CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Wells Fargo Income Opportunities Fund (EAD)

Taxable Bond Funds - High Yield Bond Funds

Data as of Aug. 20, 2019
Current
Market Price $8.08 (- $0.03)
NAV (Aug. 20, 2019) $8.90 (+ $0.02)
Premium / Discount -9.21% (-0.54%)
Fund Info
Inception Feb. 28, 2003
Sponsor Wells Fargo Funds Management
Website https://www.wellsfargo...
Phone 1-800-359-3379
NAV Symbol XEADX
Objective: High current income; below investment-grade debt securities, loans and preferred stocks
Related Indexes
12 Major CEF Sectors Index
High Income Index
High Yield Bond Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
US Bond Index
Capital & Leverage
Outstanding Shares 63,075,947
Total Assets (Reported: April 30, 2019) $802M
Estimated Total Assets $787M
Net Assets $561M
Market Cap $510M
Purchases Turnover 33.78%
Sales Turnover 33.07%
Total Leverage 28.66%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.12%
Non Lev Exp Ratio 0.93%
Rel Lev Cost 2.93%
Discount Data
Average Discount (3 Yr) -9.81%
Discount Low(3 Yr) -16.87%
Discount High(3 Yr) 0.00%
Discount Rel Range 45.37%
Comp Discount -4.39
Discount St Dev (1Yr) 1.92
Z-Stat
Z-Stat (6mo) 0.61
Z-Stat (1Yr) 0.99
Z-Stat (3Yr) 0.32
Comp Z-Stat (6mo) -0.19
Comp Z-Stat (3Yr) -0.21
Distribution Data
Market Yield 8.77%
Income Yield 8.77%
Lev Adj NAV Yield 6.19%
Distribution Frequency M
Current Distribution $0.059
Current Income $0.059
Ex-Date 8/12/19
Payable Date 9/3/19
Div Growth (3yr) -13.24%
Dividend Change 0.0% on 8/14/19
Expected Div 9/27/19
RoC (1yr) 8.83%
RoC (3yr) 7.07%
Volume & Liquidity
Average Daily $ (M) $1,484
Avg Volume 30 day 164,626
Avg Volume 90 day 183,615
Volume Trend -10.34%
Comp Volume Trend -7.91%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
66.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
83.0%
Price Correlation (1yr)
vs. CEFA's High Yield Bond Index
91.0%
Most Correlated Peer (Mk Pr): HIO 91.0%
NAV - Price Correlation (30 d) 84.5%
NAV - Price Correlation (90 d) 72.4%
NAV - Price Correlation (1 Yr) 83.9%
Price St Dev (1Yr) 11.9%
NAV St Dev (1Yr) 21.1%
Earnings
Earnings / Share (4/30/19) $0.049
Earn Coverage 83.73%
Earnings Trend Up
UNII / Share (4/30/19) $-0.088
Rel UNII -12.42
UNII Trend Down
Bond Specific Data
Maturity 3.93
Duration 2.79
Credit Rating (rbo) B
Investment Grade 5.00%
Non Investment Grade 94.00%
Unrated Bonds 1.00%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.20
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.45
NAV Beta (2yr)
vs. CEFA's High Yield Bond Index
0.84

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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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