Equity

Emerging Markets Equity Income SMA

MSCI Emerging Markets Index (Net)
Benchmark name
12/31/2012
Inception date
Total Emerging Markets Equity Team
Team
$1.3M
Strategy assets
Data as of 9/30/2024
Emerging Markets Equity Income
SMA overview
A total return approach to emerging markets
Emerging markets equities are often volatile and susceptible to external shocks, necessitating effective risk management through top-down decision-making and effective security selection.

The Emerging Markets Equity Income SMA integrates both disciplines in a total return approach, crafting a resilient portfolio designed to endure a variety of market outcomes.

Key differentiators

  • Focus on shareholder yield (cash dividends, buybacks, and spin-offs) has historically led to strong risk-adjusted returns
  • With decades of industry experience on average, the team possesses extensive cultural understanding and regional stock market experience
  • Combination of bottom-up stock selection with top-down country, sector, and industry allocation enables the team to identify the best investment opportunities
  • The team prioritizes identifying companies with robust business models, improving growth prospects, sustainable cash flow, strong financial profiles, solid corporate governance, and management that supports minority shareholders

General facts

Weighted average market cap

$147.38B

(as of 9/30/2024)

Dividend yield

3.23%

(as of 9/30/2024)

Quick resources

Fact Sheet

Performance

Average annual returns

Average annual returns

(as of 9/30/2024)
12/31/2012
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
4.60
6.47
18.33
28.35
3.42
7.25
5.20
4.99
Composite (Net)
4.34
5.66
15.66
24.50
0.33
4.07
2.09
1.88

One-month, three-month and year-to-date returns are not annualized.

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.

Please keep in mind that high double-digit returns were primarily achieved during favorable market conditions. You should not expect that such favorable returns can be consistently achieved. A fund's performance, especially for short time periods, should not be the sole factor in making your investment decision.

Calendar year

Calendar year

Data is unavailable at this time, please check back later.
Performance and volatility metrics

Performance and volatility metrics

(as of 9/30/2024)
3 Year 5 Year 10 Year
Alpha 0.00 0.00 0.00
Beta 0.00 0.00 0.00
Downside Market Capture Ratio 0.00 0.00 0.00
Information Ratio 0.00 0.00 0.00
R2 0.00 0.00 0.00
Sharpe Ratio 0.00 0.00 0.00
Standard Deviation 0.00 0.00 0.00
Tracking Error 0.00 0.00 0.00
Upside Market Capture Ratio 0.00 0.00 0.00
Correlation 0.00 0.00 0.00

Composition

Portfolio statistics

Portfolio statistics

(as of 9/30/2024)
SMA Benchmark
Number of holdings 112 1277
Top 10 holdings

Top 10 holdings

(as of 9/30/2024)
Security
SMA
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR
8.63%
Tencent Holdings Ltd. Unsponsored ADR
5.60%
Alibaba Group Holding Limited Sponsored ADR
3.66%
Infosys Limited ADR
2.30%
Samsung Electronics Co., Ltd.
2.21%
Samsung Electronics Co Ltd Pfd Non-Voting
2.05%
Bajaj Auto Limited
1.81%
Embassy Office Parks REIT
1.70%
Power Grid Corporation of India Limited
1.57%
Lenovo Group Limited Sponsored ADR
1.46%
Top 10 represents 30.99% of total net assets

Largest company weights are based on market value of the representative account and not necessarily held in all client portfolios. The information shown is not intended to be, nor should it be construed to be, a recommendation to buy or sell an individual security. A list of all holdings from the prior one-year period is available upon request.

Sector allocation

Sector allocation

(as of 9/30/2024)
Type
SMA
Benchmark
Cash & equivalents
 4.96% -
Communication services
 8.39% 9.43%
Consumer discretionary
 12.97% 13.98%
Consumer staples
 3.78% 5.23%
Energy
 1.26% 4.76%
Financials
 21.29% 22.84%
Health care
 2.96% 3.60%
Industrials
 6.40% 6.77%
Information technology
 23.85% 22.23%
Materials
 1.99% 6.64%
Real estate
 6.04% 1.59%
Utilities
 6.12% 2.93%

Sector weighting is based on a representative account within the Allspring Global Investments composite and may have changed since the date specified. Percent total may not add to 100% due to rounding.

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Allspring Managed Account Services (the firm) is a unit within Allspring Global Investments and is responsible for the management and administration of the Allspring Funds Management, LLC, retail separately managed account portfolios (wrap portfolios). Allspring Funds Management acts as a discretionary manager for separately managed accounts ("SMA") and as a non-discretionary model provider in a variety of managed account or wrap fee programs (“MA Programs”) sponsored by third party investment advisers, broker-dealers, or other financial services firms (a “Sponsor”). When acting as non-discretionary model provider, Allspring Funds Management responsibility is limited to providing non-discretionary investment recommendations (in the form of model portfolios) to the Sponsor. The Sponsor may use these recommendations in connection with its management of MA Program accounts. In these “model-based” programs, the Sponsor serves as the investment manager and maintains trade implementation responsibility.