Michelle Rhee - Allspring Utilities Chief Legal Officer

ERH Fund  USD 11.85  0.12  1.02%   
Michelle Rhee is Fund Manager at Allspring Utilities And
Age 53
Tenure 7 years
Phone415-396-8000

Allspring Utilities Management Performance (%)

The company has Return on Asset of 1.92 % which means that on every $100 spent on assets, it made $1.92 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 15.86 %, implying that it generated $15.86 on every 100 dollars invested. Allspring Utilities' management efficiency ratios could be used to measure how well Allspring Utilities manages its routine affairs as well as how well it operates its assets and liabilities.
Allspring Utilities And has 30 M in debt with debt to equity (D/E) ratio of 0.25, which may show that the company is not taking advantage of profits from borrowing. Allspring Utilities And has a current ratio of 0.06, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Allspring Utilities until it has trouble settling it off, either with new capital or with free cash flow. So, Allspring Utilities' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Allspring Utilities And sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Allspring to invest in growth at high rates of return. When we think about Allspring Utilities' use of debt, we should always consider it together with cash and equity.

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Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. Allspring Utilities and High Income Fund was formed on April 28, 2004 and is domiciled in the United States. Wells Fargo operates under Asset Management classification in the United States and is traded on NYSEMKT Exchange. The fund is not classified under any group at the present time.

Management Performance

Allspring Utilities And Leadership Team

Elected by the shareholders, the Allspring Utilities' board of directors comprises two types of representatives: Allspring Utilities inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Allspring. The board's role is to monitor Allspring Utilities' management team and ensure that shareholders' interests are well served. Allspring Utilities' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Allspring Utilities' outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Scofield, Independent Trustee
Isaiah Harris, Independent Trustee
Timothy Penny, Independent Chairman of the Board of Trustee
Judith Johnson, Independent Trustee
William Ebsworth, Independent Trustee
David Berardi, Assistant Treasurer
Jane Freeman, Independent Trustee
Michael Whitaker, Chief Compliance Officer
James Polisson, Independent Trustee
Olivia Mitchell, Independent Trustee
Andrew Owen, President
Nancy Wiser, Treasurer
David Larcker, Independent Trustee
Michelle Rhee, Chief Legal Officer
Alexander Kymn, Secretary, Chief Legal Officer

Allspring Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Allspring Utilities a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Allspring Fund

Allspring Utilities financial ratios help investors to determine whether Allspring Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Allspring with respect to the benefits of owning Allspring Utilities security.
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