ERC

Allspring Multi-Sector Income Fund
ERC
Market cap $260M

9.27 USD

+0.00

0.00%

At close Mar 3, 4:00 PM EST

After hours

9.25

-0.02

0.22%

1 day

0.00%

5 days

0.11%

1 month

-0.54%

3 months

1.64%

6 months

-0.75%

Year to date

1.31%

1 year

-1.28%

5 years

-23.51%

10 years

-32.19%

0

Funds holding %

of 7,290 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

32% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 19

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

22% more capital invested

Capital invested by funds: $62.3M [Q3] → $76M (+$13.7M) [Q4]

5.19% more ownership

Funds ownership: 24.26% [Q3] → 29.44% (+5.19%) [Q4]

0% more funds holding

Funds holding: 68 [Q3] → 68 (+0) [Q4]

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Research analyst outlook

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

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Financial journalist opinion

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions

CHARLOTTE, N.C. , Feb. 25, 2025 /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

ERC: A Reasonable Option If You Even Want Bonds In A Portfolio

The Allspring Multi-Sector Income Fund offers a high 9.44% yield, but underperforms peers and has a lower yield compared to similar funds. The fund employs leverage, making it more volatile; it has a conservative leverage ratio of 29.50%, below the peer median. The fund's strategy includes a mix of domestic junk bonds, international bonds, and mortgage-backed securities, with significant foreign currency exposure.

ERC: A Reasonable Option If You Even Want Bonds In A Portfolio

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C. , Jan. 31, 2025 /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. , Dec. 27, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (AMEX: EAD), the Allspring Multi-Sector Income Fund (AMEX: ERC), and the Allspring Utilities and High Income Fund (AMEX: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

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 Dividend Opportunity Fund (NYSE: EOD) Allspring Income Opportunities Fund (NYSE American: EAD) Allspring Multi-Sector Income Fund (NYSE American: ERC) Allspring Utilities and High Income Fund (NYSE American: ERH) The funds' Board of Trustees has authorized the repurchase of an aggregate of up to 5% of each fund's outstanding shares in open-market transactions during the period beginning January 1, 2025 and ending December 31, 2025.

Closed-end funds advised by Allspring Funds Management renew share repurchase programs

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 Investments (UK) Limited, one of the Fund's sub-advisors.

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

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 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. , Sept. 27, 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

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

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