Stock fact sheet · data as of
Allspring Multi-Sector Income Fund (ERC): fair value, margin of safety and Wheel Score
Ticker symbol ERC · Financial Services · Asset Management - Income · United States · Fund / Note
Is ERC undervalued?
At 8.67 (close of 5 Nov 2026), ERC trades 63% below the GLS average fair value of 23.69. That average comes from 8 models run on the latest filings, and 8 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Allspring Multi-Sector Income Fund the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 8 models disagree widely: EPV gives 10.67 while Graham Growth gives 54.95. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
ERC looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for ERC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 14.59 | +68% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 54.95 | +534% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 24.01 | +177% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 29.80 | +244% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 16.45 | +90% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 26.22 | +202% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 12.81 | +48% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 10.67 | +23% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -4.22 | -149% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - ERC passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. There is no GLS Moat score for ERC: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are moderate - ROIC 6.8%, ROE 9.6%, ROA 6.6% - with debt at 0.42 times equity and a free-cash-flow yield of 9.5%.
The dividend yield is high at 10.04% (payout ratio 90%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 5/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 6.8% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 9.6% |
| Debt / equity | 0.42 | ROA | 6.6% |
| Free-cash-flow yield | 9.5% | Payout ratio | 90% |
| Institutions | 5 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 28: No options
ERC has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (28 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 88k shares a day on a market cap of $243M, with a beta of 0.60 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $243M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 63% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.60, $243M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for ERC in the nightly calendar. The shares go ex-dividend on 12 Nov 2026 (0.0723 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management - Income
The 12 companies below are the closest to Allspring Multi-Sector Income Fund by market cap within the Asset Management - Income industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| EPDPX EuroPac International Dividend Income Fund - Class A | 14.99 | 4.55 | -229% | 10No options | $242M |
| JRS Nuveen Real Estate Income Fund | 7.83 | 34.27 | +77% | 26No options | $226M |
| RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 13.25 | 24.94 | +47% | 28No options | $262M |
| NXG NXG NextGen Infrastructure Income Fund | 45.35 | 690.38 | +93% | 28No options | $263M |
| FHBZX Fidelity Freedom Blend Income Fund | 10.61 | 5.64 | -88% | 10No options | $225M |
| NCZ Virtus Convertible & Income Fund II | 13.91 | 108.63 | +87% | 25No options | $265M |
| XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 16.70 | 42.03 | +60% | 31No options | $223M |
| JGH Nuveen Global High Income Fund | 11.58 | 30.63 | +62% | 26No options | $268M |
| LGI Lazard Global Total Return and Income Fund, Inc. | 16.73 | 32.50 | +49% | 25No options | $218M |
| OIA Invesco Municipal Income Opportunities Trust | 5.80 | 4.99 | -16% | 14No options | $277M |
| TSI TCW Strategic Income Fund, Inc. | 4.37 | 5.57 | +21% | 20No options | $278M |
| EFT Eaton Vance Floating-Rate Income Trust | 10.63 | 12.80 | +17% | 25No options | $283M |
⚖ Compare ERC with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about ERC
Is ERC undervalued right now?
By the GLS models, yes: at 8.67 the stock is 63% below the average fair value of 23.69 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of ERC and what does it mean?
ERC has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for ERC?
23.69 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Allspring Multi-Sector Income Fund report earnings next?
No upcoming earnings date is recorded for ERC in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does ERC have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on ERC, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.