Fund Evaluator:
Allspring Spectrum Growth Instl (WGAYX)
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Best Performing in Global Moderate Allocation Over the Last Year
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| 20.1% | Allspring Spectrum Growth Instl (WGAYX) |
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Fund Details
Allspring Spectrum Growth Instl Overview
Allspring Spectrum Growth Instl (WGAYX) is an actively managed Allocation Global Moderate Allocation fund. Allspring Global Investments launched the fund in 2018.
The investment seeks capital appreciation with a secondary emphasis on current income. The fund is a fund-of-funds that invests in various affiliated and unaffiliated mutual funds and exchange-traded funds ("underlying funds") to pursue its investment objective. It seeks to achieve the fund's investment objective by allocating up to 70% of its assets to stock funds, up to 35% of its assets to bond funds, up to 25% of its assets to inflation sensitive funds and up to 15% of its assets to alternative investment funds.
About Allspring Spectrum Growth Instl (WGAYX)
There are 4 members of the management team with an average tenure of 2.03 years: Petros Bocray (2022), Randy Rennicke (2025), Rushabh Amin (2025), David Kowalske (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 6 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 15%, Russell 3000 TR USD index with a weighting of 40%, ICE BofA US HY Constnd TR USD index with a weighting of 14%, Bloomberg US Treasury US TIPS TR USD index with a weighting of 14%, MSCI ACWI Ex USA NR USD index with a weighting of 17% and Russell 3000 TR USD index with a weighting of 100%. Allspring Spectrum Growth Instl has 39 securities in its portfolio. The top 10 holdings constitute 70.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Allspring Spectrum Growth Instl is part of the Allocation global asset class and is within the Allocation fund group. Allspring Spectrum Growth Instl has 28.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 41.0%. There is 26.2% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 19.0% (17.0% domestic bond, 2.0% foreign bond and 0.1% convertible bond). Allspring Spectrum Growth Instl has 13.4% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $948 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WGAYX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Allspring Spectrum Growth Instl expense ratio is above average compared to funds in the Global Moderate Allocation category. Allspring Spectrum Growth Instl has an expense ratio of 0.72%, which is 31% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Allspring Spectrum Growth Instl has a portfolio turnover rate of 52%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 66% for the Global Moderate Allocation category.
Recently, in the month of June 2026, Allspring Spectrum Growth Instl returned -0.5%, which earned it a grade of D, as the Global Moderate Allocation category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Allspring Spectrum Growth Instl has a trailing yield of 2.72%, which is above the 2.64% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Allspring Spectrum Growth Instl Grades
Year to date, the fund has returned 10.8%, 2.9 percentage points better than the category, which translates into a grade of A. The fund has returned 20.1% over the past year (grade of A), 15.2% over the past three years (grade of A) and 7.8% per year over the past five years (grade of A) and 10.3% per year over the past 10 years (grade of A).
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WGAYX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WGAYX Return (NAV) | -0.5% | 7.8% | 20.1% | 15.2% | 7.8% | 10.3% |
| WGAYX Grade | D | C | A | A | A | A |
| +/- Category | -0.3% | 0.6% | 4.3% | 2.5% | 1.5% | 2.7% |
| Global Moderate Allocation Avg | -0.2% | 7.2% | 15.9% | 12.7% | 6.3% | 7.5% |
| WGAYX Tax Cost Ratio | na | na | 2.8% | 1.8% | 2.5% | na |
WGAYX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WGAYX Return (NAV) | 10.8% | 16.3% | 11.8% | 15.1% | -16.6% | 15.6% | 18.0% | 21.2% | -8.3% | 18.8% | 6.5% |
| WGAYX Grade | A | C | A | A | D | A | A | A | D | A | C |
| +/- Category | 2.9% | 0.2% | 3.3% | 2.9% | -3.2% | 3.9% | 8.2% | 3.6% | -1.2% | 4.8% | -0.2% |
| Global Moderate Allocation Avg | 7.8% | 16.2% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 9.2% |
| Total Risk Index: | 0.76 - Below Average |
| Category Risk Index: | 1.01 - Above Average |
| Category Risk Grade: | D (65% Rank) |
| Beta: | 0.95 |
| R-Squared: | 93% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 2.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $208 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 52% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 4.3 years | |||
| Average Tenure: 2.0 years | |||
| Managers (Year): Bocray Petros (2022), Kowalske David (2024), Rennicke Randy (2025), Amin Rushabh (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 39 |
| % in Top 10 Holdings: | 70.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 28.2% |
Portfolio Allocation |
|
| Domestic Stock: | 41.0% |
| Foreign Stock: | 26.2% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 17.0% |
| Foreign Bond: | 2.0% |
| Convertible Bond: | 0.1% |
| Other: | 0.2% |
| Cash: | 13.4% |
Purchase Information
| Fund Family: | Allspring Global Investments |
| Phone Number: | 800-222-8222 |
| Website: | www.allspringglobal.com |
| Status: | Open |
| Inception Date: | July 31, 2018 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.72% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | Allspring Spectrum Growth C |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
