Allspring Growth Fund - Class R6 (SGRHX) is a large-cap growth mutual fund that seeks long-term capital appreciation by investing primarily in common stocks of medium and large capitalization growth companies. The fund offers a diversified portfolio focused on U.S. equities exhibiting strong growth potential, including sectors such as technology, healthcare, consumer discretionary, and industrials; it employs a bottom-up fundamental analysis approach to select securities with superior earnings growth, competitive advantages, and attractive valuations. Managed actively by Allspring Global Investments, the fund provides share classes including R6 shares designed for institutional and retirement plan investors with low expense ratios and no sales loads.
Allspring Global Investments, headquartered in Charlotte, North Carolina, traces its roots to the Wells Fargo Asset Management business established in 1970 and rebranded under the Allspring name following its separation from Wells Fargo & Company in 2021. The firm operates as an independent asset manager with approximately $475 billion in assets under management as of late 2025, serving institutional, intermediary, and individual clients across North America, Europe, and Asia through a range of equity, fixed income, multi-asset, and alternative strategies. The Growth Fund targets growth-oriented investors seeking exposure to high-quality companies driving innovation and market expansion.
Recent developments include Allspring's strategic enhancements to its growth equity platform in 2024, with the appointment of new portfolio managers to bolster the team's expertise in AI-driven technologies and sustainable growth themes; additionally, the firm announced expanded distribution partnerships with major retirement platforms in mid-2025 to increase access to R6 shares. In 2025, Allspring completed a minor portfolio reallocation within the fund to increase weighting in biotechnology and software-as-a-service providers amid market shifts toward resilient growth sectors. These changes reflect ongoing efforts to adapt to evolving economic conditions, including interest rate normalization and geopolitical influences on global markets.