ERC

Allspring Multi-Sector Income Fund

9.65 USD
-0.04
0.41%
At close Updated Sep 12, 4:00 PM EDT
1 day
-0.41%
5 days
0.94%
1 month
2.99%
3 months
3.21%
6 months
3.54%
Year to date
5.46%
1 year
3.21%
5 years
-14.22%
10 years
-17.02%
 

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 7,462 funds
Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

4% more capital invested

Capital invested by funds: $84M [Q1] → $87.4M (+$3.37M) [Q2]

0.49% more ownership

Funds ownership: 32.48% [Q1] → 32.97% (+0.49%) [Q2]

10% less funds holding

Funds holding: 67 [Q1] → 60 (-7) [Q2]

13% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 24

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Financial journalist opinion

Neutral
PRNewsWire
25 days ago
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions
CHARLOTTE, N.C. , Aug. 19, 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
Positive
Seeking Alpha
1 month ago
ERC: Paying Out More Than It Earns
I maintain my hold rating on ERC due to its questionable dividend coverage and ongoing risks from the high interest rate environment. ERC offers an attractive 9.3% yield and trades at a wider-than-average discount to NAV, but struggles with dividend sustainability and earnings coverage. The fund's aggressive leverage and high exposure to below-investment-grade debt increase risk, especially if interest rates remain elevated or defaults rise.
ERC: Paying Out More Than It Earns
Neutral
PRNewsWire
1 month ago
Allspring Closed-End Funds Declare Monthly Distributions and Announce a Portfolio Manager Change
CHARLOTTE, N.C. , July 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.
Allspring Closed-End Funds Declare Monthly Distributions and Announce a Portfolio Manager Change
Neutral
PRNewsWire
2 months ago
Allspring Closed-End Funds Declare Monthly Distributions
CHARLOTTE, N.C. , June 27, 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
Neutral
Seeking Alpha
4 months 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.
ERC: Relies On Interest Rate Cuts For Relief
Neutral
PRNewsWire
4 months 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.
Allspring Closed-End Funds Declare Monthly Distributions
Neutral
PRNewsWire
5 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.
Allspring Closed-End Funds Declare Monthly Distributions
Neutral
PRNewsWire
6 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.
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions
Positive
Seeking Alpha
6 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.
ERC: A Reasonable Option If You Even Want Bonds In A Portfolio
Neutral
PRNewsWire
7 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.
Allspring Closed-End Funds Declare Monthly Distributions
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