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Allspring Discovery Innovation - I (WFTIX)

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11.78+0.46 (+4.06%)
At close: 08:01PM EST

Allspring Discovery Innovation - I

Wells Fargo Funds Trust

525 Market Street

San Francisco CA 94163

Management information
Michael A. Seidenberg,Lead manager since 31 July 2018
Mr. Seidenberg is a portfolio manager, an analyst and a director with Allianz Global Investors, which he joined in 2009. He is a member of the Global Technology team in the US. Before joining the firm, he worked at a number of hedge funds, including Pequot Capital and Andor Capital. Before that, Mr. Seidenberg covered a range of technology sectors at Citadel Investment Group. He has also worked in the software industry and at Oracle Corporation, and was previously at Roche Laboratories in pharmaceutical and biotechnology sales. Mr. Seidenberg has a B.S. in business administration from the University of Colorado and an M.B.A. with concentrations in finance and accounting from Columbia Business School.
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

Fund familyWells Fargo Funds
Net assets724.93M
YTD return-12.69%
Morningstar rating★★★
Inception date31 Oct 2016

Fund operations

Last dividend0.00
Last cap gain0.00
Holdings turnover146.00%
Average for categoryN/A

Fees and expenses

ExpenseWFTIXCategory average
Annual report expense ratio (net)1.03%1.05%
Prospectus net expense ratio1.03%N/A
Prospectus gross expense ratio1.03%N/A
Max 12b1 fee0.00%N/A
Max front end sales loadN/A5.21%
Max deferred sales loadN/A1.24%
3-yr expense projection328N/A
5-yr expense projection569N/A
10-yr expense projection1,259N/A