Allspring Large Cap Core Fund - Class A
EGOAX
NASDAQ- -
USD
- -
- -
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 United States of America 94105
- IPO Date
- Dec 18, 2007
- CIK
- 0001081400
- Website
- allspringglobal.com
- Similar Companies
- Business
- Allspring Large Cap Core Fund - Class A (EGOAX) is an open-end mutual fund that seeks long-term capital appreciation by investing principally in equity securities of large-capitalization U.S. companies, defined as those with market capitalizations within the range of the S&P 500 Index at the time of purchase; at least 80% of its net assets are allocated to such equity securities, with up to 10% in equity securities of foreign issuers including American Depositary Receipts (ADRs) and similar investments. The fund employs a disciplined quantitative strategy grounded in fundamental research, evaluating companies based on valuation, quality, and trading momentum factors to identify undervalued stocks with potential for earnings growth exceeding analyst expectations, followed by qualitative assessments of management strength, industry positioning, and risk profiles; this process targets a focused portfolio of approximately 50-53 holdings diversified across major economic sectors such as information technology, health care, consumer discretionary, financials, and industrials. Share classes include Institutional (EGOIX), Administrator (WFLLX), Class A (EGOAX), Class C (EGOCX), and R6 (EGORX), with Class A featuring a 5.75% maximum front-end sales charge, a net expense ratio of 1.07% after waivers (contractually capped through November 30, 2025), a minimum initial investment of $1,000 for regular accounts, annual distributions, and portfolio turnover of approximately 31-35%; as of recent data, fund assets stand at around $508-576 million. The fund, with an inception date of December 17, 2007, is advised by Allspring Funds Management, LLC and sub-advised by Allspring Global Investments, LLC, whose headquarters are located in Charlotte, North Carolina following a 2022 relocation from San Francisco; Allspring Global Investments originated as Wells Fargo Asset Management, spun off and rebranded in November 2021 after a $2.1 billion sale to GTCR and Reverence Capital Partners. It operates within the Large Blend category per Morningstar, benchmarked against the S&P 500 Index, with principal risks including market volatility, equity price fluctuations, foreign investment exposure, and growth/value style shifts. Recent developments for the broader Allspring organization, which oversees EGOAX, include the February 2025 decision to discontinue alternative equity strategies such as US Large Company Value, US Low Volatility, and Global Long/Short Equity due to competitive fee pressures from ETFs and indexed funds, with the team departing by June 2025; several fund mergers, such as ultra-short duration fixed income and small cap growth funds; and a May 2025 partnership with Bennelong Funds Management in Australia to launch the Allspring Global Income Fund targeting global fixed income sectors. Portfolio management for the Large Cap Core Fund remains stable under John R. Campbell, CFA (since 2015), and Vince Fioramonti, CFA (since 2019), with no reported changes specific to EGOAX; the prospectus was updated December 1, 2024, extending expense caps through late 2025, and performance as of late 2024 showed strong one-year returns around 30% for Class A shares.