|Bid||12.03 x 800|
|Ask||13.02 x 800|
|Day's Range||12.93 - 13.09|
|52 Week Range||10.69 - 13.41|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||10.68|
|Forward Dividend & Yield||0.90 (6.91%)|
|1y Target Est||N/A|
All of the changes are effective on or about October 15, 2019, with the exception of the managed distribution plan, which will be effective according to the timeline discussed below. The fund’s investment objective will remain to seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income.
The Wells Fargo Income Opportunities Fund , the Wells Fargo Multi-Sector Income Fund , the Wells Fargo Utilities and High Income Fund , and the Wells Fargo Global Dividend Opportunity Fund have each announced a distribution.
The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), and the Wells Fargo Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.
Effective April 1, 2019, Andrew Tuttle, CFA, of Crow Point Partners, LLC, will no longer be a portfolio manager for the Wells Fargo Global Dividend Opportunity Fund (EOD) and the Wells Fargo Utilities and High Income Fund (NYSE American: ERH).1 Crow Point Partners is a subadvisor to the two affected funds.
The funds’ Board of Trustees has authorized the repurchase of an aggregate of up to 10% of each fund’s outstanding shares in open-market transactions during the period beginning January 1, 2019, and ending December 31, 2019. The Board has again delegated to Wells Fargo Funds Management, LLC, discretion to determine the amount and timing of repurchases of shares of each fund in accordance with the best interests of the fund and subject to applicable legal limitations. The Board previously authorized the repurchase during the period from January 1, 2018, through December 31, 2018, of an aggregate of up to 10% of the outstanding shares of each fund.