Allspring Small Company Growth Fund - Class Inst (WSCGX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of small-capitalization growth companies. The fund normally invests at least 80% of its net assets in equities of companies with market capitalizations within the range of the Russell 2000 Growth Index; it maintains a portfolio concentrated in sectors such as technology (approximately 25%), industrials (21%), and healthcare (21%), with top holdings including Stifel Financial Corp, Element Solutions Inc, Box Inc, and Patrick Industries Inc; a small allocation to cash and non-U.S. stocks is also employed for liquidity and diversification. Domiciled in the United States and available for sale to U.S. investors, the Institutional Class shares require a minimum initial investment of $1 million and carry a net expense ratio of 0.94%. Managed by a team including Paul von Kuster (since 1994), Ryan Smith and Samuel Smith (since 2021), and Allison Lewis (since 2023), the fund is part of Allspring Global Investments' equity mutual fund offerings.
Originally launched on January 30, 2004, as part of Wells Fargo Funds Trust and managed under Wells Fargo Funds Management, LLC, headquartered at 525 Market Street in San Francisco, California, the fund underwent a significant corporate reorganization in late 2021. Wells Fargo & Company sold its asset management unit to GTCR LLC and Reverence Capital Partners, L.P., resulting in the rebranding of Wells Fargo Asset Management to Allspring Global Investments and the transition of associated funds, including this one, to Allspring Funds, effective around December 6, 2021. This strategic divestiture marked a major shift, establishing Allspring as an independent entity focused on growth-oriented strategies across small-cap equities. No major acquisitions, new product launches, or further portfolio management changes have been reported for the fund in 2024 or 2025.