SUPPLEMENT TO THE PROSPECTUS AND SUMMARY PROSPECTUS
OF
ALLSPRING TAXABLE FIXED INCOME
For the Allspring Core Plus Bond Fund
Allspring Government Securities Fund
Allspring High Yield Bond Fund
Allspring Short Duration Government Bond Fund
Allspring Short-Term Bond Plus Fund
Allspring Short-Term High Income Fund
Allspring Ultra Short-Term Income Fund
(each a “Fund”, together the “Funds”)
Effective on or around July 1, 2026, the Fund’s Annual Fund Operating Expenses and Example of Expenses tables in the section entitled “Fund Summary - Fees and Expenses” are hereby amended with the following:
Core Plus Bond Fund
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1 | ||
| A | C |
Management Fees | 0.37% | 0.37% |
Distribution (12b-1) Fees | 0.00% | 0.75% |
Other Expenses | 0.41% | 0.41% |
Total Annual Fund Operating Expenses | 0.78% | 1.53% |
Fee Waivers | (0.12)% | (0.12)% |
Total Annual Fund Operating Expenses After Fee Waivers2 | 0.66% | 1.41% |
| 1. | Expenses have been adjusted as necessary from amounts incurred during the Fund’s most recent fiscal year to reflect current fees and expenses. |
| 2. | The Manager has contractually committed through December 31, 2027, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.66% for Class A and at 1.41% for Class C. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. |
ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY: | AFTER 1 YEAR | AFTER 3 YEARS | AFTER 5 YEARS | AFTER 10 YEARS |
Class A | $514 | $664 | $841 | $1,351 |
Class C | $244 | $459 | $811 | $1,803 |
ASSUMING YOU HELD YOUR SHARES, YOU WOULD PAY: | AFTER 1 YEAR | AFTER 3 YEARS | AFTER 5 YEARS | AFTER 10 YEARS |
Class C | $144 | $459 | $811 | $1,803 |
Government Securities Fund
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1 | |
| A |
Management Fees | 0.45% |
Distribution (12b-1) Fees | 0.00% |
Other Expenses | 0.47% |
Total Annual Fund Operating Expenses | 0.92% |
Fee Waivers | (0.10)% |
Total Annual Fund Operating Expenses After Fee Waivers2 | 0.82% |
| 1. | Expenses have been adjusted as necessary from amounts incurred during the Fund’s most recent fiscal year to reflect current fees and expenses. |
| 2. | The Manager has contractually committed through December 31, 2027, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.82% for Class A. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior |
| to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. |
ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY: | AFTER 1 YEAR | AFTER 3 YEARS | AFTER 5 YEARS | AFTER 10 YEARS |
Class A | $530 | $711 | $917 | $1,512 |
High Yield Bond Fund
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1 | |
| A |
Management Fees | 0.55% |
Distribution (12b-1) Fees | 0.00% |
Other Expenses | 0.49% |
Total Annual Fund Operating Expenses | 1.04% |
Fee Waivers | (0.14)% |
Total Annual Fund Operating Expenses After Fee Waivers2 | 0.90% |
| 1. | Expenses have been adjusted as necessary from amounts incurred during the Fund’s most recent fiscal year to reflect current fees and expenses. |
| 2. | The Manager has contractually committed through December 31, 2027, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.90% for Class A. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. |
ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY: | AFTER 1 YEAR | AFTER 3 YEARS | AFTER 5 YEARS | AFTER 10 YEARS |
Class A | $538 | $739 | $972 | $1,639 |
Short Duration Government Bond Fund
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1 | |
| A |
Management Fees | 0.35% |
Distribution (12b-1) Fees | 0.00% |
Other Expenses | 0.51% |
Total Annual Fund Operating Expenses | 0.86% |
Fee Waivers | (0.10)% |
Total Annual Fund Operating Expenses After Fee Waivers2 | 0.76% |
| 1. | Expenses have been adjusted as necessary from amounts incurred during the Fund’s most recent fiscal year to reflect current fees and expenses. |
| 2. | The Manager has contractually committed through December 31, 2027, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.76% for Class A. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. |
ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY: | AFTER 1 YEAR | AFTER 3 YEARS | AFTER 5 YEARS | AFTER 10 YEARS |
Class A | $276 | $449 | $648 | $1,221 |
Short-Term Bond Plus Fund
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1 | |
| A |
Management Fees | 0.35% |
Distribution (12b-1) Fees | 0.00% |
Other Expenses | 0.44% |
Acquired Fund Fees and Expenses | 0.01% |
Total Annual Fund Operating Expenses | 0.80% |
Fee Waivers | (0.19)% |
Total Annual Fund Operating Expenses After Fee Waivers2 | 0.61% |
| 1. | Expenses have been adjusted as necessary from amounts incurred during the Fund’s most recent fiscal year to reflect current fees and expenses. |
| 2. | The Manager has contractually committed through December 31, 2027, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.60% for Class A. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. |
ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY: | AFTER 1 YEAR | AFTER 3 YEARS | AFTER 5 YEARS | AFTER 10 YEARS |
Class A | $261 | $412 | $598 | $1,134 |
Short-Term High Income Fund
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1 | ||
| A | C |
Management Fees | 0.47% | 0.47% |
Distribution (12b-1) Fees | 0.00% | 0.75% |
Other Expenses | 0.41% | 0.41% |
Acquired Fund Fees and Expenses | 0.01% | 0.01% |
Total Annual Fund Operating Expenses | 0.89% | 1.64% |
Fee Waivers | (0.07)% | (0.07)% |
Total Annual Fund Operating Expenses After Fee Waivers2 | 0.82% | 1.57% |
| 1. | Expenses have been adjusted as necessary from amounts incurred during the Fund’s most recent fiscal year to reflect current fees and expenses. |
| 2. | The Manager has contractually committed through December 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.81% for Class A and at 1.56% for Class C. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. |
ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY: | AFTER 1 YEAR | AFTER 3 YEARS | AFTER 5 YEARS | AFTER 10 YEARS |
Class A | $381 | $569 | $772 | $1,357 |
Class C | $260 | $510 | $885 | $1,938 |
ASSUMING YOU HELD YOUR SHARES, YOU WOULD PAY: | AFTER 1 YEAR | AFTER 3 YEARS | AFTER 5 YEARS | AFTER 10 YEARS |
Class C | $160 | $510 | $885 | $1,938 |
Ultra Short-Term Income Fund
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1 | ||
| A | A2 |
Management Fees | 0.25% | 0.25% |
Distribution (12b-1) Fees | 0.00% | 0.00% |
Other Expenses | 0.42% | 0.32% |
Acquired Fund Fees and Expenses | 0.01% | 0.01% |
Total Annual Fund Operating Expenses | 0.68% | 0.58% |
Fee Waivers | (0.17)% | (0.17)% |
Total Annual Fund Operating Expenses After Fee Waivers2 | 0.51% | 0.41% |
| 1. | Expenses have been adjusted as necessary from amounts incurred during the Fund’s most recent fiscal year to reflect current fees and expenses. |
| 2. | The Manager has contractually committed through December 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.50% for Class A and at 0.40% for Class A2. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. |
ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY: | AFTER 1 YEAR | AFTER 3 YEARS | AFTER 5 YEARS | AFTER 10 YEARS |
Class A | $251 | $396 | $555 | $1,014 |
Class A2 | $42 | $169 | $307 | $710 |
July 1, 2026 | PRO0059 07-26 |