Allspring Multi-Sector Income Fund (ERC)
Allspring Multi-Sector Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Charlotte, NC, US. The stock last traded at $9.31, up 0.00% on the session, giving a market capitalisation of $261.2M. On trailing twelve-month figures it carries a trailing P/E of 9.70, a net margin of 97.0%. Its beta of 0.54 implies it has historically moved less than the broad market.
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.
Allspring Multi-Sector Income Fund is most often compared with the following Financial Services names: