In plain terms — Allspring Income Opportunities Fund
Shares currently cost about 12.4% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 8.7% discount, so today's level is unusually wide for this fund (Z-score -2.0). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 10.7% a year of the share price (9.3% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.14 of assets — a ReinvestCapture™ rate of 12.2%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 1.4% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -11.05% | 0.92% | -1.56 | 64 |
| 6 months | -10.13% | 1.32% | -1.79 | 126 |
| 1 year | -8.69% | 1.87% | -2.03 | 250 |
| 3 years | -7.73% | — | — | — |
| 5 years | -7.78% | — | — | — |
Current contemporaneous premium/discount -12.50% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -12.88% to -6.10%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -5.31% | -8.55% | -13.27% | -14.29% | -0.11% | -8.02% |
| Market price total return | -4.47% | -6.18% | -5.86% | -5.49% | +9.77% | +1.09% |
| NAV return | -2.72% | -4.49% | -7.36% | -7.23% | -0.20% | -5.73% |
| NAV total return | -1.96% | -2.30% | -0.19% | +1.41% | +8.89% | +2.85% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the 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.
CEF Explorer research page for Allspring Income Opportunities Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.