ERH

Allspring Utilities & High Income Fund
ERH

$11

1.29%

Market Cap: $102M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

4% more funds holding

Funds holding: 26 [Q1] → 27 (+1) [Q2]

4.36% less ownership

Funds ownership: 20.32% [Q1] → 15.96% (-4.36%) [Q2]

18% less capital invested

Capital invested by funds: $17.8M [Q1] → $14.6M (-$3.27M) [Q2]

56% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 9

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Research analyst outlook

We haven’t received any recent analyst ratings for ERH.

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Financial journalist opinion

ERH: Utilities And High-Yield At A Discount

Allspring Utilities and High Income Fund focuses on a portfolio of utilities and high-yield bonds, offering income-oriented investors a rather unique mix. The fund has seen a strong recovery from last October's market swoon, but with a double-digit discount remaining, there is potential for further upside. ERH's distribution policy adjusts monthly based on 7% of the fund's average NAV, with the potential for higher payouts as the fund recovers.

ERH: Utilities And High-Yield At A Discount

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions

CHARLOTTE, N.C. , Aug. 14, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C., July 26, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Portfolio Manager Change on the Utilities and High Income Fund

CHARLOTTE, N.C. , May 30, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Portfolio Manager Change on the Utilities and High Income Fund

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C. , April 26, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

ERH: Utilities Are Struggling, But This CEF May Work As A Fixed-Income Alternative

The Allspring Utilities and High Income Fund offers investors a high level of current income with exposure to the upside potential of common equity investments. The ERH closed-end fund's performance over the past three years has been disappointing, underperforming the global utilities index. The fund invests in a combination of utilities and junk bonds, with a focus on utility stocks. However, it has recently cut its distribution and has struggled to cover its distributions in the past.

ERH: Utilities Are Struggling, But This CEF May Work As A Fixed-Income Alternative

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C. , March 28, 2024 /PRNewswire/ --The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Announces Change to Investment Strategy Guidelines for two Closed-End Funds

CHARLOTTE, N.C. , Feb. 22, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution, as shown in the table below.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Announces Change to Investment Strategy Guidelines for two Closed-End Funds

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C. , Jan. 26, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C. , Dec. 29, 2023 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

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