Allspring Utilities & High Income Fund (ERH)

Profile

Allspring Utilities & High Income Fund is a closed-end investment fund that focuses on generating current income with a secondary emphasis on moderate capital growth. Allspring Utilities & High Income Fund allocates most of its portfolio to utility companies, using common, preferred, and convertible preferred stocks as its core equity exposure. It also invests a meaningful portion of assets in U.S.-dollar-denominated below-investment-grade debt to enhance income potential. The fund is designed for investors seeking diversified exposure to regulated electric, gas, water, and communications-related utilities, along with high-yield credit markets. Its portfolio typically blends defensive utility businesses with income-oriented fixed-income holdings, making it a multi-asset strategy within the financial sector. Managed by Allspring Global Investments, Allspring Utilities & High Income Fund plays a specialized role in the market by combining utility-sector income generation with selective bond exposure in a single closed-end structure.