Allspring Precious Metals Fund Insti Class
EKWYX
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
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
- San Francisco CA 94163 San Francisco CA United States of America 94163
- IPO Date
- Feb 29, 2000
- CIK
- 0001081400
- Website
- allspringglobal.com
- Similar Companies
- Business
- Allspring Precious Metals Fund Insti Class (EKWYX) is an open-end equity mutual fund that seeks long-term capital appreciation by investing primarily in securities related to precious metals. The fund normally invests at least 80% of its net assets in equity securities of companies operating across materials, metals and mining, gold, gold ores, precious metals and minerals sectors; it allocates any amount of total assets to foreign issuers including ADRs and similar investments, up to 40% in emerging market equity securities, and up to 25% in debt securities linked to precious metals or common/preferred stocks of subsidiaries investing directly or indirectly in precious metals and minerals. The fund is non-diversified, benchmarks performance against the FTSE Gold Mines Index and S&P 500 Index, and employs fundamental analysis with bottom-up and top-down stock picking across growth and value stocks in diversified market capitalizations, with top holdings including Agnico Eagle Mines Limited, Kinross Gold Corporation, Lundin Gold Inc., Newmont Corporation, and Alamos Gold Inc. Launched on February 29, 2000 as part of Allspring Funds Trust and domiciled in the United States, the Institutional Class (EKWYX) is managed by Allspring Global Investments, LLC from headquarters at 1415 Vantage Park Drive, 3rd Floor, Charlotte, North Carolina. The fund targets institutional investors with a minimum investment of $1,000,000 and maintains total net assets of approximately $1.03 billion, with the Institutional Class share size around $529 million as of recent data. It operates globally with heavy exposure to non-U.S. stocks (84.85%), focusing on precious metals companies in regions including emerging markets. Recent developments include a dividend distribution of $0.65022 per share on December 20, 2024, reflecting strong performance with a one-year return of 56.86% and YTD return of 25.33% as of early 2025. The fund traces its origins to Allspring Funds Trust formed on January 30, 1978, with prior names including Evergreen Precious Metals Fund (pre-2010) and Wells Fargo Advantage Precious Metals Fund (2010-2020), marking a rebranding to Allspring amid Wells Fargo's asset management transition. Managers Michael Bradshaw (since June 2007) and Oleg Makhorine (since July 2012) continue to oversee the portfolio amid robust sector growth.