FEE AND EXPENSE AGREEMENT
THIS AMENDED AND RESTATED FEE AND EXPENSE AGREEMENT is made as of October 3, 2008, as amended and restated as of January 1, 2022, among Allspring Funds Trust (the “Trust”), a Delaware statutory trust, for itself and on behalf of its series listed from time to time in Schedule A and B attached hereto (individually referred to as the “Fund” or collectively referred to as the “Funds”), Allspring Master Trust (“Master Trust”), a Delaware statutory trust, and Allspring Funds Management, LLC (“Funds Management” or the “Adviser”), a limited liability company organized under the laws of the State of Delaware.
WHEREAS, each of the Trust and Master Trust is an open-end investment company registered under the Investment Company Act of 1940; and
WHEREAS, Funds Management serves as investment adviser and/or administrator to each of the Funds pursuant to an investment advisory agreement (the “Investment Advisory Agreement”) and/or an administration agreement (the “Administration Agreement”);
NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:
1.
Limitation on Total Operating Expense Ratios. The Adviser hereby agrees to waive any advisory fees payable to it under the Investment Advisory Agreement, waive any administration fees payable to it under the Administration Agreement, and/or reimburse other expenses of the Funds or a class to the extent necessary to maintain a total operating expense ratio for each class of each Fund that does not exceed its capped operating expense ratio (each, a “Capped Operating Expense Ratio”) as set forth from time to time in Schedule A attached hereto (each, a “Commitment”). The operating expenses that may not exceed the Capped Operating Expense Ratio do not include expenses that are not included in calculating a fund’s operating expense ratio as reflected in its audited financial highlights (such as brokerage commissions, stamp duty fees, interest, taxes or acquired fund fees and expense), prime broker fees, dividend and interest expense on securities sold short and do not include Extraordinary Expenses. Extraordinary Expenses shall include other expenses as are determined by a vote of the majority of the Trustees to be Extraordinary Expenses for this purpose.
1
2.
Application of the Commitments to Tiered Funds. A Fund that invests in shares of a money market Fund need not attribute the money market Fund’s fees to the investing Fund’s operating expenses. A non-Spectrum Fund that invests in shares of a Allspring Master Trust portfolio or in shares of a non-money market Fund shall attribute the portfolio’s or non-money market Fund’s fees to the investing Fund’s operating expenses. A Dynamic Target Date Fund that invests in securities of any registered investment company other than a money market Fund shall attribute the registered investment company’s fees to the investing Fund’s operating expenses. A Spectrum Fund that invests in shares of a Allspring Master Trust Portfolio or in shares of a non-money market Fund need not attribute the portfolio’s or non-money market Fund’s fees to the investing Fund’s operating expenses. Except as expressly provided in this Section 2, a Fund that invests in securities of any registered investment company need not attribute the fees of such other registered investment company to the investing Fund’s operating expenses.
3.
Duration of the Commitments.
(a)
Initial Waiver. The parties agree that Funds Management will maintain the Capped Operating Expense Ratios until the expiration/renewal date specified in Schedule A (the “Expiration/Renewal Date”).
(b)
Automatic Renewal of the Commitments. The parties agree that each Commitment will renew automatically for a period of one year from each anniversary of the Expiration/Renewal Date unless, prior to such anniversary date: (i) Funds Management provides notice to the Board to the effect that it has elected not to renew a Commitment for a full year with respect to one or more specified Funds or classes; (ii) Funds Management provides notice to the Board to the effect that it has elected to reduce a listed Capped Operating Expense Ratio with respect to one or more specified Funds or classes; and/or (iii) the Board approves an increase to the listed Capped Operating Expense Ratio with respect to one or more specified Funds or classes. The notice referred to in subparagraphs (i) and (ii), above, or in subparagraph (i) of Subsection 3(c), may take the form of presentation materials delivered to the Board at or before a meeting of the Board, a presentation to the Board at a meeting that is reflected in the minutes of such meeting, or written notice delivered to the Board.
