In plain terms — Allspring Multi-Sector Income Fund
Shares currently cost about 10.3% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 7.2% discount, so today's level is unusually wide for this fund (Z-score -2.7). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 10.2% a year of the share price (9.2% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.12 of assets — a ReinvestCapture™ rate of 11.4%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 3.8% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -7.61% | 1.71% | -1.59 | 64 |
| 6 months | -7.59% | 1.34% | -2.05 | 126 |
| 1 year | -7.23% | 1.16% | -2.68 | 250 |
| 3 years | -7.05% | — | — | — |
| 5 years | -5.33% | — | — | — |
Current contemporaneous premium/discount -10.33% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -11.54% to -5.09%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -5.70% | -8.26% | -9.25% | -10.50% | -2.01% | -8.74% |
| Market price total return | -4.89% | -6.00% | -1.72% | -1.58% | +7.33% | +0.12% |
| NAV return | -2.27% | -3.26% | -5.38% | -4.91% | +0.18% | -5.55% |
| NAV total return | -1.52% | -1.07% | +1.85% | +3.84% | +9.03% | +3.11% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Allspring Multi-Sector Income Fund operates as a closed-end mutual fund, concentrating its investments in fixed-income assets. It was initiated and is primarily overseen by Wells Fargo Funds Management, LLC, with First International Advisors, Inc. and Wells Capital Management Incorporated providing joint management expertise. The fund's strategy involves allocating capital across a diverse range of global debt instruments. Its portfolio is predominantly comprised of a variety of higher-yielding, lower-rated corporate debt, including bank loans, sovereign and corporate debt from international and developing economies, adjustable and fixed-rate mortgage-backed securities, and select investment-grade corporate bonds. This fund was established on June 25, 2003, and maintains its legal domicile in the United States.
CEF Explorer research page for Allspring Multi-Sector Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.