Fund |
Class
A |
Class
C |
Allspring
California Limited-Term Tax-Free Fund |
SFCIX |
SFCCX |
Allspring
California Tax-Free Fund |
SCTAX |
SCTCX |
Allspring
High Yield Municipal Bond Fund |
WHYMX |
WHYCX |
Allspring
Intermediate Tax/AMT-Free Fund |
WFTAX |
WFTFX |
Allspring
Minnesota Tax-Free Fund |
NMTFX |
WMTCX |
Allspring
Municipal Bond Fund |
WMFAX |
WMFCX |
Allspring
Municipal Sustainability Fund |
WMSAX |
WMSCX |
Allspring
Pennsylvania Tax-Free Fund |
EKVAX |
EKVCX |
Allspring
Short-Term Municipal Bond Fund |
WSMAX |
WSSCX |
Allspring
Strategic Municipal Bond Fund |
VMPAX |
DHICX |
Allspring
Ultra Short-Term Municipal Income Fund |
SMAVX |
WFUSX |
Allspring
Wisconsin Tax-Free Fund |
WWTFX |
WWTCX |
|
||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers2
|
|
|
1. |
2. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
2 | Municipal Fixed Income Funds |
■ |
at
least 80% of the Fund’s net assets in municipal
securities whose interest is exempt from federal income tax,
including
federal alternative minimum tax (AMT), and California individual income
tax; |
■ |
up
to 20% of the Fund’s net assets in securities whose interest is subject to
federal income tax, including federal AMT; |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
Municipal Fixed Income Funds | 3 |
4 | Municipal Fixed Income Funds |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
10
Year | |
Class
A (before taxes) |
|
- |
- |
|
Class
A (after taxes on distributions) |
|
- |
- |
|
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
|
|
Class
C (before taxes) |
|
- |
- |
|
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
| |
Bloomberg
California Municipal 1-5 Year Blend Index (reflects
no deduction for fees, expenses, or taxes) |
- |
|
|
Municipal Fixed Income Funds | 5 |
Manager |
Sub-Adviser |
Portfolio
Manager, Title/Managed Since |
Allspring
Funds Management, LLC |
Allspring
Global Investments, LLC |
Terry
J. Goode,
Portfolio Manager / 2011 Kim Nakahara, Portfolio Manager / 2020 Adrian Van Poppel, Portfolio Manager / 2009 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
6 | Municipal Fixed Income Funds |
|
||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price)
|
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers2
|
|
|
1. |
2. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
Municipal Fixed Income Funds | 7 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, including
federal alternative minimum tax (AMT), and California individual income
tax; |
■ |
up
to 20% of the Fund’s net assets in securities whose interest is subject to
federal income tax, including federal AMT; |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
8 | Municipal Fixed Income Funds |
Municipal Fixed Income Funds | 9 |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
10
Year | |
Class
A (before taxes) |
|
- |
- |
|
Class
A (after taxes on distributions) |
|
- |
- |
|
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
|
|
Class
C (before taxes) |
|
- |
- |
|
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
| |
Bloomberg
California Municipal Bond Index (reflects no
deduction for fees, expenses, or taxes) |
- |
|
|
10 | Municipal Fixed Income Funds |
Manager |
Sub-Adviser |
Portfolio
Manager, Title/Managed Since |
Allspring
Funds Management, LLC |
Allspring
Global Investments, LLC |
Terry
J. Goode,
Portfolio Manager / 2011 Kim Nakahara, Portfolio Manager / 2020 Adrian Van Poppel, Portfolio Manager / 2009 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
Municipal Fixed Income Funds | 11 |
|
||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price)
|
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Acquired
Fund Fees and Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers2
|
|
|
1. |
2. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
12 | Municipal Fixed Income Funds |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, but not
necessarily federal alternative minimum tax
(“AMT”); |
■ |
up
to 20% of the Fund’s total assets in securities whose interest is subject
to federal
AMT; |
■ |
at
least 50% of the Fund’s total assets in municipal securities rated BBB and
below or comparable unrated municipal securities;
and |
■ |
up
to 20% of the Fund’s total assets in inverse
floaters. |
Municipal Fixed Income Funds | 13 |
14 | Municipal Fixed Income Funds |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
Since
Inception | |
Class
A (before taxes) |
|
- |
|
|
Class
A (after taxes on distributions) |
|
- |
- |
|
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
|
|
Class
C (before taxes) |
|
- |
|
|
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
| |
High
Yield Municipal Bond Blended Index (reflects no
deduction for fees, expenses, or taxes)1
|
- |
|
| |
Bloomberg
High Yield Municipal Bond Index (reflects
no deduction for fees, expenses, or taxes) |
- |
|
|
1. | Source: Allspring Funds Management, LLC. The High Yield Municipal Bond Blended Index is composed 60% of the Bloomberg High Yield Municipal Bond Index and 40% of the Bloomberg Municipal Bond Index. You cannot invest directly in an index. |
Municipal Fixed Income Funds | 15 |
Manager
|
Sub-Adviser |
Portfolio
Managers, Title/Managed Since |
Allspring
Funds Management, LLC |
Allspring
Global Investments, LLC |
Dennis
Derby,