(c)
Funds Management’s Obligations Following Non-Renewal of a Commitment. Following any non-renewal of a Commitment with respect to one or more specified Funds or classes pursuant to Subsection 3(b), Funds Management will nevertheless maintain the listed Capped Operating Expense Ratio of the Fund or class until such time as: (i) Funds Management provides notice to the Board that it is reinstating the Commitment with respect to the Fund or class at the same or a reduced Capped Operating Expense Ratio, in which case the provisions of Subsection 3(b) shall govern thereafter; (ii) the Board approves an increase in the listed Capped Operating Expense Ratio, in which case the provisions of Subsection 3(d) shall govern; or (iii) the Board approves the elimination of any obligation to maintain a specified ratio.
(d)
Board Approval of an Increase in a Capped Operating Expense Ratio. If the Board approves an increase in the listed Capped Operating Expense Ratio of a Fund or class, Funds Management’s Commitment to maintain the higher Capped Operating Expenses Ratio will be governed by the renewal and non-renewal provisions of Subsection 3(b).
2
(e)
Funds Management’s Ability to Reduce a Capped Operating Expense Ratio or Extend the Term of a Commitment. Notwithstanding any other provision of this Agreement, Funds Management may reduce the Capped Operating Expense Ratio of a Fund or a class, or extend the term of the Commitment to maintain the Capped Operating Expense Ratio of a Fund or a class, without prior approval of the Board. Funds Management shall inform the Board of any action taken under this Subsection no later than the next regularly scheduled Board meeting. Unless Funds Management informs the Board that the reduced Capped Operating Expense Ratio will be governed by the renewal and non-renewal provisions of Subsection 3(b), the Capped Operating Expense Ratio of the Fund or class will revert to the Capped Operating Expense Ratio previously in effect at the next Expiration/Renewal Date.
4.
Modification; Amendment. No modification or amendment to this Agreement shall be binding unless in writing and executed by Funds Management, the Trust and, if affected thereby, Allspring Master Trust. Notwithstanding the foregoing, the parties hereby agree that the Schedules may be amended or supplemented by having Funds Management, the Trust and, if affected thereby, Allspring Master Trust execute updated Schedules, without having such action constitute a modification or amendment to this Agreement. Among other matters, the parties intend that: (a) Schedule A shall be updated to reflect any additional Funds or classes that are established from time to time by the Trust and as to which a Capped Operating Expense Ratio is established; (b) Schedule A shall be updated to reflect any increases to Capped Operating Expense Ratios that have been approved by the Board or any reductions in Capped Operating Expense Ratios that have been implemented pursuant to the notice provisions of Subsections 3(b) or 3(c), or any reductions implemented by Funds Management pursuant to Subsection 3(e); (c) Schedule A shall be updated to reflect any term extensions implemented by Funds Management pursuant to Section 3(e); and (d) Schedule A shall designate any Funds or classes as to which a Commitment has not been renewed until (i) a Commitment is reinstated pursuant to Subsection 3(c) or 3(d), or (ii) the Board approves the elimination of any obligation to maintain a specified ratio, at which time such Fund or class shall be moved to Schedule B.
5.
Entire Agreement. This Amended and Restated Agreement constitutes the entire agreement of the parties with respect to its subject matter. Each provision herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement. In addition, each provision herein shall be treated as separate and independent with respect to each Fund.
3
IN WITNESS WHEREOF, the parties have duly executed this Amended and Restated Agreement as of January 1, 2022.
