- ISIN
- US94984B3895
- CUSIP
- 94984B389
- Inception Date
- Sep 5, 1994
- Category
- Emerging Markets Diversified
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
EMGAX Performance Chart
Allspring Emerging Markets Equity Fund (EMGAX) is up 26.6% since the beginning of the year. EMGAX is currently trading at $42 per share. Investors who bought $1,000 worth of EMGAX shares 5 years ago would now be looking at an investment worth $1,289.
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Returns By Period
Allspring Emerging Markets Equity Fund (EMGAX) has returned 26.56% so far this year and 50.34% over the past 12 months. Over the last ten years, EMGAX has returned 9.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Allspring Emerging Markets Equity Fund
- 1D
- 2.35%
- 1M
- 6.41%
- YTD
- 26.56%
- 6M
- 28.96%
- 1Y
- 50.34%
- 3Y*
- 20.95%
- 5Y*
- 5.21%
- 10Y*
- 9.61%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EMGAX Monthly Returns History
Based on dividend-adjusted daily data since Sep 6, 1994, EMGAX's average daily return is +0.03%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 57% of months were positive and 43% were negative. The best month was Dec 1999 with a return of +17.9%, while the worst month was Oct 2008 at -24.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 8 months.
On a daily basis, EMGAX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +13.1%, while the worst single day was Sep 17, 2001 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.86% | 4.79% | -10.67% | 11.74% | 9.42% | 2.53% | 26.56% | ||||||
| 2025 | 2.17% | 0.39% | 2.15% | 1.42% | 4.69% | 6.35% | 0.71% | 2.09% | 7.20% | 4.53% | -2.53% | 2.59% | 36.30% |
| 2024 | -5.22% | 4.07% | 2.37% | -1.14% | 1.60% | 2.15% | -0.24% | 2.31% | 6.02% | -3.52% | -2.62% | -1.87% | 3.38% |
| 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% | -9.81% | 2.03% | -5.70% | -0.53% | -5.18% | -0.04% | -12.13% |
Benchmark Metrics
Allspring Emerging Markets Equity Fund has an annualized alpha of 1.24%, beta of 0.72, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since September 06, 1994.
- This fund participated in 102.28% of S&P 500 Index downside but only 93.58% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.24%
- Beta
- 0.72
- R²
- 0.49
- Upside Capture
- 93.58%
- Downside Capture
- 102.28%
Expense Ratio
EMGAX has a high expense ratio of 1.43%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EMGAX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Allspring Emerging Markets Equity Fund (EMGAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMGAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 2.78 | +0.91 |
| Martin ratioReturn relative to average drawdown | 13.04 | 12.44 | +0.60 |
Dividends
Dividend History
Allspring Emerging Markets Equity Fund provided a 1.43% dividend yield over the last twelve months, with an annual payout of $0.60 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.60 | $0.26 | $0.22 | $0.18 | $0.07 | $0.02 | $0.18 | $0.08 | $0.38 | $0.13 | $0.10 |
Dividend yield | 1.43% | 1.80% | 1.06% | 0.92% | 0.78% | 0.24% | 0.06% | 0.67% | 0.36% | 1.49% | 0.67% | 0.59% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 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 |
Drawdowns
Drawdowns Chart
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.
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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 61.83%, occurring on Nov 20, 2008. Recovery took 492 trading sessions.
The current Allspring Emerging Markets Equity Fund drawdown is 1.33%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.83%Nov 2008 | 1y 20d | 1y 11mo | 3y 4dNov 2007 - Nov 2010 |
Dot-com crash2000–2002 | -53.64%Sep 2001 | 1y 7mo | 2y 4mo | 4y 2dFeb 2000 - Feb 2004 |
Bear market2022 | -45.89%Oct 2022 | 1y 8mo | 3y 3mo | 4y 11moFeb 2021 - Jan 2026 |
1999 bear market1999 | -37.07%Feb 1999 | 1y 6mo | 10mo 3d | 2y 4moAug 1997 - Dec 1999 |
COVID crash2020 | -34.57%Mar 2020 | 2mo 2d | 5mo 8d | 7mo 10dJan 2020 - Aug 2020 |
Drawdown Indicators
| EMGAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -56.78% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -9.10% | -4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -15.20% | -18.90% | +3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -43.48% | -25.43% | -18.05% |
Max Drawdown (10Y)Largest decline over 10 years | -45.89% | -33.92% | -11.97% |
Current DrawdownCurrent decline from peak | -1.33% | -1.80% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -17.18% | -10.71% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 2.03% | +1.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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