Michael Scofield - Allspring Utilities Independent Trustee

ERH Fund  USD 10.88  0.01  0.09%   
Michael Scofield is Fund Manager at Allspring Utilities And
Mr. Michael S. Scofield is Independent Trustee of the Company. Mr. Scofield has served as a Trustee of the Trusts in the Fund Complex since 2010. He has also served as a Trustee of Asset Allocation Trust since 2005. He previously served on the Investment Company Institute Board of Governors and Executive Committee. Mr. Scofield previously served as a Trustee of the Evergreen fund complex from 1984 to 2010, where he served as Chairman of the Board. He also served as a member and former chairman of the Independent Directors Counsel, an organization dedicated to serving the independent investment company director community, a member of the board of directors of the Mutual Fund Directors Forum, and other leadership positions in the investment company industry. He previously worked as an attorney with the Law Offices of Michael S. Scofield.
Age 75
Tenure 21 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.

Similar Money Managers

Showing other executives

One Year Return

Robert KeithFirst Trust Senior
64
Thomas KadlecFirst Trust Senior
63
Debra RubanoAllianzgi Convertible Income
44
Henry GabbayMunivest Fund
72
William CunninghamJohn Hancock Preferred
76
Niel NielsonFirst Trust Senior
66
Luis PresuttiPioneer High Income
54
Stephen LockwoodBNY Mellon High
73
Gregory RussoJohn Hancock Preferred
71
Gavin ReillyBNY Mellon High
51
Richard CochranAllianzgi Convertible Income
58
Scott WhistenAllianzgi Convertible Income
49
James MacLeodAllianzgi Convertible Income
73
William OgdenAllianzgi Convertible Income
75
Andrew DonohueBNY Mellon High
69
Robert SalvioloBNY Mellon High
53
Charles ParkMunivest Fund
54
Richard EricksonFirst Trust Senior
69
Edward DAlelioBlackstone Gso Senior
68
Gary CFAMFS High Income
N/A
Jenna BaileyWestern Asset Global
42
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.

Currently Active Assets on Macroaxis

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.
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Share Portfolio
Track or share privately all of your investments from the convenience of any device