Allspring Funds Trust has made a notable change to its investment strategy for the Allspring Small Company Value Fund. The Board of Trustees approved a proposal to disconnect the master-feeder structure under which the fund previously invested 100% of its assets. This decision was made during a meeting held on November 10-11, 2026, and is set to take effect on April 16, 2027.

Under the new structure, the Allspring Small Company Value Fund will begin to invest substantially all of its assets directly in a portfolio of securities. This change aims to enhance the fund's operational efficiency and streamline its investment process.

The filing noted, “On the Effective Date, the first paragraph of the Fund’s principal investment strategy will be deleted, and all references to the ‘master portfolio’ or Small Company Value Portfolio, as applicable, will be removed or replaced with references to the Fund throughout the prospectus, summary prospectus and statement of additional information.”

Allspring Funds Trust, previously known as Wells Fargo Funds Trust, is an investment management company based in Charlotte, North Carolina. The company is focused on providing various investment funds, including equity funds, to meet the diverse needs of investors.

This strategic shift may affect investors in the Allspring Small Company Value Fund, as well as other stakeholders in the investment management industry. Competitors may need to consider similar adjustments to their fund structures in light of Allspring's decision.

The filing does not say what happens next regarding other potential changes or implications for investors.