Allspring Diversified Capital Builder Fund Class A
EKBAX
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
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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
- Jan 16, 1998
- CIK
- 0001081400
- Website
- allspringglobal.com
- Similar Companies
- Business
- Allspring Diversified Capital Builder Fund Class A (EKBAX) is an open-end mutual fund managed by Allspring Funds Management, LLC that seeks long-term total return, consisting of capital appreciation and current income, through an actively managed portfolio emphasizing equity securities and fixed income instruments. The fund normally invests up to 90% of its total assets in equity securities of companies of any capitalization that exhibit strong fundamental attributes, growth prospects, and attractive valuations; up to 30% in below-investment-grade corporate debt securities (high-yield or junk bonds) rated BB through CCC or equivalent, with a dollar-weighted average duration typically between two and six years; and up to 25% in foreign equity and debt securities, maintaining a target allocation of 70% to 90% equities and 10% to 30% debt that adjusts based on economic conditions and opportunities. It employs a top-down macroeconomic approach to select sectors and industries poised for growth or value recovery, followed by bottom-up fundamental analysis to identify securities across a company's capital structure, including common stocks, preferred stocks, convertible bonds, or debt; the portfolio features heavy exposure to U.S. stocks (approximately 84%), particularly in technology (39%), industrials (20%), and energy (15%), alongside U.S. bonds (15%) and minimal cash and non-U.S. holdings. Launched on January 20, 1998 and domiciled in the United States, the fund is available primarily to U.S. investors through broker-dealers and financial intermediaries, with Class A shares subject to a 5.75% front-end sales charge, a net expense ratio of 1.08%, and minimum initial investments of $1,000 ($250 for IRAs). Portfolio management is led by Margaret Patel since June 2007 and Robert Junkin since April 2019, under the sub-advisory of Allspring Global Investments, LLC, an independent asset manager headquartered in Charlotte, North Carolina following its relocation from San Francisco in October 2022. The fund's total net assets stand at approximately $1.64 billion, with the Class A share class comprising about $876 million as of recent data. In terms of recent developments, the fund maintained its strategy through the third quarter of 2025, outperforming its Diversified Capital Builder Blended Index benchmark (75% Russell 1000 Index / 25% ICE BofA U.S. Cash Pay High Yield Index) with a 7.13% return versus 6.58%, driven by equity outperformance amid economic growth and stable interest rates, despite fixed income underperformance; it continued to benefit from a contractual expense cap through January 31, 2026, limiting Institutional Class expenses to 0.78%. No major acquisitions, partnerships, funding rounds, or strategic shifts have been reported for the fund in the last 1-2 years, reflecting continuity in its moderately aggressive allocation approach within the mixed-asset target allocation growth category. Portfolio turnover remained moderate at 30% in the most recent fiscal year, supporting tax efficiency for taxable accounts.