Jeremy DePalma - Allspring Income Treasurer
| EAD Fund | USD 6.41 0.09 1.42% |
Ms. Jeremy M. DePalma is Treasurer of Wells Fargo Advantage Income Opportunities Fund. She is Senior Vice President of Wells Fargo Funds Management, LLC since 2009. Senior Vice President of Evergreen Investment Management Company, LLC from 2008 to 2010. Vice President of Evergreen Investment Services, Inc. from 2004 to 2007. Head of the Fund Reporting and Control Team within Fund Administration from 2005 to 2010.
| Age | 45 |
| Tenure | 12 years |
| Phone | 415-396-8000 |
Allspring Income Management Performance (%)
The company has Return on Asset of 2.97 % which means that on every $100 spent on assets, it made $2.97 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (5.71) %, meaning that it generated no profit with money invested by stockholders. Allspring Income's management efficiency ratios could be used to measure how well Allspring Income manages its routine affairs as well as how well it operates its assets and liabilities.Similar Money Managers
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| Warren Thomson | John Hancock Preferred | 63 | |
| David Messman | Allspring Multi Sector | 56 | |
| Christopher Wightman | Allspring Multi Sector | N/A | |
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| Isaiah Harris | Allspring Global Dividend | 69 | |
| Debra Early | Allspring Multi Sector | 51 | |
| Judith Johnson | Allspring Multi Sector | 70 | |
| Michael Scofield | Allspring Utilities And | 75 | |
| Olivia Mitchell | Allspring Utilities And | 66 | |
| Niel Nielson | Macquariefirst Tr Global | 66 | |
Management Performance
| Return On Equity | -5.71 | ||||
| Return On Asset | 2.97 |
Allspring Me Opportu Leadership Team
Elected by the shareholders, the Allspring Income's board of directors comprises two types of representatives: Allspring Income inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Allspring. The board's role is to monitor Allspring Income's management team and ensure that shareholders' interests are well served. Allspring Income's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Allspring Income's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Scofield, Independent Trustee | ||
| Isaiah Harris, Independent Trustee | ||
| Timothy Penny, Independent Chairman of the Board of Trustee | ||
| Peter Gordon, Independent Chairman of the Board of Trustees | ||
| Donald Willeke, Independent Trustee | ||
| Judith Johnson, Independent Trustee | ||
| William Ebsworth, Independent Trustee | ||
| David Berardi, Assistant Treasurer | ||
| Jane Freeman, Independent Trustee | ||
| Debra Early, Chief Compliance Officer | ||
| Michael Whitaker, Chief Compliance Officer | ||
| James Polisson, Independent Trustee | ||
| Olivia Mitchell, Independent Trustee | ||
| Andrew Owen, President | ||
| Jeremy DePalma, Treasurer | ||
| C Messman, Secretary | ||
| David Larcker, Independent Trustee | ||
| Michelle Rhee, Chief Legal Officer | ||
| Catherine Kennedy, Secretary | ||
| Karla Rabusch, President | ||
| David Messman, Secretary | ||
| Leroy Keith, Independent Trustee | ||
| Alexander Kymn, Secretary, Chief Legal Officer | ||
| Pamela Wheelock, Independent Trustee |
Allspring Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Allspring Income a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -5.71 | ||||
| Return On Asset | 2.97 | ||||
| Profit Margin | (73.71) % | ||||
| Operating Margin | 86.97 % | ||||
| Current Valuation | 604.28 M | ||||
| Shares Outstanding | 60.25 M | ||||
| Shares Owned By Insiders | 0.06 % | ||||
| Shares Owned By Institutions | 22.60 % | ||||
| Number Of Shares Shorted | 31.72 K | ||||
| Price To Earning | 4.72 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allspring Income in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allspring Income's short interest history, or implied volatility extrapolated from Allspring Income options trading.
Pair Trading with Allspring Income
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allspring Income position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allspring Income will appreciate offsetting losses from the drop in the long position's value.Moving together with Allspring Fund
| 0.76 | NEA | Nuveen Amt Free | PairCorr |
| 0.61 | NVG | Nuveen Amt Free | PairCorr |
| 0.78 | NAD | Nuveen Dividend Advantage | PairCorr |
The ability to find closely correlated positions to Allspring Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allspring Income when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allspring Income - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allspring Income Opportunities to buy it.
The correlation of Allspring Income is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allspring Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allspring Me Opportu moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allspring Income can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Allspring Income Opportunities. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Allspring Me Opportu information on this page should be used as a complementary analysis to other Allspring Income's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.