Allspring Emerging Markets Equity Fund (EMGAX)
The fund normally invests at least 80% of its net assets in emerging market equity securities. It invests principally in equity or other listed securities of emerging market companies. The fund's managers 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. It may have exposure to stocks across any capitalizations and styles and will be diversified across countries and sectors.
Fund Info
| ISIN | US94984B3895 |
|---|---|
| CUSIP | 94984B389 |
| Issuer | Allspring Global Investments |
| Inception Date | Sep 5, 1994 |
| Category | Emerging Markets Diversified |
| Min. Investment | $1,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
EMGAX has a high expense ratio of 1.43%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Allspring Emerging Markets Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Allspring Emerging Markets Equity Fund had a return of 6.53% year-to-date (YTD) and 12.43% in the last 12 months. Over the past 10 years, Allspring Emerging Markets Equity Fund had an annualized return of 2.41%, while the S&P 500 had an annualized return of 10.99%, indicating that Allspring Emerging Markets Equity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.53% | 11.18% |
| 1 month | 9.55% | 5.60% |
| 6 months | 11.42% | 17.48% |
| 1 year | 12.43% | 26.33% |
| 5 years (annualized) | 3.05% | 13.16% |
| 10 years (annualized) | 2.41% | 10.99% |
Monthly Returns
The table below presents the monthly returns of EMGAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -5.22% | 4.07% | 2.37% | -1.14% | 6.53% | ||||||||
| 2023 | 8.65% | -6.78% | 3.09% | -1.61% | -1.55% | 4.71% | 4.71% | -6.84% | -3.33% | -3.00% | 7.01% | 4.55% | 8.37% |
| 2022 | -0.32% | -6.24% | -2.52% | -6.40% | 1.40% | -6.42% | -0.61% | 0.61% | -10.11% | -2.56% | 14.12% | -0.78% | -19.74% |
| 2021 | 1.91% | 2.78% | -2.67% | 2.66% | 0.29% | 2.32% | -9.80% | 2.03% | -5.70% | -0.53% | -5.18% | -0.04% | -12.13% |
| 2020 | -4.35% | -3.77% | -17.21% | 9.71% | 2.85% | 9.65% | 7.06% | 1.47% | -2.14% | 1.63% | 10.11% | 7.76% | 20.86% |
| 2019 | 10.04% | 1.97% | 0.59% | 3.22% | -8.09% | 6.73% | -0.70% | -1.91% | 1.82% | 5.16% | 0.63% | 6.37% | 27.57% |
| 2018 | 7.01% | -4.09% | -1.00% | -1.43% | -2.48% | -3.47% | 1.34% | -4.37% | -0.78% | -8.04% | 4.02% | -3.24% | -16.09% |
| 2017 | 5.98% | 2.30% | 4.49% | 2.66% | 3.27% | 0.13% | 5.10% | 1.80% | 0.66% | 1.39% | -0.85% | 3.24% | 34.42% |
| 2016 | -5.22% | -0.99% | 12.50% | 2.11% | -2.39% | 4.85% | 4.89% | 2.03% | 1.99% | -0.19% | -5.32% | -1.87% | 11.66% |
| 2015 | 0.05% | 2.52% | -2.41% | 5.85% | -2.91% | -1.03% | -6.05% | -8.92% | -3.30% | 8.45% | -2.16% | -3.11% | -13.39% |
| 2014 | -7.56% | 2.98% | 3.59% | 0.63% | 2.39% | 2.39% | 1.14% | 3.52% | -7.68% | 1.32% | -1.03% | -6.02% | -5.22% |
| 2013 | 1.06% | -1.47% | -1.35% | 1.88% | -2.82% | -5.19% | 1.46% | -2.67% | 6.81% | 3.62% | -2.11% | -1.27% | -2.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EMGAX is 19, indicating that it is in the bottom 19% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
EMGAX (Allspring Emerging Markets Equity Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Allspring Emerging Markets Equity Fund (EMGAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Allspring Emerging Markets Equity Fund granted a 0.87% dividend yield in the last twelve months. The annual payout for that period amounted to $0.22 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.22 | $0.18 | $0.07 | $0.02 | $0.18 | $0.08 | $0.04 | $0.13 | $0.10 | $0.14 |
Dividend yield | 0.87% | 0.92% | 0.78% | 0.24% | 0.06% | 0.67% | 0.36% | 0.15% | 0.67% | 0.59% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring Emerging Markets Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2014 | $0.14 | $0.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Allspring Emerging Markets Equity 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 Emerging Markets Equity Fund was 69.60%, occurring on Mar 2, 2009. Recovery took 2942 trading sessions.
The current Allspring Emerging Markets Equity Fund drawdown is 27.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -69.6% | Nov 1, 2007 | 333 | Mar 2, 2009 | 2942 | Nov 5, 2020 | 3275 |
| -53.64% | Feb 11, 2000 | 401 | Sep 21, 2001 | 600 | Feb 12, 2004 | 1001 |
| -45.89% | Feb 17, 2021 | 426 | Oct 24, 2022 | — | — | — |
| -38.67% | Aug 7, 1997 | 404 | Feb 23, 1999 | 220 | Dec 28, 1999 | 624 |
| -26.11% | May 9, 2006 | 25 | Jun 13, 2006 | 112 | Nov 21, 2006 | 137 |
Volatility
Volatility Chart
The current Allspring Emerging Markets Equity Fund volatility is 3.76%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.