<SEC-DOCUMENT>0001081400-14-000560.txt : 20141224
<SEC-HEADER>0001081400-14-000560.hdr.sgml : 20141224
<ACCEPTANCE-DATETIME>20141224143046
ACCESSION NUMBER:		0001081400-14-000560
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20141031
FILED AS OF DATE:		20141224
DATE AS OF CHANGE:		20141224
EFFECTIVENESS DATE:		20141224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND
		CENTRAL INDEX KEY:			0001227073
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21331
		FILM NUMBER:		141309962

	BUSINESS ADDRESS:	
		STREET 1:		525 MARKET STREET
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94105
		BUSINESS PHONE:		800-222-2222

	MAIL ADDRESS:	
		STREET 1:		200 BERKELEY STREET
		STREET 2:		FLOOR 21
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EVERGREEN MULTI-SECTOR INCOME FUND
		DATE OF NAME CHANGE:	20070530

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EVERGREEN MANAGED INCOME FUND
		DATE OF NAME CHANGE:	20030424

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EVERGREEN INCOME OPPORTUNITY FUND
		DATE OF NAME CHANGE:	20030415
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<DESCRIPTION>ANSWER FILE
<TEXT>
<PAGE>      PAGE  1
000 B000000 10/31/2014
000 C000000 0001227073
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 WFA MULTI-SECTOR INCOME FUND
001 B000000 811-21331
001 C000000 4153960446
002 A000000 525 MARKET STREET
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94105
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008 B000001 A
008 C000001 801-58237
008 D010001 SAN FRANCISCO
008 D020001 CA
008 D030001 94105
008 A000002 WELLS CAPITAL MANAGEMENT, INC.
008 B000002 S
008 C000002 801-21122
008 D010002 SAN FRANCISCO
008 D020002 CA
008 D030002 94105
008 A000003 First International Advisors, LLC
008 B000003 S
008 C000003 801-00000
008 D010003 London
008 D050003 United Kingdom
010 A000001 WELLS FARGO FUNDS MANAGEMENT, LLC
010 B000001 801-58237
010 C010001 SAN FRANCISCO
010 C020001 CA
010 C030001 94105
011 A000001 Wells Fargo Funds Distributor, LLC
011 B000001 8-066716
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<PAGE>      PAGE  2
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013 A000001 KPMG LLP
013 B010001 Boston
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014 B000001 8-029892
014 A000002 Wells Fargo Brokerage Services, LLC
014 B000002 8-033283
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014 B000003 8-016600
014 A000004 Wells Fargo Investments, LLC
014 B000004 8-0158211
014 A000005 Wells Fargo Securities, LLC
014 B000005 8-0142443
014 A000006 Wells Fargo Funds Distributor, LLC
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022 A000004 Citigroup Inc.
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<PAGE>      PAGE  3
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022 A000006 CACEIS BANK DEUTSCHLAND GMBH
022 C000006     23897
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022 A000007 BANK OF AMERICA SECURITIES
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022 A000010 GOLDMAN SACHS & CO
022 B000010 13-5108880
022 C000010     18622
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023 C000000     557864
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025 B000004 13-2624428
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080 B000000 Zurich,Berkley,Chubb,Axis,Chartis,Travelers
<PAGE>      PAGE  9
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SIGNATURE   JEREMY DEPALMA
TITLE       TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>2
<FILENAME>tenf.txt
<DESCRIPTION>10F-3 TRANSACTION
<TEXT>
Rule 10f-3 Transactions

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Proassurance Corp, PRA 5.30%
				1/15/2023
Trade Date:              	11/18/13
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	B of A Merrill Lynch
Purchase Price:          	$100.000
Shares/Par:              	750,000
Underwriting Concession: 	0.650%

Fund Name:               	Multi Sector Income Fund
				5.75% 12/15/2018
Trade Date:              	12/06/13
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Goldman Sachs
Purchase Price:          	$100.000
Shares/Par:              	575,000
Underwriting Concession: 	1.750%

Fund Name:               	Multi Sector Income Fund
Security Description:    	NCR Escrow Corporation, NCR 5.875%
				12/15/2021
Trade Date:              	12/05/13
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	JP Morgan
Purchase Price:          	$100.000
Shares/Par:              	230,000
Underwriting Concession: 	1.250%

