Allspring Funds Trust has filed a new prospectus for its Allspring Short-Term Municipal Bond Fund, which aims to provide current income exempt from federal income tax while ensuring capital preservation. This filing, dated October 22, 2026, is significant for investors seeking tax-exempt income options in a competitive investment landscape.
Allspring Funds Trust, previously known as Wells Fargo Funds Trust, operates under the investment entity type. The firm is based in Charlotte, North Carolina, and is known for its various mutual fund offerings. The recent filing is part of a series of updates, including multiple filings on the same day, indicating active management of their fund offerings.
The filing includes details about the fund's structure, including classes of shares such as Class A (WSMAX), Class C (WSSCX), Class R6 (WSSRX), and Institutional Class (WSBIX). It emphasizes the importance of reviewing the prospectus for comprehensive information about the fund's risks and fees.
The Allspring Short-Term Municipal Bond Fund's investment objective is to provide current income that is exempt from federal income tax while maintaining capital preservation. The prospectus outlines various fees and expenses associated with investing in the fund, which are crucial for potential investors to consider.
According to the filing, the maximum sales charge for Class A shares is 2.00%, while Class C shares do not have a sales charge. The fund's annual operating expenses are detailed, with Class A shares having total expenses of 0.75% and Class C shares at 1.50%. Additionally, the filing notes that the manager has committed to waiving fees to keep total annual operating expenses lower for certain classes of shares.
This update may affect current and prospective investors in Allspring's funds as they assess their options in the municipal bond market. The filing does not specify what actions will follow this update, but it indicates the firm's ongoing commitment to transparency and investor communication.
For more information, interested parties can access the full prospectus and additional resources through Allspring's website or by contacting their shareholder services.