About EKWYX
Allspring Precious Metals Fund – Institutional Class is an actively managed mutual fund focused on companies engaged in the exploration, mining, or processing of precious metals such as gold, silver, platinum, and related minerals. The fund’s primary objective is long-term capital growth, achieved by investing at least 80% of its net assets in securities tied to precious metals. It maintains a global investment approach, which includes exposure to foreign issuers, American Depositary Receipts (ADRs), and emerging market equities. The fund may also allocate up to 25% of its assets to debt securities linked to precious metals, as well as holdings in subsidiaries investing in precious metals and minerals. Notably, its portfolio is concentrated, with a significant portion invested in a select group of leading mining companies, as reflected by the high percentage of assets in its top holdings. By targeting the precious metals sector, the fund offers investors exposure to industries that often act as a hedge against inflation and currency fluctuations, and can play a strategic role in diversifying equity portfolios with commodities-focused assets.
Fund Family Allspring Global Investments
Category Equity Precious Metals
Performance Rating High
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol EKWYX
Share Class Institutional Class
Index Index is not available on Lipper Database
EKWYX had a total return of 81.10% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.72%.
