About EVUCX
Allspring Utility and Telecommunications Fund, Class C Shares, is a U.S. equity mutual fund designed to provide investors with a balance of current income and capital appreciation. The fund primarily concentrates its investments in the utility and telecommunications sectors, targeting companies that deliver essential services such as electricity, water, natural gas, cable, satellite, and telecommunication technologies. Its investment approach emphasizes established businesses with consistent or growing dividend payouts, focusing on firms across all market capitalizations.
The fund’s strategy involves rigorous analysis of dividend sustainability, company fundamentals, and financial health, aiming to build a focused yet diversified portfolio that can withstand periods of market stress while offering positive risk-adjusted returns. Managed by an experienced team, the fund is classified as non-diversified, meaning its allocations may vary significantly between utilities and telecommunications in response to market opportunities. By benchmarking its performance against the S&P 500 Utilities Index, the fund plays a significant role for investors seeking exposure to the traditionally stable utility and telecom industries, which often serve as defensive positions within broader equity portfolios.
Fund Family Allspring Global Investments
Category Utilities
Stock Exchange NASDAQ
Ticker Symbol EVUCX
Share Class Class C
Index S&P 500 Utilities TR
EVUCX had a total return of 9.51% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.79%.
