Allspring Utilities & High Income Fund (ERH)

• Market cap: $99.2M
• 1 day: 0.00%
• 5 days: 0.82%
• 1 month: 0.82%
• 3 months: 1.10%
• 6 months: 11.45%
• Year to date: 2.14%
• 1 year: 16.28%
• 5 years: -21.99%
• 10 years: -17.23%

About: Allspring Utilities and High Income Fund is a diversified closed-end management investment company. Its investment objective is to seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The company allocates a majority of its total assets to a sleeve that places a focus on common, preferred, and convertible preferred stocks of utility companies and the rest of its total assets to a sleeve of U.S. dollar denominated below investment grade (high yield) debt.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

4% more funds holding

Funds holding: 27 [Q2] → 28 (+1) [Q3]

3.84% less ownership

Funds ownership: 19.93% [Q2] → 16.09% (-3.84%) [Q3]

8% less capital invested

Capital invested by funds: $18.2M [Q2] → $16.7M (-$1.49M) [Q3]

20% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 10