Allspring Global Dividend Opportunity Fund

EOD

Market cap $245M

CHARLOTTE, N.C. , Oct. 8, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE America: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunities Fund (NYSE: EOD) announced today that Chris Lee, CFA, senior portfolio manager on Allspring Global Investments' Plus Fixed Income team will be removed as a portfolio manager from the funds as detailed in the table below.

Allspring Global Dividend Opportunity Fund (EOD) aims for high current income and long-term capital growth, and currently offers a 9% market distribution rate. Much of EOD's distribution is return of capital, not net investment income, and the fund carries a high 1.28% gross expense ratio. EOD uses leverage and has historically shown high volatility relative to its returns, but currently trades at a significant discount to NAV.

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight the ten best CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select 10 CEFs every month from around 500 closed-end funds.

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight the ten best CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select 10 CEFs every month from around 500 closed-end funds.

CHARLOTTE, N.C. , Aug. 19, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

I'll bet most investors have never heard of the Allspring Global Dividend Opportunity Fund. And yet, it's been one of the best diversified equity CEFs this year. With an NAV up +13.8% YTD, that's way ahead of the S&P 500 up +7.0%. Add in EOD's +9.3% market yield while at a -9.9% discount, and what's not to-like? EOD hasn't had the best track record, having gone public just before the financial crisis in 2007, but ever since Allspring took over the fund in 2021, performance has improved.

Allspring Global Dividend Opportunity Fund offers a blended portfolio of equities and high-yield debt, with a 10% starting dividend yield but questionable distribution sustainability. EOD's performance is heavily reliant on positive market conditions and has shown inconsistency in covering its distributions, raising concerns about long-term dividend stability. The fund trades at a significant discount to NAV, but its reliance on below-investment-grade debt and an uncertain interest rate environment elevate its risk profile.

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

CHARLOTTE, N.C. , Feb. 25, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

CHARLOTTE, N.C. , Feb. 11, 2025 /PRNewswire/ -- The Allspring Global Dividend Opportunity Fund (NYSE American: EOD) announced today that Harin de Silva will be removed as a portfolio manager from the fund, effective March 31, 2025.