- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 525 Market Street San Francisco CA United States of America 94105
- IPO Date
- Mar 16, 1988
- Business
- Allspring Special Global Small Cap Fund Class A (EKGAX) is an open-end mutual fund that seeks long-term capital appreciation by investing principally in equity securities of small-capitalization companies located in no fewer than three countries, including the U.S., with up to 10% of assets in emerging market equity securities; small-capitalization companies are defined as those with market capitalizations within the range of the MSCI World Small Cap Index at the time of purchase, approximately $65 million to $34.75 billion as of January 31, 2025. The fund employs a bottom-up, fundamentally driven investment process combined with top-down industry and sector analysis to identify undervalued companies with strong management, flexible balance sheets, and sustainable cash flows; it may use derivatives such as futures, options, and forward foreign currency contracts for risk management or return enhancement, while typically avoiding extensive currency hedging. Share classes include Class A (EKGAX) with a 5.75% front-end load and 1.42% net expense ratio after waivers, Institutional Class (EKGIX), and Class C (EKGCX); the fund is managed by Allspring Funds Management, LLC, with sub-adviser Allspring Global Investments, LLC, and a team of portfolio managers including James M. Tringas (since 2008), Oleg Makhorine (since 2012), Bryant VanCronkhite (since 2013), Brian Martin (since 2020), and Stephen Giggie (since 2020). Launched on March 16, 1988, and domiciled in the United States, the fund operates globally with a portfolio emphasizing industrials (29%), technology (16%), and financial services (15%), targeting individual and institutional investors through brokers, retirement plans, and financial intermediaries with minimum initial investments of $1,000 for Class A. Allspring Global Investments, the fund's parent, spun off from Wells Fargo Asset Management in November 2021 and relocated its headquarters from San Francisco to Charlotte, North Carolina, in October 2022. Recent operational changes include the closure of Class C shares (EKGCX) to new investors effective September 29, 2025, and their automatic conversion to Class A shares on or about November 14, 2025, as outlined in the September 15, 2025, summary prospectus.