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Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Allspring Utilities and High Income Fund

XERHX | Fund

$12.27

$124 M

0.00%

1.09%

Vitals

YTD Return

15.8%

1 yr return

19.0%

3 Yr Avg Return

-1.7%

5 Yr Avg Return

-1.1%

Net Assets

$124 M

Holdings in Top 10

43.4%

52 WEEK LOW AND HIGH

$12.5
N/A
N/A

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 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Allspring Utilities and High Income Fund

XERHX | Fund

$12.27

$124 M

0.00%

1.09%

XERHX - Profile

Distributions

  • YTD Total Return 15.8%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.49%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Allspring Utilities and High Income Fund
  • Fund Family Name
    Allspring Global Investments
  • Inception Date
    Apr 30, 2004
  • Shares Outstanding
    9290157
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Lee

Fund Description

XERHX - Performance

Return Ranking - Trailing

Period XERHX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.8% -3.2% 57.3% 3.76%
1 Yr 19.0% -2.8% 64.3% 55.43%
3 Yr -1.7%* -5.5% 13.7% 98.52%
5 Yr -1.1%* -3.3% 19.4% 99.36%
10 Yr 2.2%* 0.9% 11.9% 97.85%

* 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% 2.8% 8.06%
2021 8.3% -11.9% 18.1% 33.84%
2020 -3.3% -20.9% 39.7% 97.30%
2019 9.3% 0.8% 25.7% 91.99%

Total Return Ranking - Trailing

Period XERHX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.8% -3.2% 57.3% 3.76%
1 Yr 19.0% -2.8% 64.3% 55.43%
3 Yr -1.7%* -5.5% 13.7% 98.52%
5 Yr -1.1%* -3.3% 19.4% 99.36%
10 Yr 2.2%* 0.9% 11.9% 97.85%

* 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% 21.11%
2021 8.3% -3.0% 27.3% 90.29%
2020 -3.3% -19.5% 40.6% 98.57%
2019 13.3% 2.2% 32.7% 97.06%

NAV & Total Return History

XERHX - Holdings

Concentration Analysis

XERHX Category Low Category High XERHX % Rank
Net Assets 124 M 789 K 230 B 81.52%
Number of Holdings 344 2 16015 27.27%
Net Assets in Top 10 65.5 M 577 K 69.8 B 80.38%
Weighting of Top 10 43.38% 10.8% 122.7% 57.14%

Top 10 Holdings

  1. NextEra Energy Inc 10.00%
  2. Duke Energy Corp 4.49%
  3. Dominion Energy Inc 4.43%
  4. Sempra Energy 4.23%
  5. American Electric Power Co Inc 3.99%
  6. Southern Co 3.67%
  7. Exelon Corp 3.65%
  8. Xcel Energy Inc 3.46%
  9. Eversource Energy 3.41%
  10. American Water Works Co Inc 3.37%

Asset Allocation

Weighting Return Low Return High XERHX % Rank
Stocks 		68.19% 0.00% 100.16% 54.83%
Bonds 		29.77% 0.00% 74.58% 33.19%
Cash 		1.77% -7.92% 100.00% 46.75%
Convertible Bonds 		0.27% 0.00% 23.84% 80.67%
Preferred Stocks 		0.00% 0.00% 23.91% 98.99%
Other 		0.00% -42.55% 113.97% 91.20%

Stock Sector Breakdown

Weighting Return Low Return High XERHX % Rank
Utilities 		99.55% 0.00% 99.55% 0.15%
Energy 		0.25% 0.00% 85.65% 92.86%
Real Estate 		0.20% 0.00% 65.01% 93.44%
Technology 		0.00% 0.00% 44.21% 99.85%
Industrials 		0.00% 0.00% 24.37% 99.85%
Healthcare 		0.00% 0.00% 29.35% 99.85%
Financial Services 		0.00% 0.00% 38.77% 99.85%
Communication Services 		0.00% 0.00% 38.10% 99.85%
Consumer Defense 		0.00% 0.00% 15.14% 99.85%
Consumer Cyclical 		0.00% 0.00% 19.36% 99.85%
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% 100.16% 49.21%
Non US 		0.00% 0.00% 39.06% 98.99%

Bond Sector Breakdown

Weighting Return Low Return High XERHX % Rank
Corporate 		93.36% 0.00% 98.21% 2.33%
Cash & Equivalents 		5.55% 0.00% 99.92% 18.04%
Securitized 		1.10% 0.00% 92.13% 82.41%
Derivative 		0.00% -2.87% 42.43% 83.84%
Municipal 		0.00% 0.00% 24.80% 99.42%
Government 		0.00% 0.00% 97.26% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High XERHX % Rank
US 		26.77% 0.00% 74.58% 37.81%
Non US 		3.00% 0.00% 15.37% 3.32%

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% 42.75%
Management Fee 0.50% 0.00% 1.83% 58.17%
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% 44.38%

XERHX - Distributions

Dividend Yield Analysis

XERHX Category Low Category High XERHX % Rank
Dividend Yield 0.00% 0.00% 17.90% 100.00%

Dividend Distribution Analysis

XERHX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly Quarterly

Net Income Ratio Analysis

XERHX Category Low Category High XERHX % Rank
Net Income Ratio 3.49% -2.34% 19.41% 4.11%

Capital Gain Distribution Analysis

XERHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

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 6.36 2.41

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