Allspring Emerging Markets Equity Income Fund (EQIIX)

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Allspring Emerging Markets Equity Income Fund (EQIIX) is up 29.7% since the beginning of the year. EQIIX is currently trading at $19 per share. Investors who bought $1,000 worth of EQIIX shares 5 years ago would now be looking at an investment worth $1,592.

Allspring Emerging Markets Equity Income Fund (EQIIX) has returned 29.73% so far this year and 56.72% over the past 12 months. Over the last ten years, EQIIX has returned 9.76% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jun 4, 2012, EQIIX's average daily return is +0.03%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +13.7%, while the worst month was Mar 2020 at -18.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, EQIIX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +7.7%, while the worst single day was Mar 16, 2020 at -9.7%.

Allspring Emerging Markets Equity Income Fund has an annualized alpha of -0.17%, beta of 0.63, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since June 05, 2012.

• This fund participated in 86.12% of S&P 500 Index downside but only 67.91% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.63 may look defensive, but with R2 of 0.49 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 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

EQIIX has a high expense ratio of 1.22%, indicating above-average management fees.

EQIIX ranks 89 for risk / return — in the top 89% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Allspring Emerging Markets Equity Income Fund (EQIIX) and compare them to S&P 500 Index.

Allspring Emerging Markets Equity Income Fund provided a 1.98% dividend yield over the last twelve months, with an annual payout of $0.38 per share.

The table displays the monthly dividend distributions for Allspring Emerging Markets Equity Income 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 Emerging Markets Equity Income 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 Income Fund was 38.13%, occurring on Mar 23, 2020. Recovery took 196 trading sessions.

The chart below shows the rolling one-month volatility.