Allspring Funds Trust - Allspring Discovery Small Cap Growth Fund
EGWAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 525 Market Street San Francisco CA United States of America 94105
- IPO Date
- Jun 5, 1995
- CIK
- 0001081400
- Similar Companies
- Business
- Allspring Discovery Small Cap Growth Fund - Class A (EGWAX) is an open-end mutual fund that seeks long-term capital appreciation by investing principally in equity securities of small-capitalization companies; these include common stocks of domestic companies and securities of foreign issuers, such as American Depositary Receipts, with market capitalizations within the range of the Russell 2000 Growth Index at the time of purchase. The fund maintains a diversified portfolio typically comprising around 81 holdings across sectors including health care (approximately 24-30%), industrials (22-26%), information technology (18-27%), and consumer discretionary (8-10%), with top positions in companies like CyberArk Software Ltd., RadNet Inc., and Casella Waste Systems Inc.. It offers Class A shares with a net expense ratio of 1.22%, front-end sales load, and a minimum initial investment of $1,000 for retail investors, alongside other share classes such as Class C (EGWCX) and Class R6 (EGWRX). The fund operates within the small growth equity segment of the mutual fund industry, targeting investors seeking exposure to faster-growing small-cap companies in up-and-coming industries; it benchmarks performance against the Russell 2000 Growth Index and emphasizes high-growth potential amid market volatility. Allspring Global Investments, LLC serves as the investment adviser, with a team of portfolio managers including Michael Smith, CFA, Robert Gruendyke, CFA, Christopher Warner, CFA, and David Nazaret, CFA; the firm, formerly part of Wells Fargo Asset Management, manages total assets for EGWAX at approximately $92 million. Geographically, the fund focuses primarily on U.S. small-cap equities with selective foreign exposure, serving individual investors, financial advisors, and institutional clients through platforms like Schwab Mutual Fund OneSource. In recent developments, Allspring Global Investments highlighted significant opportunities in small- and mid-cap equities for 2026, anticipating a shift from Big Tech dominance as smaller AI-utilizing companies attract investor interest; this outlook supports the fund's strategy amid expectations of easier outperformance versus the S&P 500. The firm continues to position the fund for personalized healthcare and niche growth themes, maintaining its bottom-up stock selection process without major portfolio or structural changes reported in 2024-2025. Originally launched under Evergreen Equity Trust with a portfolio inception date of April 15, 1983, and Class A shares effective June 5, 1995, the fund is headquartered with Allspring Global Investments in Charlotte, North Carolina.