Equity

Growth SMA

Russell 3000® Growth Index
Benchmark name
8/1/2011
Inception date
Growth Equity Team
Team
$71.6M
Strategy assets
Data as of 12/31/2024
Growth
SMA overview
Investing on the right side of change
The Growth SMA seeks long-term capital appreciation by investing in small-, mid-, and large-cap companies on the "right side of change," with robust and sustainable growth.

Innovative companies with superior fundamentals are frequently mispriced in equity markets, representing a key inefficiency that can be identified and exploited through intensive fundamental research.

Key differentiators

  • All-cap research: Deep pool of investors that glean unique insights through intensive bottom-up research conducted across the entire market-cap spectrum
  • Style consistency: Focus on companies with robust and sustainable growth and remain highly disciplined in all market environments
  • Balanced risk management: Portfolio construction emphasizes balance and diversification with the goal of delivering consistent results
  • Sell discipline: Quantified sell discipline uniquely positions the team to manage risk through both its buy and sell decisions

General facts

Weighted average market cap

$1,123.39B

(as of 12/31/2024)

Dividend yield

0.30%

(as of 12/31/2024)

Quick resources

Fact Sheet

Performance

Average annual returns

Average annual returns

(as of 12/31/2024)
7/31/2011
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
-3.12
3.25
29.25
29.25
3.75
12.16
12.95
13.40
Composite (Net)
-3.36
2.46
25.37
25.37
0.63
8.83
9.62
10.05
Russell 3000® Growth Index
0.45
6.82
32.46
32.46
9.93
18.25
16.22
16.27

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 12/31/2024)
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Fund
29.25
35.20
-36.09
7.06
48.44
38.10
0.78
34.73
-0.22
1.82
Benchmark
32.46
41.21
-28.97
25.85
38.26
35.85
-2.12
29.59
7.39
5.09

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 12/31/2024)
3 Year 5 Year 10 Year
Alpha -5.96 -6.05 -35.62
Beta 1.03 1.06 1.06
Downside Market Capture Ratio 107.88 105.83 103.34
Information Ratio -1.36 -0.91 -0.56
R2 0.96 0.92 0.91
Sharpe Ratio -0.01 0.42 0.58
Standard Deviation 21.39 22.70 19.11
Tracking Error 4.55 6.68 5.88
Upside Market Capture Ratio 87.84 84.38 87.09
Correlation 0.98 0.96 0.95

Composition

Portfolio statistics

Portfolio statistics

(as of 12/31/2024)
SMA Benchmark
Number of holdings 72 1513
Top 10 holdings

Top 10 holdings

(as of 12/31/2024)
Security
SMA
NVIDIA Corporation
9.54%
Microsoft Corporation
7.82%
Amazon.com, Inc.
6.42%
Meta Platforms Inc Class A
6.07%
Apple Inc.
4.06%
Salesforce, Inc.
2.46%
Alphabet Inc. Class A
2.32%
Broadcom Inc.
2.03%
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR
1.97%
Tradeweb Markets, Inc. Class A
1.80%
Top 10 represents 44.48% 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 12/31/2024)
Type
SMA
Benchmark
Cash & equivalents
 1.53% -
Communication services
 11.86% 12.79%
Consumer discretionary
 14.22% 15.60%
Consumer staples
 0.74% 3.27%
Energy
 0.00% 0.54%
Financials
 10.80% 6.58%
Health care
 6.28% 7.36%
Industrials
 7.98% 5.02%
Information technology
 43.89% 47.37%
Materials
 2.27% 0.70%
Real estate
 0.00% 0.50%
Utilities
 0.42% 0.23%

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 12/31/2024 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

Portfolio Manager
Michael T.

Michael T. Smith

Head of Growth Equity
Christopher

Christopher Warner

Portfolio Manager
Contact Us

We look forward to helping you with your investment needs

 

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Diversification does not ensure or guarantee better performance and cannot eliminate the risk of investment losses.


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.