Allspring C&B Mid Cap Value Fund Admin Cl
CBMIX
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
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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 Admin Cl (CBMIX) is an open-end mutual fund that seeks long-term capital appreciation by investing 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; it employs a proprietary cash-flow model to identify 40 to 50 high-quality, low-risk U.S. value stocks exhibiting strong cash-flow generation, competitive advantages, and conservative balance sheets, while maintaining strict valuation discipline to acquire holdings at 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 net expense ratios ranging from 0.80% for R6 shares to 1.15% for Administrator shares (contractually capped through at least January 2025); it maintains a low-turnover, concentrated portfolio of approximately 52 holdings, benchmarked against the Russell Midcap Value Index, and distributes dividends annually. The fund targets institutional and retail investors seeking mid-cap value exposure with downside protection through fundamental bottom-up research emphasizing business quality, balance-sheet strength, and attractive valuations. Managed by a stable sub-advisor team at Cooke & Bieler LP averaging 16 years of tenure—including R. James O’Neil (37 years experience), Michael Meyer (33 years), and others—the fund focuses on sectors such as financials (26%), industrials (21%), and consumer discretionary (18%) as of September 2023, with top holdings including AerCap Holdings NV (3.85%), Helen of Troy Limited (3.16%), and Gentex Corporation (2.97%). Allspring Funds Management, LLC serves as the primary advisor, with the fund part of the Allspring Funds Trust; Allspring Global Investments, headquartered in Charlotte, North Carolina following its October 2022 relocation from San Francisco, became an independent firm on November 1, 2021, after spinning out from Wells Fargo Asset Management, and is now majority-owned by private funds managed by GTCR LLC with a minority stake held indirectly by Wells Fargo. The fund's share class inception dates back to July 26, 2004, with predecessor fund history extending to February 18, 1998, and total assets under management of approximately $297 million as of September 2023. In recent developments, Allspring Global Investments Holdings, LLC significantly expanded its position in Zepp Health Corp in June 2025 by acquiring 8.9 million shares at $2.66 per share, increasing total holdings to 9.8 million shares and signaling strategic interest in the smart health wearable sector despite valuation challenges. No major fund-specific acquisitions, partnerships, new product launches, or reorganizations for CBMIX have been reported in the last 1-2 years; the firm continues to emphasize its high-quality, low-risk investment philosophy amid stable operations post-2021 independence and 2022 headquarters move. The fund operates primarily in the U.S. equity markets, serving investors globally through distributed share classes.