Wells Fargo Advantage Funds - Allspring Income Opportunities Fund is a US-based, closed-end fixed income mutual fund that invests primarily in below investment-grade debt securities, high-yield debt securities, loans, and preferred stocks. The fund is managed by Wells Fargo Funds Management, LLC and co-managed by Wells Capital Management Incorporated. It was formed in February 2003 and benchmarks its portfolio performance against Merrill Lynch High Yield Index.