Allspring Precious Metals Fund Class A
EKWAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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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
- Jan 16, 1998
- CIK
- 0001081400
- Website
- allspringglobal.com
- Similar Companies
- Business
- Allspring Precious Metals Fund Class A (EKWAX) is an open-end mutual fund that seeks capital appreciation by investing primarily in equity securities of companies engaged in the mining, fabrication, processing, marketing, transportation, or distribution of precious metals, including gold, silver, platinum, and palladium; the fund may also invest in precious metals themselves, precious metal futures contracts, options, and related derivatives. It offers Class A shares with a front-end sales load, alongside other share classes such as Institutional and R6, providing investors with exposure to the precious metals sector through a diversified portfolio that typically includes major producers like Newmont Corporation, Barrick Gold, and Wheaton Precious Metals. The fund targets institutional and retail investors seeking commodity-linked returns as a hedge against inflation or economic uncertainty, with geographic operations focused on global markets including North America, Australia, South Africa, and Latin America. Established in 1985 as the Evergreen Precious Metals Fund and headquartered in Charlotte, North Carolina, under the management of Allspring Global Investments, LLC, a subsidiary of GTCR-acquired Wells Fargo Asset Management rebranded in 2021 following its 2020 divestiture. In recent developments, the fund benefited from Allspring's 2023 strategic enhancements to its active management platform, including the launch of ESG-integrated precious metals strategies and expanded analytics tools amid rising demand for sustainable mining investments; additionally, Allspring announced partnerships with leading commodity index providers in 2024 to refine benchmark tracking and bolstered its team with hires from BlackRock's commodity division in early 2025.