Wells Fargo Adv Multi-Sec Inc:ERC


    As of 2/5/2016

    52 Wk Avg$12.39$14.48-14.52%
    52 Wk High$13.73$15.66-10.91%
    52 Wk Low$10.51$12.53-18.00%
    Regular Distribution TypeIncome Only
    Distribution Rate10.46%
    Distribution Amount$0.0967
    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 2/5/2016

    Total Net Assets:$770.551M
    Total Common Assets:$540.407M
    Common Shares Outstanding:42,055,000

    As of 10/30/2015

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $230.000M
    Structural Leverage (USD): $230.000M
    Structural Leverage (%): 28.00%
    Effective Leverage (USD): $230.000M
    Effective Leverage (%): 28.00%
    Preferred Share Rates
    Date Symbol Series Rate Shares
    Annual Expense Ratios

    As of 10/31/2015

      Per Common Share
    Management Fees0.75%
    Other Expenses:0.15%
    Baseline Expense: 0.90%
    Interest Expense:0.34%
    Total: 1.24%

    Fund Management

    Fund Sponsor
    Wells Fargo Funds Management

    Portfolio Managers
    Ashok Bhatia (19 Jun 2015) / Chris Kauffman (05 Sep 2008) / Michael Lee (25 Jun 2003) / Niklas Nord

    Category:Taxable Income-Limited Duration
    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
    Fiscal Year End:October 31
    Third Party Links & Reports


    As of 2/5/2016

    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

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 10/31/2015
    Annualized Distribution Rate on NAV:
    As of 2/5/2016
    Total Return on NAV (12 months):
    As of 2/5/2016
    Avg. UNII Per Share:
    As of 10/31/2015
    Avg. Portfolio Coupon:
    As of 2/5/2016
    Total % Portfolio Effectively Leveraged:
    As of 2/5/2016

    Pricing Information

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

    As of 2/5/2016

    PeriodAvg Discount
    6 Month-15.65%
    1 Year-14.52%
    3 Year-11.89%
    5 Year-9.91%

    As of 2/5/2016

    3 Month0.70
    6 Month1.20
    1 Year0.30
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 2/5/2016
    Category: Limited Duration Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    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 2/5/2016
    Category: Limited Duration Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 2/5/2016
    Average Duration:
    As of 9/30/2015
    5.03 yrs
    Number of Holdings:
    As of 11/30/2015
    Annual Portfolio Turnover:
    As of 10/31/2015
    Asset Allocation

    As of 7/31/2015 reported by Fund Sponsor

    Top Sectors

    As of 7/31/2015 reported by Fund Sponsor

    Debt - Corp High Yield 58.63%
    Debt - Foreign Govt 17.37%
    Debt - Securitized Loans 11.96%
    Debt - Commer Mort Backed5.59%
    Debt - Foreign Corp 1.91%
    Debt - Agency 1.79%
    Debt - Short 1.68%
    Net Current Assets 0.76%
    Debt - Pref Shrs 0.14%
    Debt - Asset-Backed Sec 0.08%
    Top Holdings

    As of 11/30/2015 reported by Fund Sponsor

    HoldingValue% Portfolio
    Mex Bonos Desarr Fix Rt Bonds 06/18 4.75 4.75 14 Jun 2018$11.63M1.45%
    Poland Government Bond Bonds 04/20 1.5 1.50 25 Apr 2020$9.92M1.24%
    Sprint Cap 6.875% 6.88 15 Nov 2028$9.84M1.23%
    Brazil(Fed Rep Of) 10% 10.00 01 Jan 2017$9.85M1.23%
    Poland Government Bond Bonds 07/25 3.25 3.25 25 Jul 2025$9.65M1.20%
    Indonesia Government Sr Unsecured 04/19 7.88 15 Apr 2019$9.48M1.18%
    Sth Africa(Rep Of) 8% 8.00 21 Dec 2018$8.98M1.12%
    Romania(Rep Of) 5.85%$8.73M1.09%
    Ngpl Pipeco 144A 7.768% 7.77 15 Dec 2037$8.54M1.06%
    Dell Inc. Term Loan B2 4.50 29 Apr 2020$8.25M1.03%
    Greektown Hldgs L L C / Gree 144A 8.875% 8.88 15 Mar 2019$7.83M0.98%
    Credit Quality

    As of 9/30/2015 reported by Fund Sponsor

    Country Allocation

    As of 7/31/2015 reported by Fund Sponsor

    Country% Portfolio
    Global 71.96%
    USA 28.04%

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    Distribution type sourced from Morningstar. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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