Fund Evaluator:
Allspring Emerging Markets Eq Advtg A (EQIAX)
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Best Performing in Diversified Emerging Mkts Over the Last Year
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Fund Details
Allspring Emerging Markets Eq Advtg A Overview
Allspring Emerging Markets Eq Advtg A (EQIAX) is an actively managed International Equity Diversified Emerging Mkts fund. Allspring Global Investments launched the fund in 2012.
The investment seeks to achieve long-term capital appreciation and current income. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of companies in emerging market countries; and across any market capitalization. The adviser considers emerging market countries to be, among others, countries included in the MSCI Emerging Markets Index.
About Allspring Emerging Markets Eq Advtg A (EQIAX)
There are 2 members of the management team with an average tenure of 11.33 years: Alison Shimada (2012), Elaine Tse (2018). 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 Eq Advtg A has 118 securities in its portfolio. The top 10 holdings constitute 41.6% 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 Eq Advtg A is part of the Equity global asset class and is within the International Equity fund group. Allspring Emerging Markets Eq Advtg A has 95.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.3%. There is 95.4% 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 Eq Advtg A has 3.3% of the portfolio in cash.
Assets Under Management
The fund has $100 million in total assets, which is below 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.
EQIAX 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 Eq Advtg A expense ratio is high compared to funds in the Diversified Emerging Mkts category. Allspring Emerging Markets Eq Advtg A has an expense ratio of 1.42%, which is 23% 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 Emerging Markets Eq Advtg A has a portfolio turnover rate of 57%, indicating that holds its assets around 0.0 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 Eq Advtg A returned 4.7%, which earned it a grade of B, 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 Eq Advtg A has a trailing yield of 1.82%, which is above the 1.65% category average. The fund normally distributes its income monthly 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 Eq Advtg A Grades
Year to date, the fund has returned 25.4%, 1.6 percentage points better than the category, which translates into a grade of B. The fund has returned 40.4% over the past year (grade of B), 23.9% over the past three years (grade of B) and 9.3% per year over the past five years (grade of B) and 8.3% per year over the past 10 years (grade of D).
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EQIAX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EQIAX Return (NAV) | 4.7% | -2.0% | 40.4% | 23.9% | 9.3% | 8.3% |
| EQIAX Grade | B | D | B | B | B | D |
| +/- Category | 0.8% | -0.8% | 2.9% | 2.1% | 2.5% | -0.6% |
| Diversified Emerging Mkts Avg | 3.9% | -1.2% | 37.5% | 21.7% | 6.8% | 8.9% |
| EQIAX Tax Cost Ratio | na | na | 0.7% | 0.6% | 0.7% | 0.7% |
EQIAX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EQIAX Return (NAV) | 25.4% | 27.7% | 10.5% | 12.0% | -18.2% | 2.8% | 7.5% | 16.5% | -11.7% | 24.5% | 4.8% |
| EQIAX Grade | B | D | A | C | B | B | F | F | A | F | D |
| +/- Category | 1.6% | -3.7% | 4.3% | -0.1% | 4.5% | 3.0% | -14.1% | -5.4% | 4.7% | -12.2% | -3.8% |
| Diversified Emerging Mkts Avg | 23.7% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.7% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 16.2% |
| Total Risk Index: | 1.34 - High |
| Category Risk Index: | 1.00 - Average |
| Category Risk Grade: | C (54% Rank) |
| Beta: | 1.07 |
| R-Squared: | 78% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $431 Mil |
| Fund Total Assets: | $ 100 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 57% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 14.3 years | |||
| Average Tenure: 11.3 years | |||
| Managers (Year): Shimada Alison (2012), Tse Elaine (2018) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 118 |
| % in Top 10 Holdings: | 41.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 95.4% |
Portfolio Allocation |
|
| Domestic Stock: | 1.3% |
| Foreign Stock: | 95.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.3% |
Purchase Information
| Fund Family: | Allspring Global Investments |
| Phone Number: | 800-222-8222 |
| Website: | www.allspringglobal.com |
| Status: | Open |
| Inception Date: | May 31, 2012 |
| 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 (%): | 1.42% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.15% |
| Share Class: | Allspring Emerging Markets Eq Advtg Inst |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
