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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.26% -9.62% 413.29M 117741.2
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
11.57% 54.00% -44.80M Upgrade

Basic Info

Investment Strategy
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 bonds,debentures, 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.
General
Security Type Closed-End Fund
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name Allspring Global Investments
Prospectus Benchmark Index
Bloomberg US Agg Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Christopher Lee 2.07 yrs
Michael Schueller 2.07 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 47
-44.80M
-4.334B Category Low
5.804B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of January 31, 2012

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
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--
--
--
--
--
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of September 30, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
-7.50%
26.46%
7.81%
-6.50%
27.22%
6.46%
21.62%
-27.20%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-1.54%
-14.61%
-8.86%
32.07%
17.02%
-16.09%
26.18%
0.19%
17.33%
-23.73%
-6.25%
20.23%
9.41%
-14.88%
18.43%
9.47%
6.76%
-26.02%
12.66%
11.34%
7.02%
12.75%
14.42%
-21.03%
31.83%
-21.01%
-5.33%
20.76%
8.42%
-11.09%
24.69%
5.60%
10.32%
-26.88%
As of September 30, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-30-22) 11.57%
30-Day SEC Yield (2-28-10) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 6.24%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of July 31, 2022

Asset Allocation

As of July 31, 2022.
Type % Net % Long % Short
Cash 2.65% Upgrade Upgrade
Stock 1.09% Upgrade Upgrade
Bond 95.29% Upgrade Upgrade
Convertible 0.98% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Allspring Government MMkt Select 2.65% 1.00 0.00%
Occidental Petroleum Corporation 6.45%
1.32% -- --
Enviva Inc 6.5%
1.31% -- --
Sabre GLBL Inc. 9.25%
1.24% -- --
CCM Merger Inc. (Motor City) 6.375%
1.13% -- --
Pattern Energy Operations LP / Pattern Energy Operations Inc 4.5%
1.05% -- --
Enact Holdings Inc 6.5%
1.03% -- --
TerraForm Power Operating, LLC 5%
0.90% -- --
Ford Motor Credit Company LLC 5.113%
0.88% -- --
Ford Motor Credit Company LLC 4.389%
0.87% -- --

Basic Info

Investment Strategy
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 bonds,debentures, 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.
General
Security Type Closed-End Fund
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name Allspring Global Investments
Prospectus Benchmark Index
Bloomberg US Agg Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Christopher Lee 2.07 yrs
Michael Schueller 2.07 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-30-22) 11.57%
30-Day SEC Yield (2-28-10) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 6.24%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of July 31, 2022

Fund Details

Key Dates
Inception Date 2/28/2003
Last Annual Report Date 4/30/2022
Last Prospectus Date 2/26/2003
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

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