Equity

Growth SMA

Russell 3000® Growth Index
Benchmark name
7/31/2011
Inception date
Dynamic Growth Equity Team
Team
$103.5M
Assets under management
Data as of 12/31/2023
SMA overview
A unique combination of longevity and success
The Growth SMA pursues returns primarily through companies across the market-cap spectrum that exhibit robust and sustainable growth.

The SMA focuses on stocks with underappreciated potential, offering full exposure across the market-cap spectrum.

Key differentiators

  • Leverages extensive track record and team stability to execute a diversified approach
  • Emphasizes consistency of returns within a strong risk management framework centered on sell discipline
  • Implements a fundamental, bottom-up, and multi-step process focused on identifying companies with robust and sustainable growth potential

General facts

Weight average market cap

885.38

Dividend yield

0.30%

Quick resources

Fact Sheet

Performance

Average annual returns

Average annual returns

(as of 12/31/2023)
7/31/2011
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
4.64
13.93
35.20
35.20
-2.57
13.65
10.53
12.21
Composite (Net)
4.37
13.06
31.23
31.23
-5.48
10.31
7.28
8.90
Russell 3000® Growth Index
4.77
14.09
41.21
41.21
8.08
18.85
14.33
15.06

One-month, three-month and year-to-date returns are not annualized.

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.

Please keep in mind that high double-digit returns were primarily achieved during favorable market conditions. You should not expect that such favorable returns can be consistently achieved. A fund's performance, especially for short time periods, should not be the sole factor in making your investment decision.

Calendar year

Calendar year

(as of 12/31/2023)
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund
35.20
-36.09
7.06
48.44
38.10
0.78
34.73
-0.22
1.82
4.08
Benchmark
41.21
-28.97
25.85
38.26
35.85
-2.12
29.59
7.39
5.09
12.44

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.


Performance and volatility metrics

Performance and volatility metrics

(as of 12/31/2023)
3 Year 5 Year 10 Year
Alpha -10.21 -5.21 -39.77
Beta 1.01 1.06 1.06
Downside Market Capture Ratio 108.37 105.00 104.40
Information Ratio -1.65 -0.77 -0.63
R2 0.91 0.92 0.90
Sharpe Ratio -0.23 0.51 0.49
Standard Deviation 21.42 22.86 18.96
Tracking Error 6.45 6.79 6.07
Upside Market Capture Ratio 69.99 87.08 87.83
Correlation 0.95 0.96 0.95

Composition

Portfolio statistics

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of holdings 85 1517
Top 10 holdings

Top 10 holdings

(as of 12/31/2023)
Security
SMA
Microsoft Corporation
10.02%
Apple Inc.
7.63%
Amazon.com, Inc.
7.26%
NVIDIA Corporation
4.87%
Meta Platforms Inc. Class A
4.60%
Alphabet Inc. Class A
3.69%
Mastercard Incorporated Class A
2.80%
MongoDB, Inc. Class A
2.59%
Visa Inc. Class A
1.84%
Monolithic Power Systems, Inc.
1.73%
Top 10 represents 47.05% of total net assets

Largest company weights are based on market value of the representative account and not necessarily held in all client portfolios. The information shown is not intended to be, nor should it be construed to be, a recommendation to buy or sell an individual security. A list of all holdings from the prior one-year period is available upon request.

Sector allocation

Sector allocation

(as of 12/31/2023)
Type
SMA
Benchmark
Cash & equivalents
 1.68% -
Communication services
 10.46% 10.94%
Consumer discretionary
 16.00% 15.56%
Consumer staples
 1.14% 4.15%
Energy
 0.00% 0.70%
Financials
 8.75% 6.41%
Health care
 11.09% 11.21%
Industrials
 7.58% 6.60%
Information technology
 41.39% 42.45%
Materials
 1.56% 0.87%
Real estate
 0.34% 0.98%
Utilities
 0.00% 0.12%

Sector weighting is based on a representative account within the Allspring Global Investments composite and may have changed since the date specified. Percent total may not add to 100% due to rounding.

Documents

Literature Date
Fact Sheet 12/31/2023 Download
Our team
Meet the investment team

The team seeks a style-pure dedication to growth, targeting consistency of returns and focusing on fundamental, bottom-up, all-cap research to identify businesses with sustainable growth.

View Team
Robert

Robert Gruendyke

Co-Head of Dynamic Growth Equity

David

David Nazaret

Portfolio Manager
Thomas

Thomas Ognar

Co-Head of Dynamic Growth Equity

Contact Us

We look forward to helping you with your investment needs

 

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Market Risk: Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Growth/Value Investing Risk: Securities that exhibit growth or value characteristics tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. Smaller Company Securities Risk: Companies with smaller market capitalizations tend to be more volatile and less liquid than those of larger companies.

Allspring Managed Account Services (the firm) is a unit within Allspring Global Investments and is responsible for the management and administration of the Allspring Funds Management, LLC, retail separately managed account portfolios (wrap portfolios). Allspring Funds Management acts as a discretionary manager for separately managed accounts ("SMA") and as a non-discretionary model provider in a variety of managed account or wrap fee programs (“MA Programs”) sponsored by third party investment advisers, broker-dealers, or other financial services firms (a “Sponsor”). When acting as non-discretionary model provider, Allspring Funds Management responsibility is limited to providing non-discretionary investment recommendations (in the form of model portfolios) to the Sponsor. The Sponsor may use these recommendations in connection with its management of MA Program accounts. In these “model-based” programs, the Sponsor serves as the investment manager and maintains trade implementation responsibility.