Allspring Precious Metals Fund (EKWAX)

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Allspring Precious Metals Fund (EKWAX) is down 9.1% since the beginning of the year. EKWAX is currently trading at $132 per share. Investors who bought $1,000 worth of EKWAX shares 5 years ago would now be looking at an investment worth $2,773.

Allspring Precious Metals Fund (EKWAX) has returned -9.10% so far this year and 52.40% over the past 12 months. Over the last ten years, EKWAX has returned 11.51% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Jan 16, 1998, EKWAX's average daily return is +0.06%, while the average monthly return is +1.36%. At this rate, an investment would double in approximately 4.3 years.

Historically, 53% of months were positive and 47% were negative. The best month was Sep 1998 with a return of +44.4%, while the worst month was Oct 2008 at -36.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 9 months.

On a daily basis, EKWAX closed higher 50% of trading days. The best single day was Nov 21, 2008 with a return of +21.5%, while the worst single day was Oct 22, 2008 at -14.5%.

Allspring Precious Metals Fund has an annualized alpha of 12.93%, beta of 0.43, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since January 16, 1998.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (69.91%) than losses (52.17%) - typical of diversified or defensive assets.
• Beta of 0.43 may look defensive, but with R2 of 0.06 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.06 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

EKWAX has a high expense ratio of 1.09%, indicating above-average management fees.

EKWAX ranks 30 for risk / return — above 30% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.

Allspring Precious Metals Fund provided a 1.31% dividend yield over the last twelve months, with an annual payout of $1.74 per share.

The table displays the monthly dividend distributions for Allspring Precious Metals Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Allspring Precious Metals Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Allspring Precious Metals Fund was 76.76%, occurring on Jan 19, 2016. Recovery took 2326 trading sessions.

The current Allspring Precious Metals Fund drawdown is 32.40%.

The chart below shows the rolling one-month volatility.