Allspring Utility and Telecommunications Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.0%
1 yr return
0.8%
3 Yr Avg Return
0.3%
5 Yr Avg Return
3.6%
Net Assets
$318 M
Holdings in Top 10
47.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.89%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 11.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
EVUCX - Profile
Distributions
- YTD Total Return 1.0%
- 3 Yr Annualized Total Return 0.3%
- 5 Yr Annualized Total Return 3.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.77%
- Dividend Yield 1.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAllspring Utility and Telecommunications Fund
-
Fund Family NameAllspring Funds
-
Inception DateSep 02, 1994
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKent Newcomb
Fund Description
■ | at least 80% of the Fund’s net assets in common, preferred and convertible preferred stocks of utility and telecommunications companies; |
■ | up to 20% of the Fund’s net assets in dividend-paying equity securities of non-utility and non-telecommunications companies; |
■ | up to 25% of the Fund’s total assets in equity securities of foreign issuers, including ADRs and similar investments; and |
■ | up to 10% of the Fund’s total assets in emerging market equity securities. |
EVUCX - Performance
Return Ranking - Trailing
Period | EVUCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -7.4% | 6.2% | 48.33% |
1 Yr | 0.8% | -17.2% | 12.6% | 48.33% |
3 Yr | 0.3%* | -12.8% | 10.2% | 80.00% |
5 Yr | 3.6%* | -10.6% | 7.2% | 69.49% |
10 Yr | 5.7%* | -2.5% | 8.7% | 64.15% |
* Annualized
Return Ranking - Calendar
Period | EVUCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -10.3% | -34.8% | 0.8% | 56.67% |
2022 | -13.0% | -26.3% | 3.5% | 80.00% |
2021 | 0.4% | -4.7% | 26.5% | 86.67% |
2020 | -8.4% | -20.5% | 8.1% | 66.67% |
2019 | 7.4% | 1.6% | 26.2% | 91.53% |
Total Return Ranking - Trailing
Period | EVUCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -7.4% | 6.2% | 48.33% |
1 Yr | 0.8% | -17.2% | 12.6% | 48.33% |
3 Yr | 0.3%* | -12.8% | 10.2% | 80.00% |
5 Yr | 3.6%* | -10.6% | 7.2% | 69.49% |
10 Yr | 5.7%* | -2.5% | 8.7% | 64.15% |
* Annualized
Total Return Ranking - Calendar
Period | EVUCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -5.9% | -19.5% | 3.4% | 70.00% |
2022 | -4.2% | -19.7% | 19.1% | 81.67% |
2021 | 13.1% | 5.6% | 30.1% | 81.67% |
2020 | 3.4% | -18.1% | 9.0% | 36.67% |
2019 | 26.5% | 9.7% | 29.4% | 22.03% |
NAV & Total Return History
EVUCX - Holdings
Concentration Analysis
EVUCX | Category Low | Category High | EVUCX % Rank | |
---|---|---|---|---|
Net Assets | 318 M | 14.4 M | 13.2 B | 75.00% |
Number of Holdings | 32 | 18 | 220 | 85.00% |
Net Assets in Top 10 | 153 M | 6.12 M | 8.34 B | 75.00% |
Weighting of Top 10 | 47.35% | 30.3% | 76.1% | 71.67% |
Top 10 Holdings
- NextEra Energy Inc 10.30%
- Sempra 5.18%
- Southern Co/The 5.15%
- Duke Energy Corp 4.84%
- American Electric Power Co Inc 4.62%
- DTE Energy Co 4.16%
- Exelon Corp 3.50%
- Constellation Energy Corp 3.22%
- CenterPoint Energy Inc 3.20%
- WEC Energy Group Inc 3.17%
Asset Allocation
Weighting | Return Low | Return High | EVUCX % Rank | |
---|---|---|---|---|
Stocks | 98.40% | 64.54% | 115.46% | 81.67% |
Cash | 1.60% | -15.47% | 31.45% | 31.67% |
Preferred Stocks | 0.00% | 0.00% | 0.03% | 28.33% |
Other | 0.00% | -33.23% | 0.41% | 50.00% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 28.33% |
Bonds | 0.00% | 0.00% | 26.16% | 36.67% |
Stock Sector Breakdown
Weighting | Return Low | Return High | EVUCX % Rank | |
---|---|---|---|---|
Utilities | 78.34% | 50.08% | 100.00% | 73.33% |
Communication Services | 5.57% | 0.00% | 47.17% | 36.67% |
Financial Services | 4.34% | 0.00% | 4.98% | 10.00% |
Real Estate | 3.56% | 0.00% | 13.29% | 10.00% |
Healthcare | 3.34% | 0.00% | 3.34% | 6.67% |
Technology | 3.03% | 0.00% | 6.09% | 8.33% |
Consumer Cyclical | 1.25% | 0.00% | 2.09% | 8.33% |
Consumer Defense | 0.56% | 0.00% | 0.56% | 6.67% |
