Allspring Utilities & High Income Fund
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 filings 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
Research analyst outlook
We haven’t received any recent analyst ratings for ERH.
Financial journalist opinion









