The ETF Class of the Allspring Strategic Municipal Bond Fund is an actively managed, exchange-listed share class of a long-running municipal bond mutual fund, a series of Allspring Funds Trust. ETF Class shares are listed on Nasdaq and are not individually redeemable. The Fund also offers mutual fund share classes in a separate prospectus. Under normal circumstances it invests at least 80% of net assets in municipal securities whose interest is exempt from regular federal income tax, but not necessarily the federal alternative minimum tax. It may invest up to 35% of total assets in below investment-grade municipal securities and up to 10% of total assets in inverse floaters. Allspring Funds Management, LLC is the adviser and Allspring Global Investments, LLC is the sub-adviser.