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Allspring Precious Metals Fund
mutual fund
EKWCX
Payout Change
Pending
Price as of:
$49.39
+0.09
+0.18%
primary theme
Precious Metals Industry Equity
share class
EKWCX (Mutual Fund)
Allspring Precious Metals Fund
Payout Change
Pending
Price as of:
$49.39
+0.09
+0.18%
primary theme
Precious Metals Industry Equity
share class
EKWCX (Mutual Fund)
Allspring Precious Metals Fund
Payout Change
Pending
Price as of:
$49.39
+0.09
+0.18%
primary theme
Precious Metals Industry Equity
share class
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
21.6%
1 yr return
19.1%
3 Yr Avg Return
7.0%
5 Yr Avg Return
6.0%
Net Assets
$249 M
Holdings in Top 10
53.0%
52 WEEK LOW AND HIGH
$49.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.94%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 15.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
EKWCX - Profile
Distributions
- YTD Total Return 21.6%
- 3 Yr Annualized Total Return 7.0%
- 5 Yr Annualized Total Return 6.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.21%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Precious Metals Fund
-
Fund Family NameAllspring Funds
-
Inception DateJan 29, 1998
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Bradshaw
Fund Description
Under normal circumstances, we invest:
| ■ | at least 80% of the Fund’s net assets in investments related to precious metals; |
| ■ | any amount of the Fund’s total assets in equity securities of foreign issuers, including ADRs and similar investments; |
| ■ | up to 40% of the Fund’s total assets in emerging market equity securities; and |
| ■ | up to 25% of the Fund’s total assets, at the time of purchase, in debt securities linked to precious metals and common or preferred stocks of subsidiaries of the Fund that invest directly or indirectly in precious metals and minerals. |
The Fund may invest in foreign securities, including ADRs and similar investments, which are typically denominated in non-U.S. currencies, and may also invest in U.S. securities. While we may invest in precious metals companies domiciled in any jurisdiction in the world, the Fund may concentrate its investments in a limited number of countries.
We invest principally in investments related to precious metals across all market capitalizations. These investments include equity securities of a wholly owned subsidiary of the Fund set up in the Cayman Islands that may invest directly in precious metals or minerals. We define precious metals companies as those that are engaged in, or which receive at least 50% of their revenues from the exploration, development, mining, processing, or dealing in gold or other precious metals and minerals, including, but not limited to, silver, platinum, and diamonds. We concentrate the Fund’s investments in the precious metals sector, and because we retain the flexibility to invest in a relatively small number of stocks, the Fund is also considered to be non-diversified.
Primary emphasis is placed on precious metals related companies. The Fund’s investment process takes a disciplined approach to risk management through top-down macroeconomic analysis and bottom-up stock selection. Among the macroeconomic influences considered include: geopolitical risks, the relative strength of the U.S. dollar, jewelry demand, inflation expectations, the seasonality of gold, investment demand and relative valuation levels for the precious metals universe. From a bottom-up perspective, management looks for higher quality precious metals companies that are positioned to improve their relative value over time. We continually review the investments of the portfolio. Among the factors which may influence the reduction of a position are: the achievement of a valuation target, the deterioration in the underlying fundamentals of the business, or the identification of more attractive investment opportunity.
EKWCX - Performance
Return Ranking - Trailing
| Period | EKWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.6% | -32.8% | 24.6% | 9.23% |
| 1 Yr | 19.1% | -33.0% | 22.3% | 10.77% |
| 3 Yr | 7.0%* | -26.9% | 8.2% | 6.15% |
| 5 Yr | 6.0%* | -2.5% | 8.4% | 31.25% |
| 10 Yr | 6.8%* | -2.8% | 10.3% | 54.72% |
* Annualized
Return Ranking - Calendar
| Period | EKWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.0% | -19.2% | 10.1% | 10.77% |
| 2022 | -10.0% | -32.9% | -1.3% | 18.46% |
| 2021 | -11.9% | -51.0% | 70.4% | 53.85% |
| 2020 | 23.4% | 10.6% | 63.4% | 71.88% |
| 2019 | 39.3% | -1.0% | 54.7% | 48.28% |
Total Return Ranking - Trailing
| Period | EKWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.6% | -32.8% | 24.6% | 9.23% |
| 1 Yr | 19.1% | -33.0% | 22.3% | 10.77% |
| 3 Yr | 7.0%* | -26.9% | 8.2% | 6.15% |
| 5 Yr | 6.0%* | -2.5% | 8.4% | 31.25% |
| 10 Yr | 6.8%* | -2.8% | 10.3% | 54.72% |
* Annualized
Total Return Ranking - Calendar
| Period | EKWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.0% | -19.2% | 12.3% | 16.92% |
| 2022 | -8.4% | -32.9% | 2.7% | 15.38% |
| 2021 | -11.7% | -23.6% | 80.2% | 80.00% |
| 2020 | 23.4% | 10.6% | 70.6% | 87.50% |
