WMTIX Fees and Costs — Allspring Minnesota Tax-Free Fund, Institutional Class
Data updated: 2026-09-08
The net expense ratio is 0.52%: a 0.40% management fee plus 0.19% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 21%.
WMTIX Fees and Expenses
Annual operating expenses and sales charges of WMTIX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.59% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.52% |
| 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 |
WMTIX Costs Over Time
On $10,000 invested in WMTIX, assuming 5% a year before costs, total costs come to $328 over 5 years, cutting the return by 0.55% 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 0.52%) | $55 | $171 | $298 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $55 | $180 | $328 |
| Value after costs | $10,445 | $11,397 | $12,434 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
WMTIX 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): $116.8M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
WMTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $33.2M | 31.48% |
| State Street Bank and Trust Company | $31.6M | 29.98% |
| BNY Capital Markets, LLC | $9.4M | 8.88% |
| RBC Capital Markets, LLC | $7.6M | 7.18% |
| Goldman Sachs & Co. LLC | $6.1M | 5.81% |
| J.P. Morgan Securities LLC | $4.4M | 4.21% |
| Robert W. Baird & Co. Incorporated | $4.3M | 4.12% |
| Wells Fargo Securities, LLC | $3.1M | 2.95% |
| Academy Securities, Inc. | $2.9M | 2.72% |
| Loop Capital Markets LLC | $2.8M | 2.67% |
Allspring Minnesota Tax-Free Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WMTIX | Institutional Class | 0.52% | none |
| NWMIX | Administrator Class | 0.60% | none |
| NMTFX | Class A | 0.83% | 4.50% |
| WMTCX | Class C | 1.59% | 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.