Allspring Utility and Telecommunications Fund Administrator Class (EVUDX) NASDAQ
Currency In USD
- General
- Statistics
- Historical Data
- Profile
- Financials
Currency In USD
Address
525 Market Street
San Francisco, CA 94105
United States of America (the)
Phone
800-222-8222
Website
N/A
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
July 30, 2010
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.