Allspring Multi-Sector Income Fund

Allspring Multi-Sector Income Fundverified

ERC

Price:

$8.97

Market Cap:

$251.75M

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.[Read more]

Industry

Asset Management - Income

IPO Date

2003-06-25

Stock Exchange

NYSE

Ticker

ERC

The Current Ratio as of December 2024 (TTM) for Allspring Multi-Sector Income Fund (ERC) is 0

According to Allspring Multi-Sector Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 0. This represents a change of -100.00% compared to the average of 0.68 of the last 4 quarters.

Allspring Multi-Sector Income Fund (ERC) Historical Current Ratio (quarterly & annually)

How has ERC Current Ratio performed in the past?

The mean historical Current Ratio of Allspring Multi-Sector Income Fund over the last ten years is 1.37. The current 0 Current Ratio has changed -100.00% with respect to the historical average. Over the past ten years (40 quarters), ERC's Current Ratio was at its highest in in the April 2017 quarter at 3.36. The Current Ratio was at its lowest in in the April 2024 quarter at 0.

Quarterly (TTM)
Annual

Average

1.37

Median

1.36

Minimum

0.89

Maximum

1.96

Allspring Multi-Sector Income Fund (ERC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Allspring Multi-Sector Income Fund Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 110.34%

Maximum Annual Current Ratio = 1.96

Minimum Annual Increase = -36.42%

Minimum Annual Current Ratio = 0.89

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.24-29.67%
20221.7695.80%
20210.900.42%
20200.89-1.52%
20190.91-36.42%
20181.43-21.01%
20171.8121.12%
20161.4916.36%
20151.28-34.65%
20141.96110.34%

Allspring Multi-Sector Income Fund (ERC) Average Current Ratio

How has ERC Current Ratio performed in the past?

The current Current Ratio of Allspring Multi-Sector Income Fund (ERC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.30

5-year avg

1.14

10-year avg

1.37

Allspring Multi-Sector Income Fund (ERC) Current Ratio vs. Peers

How is ERC’s Current Ratio compared to its peers?

Allspring Multi-Sector Income Fund’s Current Ratio is less than Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (0), less than BNY Mellon High Yield Strategies Fund (1.20), less than Pioneer High Income Fund, Inc. (2.03), less than Allspring Utilities and High Income Fund (0), less than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (0), less than First Trust/Abrdn Global Opportunity Income Fund (0), less than Virtus Convertible & Income Fund II (0.34), less than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (0), less than First Trust Senior Floating Rate Income Fund II (0.41), less than Apollo Senior Floating Rate Fund Inc. (6.08), less than Blackstone / GSO Long-Short Credit Income Fund (0), less than Calamos Long/Short Equity & Dynamic Income Term Trust (0), less than Eaton Vance Senior Floating-Rate Trust (0.10),

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Frequently asked questions❓

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