ALLSPRING FUNDS TRUST, for itself and on
behalf of its series listed from time to time on the
Schedules attached hereto
By
Xxxxxxx Xxxxxx
Secretary
ALLSPRING MASTER TRUST
By
Xxxxxxx Xxxxxx
Secretary
ALLSPRING FUNDS MANAGEMENT, LLC
By
Xxxxxx Xxxx
President
4
SCHEDULE A
(Capped Operating Expense Ratios)
|
FUNDS/CLASSES
|
Capped Operating
Expense Ratio
|
Expiration / Renewal Date
|
|
Absolute Return Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.70%
1.45%
0.28%
0.57%
0.33%
|
August 31, 2024
August 31, 2024
August 31, 2024
August 31, 2024
August 31, 2024
|
|
Adjustable Rate Government Fund
Class A
Class C
Administrator Class
Institutional Class
|
0.74%
1.49%
0.60%
0.46%
|
December 31, 2023
December 31, 2023
December 31, 2023
December 31, 2023
|
|
Alternative Risk Premia Fund
Class R6
Institutional Class
|
0.62%
0.72%
|
October 31, 2023
October 31, 2023
|
|
Asset Allocation Fund
Class A
Class C
Administrator Class
Institutional Class
|
1.12%
1.87%
0.95%
0.80%
|
September 30, 2024
September 30, 2024
September 30, 2024
September 30, 2024
|
|
C&B Large Cap Value Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.07%
1.82%
0.65%
1.00%
0.75%
|
September 30, 2024
September 30, 2024
September 30, 2023
September 30, 2023
September 30, 2023
|
|
C&B Mid Cap Value Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.24%
1.99%
0.80%
1.15%
0.90%
|
January 31, 2025
January 31, 2025
January 31, 2024
January 31, 2024
January 31, 2024
|
|
California Limited-Term Tax-Free Fund
Class A
Class C
Administrator Class
Institutional Class
|
0.80%
1.55%
0.60%
0.50%
|
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
|
|
California Tax-Free Fund
Class A
Class C
Administrator Class
Institutional Class
|
0.75%
1.50%
0.55%
0.48%
|
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
|
A-1
|
FUNDS/CLASSES
|
Capped Operating
Expense Ratio
|
Expiration / Renewal Date
|
|
Common Stock Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.25%
2.00%
0.83%
1.10%
0.85%
|
January 31, 2025
January 31, 2025
January 31, 2024
January 31, 2024
January 31, 2024
|
|
Conservative Income Fund
Class A2
Institutional Class
|
0.40%
0.25%
|
December 31, 2023
December 31, 2023
|
|
Core Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.70%
1.45%
0.33%
0.65%
0.38%
|
September 30, 2024
September 30, 2024
September 30, 2024
September 30, 2024
September 30, 2024
|
|
Core Plus Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.67%
1.42%
0.30%
0.60%
0.35%
|
December 31, 2024
December 31, 2024
December 31, 2023
December 31, 2023
December 31, 2023
|
|
Disciplined Small Cap Fund
Class A
Class R6
Administrator Class
Institutional Class
|
0.92%
0.50%
0.85%
0.60%
|
July 31, 2024
July 31, 2024
July 31, 2024
July 31, 2024
|
|
Disciplined U.S. Core Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.86%
1.61%
0.43%
0.74%
0.48%
|
November 30, 2024
November 30, 2024
November 30, 2023
November 30, 2023
November 30, 2023
|
|
Discovery All Cap Growth Fund
Class A
Class C
Administrator Class
Institutional Class
|
1.24%
1.99%
1.10%
0.85%
|
November 30, 2024
November 30, 2024
November 30, 2023
November 30, 2023
|
|
Discovery Innovation Fund
Class A
Class C
Administrator Class
Institutional Class
|
1.22%
1.97%
1.15%
0.90%
|
July 31, 2024
July 31, 2024
July 31, 2024
July 31, 2024
|
|
Discovery Large Cap Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.02%
1.77%
0.60%
0.94%
0.70%
|
November 30, 2024
November 30, 2024
November 30, 2023
November 30, 2023
November 30, 2023
|
A-2
|
FUNDS/CLASSES
|
Capped Operating
Expense Ratio
|
Expiration / Renewal Date
|
|
Discovery Mid Cap Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.18%
1.93%
0.80%
1.10%
0.85%
|
January 31, 2024
January 31, 2024
January 31, 2024
January 31, 2024
January 31, 2024
