Allspring Inc Opp:EAD

    Manage Alerts

    Overview

    As of 7/3/2022. NAV as of 7/1/2022.

     Share
    Price
    NAVPremium/
    Discount
    Current$6.58$7.09-7.19%
    52 Wk Avg$8.41$8.80-4.51%
    52 Wk High$9.22$9.310.44%
    52 Wk Low$6.38$7.09-10.38%
    Regular Distribution TypeIncome Only
    Distribution Rate10.75%
    Distribution Amount$0.0602
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The primary objective is to seek a high level of current income. As a secondary objective, it may also seek capital appreciation consistent with its investment objective. Normally it invests at least 80% of its total assets in below investment grade debt securities, loans and preferred stocks. It will not invest more than 20% of its total assets in convertible instruments. Up to 10% of its total assets may be invested in futures and options on securities and indices and in other derivatives. The Fund may use derivative instruments for hedging and non-hedging purposes effective 01-Aug-07.

    Capital Structure

    As of 7/3/2022

    Total Investment Exposure:$623.556M
    Total Common Assets:$429.556M
    Common Shares Outstanding:60,586,214
    Leverage

    As of 7/1/2022

    Preferred Share Assets:
    Total Debt (USD): $194.000M
    Regulatory Leverage (USD): $194.000M
    Effective Leverage (USD): $194.000M
    Effective Leverage (%): 31.11%
    Annual Expense Ratios

    As of 4/30/2022

      Per Common Share
    Management Fees0.81%
    Other Expenses:0.14%
    Baseline Expense: N/A
    Interest Expense:0.33%
    Total: 1.29%
    Fund Management

    Fund Sponsor
    Allspring Global Investments

    Portfolio Managers
    Christopher Lee, Michael J. Schueller

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: EAD
    NAV Ticker: XEADX
    Average Daily Volume (shares): 181,110
    Average Daily Volume (USD): $1.503M
    Inception Date: 2/28/2003
    Inception Share Price: $15.00
    Inception NAV: $14.30
    Tender Offer: No
    Term: No
    Fiscal Year End: April 30
    Third Party Links & Reports

    Distributions

    As of 7/3/2022

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 10/31/2021
    $0.3038
    Annualized Distribution Rate on NAV:
    As of 7/3/2022
    9.97%
    Total Return on NAV (12 months):
    As of 7/3/2022
    -16.87%
    Avg. Portfolio Coupon:
    As of 7/3/2022
    5.56%
    Total % Portfolio Effectively Leveraged:
    As of 7/3/2022
    31.11%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 7/4/2022

    PeriodAvg Discount
    6 Month-6.00%
    1 Year-4.51%
    3 Year-7.88%
    5 Year-8.89%
    Z-Score

    As of 7/4/2022

    PeriodZStat
    3 Month-0.06
    6 Month-0.29
    1 Year-0.98
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2022
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-25.69%-18.73%-16.72%-11.99%
    202121.62%9.21%18.38%9.49%
    20206.46%8.20%1.13%3.11%
    201927.22%17.40%21.79%13.91%
    2018-6.50%-3.07%-5.54%-2.01%
    20177.81%9.74%9.77%9.23%
    201626.46%21.21%19.94%16.22%
    2015-7.50%-5.52%-4.93%-4.43%
    20145.77%5.70%2.04%2.36%
    2013-0.48%6.62%2.61%9.80%
    20129.05%17.27%16.41%20.47%
    201117.43%7.12%11.14%4.54%
    201013.04%16.70%19.84%18.51%
    2009102.51%65.38%  
    2008-43.04%-41.17%  
    2007-15.47%1.03%  
    200627.78%11.50%  
    2005-10.19%0.40%  
    200416.59%12.92%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 6/30/2022
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/1/2022
    5.56%
    Average Maturity:
    As of 5/31/2022
    6.26 yrs
    Number of Holdings:
    As of 5/31/2022
    313
    Annual Portfolio Turnover:
    As of 4/30/2022
    61.00%
    Average Bond Price:
    As of 5/31/2022
    $94.07
    Asset Allocation

    As of 5/31/2022

    Top Sectors

    As of 5/31/2022

    Sector%Portfolio
    Corporate (Super Sector)93.17%
    Corporate Bond85.37%
    Bank Loan7.38%
    Cash Equivalents (Super Sector)4.25%
    Cash Equivalents4.25%
    Asset Backed1.17%
    Securitized (Super Sector)1.17%
    Energy0.61%
    Sensitive (Super Sector)0.61%
    Real Estate0.48%
    Top Holdings

    As of 5/31/2022

    HoldingValue% Portfolio
    Enviva Inc 6.5%$8.43M1.27%
    Occidental Petroleum Corporation 6.45%$8.36M1.26%
    Sabre GLBL Inc. 9.25%$7.87M1.18%
    Pattern Energy Operations LP / Pattern Energy Operations Inc 4.5%$6.80M1.02%
    CCM Merger Inc. (Motor City) 6.375%$6.58M0.99%
    Enact Holdings Inc 6.5%$6.52M0.98%
    Fly Leasing Limited 7%$6.10M0.92%
    Ford Motor Credit Company LLC 5.113%$5.68M0.85%
    Air Canada 10.5%$5.68M0.85%
    Ford Motor Credit Company LLC 4.389%$5.56M0.84%
    Maturity Breakdown

    As of 5/31/2022

    Country Allocation

    As of 5/31/2022

    Country% Portfolio
    United States - Fixed Income79.00%
    Canada - Fixed Income2.74%
    Ireland - Fixed Income1.62%
    United States - Equity1.09%
    Others - Fixed Income0.71%
    United Kingdom - Fixed Income0.71%
    Germany - Fixed Income0.62%
    Spain - Fixed Income0.51%
    Israel - Fixed Income0.48%
    France - Fixed Income0.30%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-2036301PR-E0222X