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Trending ETFs

Allspring Emerging Markets Equity Fund

mutual fund
EMGNX
Payout Change
Pending
Price as of:
$26.06 -0.04 -0.15%
primary theme
Emerging Markets Equity
EMGNX (Mutual Fund)

Allspring Emerging Markets Equity Fund

Payout Change
Pending
Price as of:
$26.06 -0.04 -0.15%
primary theme
Emerging Markets Equity
EMGNX (Mutual Fund)

Allspring Emerging Markets Equity Fund

Payout Change
Pending
Price as of:
$26.06 -0.04 -0.15%
primary theme
Emerging Markets Equity

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$26.06

$4.01 B

1.22%

$0.32

1.25%

Vitals

YTD Return

3.0%

1 yr return

2.4%

3 Yr Avg Return

-9.3%

5 Yr Avg Return

2.6%

Net Assets

$4.01 B

Holdings in Top 10

38.2%

52 WEEK LOW AND HIGH

$26.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 9.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$26.06

$4.01 B

1.22%

$0.32

1.25%

EMGNX - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return -9.3%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.12%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Allspring Emerging Markets Equity Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Jul 30, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Yi (Jerry) Zhang

Fund Description

Under normal circumstances, we invest:
at least 80% of the Fund’s net assets in emerging market equity securities.
We invest principally in equity or other listed securities of emerging market companies. We consider emerging market companies to include companies that are traded in, have their primary operations in, are domiciled in or derive a majority of their revenue from emerging market countries as defined by the MSCI Emerging Markets Index. We may use futures to manage risk or to enhance return. The Fund may have exposure to stocks across any capitalizations and styles and will be diversified across countries and sectors.
Utilizing a bottom-up, research driven stock selection process, we seek to invest in quality companies at prices below their intrinsic value. From the available stock universe we focus only on those quality companies that are able to sustain high profitability over a long period of time for reasons we can understand. We believe that quality companies create value for investors from profitable investment of retained earnings and dividend payout and preserve value in adversity. We further believe that quality companies that embrace sustainable environmental, social and governance (ESG) policies are more likely to avoid permanent loss of capital than companies that do not. Among the characteristics we seek in high-quality companies are strong competitive position, demonstrable financial strength and profitability, favorable ESG attributes, quality management dedicated to public shareholders’ interest, and favorable growth prospect supported by major long-term trends. ESG information and research are integral to the investment process for the specific purpose of increasing our knowledge of companies, identifying and evaluating risks and opportunities, and engaging with companies to influence corporate behaviors, all of which can impact the team’s assessment of a company’s quality and long term intrinsic value. ESG factors represent broad categories, and the team’s ESG research is pragmatic and driven by bottom-up, company-specific issues that are important to individual companies in our pool of quality investments. In general, ESG research and engagement are broad and cover environmental, social, and governance issues as appropriate for each company, such as the environmental impact of a proposed project, employee protections in a supply chain, or composition of the board of directors. We also focus on understanding each company’s intrinsic value and will only invest when a company’s stock trades at a meaningful discount to this value. We do not attempt to anticipate or react to short term market fluctuations, but instead seek to take advantage of periodic market inefficiencies to buy the high quality companies at prices below our assessment of their intrinsic value. We have a disciplined approach to the monitoring and sale of holdings and our decisions to trim or sell out of positions may be triggered when a stock price exceeds its intrinsic value or when there is a material deterioration in the fundamentals of the company.
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EMGNX - Performance

Return Ranking - Trailing

Period EMGNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -9.0% 19.7% 80.27%
1 Yr 2.4% -13.0% 29.5% 83.81%
3 Yr -9.3%* -20.9% 10.2% 82.07%
5 Yr 2.6%* -5.4% 12.7% 70.16%
10 Yr 2.3%* -2.7% 6.2% 58.08%

* Annualized

Return Ranking - Calendar

Period EMGNX Return Category Return Low Category Return High Rank in Category (%)
2023 7.3% -6.5% 35.5% 61.89%
2022 -20.4% -50.1% -2.4% 20.31%
2021 -12.4% -33.1% 22.5% 80.92%
2020 20.9% -22.1% 80.1% 37.29%
2019 26.7% -0.7% 42.0% 9.35%

Total Return Ranking - Trailing

Period EMGNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -9.0% 19.7% 80.27%
1 Yr 2.4% -13.0% 29.5% 83.81%
3 Yr -9.3%* -20.9% 10.2% 82.07%
5 Yr 2.6%* -5.4% 12.7% 70.16%
10 Yr 2.3%* -2.7% 6.2% 58.08%

* Annualized

Total Return Ranking - Calendar

Period EMGNX Return Category Return Low Category Return High Rank in Category (%)
2023 8.7% -2.7% 42.0% 70.49%
2022 -19.5% -42.2% 1.9% 25.95%
2021 -11.9% -32.5% 33.1% 95.98%
2020 21.3% -20.0% 81.6% 38.38%
2019 28.0% 2.3% 42.0% 12.42%

NAV & Total Return History


EMGNX - Holdings

Concentration Analysis

EMGNX Category Low Category High EMGNX % Rank
Net Assets 4.01 B 682 K 103 B 16.51%
Number of Holdings 110 10 7049 45.29%
Net Assets in Top 10 1.45 B 290 K 19.2 B 14.32%
Weighting of Top 10 38.15% 2.9% 140.4% 31.97%

