Allspring Emerging Markets Equity Fund Admin Class
EMGYX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 525 Market Street San Francisco CA United States of America 94105
- IPO Date
- Sep 6, 1994
- CIK
- 0001081400
- Similar Companies
- Business
- Allspring Emerging Markets Equity Fund Admin Class (EMGYX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of emerging market companies, including those traded in, domiciled in, or deriving a majority of revenue from emerging markets as defined by the MSCI Emerging Markets Index; it principally employs a bottom-up, research-driven stock selection process targeting high-quality companies with strong competitive positions, financial strength, profitability, favorable ESG attributes, and quality management, purchased at discounts to intrinsic value, with diversification across market capitalizations, styles, countries, and sectors including technology, communication services, consumer cyclical, financial services, and consumer defensive; the fund may use futures contracts for risk management or return enhancement. The fund, with total net assets of approximately $3.63 billion and a share class size of $31.61 million for the Admin Class, features a net expense ratio of 1.36% after fee waivers through February 28, 2025, no front-end or deferred loads, a minimum initial investment of $1 million, and daily pricing; its portfolio turnover was 4% in the most recent fiscal year, with top holdings typically including companies like Taiwan Semiconductor Manufacturing Co Ltd, Tencent Holdings Ltd, Samsung Electronics Co Ltd, and Reliance Industries Ltd, representing about 24.85% of the portfolio; assets are allocated primarily to non-U.S. stocks (98.20%), cash (1.37%), and minimal U.S. stocks (0.44%), with regional exposure led by Emerging Asia (47.29%), Developed Asia (31.70%), and Latin America (12.37%). Managed by Allspring Funds Management, LLC, with sub-advisory from Allspring Global Investments, LLC, the portfolio team includes Yi (Jerry) Zhang since 2006, Derrick Irwin since 2011, Richard Peck since 2014, and new addition Prashant Paroda since October 16, 2024. Launched on September 6, 1994, and domiciled in the United States, the fund operates through Allspring Global Investments, headquartered in Charlotte, North Carolina, targeting institutional investors such as corporations, endowments, retirement plans, and registered investment advisors. Recent developments include the appointment of Prashant Paroda as portfolio manager in October 2024 and Allspring's launch of two climate transition fixed-income sub-funds seeded by Aon with £100 million in February 2025, alongside a related Luxembourg-domiciled fund name change to Allspring Emerging Markets Equity Advantage Fund in June 2025 to better reflect its growth and income orientation without altering strategy or team.