Portfolio Manager / 2013 Terry J. Goode, Portfolio Manager / 2013 Kerry Laurin, Portfolio Manager / 2020 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
16 | Municipal Fixed Income Funds |
| ||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price)
|
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers2
|
|
|
1. |
2. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
Municipal Fixed Income Funds | 17 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, including
federal alternative minimum tax
(AMT); |
■ |
up
to 15% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
18 | Municipal Fixed Income Funds |
Municipal Fixed Income Funds | 19 |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
10
Year | |
Class
A (before taxes) |
|
- |
|
|
Class
A (after taxes on distributions) |
|
- |
- |
|
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
|
|
Class
C (before taxes) |
|
- |
|
|
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
| |
Bloomberg
Municipal Bond 1-15 Year Blend Index (reflects
no deduction for fees, expenses, or taxes) |
- |
|
|
20 | Municipal Fixed Income Funds |
Manager |
Sub-Adviser |
Portfolio
Manager, Title/Managed Since |
Allspring
Funds Management, LLC |
Allspring
Global Investments, LLC |
Bruce
R. Johns,
Portfolio Manager / 2019 Robert J. Miller, Portfolio Manager / 2008 Adrian Van Poppel, Portfolio Manager / 2019 Nicholos Venditti, Portfolio Manager / 2020 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
Municipal Fixed Income Funds | 21 |
|
||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price)
|
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers2
|
|
|
1. |
2. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
22 | Municipal Fixed Income Funds |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, including
federal alternative minimum tax (AMT), and Minnesota individual income
tax; |
■ |
up
to 20% of the Fund’s net assets in securities whose interest is subject to
federal income tax, including federal AMT; |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
Municipal Fixed Income Funds | 23 |
24 | Municipal Fixed Income Funds |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
10
Year | |
Class
A (before taxes) |
|
- |
- |
|
Class
A (after taxes on distributions) |
|
- |
- |
|
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
|
|
Class
C (before taxes) |
|
- |
|
|
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
| |
Bloomberg
Minnesota Municipal Bond Index (reflects
no deduction for fees, expenses, or taxes) |
- |
|
|
Municipal Fixed Income Funds | 25 |
Manager |
Sub-Adviser |
Portfolio
Manager, Title/Managed Since |
Allspring
Funds Management,
LLC |
Allspring
Global Investments,
LLC |
Bruce
R. Johns,
Portfolio Manager / 2012 Kerry Laurin, Portfolio Manager / 2020 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
26 | Municipal Fixed Income Funds |
|
||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price)
|
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers2
|
|
|
1. |
2. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
Municipal Fixed Income Funds | 27 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, but not
necessarily federal alternative minimum tax
(AMT); |
■ |
up
to 20% of the Fund’s total assets in securities whose interest
is subject to federal
AMT; |
■ |
up
to 20% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
28 | Municipal Fixed Income Funds |
Municipal Fixed Income Funds | 29 |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
10
Year | |
Class
A (before taxes) |
|
- |
|
|
Class
A (after taxes on distributions) |
|
- |
- |
|
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
|
|
Class
C (before taxes) |
|
- |
|
|
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
|
30 | Municipal Fixed Income Funds |
Manager |
Sub-Adviser |
Portfolio
Manager, Title/Managed Since |
Allspring
Funds Management,
LLC |
Allspring
Global Investments,
LLC |
Terry
J. Goode,
Portfolio Manager / 2019 Robert J. Miller, Portfolio Manager / 2008 Nicholos Venditti, Portfolio Manager / 2020 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
Municipal Fixed Income Funds | 31 |
|
||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price)
|
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers2
|
|
|
1. |
2. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
32 | Municipal Fixed Income Funds |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, but not
necessarily federal alternative minimum tax
(AMT); |
■ |
up
to 20% of the Fund’s total assets in securities whose interest
is subject to federal
AMT; |
■ |
up
to 20% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
Municipal Fixed Income Funds | 33 |
34 | Municipal Fixed Income Funds |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
Since
Inception | |
Class
A (before taxes) |
|
- |
- |
- |
Class
A (after taxes on distributions) |
|
- |
- |
- |
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
- |
- |
Class
C (before taxes) |
|
- |
- |
- |
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
- |
- |
Municipal Fixed Income Funds | 35 |
Manager |
Sub-Adviser |
Portfolio
Manager, Title/Managed Since |
Allspring
Funds Management,
LLC |
Allspring
Global Investments,
LLC |
Terry
J. Goode,
Portfolio Manager / 2020 Robert J. Miller, Portfolio Manager / 2020 Nicholos Venditti, Portfolio Manager / 2020 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
36 | Municipal Fixed Income Funds |
