48.05% |
| 2020 | 10.3% | 3.5% | 18.1% | 54.55% |
| 2019 | N/A | 17.4% | 32.7% | N/A |
NAV & Total Return History
WICIX - Holdings
Concentration Analysis
| WICIX | Category Low | Category High | WICIX % Rank | |
|---|---|---|---|---|
| Net Assets | 198 M | 6.37 M | 12.1 B | 80.49% |
| Number of Holdings | 76 | 2 | 4796 | 89.02% |
| Net Assets in Top 10 | 55.1 M | 1.72 M | 12.6 B | 70.73% |
| Weighting of Top 10 | 28.13% | 5.7% | 102.9% | 17.07% |
Top 10 Holdings
- ALLSPRING GOVERNMENT MONEY MAR 4.34%
- MEITEC Group Holdings Inc 3.06%
- Spectris PLC 3.05%
- Ansell Ltd 2.82%
- Viscofan SA 2.76%
- Alten SA 2.74%
- PrairieSky Royalty Ltd 2.52%
- DTS Corp 2.42%
- Buzzi SpA 2.27%
- Tate Lyle PLC 2.15%
Asset Allocation
| Weighting | Return Low | Return High | WICIX % Rank | |
|---|---|---|---|---|
| Stocks | 95.41% | 91.15% | 102.39% | 68.29% |
| Cash | 4.59% | 0.00% | 8.90% | 28.05% |
| Preferred Stocks | 0.00% | 0.00% | 3.71% | 54.88% |
| Other | 0.00% | -2.44% | 44.35% | 74.39% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 34.57% |
| Bonds | 0.00% | 0.00% | 0.21% | 39.02% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WICIX % Rank | |
|---|---|---|---|---|
| Industrials | 23.98% | 12.46% | 32.63% | 33.33% |
| Technology | 20.18% | 9.14% | 22.43% | 7.41% |
| Consumer Cyclical | 16.76% | 9.23% | 27.42% | 22.22% |
| Consumer Defense | 12.17% | 2.29% | 12.17% | 1.23% |
| Healthcare | 7.58% | 0.00% | 18.67% | 28.40% |
| Real Estate | 6.25% | 0.00% | 12.22% | 72.84% |
| Basic Materials | 5.49% | 0.02% | 13.14% | 69.14% |
| Communication Services | 2.87% | 1.47% | 8.56% | 75.31% |
| Financial Services | 2.85% | 2.16% | 21.69% | 96.30% |
| Energy | 1.88% | 0.00% | 12.34% | 66.67% |
| Utilities | 0.00% | 0.00% | 4.57% | 92.59% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WICIX % Rank | |
|---|---|---|---|---|
| Non US | 92.42% | 0.00% | 99.39% | 71.95% |
| US | 2.99% | 0.00% | 102.39% | 30.49% |
WICIX - Expenses
Operational Fees
| WICIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.29% | 0.08% | 7.36% | 45.12% |
| Management Fee | 0.95% | 0.05% | 1.03% | 70.73% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 10.26% |
| Administrative Fee | 0.13% | 0.03% | 0.25% | 85.00% |
Sales Fees
| WICIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.00% | 1.00% | N/A |
Trading Fees
| WICIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| WICIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 1.00% | 185.00% | 23.68% |
WICIX - Distributions
Dividend Yield Analysis
| WICIX | Category Low | Category High | WICIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.64% | 0.00% | 3.84% | 51.22% |
Dividend Distribution Analysis
| WICIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| WICIX | Category Low | Category High | WICIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.00% | 0.03% | 2.41% | 61.73% |
Capital Gain Distribution Analysis
| WICIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 27, 2023 | $0.195 | OrdinaryDividend |
| Dec 28, 2022 | $0.125 | OrdinaryDividend |
| Dec 29, 2021 | $0.057 | OrdinaryDividend |
| Dec 09, 2021 | $0.125 | OrdinaryDividend |
| Dec 29, 2020 | $0.040 | OrdinaryDividend |
| Dec 09, 2020 | $0.040 | CapitalGainLongTerm |
| Dec 27, 2019 | $0.130 | OrdinaryDividend |
| Dec 10, 2019 | $0.109 | CapitalGainShortTerm |
WICIX - Fund Manager Analysis
Managers
Bryant VanCronkhite
Start Date
Tenure
Tenure Rank
May 31, 2019
3.0
3.0%
Bryant VanCronkhite is a managing director, co-team leader, and senior portfolio manager for the Special Global Equity team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to this, Bryant was a senior research analyst on the team, which he joined in 2004 before the acquisition of Strong Capital Management. Earlier, Bryant was a mutual fund accountant for Strong. He began his investment industry career in 2003. He earned a bachelor’s degree and a master’s degree in professional accountancy from the University of Wisconsin, Whitewater, and is a certified public accountant. Bryant has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Society Milwaukee and the AICPA.
Oleg Makhorine
Start Date
Tenure
Tenure Rank
May 31, 2019
3.0
3.0%
Oleg Makhorine is a portfolio manager for the Special Global Equity and Precious Metals teams at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to his current role, he served as a senior research analyst for the Berkeley Street International Equity team, having joined WFAM from the Evergreen merger. Before that, Oleg served as partner and portfolio manager with Sphynx Funds and as an international equities analyst with Mackenzie Investment Management. Earlier, he was a financial analyst and emerging markets analyst with L.E. Holdings. Oleg earned a bachelor’s degree in finance from the International Business Academy and a master’s degree in finance from Florida International University. He is a member of CFA Society Miami.
James Tringas
Start Date
Tenure
Tenure Rank
May 31, 2019
3.0
3.0%
Jim Tringas is a managing director, co-team leader, and senior portfolio manager for the Special Global Equity team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM from Evergreen Investments, where he began his investment industry career in 1994, which includes serving as a portfolio manager with Wachovia Asset Management Group. Prior to this, he served as a senior consultant in the Personal Financial Group of Ernst & Young. Jim earned a bachelor’s degree and a master’s degree in accounting from the University of Florida. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Society Boston.
Stephen Giggie
Start Date
Tenure
Tenure Rank
Apr 15, 2020
2.13
2.1%
Stephen Giggie is a research analyst for the Special Global Equity team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM from Evergreen Investments, where he was a product manager. He began his investment industry career as a portfolio verification analyst for MFS Investment Management. Stephen earned a bachelor’s degree in business administration with an emphasis in finance from Suffolk University, graduating magna cum laude. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Society Boston.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 21.76 | 7.63 | 18.43 |