|
|
Discovery Small Cap Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.22%
1.97%
0.80%
1.15%
0.90%
|
July 31, 2024
July 31, 2024
July 31, 2024
July 31, 2024
July 31, 2024
|
|
Discovery XXXX Cap Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.21%
1.96%
0.79%
1.14%
0.89%
|
January 31, 2025
January 31, 2025
January 31, 2024
January 31, 2024
January 31, 2024
|
|
Diversified Capital Builder Fund
Class A
Class C
Administrator Class
Institutional Class
|
1.11%
1.86%
1.05%
0.78%
|
January 31, 2025
January 31, 2025
January 31, 2024
January 31, 2024
|
|
Diversified Income Builder Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.84%
1.59%
0.42%
0.77%
0.52%
|
January 31, 2025
January 31, 2025
January 31, 2024
January 31, 2024
January 31, 2024
|
|
Dynamic Target Today Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
|
Dynamic Target 2015 Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
|
Dynamic Target 2020 Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
A-3
|
FUNDS/CLASSES
|
Capped Operating
Expense Ratio
|
Expiration / Renewal Date
|
|
Dynamic Target 2025 Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
|
Dynamic Target 2030 Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
|
Dynamic Target 2035 Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
|
Dynamic Target 2040 Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
|
Dynamic Target 2045 Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
|
Dynamic Target 2050 Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
|
Dynamic Target 2055 Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
|
Dynamic Target 2060 Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
A-4
|
FUNDS/CLASSES
|
Capped Operating
Expense Ratio
|
Expiration / Renewal Date
|
|
Dynamic Target 2065 Fund
Class A
Class C
Class R4
Class R6
Administrator Class
|
0.59%
1.34%
0.29%
0.14%
0.49%
|
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
June 30, 2024
|
|
Emerging Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.27%
2.02%
0.85%
1.20%
0.90%
|
September 30, 2024
September 30, 2024
September 30, 2023
September 30, 2023
September 30, 2023
|
|
Emerging Markets Equity Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.43%
2.18%
1.01%
1.36%
1.11%
|
February 28, 2025
February 28, 2025
February 28, 2024
February 28, 2024
February 28, 2024
|
|
Emerging Markets Equity Income Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.55%
2.30%
1.17%
1.45%
1.22%
|
February 28, 2024
February 28, 2024
February 28, 2024
February 28, 2024
February 28, 2024
|
|
Global Investment Grade Credit Fund
Class A
Class C
Class R6
Institutional Class
|
0.82%
1.57%
0.45%
0.50%
|
January 31, 2025
January 31, 2025
January 31, 2024
January 31, 2024
|
|
Global Long/Short Equity Fund
Class A
Class C
Class R6
Institutional Class
|
1.72%
2.47%
1.30%
1.40%
|
February 28, 2025
February 28, 2025
February 29, 2024
February 29, 2024
|
|
Government Money Market Fund1
Class A
Administrator Class
Elevate Class
Institutional Class
Xxxxxxx & Xxxx Class2
Select Class
Service Class
Sweep Class
Tribal Inclusion Class
|
0.58%
0.34%
0.16%
0.20%
0.20%
0.14%
0.50%
0.50%
0.16%
|
May 31, 2025
May 31, 2024
May 31, 2024
May 31, 2024
May 1, 2025
May 31, 2024
May 31, 2024
May 31, 2024
May 31, 2024
|
1 On November 16, 2022, the Board of Trustees of Allspring Funds Trust approved the establishment of the Elevate Class and the Tribal Inclusion Class to the Allspring Government Money Market Fund. Both share classes will become effective at a date to be determined.
2 On August 16, 2023, the Board of Trustees of Allspring Funds Trust approved the establishment of the Xxxxxxx & Xxxx share class for the Government Money Market Fund, effective on or about October 23, 2023.
