Allspring Special Small Cap Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Allspring Special Small Cap Value Fund held 109 positions with $2.96B in net assets. Its ten largest holdings made up 25.5% of the fund. The ESPAX share class costs 1.24% a year. Over the 12 months to May 2026, ESPAX returned 32.2%, with dividends reinvested. In 2026 Q2 it added 11 new positions and exited 14.
The Fund seeks long-term capital appreciation.
The fund invests at least 80% of assets in equity securities of small-capitalization companies within the Russell 2000 Index range, selecting undervalued stocks with favorable reward-to-risk ratios, durable competitive advantages, strong balance sheets, and sustainable cash flows. The manager seeks companies trading out of favor or undergoing corporate actions expected to drive above-average appreciation. Holdings are sold when they approach price targets, downside risks rise materially, fundamentals deteriorate, or more attractive opportunities emerge. Because returns depend on the manager's security selection, performance will diverge from the Russell 2000 Index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
IOSPInnospec Inc | 3.33% | $98.27M | 1.2M | $81.39 |
3.28% | $96.95M | 904.5K | $107.19 | |
2.98% | $88.24M | 618.1K | $142.76 | |
NOVTNovanta Inc | 2.45% | $72.34M | 445.9K | $162.24 |
2.39% | $70.78M | 947.2K | $74.72 | |
ALLSPRING GOVERNMENT MONEY MAR | 2.31% | $68.32M | — | — |
2.24% | $66.16M | 662.3K | $99.90 | |
2.22% | $65.51M | 891.9K | $73.45 | |
2.16% | $63.80M | 387.9K | $164.49 | |
2.15% | $63.59M | 700.8K | $90.74 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 109 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 | 96.85% |
| Cash & short-term | 3.12% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2026Q1, one or more quarters before the direct holdings (2026Q2).
By sector
- Industrials
- 23.8%
- Financials
- 18.9%
- Materials
- 13.4%
- Information Technology
- 12.1%
- 9 other sectors
- 31.7%
- Industrials
- 23.8%
- Financials
- 18.9%
- Materials
- 13.4%
- Information Technology
- 12.1%
- Consumer Discretionary
- 7.9%
- Health Care
- 6.6%
- Consumer Staples
- 4.3%
- Energy
- 4.1%
- International
- 3.7%
- Cash
- 2.3%
- Other
- 1.6%
- Communication Services
- 0.8%
- Utilities
- 0.5%
How it has done
ESPAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.54%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is 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 |
|---|---|---|---|---|---|
| 1.24% | +32.17% | +53.78% | +69.16% | -18.06% | |
| 1.99% | — | — | — | — | |
| 1.17% | +32.26% | +54.08% | +69.65% | -18.01% | |
| 0.92% | +32.59% | +55.16% | +71.07% | -17.96% | |
| 0.82% | +32.74% | +55.70% | +71.82% | -17.91% |
Fees & fund details
Allspring Special Small Cap Value Fund is an actively managed U.S. equity fund. 12% of ESPAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 90% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.82% – 1.99%· ESPAX 1.24%
- Portfolio turnover
- 22.00% a year · as of 2025 Q3
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.
11 new· the largest 8
14 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — ESPAX, QQQ and the fund in my 401(k)?”
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