Allspring Utilities and High Income Fund
Name
As of 04/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.9%
1 yr return
-9.9%
3 Yr Avg Return
-7.1%
5 Yr Avg Return
-3.6%
Net Assets
$124 M
Holdings in Top 10
43.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 34.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 04/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XERHX - Profile
Distributions
- YTD Total Return -0.9%
- 3 Yr Annualized Total Return -7.1%
- 5 Yr Annualized Total Return -3.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.49%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAllspring Utilities and High Income Fund
-
Fund Family NameAllspring Global Investments
-
Inception DateApr 30, 2004
-
Shares Outstanding9290157
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerChristopher Lee
Fund Description
XERHX - Performance
Return Ranking - Trailing
Period | XERHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.9% | -1.2% | 26.5% | 99.86% |
1 Yr | -9.9% | -9.9% | 42.1% | 100.00% |
3 Yr | -7.1%* | -7.1% | 8.2% | 100.00% |
5 Yr | -3.6%* | -4.6% | 14.7% | 99.68% |
10 Yr | 1.1%* | 0.7% | 10.8% | 99.57% |
* Annualized
Return Ranking - Calendar
Period | XERHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -12.2% | -12.2% | 23.9% | 100.00% |
2022 | -11.4% | -34.7% | 0.0% | 7.70% |
2021 | 8.3% | -11.9% | 18.1% | 33.33% |
2020 | -3.3% | -20.9% | 39.7% | 97.37% |
2019 | 9.3% | 0.8% | 25.7% | 91.89% |
Total Return Ranking - Trailing
Period | XERHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.9% | -1.2% | 26.5% | 99.86% |
1 Yr | -9.9% | -9.9% | 42.1% | 100.00% |
3 Yr | -7.1%* | -7.1% | 8.2% | 100.00% |
5 Yr | -3.6%* | -4.6% | 14.7% | 99.68% |
10 Yr | 1.1%* | 0.7% | 10.8% | 99.57% |
* Annualized
Total Return Ranking - Calendar
Period | XERHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -12.2% | -12.2% | 26.8% | 100.00% |
2022 | -11.4% | -29.0% | 10.9% | 20.40% |
2021 | 8.3% | -3.0% | 24.2% | 90.41% |
2020 | -3.3% | -19.5% | 40.6% | 98.61% |
2019 | 13.3% | 4.4% | 32.7% | 97.30% |
NAV & Total Return History
XERHX - Holdings
Concentration Analysis
XERHX | Category Low | Category High | XERHX % Rank | |
---|---|---|---|---|
Net Assets | 124 M | 789 K | 217 B | 80.28% |
Number of Holdings | 344 | 2 | 15716 | 27.46% |
Net Assets in Top 10 | 65.5 M | 618 K | 62.8 B | 80.17% |
Weighting of Top 10 | 43.38% | 11.4% | 121.1% | 57.28% |
Top 10 Holdings
- NextEra Energy Inc 10.00%
- Duke Energy Corp 4.49%
- Dominion Energy Inc 4.43%
- Sempra Energy 4.23%
- American Electric Power Co Inc 3.99%
- Southern Co 3.67%
- Exelon Corp 3.65%
- Xcel Energy Inc 3.46%
- Eversource Energy 3.41%
- American Water Works Co Inc 3.37%
Asset Allocation
Weighting | Return Low | Return High | XERHX % Rank | |
---|---|---|---|---|
Stocks | 68.19% | 0.00% | 103.09% | 50.21% |
Bonds | 29.77% | 0.00% | 77.27% | 36.34% |
Cash | 1.77% | -10.21% | 100.00% | 43.97% |
Convertible Bonds | 0.27% | 0.00% | 23.84% | 80.45% |
Preferred Stocks | 0.00% | 0.00% | 23.88% | 99.72% |
Other | 0.00% | -42.80% | 117.44% | 92.23% |
Stock Sector Breakdown