A-5
|
FUNDS/CLASSES
|
Capped Operating
Expense Ratio
|
Expiration / Renewal Date
|
|
Government Securities Fund
Class A
Class C
Administrator Class
Institutional Class
|
0.84%
1.59%
0.64%
0.48%
|
December 31, 2024
December 31, 2024
December 31, 2023
December 31, 2023
|
|
Growth Balanced Fund
Class A
Class C
Administrator Class
|
1.12%
1.87%
0.95%
|
September 30, 2024
September 30, 2024
September 30, 2023
|
|
Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.15%
1.90%
0.70%
0.96%
0.75%
|
November 30, 2024
November 30, 2024
November 30, 2023
November 30, 2023
November 30, 2023
|
|
Heritage Money Market Fund
Administrator Class
Institutional Class
Select Class
Service Class
|
0.33%
0.20%
0.13%
0.43%
|
May 31, 2024
May 31, 2024
May 31, 2024
May 31, 2024
|
|
High Yield Bond Fund
Class A
Class C
Administrator Class
Institutional Class
|
0.92%
1.67%
0.80%
0.53%
|
December 31, 2024
December 31, 2024
December 31, 2023
December 31, 2023
|
|
High Yield Municipal Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.80%
1.55%
0.50%
0.70%
0.55%
|
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
|
|
Income Plus Fund
Class A
Class C
Administrator Class
Institutional Class
|
0.71%
1.46%
0.66%
0.39%
|
January 31, 2025
January 31, 2025
January 31, 2025
January 31, 2025
|
|
Index Asset Allocation Fund
Class A
Class C
Administrator Class
Institutional Class
|
1.07%
1.82%
0.90%
0.75%
|
January 31, 2025
January 31, 2025
January 31, 2024
January 31, 2024
|
|
Index Fund
Class A
Class C
Administrator Class
|
0.44%
1.19%
0.25%
|
September 30, 2024
September 30, 2024
September 30, 2023
|
|
Intermediate Tax/AMT-Free Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.67%
1.42%
0.30%
0.60%
0.35%
|
October 31, 2024
October 31, 2024
October 31, 2024
October 31, 2024
October 31, 2024
|
A-6
|
FUNDS/CLASSES
|
Capped Operating
Expense Ratio
|
Expiration / Renewal Date
|
|
International Equity Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.14%
1.89%
0.79%
1.14%
0.84%
|
February 28, 2024
February 28, 2024
February 28, 2024
February 28, 2024
February 28, 2024
|
|
Large Cap Core Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.07%
1.82%
0.65%
0.97%
0.67%
|
November 30, 2024
November 30, 2024
November 30, 2023
November 30, 2023
November 30, 2023
|
|
Large Cap Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.07%
1.82%
0.65%
0.95%
0.75%
|
November 30, 2023
November 30, 2023
November 30, 2023
November 30, 2023
November 30, 2023
|
|
Large Company Value Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.82%
1.57%
0.40%
0.75%
0.50%
|
November 30, 2024
November 30, 2024
November 30, 2023
November 30, 2023
November 30, 2023
|
|
Minnesota Tax-Free Fund
Class A
Class C
Administrator Class
Institutional Class
|
0.84%
1.59%
0.60%
0.52%
|
October 31, 2024
October 31, 2024
October 31, 2023
October 31, 2023
|
|
Moderate Balanced Fund
Class A
Class C
Administrator Class
Institutional Class
|
1.14%
1.89%
0.90%
0.80%
|
September 30, 2024
September 30, 2024
September 30, 2023
September 30, 2023
|
|
Money Market Fund
Class A
Class C
Premier Class
Service Class
|
0.58%
1.33%
0.20%
0.50%
|
May 31, 2025
May 31, 2025
May 31, 2024
May 31, 2024
|
|
Municipal Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.75%
1.50%
0.40%
0.60%
0.45%
|
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
|
|
Municipal Cash Management Money Market Fund
Administrator Class
Institutional Class
Service Class
|
0.30%
0.20%
0.45%
|
May 31, 2024
May 31, 2024
May 31, 2024
|
A-7
|
FUNDS/CLASSES
|
Capped Operating
Expense Ratio
|
