ERC
Allspring Multi-Sector Income FundERC
ERC
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 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
10% more capital invested
Capital invested by funds: $76.1M [Q4 2024] → $84M (+$7.93M) [Q1 2025]
2.98% more ownership
Funds ownership: 29.5% [Q4 2024] → 32.48% (+2.98%) [Q1 2025]
0% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 24
3% less funds holding
Funds holding: 69 [Q4 2024] → 67 (-2) [Q1 2025]
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Research analyst outlook
We haven’t received any recent analyst ratings for ERC.
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
ERC: Relies On Interest Rate Cuts For Relief
Allspring Multi-Sector Income Fund offers a high dividend yield of 9.4% and global exposure but faces risks from below-investment-grade debt and interest rate volatility. ERC's price trades at a discount to NAV, reflecting market concerns about its earnings history and potential for dividend cuts if performance doesn't improve. The fund's strategy includes significant leverage and a diverse portfolio, but higher interest rates could negatively impact returns and increase default risks.
Neutral
PRNewsWire
1 month ago
Allspring Closed-End Funds Declare Monthly Distributions
CHARLOTTE, N.C. , April 25, 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.
Neutral
PRNewsWire
2 months ago
Allspring Closed-End Funds Declare Monthly Distributions
CHARLOTTE, N.C. , March 28, 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.
Neutral
PRNewsWire
3 months ago
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.
Positive
Seeking Alpha
3 months ago
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.
Neutral
PRNewsWire
4 months ago
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.
Neutral
PRNewsWire
5 months ago
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.
Neutral
PRNewsWire
6 months ago
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.
Neutral
PRNewsWire
7 months ago
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.
Neutral
PRNewsWire
7 months ago
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.
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