Allspring Multi-Sector Income Fund

Allspring Multi-Sector Income Fundverified

ERC

Price:

$9.355

Market Cap:

$262.56M

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 Enterprise Value as of September 2024 (TTM) for Allspring Multi-Sector Income Fund (ERC) is 381.42M

According to Allspring Multi-Sector Income Fund’s latest financial reports and current stock price. The company's current Enterprise Value is 381.42M. This represents a change of 9.42% compared to the average of 348.58M of the last 4 quarters.

Allspring Multi-Sector Income Fund (ERC) Historical Enterprise Value (quarterly & annually)

How has ERC Enterprise Value performed in the past?

The mean historical Enterprise Value of Allspring Multi-Sector Income Fund over the last ten years is 579.40M. The current 381.42M Enterprise Value has changed 6.48% with respect to the historical average. Over the past ten years (40 quarters), ERC's Enterprise Value was at its highest in in the July 2014 quarter at 609.72M. The Enterprise Value was at its lowest in in the April 2019 quarter at 173.23M.

Quarterly (TTM)
Annual

Average

579.40M

Median

558.47M

Minimum

362.90M

Maximum

827.12M

Allspring Multi-Sector Income Fund (ERC) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Allspring Multi-Sector Income Fund Enterprise Value, 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 = 15.16%

Maximum Annual Enterprise Value = 827.12M

Minimum Annual Increase = -28.01%

Minimum Annual Enterprise Value = 362.90M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2023362.90M-2.07%
2022370.58M-28.01%
2021514.75M15.16%
2020447.00M-20.89%
2019565.02M2.37%
2018551.92M-19.11%
2017682.29M-7.69%
2016739.10M0.79%
2015733.32M-11.34%
2014827.12M-0.69%

Allspring Multi-Sector Income Fund (ERC) Average Enterprise Value

How has ERC Enterprise Value performed in the past?

The current Enterprise Value 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

416.08M

5-year avg

452.05M

10-year avg

579.40M

Allspring Multi-Sector Income Fund (ERC) Enterprise Value vs. Peers

How is ERC’s Enterprise Value compared to its peers?

Allspring Multi-Sector Income Fund’s Enterprise Value is greater than Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (255.94M), greater than BNY Mellon High Yield Strategies Fund (258.84M), greater than Pioneer High Income Fund, Inc. (339.34M), greater than Allspring Utilities and High Income Fund (132.20M), less than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (606.48M), greater than First Trust/Abrdn Global Opportunity Income Fund (82.46M), greater than Virtus Convertible & Income Fund II (275.33M), greater than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (92.43M), greater than First Trust Senior Floating Rate Income Fund II (299.28M), greater than Apollo Senior Floating Rate Fund Inc. (329.38M), greater than Blackstone / GSO Long-Short Credit Income Fund (242.50M), less than Calamos Long/Short Equity & Dynamic Income Term Trust (421.94M), less than Eaton Vance Senior Floating-Rate Trust (484.80M),

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Frequently asked questions❓

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