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Allspring Multi-Sectorome Fund (Allspring Multi-Sectorome Fund) Retained Earnings : $-102.93 Mil (As of Oct. 2023)


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What is Allspring Multi-Sectorome Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Allspring Multi-Sectorome Fund's retained earnings for the quarter that ended in Oct. 2023 was $-102.93 Mil.

Allspring Multi-Sectorome Fund's quarterly retained earnings increased from Oct. 2022 ($-109.38 Mil) to Apr. 2023 ($-99.67 Mil) but then declined from Apr. 2023 ($-99.67 Mil) to Oct. 2023 ($-102.93 Mil).

Allspring Multi-Sectorome Fund's annual retained earnings declined from Oct. 2021 ($-33.25 Mil) to Oct. 2022 ($-109.38 Mil) but then increased from Oct. 2022 ($-109.38 Mil) to Oct. 2023 ($-102.93 Mil).


Allspring Multi-Sectorome Fund Retained Earnings Historical Data

The historical data trend for Allspring Multi-Sectorome Fund's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Allspring Multi-Sectorome Fund Retained Earnings Chart

Allspring Multi-Sectorome Fund Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -33.43 -53.86 -33.25 -109.38 -102.93

Allspring Multi-Sectorome Fund Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -33.25 -88.30 -109.38 -99.67 -102.93

Allspring Multi-Sectorome Fund Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Allspring Multi-Sectorome Fund  (AMEX:ERC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Allspring Multi-Sectorome Fund (Allspring Multi-Sectorome Fund) Business Description

Traded in Other Exchanges
N/A
Address
525 Market Street, San Francisco, CA, USA, 94105
Allspring Multi-Sector Income Fund is a closed-end investment management company. The company's core business is to secure a high level of income for its investors consistent with limiting its overall exposure to domestic interest rate risk. It invests in U.S. dollar-denominated below investment-grade bonds, debentures, and other income obligations, including loans and preferred stocks, developed and emerging market debt securities, including obligations of foreign governments or governmental entities, foreign corporations, or supranational agencies denominated in various currencies, asset backed securities and investment grade corporate bonds.
Executives
Jennifer Lea Grunberg officer: Chief Compliance Officer 350 PARK AVENUE, ALLSPRING GLOBAL INVESTMENTS, NEW YORK NY 10022
Jonathan Crawford officer: Chief Compliance Officer BOW BELLS HOUSE, 1 BREAD STREET, LONDON X0 EC4M 4BE
Paul Werner Felsch officer: Chief Complaince Officer 100 HERITAGE RESERVE, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS WI 53051
Jane A Freeman director ALLSPRING FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105
Christopher Micah Baker officer: Chief Compliance Officer ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02356
Karin Brotman officer: Chief Compliance Officer ALLSPRING GLOBAL INVESTMENTS, 525 MARKET STREET, SAN FRANCISCO CA 94105
Kate Sandman Mckinley officer: Chief Compliance Officer ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02210
Richard Matthew Prasse officer: Secretary WELLS FARGO LAW DEPARTMENT, 125 HIGH STREET, FLOOR 13, BOSTON MA 02110-2704
Simon Fj Cockbill officer: Chief Compliance Officer WELLS FARGO BANK, 33 KING WILLIAM STREET, FLOOR 03, LONDON X0 EC4R 9AT
Christopher M Lee other: Portfolio Manager WELLS CAPITAL MANAGEMENT, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105
Alison Jane Hewitt officer: Chief Compliance Officer WELLS FARGO BANK, 33 KING WILLIAM STREET, FLOOR 01, LONDON X0 EC4R 9AT
Michael Joseph Schueller other: Portfolio Manager 100 HERITAGE RESERVE, 2ND FLOOR, WELLS CAPITAL MANAGEMENT, MENOMONEE FALLS WI 53051-4400
Daniel J. Mavico officer: Chief Compliance Officer 401 S TRYON STREET, FLOOR 2, CHARLOTTE NC 28202-1911
Kevin T. Roskopf other: Share Repurchase Committee Mem WELLS FARGO ASSET MANAGEMENT, 100 HERITAGE RESERVE, 1ST FLOOR, MENOMONEE FALLS WI 53051-4400
Catherine Jane Ibbotson officer: Chief Compliance Officer 1 PLANTATION PL 30 FENCHURCH ST, LONDON X0 EC3M 3BD

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