Equity

Emerging Markets Equity Advantage SMA

MSCI Emerging Markets Index (Net)
Benchmark name
1/1/2013
Inception date
Total Emerging Markets Equity Team
Team
$1.6M
Strategy assets
Data as of 9/30/2025
Emerging Markets Equity Advantage
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 Advantage 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

$268.60B

(as of 9/30/2025)

Dividend yield

2.84%

(as of 9/30/2025)

Quick resources

Fact Sheet

Performance

Average annual returns

Average annual returns

(as of 9/30/2025)
1/1/2013
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Composite (Pure Gross)
8.00
12.51
25.86
17.78
19.27
10.75
8.46
5.94
Composite (Net)
7.72
11.66
23.02
14.25
15.72
7.45
5.24
2.80
MSCI Emerging Markets Index (Net)
7.15
10.64
27.53
17.32
18.21
7.02
7.99
4.42

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

(as of 12/31/2024)
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Composite
10.73
11.66
-16.63
4.63
10.40
18.59
-9.80
26.89
7.66
-8.38
Benchmark
7.50
9.83
-20.09
-2.54
18.31
18.42
-14.57
37.28
11.19
-14.92

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

Performance and volatility metrics

Performance and volatility metrics

(as of 9/30/2025)
3 Year 5 Year 10 Year
Alpha 2.01 3.92 0.86
Beta 0.93 0.95 0.93
Information Ratio 0.33 0.95 0.11
R2 0.96 0.94 0.94
Sharpe Ratio 0.98 0.50 0.40
Standard Deviation 14.74 15.64 16.01
Tracking Error 3.21 3.94 4.20
Correlation 0.98 0.97 0.97

Composition

Top 10 holdings

Top 10 holdings

(as of 9/30/2025)
Security
SMA
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR
11.17%
Tencent Holdings Ltd Unsponsored ADR
7.56%
Alibaba Group Holding Limited Sponsored ADR
5.45%
Samsung Electronics Co., Ltd.
3.64%
MediaTek Inc
2.17%
China Construction Bank Corporation Unsponsored ADR Class H
1.56%
Hon Hai Precision Industry Co., Ltd.
1.55%
Samsung Electronics Co Ltd Pfd Non-Voting
1.36%
Embassy Office Parks REIT
1.35%
KB Financial Group Inc. Sponsored ADR
1.24%
Top 10 represents 37.05% of market value

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 9/30/2025)
Type
SMA
Benchmark
Cash & equivalents
 4.80% -
Communication services
 11.62% 10.53%
Consumer discretionary
 12.89% 13.59%
Consumer staples
 2.08% 4.03%
Energy
 1.28% 3.85%
Financials
 20.20% 22.22%
Health care
 2.68% 3.45%
Industrials
 4.77% 6.64%
Information technology
 26.77% 25.46%
Materials
 3.97% 6.45%
Real estate
 5.25% 1.44%
Utilities
 3.70% 2.33%

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.

Documents

Literature Date
Fact Sheet 9/30/2025 Download
Our team
Meet the investment team

A diverse investment team composed of local experts combines its fundamental approach with macroeconomic analysis resulting in a superior framework for alpha generation.

View Team
Alison

Alison Shimada

Head of Total Emerging Markets Equity

Elaine

Elaine Tse

Portfolio Manager
Contact us

We look forward to helping you with your investment needs

 

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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.