At a glance
AGRW charges 0.35% a year, above the 0.33% average of the 8 funds most like it (the 5th cheapest of 9). It has $112.8M in assets, the 8th largest of that group; it paid 0.12% of its price in distributions over the past 12 months, annual. Over the past year it returned +4.7% with distributions reinvested (S&P 500: +11.5%), 3rd of those 9 funds. Its ten largest positions make up 51.8% of the fund, out of 47 in all.
The short version
Allspring LT Large Growth ETF (AGRW) is an actively managed fund that picks large US growth stocks. As of July 31, 2026, it held 47 of them, led by NVIDIA, Alphabet and Broadcom. It is non-diversified and concentrated: its 10 largest holdings made up about 52% of assets. Its 0.35% expense ratio is well above index growth funds such as MGK (0.07%) but below active rivals charging 0.56% to 0.65%.
Price history
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AGRW +4.7% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| AGRW price data to Oct 27, 2026 | +7.9% | +4.7% | — | — | — | +19.7% |
- Over the year to Oct 27, 2026, AGRW returned +4.7%, 3rd of 9 among similar funds.
- The deepest fall in its price history was 16.5% (Oct 29, 2025 to Mar 30, 2026), recovered by May 7, 2026.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +7.9% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
No distribution history is available for this fund.
Distributions through Oct 27, 2026.What's inside
As of Jul 31, 2026, the fund held 47 securities; the ten largest made up 51.81% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 13.93% | |
| Alphabet Inc | 9.19% | |
| Broadcom Inc | 5.00% | |
| Amazon.com Inc | 4.43% | |
| Apple Inc | 4.35% | |
| Microsoft Corp | 3.89% | |
| Meta Platforms Inc | 3.37% | |
| GE Vernova Inc | 2.69% | |
| Lam Research Corp | 2.51% | |
| Visa Inc | 2.46% | |
| Arista Networks Inc | 2.38% | |
| Eli Lilly & Co | 2.20% | |
| Datadog Inc | 2.03% | |
| Okta Inc | 1.96% | |
| Palo Alto Networks Inc | 1.95% |
By country
United States 95.08%Bermuda 1.37%Luxembourg 1.24%Canada 1.24%By asset type
Stocks 98.93%By sector
Sectors of the companies held, for the 85.7% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $2.5M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +7.96%, -3.64%, -0.57%.
How it works
AGRW does not track an index. Allspring's portfolio managers pick the stocks. In normal conditions, at least 80% of net assets go into large US companies. The fund defines these as companies within the S&P 500's market-cap range at the time of purchase, which was $6.79 billion to $4.93 trillion as of October 31, 2025. Market cap, short for market capitalization, is a company's total stock market value.
The managers combine company research with an in-house valuation model. They look for high-quality growth companies whose share prices they think undervalue future growth. They want a clear competitive advantage, solid long-term growth, strong finances and managers whose interests match shareholders'. To spread risk, they mix four types of growth stocks: core, consistent, cyclical and emerging. They also use in-house scores to weigh material environmental, social and governance (ESG) risks. A stock may be sold when it reaches the managers' price target, when its business weakens or when a better idea comes along. The prospectus sets no fixed weighting formula or rebalancing schedule.
The fund is non-diversified. That means it may hold fewer companies, in larger amounts, so one stock can move results more. It may also use futures contracts (agreements to buy or sell at a set price on a later date) to keep spare cash invested in the stock market. As of July 31, 2026, it held no derivatives and about 0.1% in cash.
What it really costs
- AGRW charges 0.35% a year, versus an average of 0.33% for the similar funds below (5th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $36 in the first year and $443 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| AGRW | $36 | $113 | $197 | $443 |
In a retirement portfolio
This is a concentrated, non-diversified growth fund with a short record and bigger-than-market swings, so it fits better as a small, higher-risk slice than as the base of a portfolio.
