Allspring Special Large Cap Value Fund Q4 2025 Commentary

Allspring Global Investments36 FollowersFollow5ShareSavePlay(11min)CommentsSummaryThe fund underperformed its benchmark for the quarter as the market's narrow thematic focus created some headwinds for our process.Search, YouTube, and Cloud revenue growth accelerated again, reinforcing the narrative that Gemini integration is beginning to yield tangible returns on investment.The lab business is especially fragmented, and management has a unique opportunity to continue rolling up smaller labs to gain scale.We expect that investors will become more discerning and demand a return on invested capital from companies. Thicha Satapitanon/iStock via Getty Images Quarterly review The fund underperformed the Russell 1000 Value Index for the fourth quarter. Stock selection in the communication services and utilities sectors contributed the most to relative performance. Stock selection in the information This article was written byAllspring Global Investments36 FollowersFollowAllspring is a company committed to thoughtful investing, purposeful planning, and the desire to elevate investing to be worth more. Allspring is reimagining investment management to be worth more—creating an investment, distribution, and operational experience that changes the game for clients. Note: This account is not managed or monitored by Allspring, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Allspring's official channels.