Allspring Short-Term High Income Fund - ETF Class

The ETF Class of the Allspring Short-Term High Income Fund is an actively managed, exchange-listed share class of an existing taxable bond mutual fund, a series of Allspring Funds Trust. The fund was formerly named the Short-Term High Yield Bond Fund. ETF Class shares are listed on Nasdaq and are not individually redeemable. The Fund also offers mutual fund share classes in a separate prospectus. Per the fund's fact sheet, it seeks current income by investing in non-investment-grade corporate debt, aiming for competitive short-term yields through BB-rated and B-rated corporate debt securities. A team of corporate credit analysts handles security selection. Allspring Funds Management, LLC is the adviser and Allspring Global Investments, LLC is the sub-adviser.