Industrials | 0.00% | 0.00% | 27.59% | 75.00% |
Energy | 0.00% | 0.00% | 31.61% | 85.00% |
Basic Materials | 0.00% | 0.00% | 4.68% | 36.67% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | EVUCX % Rank | |
---|---|---|---|---|
US | 98.40% | 17.29% | 99.93% | 35.00% |
Non US | 0.00% | 0.00% | 47.25% | 73.33% |
EVUCX - Expenses
Operational Fees
EVUCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.89% | 0.08% | 2.50% | 6.67% |
Management Fee | 0.65% | 0.03% | 1.00% | 66.67% |
12b-1 Fee | 0.75% | 0.00% | 1.00% | 78.13% |
Administrative Fee | N/A | 0.04% | 0.26% | 71.43% |
Sales Fees
EVUCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 37.50% |
Trading Fees
EVUCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
EVUCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 11.00% | 3.00% | 209.00% | 36.84% |
EVUCX - Distributions
Dividend Yield Analysis
EVUCX | Category Low | Category High | EVUCX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.82% | 0.00% | 9.94% | 25.00% |
Dividend Distribution Analysis
EVUCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
EVUCX | Category Low | Category High | EVUCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.77% | 0.31% | 7.85% | 96.67% |
Capital Gain Distribution Analysis
EVUCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 26, 2024 | $0.034 | OrdinaryDividend |
Dec 28, 2023 | $0.076 | OrdinaryDividend |
Dec 12, 2023 | $0.572 | OrdinaryDividend |
Sep 26, 2023 | $0.055 | OrdinaryDividend |
Jun 27, 2023 | $0.083 | OrdinaryDividend |
Mar 28, 2023 | $0.017 | OrdinaryDividend |
Dec 29, 2022 | $0.061 | OrdinaryDividend |
Sep 27, 2022 | $0.049 | OrdinaryDividend |
Jun 27, 2022 | $0.057 | OrdinaryDividend |
Mar 28, 2022 | $0.029 | OrdinaryDividend |
Dec 30, 2021 | $0.038 | OrdinaryDividend |
Sep 27, 2021 | $0.041 | OrdinaryDividend |
Jun 25, 2021 | $0.036 | OrdinaryDividend |
Mar 26, 2021 | $0.048 | OrdinaryDividend |
Dec 30, 2020 | $0.035 | OrdinaryDividend |
Sep 25, 2020 | $0.054 | OrdinaryDividend |
Jun 25, 2020 | $0.029 | OrdinaryDividend |
Mar 26, 2020 | $0.024 | OrdinaryDividend |
Dec 30, 2019 | $0.057 | OrdinaryDividend |
Dec 11, 2019 | $3.865 | OrdinaryDividend |
Sep 25, 2019 | $0.017 | OrdinaryDividend |
Jun 25, 2019 | $0.022 | OrdinaryDividend |
Dec 28, 2018 | $0.077 | OrdinaryDividend |
Sep 25, 2018 | $0.023 | OrdinaryDividend |
Jun 26, 2018 | $0.045 | OrdinaryDividend |
Mar 26, 2018 | $0.051 | OrdinaryDividend |
Dec 29, 2017 | $0.051 | OrdinaryDividend |
Sep 26, 2017 | $0.015 | OrdinaryDividend |
Jun 27, 2017 | $0.074 | OrdinaryDividend |
Mar 24, 2017 | $0.067 | OrdinaryDividend |
Dec 30, 2016 | $0.011 | OrdinaryDividend |
Sep 27, 2016 | $0.046 | OrdinaryDividend |
Jun 27, 2016 | $0.066 | OrdinaryDividend |
Dec 31, 2015 | $0.039 | OrdinaryDividend |
Sep 25, 2015 | $0.092 | OrdinaryDividend |
Jun 25, 2015 | $0.039 | OrdinaryDividend |
Mar 26, 2015 | $0.030 | OrdinaryDividend |
Dec 31, 2014 | $0.089 | OrdinaryDividend |
Sep 25, 2014 | $0.018 | OrdinaryDividend |
Jun 25, 2014 | $0.063 | OrdinaryDividend |
Mar 26, 2014 | $0.025 | OrdinaryDividend |
Dec 31, 2013 | $0.065 | OrdinaryDividend |
Sep 25, 2013 | $0.062 | OrdinaryDividend |
Jun 25, 2013 | $0.066 | OrdinaryDividend |
Mar 26, 2013 | $0.061 | OrdinaryDividend |
Dec 31, 2012 | $0.019 | ExtraDividend |
Dec 14, 2012 | $0.057 | OrdinaryDividend |
Sep 25, 2012 | $0.058 | OrdinaryDividend |
Jun 26, 2012 | $0.057 | OrdinaryDividend |
Mar 27, 2012 | $0.055 | OrdinaryDividend |
Dec 16, 2011 | $0.038 | OrdinaryDividend |
Sep 27, 2011 | $0.042 | OrdinaryDividend |
Jun 27, 2011 | $0.066 | OrdinaryDividend |
Mar 28, 2011 | $0.039 | OrdinaryDividend |
Dec 17, 2010 | $0.062 | OrdinaryDividend |
Sep 27, 2010 | $0.022 | OrdinaryDividend |
EVUCX - Fund Manager Analysis
Managers
Kent Newcomb
Start Date
Tenure
Tenure Rank
Oct 15, 2019
2.63
2.6%
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
Oct 15, 2019
2.63
2.6%
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 |
---|---|---|---|
0.07 | 23.43 | 10.08 | 0.92 |