Expiration / Renewal Date
|
|
Municipal Sustainability Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.75%
1.50%
0.40%
0.60%
0.45%
|
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
|
|
National Tax-Free Money Market Fund
Class A
Administrator Class
Premier Class
Service Class
|
0.58%
0.30%
0.20%
0.45%
|
May 31, 2025
May 31, 2024
May 31, 2024
May 31, 2024
|
|
Opportunity Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.17%
1.92%
0.72%
1.00%
0.75%
|
January 31, 2025
January 31, 2025
January 31, 2024
January 31, 2024
January 31, 2024
|
|
Pennsylvania Tax-Free Fund
Class A
Class C
Institutional Class
|
0.74%
1.49%
0.49%
|
October 31, 2023
October 31, 2023
October 31, 2023
|
|
Precious Metals Fund
Class A
Class C
Administrator Class
Institutional Class
|
1.09%
1.84%
0.95%
0.79%
|
July 31, 2024
July 31, 2024
July 31, 2024
July 31, 2024
|
|
Premier Large Company Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.10%
1.85%
0.65%
1.00%
0.70%
|
November 30, 2024
November 30, 2024
November 30, 2023
November 30, 2023
November 30, 2023
|
|
Real Return Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.77%
1.52%
0.40%
0.60%
0.45%
|
September 30, 2024
September 30, 2024
September 30, 2023
September 30, 2023
September 30, 2023
|
|
Short Duration Government Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.77%
1.52%
0.37%
0.60%
0.42%
|
December 31, 2024
December 31, 2024
December 31, 2023
December 31, 2023
December 31, 2023
|
|
Short-Term Bond Plus Fund
Class A
Class C
Class R6
Institutional Class
|
0.61%
1.36%
0.24%
0.29%
|
December 31, 2024
December 31, 2024
December 31, 2024
December 31, 2024
|
A-8
|
FUNDS/CLASSES
|
Capped Operating
Expense Ratio
|
Expiration / Renewal Date
|
|
Short-Term High Income Fund
Class A
Class C
Administrator Class
Institutional Class
|
0.81%
1.56%
0.65%
0.50%
|
December 31, 2023
December 31, 2023
December 31, 2023
December 31, 2023
|
|
Short-Term Municipal Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.63%
1.38%
0.35%
0.60%
0.40%
|
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
|
|
Small Cap Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.22%
1.97%
0.80%
1.15%
0.90%
|
July 31, 2024
July 31, 2024
July 31, 2024
July 31, 2024
July 31, 2024
|
|
Small Company Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.28%
2.03%
0.86%
1.19%
0.94%
|
September 30, 2024
September 30, 2024
September 30, 2023
September 30, 2023
September 30, 2023
|
|
Small Company Value Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.15%
1.90%
0.75%
1.05%
0.85%
|
September 30, 2023
September 30, 2023
September 30, 2023
September 30, 2023
September 30, 2023
|
|
Special Global Small Cap Fund
Class A
Class C
Administrator Class
Institutional Class
|
1.47%
2.22%
1.40%
1.15%
|
February 28, 2025
February 28, 2025
February 29, 2024
February 29, 2024
|
|
Special International Small Cap Fund
Class A
Class C
Class R6
Institutional Class
|
1.37%
2.12%
0.95%
1.05%
|
February 28, 2025
February 28, 2025
February 29, 2024
February 29, 2024
|
|
Special Large Cap Value Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.10%
1.85%
0.65%
0.95%
0.70%
|
November 30, 2024
November 30, 2024
November 30, 2023
November 30, 2023
November 30, 2023
|
|
Special Mid Cap Value Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.15%
1.90%
0.73%
1.08%
0.83%
|
January 31, 2025
January 31, 2025
January 31, 2024
January 31, 2024
January 31, 2024
|
A-9
|
FUNDS/CLASSES
|
Capped Operating
Expense Ratio
|
Expiration / Renewal Date
|
|
Special Small Cap Value Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
