Allspring Innovation Fund - Class Inst (WFTIX)
| Fund Assets | 425.91M |
| Expense Ratio | 0.90% |
| Min. Investment | $1,000,000 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.98 |
| Dividend Yield | 7.11% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 13.69 |
| YTD Return | 6.89% |
| 1-Year Return | 6.03% |
| 5-Year Return | 27.18% |
| 52-Week Low | 10.82 |
| 52-Week High | 14.84 |
| Beta (5Y) | n/a |
| Holdings | 35 |
| Inception Date | Nov 1, 2016 |
About WFTIX
Allspring Innovation Fund Institutional Class is a mutual fund designed to seek long-term capital appreciation by investing primarily in equity securities of companies that are positioned on the “right side of change,” often characterized by robust and sustainable growth prospects. The fund manages a diversified portfolio, selecting stocks across all market capitalizations and focusing on enterprises the managers believe offer significant capital growth potential. Its investment strategy targets companies benefiting from technological advancements, innovative business models, and structural industry shifts, making it particularly relevant for investors interested in dynamic sectors such as science and technology. The fund’s performance is measured against major benchmarks and it has historically shown both notable growth periods and periods of elevated volatility, as reflected by its performance metrics and standard deviation figures. With a substantial asset base and an expense ratio designed for institutional investors, the Allspring Innovation Fund Institutional Class plays an important role in the market for those seeking exposure to companies at the forefront of transformation and innovation.
Performance
WFTIX had a total return of 6.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 17.17%.
Top 10 Holdings
42.53% of assets| Name | Symbol | Weight |
|---|---|---|
| DoorDash, Inc. | DASH | 5.29% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 4.60% |
| Robinhood Markets, Inc. | HOOD | 4.57% |
| Oracle Corporation | ORCL | 4.53% |
| KLA Corporation | KLAC | 4.52% |
| Monolithic Power Systems, Inc. | MPWR | 4.44% |
| Cadence Design Systems, Inc. | CDNS | 4.14% |
| MercadoLibre, Inc. | MELI | 3.57% |
| Live Nation Entertainment, Inc. | LYV | 3.48% |
| Talen Energy Corporation | TLN | 3.38% |
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 |