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Wells Fargo Multi-Sector Income Fund (ERC)

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About Wells Fargo Multi-Sector Income Fund (ERC)

Allspring Multi-Sector Income Fund operates as a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The company was founded on April 10, 2003 and is headquartered in Charlotte, CA.
Market cap$267.91M
Yesterday's volume96.75K
Revenue (TTM)$26.43M
Avg. daily volume99.49K
EBITDA (TTM)$27.33M
Open$9.57
Price / earnings ratio13.08x
Yesterday's range$9.44 - $9.57
Debt / equity—
52 week range$8.44 - $9.78
5 year debt / equity42.47x
Beta (LTM)0.29x
Interest coverage6.22x
Dividend & yield$0.86 (8.98%)
Current ratio—
Ex-dividend date—
Next earnings—
Dividend payable date—

Frequently Asked Questions (FAQ)

As of Oct 13, 2025, the market cap for ERC stock is $267.92M

The current P/E ratio for ERC stock is 13.08

The 52-week high for ERC stock is $9.78. The current ERC stock price $undefined is 100.00% below its 52-week high

The 52-week low for ERC stock is $8.44. The current ERC stock price $undefined has increased 100.00% from its 52-week low

Yes, the ERC stock pays a dividend to its shareholders. The current dividend yield is 8.98%

How to buy ERC stock on Public

  1. 1

    Sign up for a brokerage account on Public

    It’s easy to get started. You can sign up for an account directly on our website or by downloading the Public app for iOS or Android.

  2. 2

    Add funds to your Public account

    There are multiple ways to fund your Public account—from linking a bank account to making a deposit with a debit card or wire transfer.

  3. 3

    Choose how much you'd like to invest in ERC stock

    Navigate to the Explore page. Then, type ERC into the search bar. When you see ERC stock appear in the results, tap it to open up the purchase screen.

  4. 4

    Manage your investments in one place

    You can find your newly purchased ERC stock in your portfolio—alongside the rest of your stocks, ETFs, crypto, treasuries, and alternative assets.

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Stocks, ETFs, Options, Bonds.
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Options.
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Bonds.
“Bonds” shall refer to corporate debt securities and U.S. government securities offered on the Public platform through a self-directed brokerage account held at Public Investing and custodied at Apex Clearing. For purposes of this section, Bonds exclude treasury securities held in treasury accounts with Jiko Securities, Inc. as explained under the “ Treasury Accounts” section.

Investments in Bonds are subject to various risks including risks related to interest rates, credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors. The value of Bonds fluctuate and any investments sold prior to maturity may result in gain or loss of principal. In general, when interest rates go up, Bond prices typically drop, and vice versa. Bonds with higher yields or offered by issuers with lower credit ratings generally carry a higher degree of risk. All fixed income securities are subject to price change and availability, and yield is subject to change. Bond ratings, if provided, are third party opinions on the overall bond's credit worthiness at the time the rating is assigned. Ratings are not recommendations to purchase, hold, or sell securities, and they do not address the market value of securities or their suitability for investment purposes.

A Bond Account is a self-directed brokerage account with Public Investing. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The Bond Account’s yield is the average, annualized yield to worst (YTW) across all ten bonds in the Bond Account, before fees. A bond’s yield is a function of its market price, which can fluctuate; therefore a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule.

Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. You should evaluate each bond before investing in a Bond Account. The bonds in your Bond Account will not be rebalanced and allocations will not be updated, except for Corporate Actions.

Fractional Bonds also carry additional risks including that they are only available on Public and cannot be transferred to other brokerages. Read more about the risks associated with fixed income and fractional bonds. See Bond Account Disclosures to learn more.

High-Yield Cash Account.
A High-Yield Cash Account is a secondary brokerage account with Public Investing. Funds in your High-Yield Cash Account are automatically deposited into partner banks (“Partner Banks”), where that cash earns interest and is eligible for FDIC insurance. See here for a list of current Partner Banks. Your Annual Percentage Yield is variable and may change at the discretion of the Partner Banks or Public Investing. Apex Clearing and Public Investing receive administrative fees for operating this program, which reduce the amount of interest paid on swept cash. Neither Public Investing nor any of its affiliates is a bank. Learn more.

Cryptocurrency.
Cryptocurrency trading, execution, and custody services are provided by Bakkt Crypto Solutions, LLC (NMLS ID 1828849) (“Bakkt”). Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrencies offered by Bakkt are not securities and are not FDIC insured or protected by SIPC. Your cryptocurrency assets are held in your Bakkt account. Bakkt is a licensed virtual currency business by the New York State Department of Financial Services and a licensed money transmitter, but is not a registered broker-dealer or a FINRA member. Your Bakkt Crypto account is separate from your brokerage account with Public Investing, which holds US-listed stocks and ETFs. Please review the Risk Disclosures before trading.

Treasury Accounts.
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Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value.

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