Allspring Funds Management serves as an investment advisor for various U.S. registered mutual funds, exchange-traded funds, closed-end funds, and offshore funds. Allspring also participates in managed account programs offered by other financial institutions, including high net worth individuals, trusts, retirement plans, corporations, partnerships, and charitable organizations. Allspring contracts with sub-advisers to provide day-to-day portfolio management services. Allspring oversees the sub-advisers and makes strategic investment decisions.
Fee Structure
Allspring Funds Management negotiates investment advisory fees with each managed account program sponsor. These fees generally range from 0.07% to 0.75% of the value of the client's assets managed. The total annual fees charged by sponsors generally include Allspring's fee. Fees are generally payable quarterly based on the calendar quarter-end market value. Clients also pay the fees and expenses of the underlying investments.