Fund Evaluator:
Allspring Util and Telecomms Inst (EVUYX)
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Best Performing in Utilities Over the Last Year
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Fund Details
Allspring Util and Telecomms Inst Overview
Allspring Util and Telecomms Inst (EVUYX) is an actively managed Sector Equity Utilities fund. Allspring Global Investments launched the fund in 1994.
The investment seeks total return, consisting of current income and capital appreciation. The fund invests at at least 80% of its net assets in common, preferred and convertible preferred stocks of utility and telecommunications companies. It up to 20% of the fund's net assets in dividend-paying equity securities of non-utility and non-telecommunications companies. The fund invests up to 25% of its total assets in equity securities of foreign issuers, including ADRs and similar investments and up to 10% of its total assets in emerging market equity securities. It is non-diversified.
About Allspring Util and Telecomms Inst (EVUYX)
There are 2 members of the management team with an average tenure of 4.66 years: Andy Smith (2024), Kent Newcomb (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P 500 Sec/Utilities TR USD index with a weighting of 100%. Allspring Util and Telecomms Inst has 36 securities in its portfolio. The top 10 holdings constitute 53.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Allspring Util and Telecomms Inst is part of the Equity global asset class and is within the Sector Equity fund group. Allspring Util and Telecomms Inst has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.8%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Allspring Util and Telecomms Inst has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $37 million in total assets, which is below the $503 million average for the Utilities category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EVUYX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Allspring Util and Telecomms Inst expense ratio is above average compared to funds in the Utilities category. Allspring Util and Telecomms Inst has an expense ratio of 0.72%, which is 35% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Allspring Util and Telecomms Inst has a portfolio turnover rate of 13%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 53% for the Utilities category.
Recently, in the month of July 2026, Allspring Util and Telecomms Inst returned -2.0%, which earned it a grade of A, as the Utilities category had an average return of -2.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Allspring Util and Telecomms Inst has a trailing yield of 1.77%, which is below the 2.98% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Allspring Util and Telecomms Inst Grades
Year to date, the fund has returned 4.5%, 1.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 5.6% over the past year (grade of D), 11.6% over the past three years (grade of D) and 6.8% per year over the past five years (grade of F) and 8.4% per year over the past 10 years (grade of C).
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EVUYX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EVUYX Return (NAV) | -2.0% | -4.8% | 5.6% | 11.6% | 6.8% | 8.4% |
| EVUYX Grade | A | B | D | D | F | C |
| +/- Category | 0.6% | 0.5% | -2.2% | -0.9% | -2.1% | 0.0% |
| Utilities Avg | -2.6% | -5.4% | 7.8% | 12.5% | 8.9% | 8.4% |
| EVUYX Tax Cost Ratio | na | na | 1.6% | 1.5% | 2.1% | 2.0% |
EVUYX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EVUYX Return (NAV) | 4.5% | 15.6% | 18.0% | -4.9% | -3.2% | 14.3% | 4.6% | 27.9% | 3.6% | 14.1% | 13.0% |
| EVUYX Grade | C | B | D | C | F | D | B | A | B | B | D |
| +/- Category | -1.2% | 0.9% | -3.2% | -0.5% | -3.8% | -1.6% | 4.2% | 4.4% | 1.2% | 1.8% | -2.6% |
| Utilities Avg | 5.6% | 14.7% | 21.2% | -4.4% | 0.6% | 16.0% | 0.5% | 23.5% | 2.4% | 12.3% | 15.6% |
| Risk Measures | |
| Standard Deviation: | 13.3% |
| Total Risk Index: | 1.08 - Above Average |
| Category Risk Index: | 0.90 - Low |
| Category Risk Grade: | A (9% Rank) |
| Beta: | 0.56 |
| R-Squared: | 28% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.8% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $343 Mil |
| Fund Total Assets: | $ 37 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 13% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 6.8 years | |||
| Average Tenure: 4.7 years | |||
| Managers (Year): Newcomb Kent (2019), Smith Andy (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 36 |
| % in Top 10 Holdings: | 53.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 98.8% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Fund Family: | Allspring Global Investments |
| Phone Number: | 800-222-8222 |
| Website: | www.allspringglobal.com |
| Status: | Open |
| Inception Date: | February 28, 1994 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.72% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.11% |
| Share Class: | Allspring Util and Telecomms A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
