About EVUAX
Allspring Utility and Telecommunications Fund Class A is a U.S. equity mutual fund focused on generating total return through a blend of current income and capital appreciation. The fund primarily invests at least 80% of its net assets in common, preferred, and convertible preferred stocks of utility and telecommunications companies, covering sectors such as electricity, water, natural gas distribution, cable, satellite, and various telecommunication services. Managers use a disciplined approach, evaluating factors like dividend payouts, growth, valuation, and financial condition, aiming to select companies with sustainable dividends and potential for moderate growth. With the flexibility to invest up to 25% in foreign issuers and to hold a non-diversified, concentrated portfolio, the fund provides exposure to essential service sectors while managing downside risk during market stress. Established in 1994 and managed by an experienced team, Allspring Utility and Telecommunications Fund Class A has become a reference point within the utilities category, often tracking indices like the S&P 500 Utilities Index, and is recognized for its quarterly income distribution and historical commitment to income-focused equity investing.
Fund Family Allspring Global Investments
Category Utilities
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol EVUAX
Share Class Class A
Index S&P 500 Utilities TR
EVUAX had a total return of 3.85% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.21%.
