Wells Fargo Multi-Sec Income (AMEX:ERC)

Investment trust
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This investment trust can be held in
Trading AccountISAJISASIPP

Trust Info

  • Market Cap$320.105m
  • OCF-
  • AIC sector-
  • Manager GroupWells Fargo
  • Currency
  • ISINUS94987D1019

Investment Strategy

Under normal market conditions, the Fund invests approximately 50% of its total assets in below investment grade (high yield) U.S. debt securities, loans and preferred stocks. It invests approximately 25% of its total assets in foreign debt securities including obligations of foreign governments or governmental entities, foreign corporations or supranational agencies denominated in various currencies. Approximately 25% of its total assets is invested in securities that have interest rates that re-set at periodic intervals including mortgage-backed securities, asset-backed securities and collateralized mortgage obligations issued or guaranteed by the U.S. government. Effective 14-May-07 a new investment policy that will allow a more flexible approach to the sectors allocation will be adopted. The new policy will not fix the sectors percentages and will allow an allocation range between 20-60% for each sector.

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