Wells Fargo Advantage Funds - Allspring Income Opportunities Fund

Wells Fargo Advantage Funds - Allspring Income Opportunities Fundverified

EAD

Price:

$7.045

Market Cap:

$416.31M

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 performance of its portfolio against Merrill Lynch High Yield Index. Wells Fargo Advantage Funds - Allspring Income Opportunities Fund was formed on February 2...[Read more]

Industry

Asset Management - Income

IPO Date

2003-02-26

Stock Exchange

NYSE

Ticker

EAD

The ROE as of September 2024 (TTM) for Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) is 28.66%

According to Wells Fargo Advantage Funds - Allspring Income Opportunities Fund’s latest financial reports and current stock price. The company's current ROE is 28.66%. This represents a change of 153.45% compared to the average of 11.31% of the last 4 quarters.

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) Historical ROE (quarterly & annually)

How has EAD ROE performed in the past?

The mean historical ROE of Wells Fargo Advantage Funds - Allspring Income Opportunities Fund over the last ten years is 4.39%. The current 28.66% ROE has changed 553.06% with respect to the historical average. Over the past ten years (40 quarters), EAD's ROE was at its highest in in the October 2023 quarter at 14.79%. The ROE was at its lowest in in the January 2020 quarter at -6.67%.

Quarterly (TTM)
Annual

Average

4.39%

Median

4.73%

Minimum

-9.65%

Maximum

24.84%

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) ROE by Quarter and Year

Discovering the peaks and valleys of Wells Fargo Advantage Funds - Allspring Income Opportunities Fund ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 59.88%

Maximum Annual ROE = 24.84%

Minimum Annual Increase = -478.75%

Minimum Annual ROE = -9.65%

Quarterly (TTM)
Annual
YearROEChange
20249.01%-478.75%
2023-2.38%-61.36%
2022-6.16%-124.79%
202124.84%-357.53%
2020-9.65%-248.48%
20196.50%59.88%
20184.06%-75.63%
201716.67%-477.75%
2016-4.41%-181.88%
20155.39%-19.93%

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

How has EAD ROE performed in the past?

The current ROE of Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.16%

5-year avg

3.13%

10-year avg

4.39%

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) ROE vs. Peers

How is EAD’s ROE compared to its peers?

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund’s ROE is greater than Allspring Utilities and High Income Fund (-0.20%), less than Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (20.64%), less than Blackstone / GSO Senior Floating Rate Term Fund (20.93%), less than John Hancock Preferred Income Fund (0.34%), less than Allspring Multi-Sector Income Fund (8.46%), less than Virtus Convertible & Income Fund II (41.56%), less than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (2.95%), less than Credit Suisse High Yield Bond Fund, Inc. (12.40%), less than MFS Intermediate High Income Fund (16.56%), less than Western Asset High Income Fund II Inc. (48.66%), less than Western Asset Global High Income Fund Inc. (33.81%), greater than Nuveen Senior Income Fund (-4.71%), less than Invesco High Income Trust II (22.06%), less than Pioneer Floating Rate Fund, Inc. (10.79%), less than Franklin Limited Duration Income Trust (18.27%), less than First Trust/Abrdn Global Opportunity Income Fund (35.62%),

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