Allspring Discovery SMID Cap Growth Fund (WFDDX)

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Allspring Discovery SMID Cap Growth Fund (WFDDX) is up 15.4% since the beginning of the year. WFDDX is currently trading at $29 per share. Investors who bought $1,000 worth of WFDDX shares 5 years ago would now be looking at an investment worth $1,084.

Allspring Discovery SMID Cap Growth Fund (WFDDX) has returned 15.44% so far this year and 20.79% over the past 12 months. Over the last ten years, WFDDX has had an annualized return of 12.81%, just under the S&P 500 Index benchmark’s 13.33%.

Based on dividend-adjusted daily data since Apr 8, 2005, WFDDX's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +17.7%, while the worst month was Oct 2008 at -20.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, WFDDX closed higher 54% of trading days. The best single day was Dec 9, 2021 with a return of +35.3%, while the worst single day was Dec 10, 2021 at -30.1%.

Allspring Discovery SMID Cap Growth Fund has an annualized alpha of 2.04%, beta of 1.11, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since April 11, 2005.

• This fund captured 122.52% of S&P 500 Index gains and 114.17% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 2.04% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.11 and R2 of 0.64, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

WFDDX has a high expense ratio of 1.11%, indicating above-average management fees.

WFDDX ranks 18 for risk / return — in the bottom 18% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Allspring Discovery SMID Cap Growth Fund (WFDDX) and compare them to S&P 500 Index.

Allspring Discovery SMID Cap Growth Fund provided a 14.87% dividend yield over the last twelve months, with an annual payout of $4.29 per share.

The table displays the monthly dividend distributions for Allspring Discovery SMID Cap Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Allspring Discovery SMID Cap Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Allspring Discovery SMID Cap Growth Fund was 59.22%, occurring on Jun 16, 2022. The portfolio has not yet recovered.

The current Allspring Discovery SMID Cap Growth Fund drawdown is 23.11%.

The chart below shows the rolling one-month volatility.