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Trending ETFs

Allspring Opportunity Fund

mutual fund
WOFNX
Payout Change
Suspended
Price as of:
$67.68 +0.42 +0.62%
primary theme
U.S. Large-Cap Growth Equity
WOFNX (Mutual Fund)

Allspring Opportunity Fund

Payout Change
Suspended
Price as of:
$67.68 +0.42 +0.62%
primary theme
U.S. Large-Cap Growth Equity
WOFNX (Mutual Fund)

Allspring Opportunity Fund

Payout Change
Suspended
Price as of:
$67.68 +0.42 +0.62%
primary theme
U.S. Large-Cap Growth 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

$67.68

$1.94 B

0.00%

0.87%

Vitals

YTD Return

17.6%

1 yr return

35.1%

3 Yr Avg Return

6.0%

5 Yr Avg Return

13.5%

Net Assets

$1.94 B

Holdings in Top 10

38.4%

52 WEEK LOW AND HIGH

$67.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.87%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 29.00%

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 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

$67.68

$1.94 B

0.00%

0.87%

WOFNX - Profile

Distributions

  • YTD Total Return 17.6%
  • 3 Yr Annualized Total Return 6.0%
  • 5 Yr Annualized Total Return 13.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Allspring Opportunity Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Jul 30, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Miller

Fund Description

Under normal circumstances, we invest:
at least 80% of the Fund’s total assets in equity securities; and
up to 25% of the Fund’s total assets in equity securities of foreign issuers, including ADRs and similar investments.
We may invest in the equity securities of companies of  any market capitalization.
We invest in equity securities of companies that we believe are underpriced yet have attractive growth prospects. Our analysis is based on the determination of a company’s “private market valuation,” which is the price an investor would be willing to pay for the entire company. We determine a company’s private market valuation based upon several types of analysis. We carry out a fundamental analysis of a company’s cash flows, asset valuations, competitive situation and industry specific factors. We also gauge the company’s management strength, financial health, and growth potential in determining a company’s private market valuation. We place an emphasis on a company’s management, even meeting with management in certain situations. Finally, we focus on the long-term strategic direction of a company. We then compare the private market valuation as determined by these factors to the company’s public market price, and invest in the equity securities of those companies where we believe there is a significant gap between the two. As part of our investment process, an assessment of environmental, social and governance (ESG) factors that are deemed to have material business and/or financial risk may be considered alongside other relevant factors. The ESG factors utilized in the Fund’s investment process may change over time, some factors may not be relevant with respect to all stocks and may or may not be determinative in the security selection process.
We may sell an investment when its market valuation no longer compares favorably with the company’s private market valuation. In addition, we may choose to sell an investment where the fundamentals deteriorate or the strategy of the management or the management itself changes.
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WOFNX - Performance

Return Ranking - Trailing

Period WOFNX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.6% -1.8% 41.7% 92.16%
1 Yr 35.1% 3.7% 57.4% 85.21%
3 Yr 6.0%* -28.2% 23.0% 53.09%
5 Yr 13.5%* -13.9% 29.7% 83.41%
10 Yr 11.6%* -4.8% 19.5% 83.31%

* Annualized

Return Ranking - Calendar

Period WOFNX Return Category Return Low Category Return High Rank in Category (%)
2023 22.6% -74.1% 72.4% 81.45%
2022 -27.1% -85.9% 4.7% 18.40%
2021 13.2% -52.4% 60.5% 33.89%
2020 14.6% -34.3% 145.0% 87.01%
2019 24.7% -6.9% 49.4% 50.25%

Total Return Ranking - Trailing

Period WOFNX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.6% -1.8% 41.7% 92.16%
1 Yr 35.1% 3.7% 57.4% 85.21%
3 Yr 6.0%* -28.2% 23.0% 53.09%
5 Yr 13.5%* -13.9% 29.7% 83.41%
10 Yr 11.6%* -4.8% 19.5% 83.31%

* Annualized

Total Return Ranking - Calendar

Period WOFNX Return Category Return Low Category Return High Rank in Category (%)
2023 26.9% -4.6% 72.4% 82.90%
2022 -20.5% -61.7% 5.6% 12.33%
2021 25.0% -39.8% 118.1% 28.41%
2020 21.5% 2.8% 149.2% 91.05%
2019 31.9% -5.2% 49.4% 61.68%

