Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund
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- Allspring Global Dividend Opportunity Fund (NYSE: EOD) is a closed-end fund that seeks a high level of current income with a secondary objective of long-term capital growth; it normally allocates approximately 80% of its total assets to an equity sleeve focused on common stocks and other equity securities with above-average dividend potential, typically holding 60 to 80 positions diversified across major sectors and regions; and 20% to a below-investment-grade high-yield debt sleeve, supplemented by an options overlay strategy involving written call options to enhance income. The fund emphasizes dividend-paying stocks in utilities, telecommunications, and energy sectors within public equity markets globally. Launched on March 28, 2007 and domiciled in the United States, the fund is managed by Allspring Funds Management, LLC (formerly Wells Fargo Funds Management, LLC), with co-management by Wells Capital Management Incorporated and Crow Point Partners, LLC; its shares trade on the New York Stock Exchange and are available only through secondary markets via broker-dealers. Headquartered in Menomonee Falls, Wisconsin, with key operations linked to Allspring Global Investments in Charlotte, North Carolina, the fund targets income-oriented investors seeking global exposure. Assets under management stand at approximately $283 million as of December 2025. Recent developments include the addition of Xin ("Steven") Zhao as a portfolio manager to the options team effective February 25, 2025, alongside the existing team of Justin Carr, Vince Fioramonti, Chris Lee, Megan Miller, and Michael J. Schueller, with no change to the investment strategy; the planned removal of Harin de Silva as portfolio manager effective March 31, 2025; a renewal of the open-market share repurchase program on November 14, 2024, authorizing up to 5% of outstanding shares from January 1 to December 31, 2025; and a modification to the high-yield sleeve's principal strategy during the fiscal year ended October 31, 2024, to increase investments in U.S. dollar-denominated securities of foreign issuers. The fund has sustained quarterly distributions, with the latest at $0.12671 per share (ex-date September 12, 2025) under a managed distribution plan targeting 9% of average monthly NAV, occasionally adjusted upward such as to $0.12434 in March 2025.