ERC

Allspring Multi-Sector Income Fund
ERC

$9.43

0.95%

Market Cap: $265M

About: Allspring Multi-Sector Income Fund is a closed-end investment management company. The company's core business is to secure a high level of income for its investors consistent with limiting its overall exposure to domestic interest rate risk. It invests in U.S. dollar-denominated below investment-grade bonds, debentures, and other income obligations, including loans and preferred stocks, developed and emerging market debt securities, including obligations of foreign governments or governmental entities, foreign corporations, or supranational agencies denominated in various currencies, asset backed securities and investment grade corporate bonds.

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

86% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 14

1.71% more ownership

Funds ownership: 17.38% [Q1] → 19.09% (+1.71%) [Q2]

3% more capital invested

Capital invested by funds: $46.9M [Q1] → $48.2M (+$1.24M) [Q2]

4% less funds holding

Funds holding: 68 [Q1] → 65 (-3) [Q2]

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for ERC.

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Financial journalist opinion

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's recent performance has been modest, underperforming some indices but benefiting from its high yield, which boosts total returns. The fund introduced some changes to its portfolio during the second quarter that may not have been the best moves.

ERC: Analyzing Recent Updates To The Fund's Portfolio And Finances

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 High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C., July 26, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

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 High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Portfolio Manager Change on the Utilities and High Income Fund

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, which may deter investors seeking a very high level of income. The fund's past performance has been underwhelming, with a decline of 29.19% over the past three years, but this may not accurately reflect investor returns due to the fund's distribution policy.

ERC: This Global Debt CEF Is Unimpressive, But No Apparent Reason To Sell It

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C. , April 26, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C. , March 28, 2024 /PRNewswire/ --The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

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 High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution, as shown in the table below.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Announces Change to Investment Strategy Guidelines for two Closed-End Funds

Allspring Announces Change to Multi-Sector Income Fund Portfolio Management Team

CHARLOTTE, N.C. , Feb. 21, 2024 /PRNewswire/ -- Effective March 1, 2024, Alex Perrin is retiring from Allspring, and will be removed as a portfolio manager for the Allspring Multi-Sector Income Fund (NYSE American: ERC).

Allspring Announces Change to Multi-Sector Income Fund Portfolio Management Team

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C. , Jan. 26, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

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