Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Allspring Emerging Markets Equity Fund
mutual fund
EMGDX
Payout Change
Pending
Price as of:
$26.94
+0.13
+0.48%
primary theme
Emerging Markets Equity
share class
EMGDX (Mutual Fund)
Allspring Emerging Markets Equity Fund
Payout Change
Pending
Price as of:
$26.94
+0.13
+0.48%
primary theme
Emerging Markets Equity
share class
EMGDX (Mutual Fund)
Allspring Emerging Markets Equity Fund
Payout Change
Pending
Price as of:
$26.94
+0.13
+0.48%
primary theme
Emerging Markets Equity
share class
Name
As of 11/25/2024Price
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
6.6%
1 yr return
11.2%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
1.2%
Net Assets
$4.01 B
Holdings in Top 10
38.3%
52 WEEK LOW AND HIGH
$26.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.15%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 9.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/25/2024Price
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
EMGDX - Profile
Distributions
- YTD Total Return 6.6%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.23%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAllspring Emerging Markets Equity Fund
-
Fund Family NameAllspring Funds
-
Inception DateJun 28, 2013
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerYi (Jerry) Zhang
Fund Description
Under normal circumstances, we invest:
| ■ | at least 80% of the Fund’s net assets in emerging market equity securities. |
We invest principally in equity or other listed securities of emerging market companies. We consider emerging market companies to include companies that are traded in, have their primary operations in, are domiciled in or derive a majority of their revenue from emerging market countries as defined by the MSCI Emerging Markets Index. We may use futures to manage risk or to enhance return. The Fund may have exposure to stocks across any capitalizations and styles and will be diversified across countries and sectors.
Utilizing a bottom-up, research driven stock selection process, we seek to invest in quality companies at prices below their intrinsic value. From the available stock universe we focus only on those quality companies that are able to sustain high profitability over a long period of time for reasons we can understand. We believe that quality companies create value for investors from profitable investment of retained earnings and dividend payout and preserve value in adversity. We further believe that quality companies that embrace sustainable environmental, social and governance (ESG) policies are more likely to avoid permanent loss of capital than companies that do not. Among the characteristics we seek in high-quality companies are strong competitive position, demonstrable financial strength and profitability, favorable ESG attributes, quality management dedicated to public shareholders’ interest, and favorable growth prospect supported by major long-term trends. ESG information and research are integral to the investment process for the specific purpose of increasing our knowledge of companies, identifying and evaluating risks and opportunities, and engaging with companies to influence corporate behaviors, all of which can impact the team’s assessment of a company’s quality and long term intrinsic value. ESG factors represent broad categories, and the team’s ESG research is pragmatic and driven by bottom-up, company-specific issues that are important to individual companies in our pool of quality investments. In general, ESG research and engagement are broad and cover environmental, social, and governance issues as appropriate for each company, such as the environmental impact of a proposed project, employee protections in a supply chain, or composition of the board of directors. We also focus on understanding each company’s intrinsic value and will only invest when a company’s stock trades at a meaningful discount to this value. We do not attempt to anticipate or react to short term market fluctuations, but instead seek to take advantage of periodic market inefficiencies to buy the high quality companies at prices below our assessment of their intrinsic value. We have a disciplined approach to the monitoring and sale of holdings and our decisions to trim or sell out of positions may be triggered when a stock price exceeds its intrinsic value or when there is a material deterioration in the fundamentals of the company.
EMGDX - Performance
Return Ranking - Trailing
| Period | EMGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -11.9% | 35.8% | 68.70% |
| 1 Yr | 11.2% | -8.0% | 39.0% | 67.14% |
| 3 Yr | -2.5%* | -12.5% | 12.3% | 59.91% |
| 5 Yr | 1.2%* | -5.3% | 11.6% | 79.02% |
| 10 Yr | 2.9%* | -2.0% | 6.5% | 51.13% |
* Annualized
Return Ranking - Calendar
| Period | EMGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.3% | -6.5% | 35.5% | 61.92% |
| 2022 | -20.4% | -50.1% | -2.4% | 20.52% |
| 2021 | -12.4% | -33.1% | 22.5% | 81.20% |
| 2020 | 20.8% | -22.1% | 80.1% | 37.36% |
| 2019 | 26.8% | -0.7% | 42.0% | 9.17% |
Total Return Ranking - Trailing
| Period | EMGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -11.9% | 35.8% | 68.70% |
| 1 Yr | 11.2% | -8.0% | 39.0% | 67.14% |
| 3 Yr | -2.5%* | -12.5% | 12.3% | 59.91% |
| 5 Yr | 1.2%* | -5.3% | 11.6% | 79.02% |
| 10 Yr | 2.9%* | -2.0% | 6.5% | 51.13% |
* Annualized
Total Return Ranking - Calendar
| Period | EMGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.8% | -2.7% | 42.0% | 69.82% |
| 2022 | -19.4% | -42.2% | 1.9% | 25.18% |
| 2021 | -11.8% | -32.5% | 33.1% | 95.69% |
| 2020 | 21.4% | -20.0% | 81.6% | 38.16% |
| 2019 | 28.1% | 2.3% | 42.0% | 12.33% |
NAV & Total Return History
EMGDX - Holdings
