Allspring Funds Trust - Allspring Discovery Large Cap Growth Fund (STAEX)
Allspring Funds Trust - Allspring Discovery Large Cap Growth Fund operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA. The stock last traded at $6.29, up 0.32% on the session, giving a market capitalisation of $198.6M. On trailing twelve-month figures it carries a trailing P/E of -3.13, a net margin of -220.7%. Its beta of 1.13 implies it has historically moved more than the broad market.
The fund primarily invests in equity securities, typically allocating at least 80% of its portfolio to stocks. It also has the flexibility to invest up to 25% in international equities, often facilitated through instruments like American Depositary Receipts (ADRs) or similar vehicles. The portfolio managers seek out companies that demonstrate the potential for robust sales and earnings growth. They prioritize businesses that possess a distinct competitive advantage and are guided by effective leadership with a proven history of making investment decisions that genuinely benefit shareholders. An example of such sound management would be companies whose revenue and profit expansion consistently outpaces the growth of their overall assets.
Allspring Funds Trust - Allspring Discovery Large Cap Growth Fund is most often compared with the following Financial Services names: