ERC: The Foreign Currency Exposure Is Very Nice Here
2025-11-26 13:34:59 ET
The Allspring Multi-Sector Income Fund ( ERC ) is a closed-end fund that income-seeking investors may wish to purchase as a method of obtaining a very high level of current income from the assets that they have in their portfolios. The fund manages to do quite well in this respect, as the fund boasts a 9.34% yield at the current price. According to the fund’s website , ERC invests its assets in a variety of bonds from both domestic and foreign uses using the following rubric:
Type Of Bond | % of Total Assets |
Junk Bonds | 30% to 70% |
Foreign Debt Securities | 10% to 40% |
Mortgage-Backed Securities and Investment-Grade Corporate Bonds | 10% to 30% |
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ERC: The Foreign Currency Exposure Is Very Nice Here
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