Allspring Multi-Sector Income Fund (ERC)
| Market Value | 253.36M |
| Revenue (ttm) | 29.78M |
| Net Income (ttm) | 22.83M |
| Shares Out | 28.06M |
| EPS (ttm) | 0.81 |
| PE Ratio | 11.08 |
| Forward PE | n/a |
| Dividend | $0.79 (8.78%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 33,815 |
| Open | 9.01 |
| Previous Close | 9.02 |
| Day's Range | 9.01 - 9.04 |
| 52-Week Range | 8.77 - 9.60 |
| Beta | 0.73 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About ERC
Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc. and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds. Allspring Multi-... [Read more]
News
Closed-end funds advised by Allspring Funds Management renew share repurchase programs
CHARLOTTE, N.C. , Nov. 14, 2024 /PRNewswire/ -- The following four Allspring closed-end funds announced today that they will renew their open-market share repurchase programs: Allspring Global Dividen...
Allspring Announces Change to Multi-Sector Income Fund Portfolio Management Team
CHARLOTTE, N.C. , Oct. 29, 2024 /PRNewswire/ -- Effective today, Adam Hicks will be added as a portfolio manager on the Allspring Multi-Sector Income Fund (NYSE American: ERC) at Allspring Global Inve...
Allspring Closed-End Funds Declare Monthly Distributions
CHARLOTTE, N.C. , Oct. 25, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities a...
ERC: Analyzing Recent Updates To The Fund's Portfolio And Finances
The Allspring Multi-Sector Income Fund offers an 8.44% yield and invests in diverse bond sectors, including emerging markets, providing a better risk-reward profile than other bond funds. The ERC fund...
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions
CHARLOTTE, N.C. , Aug. 14, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and H...
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Portfolio Manager Change on the Utilities and High Income Fund
CHARLOTTE, N.C. , May 30, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and Hi...
ERC: This Global Debt CEF Is Unimpressive, But No Apparent Reason To Sell It
The Allspring Multi-Sector Income Fund offers a high level of current income with an 8.75% yield, surpassing U.S. Treasury securities and most junk bonds. The fund's yield is lower than its peers, whi...
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Announces Change to Investment Strategy Guidelines for two Closed-End Funds
CHARLOTTE, N.C. , Feb. 22, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and H...
Allspring Closed-End Funds Adopt Amended and Restated By-Laws
CHARLOTTE, N.C. , Dec. 21, 2023 /PRNewswire/ -- The following Allspring closed-end funds announced today that the Board of Trustees for each Fund has approved the adoption of their respective Amended ...
CEF Market Weekly Review: Will CEF Returns Lag Their Yields?
We review CEF market valuation and performance through the third week of August and highlight recent market action. CEFs had another down week as August has now erased all of the July rally. Most CEF ...
ERC: Global Fixed Income CEF Plodding Along
Allspring Multi-Sector Income Fund is a global bond closed end fund. The vehicle has posted the same total return as the much better known DoubleLine Income Solutions Fund in the past year.
ERC: Target Met, Moving From Sell To Being Neutral
Allspring Multi-Sector Income Fund (ERC) is a global fixed income closed end fund. We reviewed the fund in August and our analysis yielded a Sell rating based on the abnormal premium to NAV for this f...
ERC: Global Fixed Income CEF, 10.5% Yield
Allspring Multi-Sector Income Fund (ERC) is a global fixed income closed end fund. The fund has three main investment buckets consisting of U.S. High Yield, International Sovereign Bonds and U.S. Inve...
Allspring Multi-Sector Income Fund Announces Change to Managed Distribution Plan
CHARLOTTE, N.C. , Aug. 17, 2022 /PRNewswire/ -- The Allspring Multi-Sector Income Fund (NYSE American: ERC), a closed-end fund, announced today that the fund's Board of Trustees has approved a change ...
Ride Out The Crash With These 11.8% Dividends
I know this inflation-panicked market is frustrating, but despite the endless doomsaying from the pundits, there is good news.
Allspring Announces Change to the Allspring Multi-Sector Income Fund Portfolio Management Team
CHARLOTTE, N.C., Feb. 22, 2022 /PRNewswire/ -- Allspring Global Investments announced today that Peter Wilson will retire from the firm.
Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions
CHARLOTTE, N.C., Nov. 12, 2021 /PRNewswire/ -- The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities ...
ERC Is Better Skipped
Wells Fargo Multi-Sector Income Fund, as the name implies, spreads its Fixed Income exposure over multiple sectors of the Global Fixed Income market. This article reviews ERC and compares its against ...
Results of Special Shareholder Meetings of Wells Fargo Closed-End Funds
SAN FRANCISCO--(BUSINESS WIRE)--In connection with the proposed sale by Wells Fargo & Company of Wells Fargo Asset Management (WFAM) to a holding company affiliated with private funds of GTCR LLC and ...
Wells Fargo Closed-End Funds Announce Change of Date of Special Meeting of Shareholders
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Asset Management (WFAM) today announced that the Wells Fargo Income Opportunities Fund (NYSE American: EAD), Wells Fargo Multi-Sector Income Fund (NYSE Amer...
Wells Fargo Closed-End Funds Announce Board Approval of New Investment Advisory and Sub-Advisory Agreements
SAN FRANCISCO--(BUSINESS WIRE)--Each fund listed below has announced that its Board of Trustees has approved a new investment advisory agreement and new sub-advisory agreement(s), and has announced re...
Limited Duration CEF Sector Update
We take a look at the Limited Duration CEF sector which offers one way for income investors to shorten up on their interest rate sensitivity. Investors seeking a higher income level as well as tactica...
Preparing For Distribution Changes For CEFs With MDPs
Some CEFs have managed distribution policies that are linked directly or indirectly to their NAVs, allowing investors to forecast changes in distributions with varying accuracy. Recent volatility has ...