| 2019 | 39.3% | 0.7% | 58.5% | 50.00% |
NAV & Total Return History
EKWCX - Holdings
Concentration Analysis
| EKWCX | Category Low | Category High | EKWCX % Rank | |
|---|---|---|---|---|
| Net Assets | 249 M | 12.9 M | 14 B | 76.92% |
| Number of Holdings | 48 | 22 | 268 | 67.69% |
| Net Assets in Top 10 | 197 M | 11.1 M | 9.64 B | 67.69% |
| Weighting of Top 10 | 52.97% | 29.8% | 87.4% | 58.46% |
Top 10 Holdings
- Agnico Eagle Mines Ltd 7.06%
- Newmont Corp 6.40%
- Kinross Gold Corp 5.88%
- Lundin Gold Inc 5.82%
- GOLD BULLION 5.45%
- Alamos Gold Inc 5.38%
- Wheaton Precious Metals Corp 5.11%
- Barrick Gold Corp 4.61%
- Endeavour Mining PLC 3.65%
- Northern Star Resources Ltd 3.61%
Asset Allocation
| Weighting | Return Low | Return High | EKWCX % Rank | |
|---|---|---|---|---|
| Stocks | 98.01% | 79.45% | 119.48% | 73.85% |
| Cash | 1.99% | 0.00% | 13.94% | 50.77% |
| Other | 0.01% | -1.52% | 17.99% | 58.46% |
| Preferred Stocks | 0.00% | 0.00% | 0.71% | 67.69% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 67.69% |
| Bonds | 0.00% | 0.00% | 3.33% | 70.77% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | EKWCX % Rank | |
|---|---|---|---|---|
| Basic Materials | 100.00% | 93.10% | 100.00% | 49.23% |
| Utilities | 0.00% | 0.00% | 0.02% | 67.69% |
| Technology | 0.00% | 0.00% | 0.19% | 67.69% |
| Real Estate | 0.00% | 0.00% | 0.00% | 67.69% |
| Industrials | 0.00% | 0.00% | 4.56% | 69.23% |
| Healthcare | 0.00% | 0.00% | 0.00% | 67.69% |
| Financial Services | 0.00% | 0.00% | 0.14% | 67.69% |
| Energy | 0.00% | 0.00% | 2.88% | 69.23% |
| Communication Services | 0.00% | 0.00% | 0.00% | 67.69% |
| Consumer Defense | 0.00% | 0.00% | 0.00% | 67.69% |
| Consumer Cyclical | 0.00% | 0.00% | 2.75% | 67.69% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | EKWCX % Rank | |
|---|---|---|---|---|
| Non US | 62.38% | 0.00% | 90.88% | 40.00% |
| US | 35.63% | 4.58% | 93.04% | 64.62% |
EKWCX - Expenses
Operational Fees
| EKWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.94% | 0.39% | 5.11% | 9.23% |
| Management Fee | 0.65% | 0.35% | 1.00% | 44.62% |
| 12b-1 Fee | 0.75% | 0.00% | 1.00% | 77.14% |
| Administrative Fee | N/A | 0.10% | 0.25% | 66.67% |
Sales Fees
| EKWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 1.00% | 77.78% |
Trading Fees
| EKWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| EKWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 15.00% | 1.00% | 114.00% | 34.92% |
EKWCX - Distributions
Dividend Yield Analysis
| EKWCX | Category Low | Category High | EKWCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.36% | 89.23% |
Dividend Distribution Analysis
| EKWCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| EKWCX | Category Low | Category High | EKWCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.21% | -18.00% | 5.11% | 83.08% |
Capital Gain Distribution Analysis
| EKWCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.045 | OrdinaryDividend |
| Dec 15, 2022 | $0.663 | OrdinaryDividend |
| Dec 16, 2021 | $0.090 | OrdinaryDividend |
| Dec 15, 2017 | $0.346 | OrdinaryDividend |
| Dec 14, 2016 | $0.056 | OrdinaryDividend |
| Dec 09, 2013 | $0.209 | CapitalGainLongTerm |
| Dec 07, 2012 | $2.229 | CapitalGainLongTerm |
| Dec 15, 2011 | $0.349 | OrdinaryDividend |
| Dec 09, 2011 | $0.491 | CapitalGainLongTerm |
| Dec 16, 2010 | $3.216 | OrdinaryDividend |
| Dec 10, 2010 | $6.758 | CapitalGainLongTerm |
EKWCX - Fund Manager Analysis
Managers
Michael Bradshaw
Start Date
Tenure
Tenure Rank
Jun 05, 2007
15.0
15.0%
Michael Bradshaw is a managing director and senior portfolio manager for the Precious Metals team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM from Evergreen Investments, where he served in a similar role. Before that, Michael was a vice president and senior analyst with Pioneer Investment Management and earlier at CIBC Wood Gundy Securities Inc., where he served as a research associate. Michael earned a bachelor’s degree in geology from the University of Western Ontario and a master’s degree in business administration with an emphasis in finance from the University of Toronto. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Society Boston and CFA Society Toronto.
Oleg Makhorine
Start Date
Tenure
Tenure Rank
Jul 09, 2012
9.9
9.9%
Oleg Makhorine is a portfolio manager for the Special Global Equity and Precious Metals teams at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to his current role, he served as a senior research analyst for the Berkeley Street International Equity team, having joined WFAM from the Evergreen merger. Before that, Oleg served as partner and portfolio manager with Sphynx Funds and as an international equities analyst with Mackenzie Investment Management. Earlier, he was a financial analyst and emerging markets analyst with L.E. Holdings. Oleg earned a bachelor’s degree in finance from the International Business Academy and a master’s degree in finance from Florida International University. He is a member of CFA Society Miami.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 1.25 | 34.34 | 11.89 | 1.3 |
