Allspring Utilities and High Income Fund (ERH)

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Allspring Utilities and High Income Fund (ERH) is up 3.6% since the beginning of the year. ERH is currently trading at $12 per share. Investors who bought $1,000 worth of ERH shares 5 years ago would now be looking at an investment worth $1,218.

Allspring Utilities and High Income Fund (ERH) has returned 3.55% so far this year and 12.51% over the past 12 months. Over the last ten years, ERH has returned 6.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Apr 28, 2004, ERH's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.

Historically, 59% of months were positive and 41% were negative. The best month was Dec 2009 with a return of +21.2%, while the worst month was Sep 2008 at -27.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, ERH closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +39.6%, while the worst single day was Oct 10, 2008 at -19.8%.

Allspring Utilities and High Income Fund has an annualized alpha of 3.39%, beta of 0.67, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since April 28, 2004.

• This fund participated in 83.91% of S&P 500 Index downside but only 77.04% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.67 may look defensive, but with R2 of 0.23 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.23 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ERH has a high expense ratio of 0.93%, indicating above-average management fees.

ERH ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Allspring Utilities and High Income Fund provided a 8.59% dividend yield over the last twelve months, with an annual payout of $1.01 per share.

The table displays the monthly dividend distributions for Allspring Utilities and High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Allspring Utilities and High Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Allspring Utilities and High Income Fund was 69.81%, occurring on Mar 9, 2009. Recovery took 2036 trading sessions.

The current Allspring Utilities and High Income Fund drawdown is 6.87%.

The chart below shows the rolling one-month volatility.