AGRW could add concentrated exposure to large US growth companies. It is too new to have gone through the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market, and it has no full calendar year of results. Its deepest drop was 16.5%, from October 29, 2025, to March 30, 2026. It was back at its old peak by May 7, 2026. Its one-year beta was 1.27 as of October 27, 2026, which means it tended to move more than the broad market. The yield was 0.12%, paid once a year. Anyone drawing income from it would have to sell shares, possibly after a fall. Under the SEC's standard example, costs on $10,000 come to $36 in the first year. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want an actively managed large-growth fund at 0.35% a year, less than active rivals TCHP (0.57%) and IWFG (0.65%).
- Investors comfortable with concentration: as of July 31, 2026, NVIDIA was about 14% of assets and the top 10 holdings about 52%.
- Long-term investors holding a small growth slice who can sit through drops like its 16.5% fall from October 2025 to March 2026.
Look elsewhere if
- Cost-focused investors: MGK (0.07%) and SPYG (0.04%) cost far less and hold about half of the same stocks.
- Anyone who needs income: the yield was 0.12% as of October 27, 2026, paid only once a year.
- Investors who want a long track record: AGRW launched March 26, 2025, and had about $113 million in net assets as of July 31, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| AGRW this fund | — | 0.35% | $112.8M | +4.7% | — |
| IWFG NYLI Winslow Focused Large Cap Growth ETF | 56% | 0.65% | $60.5M | -2.6% | +23.6% |
| TCHP T. Rowe Price Blue Chip Growth ETF | 55% | 0.57% | $2.16B | -1.2% | +23.5% |
| MGK Vanguard Mega Cap Growth ETF | 53% | 0.07% | $33.30B | +2.5% | +23.2% |
| PGRO Putnam Focused Large Cap Growth ETF | 52% | 0.56% | $212.1M | +3.1% | +24.6% |
| IWY iShares Russell Top 200 Growth ETF | 52% | 0.2% | $16.96B | -3.4% | +20.7% |
| TGRT T. Rowe Price Growth ETF | 51% | 0.38% | $1.48B | +1.0% | +23.5% |
| SPYG SPDR Portfolio S&P 500 Growth ETF | 51% | 0.04% | $52.99B | +7.2% | +25.3% |
Questions investors ask
Is AGRW an index fund or actively managed?
AGRW is actively managed and does not track an index. Allspring's portfolio managers pick large US growth companies. They use the S&P 500's market-cap range only to decide what counts as large. They look for firms with a competitive advantage, strong finances and shareholder-friendly management, priced well against their future growth. They spread holdings across four growth categories. The expense ratio is 0.35%, according to the prospectus filed November 24, 2025.
What are AGRW's top holdings?
As of July 31, 2026, AGRW held 47 stocks, almost all of them US companies. The largest were NVIDIA (about 13.9%), Alphabet (9.2%), Broadcom (5.0%), Amazon (4.4%), Apple (4.3%), Microsoft (3.9%) and Meta Platforms (3.4%). The top 10 made up about 52% of assets. Among holdings with a sector label, technology was the largest sector at about 46%, followed by communication services at about 13%.
What's the difference between AGRW and MGK?
The biggest differences are cost and size. Vanguard Mega Cap Growth ETF (MGK) charges 0.07% a year, against 0.35% for AGRW. MGK had about $33.3 billion in net assets as of June 30, 2026. AGRW had about $113 million as of July 31, 2026. About 53% of their holdings overlap. Over one year, MGK returned 4.3% through October 30, 2026, and AGRW returned 4.7% through October 27, 2026. AGRW's managers pick its stocks, so its results depend on their choices.
Does AGRW pay dividends?
Yes, but very little. AGRW pays a distribution once a year. Its trailing 12-month yield was 0.12% as of October 27, 2026, or about $0.04 per share. That is normal for a fund of growth companies, which tend to put profits back into the business rather than pay large dividends. Anyone wanting regular cash from this fund would mostly have to sell shares to get it.
How risky is AGRW?
AGRW is riskier than a broad stock fund. It is non-diversified, and its top 10 holdings made up about 52% of assets as of July 31, 2026. Its one-year beta was 1.27 as of October 27, 2026, which means it tended to move more than the market. Its deepest drop so far was 16.5%, from October 29, 2025, to March 30, 2026. It was back at its peak by May 7, 2026. The fund launched March 26, 2025, so its record is short.