CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Wells Fargo Multi-Sector Income Fund (ERC)

Taxable Bond Funds - Limited Duration Bond Funds

Data as of Oct. 17, 2019
Current
Market Price $12.36 (+ $0.08)
NAV (Oct. 17, 2019) $13.17 (+ $0.01)
Premium / Discount -6.15% (+0.54%)
Fund Info
Inception June 25, 2003
Sponsor Wells Fargo Funds Management
Website https://www.wellsfargo...
Phone 1-800-359-3379
NAV Symbol XERCX
Objective: High current income; non-investment-grade corporate debt securities and investment grade corporate bonds
Related Indexes
High Income Index
US Bond Index
Capital & Leverage
Outstanding Shares 30,716,046
Total Assets (Reported: April 30, 2019) $587M
Estimated Total Assets $575M
Net Assets $405M
Market Cap $380M
Purchases Turnover 38.23%
Sales Turnover 44.26%
Total Leverage 29.60%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.32%
Non Lev Exp Ratio 0.97%
Rel Lev Cost 3.17%
Discount Data
Average Discount (3 Yr) -8.22%
Discount Low(3 Yr) -16.92%
Discount High(3 Yr) 0.37%
Discount Rel Range 59.17%
Comp Discount 2.50
Discount St Dev (1Yr) 2.45
Z-Stat
Z-Stat (6mo) -0.34
Z-Stat (1Yr) 0.64
Z-Stat (3Yr) 0.85
Comp Z-Stat (6mo) -0.86
Comp Z-Stat (3Yr) 0.68
Distribution Data
Market Yield 9.62%
Income Yield 9.62%
Lev Adj NAV Yield 6.96%
Distribution Frequency M
Current Distribution $0.099
Current Income $0.099
Ex-Date 10/15/19
Payable Date 11/1/19
Div Growth (3yr) 7.30%
Dividend Change -0.2% on 9/27/19
Expected Div 10/25/19
RoC (1yr) 0.00%
RoC (3yr) 36.39%
Volume & Liquidity
Average Daily $ (M) $1,152
Avg Volume 30 day 77,416
Avg Volume 90 day 93,166
Volume Trend -16.91%
Comp Volume Trend -14.20%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
67.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
85.0%
Price Correlation (1yr)
vs. CEFA's Taxable Bond & BDC Index
86.0%
Most Correlated Peer (Mk Pr): BLW 82.0%
NAV - Price Correlation (30 d) -32.9%
NAV - Price Correlation (90 d) 70.5%
NAV - Price Correlation (1 Yr) 87.3%
Price St Dev (1Yr) 10.2%
NAV St Dev (1Yr) 4.6%
Earnings
Earnings / Share (4/30/19) $0.070
Earn Coverage 70.98%
Earnings Trend Down
UNII / Share (4/30/19) $0.086
Rel UNII 7.26
UNII Trend Up
Bond Specific Data
Maturity 4.34
Duration 2.94
Credit Rating (rbo) BB
Investment Grade 36.25%
Non Investment Grade 63.26%
Unrated Bonds 0.48%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.22
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.50
NAV Beta (2yr)
vs. CEFA's Taxable Bond & BDC Index
0.89

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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