Continue to site >
Trending ETFs

Allspring Utility and Telecommunications Fund

mutual fund
EVUDX
Payout Change
Pending
Price as of:
$17.65 -0.05 -0.28%
primary theme
Utilities Sector Equity
EVUDX (Mutual Fund)

Allspring Utility and Telecommunications Fund

Payout Change
Pending
Price as of:
$17.65 -0.05 -0.28%
primary theme
Utilities Sector Equity
EVUDX (Mutual Fund)

Allspring Utility and Telecommunications Fund

Payout Change
Pending
Price as of:
$17.65 -0.05 -0.28%
primary theme
Utilities Sector Equity

Name

As of 06/21/2024

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

$17.65

$305 M

1.41%

$0.25

1.07%

Vitals

YTD Return

7.8%

1 yr return

8.4%

3 Yr Avg Return

3.0%

5 Yr Avg Return

4.6%

Net Assets

$305 M

Holdings in Top 10

49.5%

52 WEEK LOW AND HIGH

$17.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

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

$17.65

$305 M

1.41%

$0.25

1.07%

EVUDX - Profile

Distributions

  • YTD Total Return 7.8%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.63%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Allspring Utility and Telecommunications Fund
  • Fund Family Name
    Allspring Funds
  • Inception Date
    Jul 30, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Admin
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jack Spudich

Fund Description

Under normal circumstances, we invest:
at least 80% of the Fund’s net assets in common, preferred and convertible preferred stocks of utility and telecommunications companies;
up to 20% of the Fund’s net assets in dividend-paying equity securities of non-utility and non-telecommunications companies;
up to 25% of the Fund’s total assets in equity securities of foreign issuers, including ADRs and similar investments; and
up to 10% of the Fund’s total assets in emerging market equity securities.
We invest principally in securities of utility and telecommunications companies across all market capitalizations.  Utility companies may include, for example, companies that provide basic services such as water, sewage, electricity generation, transmission and distribution, and the transmission and distribution of natural gas. Telecommunication companies may include, for example, cable and satellite companies, interactive media providers, communication equipment manufacturers and providers, telecommunication services companies, telecommunication REITs, and providers of broadcasting services. We may also invest in equity securities of foreign issuers including ADRs and similar investments, which may be deemed either foreign or domestic issues. We concentrate the Fund’s investments in the utility and telecommunications sectors, and because we retain flexibility to invest in a relatively small number of stocks, the Fund is also considered to be non-diversified. Relative to its concentration policy, the Fund’s allocations to utility and telecommunications companies may fluctuate over time, and may at times favor either utilities or telecommunications companies. For hedging purposes, the Fund may use derivative strategies such as buying or writing put and call options, meaning that the Fund sells an option to another party giving that party the right to either sell a stock to (put) or buy a stock from (call) the Fund at a predetermined price in the future.
We consider similar factors when analyzing utility and telecommunications companies as those from other sectors. We focus on dividend-paying companies that we expect to pay and increase dividends consistently. Our process applies a rigorous analytical methodology to all of our investment decisions, which might include the following analyses of a company and its stock: cash flow analysis, debt levels, discipline of company management, relative and absolute valuation levels, and dividend yield. In selecting companies, we begin with a screen of a broad universe of equity securities that looks first, but not exclusively, at dividend yield, dividend growth potential and market capitalization. In addition, a review of company fundamentals, such as valuation, earnings growth and financial condition, helps the portfolio managers to focus on companies with dividends that appear reasonably sustainable with potential for moderate dividend growth. We regularly review the investments of the portfolio and may sell a portfolio holding when there is deterioration in the underlying fundamentals of the business, dividend growth is no longer expected or there is the possibility of a dividend cut, the stock price reflects full or overvaluation, it has achieved its valuation target, or we have identified a more attractive investment opportunity.
Read More

EVUDX - Performance

Return Ranking - Trailing

Period EVUDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% -8.9% 19.3% 48.33%
1 Yr 8.4% -14.5% 22.8% 47.46%
3 Yr 3.0%* -13.9% 11.3% 77.97%
5 Yr 4.6%* -11.4% 8.3% 67.24%
10 Yr 6.7%* -3.6% 8.7% 40.38%

* Annualized

Return Ranking - Calendar

Period EVUDX Return Category Return Low Category Return High Rank in Category (%)
2023 -10.4% -20.0% 0.8% 62.71%
2022 -13.1% -21.0% 3.5% 84.75%
2021 0.2% 0.2% 26.5% 98.31%
2020 -8.5% -18.4% 8.1% 71.19%
2019 7.3% 7.0% 26.2% 94.83%

