AGAZX Fees and Costs — Allspring Global Long/Short Equity Fund, Institutional Class
Data updated: 2025-03-27
The net expense ratio is 2.77% (2.86% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1.1M in broker commissions, 0.2187% of average net assets, and portfolio turnover was 285%.
AGAZX Fees and Expenses
Annual operating expenses and sales charges of AGAZX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.59% |
| Gross expense ratio | 2.86% |
| Fee waiver | −0.09% |
| Net expense ratio | 2.77% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AGAZX Costs Over Time
On $10,000 invested in AGAZX, assuming 5% a year before costs, total costs come to $1,797 over 5 years, cutting the return by 3.14% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.77%) | $291 | $889 | $1,509 |
| Trading costs (broker commissions) | $23 | $70 | $119 |
| Lost growth on money paid in costs | $0 | $48 | $168 |
| Total costs | $314 | $1,007 | $1,797 |
| Value after costs | $10,186 | $10,569 | $10,966 |
| Impact on return, per year | 3.14% | 3.14% | 3.14% |
AGAZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2187%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 285%
- Securities lending: none during the year
AGAZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $244K | 27.64% |
| Morgan Stanley & Co. LLC | $154K | 17.47% |
| Piper Sandler & Co. | $124K | 14.04% |
| RBC Capital Markets, LLC | $77K | 8.76% |
| Daiwa Capital Markets America Inc. | $76K | 8.60% |
| SG Americas Securities, LLC | $58K | 6.54% |
| J.P. Morgan Securities LLC | $50K | 5.66% |
| Citigroup Global Markets Inc. | $36K | 4.03% |
| Goldman Sachs & Co. LLC | $35K | 3.96% |
| Jefferies LLC | $29K | 3.28% |
AGAZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $1.6B | 79.94% |
| Wells Fargo Securities, LLC | $404.6M | 20.06% |
| Morgan Stanley & Co. LLC | $1K | 0.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.