ERH
Allspring Utilities & High Income FundERH
ERH
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.
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
5% more capital invested
Capital invested by funds: $17.2M [Q4 2024] → $18.1M (+$924K) [Q1 2025]
0.44% more ownership
Funds ownership: 17.18% [Q4 2024] → 17.62% (+0.44%) [Q1 2025]
11% less funds holding
Funds holding: 27 [Q4 2024] → 24 (-3) [Q1 2025]
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Research analyst outlook
We haven’t received any recent analyst ratings for ERH.
Financial journalist opinion
Neutral
PRNewsWire
1 month ago
Allspring Closed-End Funds Declare Monthly Distributions
CHARLOTTE, N.C. , April 25, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.
Negative
Seeking Alpha
2 months ago
ERH: High Volatility And Fees But Large Discount To NAV
The Allspring Utilities and High Income Fund aims for high income and moderate capital growth, focusing on tax-advantaged dividend income. ERH allocates roughly 70% of its capital to utilities stocks and 30% to high-yield debt. Historically, ERH has experienced high levels of volatility, while delivering weak returns compared to passive investment options.
Neutral
PRNewsWire
2 months ago
Allspring Closed-End Funds Declare Monthly Distributions
CHARLOTTE, N.C. , March 28, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.
Neutral
PRNewsWire
3 months ago
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions
CHARLOTTE, N.C. , Feb. 25, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.
Neutral
PRNewsWire
4 months ago
Allspring Closed-End Funds Declare Monthly Distributions
CHARLOTTE, N.C. , Jan. 31, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.
Positive
Seeking Alpha
4 months ago
ERH: Deep Discount Remains, Making This An Interesting Choice For Income Investors
Allspring Utilities and High Income Fund offers a rather unique blend of utility stocks and high-yield debt investments under one roof. The ERH closed-end fund has seen respectable returns when compared to its peers over the long run, and it trades at a wider discount—though results against its blended benchmark have been weaker. ERH recently increased its managed distribution policy to 8% from the 7% managed distribution policy the fund had previously, seeing a fairly sizeable lift at the start of this year.
Neutral
PRNewsWire
5 months ago
Allspring Closed-End Funds Declare Monthly Distributions
CHARLOTTE, N.C. , Dec. 27, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (AMEX: EAD), the Allspring Multi-Sector Income Fund (AMEX: ERC), and the Allspring Utilities and High Income Fund (AMEX: ERH) have each announced a distribution.
Positive
Seeking Alpha
6 months ago
ERH: This Fund Presents An Interesting Opportunity For Income Investors
The Allspring Utilities and High Income Fund is an underfollowed closed-end fund that invests in a 70/30 portfolio of utility equities and junk bonds. The fund has beaten the S&P 500 Index since March on a total return basis, which is impressive for a utility-focused fund. Utilities are probably better than junk bonds for investors due to junk bonds only having a very low after-tax yield in an environment of rising inflation.
Neutral
PRNewsWire
7 months ago
Closed-end funds advised by Allspring Funds Management renew share repurchase programs
CHARLOTTE, N.C. , Nov. 14, 2024 /PRNewswire/ -- The following four Allspring closed-end funds announced today that they will renew their open-market share repurchase programs: Allspring Global Dividend Opportunity Fund (NYSE: EOD) Allspring Income Opportunities Fund (NYSE American: EAD) Allspring Multi-Sector Income Fund (NYSE American: ERC) Allspring Utilities and High Income Fund (NYSE American: ERH) The funds' Board of Trustees has authorized the repurchase of an aggregate of up to 5% of each fund's outstanding shares in open-market transactions during the period beginning January 1, 2025 and ending December 31, 2025.
Neutral
PRNewsWire
7 months ago
Allspring Closed-End Funds Declare Monthly Distributions
CHARLOTTE, N.C. , Oct. 25, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.
Charts implemented using Lightweight Charts™