Allspring Innovation Fund - Class Admin (WFTDX)
| Fund Assets | 425.91M |
| Expense Ratio | 1.15% |
| Min. Investment | $1,000,000 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.98 |
| Dividend Yield | 7.42% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 13.26 |
| YTD Return | 7.54% |
| 1-Year Return | 10.97% |
| 5-Year Return | 36.39% |
| 52-Week Low | 10.44 |
| 52-Week High | 14.36 |
| Beta (5Y) | n/a |
| Holdings | 34 |
| Inception Date | Jul 30, 2010 |
About WFTDX
The Allspring Innovation Fund – Class Admin is a mutual fund focused on achieving long-term capital appreciation by investing in companies that are at the forefront of innovation. Primarily, the fund invests in equity securities across all market capitalizations, targeting firms that the management team identifies as leaders in technological advancement and growth potential. With a strong emphasis on U.S. technology companies, the fund’s portfolio is shaped around themes like digital transformation, disruptive technologies, and sectors with rapid development cycles. The fund typically holds a relatively concentrated portfolio, with its top 10 holdings representing over a third of total assets, highlighting its selective approach to security selection. Managed by a dedicated team, the Allspring Innovation Fund serves investors looking for exposure to growth-driven sectors and innovation-led enterprises. Its role in the financial market is to provide diversification and potential growth for portfolios seeking to capitalize on ongoing advancements within technology and related sectors, making it notable among mutual funds with an innovation-centric strategy.
Performance
WFTDX had a total return of 10.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.61%.
Top 10 Holdings
39.80% of assets| Name | Symbol | Weight |
|---|---|---|
| DoorDash, Inc. | DASH | 4.80% |
| Robinhood Markets, Inc. | HOOD | 4.46% |
| Cadence Design Systems, Inc. | CDNS | 4.17% |
| Monolithic Power Systems, Inc. | MPWR | 4.06% |
| DraftKings Inc. | DKNG | 4.04% |
| MercadoLibre, Inc. | MELI | 3.81% |
| KLA Corporation | KLAC | 3.68% |
| Oracle Corporation | ORCL | 3.67% |
| Live Nation Entertainment, Inc. | LYV | 3.57% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 3.53% |
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 |