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Allspring Discovery Innovation Fund - Class Institutional (WFTIX)

Nasdaq - Nasdaq Delayed price. Currency in USD
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9.57-0.25 (-2.55%)
At close: 08:01PM EST

Allspring Discovery Innovation Fund - Class Institutional

Allspring Funds Trust

525 Market Street

San Francisco CA 94163

800-222-8222
Management information
Michael T. Smith,Lead manager since 14 July 2022
Michael (Mike) Smith serves as managing director and senior portfolio manager for the Discovery Growth Equity team at Allspring Global Investments. In this role, Mike has oversight and portfolio management responsibility for all growth equity portfolios managed by the team. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Mike joined WFAM in 2005 from Strong Capital Management, where he served as a senior research analyst focusing primarily on the healthcare sector. Prior to that, he served as a research analyst and trader at Conseco Capital Management. Mike began his investment industry career in 1999. He earned a bachelor's degree in economics from DePauw University. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryTechnology
Fund familyAllspring Global Investments
Net assets423.53M
YTD return-1.27%
Yield0.00%
Morningstar rating★★★
Inception date30 Oct 2016

Fund operations

Last dividend0.00
Last cap gain0.00
Holdings turnover93.00%
Average for categoryN/A

Fees and expenses

ExpenseWFTIXCategory average
Annual report expense ratio (net)1.23%1.05%
Prospectus net expense ratio1.23%N/A
Prospectus gross expense ratio0.95%N/A
Max 12b1 fee0.00%N/A
Max front end sales loadN/A5.21%
Max deferred sales loadN/A1.24%
3-yr expense projection292N/A
5-yr expense projection515N/A
10-yr expense projection1,157N/A