Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
25 June 2003Website:
Next earnings report:
N/ALast dividends:
15 October 2024Next dividends:
12 November 2024Price
regular market | Thu, 31 Oct 2024 20:00:00 GMTAnalysts recommendations
Institutional Ownership
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ERC Latest News
The Allspring Multi-Sector Income Fund offers an 8.44% yield and invests in diverse bond sectors, including emerging markets, providing a better risk-reward profile than other bond funds. The ERC fund's recent performance has been modest, underperforming some indices but benefiting from its high yield, which boosts total returns. The fund introduced some changes to its portfolio during the second quarter that may not have been the best moves.
The Allspring Multi-Sector Income Fund provides a generous current income at an 8.75% yield, outperforming U.S. Treasury securities and many junk bonds. However, the fund's yield is slightly lower compared to other similar funds, which could discourage investors looking for extremely high income. Despite a disappointing past performance showing a 29.19% decrease over the last three years, it may not accurately represent investor returns due to the fund's distribution policy.
What type of business is Allspring Multi-Sector Income Fund?
Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc. and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds. Allspring Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States.
What sector is Allspring Multi-Sector Income Fund in?
Allspring Multi-Sector Income Fund is in the Financial Services sector
What industry is Allspring Multi-Sector Income Fund in?
Allspring Multi-Sector Income Fund is in the Asset Management industry
What country is Allspring Multi-Sector Income Fund from?
Allspring Multi-Sector Income Fund is headquartered in United States
When did Allspring Multi-Sector Income Fund go public?
Allspring Multi-Sector Income Fund initial public offering (IPO) was on 25 June 2003
Is Allspring Multi-Sector Income Fund in the S&P 500?
No, Allspring Multi-Sector Income Fund is not included in the S&P 500 index
Is Allspring Multi-Sector Income Fund in the NASDAQ 100?
No, Allspring Multi-Sector Income Fund is not included in the NASDAQ 100 index
Is Allspring Multi-Sector Income Fund in the Dow Jones?
No, Allspring Multi-Sector Income Fund is not included in the Dow Jones index
When was Allspring Multi-Sector Income Fund the previous earnings report?
No data
When does Allspring Multi-Sector Income Fund earnings report?
Next earnings report date is not announced yet