Wells Fargo Factor Enhanced Small Cap Fund

C000191028 Fund Overview

Wells Fargo Factor Enhanced Small Cap Fund is a US mutual fund managed by Allspring Funds Trust, categorised as United States Real Estate. 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 Real Estate
• Assets under management: $956.94K
• SEC CIK: 0001081400
• SEC series ID: S000058276
• Share class ID: C000191028

C000191028 Investment Objective and Strategy

Wells Fargo Factor Enhanced Small Cap 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 to replicate the total return of the Wells Fargo Factor Enhanced Small Cap Index (the ""Index""), before fees and expenses."

Principal investment strategy

"The Fund is a feeder fund that invests substantially all of its assets in the Wells Fargo Factor Enhanced Small Cap Portfolio (the ""Master Portfolio""), a master portfolio that invests, under normal circumstances, at least 80% of its net assets in a diversified portfolio of equity securities of small capitalization companies designed to replicate the performance of the Index. The Master Portfolio generally invests its assets in equity securities, including publicly traded real estate investment trusts (""REITs""), that are included in the Index. This rules-based proprietary index is designed to deliver exposure to equity securities of small capitalization U.S. issuers (which are defined as constituents of the Wells Fargo Small Cap USA Equity Index, an index whose constituents had market capitalizations ranging from approximately $113 million to $4.725 billion as of May 31, 2018), and is constructed to provide exposure to factors (or characteristics) that are commonly tied to a stock's potential for enhanced risk-adjusted returns relative to the market.

Those factors include, but are not limited to, value, quality, momentum, size, and low volatility. The process to construct the Index begins with a reference index universe and systematically excludes constituents based on their expected contribution to projected risk and return of that overall universe. Each constituent's expected contribution to the overall risk and return of the universe is a function of that constituent's factor exposures and the volatility of each factor. The Index has approximately 1,600 constituents and is expected to rebalance semi-annually. The Master Portfolio may invest up to 20% of its assets in instruments not included in the Index, but which its portfolio managers believe are highly correlated to the Index (such as index futures) for the purpose of managing ongoing cash flows.

The Master Portfolio will generally attempt to fully replicate the Index. However it may, at the portfolio managers' discretion, rely on statistical sampling techniques to select securities in order to construct a portfolio that exhibits characteristics and performance of the Index, without incurring the transaction costs associated with purchasing every security in the Index. A precise duplication of the Index would mean that the net asset value (""NAV"") of Master Portfolio shares, including income and capital gains, would increase or decrease in exact proportion to changes in the Index. Such an exact replication is not feasible. The Master Portfolio's ability to track the performance of the Index may be affected by, among other things, transaction costs, shareholder purchases and redemptions, sampling techniques (if used), and investments in index futures that may not perfectly track the Index.

The Master Portfolio's portfolio managers continually monitor the performance and composition of the Index and adjust the Master Portfolio's holdings as necessary to reflect any changes to the Index. Under normal circumstances, the Master Portfolio is expected to concentrate its investments in an industry to approximately the same extent that the Index is concentrated in such industry. The components of the Index may change over time and the Index may or may not be concentrated in an industry at any particular time."

C000191028 Costs and Fees

C000191028 costs about $0 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.00%
• Gross expense ratio: 12.58%
• Portfolio turnover: 37%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000191028 Cashflows

Over the 12 months to 2019-11, Wells Fargo Factor Enhanced Small Cap Fund had net inflows of $0, from monthly SEC N-PORT filings.

C000191028 Debt Constituents

No individual debt constituents are reported in Wells Fargo Factor Enhanced Small Cap Fund's latest SEC N-PORT filing.

C000191028 Prospectus and SEC Filings

Official Wells Fargo Factor Enhanced Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-07-09
• Prospectus (485BPOS) — filed 2018-07-03
• Prospectus (485BPOS) — filed 2017-08-11
• Portfolio holdings (N-PORT) — filed 2020-01-28
• Annual census (N-CEN) — filed 2019-05-14

Related Funds

Other United States Real Estate funds tracked on ABC INVEST:

• Vanguard Real Estate Index Fund (VGSIX)
• Vanguard Real Estate II Index Fund (VRTPX)
• Schwab U.S. REIT ETF (SCHH)
• Cohen & Steers Real Estate Securities Fund (CSEIX)
• The Real Estate Select Sector SPDR Fund (XLRE)

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.