Allspring Large Cap Core Fund
EGOIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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 United States of America 94105
- IPO Date
- Dec 18, 2007
- CIK
- 0001081400
- Website
- allspringglobal.com
- Similar Companies
- Business
- Allspring Large Cap Core Fund (Institutional Class: EGOIX) 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 (approximately $6.75 billion to $3.41 trillion as of October 31, 2024); it employs a disciplined quantitative strategy grounded in fundamental research, evaluating companies based on valuation, quality, and trading momentum factors, followed by qualitative assessments of management strength, industry positioning, and risk profiles to construct a focused portfolio of approximately 50-53 holdings diversified across major economic sectors such as information technology (28%), health care (14%), and consumer discretionary (12%). The fund offers multiple share classes including Institutional (EGOIX), Administrator (WFLLX), Class A (EGOAX), Class C (EGOCX), and Class R6 (EGORX), with net expense ratios after fee waivers ranging from 0.65% (R6) to 1.82% (C) through November 30, 2025; it may invest up to 10% in foreign equity securities including ADRs, avoids significant exposure to alcohol, gaming, or tobacco issuers, and uses futures contracts to equitize cash positions. Managed by a team led by John R. Campbell, CFA (since 2015) and Vince Fioramonti, CFA (since 2019) at sub-adviser Allspring Global Investments, LLC, under advisor Allspring Funds Management, LLC, the fund was incepted on December 17, 2007, with approximately $507.83 million in assets and a portfolio turnover of 35.25% as of March 31, 2024. Allspring Global Investments, headquartered at 1415 Vantage Way, 3rd Floor, Charlotte, North Carolina, operates globally with offices including London; the firm, spun off from Wells Fargo Asset Management in November 2021 and backed by GTCR and Reverence Capital Partners (with Wells Fargo holding less than 10%), manages diverse strategies across asset classes for institutional and individual investors. Recent developments include the extension of contractual expense caps through November 30, 2025; in 2025, Allspring discontinued its alternative equity strategies (including US Large Company Value and Global Long/Short Equity, though not impacting Large Cap Core), announced portfolio manager changes for certain closed-end and other funds, merged select fixed income and small cap growth funds, and partnered with SMArtX Advisory Solutions in October 2024 to offer its separately managed accounts via the SMArtY platform, alongside launching new exchange-traded funds.