Allspring Multi-Sec Inc:ERC

    Manage Alerts

    Overview

    As of 12/20/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$8.88$9.80-9.39%
    52 Wk Avg$9.21$10.00-7.87%
    52 Wk High$9.60$10.19-4.67%
    52 Wk Low$8.77$9.75-10.77%
    Regular Distribution TypeIncome Only
    Distribution Rate9.84%
    Distribution Amount$0.0728
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks a high level of current income consistent with limiting its overall exposure to domestic interest rate risk.

    Capital Structure

    As of 12/20/2024

    Total Investment Exposure:$393.964M
    Total Common Assets:$274.964M
    Common Shares Outstanding:28,057,569
    Leverage

    As of 12/20/2024

    Preferred Share Assets:
    Total Debt (USD): $119.000M
    Regulatory Leverage (USD): $119.000M
    Effective Leverage (USD): $119.000M
    Effective Leverage (%): 30.21%
    Annual Expense Ratios

    As of 10/31/2024

      Per Common Share
    Management Fees0.79%
    Other Expenses:0.17%
    Baseline Expense: N/A
    Interest Expense:2.44%
    Total: 3.40%
    Fund Management

    Fund Sponsor
    Allspring Global Investments

    Portfolio Managers
    Christopher T Lee, Christopher Y. Kauffman, Michael J. Schueller, Noah M. Wise, Lauren van Biljon, Adam Hicks

    Basics
    Category: Fixed Income - Taxable-Limited Duration
    Ticker: ERC
    NAV Ticker: XERCX
    Average Daily Volume (shares): 91,239
    Average Daily Volume (USD): $0.838M
    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 12/20/2024

    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 4/30/2024
    $0.3599
    Annualized Distribution Rate on NAV:
    As of 12/20/2024
    8.91%
    Total Return on NAV (12 months):
    As of 12/20/2024
    9.62%
    Avg. Portfolio Coupon:
    As of 12/20/2024
    6.75%
    Total % Portfolio Effectively Leveraged:
    As of 12/20/2024
    30.21%

    Pricing Information

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

    As of 12/20/2024

    PeriodAvg Discount
    6 Month-8.04%
    1 Year-7.87%
    3 Year-5.22%
    5 Year-4.65%
    Z-Score

    As of 12/20/2024

    PeriodZStat
    3 Month-1.64
    6 Month-1.49
    1 Year-1.26
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/30/2024
    Category: Morningstar US CEF Limited Duration

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD4.13%5.05%13.53%8.08%
    20234.90%15.14%12.76%12.56%
    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%  
    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 11/30/2024
    Category: Morningstar US CEF Limited Duration

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    AMT:
    As of 11/30/2024
    0.00%
    Average Coupon:
    As of 12/20/2024
    6.75%
    Average Maturity:
    As of 11/30/2024
    4.32 yrs
    Number of Holdings:
    As of 11/30/2024
    472
    Annual Portfolio Turnover:
    As of 10/31/2024
    42.00%
    Average Bond Price:
    As of 11/30/2024
    $97.42
    Asset Allocation

    As of 11/30/2024

    Top Sectors

    As of 11/30/2024

    Sector%Portfolio
    Corporate (Super Sector)68.64%
    Corporate Bond54.61%
    Government (Super Sector)20.06%
    Bank Loan13.17%
    Government12.56%
    Government Related7.50%
    Securitized (Super Sector)7.18%
    Asset Backed3.59%
    Cash Equivalents (Super Sector)3.29%
    Cash Equivalents3.29%
    Top Holdings

    As of 11/30/2024

    HoldingValue% Portfolio
    Indonesia (Republic of) 7%$7.29M1.84%
    International Bank for Reconstruction & Development 9.5%$6.68M1.68%
    Colombia (Republic Of) 5.75%$4.93M1.24%
    Hungary (Republic Of) 9.5%$4.25M1.07%
    New Zealand (Government Of) 4.25%$3.81M0.96%
    Mexico (United Mexican States) 7.75%$3.77M0.95%
    Colombia (Republic Of) 7.75%$3.43M0.86%
    European Investment Bank 6.5%$3.17M0.80%
    Romania (Republic Of) 7.35%$3.13M0.79%
    Romania (Republic Of) 7.2%$3.10M0.78%
    Credit Quality

    As of 11/30/2024

    Maturity Breakdown

    As of 11/30/2024

    Country Allocation

    As of 11/30/2024

    Country% Portfolio
    United States - Fixed Income52.38%
    Others - Fixed Income9.32%
    Mexico - Fixed Income2.79%
    Colombia - Fixed Income2.66%
    Canada - Fixed Income2.59%
    Indonesia - Fixed Income2.31%
    United Kingdom - Fixed Income1.13%
    Hungary - Fixed Income1.07%
    New Zealand - Fixed Income0.96%
    Netherlands - Fixed Income0.82%
    France - Fixed Income0.70%
    China - Fixed Income0.51%
    Ireland - Fixed Income0.47%
    Germany - Fixed Income0.37%
    Italy - Fixed Income0.36%
    United States - Equity0.31%
    Chile - Fixed Income0.30%
    Japan - Fixed Income0.30%
    Switzerland - Fixed Income0.29%
    Israel - Fixed Income0.26%
    Australia - Fixed Income0.25%
    Norway - Fixed Income0.19%
    Malaysia - Fixed Income0.17%
    Brazil - Fixed Income0.16%
    Spain - Fixed Income0.13%

    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.

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