ERH: An Interesting Play, But Not Cheap Enough For A 'Buy'


  • ERH takes a fairly unique approach to invest in both utility equities and high-yield bonds.
  • While this is a fairly odd combination, it isn't the only fund to focus on this type of allocation.
  • Despite being odd, for an income investor, it can actually make sense.
  • This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More »

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Jonathan Kitchen

Written by Nick Ackerman, co-produced by Stanford Chemist. This article was originally published to members of the CEF/ETF Income Laboratory on November 3rd, 2022.

Allspring Utilities and High Income Fund (NYSE:ERH) does exactly as its name suggests. It

ERH Performance Since Previous Update

ERH Performance Since Previous Update (Seeking Alpha)

ERH Leverage Expense Ratio

ERH Leverage Expense Ratio (Allspring)



ERH Annualized Returns

ERH Annualized Returns (Allspring)



ERH Distribution History

ERH Distribution History (CEFConnect)

ERH Annual Report

ERH Annual Report (Allspring)

ERH NII Per Share

ERH NII Per Share (Allspring)

ERH Asset Allocation

ERH Asset Allocation (Allspring)

ERH Asset Allocation

ERH Asset Allocation (Allspring)

ERH Top 15 Holdings

ERH Top 15 Holdings (Allspring)

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This article was written by

Nick Ackerman profile picture
CEF/ETF income and arbitrage strategies, 8%+ portfolio yields
Nick Ackerman is an avid student of the markets and has been investing in his own accounts for over 14 years. He is a former Financial Advisor and has previously qualified for holding Series 7 and Series 66 licenses. These licenses also specifically qualified him for the role of Registered Investment Adviser (RIA), i.e., he was registered as a fiduciary and could manage assets for a fee and give advice. Since then he has continued with his passion for investing through writing for Seeking Alpha, providing his knowledge, opinions, and insights of the investing world. His specific focus is on closed-end funds as an attractive way to achieve income as well as general financial planning strategies towards achieving one’s long term financial goals.


I provide my work regularly to CEF/ETF Income Laboratory with articles that have an exclusivity period, this is noted in such articles. CEF/ETF Income Laboratory is a Marketplace Service provided by Stanford Chemist, right here on Seeking Alpha.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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