Allspring Utility and Telecommunications Fund Administrator Class (EVUDX)
Allspring Utility and Telecommunications Fund Administrator Class operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $20.93, up 0.38% on the session, giving a market capitalisation of $359.6M. Its beta of 0.76 implies it has historically moved less than the broad market.
This fund aims to deliver a comprehensive return, combining both income generation and growth in capital value. It primarily allocates a minimum of 80% of its net assets to common, preferred, and convertible preferred shares issued by companies within the utility and telecommunications sectors. A smaller portion, up to 20% of net assets, can be allocated to income-generating equities from sectors other than utilities and telecommunications. Global exposure is permitted, with investments of up to 25% of total assets in foreign company stocks, including American Depositary Receipts (ADRs) and similar instruments. A subset of this, up to 10% of total assets, may be directed toward equity markets in developing economies. The fund is categorized as non-diversified.
Allspring Utility and Telecommunications Fund Administrator Class is most often compared with the following Financial Services names: