Allspring Multi-Sector Income Fund

Allspring Multi-Sector Income Fund is a closed-end fixed income fund focused on delivering a high level of current income while limiting overall exposure to domestic interest rate risk. Under normal market conditions, it allocates across three sleeves: a substantial portion to below‑investment‑grade high yield debt, a tranche to foreign debt including emerging markets, and a sleeve spanning adjustable- and fixed‑rate mortgage‑backed securities and investment‑grade corporate bonds. The portfolio employs an active, multi-sleeve approach with sector specialists, using security selection, sector allocation, and duration and curve positioning to diversify sources of return. The strategy’s global remit allows exposure to multiple countries and supranational issuers, with a requirement to invest across at least three countries within the foreign debt sleeve. Established in 2003, the fund is advised by Allspring Funds Management and integrates rigorous credit research to navigate global fixed income opportunities. Its role in the market is to provide diversified income from varied credit and geographic exposures, complemented by disciplined risk management designed to balance yield generation with interest rate sensitivity.