Allspring Utilities & High Income Fund (ERH)

• Market cap: $95.8M
• 1 day: 0.47%
• 5 days: 0.76%
• 1 month: -2.57%
• 3 months: -4.41%
• 6 months: -4.92%
• Year to date: -1.30%
• 1 year: 16.43%
• 5 years: -8.76%
• 10 years: -17.02%

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 Q4 regulatory disclosures by fund managers ($100M+ AUM)

2% more capital invested

Capital invested by funds: $16.7M [Q3] → $17.1M (+$378K) [Q4]

0.97% more ownership

Funds ownership: 16.09% [Q3] → 17.06% (+0.97%) [Q4]

7% less funds holding

Funds holding: 28 [Q3] → 26 (-2) [Q4]

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

33% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 9