Summary

• Allspring High Yield Municipal Bond Fund underperformed its benchmark, the Bloomberg High Yield Municipal Bond Index, for the three-month period that ended March 31, 2026.
• Credit was a positive contributor to performance, while sector and selection were the primary detractors from performance.
• For the quarter as a whole, the broad Bloomberg Municipal Index declined 0.18%. In contrast, the Bloomberg Municipal High Yield Index rose 0.71%, making it the best-performing fixed income sector for the period.

General Fund Information

Ticker: WHYIX

Portfolio managers:

Dennis Derby; and Nicholas Venditti, CFA®

Subadvisor: Allspring Global Investments, LLC

Category: High yield muni

Fund Strategy

• Uses both bottom-up credit research and top-down macroeconomic analysis
• Seeks

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