Allspring Utility and Telecommunications Fund (EVUAX)

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Allspring Utility and Telecommunications Fund (EVUAX) is up 5.0% since the beginning of the year. EVUAX is currently trading at $21 per share. Investors who bought $1,000 worth of EVUAX shares 5 years ago would now be looking at an investment worth $1,433.

Allspring Utility and Telecommunications Fund (EVUAX) has returned 4.97% so far this year and 12.58% over the past 12 months. Over the last ten years, EVUAX has returned 10.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 4, 1994, EVUAX's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.

Historically, 64% of months were positive and 36% were negative. The best month was Dec 1994 with a return of +32.3%, while the worst month was Oct 2008 at -12.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 10 months.

On a daily basis, EVUAX closed higher 53% of trading days. The best single day was Dec 20, 1994 with a return of +31.0%, while the worst single day was Dec 10, 2021 at -10.1%.

Allspring Utility and Telecommunications Fund has an annualized alpha of 6.10%, beta of 0.66, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since January 04, 1994.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (79.88%) than losses (63.26%) - typical of diversified or defensive assets.
• Beta of 0.66 may look defensive, but with R2 of 0.48 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 0.48 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

EVUAX has a high expense ratio of 1.04%, indicating above-average management fees.

EVUAX ranks 15 for risk / return — in the bottom 15% 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 Utility and Telecommunications Fund provided a 5.77% dividend yield over the last twelve months, with an annual payout of $1.21 per share.

The table displays the monthly dividend distributions for Allspring Utility and Telecommunications 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 Utility and Telecommunications 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 Utility and Telecommunications Fund was 56.00%, occurring on Jul 23, 2002. Recovery took 723 trading sessions.

The current Allspring Utility and Telecommunications Fund drawdown is 4.25%.

The chart below shows the rolling one-month volatility.