SUPPLEMENT TO THE PROSPECTUS AND SUMMARY PROSEPCTUS
OF
ALLSPRING TAXABLE FIXED INCOME FUNDS
For the Allspring Core Bond Fund (the “Fund”)
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 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 Fees2 | 0.40% | 0.40% |
Distribution (12b-1) Fees | 0.00% | 0.75% |
Other Expenses3 | 0.39% | 0.39% |
Total Annual Fund Operating Expenses | 0.79% | 1.54% |
Fee Waivers | (0.10)% | (0.10)% |
Total Annual Fund Operating Expenses After Fee Waivers4 | 0.69% | 1.44% |
| 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. | Reflects the fees charged by Allspring Funds Management for providing investment advisory services to the master portfolio in which the Fund invests substantially all of its assets. |
| 3. | Includes other expenses allocated from the master portfolio in which the Fund invests. |
| 4. | The Manager has contractually committed through August 31, 2027, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.69% for Class A and at 1.44% 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 | $517 | $671 | $850 | $1,366 |
Class C | $247 | $466 | $820 | $1,817 |
ASSUMING YOU HELD YOUR SHARES, YOU WOULD PAY: | AFTER 1 YEAR | AFTER 3 YEARS | AFTER 5 YEARS | AFTER 10 YEARS |
Class C | $147 | $466 | $820 | $1,817 |
July 1, 2026 | PRO0940 07-26 |
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