Allspring Multi-Sector Income Fund (ERC) vs Franklin Managed Municipal Income (PMM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Allspring Multi-Sector Income Fund is the larger company by market cap ($239.6 million vs $239.0 million), about 1.0 times the size. On valuation, Allspring Multi-Sector Income Fund trades at a lower trailing P/E (9.0x vs 10.3x for Franklin Managed Municipal Income). Allspring Multi-Sector Income Fund offers the higher dividend yield (10.16% vs 5.41%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | ERC | PMM |
|---|---|---|
| Share price | $8.54 | $5.58 |
| Market cap | $239.58M | $239.01M |
| 1-day change | -0.70% | -0.36% |
| YTD return | — | -11.00% |
| 1-year return | — | -8.22% |
| 5-year return | — | -34.35% |
| P/E ratio (TTM) | 8.99 | 10.33 |
| EPS (TTM) | $0.95 | $0.54 |
| Dividend yield | 10.16% | 5.41% |
| Annual dividend | $0.868 | $0.302 |
| 52-week high | $9.78 | $6.60 |
| 52-week low | $8.39 | $5.39 |
| Distance from 52-week high | -12.68% | -15.45% |
| Analyst consensus | — | none |
| Average volume | 57.01K | 129.04K |
| Shares outstanding | 28.05M | 42.83M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Allspring Multi-Sector Income Fund offers a meaningfully higher dividend yield (10.16% vs 5.41%).
About Allspring Multi-Sector Income Fund
ERC stock →Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc.
Finance · Finance/Investors Services
About Franklin Managed Municipal Income
PMM stock →Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited.
Finance · Investment Managers
ERC vs PMM FAQ
Which is bigger, Allspring Multi-Sector Income Fund or Franklin Managed Municipal Income?
Allspring Multi-Sector Income Fund (ERC) is larger, with a market capitalization of $239.58M compared with $239.01M for Franklin Managed Municipal Income (PMM).
Which has the lower P/E ratio, ERC or PMM?
ERC has the lower trailing P/E at 9.0, versus 10.3 for PMM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Allspring Multi-Sector Income Fund or Franklin Managed Municipal Income?
Allspring Multi-Sector Income Fund has the higher yield at 10.16%, compared with 5.41% for Franklin Managed Municipal Income.
Are Allspring Multi-Sector Income Fund and Franklin Managed Municipal Income in the same industry?
Both are in the Finance sector, but in different industries: Finance/Investors Services for Allspring Multi-Sector Income Fund and Investment Managers for Franklin Managed Municipal Income.