Concentration Analysis
| EMGDX | Category Low | Category High | EMGDX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.01 B | 682 K | 103 B | 16.76% |
| Number of Holdings | 118 | 9 | 7534 | 39.72% |
| Net Assets in Top 10 | 1.46 B | 290 K | 23.8 B | 16.48% |
| Weighting of Top 10 | 38.29% | 2.9% | 101.1% | 31.45% |
Top 10 Holdings
- Samsung Electronics Co Ltd 7.05%
- Taiwan Semiconductor Manufacturing Co Ltd 6.50%
- Taiwan Semiconductor Manufacturing Co Ltd 5.06%
- Tencent Holdings Ltd 4.80%
- Reliance Industries Ltd 4.35%
- Bharti Airtel Ltd 2.32%
- HDFC Bank Ltd 2.15%
- ITC Ltd 2.14%
- WH Group Ltd 1.98%
- SK Hynix Inc 1.94%
Asset Allocation
| Weighting | Return Low | Return High | EMGDX % Rank | |
|---|---|---|---|---|
| Stocks | 99.16% | 0.00% | 107.82% | 18.59% |
| Cash | 1.05% | -2.03% | 98.08% | 68.87% |
| Preferred Stocks | 0.32% | 0.00% | 13.31% | 50.85% |
| Other | 0.00% | -1.11% | 26.93% | 28.31% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 3.26% |
| Bonds | 0.00% | 0.00% | 88.10% | 12.96% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | EMGDX % Rank | |
|---|---|---|---|---|
| Technology | 18.71% | 0.00% | 47.50% | 77.75% |
| Consumer Cyclical | 18.40% | 0.00% | 48.94% | 9.42% |
| Consumer Defense | 17.64% | 0.00% | 25.90% | 2.85% |
| Communication Services | 16.74% | 0.00% | 39.29% | 1.28% |
| Financial Services | 14.94% | 0.00% | 48.86% | 85.88% |
| Energy | 5.01% | 0.00% | 24.80% | 36.80% |
| Healthcare | 2.55% | 0.00% | 16.53% | 70.61% |
| Industrials | 2.07% | 0.00% | 43.53% | 93.72% |
| Basic Materials | 2.00% | 0.00% | 30.03% | 93.01% |
| Real Estate | 1.93% | 0.00% | 17.15% | 40.51% |
| Utilities | 0.00% | 0.00% | 39.12% | 70.47% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | EMGDX % Rank | |
|---|---|---|---|---|
| Non US | 70.14% | 0.00% | 100.18% | 90.85% |
| US | 29.03% | 0.00% | 100.95% | 4.08% |
EMGDX - Expenses
Operational Fees
| EMGDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.15% | 0.03% | 29.98% | 62.99% |
| Management Fee | 1.02% | 0.00% | 2.00% | 86.04% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 0.66% |
| Administrative Fee | N/A | 0.01% | 0.85% | 15.38% |
Sales Fees
| EMGDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| EMGDX 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.
| EMGDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 9.00% | 0.00% | 189.00% | 3.64% |
EMGDX - Distributions
Dividend Yield Analysis
| EMGDX | Category Low | Category High | EMGDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.28% | 0.00% | 9.74% | 64.93% |
Dividend Distribution Analysis
| EMGDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| EMGDX | Category Low | Category High | EMGDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.23% | -1.98% | 17.62% | 68.57% |
Capital Gain Distribution Analysis
| EMGDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.343 | OrdinaryDividend |
| Dec 21, 2022 | $0.304 | OrdinaryDividend |
| Dec 23, 2021 | $0.223 | OrdinaryDividend |
| Dec 21, 2020 | $0.138 | OrdinaryDividend |
| Dec 23, 2019 | $0.298 | OrdinaryDividend |
| Dec 27, 2018 | $0.200 | OrdinaryDividend |
| Dec 28, 2017 | $0.208 | OrdinaryDividend |
| Dec 29, 2016 | $0.223 | OrdinaryDividend |
| Dec 30, 2015 | $0.234 | OrdinaryDividend |
| Dec 30, 2014 | $0.259 | OrdinaryDividend |
| Dec 30, 2013 | $0.097 | OrdinaryDividend |
EMGDX - Fund Manager Analysis
Managers
Yi (Jerry) Zhang
Start Date
Tenure
Tenure Rank
Sep 08, 2006
15.74
15.7%
Yi (Jerry) Zhang, Ph.D., CFA, joined Wells Capital Management or one of its predecessor firms in 2004, where he currently serves as a Senior Portfolio Manager and Head of the Berkeley Street Emerging Markets Equity team. Previously, he served as a Vice President at Oppenheimer Asset Management (1999-2004). Jerry has been working in the investment management field since 1999. He received a BA in Finance from Nankai University (1993) and a PhD in Economics from Vanderbilt University (1999). Jerry has been awarded the use of the Chartered Financial Analyst (CFA) designation by the CFA Institute, and he is a member of the Boston Securities Analysts Society.
Derrick Irwin
Start Date
Tenure
Tenure Rank
Oct 01, 2011
10.67
10.7%
Derrick Irwin is a portfolio manager for the Intrinsic Emerging Markets team at Allspring Global Investments. Derrick has portfolio management responsibility for the emerging markets all-cap and large-/mid-cap portfolios. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM from Evergreen Investments, where he served as a senior research analyst. Earlier, he served as an analyst with Advest Inc. and as a portfolio manager with Goldman Sachs & Co. Derrick began his investment industry career in 1993. He earned a bachelor’s degree in economics from Colgate University and a master’s degree in business administration with an emphasis in finance from the University of Pennsylvania. Derrick has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Society Boston.
Richard Peck
Start Date
Tenure
Tenure Rank
May 02, 2014
8.08
8.1%
Richard Peck is a portfolio manager for the Intrinsic Emerging Markets team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to WFAM, he served as an emerging market equity research analyst at Fidelity Management & Research and American Century Investments focusing on the Latin American equity markets. Before that, he was an analyst at Goldman Sachs with the firm’s Latin America Equity Research department. He began his investment industry career in 2000. Richard earned a bachelor’s degree in business administration from the University of Massachusetts at Amherst and a master’s degree in finance from Brandeis University. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.65 | 13.42 |
