Allspring Multi-Sector Income Fund (ERC) vs RiverNorth Flexible Municipal Income Fund II (RFMZ)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
RiverNorth Flexible Municipal Income Fund II is the larger company by market cap ($275.9 million vs $237.8 million), about 1.2 times the size. On valuation, RiverNorth Flexible Municipal Income Fund II trades at a lower trailing P/E (7.1x vs 8.9x for Allspring Multi-Sector Income Fund). Allspring Multi-Sector Income Fund pays a dividend yielding 10.24%, while RiverNorth Flexible Municipal Income Fund II does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | ERC | RFMZ |
|---|---|---|
| Share price | $8.48 | $11.33 |
| Market cap | $237.76M | $275.91M |
| 1-day change | -0.76% | -0.70% |
| YTD return | — | -9.87% |
| 1-year return | — | -12.43% |
| 5-year return | — | -45.58% |
| P/E ratio (TTM) | 8.92 | 7.08 |
| EPS (TTM) | $0.95 | $1.60 |
| Dividend yield | 10.24% | 8.46% |
| Annual dividend | $0.868 | $0.00 |
| 52-week high | $9.78 | $13.70 |
| 52-week low | $8.39 | $11.33 |
| Distance from 52-week high | -13.34% | -17.30% |
| Average volume | 58.99K | 71.14K |
| Shares outstanding | 28.05M | 24.35M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Finance/Investors Services |
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 trades at a higher earnings multiple (8.9x vs 7.1x trailing P/E).
- Allspring Multi-Sector Income Fund offers a meaningfully higher dividend yield (10.24% vs 8.46%).
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
ERC vs RFMZ FAQ
Which is bigger, Allspring Multi-Sector Income Fund or RiverNorth Flexible Municipal Income Fund II?
RiverNorth Flexible Municipal Income Fund II (RFMZ) is larger, with a market capitalization of $275.91M compared with $237.76M for Allspring Multi-Sector Income Fund (ERC).
Which has the lower P/E ratio, ERC or RFMZ?
RFMZ has the lower trailing P/E at 7.1, versus 8.9 for ERC. 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 RiverNorth Flexible Municipal Income Fund II?
Allspring Multi-Sector Income Fund has the higher yield at 10.24%, compared with 8.46% for RiverNorth Flexible Municipal Income Fund II.
Are Allspring Multi-Sector Income Fund and RiverNorth Flexible Municipal Income Fund II in the same industry?
Yes. Both are classified in the Finance/Investors Services industry within the Finance sector.