1.31%
2.06%
0.89%
1.20%
0.94%
|
July 31, 2024
July 31, 2024
July 31, 2024
July 31, 2024
July 31, 2024
|
|
Spectrum Aggressive Growth Fund
Class A
Class C
Administrator Class
Institutional Class
|
0.74%
1.49%
0.67%
0.42%
|
September 30, 2024
September 30, 2024
September 30, 2023
September 30, 2023
|
|
Spectrum Conservative Growth Fund
Class A
Class C
Institutional Class
|
0.74%
1.49%
0.42%
|
September 30, 2024
September 30, 2024
September 30, 2023
|
|
Spectrum Growth Fund
Class A
Class C
Institutional Class
|
0.74%
1.49%
0.42%
|
September 30, 2024
September 30, 2024
September 30, 2023
|
|
Spectrum Income Allocation Fund
Class A
Class C
Institutional Class
|
0.74%
1.49%
0.42%
|
September 30, 2024
September 30, 2024
September 30, 2023
|
|
Spectrum Moderate Growth Fund
Class A
Class C
Institutional Class
|
0.74%
1.49%
0.42%
|
September 30, 2024
September 30, 2024
September 30, 2023
|
|
Strategic Municipal Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
|
0.79%
1.54%
0.42%
0.68%
0.47%
|
October 31, 2024
October 31, 2024
October 31, 2023
October 31, 2023
October 31, 2023
|
|
Treasury Plus Money Market Fund
Class A
Administrator Class
Institutional Class
Xxxxxxx & Xxxx Class3
Select Class
Service Class
|
0.58%
0.34%
0.20%
0.20%
0.14%
0.45%
|
May 31, 2025
May 31, 2024
May 31, 2024
May 1, 2025
May 31, 2024
May 31, 2024
|
|
Ultra Short-Term Income Fund
Class A
Class A2
Class C
Administrator Class
Institutional Class
|
0.50%
0.40%
1.25%
0.50%
0.25%
|
December 31, 2023
December 31, 2023
December 31, 2023
December 31, 2023
December 31, 2023
|
3 On August 16, 2023, the Board of Trustees of Allspring Funds Trust approved the establishment of the Xxxxxxx & Xxxx share class for the Treasury Plus Money Market Fund, effective on or about October 23, 2023.
A-10
|
FUNDS/CLASSES
|
Capped Operating
Expense Ratio
|
Expiration / Renewal Date
|
|
Ultra Short-Term Municipal Income Fund
Class A
Class A2
Class C
Class R6
Administrator Class
Institutional Class
|
0.50%
0.40%
1.25%
0.20%
0.50%
0.25%
|
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
October 31, 2023
|
|
U.S. Long/Short Equity Fund
Class A
Class C
Class R6
Institutional Class
|
1.57%
2.32%
1.15%
1.25%
|
February 28, 2025
February 28, 2025
February 29, 2024
February 29, 2024
|
|
Utility and Telecommunications Fund
Class A
Class C
Administrator Class
Institutional Class
|
1.04%
1.79%
0.92%
0.72%
|
July 31, 2024
July 31, 2024
July 31, 2024
July 31, 2024
|
|
Wisconsin Tax-Free Fund
Class A
Class C
Institutional Class
|
0.70%
1.45%
0.52%
|
October 31, 2023
October 31, 2023
October 31, 2023
|
|
100% Treasury Money Market Fund
Class A
Administrator Class
Institutional Class
Xxxxxxx & Xxxx Class4
Service Class
Sweep Class
|
0.58%
0.30%
0.20%
0.20%
0.50%
0.50%
|
May 31, 2025
May 31, 2024
May 31, 2024
May 31, 2025
May 31, 2024
May 31, 2024
|
Schedule A amended: August 16, 2023
A-11
The foregoing schedule of capped operating expense ratios is agreed to as of August 16, 2023 and shall remain in effect until changed in writing by the parties.
By:
Xxxxxxx Xxxxxx
Secretary
ALLSPRING FUNDS MANAGEMENT, LLC
By:
Xxxxxx Xxxx
President
A-12
As of May 18, 2004
Amended and Restated Fee and Expense Agreement
Schedule B
Not Subject to Capped Operating Expense Ratios
|
Name of Fund/Class
|
Date of Removal from Schedule A
|
|
|
|
|
|
4 On August 16, 2023, the Board of Trustees of Allspring Funds Trust approved the establishment of the Xxxxxxx & Xxxx share class for the 100% Treasury Money Market Fund, effective on or about October 23, 2023.