Weighting | Return Low | Return High | XERHX % Rank | |
---|---|---|---|---|
Utilities | 99.55% | 0.00% | 99.55% | 0.14% |
Energy | 0.25% | 0.00% | 85.65% | 92.72% |
Real Estate | 0.20% | 0.00% | 65.01% | 93.56% |
Technology | 0.00% | 0.00% | 44.21% | 100.00% |
Industrials | 0.00% | 0.00% | 24.37% | 100.00% |
Healthcare | 0.00% | 0.00% | 29.35% | 100.00% |
Financial Services | 0.00% | 0.00% | 38.77% | 100.00% |
Communication Services | 0.00% | 0.00% | 38.10% | 100.00% |
Consumer Defense | 0.00% | 0.00% | 15.14% | 100.00% |
Consumer Cyclical | 0.00% | 0.00% | 19.36% | 100.00% |
Basic Materials | 0.00% | 0.00% | 33.35% | 100.00% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | XERHX % Rank | |
---|---|---|---|---|
US | 68.19% | 0.00% | 103.09% | 46.88% |
Non US | 0.00% | 0.00% | 38.68% | 99.31% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XERHX % Rank | |
---|---|---|---|---|
Corporate | 93.36% | 0.00% | 98.21% | 2.93% |
Cash & Equivalents | 5.55% | 0.00% | 100.00% | 21.50% |
Securitized | 1.10% | 0.00% | 92.13% | 82.26% |
Derivative | 0.00% | -3.07% | 46.02% | 87.93% |
Municipal | 0.00% | 0.00% | 24.80% | 98.74% |
Government | 0.00% | 0.00% | 97.26% | 99.86% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XERHX % Rank | |
---|---|---|---|---|
US | 26.77% | 0.00% | 77.27% | 38.28% |
Non US | 3.00% | 0.00% | 14.17% | 4.72% |
XERHX - Expenses
Operational Fees
XERHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.09% | 0.03% | 17.63% | 44.06% |
Management Fee | 0.50% | 0.00% | 1.83% | 58.21% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
XERHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
XERHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XERHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 34.00% | 0.00% | 343.00% | 43.62% |
XERHX - Distributions
Dividend Yield Analysis
XERHX | Category Low | Category High | XERHX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 17.97% | 100.00% |
Dividend Distribution Analysis
XERHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Quarterly | Annual |
Net Income Ratio Analysis
XERHX | Category Low | Category High | XERHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.49% | -2.34% | 19.41% | 4.10% |
Capital Gain Distribution Analysis
XERHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jul 01, 2019 | $0.075 | OrdinaryDividend |
Jun 03, 2019 | $0.075 | OrdinaryDividend |
May 01, 2019 | $0.075 | OrdinaryDividend |
Apr 01, 2019 | $0.075 | OrdinaryDividend |
Mar 01, 2019 | $0.075 | OrdinaryDividend |
Feb 01, 2019 | $0.075 | OrdinaryDividend |
Jan 02, 2019 | $0.075 | OrdinaryDividend |
Dec 03, 2018 | $0.075 | OrdinaryDividend |
Nov 01, 2018 | $0.075 | OrdinaryDividend |
Oct 01, 2018 | $0.075 | OrdinaryDividend |
Sep 04, 2018 | $0.075 | OrdinaryDividend |
Aug 01, 2018 | $0.075 | OrdinaryDividend |
Jul 02, 2018 | $0.075 | OrdinaryDividend |
Jun 01, 2018 | $0.075 | OrdinaryDividend |
May 01, 2018 | $0.075 | OrdinaryDividend |
Apr 02, 2018 | $0.075 | OrdinaryDividend |
Mar 01, 2018 | $0.075 | OrdinaryDividend |
Feb 01, 2018 | $0.075 | OrdinaryDividend |
