Allspring Growth Fund
SGRKX
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
- Aug 30, 2002
- CIK
- 0001081400
- Website
- allspringglobal.com
- Similar Companies
- Business
- Allspring Growth Fund (SGRKX) is an open-end mutual fund that seeks long-term capital appreciation by principally investing at least 80% of its total net assets in equity securities of small-, mid-, and large-capitalization companies demonstrating robust, sustainable growth not fully recognized by the market; up to 25% of assets may be allocated to foreign issuers. The fund employs a fundamental, all-cap bottom-up research process to identify companies on the "right side of change," with continuous risk management through evaluation of growth rates relative to market expectations and a strict sell discipline; key holdings typically include leading technology and consumer discretionary names such as Microsoft Corporation, NVIDIA Corporation, Amazon.com Inc., and Meta Platforms Inc.. It offers multiple share classes, including Administrator Shares (SGRKX, net expense ratio 0.96%), Institutional Shares (SGRNX), Class A (SGRAX), Class C (WGFCX), and R6 (SGRHX), with a minimum initial investment of $1,000,000 for Administrator Shares. The fund operates within the large growth category, targeting institutional and high-net-worth investors seeking exposure to U.S. equities (approximately 90% allocation) across sectors like information technology (43%), consumer discretionary (17%), and communication services (13%), benchmarked against the Russell 3000 Growth Index. Headquartered in Charlotte, North Carolina, the fund traces its inception to December 31, 1993, and is managed by Allspring Global Investments, LLC (sub-advisor), part of Allspring Funds Management, LLC, following the 2021 rebranding from Wells Fargo Asset Management after its sale to GTCR and Reverence Capital Partners. Recent developments include portfolio manager updates, with Michael Smith and Christopher Warner added in 2024 alongside longstanding managers Robert Gruendyke, Thomas Ognar, and David Nazaret, enhancing the team's focus on resilient growth amid macroeconomic volatility such as 2025 tariffs and geopolitical tensions; the fund reported strong second-quarter 2025 performance, outperforming its benchmark with 23.62% returns driven by information technology selection. As of mid-2025, total net assets exceed $3 billion, with quarterly commentaries noting outperformance in industrials and information technology despite underweights in utilities. U.S.-domiciled and available primarily to U.S. investors, the fund maintains annual distributions and a fiscal year-end of July 31.