Top 10 Holdings

  1. Samsung Electronics Co Ltd 6.38%
  2. Taiwan Semiconductor Manufacturing Co Ltd 6.08%
  3. ALLSPRING GOVERNMENT MONEY MAR 4.60%
  4. Reliance Industries Ltd 4.25%
  5. Tencent Holdings Ltd 3.75%
  6. Taiwan Semiconductor Manufacturing Co Ltd 3.70%
  7. Fomento Economico Mexicano SAB de CV 3.48%
  8. Fibra Uno Administracion SA de CV 2.02%
  9. WH Group Ltd 1.98%
  10. ITC Ltd 1.93%

Asset Allocation

Weighting Return Low Return High EMGNX % Rank
Stocks
95.35% 0.00% 102.46% 66.98%
Cash
4.60% -2.03% 40.36% 16.64%
Preferred Stocks
0.27% 0.00% 10.09% 54.57%
Other
0.00% -0.21% 37.51% 24.83%
Convertible Bonds
0.00% 0.00% 7.40% 63.05%
Bonds
0.00% 0.00% 92.29% 67.80%

Stock Sector Breakdown

Weighting Return Low Return High EMGNX % Rank
Technology
18.71% 0.00% 47.50% 78.18%
Consumer Cyclical
18.40% 0.00% 48.94% 9.81%
Consumer Defense
17.64% 0.00% 25.90% 3.18%
Communication Services
16.74% 0.00% 39.29% 1.80%
Financial Services
14.94% 0.00% 48.86% 86.33%
Energy
5.01% 0.00% 24.80% 36.88%
Healthcare
2.55% 0.00% 16.53% 71.69%
Industrials
2.07% 0.00% 43.53% 94.34%
Basic Materials
2.00% 0.00% 30.03% 93.37%
Real Estate
1.93% 0.00% 17.15% 41.16%
Utilities
0.00% 0.00% 39.12% 87.43%

Stock Geographic Breakdown

Weighting Return Low Return High EMGNX % Rank
Non US
64.42% 0.00% 100.18% 91.00%
US
30.93% 0.00% 99.51% 4.91%

EMGNX - Expenses

Operational Fees

EMGNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.03% 29.98% 56.09%
Management Fee 1.02% 0.00% 2.00% 87.70%
12b-1 Fee 0.00% 0.00% 1.00% 6.71%
Administrative Fee N/A 0.01% 0.85% 67.44%

Sales Fees

EMGNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

EMGNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EMGNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 0.00% 189.00% 6.18%

EMGNX - Distributions

Dividend Yield Analysis

EMGNX Category Low Category High EMGNX % Rank
Dividend Yield 1.22% 0.00% 9.74% 67.80%

Dividend Distribution Analysis

EMGNX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual SemiAnnual Annual

Net Income Ratio Analysis

EMGNX Category Low Category High EMGNX % Rank
Net Income Ratio 0.12% -1.98% 17.62% 73.65%

Capital Gain Distribution Analysis

EMGNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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EMGNX - Fund Manager Analysis

Managers

Yi (Jerry) Zhang


Start Date

Tenure

Tenure Rank

Sep 08, 2006

15.74

15.7%

Yi (Jerry) Zhang, Ph.D., CFA, joined Wells Capital Management or one of its predecessor firms in 2004, where he currently serves as a Senior Portfolio Manager and Head of the Berkeley Street Emerging Markets Equity team. Previously, he served as a Vice President at Oppenheimer Asset Management (1999-2004). Jerry has been working in the investment management field since 1999. He received a BA in Finance from Nankai University (1993) and a PhD in Economics from Vanderbilt University (1999). Jerry has been awarded the use of the Chartered Financial Analyst (CFA) designation by the CFA Institute, and he is a member of the Boston Securities Analysts Society.

Derrick Irwin


Start Date

Tenure

Tenure Rank

Oct 01, 2011

10.67

10.7%

Derrick Irwin is a portfolio manager for the Intrinsic Emerging Markets team at Allspring Global Investments. Derrick has portfolio management responsibility for the emerging markets all-cap and large-/mid-cap portfolios. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM from Evergreen Investments, where he served as a senior research analyst. Earlier, he served as an analyst with Advest Inc. and as a portfolio manager with Goldman Sachs & Co. Derrick began his investment industry career in 1993. He earned a bachelor’s degree in economics from Colgate University and a master’s degree in business administration with an emphasis in finance from the University of Pennsylvania. Derrick has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Society Boston.

Richard Peck


Start Date

Tenure

Tenure Rank

May 02, 2014

8.08

8.1%

Richard Peck is a portfolio manager for the Intrinsic Emerging Markets team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to WFAM, he served as an emerging market equity research analyst at Fidelity Management & Research and American Century Investments focusing on the Latin American equity markets. Before that, he was an analyst at Goldman Sachs with the firm’s Latin America Equity Research department. He began his investment industry career in 2000. Richard earned a bachelor’s degree in business administration from the University of Massachusetts at Amherst and a master’s degree in finance from Brandeis University. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.52 13.42