ERC: The Foreign Currency Exposure Is Very Nice Here

The Allspring Multi-Sector Income Fund (ERC) offers a 9.34% yield, blending domestic and foreign bonds, and aims to limit U.S. interest rate risk. ERC has outperformed major bond indices and most peers on total return over the past decade, despite not having the highest yield among multisector CEFs. The fund's managed distribution plan leads to variable monthly payouts, and while recent coverage was tight, NAV has remained stable over the longer term.

Seeking Alpha • Nov 26, 2025

Closed-end funds advised by Allspring Funds Management renew share repurchase programs

CHARLOTTE, N.C. , Nov. 13, 2025 /PRNewswire/ -- The following four Allspring closed-end funds announced today that they will renew their open-market share repurchase programs: Allspring Global Dividend Opportunity Fund (NYSE: EOD) Allspring Income Opportunities Fund (NYSE American: EAD) Allspring Multi-Sector Income Fund (NYSE American: ERC) Allspring Utilities and High Income Fund (NYSE American: ERH) The funds' Board of Trustees has authorized the repurchase of an aggregate of up to 5% of each fund's outstanding shares in open-market transactions during the period beginning January 1, 2026 and ending December 31, 2026.

PRNewsWire • Nov 13, 2025

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Funds Board of Trustees Announces New Trustees

CHARLOTTE, N.C. , Nov. 12, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution, as shown in the table below.

PRNewsWire • Nov 12, 2025

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C. , Oct. 31, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

PRNewsWire • Oct 31, 2025

Allspring Closed-End Funds Announce Changes to their Portfolio Management Teams

CHARLOTTE, N.C. , Oct. 8, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE America: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunities Fund (NYSE: EOD) announced today that Chris Lee, CFA, senior portfolio manager on Allspring Global Investments' Plus Fixed Income team will be removed as a portfolio manager from the funds as detailed in the table below.

PRNewsWire • Oct 8, 2025

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions

CHARLOTTE, N.C. , Aug. 19, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

PRNewsWire • Aug 19, 2025

ERC: Paying Out More Than It Earns

I maintain my hold rating on ERC due to its questionable dividend coverage and ongoing risks from the high interest rate environment. ERC offers an attractive 9.3% yield and trades at a wider-than-average discount to NAV, but struggles with dividend sustainability and earnings coverage. The fund's aggressive leverage and high exposure to below-investment-grade debt increase risk, especially if interest rates remain elevated or defaults rise.

Seeking Alpha • Aug 7, 2025

Allspring Closed-End Funds Declare Monthly Distributions and Announce a Portfolio Manager Change

CHARLOTTE, N.C. , July 25, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

PRNewsWire • Jul 25, 2025

ERC: Relies On Interest Rate Cuts For Relief

Allspring Multi-Sector Income Fund offers a high dividend yield of 9.4% and global exposure but faces risks from below-investment-grade debt and interest rate volatility. ERC's price trades at a discount to NAV, reflecting market concerns about its earnings history and potential for dividend cuts if performance doesn't improve. The fund's strategy includes significant leverage and a diverse portfolio, but higher interest rates could negatively impact returns and increase default risks.

Seeking Alpha • May 15, 2025

ERC: A Reasonable Option If You Even Want Bonds In A Portfolio

The Allspring Multi-Sector Income Fund offers a high 9.44% yield, but underperforms peers and has a lower yield compared to similar funds. The fund employs leverage, making it more volatile; it has a conservative leverage ratio of 29.50%, below the peer median. The fund's strategy includes a mix of domestic junk bonds, international bonds, and mortgage-backed securities, with significant foreign currency exposure.

Seeking Alpha • Feb 17, 2025