Allspring Utility and Telecommunications Fund (EVUAX)
The fund invests at at least 80% of its net assets in common, preferred and convertible preferred stocks of utility and telecommunications companies. It up to 20% of the fund's net assets in dividend-paying equity securities of non-utility and non-telecommunications companies. The fund invests up to 25% of its total assets in equity securities of foreign issuers, including ADRs and similar investments and up to 10% of its total assets in emerging market equity securities. It is non-diversified.
Fund Info
| ISIN | US94985D4833 |
|---|---|
| CUSIP | 94985D483 |
| Issuer | Allspring Global Investments |
| Inception Date | Jan 3, 1994 |
| Category | Utilities Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
EVUAX has a high expense ratio of 1.04%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Allspring Utility and Telecommunications Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Allspring Utility and Telecommunications Fund had a return of 21.08% year-to-date (YTD) and 20.35% in the last 12 months. Over the past 10 years, Allspring Utility and Telecommunications Fund had an annualized return of 8.02%, while the S&P 500 had an annualized return of 10.92%, indicating that Allspring Utility and Telecommunications Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 21.08% | 17.95% |
| 1 month | 6.15% | 3.13% |
| 6 months | 20.34% | 9.95% |
| 1 year | 20.35% | 24.88% |
| 5 years (annualized) | 6.49% | 13.37% |
| 10 years (annualized) | 8.02% | 10.92% |
Monthly Returns
The table below presents the monthly returns of EVUAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.71% | 0.93% | 5.30% | -0.64% | 7.07% | -3.79% | 6.22% | 3.52% | 21.08% | ||||
| 2023 | -0.55% | -5.82% | 3.90% | 1.46% | -5.55% | 2.29% | 2.14% | -4.30% | -5.70% | 0.82% | 5.25% | 1.63% | -5.17% |
| 2022 | -3.32% | -2.06% | 8.08% | -4.52% | 3.61% | -4.84% | 4.82% | -1.04% | -10.96% | 2.92% | 7.03% | -1.50% | -3.47% |
| 2021 | -2.57% | -3.52% | 9.17% | 4.52% | -1.83% | -1.71% | 4.17% | 2.45% | -6.02% | 2.92% | -2.48% | 9.36% | 13.95% |
| 2020 | 5.14% | -8.53% | -8.25% | 4.85% | 4.25% | -3.80% | 7.61% | -0.40% | -1.22% | 2.20% | 3.07% | 0.69% | 4.19% |
| 2019 | 4.86% | 3.79% | 3.33% | 1.41% | 0.04% | 3.93% | -0.12% | 3.01% | 2.47% | -0.30% | -0.94% | 3.28% | 27.50% |
| 2018 | -1.80% | -4.43% | 3.44% | 2.25% | -2.06% | 2.53% | 2.10% | 2.62% | 0.25% | -0.73% | 5.33% | -5.69% | 3.25% |
| 2017 | 0.95% | 4.34% | 0.74% | 2.10% | 3.43% | -2.58% | 2.49% | 2.72% | -1.83% | 3.08% | 2.85% | -4.96% | 13.67% |
| 2016 | 1.06% | 2.21% | 6.26% | -0.75% | 2.53% | 7.13% | -0.25% | -6.28% | 0.49% | -0.95% | -2.82% | 4.07% | 12.60% |
| 2015 | 0.16% | -1.90% | -1.56% | -0.38% | -0.33% | -4.13% | 3.30% | -4.43% | 0.51% | 3.35% | -1.42% | -1.25% | -8.09% |
| 2014 | 2.11% | 2.66% | 2.32% | 1.58% | 0.22% | 4.37% | -6.04% | 4.21% | -4.63% | 6.88% | 1.23% | 0.93% | 16.22% |
| 2013 | 4.18% | 2.01% | 4.57% | 3.41% | -4.64% | 0.50% | 3.59% | -3.46% | 2.77% | 4.01% | -1.57% | 2.03% | 18.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EVUAX is 38, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Allspring Utility and Telecommunications Fund (EVUAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Allspring Utility and Telecommunications Fund granted a 4.84% dividend yield in the last twelve months. The annual payout for that period amounted to $0.95 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.95 | $0.95 | $2.03 | $2.74 | $2.86 | $4.20 | $0.42 | $0.37 | $0.25 | $0.33 | $0.33 | $0.37 |
Dividend yield | 4.84% | 5.76% | 11.09% | 13.01% | 13.60% | 18.28% | 1.96% | 1.75% | 1.34% | 1.95% | 1.73% | 2.26% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.17 | |||
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.69 | $0.95 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.79 | $2.03 |
| 2021 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $2.48 | $2.74 |
| 2020 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $2.62 | $2.86 |
| 2019 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $3.98 | $4.20 |
| 2018 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.19 | $0.42 |
| 2017 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.37 |
| 2016 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.25 |
| 2015 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.07 | $0.33 |
| 2014 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.13 | $0.33 |
| 2013 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.37 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 62.37%, occurring on Jul 23, 2002. Recovery took 1007 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -62.37% | Apr 4, 2000 | 573 | Jul 23, 2002 | 1007 | Jul 25, 2006 | 1580 |
| -44.56% | Nov 7, 2007 | 334 | Mar 9, 2009 | 828 | Jun 19, 2012 | 1162 |
| -31.72% | Feb 19, 2020 | 24 | Mar 23, 2020 | 261 | Apr 6, 2021 | 285 |
| -22.54% | Apr 11, 2022 | 371 | Oct 2, 2023 | 221 | Aug 19, 2024 | 592 |
| -15.06% | Dec 30, 2014 | 266 | Jan 20, 2016 | 93 | Jun 2, 2016 | 359 |
Volatility
Volatility Chart
The current Allspring Utility and Telecommunications Fund volatility is 2.34%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.