Allspring C&B Large Cap Value Fund
CBLSX
NASDAQ- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 525 Market Street San Francisco CA United States of America 94105
- IPO Date
- Jul 26, 2004
- CIK
- 0001081400
- Website
- allspringglobal.com
- Similar Companies
- Business
- Allspring Large Cap Value Fund (CBLSX) is an open-end mutual fund that seeks maximum long-term total return, consisting of current income and capital appreciation, consistent with minimizing risk to principal. The Institutional Class shares trade under the ticker CBLSX. Launched in 2004 and domiciled in the United States, the Fund is managed by Allspring Funds Management, LLC, with sub-advisory services provided by Allspring Global Investments, LLC; its principal place of business is at 525 Market Street, 12th Floor, San Francisco, California 94105. The Fund is a feeder fund that invests substantially all of its assets in the Large Cap Value Portfolio of Allspring Master Trust, a master portfolio with a substantially identical investment objective and strategies; it offers multiple share classes including Class A (CBEAX; 5.75% front-end load), Class C (CBECX; 1.00% deferred sales charge), Class R6 (CBEJX), and Institutional Class (CBLSX; $1 million minimum initial investment). Under normal circumstances, at least 80% of the Fund's total assets are invested in equity securities of large-capitalization companies defined as those with market capitalizations within the range of the Russell 1000 Index at the time of purchase (approximately $807 million to $4.34 trillion as of July 31, 2025), with up to 20% in equity securities of foreign issuers through American Depositary Receipts (ADRs) and similar investments; the portfolio typically holds 30 to 50 stocks selected through rigorous fundamental research targeting undervalued companies with favorable reward-to-risk ratios, durable asset bases, strong balance sheets, and sustainable cash flows. The Fund emphasizes high-quality, low-risk portfolios in the large value equity segment, with sector allocations including financial services (19.77%), industrials (14.72%), healthcare (13.95%), technology (11.26%), and consumer cyclical (10.26%); top holdings as of recent data include Alphabet Inc., Canadian Pacific Kansas City Ltd., Bank of America Corp., Berkshire Hathaway Inc., and Intercontinental Exchange Inc., representing 20.30% of the portfolio. It primarily serves institutional and retail investors seeking exposure to U.S. large-cap value stocks with limited international components, available through financial intermediaries, retirement plans, and direct purchase; total net assets stand at approximately $159.24 million, with Institutional Class assets at $55.36 million. In early 2024, the Fund underwent significant strategic changes, including the replacement of sub-adviser Cooke & Bieler, L.P. with affiliate Allspring Investments, LLC effective March 4, 2024, alongside a reduction in the sub-advisory fee schedule (e.g., first $100 million from 0.380% to 0.300%) and new portfolio managers James M. Tringas, Bryant VanCronkhite, and Shane Zweck; the Fund's name changed from Allspring C&B Large Cap Value Fund to Allspring Large Cap Value Fund, its principal investment strategy was updated to explicitly permit up to 20% foreign equities, and expense caps were lowered through at least September 30, 2024 (e.g., Institutional Class to 0.50%). More recently, effective September 29, 2025, Class C shares closed to new investors and additional purchases by existing shareholders, with automatic conversion to Class A shares planned for on or about November 14, 2025; the manager has contractually capped total annual Fund operating expenses at 0.50% for Institutional Class through August 31, 2026 (excluding certain extraordinary expenses).