Jan 02, 2018 | $0.075 | OrdinaryDividend |
Dec 01, 2017 | $0.075 | OrdinaryDividend |
Nov 01, 2017 | $0.075 | OrdinaryDividend |
Oct 02, 2017 | $0.075 | OrdinaryDividend |
Sep 01, 2017 | $0.075 | OrdinaryDividend |
Aug 01, 2017 | $0.075 | OrdinaryDividend |
Jul 03, 2017 | $0.075 | OrdinaryDividend |
Jun 01, 2017 | $0.075 | OrdinaryDividend |
May 01, 2017 | $0.075 | OrdinaryDividend |
Apr 03, 2017 | $0.075 | OrdinaryDividend |
Mar 01, 2017 | $0.075 | OrdinaryDividend |
Feb 01, 2017 | $0.075 | OrdinaryDividend |
Jan 03, 2017 | $0.075 | OrdinaryDividend |
Dec 01, 2016 | $0.075 | OrdinaryDividend |
Nov 01, 2016 | $0.075 | OrdinaryDividend |
Oct 03, 2016 | $0.075 | OrdinaryDividend |
Sep 01, 2016 | $0.075 | OrdinaryDividend |
Aug 01, 2016 | $0.075 | OrdinaryDividend |
Jul 01, 2016 | $0.075 | OrdinaryDividend |
Jun 01, 2016 | $0.075 | OrdinaryDividend |
May 02, 2016 | $0.075 | OrdinaryDividend |
Apr 01, 2016 | $0.075 | OrdinaryDividend |
Mar 01, 2016 | $0.075 | OrdinaryDividend |
Feb 01, 2016 | $0.075 | OrdinaryDividend |
Jan 04, 2016 | $0.075 | OrdinaryDividend |
Dec 01, 2015 | $0.075 | OrdinaryDividend |
Nov 02, 2015 | $0.075 | OrdinaryDividend |
Oct 01, 2015 | $0.075 | OrdinaryDividend |
Sep 01, 2015 | $0.075 | OrdinaryDividend |
Aug 03, 2015 | $0.075 | OrdinaryDividend |
Jul 01, 2015 | $0.075 | OrdinaryDividend |
Jun 01, 2015 | $0.075 | OrdinaryDividend |
May 01, 2015 | $0.075 | OrdinaryDividend |
Apr 01, 2015 | $0.075 | OrdinaryDividend |
Mar 02, 2015 | $0.075 | OrdinaryDividend |
Feb 02, 2015 | $0.075 | OrdinaryDividend |
Jan 02, 2015 | $0.075 | OrdinaryDividend |
Dec 01, 2014 | $0.075 | OrdinaryDividend |
Nov 03, 2014 | $0.075 | OrdinaryDividend |
Oct 01, 2014 | $0.075 | OrdinaryDividend |
Sep 02, 2014 | $0.075 | OrdinaryDividend |
Aug 01, 2014 | $0.075 | OrdinaryDividend |
Jul 01, 2014 | $0.075 | OrdinaryDividend |
Jun 02, 2014 | $0.075 | OrdinaryDividend |
May 01, 2014 | $0.075 | OrdinaryDividend |
Apr 01, 2014 | $0.075 | OrdinaryDividend |
Mar 03, 2014 | $0.075 | OrdinaryDividend |
Feb 03, 2014 | $0.075 | OrdinaryDividend |
Jan 02, 2014 | $0.075 | OrdinaryDividend |
Dec 02, 2013 | $0.075 | OrdinaryDividend |
Nov 01, 2013 | $0.075 | OrdinaryDividend |
Oct 01, 2013 | $0.075 | OrdinaryDividend |
Sep 03, 2013 | $0.075 | OrdinaryDividend |
Aug 01, 2013 | $0.075 | OrdinaryDividend |
Jul 01, 2013 | $0.075 | OrdinaryDividend |
Jun 03, 2013 | $0.075 | OrdinaryDividend |
May 01, 2013 | $0.075 | OrdinaryDividend |
Apr 01, 2013 | $0.075 | OrdinaryDividend |
Mar 01, 2013 | $0.075 | OrdinaryDividend |
Feb 01, 2013 | $0.075 | OrdinaryDividend |
Jan 02, 2013 | $0.075 | OrdinaryDividend |
Dec 03, 2012 | $0.075 | OrdinaryDividend |
Nov 01, 2012 | $0.075 | OrdinaryDividend |
Oct 01, 2012 | $0.075 | OrdinaryDividend |
Sep 04, 2012 | $0.075 | OrdinaryDividend |
Aug 01, 2012 | $0.075 | OrdinaryDividend |
Jul 02, 2012 | $0.075 | OrdinaryDividend |
Jun 01, 2012 | $0.075 | OrdinaryDividend |
May 01, 2012 | $0.075 | OrdinaryDividend |
Apr 02, 2012 | $0.075 | OrdinaryDividend |
Mar 01, 2012 | $0.075 | OrdinaryDividend |
Feb 01, 2012 | $0.075 | OrdinaryDividend |
