Wells Fargo Advantage Funds - Allspring Income Opportunities Fund
EAD
New York Stock Exchange American- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Brian James Keller
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 525 Market Street Charlotte CA United States of America 94105
- IPO Date
- Feb 26, 2003
- CIK
- 0001210123
- Website
- allspringglobal.com
- Similar Companies
- Business
- Allspring Income Opportunities Fund (NYSE American: EAD) is a closed-end fixed income mutual fund that seeks a high level of current income, with capital appreciation as a secondary objective. Launched on February 26, 2003, and domiciled in the United States, the fund is managed by Allspring Funds Management, LLC, with sub-advisory services provided by Allspring Global Investments, LLC; it trades shares on the secondary market through broker-dealers. Under normal market conditions, the fund invests at least 80% of its total assets in below-investment-grade (high yield) debt securities rated Ba or lower by Moody's Investors Service, Inc. or BB or lower by S&P Global Ratings, or unrated securities of comparable quality, including U.S. dollar-denominated bonds, debentures, loans, and preferred stocks issued by domestic or foreign issuers (up to 25% in non-emerging market foreign securities); these high yield securities feature fixed or variable principal payments, diverse interest rate and dividend terms such as adjustable, contingent, deferred, payment-in-kind, and auction rate structures, and a broad range of maturities. The fund may also allocate to convertible securities (up to 20% of total assets), equity securities, U.S. government securities, asset-backed securities (excluding mortgage-backed), real estate investment trusts, structured securities, zero-coupon/step-up coupon/pay-in-kind instruments, derivatives (up to 10%), and other investment companies for liquidity, hedging, or defensive purposes, while employing leverage through bank borrowings (30.8% as of April 30, 2025) to enhance returns; its portfolio emphasizes rigorous top-down macroeconomic analysis and bottom-up credit research across sectors, capital structures, and quality grades, with a six-month investment horizon, strict sell discipline, and benchmarks including the ICE BofA U.S. High Yield Constrained Index. The fund operates a managed distribution plan targeting a minimum annual rate of 8.75% based on average monthly net asset value per share over the prior 12 months, with monthly distributions sourced from income, capital gains, or return of capital, and an automatic dividend reinvestment option available to shareholders. In recent developments, the fund renewed its open-market share repurchase program on November 14, 2024, authorizing up to 5% of outstanding shares through December 31, 2025, to support shareholder value; portfolio management saw the addition of Brian Keller, CFA, as a manager in October 2025 amid team adjustments across Allspring closed-end funds; and it maintained steady monthly distributions around $0.053 per share into late 2025, with assets under management at $435.3 million as of December 2025.