WGCIX Fees and Costs — Allspring Global Investment Grade Credit Fund, Institutional Class
Data updated: 2025-02-26
The net expense ratio is 0.50%: a 0.40% management fee plus 0.77% other expenses, less a 0.67% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 12%.
WGCIX Fees and Expenses
Annual operating expenses and sales charges of WGCIX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.77% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.67% |
| Net expense ratio | 0.50% |
| 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 |
WGCIX Costs Over Time
On $10,000 invested in WGCIX, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
WGCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $35.7M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
WGCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $19.5M | 62.94% |
| J.P. Morgan Securities LLC | $1.8M | 5.89% |
| Goldman Sachs & Co. LLC | $1.8M | 5.84% |
| BNP Paribas Securities Corp. | $1.4M | 4.49% |
| Barclays Capital Inc. | $1.4M | 4.42% |
| Morgan Stanley & Co. LLC | $1.3M | 4.29% |
| Citigroup Global Markets Inc. | $1.2M | 3.96% |
| Deutsche Bank Securities Inc. | $1.1M | 3.40% |
| Jane Street Capital, LLC | $893K | 2.88% |
| BofA Securities, Inc. | $586K | 1.89% |
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.