Jan 03, 2012 | $0.075 | OrdinaryDividend |
Dec 01, 2011 | $0.075 | OrdinaryDividend |
Nov 01, 2011 | $0.075 | OrdinaryDividend |
Oct 03, 2011 | $0.075 | OrdinaryDividend |
Sep 01, 2011 | $0.075 | OrdinaryDividend |
Aug 01, 2011 | $0.075 | OrdinaryDividend |
Jul 01, 2011 | $0.075 | OrdinaryDividend |
Jun 01, 2011 | $0.075 | OrdinaryDividend |
May 02, 2011 | $0.075 | OrdinaryDividend |
Apr 01, 2011 | $0.075 | OrdinaryDividend |
Mar 01, 2011 | $0.075 | OrdinaryDividend |
Feb 01, 2011 | $0.075 | OrdinaryDividend |
Jan 03, 2011 | $0.075 | OrdinaryDividend |
Dec 01, 2010 | $0.075 | OrdinaryDividend |
Nov 01, 2010 | $0.075 | OrdinaryDividend |
Oct 01, 2010 | $0.075 | OrdinaryDividend |
Sep 01, 2010 | $0.075 | OrdinaryDividend |
Aug 02, 2010 | $0.075 | OrdinaryDividend |
Jul 01, 2010 | $0.075 | OrdinaryDividend |
Jun 01, 2010 | $0.075 | OrdinaryDividend |
May 03, 2010 | $0.075 | OrdinaryDividend |
Apr 01, 2010 | $0.110 | OrdinaryDividend |
Mar 01, 2010 | $0.110 | OrdinaryDividend |
Feb 01, 2010 | $0.110 | OrdinaryDividend |
Jan 04, 2010 | $0.110 | OrdinaryDividend |
Dec 01, 2009 | $0.110 | OrdinaryDividend |
Nov 02, 2009 | $0.110 | OrdinaryDividend |
Oct 01, 2009 | $0.110 | OrdinaryDividend |
Sep 01, 2009 | $0.110 | OrdinaryDividend |
Aug 03, 2009 | $0.110 | OrdinaryDividend |
Jul 01, 2009 | $0.110 | OrdinaryDividend |
Jun 01, 2009 | $0.110 | OrdinaryDividend |
May 01, 2009 | $0.110 | OrdinaryDividend |
Apr 01, 2009 | $0.110 | OrdinaryDividend |
Mar 02, 2009 | $0.110 | OrdinaryDividend |
Feb 02, 2009 | $0.110 | OrdinaryDividend |
Jan 02, 2009 | $0.230 | OrdinaryDividend |
Dec 01, 2008 | $0.230 | OrdinaryDividend |
Nov 03, 2008 | $0.230 | OrdinaryDividend |
Oct 01, 2008 | $0.230 | OrdinaryDividend |
Sep 02, 2008 | $0.230 | OrdinaryDividend |
Aug 01, 2008 | $0.230 | OrdinaryDividend |
Jul 01, 2008 | $0.230 | OrdinaryDividend |
Jun 02, 2008 | $0.230 | OrdinaryDividend |
May 01, 2008 | $0.230 | OrdinaryDividend |
Apr 01, 2008 | $0.230 | OrdinaryDividend |
Mar 03, 2008 | $0.230 | OrdinaryDividend |
Feb 01, 2008 | $0.230 | OrdinaryDividend |
Dec 03, 2007 | $0.230 | OrdinaryDividend |
Nov 01, 2007 | $0.230 | OrdinaryDividend |
Oct 01, 2007 | $0.230 | OrdinaryDividend |
Sep 04, 2007 | $0.230 | OrdinaryDividend |
Aug 01, 2007 | $0.200 | OrdinaryDividend |
Jul 02, 2007 | $0.200 | OrdinaryDividend |
Jun 01, 2007 | $0.200 | OrdinaryDividend |
May 01, 2007 | $0.200 | OrdinaryDividend |
Apr 02, 2007 | $0.200 | OrdinaryDividend |
Mar 01, 2007 | $0.200 | OrdinaryDividend |
Feb 01, 2007 | $0.200 | OrdinaryDividend |
Jan 02, 2007 | $1.398 | ExtraDividend |
Dec 01, 2006 | $0.190 | OrdinaryDividend |
Nov 01, 2006 | $0.190 | OrdinaryDividend |
Oct 02, 2006 | $0.159 | OrdinaryDividend |
Sep 01, 2006 | $0.159 | OrdinaryDividend |
Aug 01, 2006 | $0.159 | OrdinaryDividend |
Jul 03, 2006 | $0.159 | OrdinaryDividend |
Jun 01, 2006 | $0.159 | OrdinaryDividend |
May 01, 2006 | $0.159 | OrdinaryDividend |
Apr 03, 2006 | $0.119 | OrdinaryDividend |
Mar 01, 2006 | $0.119 | OrdinaryDividend |
Feb 01, 2006 | $0.119 | OrdinaryDividend |
Jan 03, 2006 | $1.020 | ExtraDividend |
