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Allspring Closed-End Funds Declare Monthly Distributions
PRNewswire (Fri, 30-Jan 8:30 AM ET)
Closed-end funds advised by Allspring Funds Management renew share repurchase programs
PRNewswire (Thu, 13-Nov 8:30 AM ET)
PRNewswire (Wed, 12-Nov 4:15 PM ET)
The fund seeks to provide a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The fund invests in a mix of non-investment-grade corporate debt securities, including floating rate high yield bank loan securities, foreign and emerging market debt securities, adjustable and
Allspring Multi-Sector Income trades on the AMEX stock market under the symbol ERC.
As of February 11, 2026, ERC stock price declined to $9.50 with 80,702 million shares trading.
ERC has a beta of 0.37, meaning it tends to be less sensitive to market movements. ERC has a correlation of 0.36 to the broad based SPY ETF.
ERC has a market cap of $266.51 million. This is considered a Small Cap stock.
In the last 3 years, ERC traded as high as $10.17 and as low as $8.44.
ERC has underperformed the market in the last year with a return of +11.4%, while SPY returned +15.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ERC shares. However, ERC has outperformed the market in the last 3 month and 2 week periods, returning +2.5% and +1.1%, while SPY returned +1.8% and -0.5%, respectively. This indicates ERC has been having a stronger performance recently.
ERC support price is $9.45 and resistance is $9.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ERC shares will trade within this expected range on the day.