Allspring Growth Fund (SGRKX) on Formal Fund Review

The NDPERS Board formally placed Allspring Growth Fund (SGRKX), formerly known as the Wells Fargo Growth Fund, on formal fund review during the March meeting. This action was taken in accordance with the NDPERS Investment Subcommittee’s recommendation. The Fund was sold from Wells Fargo to a smaller private equity firm.  The Fund’s recent performance also has been under its benchmark.

The Investment Subcommittee will continue to monitor the fund.

Additionally, the NDPERS Board approved the removal of the Prudential Jennison Mid Cap Growth Fund (PEGZX) from formal fund review.