Wells Fargo Util & High In:ERH

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    Overview

    As of 10/23/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$12.26$12.80-4.22%
    52 Wk Avg$13.06$12.216.82%
    52 Wk High$15.97$13.9416.88%
    52 Wk Low$7.51$8.93-11.93%
    Regular Distribution TypeIncome Only
    Distribution Rate7.08%
    Distribution Amount$0.0723
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Funds investment objective is to seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. Under normal market conditions the fund will invest at least 80% of its net assets in securities of utilities companies and in US non-investment grade debt securities. The fund allocated its assets between two separate investment strategies. Under normal market conditions, the Fund will allocate approximately 70% of its total assets to an investment strategy that focuses on common, preferred and convertible preferred stocks and convertible debentures of utility companies, and approximately 30% of its total assets to an investment strategy that focuses on US dollar denominated non-investment grade bonds, debentures, and other income obligations. No more than 35% of the Funds total assets will be invested in non-investment grade debt securities. The Fund may invest up to 25% of its total assets in foreign securities.

    Capital Structure

    As of 10/23/2020

    Total Investment Exposure:$140.471M
    Total Common Assets:$118.471M
    Common Shares Outstanding:9,270,012
    Leverage

    As of 10/22/2020

    Preferred Share Assets:
    Total Debt (USD): $22.000M
    Regulatory Leverage (USD): $22.000M
    Effective Leverage (USD): $22.000M
    Effective Leverage (%): 15.66%
    Annual Expense Ratios

    As of 8/31/2020

      Per Common Share
    Management Fees0.71%
    Other Expenses:0.33%
    Baseline Expense: N/A
    Interest Expense:0.59%
    Total: 1.63%
    Fund Management

    Fund Sponsor
    Wells Fargo

    Portfolio Managers
    Niklas Nordenfelt, Timothy P. O'Brien, Philip Susser

    Basics
    Category: Hybrid-U.S. Allocation
    Ticker: ERH
    NAV Ticker: XERHX
    Average Daily Volume (shares): 30,070
    Average Daily Volume (USD): $0.381M
    Inception Date: 4/30/2004
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: August 31
    Third Party Links & Reports

    Distributions

    As of 10/23/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 2/29/2020
    $0.1932
    Annualized Distribution Rate on NAV:
    As of 10/23/2020
    6.78%
    Total Return on NAV (12 months):
    As of 10/23/2020
    -2.15%
    Avg. Portfolio Coupon:
    As of 10/23/2020
    5.57%
    Total % Portfolio Effectively Leveraged:
    As of 10/23/2020
    15.66%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/23/2020

    PeriodAvg Discount
    6 Month6.90%
    1 Year6.82%
    3 Year2.10%
    5 Year0.73%
    Z-Score

    As of 10/23/2020

    PeriodZStat
    3 Month-1.72
    6 Month-1.95
    1 Year-1.93
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2020
    Category: Morningstar US CEF US Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-8.86%-2.25%-13.49%-5.37%
    201934.19%17.43%29.77%22.10%
    2018-8.92%-2.49%-8.36%-4.98%
    201718.35%13.92%21.52%14.50%
    201613.46%8.98%17.59%13.14%
    2015-5.63%-5.07%-9.73%-7.35%
    201416.55%14.10%11.82%9.17%
    201313.68%16.29%19.53%19.58%
    20128.41%8.79%13.72%13.14%
    20114.17%4.19%1.24%3.22%
    2010-14.46%10.42%15.07%13.03%
    200944.97%24.35%43.70%32.32%
    2008-52.21%-41.53%-44.21%-40.86%
    200710.60%4.81%  
    200665.29%28.35%  
    200519.21%16.42%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/30/2020
    Category: Morningstar US CEF US Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 10/23/2020
    5.57%
    Number of Holdings:
    As of 8/31/2020
    352
    Annual Portfolio Turnover:
    As of 8/31/2020
    131.00%
    Average Bond Price:
    As of 8/31/2020
    $101.09
    Asset Allocation

    As of 8/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 8/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Utilities66.74%
    Defensive (Super Sector)66.74%
    Corporate (Super Sector)31.10%
    Corporate Bond29.95%
    Cash Equivalents1.76%
    Cash Equivalents (Super Sector)1.76%
    Bank Loan0.97%
    Energy0.38%
    Sensitive (Super Sector)0.38%
    Convertible0.18%
    Top Holdings

    As of 8/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    NextEra Energy Inc$16.69M12.56%
    Xcel Energy Inc$5.73M4.31%
    American Electric Power Co Inc$5.56M4.18%
    Dominion Energy Inc$5.29M3.98%
    Duke Energy Corp$5.14M3.87%
    WEC Energy Group Inc$4.90M3.68%
    Eversource Energy$4.70M3.53%
    American Water Works Co Inc$4.43M3.34%
    Southern Co$4.42M3.32%
    Exelon Corp$4.00M3.01%
    Credit Quality

    As of 8/31/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 8/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 8/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity67.12%
    United States - Fixed Income28.58%
    Canada - Fixed Income0.74%
    Israel - Fixed Income0.33%
    Germany - Fixed Income0.20%
    Ireland - Fixed Income0.10%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W