Wells Fargo Adv Multi-Sec Inc:ERC

    Overview

    As of 9/12/2014

     Share
    Price
    NAVPremium/
    Discount
    Current$14.32$16.19-11.55%
    52 Wk Avg$14.45$16.34-11.56%
    52 Wk High$14.99$16.72-9.31%
    52 Wk Low$13.68$15.94-14.59%
    Regular Distribution TypeIncome Only
    Distribution Rate8.35%
    Distribution Amount$0.1000
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high current income consistent with limiting its exposure to domestic interest rate risk through investment in non investment grade US debt securities loans and preferred stocks

    Capital Structure

    As of 9/12/2014

    Total Net Assets:$911.059M
    Total Common Assets:$680.870M
    Common Shares Outstanding:42,055,000
    Leverage

    As of 4/30/2014

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $230.000M
    Structural Leverage (USD): $230.000M
    Structural Leverage (%): 24.97%
    Effective Leverage (USD): $230.000M
    Effective Leverage (%): 24.97%
    Preferred Share Rates
    Date Symbol Series Rate Shares
    Annual Expense Ratios

    As of 10/31/2013

      Per Common Share
    Management Fees0.73%
    Other Expenses:0.45%
    Baseline Expense: 1.17%
    Interest Expense:0.07%
    Total: 1.25%

    Fund Management

    Fund Sponsor
    Wells Fargo Funds Management

    Portfolio Managers
    Janet Rilling (17 Nov 2011)

    Basics
    Category:Taxable Income-Limited Duration
    Ticker:ERC
    NAV Ticker:XERCX
    Average Daily Volume (shares):
    Average Daily Volume (USD): 
    Inception Date:6/25/2003
    Inception Share Price:$20.00
    Inception NAV:$19.06
    Tender Offer:No
    Term:No
    Fiscal Year End:October 31
    Third Party Links & Reports

    Distributions

    As of 9/12/2014

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC
    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 4/30/2014
    $0.0951
    Annualized Distribution Rate on NAV:
    As of 9/12/2014
    7.39%
    Total Return on NAV (12 months):
    As of 9/12/2014
    9.38%
    Avg. UNII Per Share:
    As of 4/30/2014
    -$0.1158
    Avg. Portfolio Coupon:
    As of 9/12/2014
    4.68%
    Total % Portfolio Effectively Leveraged:
    As of 9/12/2014
    24.97%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 9/12/2014

    PeriodAvg Discount
    6 Month-10.86%
    1 Year-11.56%
    3 Year-8.29%
    5 Year-7.85%
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/12/2014
    Category: Limited Duration Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD8.33%5.91%4.40%5.00%
    2013-5.85%0.73%-3.04%4.12%
    201218.16%16.52%18.27%13.04%
    20114.67%4.84%3.77%3.92%
    201017.79%12.97%16.44%13.11%
    200954.92%39.59%64.61%50.19%
    2008-20.31%-20.02%-24.01%-25.31%
    2007-0.62%4.68%-6.66%3.47%
    200617.79%7.82%19.83%8.35%
    2005-6.18%-2.50%-7.64%2.35%
    20047.94%13.00%11.16%8.74%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/12/2014
    Category: Limited Duration Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 9/12/2014
    4.68%
    Average Duration:
    As of 6/30/2014
    5.58 yrs
    Number of Holdings:
    As of 7/31/2014
    686
    Annual Portfolio Turnover:
    As of 10/31/2013
    40.00%
    Asset Allocation

    As of 4/30/2014 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2014 reported by Fund Sponsor

    Sector%Portfolio
    Debt - Corporate 49.65%
    Debt - Foreign Govt 19.29%
    Debt - Securitized Loans 12.03%
    Debt - Commer Mort Backed5.56%
    Debt - Corp High Yield 4.90%
    Debt - Short 3.58%
    Debt - Foreign Corp 2.83%
    Debt - Agency 1.73%
    Debt - Pref Shrs 0.13%
    General Equity 0.10%
    Top Holdings

    As of 7/31/2014 reported by Fund Sponsor

    HoldingValue% Portfolio
    Wfa Cash Inv Mm Fund Par 3800 9.50 26 Jun 2020$23.38M2.55%
    Poland Government Bond Bonds 07/19 3.25 3.25 25 Jul 2019$16.77M1.83%
    Txu Us Hldgs Co Non Extended Term Loan 1.00 10 Oct 2014$15.30M1.67%
    Sprint Cap 6.875% 6.88 15 Nov 2028$13.32M1.45%
    Brazil Federative Rep 10% 10.00 01 Jan 2025$10.25M1.12%
    Sth Africa(Rep Of) 8% 8.00 21 Dec 2018$9.62M1.05%
    Thailand(Kingdom) 3.25% 3.25 16 Jun 2017$8.77M0.95%
    Nota Do Tesouro Nacional Notes 01/19 10 10.00 01 Jan 2019$8.51M0.93%
    Turkey Government Bond Bonds 06/18 8.3 8.30 20 Jun 2018$8.45M0.92%
    Dell Intl Llc Term Loan B 1.00 29 Apr 2020$8.36M0.91%
    Pln140909 09 Sep 2014$7.10M0.77%
    Credit Quality

    As of 6/30/2014 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2014 reported by Fund Sponsor

    Country% Portfolio
    USA 77.87%
    Global 22.14%

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