Dec 01, 2005 | $0.113 | OrdinaryDividend |
Oct 03, 2005 | $0.098 | OrdinaryDividend |
Sep 01, 2005 | $0.098 | OrdinaryDividend |
Aug 01, 2005 | $0.098 | OrdinaryDividend |
Jul 01, 2005 | $0.091 | OrdinaryDividend |
Jun 01, 2005 | $0.091 | OrdinaryDividend |
May 02, 2005 | $0.091 | OrdinaryDividend |
Apr 01, 2005 | $0.091 | OrdinaryDividend |
Mar 01, 2005 | $0.091 | OrdinaryDividend |
Feb 01, 2005 | $0.091 | OrdinaryDividend |
Jan 03, 2005 | $0.326 | ExtraDividend |
Dec 01, 2004 | $0.091 | OrdinaryDividend |
Nov 01, 2004 | $0.091 | OrdinaryDividend |
Oct 01, 2004 | $0.091 | OrdinaryDividend |
Sep 01, 2004 | $0.091 | OrdinaryDividend |
Aug 02, 2004 | $0.091 | OrdinaryDividend |
Jul 01, 2004 | $0.091 | OrdinaryDividend |
XERHX - Fund Manager Analysis
Managers
Christopher Lee
Start Date
Tenure
Tenure Rank
Aug 06, 2020
1.82
1.8%
Chris Lee is a senior portfolio manager for the Plus Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He also served as head of high-yield trading for the WFAM U.S. High Yield Fixed Income team. Prior to this, he served as a managing director, co-portfolio manager, and head of trading for Silver Lake Credit. Preceding this, he was a senior analyst and portfolio manager for the U.S. High Yield team at WFAM.
Michael Schueller
Start Date
Tenure
Tenure Rank
Aug 06, 2020
1.82
1.8%
Michael (Mike) Schueller is a senior portfolio manager for the Plus Fixed Income team at Allspring Global Investments. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). He joined WFAM as a senior investment research analyst from Strong Capital Management, where he held a similar position. Mike rejoined Strong in 2000, having left the firm to start a trust department for Community Bank & Trust in Sheboygan, Wisconsin. Before that, he served as associate counsel for Strong’s legal department. Prior to this, Mike practiced law with Reinhart, Boerner, Van Deuren, Norris & Rieselbach, S.C., in Milwaukee, specializing in corporate reorganizations, mergers, and acquisitions. He began his investment industry career in 1998. Mike earned a bachelor’s degree in economics from the University of Minnesota and a law degree from the University of Wisconsin, Madison. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation.
Kent Newcomb
Start Date
Tenure
Tenure Rank
Aug 31, 2021
0.75
0.8%
Mr. Newcomb joined Wells Capital Management in 2018. Prior to 2018, Mr. Newcomb worked at Wells Fargo Advisors or an affiliate since 2011. Mr. Newcomb is a portfolio manager of the Wells Fargo Asset Management Compass Equity team, where he manages the Managed DSIP plan portfolios.
Jack Spudich
Start Date
Tenure
Tenure Rank
Aug 31, 2021
0.75
0.8%
Mr. Spudich joined Wells Capital Management in 2018. Prior to 2018, Mr. Spudich was employed by Wells Fargo Advisors since 2009. Mr. Spudich is a portfolio manager and team leader of the Wells Fargo Asset Management Compass Equity team, where he co-manages the managed DSIP, current equity income, and income multi-asset portfolios.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 34.51 | 6.34 | 2.41 |