Allspring Multi-Sector Income Fund (ERC) Stock

About Allspring Multi-Sector Income Fund

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 headquartered in US.

Allspring Multi-Sector Income Fund (ERC) stock trades at $9.15 with a market capitalization of $256.69M. The stock is valued at a price-to-earnings (P/E) ratio of 9.53, price-to-book of 0.93, price-to-sales of 9.24. Over the past 52 weeks the stock has ranged between $8.72 and $9.78, and currently trades 6.4% below its 52-week high. It pays a dividend yielding 9.51%.

On profitability, Allspring Multi-Sector Income Fund generates a return on equity (ROE) of 9.66%, return on capital employed of 8.12%, an operating margin of 117.12%, a net profit margin of 97.03%.

Official website: www.allspringglobal.com/investments/fixed-income/closed-end-funds/multi-sector-income/