Allspring Growth Fund - Class A
SGRAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
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 United States of America 94105
- IPO Date
- Feb 24, 2000
- CIK
- 0001081400
- Website
- allspringglobal.com
- Similar Companies
- Business
- Allspring Growth Fund (Class A) (SGRAX) is an open-end mutual fund that seeks long-term capital appreciation by investing principally in equity securities of small-, mid-, and large-capitalization companies exhibiting robust, sustainable revenue and earnings growth not fully recognized by the market; it allocates at least 80% of total assets to such equities and up to 25% in foreign issuers via ADRs or similar instruments. The fund employs a fundamental, bottom-up research process across market caps, with continuous risk management focused on growth sustainability relative to market expectations and a strict sell discipline to navigate volatility; key holdings as of recent data include Microsoft Corp., NVIDIA Corp., Amazon.com Inc., Meta Platforms Inc., and Apple Inc., spanning sectors like information technology (43%), consumer discretionary (17%), and communication services (13%). It offers multiple share classes including Institutional (SGRNX), Administrator (SGRKX), Class A (SGRAX), Class C (WGFCX), and R6 (SGRHX), with net expense ratios such as 1.15% for Class A shares; the fund benchmarks against the Russell 3000 Growth Index and maintains approximately 86 holdings with a portfolio turnover of 37.64%. Part of Allspring Funds Trust and managed by Allspring Funds Management, LLC with sub-advisory from Allspring Global Investments, LLC, the fund was incepted on December 31, 1993, with Class A shares launched February 24, 2000; Allspring Global Investments, headquartered in Charlotte, North Carolina, originated from Wells Fargo Asset Management's 2021 sale to GTCR and Reverence Capital Partners, establishing it as an independent firm majority-owned by these entities with employee ownership. Recent developments include portfolio manager changes effective July 26, 2024, with Tom Tidwell removed from the Growth Fund management team; in August 2025, the Board approved conversion of Class C shares across 32 funds, including SGRAX, to Class A shares effective around November 14, 2025, following closure to new investors in September 2025; the firm has focused on expanding capabilities in fixed income, separately managed accounts, and select ETFs amid competitive pressures.