Wells Fargo Adv Multi-Sec Inc:ERC


    As of 4/25/2018

    52 Wk Avg$13.22$14.36-7.92%
    52 Wk High$13.61$14.62-5.68%
    52 Wk Low$12.68$13.92-10.21%
    Regular Distribution TypeIncome Only
    Distribution Rate10.00%
    Distribution Amount$0.1080
    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 4/25/2018

    Total Net Assets:$673.360M
    Total Common Assets:$486.360M
    Common Shares Outstanding:34,939,684

    As of 10/31/2017

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $187.000M
    Structural Leverage (USD): $187.000M
    Structural Leverage (%): 27.26%
    Effective Leverage (USD): $187.000M
    Effective Leverage (%): 27.26%
    Annual Expense Ratios

    As of 10/31/2017

      Per Common Share
    Management Fees0.75%
    Other Expenses:0.30%
    Baseline Expense: 1.06%
    Interest Expense:0.61%
    Total: 1.67%
    Fund Management

    Fund Sponsor
    Wells Fargo Funds Management

    Portfolio Managers
    Chris Kauffman (05 Sep 2008) / Michael Lee (25 Jun 2003) / Niklas Nordenfelt (09 Jul 2010) / Alex Perrin (25 Jun 2003) / Phil Susser (09 Jul 2010) / Christopher Wightman (29 Jun 2012) / Noah Wise (14 Jan 2015)

    Category: Taxable Income-Limited Duration
    Ticker: ERC
    NAV Ticker: XERCX
    Average Daily Volume (shares): 155,000
    Average Daily Volume (USD): $2.048M
    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


    As of 4/25/2018

    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 10/31/2017
    Annualized Distribution Rate on NAV:
    As of 4/25/2018
    Total Return on NAV (12 months):
    As of 4/25/2018
    Avg. UNII Per Share:
    As of 10/31/2017
    Avg. Portfolio Coupon:
    As of 4/25/2018
    Total % Portfolio Effectively Leveraged:
    As of 4/25/2018

    Pricing Information

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

    As of 4/25/2018

    PeriodAvg Discount
    6 Month-8.39%
    1 Year-7.92%
    3 Year-10.50%
    5 Year-10.83%

    As of 4/26/2018

    3 Month1.80
    6 Month2.30
    1 Year1.30
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 4/25/2018
    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 4/25/2018
    Category: Limited Duration Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 4/25/2018
    Number of Holdings:
    As of 2/28/2018
    Annual Portfolio Turnover:
    As of 10/31/2017
    Asset Allocation

    As of 1/31/2016 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2017 reported by Fund Sponsor

    Corporate Bonds 54.00%
    Foreign Government Bonds 14.70%
    Loans 14.40%
    YankeeCorpBonds&Notes 7.70%
    Non-Agency MBS 3.60%
    Agencies 1.70%
    Government Agency Debt 1.50%
    Foreign Bonds-Corporate 1.40%
    Common Stocks 0.80%
    Asset Backed Securities 0.20%
    Top Holdings

    As of 2/28/2018 reported by Fund Sponsor

    HoldingValue% Portfolio
    Wells Fargo Government MMkt Select 1.23$15.60M2.28%
    Malaysia Government Sr Unsecured 06/31 4 4.23 30 Jun 2031$12.78M1.87%
    Mex Bonos Desarr Fix Rt Bonds 11/47 8 8.00 07 Nov 2047$11.65M1.70%
    Lpl Hldgs 144A 5.75% 5.75 15 Sep 2025$10.15M1.48%
    Indonesia Government Sr Unsecured 04/19 7.88 15 Apr 2019$10.02M1.47%
    Indonesia(Rep Of) 8.375% 8.38 15 Sep 2026$8.82M1.29%
    Titulos De Tesoreria B Bonds 08/26 7.5 7.50 26 Aug 2026$8.38M1.23%
    Ngpl Pipeco 144A 7.768% 7.77$7.88M1.15%
    India(Govt Of) 7.8% 7.80 11 Apr 2021$6.79M0.99%
    Titulos De Tesoreria B Bonds 05/22 7 7.00 04 May 2022$6.78M0.99%
    Titulos De Tesoreria B Bonds 09/19 7 7.00 11 Sep 2019$6.66M0.97%
    Credit Quality

    As of 12/31/2017 reported by Fund Sponsor

    Country Allocation

    As of 1/31/2016 reported by Fund Sponsor

    Country% Portfolio
    USA 81.98%
    Global 18.02%

    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.


    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.

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