C000238744 Fees and Costs — Allspring U.S. Long/Short Equity Fund, Class R6
Data updated: 2024-06-25
The net expense ratio is 1.82%: a 1.10% management fee plus 2.16% other expenses, less a 1.45% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $25K in broker commissions, 0.1616% of average net assets, and portfolio turnover was 322%.
C000238744 Fees and Expenses
Annual operating expenses and sales charges of C000238744. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.16% |
| Gross expense ratio | 3.27% |
| Fee waiver | −1.45% |
| Net expense ratio | 1.82% |
| 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 |
C000238744 Costs Over Time
On $10,000 invested in C000238744, assuming 5% a year before costs, total costs come to $1,215 over 5 years, cutting the return by 2.08% 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 1.82%) | $191 | $590 | $1,013 |
| Trading costs (broker commissions) | $17 | $52 | $90 |
| Lost growth on money paid in costs | $0 | $32 | $113 |
| Total costs | $208 | $675 | $1,215 |
| Value after costs | $10,292 | $10,902 | $11,547 |
| Impact on return, per year | 2.08% | 2.08% | 2.08% |
C000238744 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1616%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $88.9M
- Portfolio turnover (prospectus): 322%
- Securities lending: none during the year
C000238744 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $10K | 38.96% |
| Piper Sandler & Co. | $9K | 37.02% |
| Citigroup Global Markets Inc. | $5K | 20.05% |
| UBS Securities LLC | $394 | 1.55% |
| Virtu Americas LLC | $281 | 1.10% |
| RBC Capital Markets, LLC | $210 | 0.82% |
| Morgan Stanley & Co. LLC | $82 | 0.32% |
| Guardian Capital LP | $25 | 0.10% |
| Sanford C. Bernstein & Co., LLC | $19 | 0.07% |
| Nomura Securities International, Inc. | $0 | 0.00% |
C000238744 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $52.0M | 58.42% |
| SG Americas Securities, LLC | $37.0M | 41.58% |
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.