Fund Evaluator:

Allspring Emerging Markets Equity Inst Overview

Allspring Emerging Markets Equity Inst (EMGNX) is an actively managed International Equity Diversified Emerging Mkts fund. Allspring Global Investments launched the fund in 2010.

The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets in emerging market equity securities. It invests principally in equity or other listed securities of emerging market companies. The fund's managers consider emerging market companies to include companies that are traded in, have their primary operations in, are domiciled in or derive a majority of their revenue from emerging market countries as defined by the MSCI Emerging Markets Index. It may have exposure to stocks across any capitalizations and styles and will be diversified across countries and sectors.

About Allspring Emerging Markets Equity Inst (EMGNX)

There are 4 members of the management team with an average tenure of 12.28 years: Yi (Jerry) Zhang (2006), Derrick Irwin (2011), Richard Peck (2014), Prashant Paroda (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI EM NR USD index with a weighting of 100% and MSCI ACWI Ex USA NR USD index with a weighting of 100%. Allspring Emerging Markets Equity Inst has 130 securities in its portfolio. The top 10 holdings constitute 50.0% 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 Emerging Markets Equity Inst is part of the Equity global asset class and is within the International Equity fund group. Allspring Emerging Markets Equity Inst has 98.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.6%. There is 98.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Allspring Emerging Markets Equity Inst has 0.6% of the portfolio in cash.

Assets Under Management

The fund has $3 billion in total assets, which is above the $992 million average for the Diversified Emerging Mkts 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.

EMGNX 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 Emerging Markets Equity Inst expense ratio is high compared to funds in the Diversified Emerging Mkts category. Allspring Emerging Markets Equity Inst has an expense ratio of 1.11%, which is 4% lower than its category average, making the fund expense ratio grade a C. 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 Emerging Markets Equity Inst has a portfolio turnover rate of 9%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.

Recently, in the month of August 2026, Allspring Emerging Markets Equity Inst returned 2.5%, which earned it a grade of F, as the Diversified Emerging Mkts category had an average return of 3.9%. 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 Emerging Markets Equity Inst has a trailing yield of 1.71%, which is above the 1.65% category average. The fund normally distributes its income annually 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 Emerging Markets Equity Inst Grades

Year to date, the fund has returned 20.2%, 3.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 34.8% over the past year (grade of D), 21.4% over the past three years (grade of C) and 5.8% per year over the past five years (grade of D) and 8.2% per year over the past 10 years (grade of D).

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