Equity

LT Large Cap Growth SMA

Russell 1000® Growth Index
Benchmark name
12/31/2010
Inception date
Empiric LT Equity Team
Team
$464.1K
Assets under management
Data as of 12/31/2023
SMA overview
Streamlined investment decisions
The LT Large Cap Growth Equity SMA pursues long-term returns by employing a proprietary valuation framework to exploit price inefficiencies of quality large-cap growth companies​​.

The SMA aims to help investors preserve capital and avoid short-term volatility through a rigorous investment approach.

Key differentiators

  • Stable, experienced investment team with a long-term track record and history of strong performance
  • Proprietary valuation framework that exploits price inefficiencies of high-quality companies
  • Extensive bottom-up fundamental research coupled with a disciplined valuation approach that allows stock selection to drive results

General facts

Weight average market cap

917.00

Dividend yield

0.47%

Quick resources

Fact Sheet

Performance

Average annual returns

Average annual returns

(as of 12/31/2023)
12/31/2010
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
6.08
15.70
49.34
49.34
10.93
20.91
15.15
15.31
Composite (Net)
5.81
14.82
45.00
45.00
7.65
17.37
11.77
11.93
Russell 1000® Growth Index
4.43
14.16
42.68
42.68
8.86
19.50
14.86
15.23

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.

Performance shown prior to August 1, 2018 represents results achieved by the Empiric LT Equity Team prior to joining Allspring.

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
49.34
-29.03
28.77
37.26
37.95
0.38
31.09
0.04
7.80
11.71
Benchmark
42.68
-29.14
27.60
38.49
36.39
-1.51
30.21
7.08
5.67
13.05

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 1.89 0.70 -2.03
Beta 1.01 1.03 1.04
Downside Market Capture Ratio 98.11 101.39 102.03
Information Ratio 0.64 0.45 0.09
R2 0.98 0.98 0.97
Sharpe Ratio 0.42 0.88 0.78
Standard Deviation 20.92 21.56 17.83
Tracking Error 3.25 3.13 3.15
Upside Market Capture Ratio 105.53 110.53 112.88
Correlation 0.99 0.99 0.99

Composition

Portfolio statistics

Portfolio statistics

(as of 12/31/2023)
SMA Benchmark
Number of holdings 443
Top 10 holdings

Top 10 holdings

(as of 12/31/2023)
Security
SMA
Microsoft Corporation
9.37%
Apple Inc.
8.73%
Alphabet Inc. Class C
6.50%
Amazon.com, Inc.
6.15%
NVIDIA Corporation
4.80%
Meta Platforms Inc. Class A
4.09%
Broadcom Inc.
2.97%
Visa Inc. Class A
2.84%
DexCom, Inc.
2.53%
Salesforce, Inc.
2.38%
Top 10 represents 50.35% 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
 0.37% -
Communication services
 13.57% 11.40%
Consumer discretionary
 14.74% 15.79%
Consumer staples
 3.33% 4.14%
Energy
 0.00% 0.50%
Financials
 8.51% 6.41%
Health care
 12.71% 10.63%
Industrials
 7.16% 5.90%
Information technology
 38.62% 43.52%
Materials
 0.98% 0.70%
Real estate
 0.00% 0.95%
Utilities
 0.00% 0.05%

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 uses a consistent, disciplined, and repeatable valuation framework to mitigate behavioral biases to identify truly great companies at an optimal price.

View Team
Paul

Paul Roach

Portfolio Manager
Jake

Jake Seltz

Portfolio Manager
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. Management Risk: Investment decisions, techniques, and analyses implemented by the manager may not lead to expected returns of the team. 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. Focused Portfolio Risk: Changes in the value of a small number of issuers are likely to have a larger impact on a strategy’s net asset value than if the strategy held a greater number of issuers.

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.