Allspring Emerging Markets Equity Fund
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, Allspring Emerging Markets Equity Fund held 116 positions with $3.89B in net assets. Its ten largest holdings made up 48.1% of the fund. The EMGAX share class costs 1.43% a year. Over the 12 months to May 2026, EMGAX returned 51.2%, with dividends reinvested. In 2026 Q3 it added 3 new positions and exited 1.
The Fund seeks long-term capital appreciation.
The fund invests at least 80% of assets in equity securities of emerging market companies, selected through bottom-up research for quality characteristics including strong competitive position, financial strength, favorable ESG attributes, and sustainable profitability, purchased only when trading meaningfully below estimated intrinsic value. Because returns depend on the manager's assessment of intrinsic value and selection of individual securities, performance will diverge from emerging market equity indexes. The fund trims or sells positions when stock price exceeds intrinsic value or company fundamentals deteriorate materially.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 13.83% | $538.38M | 7.8M | $69.42 |
Samsung Electronics Co Ltd | 9.40% | $365.76M | 2.4M | $150.59 |
SK hynix Inc | 6.74% | $262.27M | 294.1K | $891.77 |
Tencent Holdings Ltd | 4.49% | $174.58M | 2.9M | $60.73 |
Alibaba Group Holding Ltd | 2.76% | $107.37M | 6.5M | $16.48 |
Reliance Industries Ltd | 2.61% | $101.54M | 6.7M | $15.17 |
MediaTek Inc | 2.34% | $90.90M | 1.1M | $83.48 |
TSMTaiwan Semiconductor Manufacturing Co Ltd | 2.07% | $80.42M | 203.1K | $396.06 |
Bharti Airtel Ltd | 1.99% | $77.31M | 3.9M | $20.03 |
HDFC Bank Ltd | 1.91% | $74.31M | 9.1M | $8.21 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 116 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.19% |
| Cash & short-term | 1.19% |
How it has done
EMGAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 20.73%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.43% | +51.23% | +86.35% | +112.32% | -12.64% | |
| 2.18% | — | — | — | — | |
| 1.36% | — | — | — | — | |
| 1.11% | +51.69% | +88.00% | +114.61% | -12.57% | |
| 1.01% | +51.86% | +88.62% | +115.48% | -12.61% |
Fees & fund details
Allspring Emerging Markets Equity Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 1.01% – 2.18%· EMGAX 1.43%
- Portfolio turnover
- 9.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
3 new
1 exited
Understand how this fund fits with the rest.
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