Fund Evaluator:
Allspring Asset Allocation A (EAAFX)
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Best Performing in Moderate Allocation Over the Last Year
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Fund Details
Allspring Asset Allocation A Overview
Allspring Asset Allocation A (EAAFX) is an actively managed Allocation Moderate Allocation fund. Allspring Global Investments launched the fund in 1996.
The investment seeks long-term total return, consisting of capital appreciation and current income. The fund is a fund-of-funds that invests in various affiliated mutual funds and exchange-traded funds (“underlying funds”) employing a multi-asset, multi-style investment approach designed to reduce the price and return volatility of the fund and to provide more consistent returns. It may invest in Allspring Master Portfolios, in other Allspring Funds, or directly in securities. The fund invests at least 55% and up to 75% of its assets in stock funds and at least 25% and up to 45% of its assets in bond funds.
About Allspring Asset Allocation A (EAAFX)
There are 4 members of the management team with an average tenure of 3.06 years: Petros Bocray (2018), Randy Rennicke (2025), Rushabh Amin (2025), David Kowalske (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Allspring Asset Allocation A has 40 securities in its portfolio. The top 10 holdings constitute 83.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Allspring Asset Allocation A is part of the Allocation global asset class and is within the Allocation fund group. Allspring Asset Allocation A has 23.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 44.7%. There is 21.1% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 23.6% (20.8% domestic bond, 2.9% foreign bond and 0.1% convertible bond). Allspring Asset Allocation A has 10.3% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $2 billion average for the Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EAAFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Allspring Asset Allocation A expense ratio is high compared to funds in the Moderate Allocation category. Allspring Asset Allocation A has an expense ratio of 1.06%, which is 7% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Allspring Asset Allocation A has a portfolio turnover rate of 111%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.
Recently, in the month of July 2026, Allspring Asset Allocation A returned -1.8%, which earned it a grade of F, as the Moderate Allocation category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Allspring Asset Allocation A has a trailing yield of 2.22%, which is above the 1.97% category average. The fund normally distributes its income none and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Allspring Asset Allocation A Grades
Year to date, the fund has returned 7.5%, 1.1 percentage points better than the category, which translates into a grade of B. The fund has returned 15.6% over the past year (grade of A), 12.4% over the past three years (grade of C) and 6.3% per year over the past five years (grade of D) and 7.8% per year over the past 10 years (grade of D).
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EAAFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EAAFX Return (NAV) | -1.8% | 1.1% | 15.6% | 12.4% | 6.3% | 7.8% |
| EAAFX Grade | F | F | A | C | D | D |
| +/- Category | -1.6% | -1.0% | 2.6% | 0.4% | -0.3% | -0.7% |
| Moderate Allocation Avg | -0.3% | 2.1% | 13.1% | 12.0% | 6.6% | 8.5% |
| EAAFX Tax Cost Ratio | na | na | 1.7% | 1.3% | 2.1% | 1.5% |
EAAFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EAAFX Return (NAV) | 7.5% | 15.1% | 10.7% | 14.3% | -16.0% | 13.5% | 13.6% | 19.8% | -9.6% | 14.8% | 4.7% |
| EAAFX Grade | B | B | D | C | D | D | C | C | F | B | F |
| +/- Category | 1.1% | 1.8% | -1.6% | 0.0% | -2.0% | -0.9% | 0.7% | -0.1% | -4.5% | 1.0% | -3.0% |
| Moderate Allocation Avg | 6.4% | 13.4% | 12.2% | 14.3% | -14.0% | 14.4% | 12.9% | 19.8% | -5.1% | 13.8% | 7.7% |
| Risk Measures | |
| Standard Deviation: | 9.9% |
| Total Risk Index: | 0.80 - Average |
| Category Risk Index: | 1.07 - High |
| Category Risk Grade: | F (91% Rank) |
| Beta: | 1.02 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 2.2% |
| Dividend Distribution: | None |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1525 Mil |
| Fund Total Assets: | $1,194 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 111% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 8.1 years | |||
| Average Tenure: 3.1 years | |||
| Managers (Year): Bocray Petros (2018), Kowalske David (2024), Rennicke Randy (2025), Amin Rushabh (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 40 |
| % in Top 10 Holdings: | 83.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 23.9% |
Portfolio Allocation |
|
| Domestic Stock: | 44.7% |
| Foreign Stock: | 21.1% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 20.8% |
| Foreign Bond: | 2.9% |
| Convertible Bond: | 0.1% |
| Other: | 0.1% |
| Cash: | 10.3% |
Purchase Information
| Fund Family: | Allspring Global Investments |
| Phone Number: | 800-222-8222 |
| Website: | www.allspringglobal.com |
| Status: | Open |
| Inception Date: | July 29, 1996 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.06% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | Allspring Asset Allocation A |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
