M&A - ALLSPRING FUNDS TRUST

Form Type: 497K

Filing Date: 2025-05-30

Corporate Action: Merger

Type: New

Accession Number: 000108140025000238

Filing Summary: On May 27-29, 2025, the Board of Trustees of Allspring Funds Trust approved the merger of several Funds into other Funds within the Trust. The mergers include: Allspring Adjustable Rate Government Fund merging into Allspring Ultra Short-Term Income Fund, Allspring Discovery Small Cap Growth Fund merging into Allspring Emerging Growth Fund, and Allspring Large Company Value Fund merging into Allspring Special Large Cap Value Fund. These mergers are intended to be tax-free reorganizations, ensuring that Target Fund shareholders will not recognize any gain or loss for U.S. federal income tax purposes. Shareholders will not incur sales loads or transaction charges as a result of the mergers, expected to occur around July 25, 2025. Shareholders of Target Funds can continue to purchase and redeem shares before the mergers, and additional information will be communicated in a prospectus to be mailed in July 2025. References to affected Funds will be removed following the mergers.

Form Type: 497K

Filing Date: 2025-05-30

Corporate Action: Merger

Type: New

Accession Number: 000108140025000239

Filing Summary: On May 27-29, 2025, the Board of Trustees of Allspring Funds Trust unanimously approved the merger of several Funds into other Funds within the Trust. This includes the merger of the Allspring Adjustable Rate Government Fund into the Allspring Ultra Short-Term Income Fund, the Allspring Discovery Small Cap Growth Fund into the Allspring Emerging Growth Fund, and the Allspring Large Company Value Fund into the Allspring Special Large Cap Value Fund. Each merger is intended to be a tax-free reorganization, meaning that shareholders of the Target Funds will not recognize any gain or loss for U.S. federal income tax purposes. Shareholders will not incur any sales loads or transaction charges due to the mergers, which are expected to be finalized on or about July 25, 2025. Shareholders can continue to buy and redeem shares before the mergers, which will not require any action on their part. Detailed information regarding the mergers will be sent to shareholders in a prospectus/information statement expected to be mailed in July 2025. After the mergers are completed, the referenced Target Funds will be removed from documentation.

Form Type: 497K

Filing Date: 2025-05-30

Corporate Action: Merger

Type: New

Accession Number: 000108140025000240

Filing Summary: On May 27-29, 2025, the Board of Trustees of Allspring Funds Trust approved the merger of several Funds into other Funds within the Trust. Each Target Fund listed will merge into an Acquiring Fund, forming a total of three Mergers as proposed by Allspring Funds Management, LLC. The Target Funds include Allspring Adjustable Rate Government Fund, Allspring Discovery Small Cap Growth Fund, and Allspring Large Company Value Fund, merging into Allspring Ultra Short-Term Income Fund, Allspring Emerging Growth Fund, and Allspring Special Large Cap Value Fund, respectively. These Mergers are intended to be tax-free reorganizations, with shareholders not recognizing any gain or loss for U.S. federal income tax purposes. There will be no sales loads or similar transaction charges incurred by shareholders. The Mergers are expected to occur on or about July 25, 2025, with no necessary action from shareholders. Further details will be provided in a prospectus/information statement expected to be mailed to shareholders in July 2025. Following the Mergers, the references to the aforementioned Target Funds will be removed.

Form Type: N-14

Filing Date: 2025-05-30

Corporate Action: Merger

Type: New

Accession Number: 000108140025000246

Filing Summary: On May 27-29, 2025, the Board of Trustees of Allspring Funds Trust approved several mergers involving the Target Funds and Acquiring Funds, which will take place on or about July 25, 2025. The mergers do not require proxy approval from Target Fund shareholders. Each Target Fund will transfer all of its assets and liabilities to its corresponding Acquiring Fund in exchange for shares of the Acquiring Fund. The mergers are expected to be tax-free reorganizations for U.S. federal income tax purposes. Shareholders will not incur any sales charges related to the mergers, and the value of shares held in the Acquiring Fund will equal the value of the Target Fund shares before the merger. The document includes detailed comparisons of investment objectives, strategies, and the associated risks between the Target Funds and Acquiring Funds. The key features of the mergers include a plan for liquidating the Target Funds by distributing shares of the Acquiring Funds to their respective shareholders, with Allspring Funds Management covering the costs of the mergers.

Form Type: 497

Filing Date: 2025-05-30

Corporate Action: Merger

Type: Update

Accession Number: 000108140025000230

Filing Summary: The Board of Trustees of Allspring Funds Trust unanimously approved a series of mergers involving the listed Funds, which are scheduled to take place on or about July 25, 2025. Each Target Fund, including Allspring Adjustable Rate Government Fund, Allspring Discovery Small Cap Growth Fund, and Allspring Large Company Value Fund, will merge into designated Acquiring Funds. The Mergers are proposed as tax-free reorganizations, meaning shareholders will not recognize any gain or loss for U.S. federal income tax purposes or incur sales loads as a result of the Mergers. Shareholder action is not necessary for the Mergers, and additional information regarding each Merger will be communicated to Target Fund shareholders in a forthcoming prospectus expected to be mailed in July 2025. Following the Mergers, references to the merging Funds will be removed.