Fund Name:               	Multi Sector Income Fund
Security Description:    	NCR Escrow Corporation, NCR 6.375%
				12/15/2023
Trade Date:              	12/05/13
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	JP Morgan
Purchase Price:          	$100.000
Shares/Par:              	230,000
Underwriting Concession: 	1.250%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	First Data Corporation, FDC 11.75%
				08/15/2021
Trade Date:              	12/16/13
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	B of A Merrill Lynch
Purchase Price:          	$103.500
Shares/Par:              	240,000
Underwriting Concession: 	0.948%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Simmons Foods Inc, SIMFOO 10.5%
				11/01/2017
Trade Date:              	12/12/13
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	BMO Capital Markets
Purchase Price:          	$104.750
Shares/Par:              	510,000
Underwriting Concession: 	1.375%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Sprint Corp 144A, S 7.125% 06/15/2024
Trade Date:              	12/09/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	B of A Merrill Lynch
Purchase Price:          	$100.000
Shares/Par:              	960,000
Underwriting Concession: 	1.500%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Ashtead Capital Inc 144A, AHTLN 6.5%
				07/15/2022
Trade Date:              	12/11/13
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Deutsche Bank
Purchase Price:          	$106.000
Shares/Par:              	200,000
Underwriting Concession: 	1.500%

Fund Name:               	Multi Sector Income Fund
Security Description:    	CBS Outdoor Americas Capital LLC /
				CBS Outdoor Americas Capital Corp 144A,
				CBS 5.25% 02/01/2022
Trade Date:              	01/16/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Deutsche Bank Securities
Purchase Price:          	$100.000
Shares/Par:              	195,000
Underwriting Concession: 	1.500%

Fund Name:               	Multi Sector Income Fund
Security Description:    	CBS Outdoor Americas Capital LLC /
				CBS Outdoor Americas Capital Corp 144A,
				CBS 5.625% 02/01/2024
Trade Date:              	01/16/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Deutsche Bank Securities
Purchase Price:          	$100.000
Shares/Par:              	20,000
Underwriting Concession: 	1.500%

Fund Name:               	Multi Sector Income Fund
Security Description:    	Credit Acceptance Corporation 144A, CACC
				6.125% 02/15/2021
Trade Date:              	01/16/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Credit Suisse Securities
Purchase Price:          	$100.000
Shares/Par:              	410,000
Underwriting Concession: 	1.625%

Fund Name:               	Multi Sector Income Fund
Security Description:    	CHS/COMMUNITY HEALTH SYS COMPANY GUAR 144A
				02/22 6.878
Trade Date:              	01/15/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	B of A Merrill Lynch
Purchase Price:          	$100.000
Shares/Par:              	620,000
Underwriting Concession: 	2.000%

Fund Name:               	Multi Sector Income Fund
Security Description:    	CHS/COMMUNITY HEALTH SYS COMPANY GUAR 144A
				08/21 5.125%
Trade Date:              	01/15/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	B of A Merrill Lynch
Purchase Price:          	$100.000
Shares/Par:              	195,000
Underwriting Concession: 	1.750%

Fund Name:               	Multi Sector Income Fund
Security Description:    	Century Intermediate Holdings Corporation /
				American Greetings, CIHC 9.75% 02/2019
Trade Date:              	02/05/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	B of A Merrill Lynch
Purchase Price:          	$99.000
Shares/Par:              	175,000
Underwriting Concession: 	2.000%

