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ERC 
Allspring Multi Sector Income Fund (ERC)
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Upturn Advisory Summary
03/27/2025: ERC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type Stock | Historic Profit 9.9% | Avg. Invested days 48 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 259.44M USD | Price to earnings Ratio 6.78 | 1Y Target Price - |
Price to earnings Ratio 6.78 | 1Y Target Price - | ||
Volume (30-day avg) 92925 | Beta 0.69 | 52 Weeks Range 8.08 - 9.31 | Updated Date 04/1/2025 |
52 Weeks Range 8.08 - 9.31 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 8.84% | Basic EPS (TTM) 1.36 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 124.54% | Operating Margin (TTM) 91.1% |
Management Effectiveness
Return on Assets (TTM) 4.37% | Return on Equity (TTM) 13.99% |
Valuation
Trailing PE 6.78 | Forward PE - | Enterprise Value 377421504 | Price to Sales(TTM) 8.51 |
Enterprise Value 377421504 | Price to Sales(TTM) 8.51 | ||
Enterprise Value to Revenue 9.82 | Enterprise Value to EBITDA - | Shares Outstanding 28053800 | Shares Floating - |
Shares Outstanding 28053800 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 39.09 |
Analyst Ratings
Rating 3 | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Allspring Multi Sector Income Fund
Company Overview
History and Background
Allspring Multi-Sector Income Fund is a closed-end investment fund. It is managed by Allspring Global Investments. Further specific details on the fund's founding date and milestones require direct access to proprietary data sources.
Core Business Areas
- Fixed Income Investments: The fund primarily invests in a diverse portfolio of fixed-income securities across various sectors, including government bonds, corporate bonds, mortgage-backed securities, and high-yield bonds.
Leadership and Structure
Information on the fund's specific leadership team and organizational structure can be found on Allspring Global Investments' official website and regulatory filings.
Top Products and Market Share
Key Offerings
- Multi-Sector Income Fund: The fund aims to provide a high level of current income by allocating assets across multiple fixed-income sectors. Precise market share data is not publicly available at this granular fund level. Competitors include other multi-sector bond funds managed by firms like BlackRock, PIMCO, and Fidelity.
Market Dynamics
Industry Overview
The fixed-income market is influenced by interest rates, economic growth, inflation, and credit spreads. Multi-sector bond funds aim to capitalize on opportunities across various segments of the fixed-income universe.
Positioning
Allspring Multi Sector Income Fund aims to provide competitive income generation relative to its peers by utilizing Allspring Global Investments' investment expertise across fixed-income asset classes.
Total Addressable Market (TAM)
The total addressable market for fixed income is in the trillions. This fund's position is relative to the total assets managed within multi-sector fixed income funds.
Upturn SWOT Analysis
Strengths
- Diversified investment strategy
- Experienced management team at Allspring Global Investments
- Potential for higher income than traditional bond funds
Weaknesses
- Exposure to credit risk and interest rate risk
- Complexity of multi-sector investing
- Potential for lower capital appreciation compared to equity investments
Opportunities
- Expanding demand for income-generating investments
- Increasing sophistication of fixed-income markets
- Potential to capitalize on market inefficiencies
Threats
- Rising interest rates
- Economic recession
- Increased competition from other investment products
- Credit rating downgrades
Competitors and Market Share
Key Competitors
- BlackRock (BLK)
- PIMCO (Allianz SE - AZN.DE)
- Fidelity (Private)
Competitive Landscape
The competitive landscape involves funds with similar strategies. Allspring differentiates itself through its investment process and experience. Market share data is not readily available at the individual fund level.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth requires fund-specific performance data that is not directly available in a compiled format.
Future Projections: Future projections require access to analyst reports and financial models, which are not available.
Recent Initiatives: Recent initiatives are specific to the fund's management strategy and would be disclosed in fund reports.
Summary
Allspring Multi Sector Income Fund aims to provide income through a diversified portfolio of fixed-income securities. Its success depends on Allspring's investment management expertise and the prevailing market conditions. Potential challenges include rising interest rates and credit risk. Detailed financial data and performance figures require access to fund-specific reports. Due to the nature of being a fund, the lack of publicly available information hinders an extensive analysis of the company.
Similar Companies
- BLK
- AZN.DE
- JPM
Sources and Disclaimers
Data Sources:
- Allspring Global Investments Website
- SEC Filings
- Financial News Outlets (general industry information)
Disclaimers:
This analysis is based on publicly available information. Specific fund data may not be readily accessible. Investment decisions should be based on thorough research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Allspring Multi Sector Income Fund
Exchange NYSE MKT | Headquaters Charlotte, NC, United States | ||
IPO Launch date 2003-06-25 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website |
Full time employees - | Website | ||
Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc. and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds. Allspring Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States.
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