Allspring Utilities and High Income Fund, trading under the ticker ERH on NYSE American, is a closed-end management investment company focused on generating current income and long-term capital appreciation through utility sector investments.

The fund is managed by Allspring Global Investments, formerly known as Wells Fargo Asset Management, which rebranded in 2021 following its acquisition from Wells Fargo. Allspring brings decades of experience managing income-oriented investment strategies.

ERH Fund Investment Objective

Allspring Utilities and High Income Fund seeks to provide high current income as its primary investment objective, with capital appreciation as a secondary consideration. The fund achieves this through a diversified portfolio of:

• Utility company common and preferred stocks
• High-yield corporate bonds
• Investment-grade fixed-income securities
• Other income-generating instruments

ERH Fund Management

The portfolio management team at Allspring employs a disciplined research process to identify undervalued utility and income securities. Active management allows the team to adjust the portfolio's risk profile and income generation in response to changing interest rate environments and utility sector dynamics.

As a closed-end fund, ERH raises capital through an initial public offering and does not continuously issue new shares. The fixed capital structure allows portfolio managers to take a longer-term investment view without managing daily redemption pressures.