SMAIX Fees and Costs — Allspring Ultra Short-Term Municipal Income Fund, Institutional Class
Data updated: 2026-09-08
The net expense ratio is 0.25%: a 0.25% management fee plus 0.11% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 50%.
SMAIX Fees and Expenses
Annual operating expenses and sales charges of SMAIX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.36% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.25% |
| 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 |
SMAIX Costs Over Time
On $10,000 invested in SMAIX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
SMAIX 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): $3.1B
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
SMAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $965.5M | 33.88% |
| J.P. Morgan Securities LLC | $487.5M | 17.11% |
| State Street Bank and Trust Company | $417.8M | 14.66% |
| BofA Securities, Inc. | $322.2M | 11.30% |
| Barclays Capital Inc. | $170.4M | 5.98% |
| Morgan Stanley & Co. LLC | $136.2M | 4.78% |
| RBC Capital Markets, LLC | $127.9M | 4.49% |
| U.S. Bancorp Investments, Inc. | $112.2M | 3.94% |
| BNY Capital Markets, LLC | $71.1M | 2.50% |
| Stifel, Nicolaus & Company, Incorporated | $39.3M | 1.38% |
Allspring Ultra Short-Term Municipal Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WUSRX | Class R6 | 0.20% | none |
| SMAIX | Institutional Class | 0.25% | none |
| WFUNX | Class A2 | 0.40% | none |
| SMAVX | Class A | 0.50% | 2.00% |
| WUSMX | Administrator Class | 0.50% | none |
| WFUSX | Class C | 1.25% | 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.