Allspring Multi-Sector Income Fund (ERC)

• Market cap: $258M
• 1 day: 0.00%
• 5 days: 0.55%
• 1 month: 0.77%
• 3 months: -2.33%
• 6 months: 1.21%
• Year to date: 0.66%
• 1 year: -3.26%
• 5 years: -28.55%
• 10 years: -33.26%

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.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

22% more capital invested

Capital invested by funds: $51.1M [Q2] → $62.3M (+$11.2M) [Q3]

5% more funds holding

Funds holding: 65 [Q2] → 68 (+3) [Q3]

4.01% more ownership

Funds ownership: 20.24% [Q2] → 24.26% (+4.01%) [Q3]

4% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 23