Investment objective & strategy
As of April 28, 2025 · prospectusObjective. The Fund seeks long-term capital appreciation.
Strategy. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of investment) in equity securities, or other investments with similar economic characteristics, of mid-capitalization companies. Allspring Global Investments, LLC, the Fund's subadviser (the "Subadviser"), defines mid-capitalization companies as companies with market capitalizations similar to companies in the Russell Midcap Index (the "Index") at the time of purchase. Although expected to change frequently, the market capitalization range of the Index was approximately $272.84 million to $197.39 billion as of March 31, 2025. The Subadviser looks for undervalued companies that it believes have the potential for above average capital appreciation, and, in some instances, below average risk. Rigorous fundamental … The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of investment) in equity securities, or other investments with similar economic characteristics, of mid-capitalization companies. Allspring Global Investments, LLC, the Fund's subadviser (the "Subadviser"), defines mid-capitalization companies as companies with market capitalizations similar to companies in the Russell Midcap Index (the "Index") at the time of purchase. Although expected to change frequently, the market capitalization range of the Index was approximately $272.84 million to $197.39 billion as of March 31, 2025. The Subadviser looks for undervalued companies that it believes have the potential for above average capital appreciation, and, in some instances, below average risk. Rigorous fundamental research drives the Subadviser's search for companies with favorable reward-to-risk ratios and that possess a long-term competitive advantage provided by a durable asset base, strong balance sheets, and sustainable and superior cash flows. Typical investments include securities of companies that are generally out of favor in the marketplace, or are undergoing reorganization or other corporate action that may create above-average price appreciation. The Subadviser regularly reviews the investments of the Fund and may sell a portfolio security when the security nears its price target, downside risks increase considerably, the company's fundamentals have deteriorated, or the Subadviser identifies a more attractive investment opportunity.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| AMERICAN ELECTRIC POWER CO INC | — | $2.99M | 3.42% |
| KEYSIGHT TECHNOLOGIES INC | — | $2.99M | 3.41% |
| LABCORP HOLDINGS INC | — | $2.82M | 3.22% |
| FIRSTENERGY CORP | — | $2.70M | 3.09% |
| CHURCH & DWIGHT | — | $2.47M | 2.82% |
| REPUBLIC SVCS | — | $2.47M | 2.82% |
| BAKER HUGHES CO | — | $2.41M | 2.75% |
| QNITY ELECTRONICS INC | — | $2.23M | 2.55% |
| FIFTH THIRD BANCORP | — | $2.06M | 2.35% |
| RPM INTL INC | — | $2.00M | 2.29% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Allspring Special Mid Cap Value Fund · WFMDX, WFMIX, WFPAX, WFPCX, WFPRX | 97% | 0.70% |
| Allspring Mid Cap Value Portfolio | 87% | 0.74% |
| Bridge Builder Tax Managed Small/Mid Cap Fund · BBTSX | 20% | 0.39% |
Advisers
| Firm | Role |
|---|---|
| Allspring Global Investments, LLC | Sub-adviser |
| Park Avenue Institutional Advisers LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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