Allspring Discovery All Cap Growth Fund
Data updated: 2024-06-25
C000089498 — Allspring Discovery All Cap Growth Fund. United States Large Cap Growth Equity · $745.06M AUM. Holdings, fees, performance and SEC filings.
C000089498 Fund Overview
Allspring Discovery All Cap Growth Fund is a US mutual fund managed by Allspring Funds Trust, categorised as United States Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Allspring Funds Trust
- Category: United States Large Cap Growth Equity
- Assets under management: $745.06M
- 1-year return: 23.1%
- SEC CIK: 0001081400
- SEC series ID: S000029110
- Share class ID: C000089498
C000089498 Investment Objective and Strategy
Allspring Discovery All Cap Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Allspring Funds Trust.
Investment objective
The Fund seeks long-term capital appreciation.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its total assets in equity securities; and may invest up to 25% of the its 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 seek to identify companies that have the prospect for improving 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 balance sheet metrics such as changes in working capital, property, plant and equipment growth, inventory levels, accounts receivable, and acquisitions.
We also look at how management teams allocate capital in order to drive future cash flow. 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. 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. 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.
We may invest in any sector, and at times we may emphasize one or more particular sectors. We may choose to sell a holding when it no longer offers favorable growth prospects, or reaches our target price, or to take advantage of a better investment opportunity.
C000089498 Holdings
Top 10 holdings of Allspring Discovery All Cap Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Microsoft Corp | 11.53% |
| Amazon.com Inc | 7.23% |
| Meta Platforms Inc | 4.19% |
| Visa Inc | 3.60% |
| NVIDIA Corp | 3.26% |
| Alphabet Inc | 3.02% |
| Chipotle Mexican Grill Inc | 2.69% |
| Eli Lilly & Co | 2.12% |
| Waste Connections Inc | 2.00% |
| Vertiv Holdings Co | 2.00% |
C000089498 Portfolio Allocation
Asset-class allocation of Allspring Discovery All Cap Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
| Cash & Equivalents | 0.1% |
C000089498 Performance
Total returns for C000089498 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 23.1% |
| 3 years (annualised) | 10.6% |
C000089498 Risk Information
Risk metrics for C000089498, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.6%
C000089498 Costs and Fees
C000089498 costs about $199 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.99%
- Gross expense ratio: 2.03%
- Portfolio turnover: 21%
- Brokerage commissions: 1.42 bps of average net assets (SEC N-CEN)
C000089498 Cashflows
Over the 12 months to 2024-04, Allspring Discovery All Cap Growth Fund had net outflows of $40.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-04 | −$5.79M |
| 2024-03 | −$5.41M |
| 2024-02 | −$7.14M |
| 2024-01 | −$6.78M |
| 2023-12 | $24.06M |
| 2023-11 | −$6.37M |
C000089498 Debt Constituents
No individual debt constituents are reported in Allspring Discovery All Cap Growth Fund's latest SEC N-PORT filing.
C000089498 Prospectus and SEC Filings
Official Allspring Discovery All Cap Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-11-21
- Prospectus (485BPOS) — filed 2022-11-23
- Prospectus supplement (497) — filed 2023-06-30
- Portfolio holdings (N-PORT) — filed 2024-06-25
- Portfolio holdings (N-PORT) — filed 2024-03-28
- Portfolio holdings (N-PORT) — filed 2023-12-27
- Annual census (N-CEN) — filed 2023-10-06
- Annual census (N-CEN) — filed 2022-10-14
Related Funds
Other United States Large Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.