ASTM Fees and Costs — Allspring Strategic Municipal Bond Fund
Data updated: 2026-10-14
The net expense ratio is 0.42%: a 0.37% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 15%.
ASTM Fees and Expenses
Annual operating expenses and sales charges of ASTM. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ASTM Costs Over Time
On $10,000 invested in ASTM, assuming 5% a year before costs, total costs come to $266 over 5 years, cutting the return by 0.44% 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 0.42%) | $44 | $138 | $242 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $145 | $266 |
| Value after costs | $10,456 | $11,431 | $12,497 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
ASTM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
ASTM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $956.0M | 43.54% |
| State Street Bank and Trust Company | $423.5M | 19.29% |
| J.P. Morgan Securities LLC | $265.7M | 12.10% |
| BofA Securities, Inc. | $157.8M | 7.19% |
| RBC Capital Markets, LLC | $98.0M | 4.46% |
| Barclays Capital Inc. | $75.4M | 3.43% |
| U.S. Bancorp Investments, Inc. | $65.0M | 2.96% |
| Truist Securities, Inc. | $63.5M | 2.89% |
| Goldman Sachs & Co. LLC | $52.0M | 2.37% |
| BNY Capital Markets, LLC | $38.7M | 1.76% |
Allspring Strategic Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ASTM | C000281857 | 0.42% | — |
| VMPRX | Class R6 | 0.42% | none |
| STRIX | Institutional Class | 0.47% | none |
| VMPYX | Administrator Class | 0.68% | none |
| VMPAX | Class A | 0.78% | 4.00% |
| DHICX | Class C | 1.53% | none |
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.