Allspring Multi-Sector Income Fund (ERC) Research
The Allspring Multi-Sector Income Fund operates as a closed-end mutual fund, concentrating its investments in fixed-income assets. It was initiated and is primarily overseen by Wells Fargo Funds Management, LLC, with First International Advisors, Inc. and Wells Capital Management Incorporated providing joint management expertise. The fund's strategy involves allocating capital across a diverse range of global debt instruments. Its portfolio is predominantly comprised of a variety of higher-yielding, lower-rated corporate debt, including bank loans, sovereign and corporate debt from international and developing economies, adjustable and fixed-rate mortgage-backed securities, and select investment-grade corporate bonds. This fund was established on June 25, 2003, and maintains its legal domicile in the United States.
Market snapshot
- Symbol
- ERC
- Price
- $9.01
- Day change
- +0.22%
- Market cap
- $252.8M
- P/E ratio
- 9.33x
- 52-week range
- 8.72-9.78
- Sector
- Financial Services
- Industry
- Asset Management - Income
Peer companies
- Virtus Diversified Income & Convertible Fund (ACV)
- Templeton Emerging Markets Fund (EMF)
- Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (EOD)
- Lazard Global Total Return and Income Fund, Inc. (LGI)
- MFS Income Fund - Class A (MFIOX)
- Northern Funds Income Equity Fund (NOIEX)
- Cohen & Steers Select Preferred and Income Fund, Inc. (PSF)
- Cohen & Steers Real Estate Opportunities Income Fund (RLTY)
Recent insider activity
- SHLISSEL BRIAN S — P-Purchase (400 shares) on 2026-02-27
- Miller Cindy J — trade (0 shares) on 2026-01-02
- SHLISSEL BRIAN S — trade (0 shares) on 2026-01-02
- Reed Andrew Michael — trade (0 shares) on 2025-08-07
- Barbieri Thomas Edward — trade (0 shares) on 2025-03-18
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