Notable companies
The most notable companies in this group are KLA Corp (NASDAQ:KLAC), Chipotle Mexican Grill (NYSE:CMG), Trade Desk (The) (NASDAQ:TTD).
Industry description
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund invests: at least 80% of the fund's net assets in equity securities; up to 25% of the fund's total assets in equity securities of foreign issuers, including up to 15% of the fund's total assets in equity securities of emerging markets issuers, directly or through ADRs and similar investments. It invests primarily in equity securities of companies of any market capitalization that the manager believes offer the potential for capital growth and are relevant to the fund’s investment theme of innovation. It is non-diversified.
Market Cap
The average market capitalization across the Allspring Innovation Fund - Class Inst MF is 45.33B. The market cap for tickers in the group ranges from 3.28B to 96.13B. KLAC holds the highest valuation in this group at 96.13B. The lowest valued company is VNOM at 3.28B.
Volume
The average weekly volume growth across all stocks in the Allspring Innovation Fund - Class Inst MF was 131%. For the same stocks of the MF, the average monthly volume growth was 93% and the average quarterly volume growth was 107%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 77
P/E Growth Rating: 54
Price Growth Rating: 39
SMR Rating: 46
Profit Risk Rating: 26
Seasonality Score: -40 (-100 ... +100)