Allspring Multi-Sec Inc:ERC

    Manage Alerts

    Overview

    As of 6/7/2023. NAV as of 6/6/2023.

     Share
    Price    		NAVPremium/
    Discount
    Current$8.91$9.81-9.38%
    52 Wk Avg$9.47$9.75-2.85%
    52 Wk High$10.60$10.424.02%
    52 Wk Low$8.27$9.22-9.98%
    Regular Distribution Type†Income Only
    Distribution RateN/A
    Distribution Amount 
    Distribution Frequency 
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund allocates its assets between three separate investment strategies, or sleeves. Under normal market conditions, the Fund allocates approximately 30%-70% of its total assets to a sleeve consisting of below investment-grade (high yield) debt; approximately 10%-40% to a sleeve of foreign debt securities, including emerging market debt; and approximately 10%-30% to a sleeve of adjustable-rate and fixed-rate mortgage backed securities, and investment-grade corporate bonds.

    Capital Structure

    As of 6/7/2023

    Total Investment Exposure:$394.144M
    Total Common Assets:$275.144M
    Common Shares Outstanding:28,047,312
    Leverage

    As of 6/6/2023

    Preferred Share Assets:
    Total Debt (USD): $119.000M
    Regulatory Leverage (USD): $119.000M
    Effective Leverage (USD): $119.000M
    Effective Leverage (%): 30.19%
    Annual Expense Ratios

    As of 10/31/2022

      Per Common Share
    Management Fees0.79%
    Other Expenses:0.11%
    Baseline Expense: N/A
    Interest Expense:0.74%
    Total: 1.64%
    Fund Management

    Fund Sponsor
    Allspring Global Investments

    Portfolio Managers
    Michael Lee, Alex Perrin, Christopher T Lee, Christopher Y. Kauffman, Michael J. Schueller, Noah M. Wise, Henrietta Pacquement, Lauren van Biljon

    Basics
    Category: Fixed Income - Taxable-Limited Duration
    Ticker: ERC
    NAV Ticker: XERCX
    Average Daily Volume (shares): 71,021
    Average Daily Volume (USD): $0.671M
    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

    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.

    to
    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†
    ERROR: No data

    Pricing Information

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

    As of 6/7/2023

    PeriodAvg Discount
    6 Month-3.09%
    1 Year-2.85%
    3 Year-2.97%
    5 Year-4.86%
    Z-Score

    As of 6/7/2023

    PeriodZStat
    3 Month-1.09
    6 Month-1.36
    1 Year-1.63
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2023
    Category: Morningstar US CEF Limited Duration

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-6.59%4.40%2.63%3.40%
    2022-17.65%-14.60%-18.02%-12.74%
    202118.14%3.16%13.19%4.96%
    20203.42%6.61%4.56%4.70%
    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%  
    200954.92%39.59%  
    2008-20.31%-20.02%  
    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 5/31/2023
    Category: Morningstar US CEF Limited Duration

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    AMT:
    As of 5/31/2023    		0.00%
    Average Coupon:
    As of 6/6/2023    		5.37%
    Average Maturity:
    As of 5/31/2023    		5.01 yrs
    Number of Holdings:
    As of 5/31/2023    		417
    Annual Portfolio Turnover:
    As of 10/31/2022    		40.00%
    Average Bond Price:
    As of 5/31/2023    		$92.29
    Asset Allocation

    As of 5/31/2023

    Top Sectors

    As of 5/31/2023

    Sector%Portfolio
    Corporate (Super Sector)69.12%
    Corporate Bond55.40%
    Government (Super Sector)20.89%
    Government16.93%
    Bank Loan13.72%
    Securitized (Super Sector)7.10%
    Asset Backed4.16%
    Government Related3.95%
    Cash Equivalents (Super Sector)2.57%
    Cash Equivalents2.57%
    Top Holdings

    As of 5/31/2023

    HoldingValue% Portfolio
    Mexico (United Mexican States) 8.5%$11.13M2.86%
    India (Rep Of) 7.32%$8.59M2.20%
    Indonesia (Republic of) 7%$7.95M2.04%
    International Bank for Reconstruction and Development 6.75%$6.89M1.77%
    Romania (Republic Of) 3.65%$6.56M1.68%
    GEO GROUP INC 2022 TRANCHE 1 TERM LOAN$4.92M1.26%
    Colombia (Republic of) 7.5%$4.66M1.20%
    Mexico (United Mexican States) 7.75%$4.51M1.16%
    Hungary (Republic Of) 1.5%$4.41M1.13%
    New Zealand (Government Of) 3.5%$3.95M1.01%
    Credit Quality

    As of 5/31/2023

    Maturity Breakdown

    As of 5/31/2023

    Country Allocation

    As of 5/31/2023

    Country% Portfolio
    United States - Fixed Income56.22%
    Others - Fixed Income6.92%
    Mexico - Fixed Income4.02%
    Indonesia - Fixed Income2.55%
    Colombia - Fixed Income2.41%
    India - Fixed Income2.39%
    Canada - Fixed Income1.84%
    Hungary - Fixed Income1.13%
    New Zealand - Fixed Income1.01%
    Ireland - Fixed Income0.72%
    China - Fixed Income0.54%
    United Kingdom - Fixed Income0.45%
    Netherlands - Fixed Income0.40%
    Israel - Fixed Income0.40%
    United States - Equity0.32%
    Germany - Fixed Income0.26%
    Australia - Fixed Income0.25%
    Japan - Fixed Income0.16%
    Malaysia - Fixed Income0.15%
    Spain - Fixed Income0.15%
    France - Fixed Income0.10%

    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-2036301PR-E0222X

    Powered by Morningstar

    View Morningstar Notice and Disclaimer