About WFDAX
The Allspring Discovery SMID Cap Growth Fund Class A is an actively managed mutual fund focused on U.S. equities, specifically targeting small- and mid-capitalization growth companies. Its primary objective is to achieve long-term capital appreciation by identifying firms "on the right side of change"—those positioned for secular growth and innovation within their sectors. The fund employs a distinctive research strategy referred to as “surrounding the company,” combining bottom-up fundamental analysis with attention to risk and return dynamics, as well as rigorous sell discipline and risk management practices.
Core portfolio holdings are diversified across sectors such as industrials, healthcare, technology, and financial services, aiming to capture a balance of established growth names, emerging opportunities, and valuation-driven investments. Managed by a team with decades of experience, the fund typically maintains a high allocation—at least 80%—to small- and mid-cap equities, with a moderate portfolio turnover rate reflecting its active approach. As a result, the Allspring Discovery SMID Cap Growth Fund Class A plays a significant role for investors seeking exposure to the dynamic segment of the U.S. growth equity market, offering access to companies that can benefit from long-term structural trends and innovation.
Fund Family Allspring Global Investments
Category Mid-Cap Growth
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol WFDAX
Share Class Class A
Index Russell 2500 Growth TR
WFDAX had a total return of 10.57% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.25%.
