Allspring Utilities and High Income Fund (ERH)
9.62
+0.08
(+0.84%)
USD |
NYAM |
May 03, 11:52
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 2.45% | -13.43% | 101.84M | 44756.60 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 4.39% | 18.00% | -7.052M | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The Fund allocates its assets between two separate investment strategies, or sleeves namely Equity Sleeve and High Yield Bond Sleeve. Under normal market conditions, the Fund will allocate approximately 70% of its total assets to a sleeve that places a focus on common, preferred and convertible preferred stocks of utility companies (equity sleeve) and approximately 30% of its total assets to a sleeve of U.S. dollar denominated below investment grade (high yield) debt. |
| General | |
| Security Type | Closed-End Fund |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Allocation |
| Broad Category | Allocation |
| Category Name | Moderate Allocation |
| Category Index | Morningstar Mod Tgt Risk TR USD |
| Global Category Name | Moderate Allocation |
| YCharts Categorization | Target Allocation |
| YCharts Benchmark | S&P Target Risk Moderate Index (^STRB) |
| Prospectus Objective | Balanced |
| Fund Owner Firm Name | Allspring Global Investments |
| Prospectus Benchmark Index | |
| ICE BofA US HY Constnd TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
| Manager Tenure | |
| Christopher Lee | 3.65 yrs |
| Michael Schueller | 3.65 yrs |
| Jack Spudich | 2.59 yrs |
| Kent Newcomb | 2.59 yrs |
Performance Versus Category
As of May 02, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of May 02, 2024.
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The Fund allocates its assets between two separate investment strategies, or sleeves namely Equity Sleeve and High Yield Bond Sleeve. Under normal market conditions, the Fund will allocate approximately 70% of its total assets to a sleeve that places a focus on common, preferred and convertible preferred stocks of utility companies (equity sleeve) and approximately 30% of its total assets to a sleeve of U.S. dollar denominated below investment grade (high yield) debt. |
| General | |
| Security Type | Closed-End Fund |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Allocation |
| Broad Category | Allocation |
| Category Name | Moderate Allocation |
| Category Index | Morningstar Mod Tgt Risk TR USD |
| Global Category Name | Moderate Allocation |
| YCharts Categorization | Target Allocation |
| YCharts Benchmark | S&P Target Risk Moderate Index (^STRB) |
| Prospectus Objective | Balanced |
| Fund Owner Firm Name | Allspring Global Investments |
| Prospectus Benchmark Index | |
| ICE BofA US HY Constnd TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
| Manager Tenure | |
| Christopher Lee | 3.65 yrs |
| Michael Schueller | 3.65 yrs |
| Jack Spudich | 2.59 yrs |
| Kent Newcomb | 2.59 yrs |