ERC
Price:
$9.18
Market Cap:
$257.53M
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.
Industry
Asset Management - Income
IPO Date
2003-06-25
Stock Exchange
NYSE
Ticker
ERC
According to Allspring Multi-Sector Income Fund’s latest financial reports and current stock price. The company's current ROE is 13.66%. This represents a change of 160.10% compared to the average of 5.25% of the last 4 quarters.
The mean historical ROE of Allspring Multi-Sector Income Fund over the last ten years is 3.35%. The current 13.66% ROE has changed 307.97% with respect to the historical average. Over the past ten years (40 quarters), ERC's ROE was at its highest in in the October 2020 quarter at 13.00%. The ROE was at its lowest in in the April 2020 quarter at -13.73%.
Average
3.35%
Median
8.22%
Minimum
-22.02%
Maximum
13.60%
Discovering the peaks and valleys of Allspring Multi-Sector Income Fund ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 76.70%
Maximum Annual ROE = 13.60%
Minimum Annual Increase = -17409.72%
Minimum Annual ROE = -22.02%
Year | ROE | Change |
---|---|---|
2024 | 13.60% | 76.70% |
2023 | 7.70% | -134.94% |
2022 | -22.02% | -279.65% |
2021 | 12.26% | -3695.83% |
2020 | -0.34% | -103.45% |
2019 | 9.88% | -17409.72% |
2018 | -0.06% | -100.65% |
2017 | 8.75% | -12.26% |
2016 | 9.97% | -259.97% |
2015 | -6.23% | -211.31% |
The current ROE of Allspring Multi-Sector Income Fund (ERC) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
-0.24%
5-year avg
2.24%
10-year avg
3.35%
Allspring Multi-Sector Income Fund’s ROE is less than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (8.26%), less than Allspring Utilities and High Income Fund (19.25%), less than Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (26.64%), less than Blackstone / GSO Senior Floating Rate Term Fund (9.67%), less than John Hancock Preferred Income Fund (11.88%), less than Eaton Vance Limited Duration Income Fund (7.46%), less than Franklin Limited Duration Income Trust (13.25%),
Company | ROE | Market cap |
---|---|---|
8.26% | $408.33M | |
19.25% | $107.98M | |
26.64% | $236.86M | |
9.67% | $185.79M | |
11.88% | $425.83M | |
7.46% | $1.17B | |
13.25% | $256.17M |
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How does the current ROE for Allspring Multi-Sector Income Fund (ERC) compare to its historical average?