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Wells Fargo Multi-Sector Income Fund, as the name implies, spreads its Fixed Income exposure over multiple sectors of the Global Fixed Income market.
This article reviews ERC and compares its against to competitors: BlackRock Multi-Sector Income Trust and Virtus Global Multi-Sector Income Fund.
I give the ERC a Bearish rating based on its performance versus other CEF choices in this space; loss of NAV since inception and its selling at a premium.