Allspring Utility and Telecommunications Fund Class A (EVUAX) Stock
This fund primarily targets the utility and telecommunications sectors, dedicating a minimum of 80% of its net assets to common, preferred, and convertible preferred shares within these industries. Up to 20% of its net assets may also be allocated to dividend-yielding equities of companies outside these core sectors.
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About Allspring Utility and Telecommunications Fund Class A
This fund primarily targets the utility and telecommunications sectors, dedicating a minimum of 80% of its net assets to common, preferred, and convertible preferred shares within these industries. Up to 20% of its net assets may also be allocated to dividend-yielding equities of companies outside these core sectors. The fund can further direct up to 25% of its total assets into foreign equity securities, including American Depositary Receipts (ADRs) and comparable global investments. A specific allocation of up to 10% of its total assets is permitted for emerging market equities. It is important to note that this fund operates as a non-diversified investment vehicle.
Allspring Utility and Telecommunications Fund Class A is headquartered in US.
Allspring Utility and Telecommunications Fund Class A (EVUAX) stock trades at $20.41 with a market capitalization of $348.20M. Over the past 52 weeks the stock has ranged between $19.72 and $22.40, and currently trades 8.9% below its 52-week high. It pays a dividend yielding 5.05%.
Official website: www.allspringglobal.com/investments/equity/mutual-funds/utility-and-telecommunications/