Sector: Financials | Industry: Closed End Funds |
Allspring Global Dividend Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek a high level of current income. The Fund's secondary objective is long-term growth of capital. Under normal market conditions, the Fund allocates approximately 80% of its total assets to an equity sleeve comprised primarily of a diversified portfolio of common stocks of United States and non-United States companies and other equity securities, which offers above-average potential for current and/or future dividends. The remaining 20% of the Fund's total assets is allocated to a sleeve consisting of below investment-grade debt securities, loans and preferred stocks. The Fund also employs an option strategy in an attempt to generate gains on call options written by the Fund. Allspring Funds Management, LLC is the adviser of the Fund and Allspring Global Investments, LLC is the sub-adviser of the Fund.
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