Wells Fargo Multi-Sec Inc:ERC

    Manage Alerts

    Overview

    As of 10/23/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$11.07$12.31-10.07%
    52 Wk Avg$11.44$12.30-7.28%
    52 Wk High$13.35$13.430.83%
    52 Wk Low$6.94$9.82-25.88%
    Regular Distribution TypeIncome Only
    Distribution Rate10.12%
    Distribution Amount$0.0934
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Under normal market conditions, the Fund invests approximately 50% of its total assets in below investment grade (high yield) U.S. debt securities, loans and preferred stocks. It invests approximately 25% of its total assets in foreign debt securities including obligations of foreign governments or governmental entities, foreign corporations or supranational agencies denominated in various currencies. Approximately 25% of its total assets is invested in securities that have interest rates that re-set at periodic intervals including mortgage-backed securities, asset-backed securities and collateralized mortgage obligations issued or guaranteed by the U.S. government. Effective 14-May-07 a new investment policy that will allow a more flexible approach to the sectors allocation will be adopted. The new policy will not fix the sectors percentages and will allow an allocation range between 20-60% for each sector.

    Capital Structure

    As of 10/23/2020

    Total Investment Exposure:$495.189M
    Total Common Assets:$369.689M
    Common Shares Outstanding:30,080,436
    Leverage

    As of 10/22/2020

    Preferred Share Assets:
    Total Debt (USD): $125.500M
    Regulatory Leverage (USD): $125.500M
    Effective Leverage (USD): $125.500M
    Effective Leverage (%): 25.34%
    Annual Expense Ratios

    As of 10/31/2019

      Per Common Share
    Management Fees0.78%
    Other Expenses:0.19%
    Baseline Expense: N/A
    Interest Expense:1.32%
    Total: 2.29%
    Fund Management

    Fund Sponsor
    Wells Fargo

    Portfolio Managers
    Michael Lee, Alex Perrin, Christopher Y. Kauffman, Niklas Nordenfelt, Noah M. Wise, Lauren van Biljon, Peter Malcom Wilson, Philip Susser

    Basics
    Category: Fixed Income - Taxable-Limited Duration
    Ticker: ERC
    NAV Ticker: XERCX
    Average Daily Volume (shares): 125,245
    Average Daily Volume (USD): $1.399M
    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 10/23/2020

    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 4/30/2020
    $0.3786
    Annualized Distribution Rate on NAV:
    As of 10/23/2020
    9.10%
    Total Return on NAV (12 months):
    As of 10/23/2020
    0.27%
    Avg. Portfolio Coupon:
    As of 10/23/2020
    5.17%
    Total % Portfolio Effectively Leveraged:
    As of 10/23/2020
    25.34%

    Pricing Information

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

    As of 10/23/2020

    PeriodAvg Discount
    6 Month-8.97%
    1 Year-7.28%
    3 Year-7.88%
    5 Year-8.68%
    Z-Score

    As of 10/23/2020

    PeriodZStat
    3 Month-0.93
    6 Month-0.65
    1 Year-0.72
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2020
    Category: Morningstar US CEF Limited Duration

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-10.61%-2.99%-6.77%-2.54%
    201928.04%15.34%22.78%12.22%
    2018-5.69%-2.22%-7.45%-1.27%
    201711.98%10.17%12.86%9.16%
    201624.38%16.23%19.16%12.54%
    2015-8.92%-7.97%-3.04%-2.38%
    20145.35%3.45%0.88%3.52%
    2013-5.85%0.73%-1.23%5.24%
    201218.16%16.52%19.07%16.27%
    20114.67%4.84%5.85%4.21%
    201017.79%12.97%22.82%18.02%
    200954.92%39.59%55.22%46.93%
    2008-20.31%-20.02%-23.17%-26.04%
    2007-0.62%4.68%  
    200617.79%7.82%  
    2005-6.18%-2.50%  
    20047.94%13.00%  
    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 9/30/2020
    Category: Morningstar US CEF Limited Duration

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 10/23/2020
    5.17%
    Number of Holdings:
    As of 8/31/2020
    577
    Annual Portfolio Turnover:
    As of 10/31/2019
    26.00%
    Average Bond Price:
    As of 8/31/2020
    $88.01
    Asset Allocation

    As of 8/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 8/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)69.52%
    Corporate Bond55.53%
    Government (Super Sector)23.08%
    Government19.33%
    Bank Loan13.31%
    Securitized (Super Sector)4.83%
    Government Related3.75%
    Government Commercial Mortgage Backed3.10%
    Cash Equivalents (Super Sector)1.61%
    Cash Equivalents1.61%
    Top Holdings

    As of 8/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Romania (Republic Of) 3.25%$11.27M2.34%
    Mexico (United Mexican States) 8.5%$10.80M2.24%
    India (Republic of) 7.32%$10.32M2.14%
    Malaysia (Government Of) 4.23%$9.82M2.04%
    Indonesia(Rep Of) 8.38%$8.42M1.75%
    Republic of Colombia 7.5%$6.97M1.45%
    Russian Federation 6.9%$5.77M1.20%
    Russian Federation 6.5%$5.55M1.15%
    Mexico (United Mexican States) 5.75%$5.47M1.13%
    Romania (Republic Of) 5%$5.32M1.10%
    Credit Quality

    As of 8/31/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 8/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 8/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income56.39%
    Others - Fixed Income6.57%
    Mexico - Fixed Income3.51%
    Indonesia - Fixed Income3.48%
    Colombia - Fixed Income2.35%
    Russia - Fixed Income2.35%
    India - Fixed Income2.14%
    Malaysia - Fixed Income2.04%
    Canada - Fixed Income1.81%
    United States - Equity0.89%
    Germany - Fixed Income0.86%
    Israel - Fixed Income0.53%
    Switzerland - Fixed Income0.30%
    France - Fixed Income0.27%
    Netherlands - Fixed Income0.18%
    Chile - Fixed Income0.14%
    United Kingdom - Fixed Income0.12%
    Ireland - Fixed Income0.04%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. 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.

    EWB-1014244PR-E1119W