Allspring Innovation Fund - Class C (WFTCX)
| Fund Assets | 420.57M |
| Expense Ratio | 1.97% |
| Min. Investment | $1,000 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.98 |
| Dividend Yield | 18.89% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 5.16 |
| YTD Return | 8.32% |
| 1-Year Return | 16.84% |
| 5-Year Return | 32.98% |
| 52-Week Low | 4.06 |
| 52-Week High | 6.22 |
| Beta (5Y) | 1.27 |
| Holdings | 35 |
| Inception Date | Sep 18, 2000 |
About WFTCX
Allspring Innovation Fund - Class C is an actively managed mutual fund with a primary focus on achieving long-term capital appreciation. The fund invests mainly in equity securities of companies across all market capitalizations that are aligned with the theme of innovation. It emphasizes businesses identified as being on the “right side of change,” meaning those demonstrating robust and sustainable growth through forward-thinking products, services, or technologies. While it is classified as a sector equity technology fund, its mandate allows for flexibility in targeting innovative firms from various industries, extending beyond traditional technology sectors. Allspring Innovation Fund - Class C adopts a non-diversified approach, which enables concentrated investments in select companies that the management team believes offer significant growth potential. This strategy positions the fund as a vehicle for investors seeking exposure to transformative companies shaping the future landscape of their respective industries, underscoring its relevance in the dynamic market environment.
Performance
WFTCX had a total return of 16.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.44%.
Top 10 Holdings
37.51% of assets| Name | Symbol | Weight |
|---|---|---|
| MercadoLibre, Inc. | MELI | 4.82% |
| Veeva Systems Inc. | VEEV | 4.41% |
| Robinhood Markets, Inc. | HOOD | 4.19% |
| DoorDash, Inc. | DASH | 4.04% |
| ServiceNow, Inc. | NOW | 3.85% |
| The Trade Desk, Inc. | TTD | 3.40% |
| Cadence Design Systems, Inc. | CDNS | 3.38% |
| Monolithic Power Systems, Inc. | MPWR | 3.18% |
| KLA Corporation | KLAC | 3.16% |
| Morningstar, Inc. | MORN | 3.08% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $0.98427 | Dec 13, 2024 |
| Dec 9, 2022 | $2.32195 | Dec 12, 2022 |
| Dec 9, 2021 | $4.81993 | Dec 10, 2021 |
| Dec 9, 2020 | $2.81478 | Dec 10, 2020 |
| Dec 10, 2019 | $1.1339 | Dec 11, 2019 |
| Dec 10, 2018 | $2.70135 | Dec 11, 2018 |