- Business
- Allspring Special Global Small Cap Fund (EKGYX) 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 United States; the fund normally invests at least 80% of its total assets in such small-cap equities across developed markets, with up to 10% in emerging market securities, employing a disciplined bottom-up process focused on stocks offering attractive reward-to-risk ratios, established operating histories, durable asset bases, flexible balance sheets, and strong sustainable free cash flows. Share classes include Institutional (EKGIX), Administrator (EKGYX), Class A (EKGAX), and Class C (EKGCX), with net expense ratios ranging from 1.15% for Institutional shares to 2.22% for Class C shares (after waivers through February 28, 2025); the portfolio typically holds around 89 securities, diversified across sectors such as industrials (29%), information technology (19%), and materials (11%), and geographically with approximately 62% in North America, 25% in Europe, 9% in Japan, and 3% in Asia/Pacific ex-Japan. The fund commenced operations for the Administrator class on January 13, 1997, as part of Allspring Funds Trust, a Delaware statutory trust organized in 1999 and headquartered in Charlotte, North Carolina; it succeeded the Evergreen Global Opportunities Fund on July 19, 2010, following a reorganization involving predecessor portfolios from Wells Fargo Advantage Funds and Evergreen Funds.
The fund is managed by a team from Allspring Global Investments, LLC, including James Tringas (34 years of experience, managing since 2008), Bryant VanCronkhite (21 years), Stephen Giggie (20 years), Oleg Makhorine (29 years, since 2012), and Brian Martin (21 years), who utilize fundamental analysis of balance sheets, global equity valuation models, quantitative stress testing, and environmental, social, and governance risk assessments to construct a diversified portfolio targeting risk-adjusted returns superior to the MSCI World Small Cap Index.
In recent developments, the fund was renamed from Allspring Global Small Cap Fund, as noted in SEC filings around 2023, reflecting ongoing refinements to its branding under Allspring Global Investments; additionally, Allspring Funds announced on May 30, 2025, the approved conversion of Administrator Class shares (including EKGYX) of 34 funds into Institutional Class shares, aimed at streamlining share classes and potentially reducing expenses for investors.