WMSRX Fees and Costs — Allspring Municipal Sustainability Fund, Class R6
Data updated: 2024-11-25
The net expense ratio is 0.40%: a 0.40% management fee plus 0.69% other expenses, less a 0.69% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 19%.
WMSRX Fees and Expenses
Annual operating expenses and sales charges of WMSRX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.69% |
| Net expense ratio | 0.40% |
| 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 |
WMSRX Costs Over Time
On $10,000 invested in WMSRX, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
WMSRX 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
WMSRX 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.