ERC Wells Fargo Multi-Sector Income Fund CEF Edit This CEF

This is an actively managed closed end fund that seeks to provide a high level of current income consistent with limiting its overall exposure to domestic interest-rate risk. The Fund allocates its assets between three separate investment strategies, or sleeves. Under normal market conditions, the fund will allocate approximately 30%-70% of its total assets to a sleeve consisting of non-investment-grade (high yield) corporate debt, including floating-rate high yield bank loan securities; approximately 10%-40% to a sleeve of foreign debt securities, including emerging market debt; and approximately 10%-30% to a sleeve of adjustable-rate and fixed-rate mortgage backed securities, and investment grade corporate bonds.

$9.01
As of 03/23/2023     IEX book   CBOE book

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CEF Information

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Sponsor:     Wells Fargo
Category1:  Global Fixed Income
Category2:  Global
Category3:  Broad market
Morningstar category:  Multisector Bond
Leverage factor:  1.42    as of 10/31/2021
Inception date:  06/25/2003
Current yield:  11.58%
Historical average yield:  9.54%
Market cap:  $252,749,926
Average volume:  58,089
Fees:     1.6800%
Investment style: Actively managed
All SEC Filings:  SEC Edgar Online
Semi-Annual filings:  N-CSR
Quarterly holdings:  NPORT


Fund NAV:              $9.51
Trading discount:     -5.26%