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 Sept. 28, 2020
Market Price $10.84 (+ $0.07)
NAV (Sept. 28, 2020) $12.09 (+ $0.02)
Premium / Discount -10.34% (+0.43%)
Fund Info
Inception June 25, 2003
Sponsor Wells Fargo Funds Management
Website https://www.wellsfargo...
Phone 1-800-359-3379
Objective: High current income; non-investment-grade corporate debt securities and investment grade corporate bonds
Related Indexes
High Income Index
Taxable Bond & BDC Index
Capital & Leverage
Outstanding Shares 29,283,622
Total Assets (Reported: April 30, 2020) $468M
Estimated Total Assets $482M
Net Assets $354M
Market Cap $317M
Purchases Turnover 38.23%
Sales Turnover 44.26%
Total Leverage 26.60%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.16%
Non Lev Exp Ratio 0.99%
Rel Lev Cost 3.14%
Discount Data
Average Discount (3 Yr) -7.81%
Discount Low(3 Yr) -25.88%
Discount High(3 Yr) 0.83%
Discount Rel Range 58.19%
Comp Discount -0.12
Discount St Dev (1Yr) 3.79
Z-Stat (6mo) -0.70
Z-Stat (1Yr) -0.87
Z-Stat (3Yr) -0.93
Comp Z-Stat (6mo) -0.61
Comp Z-Stat (3Yr) -0.63
Distribution Data
Market Yield 10.39%
Income Yield 10.39%
Lev Adj NAV Yield 7.36%
Distribution Frequency M
Current Distribution $0.094
Current Income $0.094
Ex-Date 9/11/20
Payable Date 10/1/20
Div Growth (3yr) -12.65%
Dividend Change -0.6% on 9/25/20
Expected Div 10/30/20
RoC (1yr) 5.63%
RoC (3yr) 46.62%
Volume & Liquidity
Average Daily $ (M) $838
Avg Volume 30 day 81,491
Avg Volume 90 day 77,288
Volume Trend 5.44%
Comp Volume Trend 9.70%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Taxable Bond & BDC Index
Most Correlated Peer (Mk Pr): FTF 94.0%
NAV - Price Correlation (30 d) 94.9%
NAV - Price Correlation (90 d) 72.7%
NAV - Price Correlation (1 Yr) 97.8%
Price St Dev (1Yr) 36.4%
NAV St Dev (1Yr) 13.2%
Earnings / Share (4/30/20) $0.063
Earn Coverage 67.20%
Earnings Trend Down
UNII / Share (4/30/20) $0.197
Rel UNII 17.49
UNII Trend Up
Bond Specific Data
Maturity 5.12
Duration 3.54
Credit Rating (rbo) BB
Investment Grade 39.34%
Non Investment Grade 59.47%
Unrated Bonds 1.20%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Taxable Bond & BDC Index


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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.

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