Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD)
Wells Fargo Advantage Funds - Allspring Income Opportunities Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Charlotte, NC, US. The stock last traded at $6.41, down 0.47% on the session, giving a market capitalisation of $378.8M. On trailing twelve-month figures it carries a trailing P/E of 9.43, a net margin of 92.1%. Its beta of 0.77 implies it has historically moved less than the broad market.
The Wells Fargo Advantage Funds - Allspring Income Opportunities Fund operates as a closed-end mutual fund specializing in fixed income. It was launched and is principally overseen by Wells Fargo Funds Management, LLC, with Wells Capital Management Incorporated providing co-management services. This fund's investment strategy focuses on the U.S. fixed income markets. Its portfolio primarily comprises sub-investment grade debt instruments, including high-yield bonds, various loan types, and preferred shares. These holdings typically possess credit ratings of Ba or lower from Moody's Investors Service, Inc., or BB or lower from Standard & Poor's Ratings Group. The fund gauges its performance against the Merrill Lynch High Yield Index. Formed on February 26, 2003, this investment vehicle is domiciled in the United States.
Wells Fargo Advantage Funds - Allspring Income Opportunities Fund is most often compared with the following Financial Services names: