Summary

• The Allspring Emerging Markets Equity Fund outperformed its benchmark over the three-month period that ended March 31, 2026.
• The largest contributors to quarterly performance included Korea, Poland, information technology, and financials, while the largest detractors included India, China, communication services, and consumer discretionary.
• Market drivers during the first quarter included conflict in Iran, disruption to Middle East energy supplies, dollar strength, and artificial intelligence investment, with emerging market currencies falling 2.29% against the U.S. dollar.
• Allspring Global Investments views periods of heightened volatility not as signals to predict near-term market moves but as opportunities.
• Emerging market fundamentals remain resilient despite current geopolitical uncertainty and energy shocks.

Quarterly review

• The fund outperformed its benchmark, the MSCI Emerging Markets (EM) Index (Net), over the three-month period that ended March 31, 2026. The fund also outperformed its benchmark over the 12-month period.
• The largest

46 Followers