Allspring C&B Mid Cap Value Fund Class A
CBMAX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 525 Market Street San Francisco CA 94105
- IPO Date
- Jul 26, 2004
- CIK
- 0001081400
- Similar Companies
- Business
- Allspring C&B Mid Cap Value Fund Class A (CBMAX) 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; it invests principally in equity securities of medium-capitalization companies defined as those with market capitalizations within the range of the Russell Midcap Value Index at the time of purchase, currently approximately $270 million to $73.29 billion, maintaining a relatively focused portfolio of 30 to 50 high-quality, low-risk U.S. value stocks selected through a proprietary cash-flow model emphasizing strong cash-flow generation, competitive advantages, conservative balance sheets, and significant discounts to intrinsic value. The fund offers multiple share classes including Institutional (CBMSX), Administrator (CBMIX), Class A (CBMAX), Class C (CBMCX), and R6 (CBMYX), with Class A shares featuring a maximum front-end sales charge of 5.75%, an expense ratio of 1.24% after fee waivers through January 31, 2025, and annual distributions; its sub-adviser, Cooke & Bieler LP, employs a stable investment team averaging 16 years of tenure, focusing on bottom-up research, low turnover (23.62% in the most recent fiscal year), and downside protection through valuation discipline and business quality assessments across sectors such as financials (26%), industrials (21%), and consumer discretionary (18%). The fund, part of Allspring Funds Trust—a Delaware statutory trust organized in 1999—has Class A shares with an inception date of July 26, 2004, and is managed by Allspring Funds Management, LLC, with total net assets of approximately $297 million as of September 30, 2023; it is headquartered at 1415 Vantage Park Drive, 3rd Floor, Charlotte, North Carolina, under Allspring Global Investments Holdings, LLC, a global asset manager with over $600 billion in assets under advisement. In a major strategic change effective February 23, 2024, the Allspring C&B Mid Cap Value Fund merged into the Allspring Special Mid Cap Value Fund (WFPAX), with board approval on November 13-15, 2023, resulting in expanded portfolio management teams, enhanced research capabilities, and combined assets for improved performance potential; this reorganization aligns strategies while maintaining the mid-cap value focus, and post-merger performance reflects integration of the predecessor fund's history adjusted for expenses. Allspring Global Investments continues active expansion, including launching active equity and municipal ETFs in July 2025 and strategic share acquisitions such as in Zepp Health Corp in June 2025, alongside routine portfolio adjustments like top holdings in AerCap Holdings NV, Helen of Troy Limited, and Gentex Corporation as of September 30, 2023. The fund targets institutional and retail investors seeking mid-cap value exposure, with geographic operations centered in the U.S. equity markets and no material subsidiaries or parent relationships beyond Allspring's affiliate structure.