Total Return Ranking - Trailing

Period EVUDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% -8.9% 19.3% 48.33%
1 Yr 8.4% -14.5% 22.8% 47.46%
3 Yr 3.0%* -13.9% 11.3% 77.97%
5 Yr 4.6%* -11.4% 8.3% 67.24%
10 Yr 6.7%* -3.6% 8.7% 40.38%

* Annualized

Total Return Ranking - Calendar

Period EVUDX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.1% -19.5% 3.4% 64.41%
2022 -3.3% -19.7% 19.1% 77.97%
2021 14.1% 5.6% 30.1% 67.80%
2020 4.4% -18.1% 9.0% 27.12%
2019 27.7% 9.7% 29.4% 5.17%

NAV & Total Return History


EVUDX - Holdings

Concentration Analysis

EVUDX Category Low Category High EVUDX % Rank
Net Assets 305 M 14.9 M 11.9 B 73.33%
Number of Holdings 32 21 219 85.00%
Net Assets in Top 10 156 M 5.26 M 7.36 B 73.33%
Weighting of Top 10 49.51% 25.6% 77.3% 71.67%

Top 10 Holdings

  1. NextEra Energy Inc 11.08%
  2. Southern Co/The 5.38%
  3. Constellation Energy Corp 5.20%
  4. Sempra 4.79%
  5. Duke Energy Corp 4.73%
  6. American Electric Power Co Inc 4.49%
  7. DTE Energy Co 3.82%
  8. CMS Energy Corp 3.35%
  9. Exelon Corp 3.35%
  10. Atmos Energy Corp 3.32%

Asset Allocation

Weighting Return Low Return High EVUDX % Rank
Stocks
98.58% 0.00% 115.46% 76.67%
Cash
1.42% -15.47% 32.00% 46.67%
Preferred Stocks
0.00% 0.00% 0.03% 20.00%
Other
0.00% -33.23% 0.35% 41.67%
Convertible Bonds
0.00% 0.00% 0.00% 18.33%
Bonds
0.00% 0.00% 98.86% 26.67%

Stock Sector Breakdown

Weighting Return Low Return High EVUDX % Rank
Utilities
78.34% 50.08% 100.00% 75.00%
Communication Services
5.57% 0.00% 47.17% 35.00%
Financial Services
4.34% 0.00% 4.98% 10.00%
Real Estate
3.56% 0.00% 13.29% 10.00%
Healthcare
3.34% 0.00% 3.34% 6.67%
Technology
3.03% 0.00% 6.09% 8.33%
Consumer Cyclical
1.25% 0.00% 2.09% 8.33%
Consumer Defense
0.56% 0.00% 0.56% 6.67%
Industrials
0.00% 0.00% 27.59% 60.00%
Energy
0.00% 0.00% 31.61% 81.67%
Basic Materials
0.00% 0.00% 4.68% 28.33%

Stock Geographic Breakdown

Weighting Return Low Return High EVUDX % Rank
US
98.58% 0.00% 101.53% 30.00%
Non US
0.00% 0.00% 47.25% 70.00%

EVUDX - Expenses

Operational Fees

EVUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.08% 2.50% 45.00%
Management Fee 0.65% 0.03% 1.00% 68.33%
12b-1 Fee 0.00% 0.00% 1.00% 9.68%
Administrative Fee N/A 0.04% 0.26% 33.33%

Sales Fees

EVUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

EVUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

EVUDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 3.00% 209.00% 35.09%

EVUDX - Distributions

Dividend Yield Analysis

EVUDX Category Low Category High EVUDX % Rank
Dividend Yield 1.41% 0.00% 9.34% 20.00%

Dividend Distribution Analysis

EVUDX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Quarterly

Net Income Ratio Analysis

EVUDX Category Low Category High EVUDX % Rank
Net Income Ratio 1.63% 0.31% 7.85% 68.33%

Capital Gain Distribution Analysis

EVUDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

View More +

EVUDX - Fund Manager Analysis

Managers

Jack Spudich


Start Date

Tenure

Tenure Rank

Oct 15, 2019

2.63

2.6%

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.

Kent Newcomb


Start Date

Tenure

Tenure Rank

Oct 15, 2019

2.63

2.6%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.43 10.19 8.09