Fund Name:               	Multi Sector Income Fund
Security Description:    	Greektown Holdings LLC /
				Greektown Mothership Corp 144A,
				GRKTP 8.875% 03/15/2019
Trade Date:              	02/26/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Jefferies High Yield Trading
Purchase Price:          	$100.000
Shares/Par:              	2,440,000
Underwriting Concession: 	2.250%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Regal Entertainment Group, RGC 5.75%
				03/15/2022
Trade Date:              	02/25/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Credit Suisse Securities
Purchase Price:          	$100.000
Shares/Par:              	3,425,000
Underwriting Concession: 	1.625%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Ocwen Financial Corp Company, OCN 6.625%
				05/15/2019
Trade Date:              	05/07/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Barclays Capital
Purchase Price:          	$100.000
Shares/Par:              	250,000
Underwriting Concession: 	1.625%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Memorial Resource Development Corporation
				144A, MRD 5.875% 07/01/2022
Trade Date:              	06/25/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Citigroup Global Markets Inc
Purchase Price:          	$100.000
Shares/Par:              	500,000
Underwriting Concession: 	2.000%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Rose Rock Midstream LP / Rose Rock
				Finance Corp 144A, RRMS 5.625% 07/15/2022
Trade Date:              	06/27/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Deutsche Bank Securities
Purchase Price:          	$100.000
Shares/Par:              	215,000
Underwriting Concession: 	2.000%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Compressco Partners LP / Compressco
				Finance Corp, GSJK 7.25% 08/15/2022
Trade Date:              	07/29/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	B of A Merrill Lynch
Purchase Price:          	$98.510
Shares/Par:              	440,000
Underwriting Concession: 	2.000%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Ultra Petroleum Corporation 144A,
				UPL 6.125% 10/01/2024
Trade Date:              	09/04/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Goldman Sachs
Purchase Price:          	$100.000
Shares/Par:              	635,000
Underwriting Concession: 	1.375%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	CBS Outdoor Americas Capital LLC /
				CBS Outdoor Americas Capital Corp 144A,
				CBS 5.875% 03/15/2025
Trade Date:              	09/16/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Goldman Sachs
Purchase Price:          	$100.000
Shares/Par:              	685,000
Underwriting Concession: 	1.500%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Aecom Technology Corporation 144A,
				CM 5.75% 10/15/2022
Trade Date:              	09/17/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Bank of America Securities
Purchase Price:          	$100.000
Shares/Par:              	215,000
Underwriting Concession: 	1.000%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Aecom Technology Corporation 144A,
				CM 5.875% 10/15/2024
Trade Date:              	09/17/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Bank of America Securities
Purchase Price:          	$100.000
Shares/Par:              	650,000
Underwriting Concession: 	1.500%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	GEO Group Inc, GEO 5.875% 10/01/2024
Trade Date:              	09/22/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	Bank of America Securities
Purchase Price:          	$100.000
Shares/Par:              	465,000
Underwriting Concession: 	1.500%

Fund Name:               	Multi-Sector Income Fund
Security Description:    	Northern Tier Energy LLC /
				Northern Tier Finance Corporation 144A,
				NTI 7.125% 11/15/2020
Trade Date:              	09/22/14
Affiliated Principal
 Underwriter:            	Wells Fargo Securities
Executing Broker:        	JP Morgan Securities
Purchase Price:          	$105.750
Shares/Par:              	825,000
Underwriting Concession: 	1.750%

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>3
<FILENAME>auditletter.txt
<DESCRIPTION>AUDIT LETTER
<TEXT>
Report of Independent Registered Public Accounting Firm


To the Board of Trustees and Shareholders of
Wells Fargo Advantage Multi-Sector Income Fund:


In planning and performing our audit of the financial
statements of the Wells Fargo Advantage Multi-Sector Income
Fund (the Fund), as of and for the year ended October 31,
2014, in accordance with the standards of the Public Company
Accounting Oversight Board (United States), we considered the Fund's
internal control over financial reporting, including controls over
safeguarding securities, as a basis for designing our auditing
procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, but not
for the purpose of expressing an opinion on the effectiveness of the
Funds internal control over financial reporting. Accordingly, we
express no such opinion.

Management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related
costs of controls. A company's internal control over financial
reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with
generally accepted accounting principles (GAAP). A company's internal
control over financial reporting includes those policies and procedures
that (1) pertain to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and dispositions
of the assets of the company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of financial
statements in accordance with GAAP, and that receipts and expenditures
of the company are being made only in accordance with authorizations of
management and trustees of the company; and (3) provide reasonable
assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the company's assets that could
have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections
of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow management
or employees, in the normal course of performing their assigned
functions, to prevent or detect misstatements on a timely basis.
A material weakness is a deficiency, or a combination of deficiencies,
in internal control over financial reporting, such that there is a
reasonable possibility that a material misstatement of a funds annual
or interim financial statements will not be prevented or detected on a
timely basis.

Our consideration of the Funds internal control over financial
reporting was for the limited purpose described in the first paragraph
and would not necessarily disclose all deficiencies in internal control
that might be material weaknesses under standards established by the
Public Company Accounting Oversight Board (United States). However, we
noted no deficiencies in the Funds internal control over financial
reporting and its operation, including controls over safeguarding
securities that we consider to be a material weakness as defined above
as of October 31, 2014.

This report is intended solely for the information and use of management
and the Board of Trustees of Wells Fargo Advantage Multi-Sector Income
Fund and the Securities and Exchange Commission and is not intended to
be and should not be used by anyone other than these specified parties.

/s/ KPMG LLP

Boston, Massachusetts
December 23, 2014


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
