About EVUYX
Allspring Utility and Telecommunications Fund Institutional Class is an actively managed mutual fund focused on U.S. equity investments within the utility and telecommunications sectors. Its primary objective is to deliver a total return, combining current income through dividends with capital appreciation over time. The fund invests at least 80% of its assets in a mix of common stocks, preferred shares, convertible securities, and investment-grade bonds issued by utility and telecommunications companies, spanning all market capitalizations.
A hallmark of this fund is its emphasis on companies with the capacity for sustained and potentially growing dividends. The portfolio construction process integrates evaluations of dividend payout ratios, growth prospects, company valuations, earnings growth, and underlying financial health. The diversification strategy aims to maintain a focused allocation among leading names in the sector—such as major electric utilities—while managing downside risk, especially during periods of market stress.
With a below-average risk profile and a long-standing track record since 1994, the fund plays a distinct role as a sector-specific option for institutional investors seeking exposure to the stability, income generation, and moderate growth historically characteristic of utilities and telecommunications businesses.
Fund Family Allspring Global Investments
Category Utilities
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol EVUYX
Share Class Institutional Class
Index S&P 500 Utilities TR
EVUYX had a total return of -4.05% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.24%.
