Allspring Multi-Sector Income Fund

Allspring Multi-Sector Income Fundverified

ERC

Price:

$9.42

Market Cap:

$264.38M

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 PE Ratio as of September 2024 (TTM) for Allspring Multi-Sector Income Fund (ERC) is 11.63

According to Allspring Multi-Sector Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 11.63. This represents a change of -231.52% compared to the average of -8.84 of the last 4 quarters.

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

How has ERC PE Ratio performed in the past?

The mean historical PE Ratio of Allspring Multi-Sector Income Fund over the last ten years is -176.03. The current 11.63 PE Ratio has changed -760.67% with respect to the historical average. Over the past ten years (40 quarters), ERC's PE Ratio was at its highest in in the July 2014 quarter at 29.33. The PE Ratio was at its lowest in in the January 2015 quarter at -510.36.

Quarterly (TTM)
Annual

Average

-176.03

Median

8.77

Minimum

-1546.68

Maximum

15.75

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

Discovering the peaks and valleys of Allspring Multi-Sector Income Fund PE 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 = 28.24%

Maximum Annual PE Ratio = 15.75

Minimum Annual Increase = -13729.74%

Minimum Annual PE Ratio = -1546.68

Quarterly (TTM)
Annual
YearPE RatioChange
202312.05-380.27%
2022-4.30-149.49%
20218.69-103.31%
2020-262.21-2769.68%
20199.82-100.64%
2018-1546.68-13729.74%
201711.3528.24%
20168.85-164.78%
2015-13.66-186.74%
201415.75-35.79%

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

How has ERC PE Ratio performed in the past?

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

3-year avg

5.48

5-year avg

-47.19

10-year avg

-176.03

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

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

Allspring Multi-Sector Income Fund’s PE Ratio is greater than Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (4.74), greater than BNY Mellon High Yield Strategies Fund (1.16), greater than Pioneer High Income Fund, Inc. (3.01), greater than Allspring Utilities and High Income Fund (-515.02), greater than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (3.53), greater than First Trust/Abrdn Global Opportunity Income Fund (2.63), greater than Virtus Convertible & Income Fund II (1.48), less than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (33.02), greater than First Trust Senior Floating Rate Income Fund II (3.97), greater than Apollo Senior Floating Rate Fund Inc. (4.71), greater than Blackstone / GSO Long-Short Credit Income Fund (6.67), greater than Calamos Long/Short Equity & Dynamic Income Term Trust (0), greater than Eaton Vance Senior Floating-Rate Trust (8.75),

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