NAV & Total Return History


WOFNX - Holdings

Concentration Analysis

WOFNX Category Low Category High WOFNX % Rank
Net Assets 1.94 B 292 K 287 B 44.06%
Number of Holdings 55 2 3061 58.24%
Net Assets in Top 10 721 M 126 K 151 B 53.56%
Weighting of Top 10 38.39% 0.7% 205.0% 87.00%

Top 10 Holdings

  1. Amazon.com Inc 5.59%
  2. Apple Inc 5.50%
  3. Alphabet Inc 5.47%
  4. Salesforce Inc 3.96%
  5. Mastercard Inc 3.51%
  6. ALLSPRING GOVERNMENT MONEY MAR 3.40%
  7. Meta Platforms Inc 3.29%
  8. Texas Instruments Inc 3.02%
  9. HEICO Corp 2.61%
  10. Carlisle Cos Inc 2.06%

Asset Allocation

Weighting Return Low Return High WOFNX % Rank
Stocks
96.64% 0.00% 115.30% 85.51%
Cash
3.40% 0.00% 173.52% 12.96%
Preferred Stocks
0.00% 0.00% 10.69% 54.55%
Other
0.00% -31.50% 50.35% 57.70%
Convertible Bonds
0.00% 0.00% 1.94% 47.70%
Bonds
0.00% 0.00% 102.71% 49.32%

Stock Sector Breakdown

Weighting Return Low Return High WOFNX % Rank
Technology
28.60% 0.00% 65.70% 74.03%
Industrials
13.29% 0.00% 30.65% 6.58%
Healthcare
11.43% 0.00% 39.76% 61.41%
Financial Services
10.62% 0.00% 43.06% 34.72%
Consumer Cyclical
10.07% 0.00% 62.57% 85.03%
Communication Services
8.77% 0.00% 66.40% 68.98%
Real Estate
8.43% 0.00% 16.05% 0.63%
Consumer Defense
4.86% 0.00% 25.50% 34.27%
Basic Materials
3.93% 0.00% 18.91% 11.45%
Utilities
0.00% 0.00% 16.07% 63.03%
Energy
0.00% 0.00% 41.09% 76.65%

Stock Geographic Breakdown

Weighting Return Low Return High WOFNX % Rank
US
95.17% 0.00% 115.30% 81.01%
Non US
1.47% 0.00% 75.51% 23.40%

WOFNX - Expenses

Operational Fees

WOFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.01% 28.71% 57.18%
Management Fee 0.72% 0.00% 1.50% 75.61%
12b-1 Fee 0.00% 0.00% 1.00% 9.23%
Administrative Fee N/A 0.01% 1.02% 59.84%

Sales Fees

WOFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WOFNX 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.

WOFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.00% 0.00% 316.74% 44.90%

WOFNX - Distributions

Dividend Yield Analysis

WOFNX Category Low Category High WOFNX % Rank
Dividend Yield 0.00% 0.00% 27.58% 71.35%

Dividend Distribution Analysis

WOFNX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

WOFNX Category Low Category High WOFNX % Rank
Net Income Ratio 0.05% -6.13% 3.48% 22.36%

Capital Gain Distribution Analysis

WOFNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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WOFNX - Fund Manager Analysis

Managers

Christopher Miller


Start Date

Tenure

Tenure Rank

Mar 01, 2017

5.25

5.3%

Christopher G. Miller, CFA Mr. Miller joined Wells Capital Management or one of its predecessor firms in 2002, where he currently serves as an associate portfolio manager on the PMV Equity team at Wells Capital Management.

Kurt Gunderson


Start Date

Tenure

Tenure Rank

Feb 01, 2020

2.33

2.3%

Kurt Gunderson is a portfolio manager for the Select Equity team at Allspring Global Investments and serves as co-portfolio manager of the Select Equity All Cap Equity strategy. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to his current role he was an associate portfolio manager and analyst. Kurt joined WFAM from Strong Capital Management where he was an analyst. Prior to joining the team Kurt was director of information technology in retirement plan services at Strong Capital Management. Earlier in his career, he was a technology consultant and manager. Kurt began his investment industry career in 2001. He earned a bachelor’s degree in kinesiology from the University of California, Los Angeles, and a master’s degree in business administration with an emphasis in finance and investments from the University of Wisconsin, Madison.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.23 3.08