WMSAX Fees and Costs — Allspring Municipal Sustainability Fund, Class A
Data updated: 2024-11-25
The net expense ratio is 0.75%: a 0.40% management fee plus 1.06% other expenses, less a 0.71% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 19%.
WMSAX Fees and Expenses
Annual operating expenses and sales charges of WMSAX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.06% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.71% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
WMSAX Costs Over Time
On $10,000 invested in WMSAX, assuming 5% a year before costs, total costs come to $1,025 over 5 years, cutting the return by 1.74% 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 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.75%) | $75 | $235 | $409 |
| Lost growth on money paid in costs | $22 | $83 | $166 |
| Total costs | $548 | $768 | $1,025 |
| Value after costs | $9,952 | $10,808 | $11,738 |
| Impact on return, per year | 5.48% | 2.37% | 1.74% |
WMSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $31.5M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
WMSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $15.6M | 51.65% |
| Wells Fargo Securities, LLC | $8.6M | 28.54% |
| Morgan Stanley & Co. LLC | $1.7M | 5.71% |
| J.P. Morgan Securities LLC | $900K | 2.98% |
| Jefferies LLC | $674K | 2.24% |
| Citigroup Global Markets Inc. | $642K | 2.13% |
| BofA Securities, Inc. | $537K | 1.78% |
| Barclays Capital Inc. | $536K | 1.78% |
| Robert W. Baird & Co. Incorporated | $496K | 1.64% |
| D.A. Davidson & Co. | $470K | 1.56% |
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.