Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD)
| Market Value | 405.96M |
| Revenue (ttm) | 45.74M |
| Net Income (ttm) | 38.34M |
| Shares Out | 59.09M |
| EPS (ttm) | 0.65 |
| PE Ratio | 10.59 |
| Forward PE | n/a |
| Dividend | $0.64 (9.26%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 147,108 |
| Open | 6.82 |
| Previous Close | 6.82 |
| Day's Range | 6.81 - 6.88 |
| 52-Week Range | 6.18 - 7.22 |
| Beta | 0.89 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About EAD
Wells Fargo Advantage Funds - Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc. or BB or lower by Standard & Poor's Ratings Group. The fund benchmarks the performan... [Read more]
News
Closed-end funds advised by Allspring Funds Management renew share repurchase programs
CHARLOTTE, N.C. , Nov. 14, 2024 /PRNewswire/ -- The following four Allspring closed-end funds announced today that they will renew their open-market share repurchase programs: Allspring Global Dividen...
Wall Street Missed The Memo On These Bond Yields Up To 13%
It's a party on Wall Street! While the suits fawn over the hot “Trump trade” stocks, we dividend investors are going to dumpster dive.
Allspring Closed-End Funds Declare Monthly Distributions
CHARLOTTE, N.C. , Oct. 25, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities a...
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions
CHARLOTTE, N.C. , Aug. 14, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and H...
EAD: Amortizing Junk Bond Fund, Look Elsewhere For High-Yield
Allspring Income Opportunities Fund is a junk-bond focused CEF with a 9.1% yield. However, the EAD fund has historically delivered only modest returns with above-average volatilities, resulting in poo...
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Portfolio Manager Change on the Utilities and High Income Fund
CHARLOTTE, N.C. , May 30, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and Hi...
EAD: This CEF Should Be A Good Source Of Income If The Bond Market Holds Up
Allspring Income Opportunities Fund offers a 9.35% yield, comparable to other junk bond funds. The fund's shares have increased while the bond market and the fund's NAV have declined, but it still tra...
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Announces Change to Investment Strategy Guidelines for two Closed-End Funds
CHARLOTTE, N.C. , Feb. 22, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and H...
EAD: A Great Junk Bond Fund That Could Experience Some Short-Term Pain
The Allspring Income Opportunities Fund is a junk bond fund that provides a very respectable 9.52% yield to its shareholders. The EAD closed-end fund has been performing quite well over the past few m...
Allspring Closed-End Funds Adopt Amended and Restated By-Laws
CHARLOTTE, N.C. , Dec. 21, 2023 /PRNewswire/ -- The following Allspring closed-end funds announced today that the Board of Trustees for each Fund has approved the adoption of their respective Amended ...
CEF Weekly Review: Deleveraging Is Less Damaging For Net Income These Days
We review CEF market valuation and performance through the fourth week of November and highlight recent market action. CEFs had a good week, with November coming in as the second-best month in the las...
Allspring Income Opportunities Fund Announces Change to Managed Distribution Plan
CHARLOTTE, N.C. , Nov. 15, 2023 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), a closed-end fund, announced today that the fund's Board of Trustees has approved a change...
An Inside Look At How Corporate-Bond CEFs Pay 9%+ Yields
This bond has been paying an 8.25% income stream to EAD ever since the fund's managers bought nearly $4 million worth of these bonds.
CEF Market Weekly Review: Will CEF Returns Lag Their Yields?
We review CEF market valuation and performance through the third week of August and highlight recent market action. CEFs had another down week as August has now erased all of the July rally. Most CEF ...
CEF Weekly Review: Term CEFs Continue To Be Misunderstood
We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind.
EAD: Continuing To Perform, 9% Yield
EAD is a leveraged loan/high yield bond CEF. The fund benchmarks favorably with the golden standards in the space, namely VVR and AIF.
The Month In Closed-End Funds: October 2022
For the first month in three, equity CEFs (+4.49%) on average witnessed plus-side returns, while their fixed income CEF cohorts (-5.07%) suffered a third month of declines in October. Only 17% of all ...
EAD: A Classic Leveraged Loans / High Yield Bonds CEF
Allspring Income Opportunities Fund (EAD) is a fixed income closed-end fund. The vehicle focuses on leveraged loans and high-yield bonds and runs a modest duration of 3.8 years.
Why We Are Buying 7-10% Yielding Corporate Credit
High-yield corporate bond yields have nearly doubled this year on the back of the rise in Treasury yields and a back-up in credit spreads. At current yields, we find corporate bonds attractive in an e...
CEF Weekly Market Review: Mind Your CEF Expenses
We review CEF market valuation and performance over the third week of November and highlight recent market events. The CEF market had an off-week with nearly all sectors delivering lower NAVs and wide...
Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions
CHARLOTTE, N.C., Nov. 12, 2021 /PRNewswire/ -- The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities ...
EAD: A High-Yield Play To Overcome Fed Policy
The longstanding policies of the Federal Reserve have made it incredibly difficult for investors to generate any significant amount of income off of the assets in their portfolios. EAD invests in a di...
Wells Fargo Closed-End Funds Announce New Date for Fund Name Changes
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Asset Management (WFAM) today announced that the closed-end funds' names are expected to change from “Wells Fargo” to “Allspring” on December 6, 2021. This ...