Christopher Wightman - Allspring Multi Portfolio Manager

ERC Stock  USD 9.09  0.09  1.00%   

Executive

Christopher Wightman is Portfolio Manager of Allspring Multi Sector
Address 1415 Vantage Park Drive, Charlotte, NC, United States, 28203
Phone833-568-4255

Allspring Multi Management Efficiency

The company has Return on Asset of 0.0418 % which means that on every $100 spent on assets, it made $0.0418 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0827 %, implying that it generated $0.0827 on every 100 dollars invested. Allspring Multi's management efficiency ratios could be used to measure how well Allspring Multi manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Capital Employed is expected to grow to 0.08, whereas Return On Tangible Assets are forecasted to decline to 0.03. At present, Allspring Multi's Net Tangible Assets are projected to decrease significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 562.3 M, whereas Other Assets are forecasted to decline to about 22.2 K.
Allspring Multi Sector has 119 M in debt with debt to equity (D/E) ratio of 0.47, which is OK given its current industry classification. Allspring Multi Sector has a current ratio of 0.08, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Allspring to invest in growth at high rates of return.

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Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. Allspring Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States. Wells Fargo operates under Asset Management classification in the United States and is traded on NYSEMKT Exchange. Allspring Multi Sector (ERC) is traded on NYSE MKT Exchange in USA. It is located in 1415 Vantage Park Drive, Charlotte, NC, United States, 28203 and employs 26 people. Allspring Multi is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

Allspring Multi Sector Leadership Team

Elected by the shareholders, the Allspring Multi's board of directors comprises two types of representatives: Allspring Multi inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Allspring. The board's role is to monitor Allspring Multi's management team and ensure that shareholders' interests are well served. Allspring Multi's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Allspring Multi's outside directors are responsible for providing unbiased perspectives on the board's policies.
Timothy Penny, Independent Chairman of the Board of Trustee
CFA CFA, Portfolio Manager
Judith Johnson, Independent Trustee
Philip Susser, Portfolio Mang
William Ebsworth, Independent Trustee
Jane Freeman, Independent Trustee
Peter Wilson, Managing Officer
Michael Whitaker, Chief Compliance Officer
Olivia Mitchell, Independent Trustee
Andrew Owen, President
Jeremy DePalma, Treasurer
Niklas CFA, Portfolio Mang
Anthony Norris, Managing Officer
Christopher Wightman, Portfolio Manager
Noah CFA, Portfolio Analyst
David Larcker, Independent Trustee
Michelle Rhee, Chief Legal Officer
Catherine Kennedy, Secretary
Alexander Kymn, Secretary and Chief Legal Officer
Isaiah Harris, Independent Trustee
Michael Lee, Director Manager
Adam Hicks, Portfolio Manager
David Berardi, Assistant Treasurer
Jonathan Perrin, Director Manager
James Polisson, Independent Trustee
Pamela Wheelock, Independent Trustee

Allspring Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Allspring Multi a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Allspring Multi Sector offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allspring Multi's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Allspring Multi Sector Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allspring Multi Sector Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Allspring Multi Sector. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allspring Multi. If investors know Allspring will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allspring Multi listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.12
Dividend Share
0.782
Earnings Share
0.81
Revenue Per Share
1.062
Quarterly Revenue Growth
0.125
The market value of Allspring Multi Sector is measured differently than its book value, which is the value of Allspring that is recorded on the company's balance sheet. Investors also form their own opinion of Allspring Multi's value that differs from its market value or its book value, called intrinsic value, which is Allspring Multi's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allspring Multi's market value can be influenced by many factors that don't directly affect Allspring Multi's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allspring Multi's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allspring Multi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allspring Multi's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.