Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) Stock

About Wells Fargo Advantage Funds - Allspring Income Opportunities Fund

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 headquartered in US.

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) stock trades at $6.45 with a market capitalization of $381.15M. The stock is valued at a price-to-earnings (P/E) ratio of 9.49, price-to-book of 0.89, price-to-sales of 8.64. Over the past 52 weeks the stock has ranged between $6.24 and $7.15, and currently trades 9.8% below its 52-week high. It pays a dividend yielding 9.92%.

On profitability, Wells Fargo Advantage Funds - Allspring Income Opportunities Fund generates a return on equity (ROE) of 9.42%, return on capital employed of 8.09%, an operating margin of 111.02%, a net profit margin of 92.06%.

Official website: www.allspringglobal.com/investments/fixed-income/mutual-funds/income-opportunities/