About EKWAX
Allspring Precious Metals Fund Class A is a mutual fund designed to provide long-term capital appreciation by investing primarily in companies connected to the precious metals sector. The fund allocates at least 80% of its net assets to investments related to precious metals, focusing on businesses engaged in the exploration, development, mining, processing, or dealing of gold, silver, platinum, and related minerals. Its diversified portfolio includes both U.S. and international firms, allowing significant exposure to foreign issuers and up to 40% in emerging market equities. The fund may also hold a portion of assets in debt securities tied to precious metals and in subsidiaries that invest directly or indirectly in these resources. Notably, its holdings feature leading precious metals companies, and the fund employs both top-down and bottom-up approaches for risk management and stock selection. This strategy offers investors targeted access to the dynamics of the global precious metals industry, typically providing portfolio diversification benefits due to the sector's unique correlation patterns compared to broader equity and bond markets.
Fund Family Allspring Global Investments
Category Equity Precious Metals
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol EKWAX
Share Class Class A
Index Index is not available on Lipper Database
EKWAX had a total return of 11.00% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.81%.
