Allspring Discovery All Cap Growth - Admin
EOMYX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 525 Market Street San Francisco CA 94105
- IPO Date
- Jan 13, 1997
- CIK
- 0001081400
- Similar Companies
- Business
- Allspring Discovery All Cap Growth Fund - Admin (EOMYX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of U.S. growth companies across all market capitalizations; it normally invests at least 80% of its total assets in such equity securities and may invest up to 25% of its total assets in equity securities of foreign issuers. The fund targets companies demonstrating sustainable growth potential, benchmarked against the Russell 3000 Growth Index, within the large cap growth or multi-cap growth categories; it offers share classes including Admin (EOMYX), A (EKOAX), C, Institutional, and R6, with net assets of approximately $0.75 billion as of recent reports. Managed as part of Allspring Global Investments' equity offerings, the fund serves institutional and retail investors seeking growth-oriented exposure to domestic equities with limited international allocation. In a major strategic reorganization announced on May 31, 2024, the fund merged into the Allspring Growth Fund effective July 26, 2024, to achieve greater scale (from $789 million to the acquiring fund's $3.1 billion in assets), lower net operating expenses across share classes (e.g., Admin class reduced to 0.96% from 1.10%), and enhanced long-term viability; the merger was tax-free for shareholders. Concurrently, Allspring unified its Discovery and Dynamic Growth investment teams into a single 16-member Growth Equity platform led by senior portfolio managers Mike Smith, CFA (24 years experience), Robert Gruendyke, CFA (30 years), and Chris Warner, CFA (21 years), with prior manager Dave Nazaret removed and Tom Ognar retiring in August 2025. These changes expanded research capabilities and aligned strategies under the Russell 3000 Growth benchmark while maintaining a focused all-cap growth mandate. Allspring Global Investments, the fund's adviser, operates as an independent asset manager with over $570 billion in assets under advisement across equity, fixed income, and multi-asset strategies; headquartered in Charlotte, North Carolina, following a 2022 relocation from San Francisco, it spun off from Wells Fargo Asset Management in November 2021. The firm maintains over 20 offices globally, targeting institutional, wealth management, and individual clients with boutique investment teams. Prior to the 2024 merger, the fund operated within Allspring Funds Trust, emphasizing U.S. equity growth across sectors like technology, healthcare, and financials.