|
||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price)
|
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers1
|
|
|
1. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
Municipal Fixed Income Funds | 37 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, including
federal alternative minimum tax (AMT), and Pennsylvania individual income
tax; |
■ |
up
to 20% of the Fund’s net assets in securities whose interest is subject to
federal income tax, including federal AMT; |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
38 | Municipal Fixed Income Funds |
Municipal Fixed Income Funds | 39 |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
10
Year | |
Class
A (before taxes) |
|
- |
- |
|
Class
A (after taxes on distributions) |
|
- |
- |
|
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
|
|
Class
C (before taxes) |
|
- |
|
|
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
| |
Bloomberg
Pennsylvania Municipal Bond Index (reflects
no deduction for fees, expenses, or taxes) |
- |
|
|
40 | Municipal Fixed Income Funds |
Manager |
Sub-Adviser |
Portfolio
Managers, Title/Managed Since |
Allspring
Funds Management,
LLC |
Allspring
Global Investments,
LLC |
Bruce
R. Johns,
Portfolio Manager / 2011 Kerry Laurin, Portfolio Manager / 2020 Robert J. Miller, Portfolio Manager / 2009 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
Municipal Fixed Income Funds | 41 |
|
||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers1
|
|
|
1. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
42 | Municipal Fixed Income Funds |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, but not
necessarily federal alternative minimum tax
(AMT); |
■ |
up
to 20% of the Fund’s total assets in securities whose interest
is subject to federal
AMT; |
■ |
up
to 15% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
Municipal Fixed Income Funds | 43 |
44 | Municipal Fixed Income Funds |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
10
Year | |
Class
A (before taxes) |
|
- |
|
|
Class
A (after taxes on distributions) |
|
- |
- |
|
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
|
|
Class
C (before taxes) |
|
- |
- |
|
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
| |
Bloomberg
1-3 Year Composite Municipal Bond Index
(reflects no deduction for fees, expenses, or taxes)
|
- |
|
|
Municipal Fixed Income Funds | 45 |
Manager |
Sub-Adviser |
Portfolio
Manager, Title/Managed Since |
Allspring
Funds Management, LLC |
Allspring
Global Investments, LLC |
Bruce
R. Johns,
Portfolio Manager / 2019 Nicholos Venditti, Portfolio Manager / 2020 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
46 | Municipal Fixed Income Funds |
|
||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
|
|
Total
Annual Fund Operating Expenses After Fee Waivers2
|
|
|
1. |
2. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
Municipal Fixed Income Funds | 47 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from regular federal income tax,
but not necessarily the federal alternative minimum tax
(AMT); |
■ |
up
to 35% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
■ |
any
amount in securities whose interest is subject to federal
AMT. |
48 | Municipal Fixed Income Funds |
Municipal Fixed Income Funds | 49 |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
10
Year | |
Class
A (before taxes) |
|
- |
|
|
Class
A (after taxes on distributions) |
|
- |
- |
|
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
|
|
Class
C (before taxes) |
|
- |
|
|
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
| |
Bloomberg
Short-Intermediate Municipal Bond Index
(reflects no deduction for fees, expenses, or taxes)
|
- |
|
|
50 | Municipal Fixed Income Funds |
Manager |
Sub-Adviser |
Portfolio
Manager, Title/Managed Since |
Allspring
Funds Management, LLC |
Allspring
Global Investments, LLC |
Terry
J. Goode,
Portfolio Manager / 2019 Robert J. Miller, Portfolio Manager / 2010 Nicholos Venditti, Portfolio Manager / 2020 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
Municipal Fixed Income Funds | 51 |
|
||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers2
|
|
|
1. |
2. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
52 | Municipal Fixed Income Funds |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, but not
necessarily federal alternative minimum tax
(AMT); |
■ |
up
to 20% of the Fund’s total assets in securities whose interest
is subject to federal AMT;
and |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities. |
Municipal Fixed Income Funds | 53 |
54 | Municipal Fixed Income Funds |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
10
Year | |
Class
A (before taxes) |
|
- |
|
|
Class
A (after taxes on distributions) |
|
- |
|
|
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
|
|
Class
C (before taxes) |
|
- |
|
- |
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
| |
Ultra
Short-Term Municipal Income Blended Index (reflects
no deduction for fees, expenses, or taxes)1
|
|
|
| |
Bloomberg
1 Year Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
| |
iMoneyNet
Tax-Free National Institutional Money Market
Funds Average (reflects no deduction for fees,
expenses, or taxes) |
|
|
|
1. | Source: Allspring Funds Management, LLC. The Ultra Short-Term Municipal Income Blended Index is composed 50% of the Bloomberg 1 Year Municipal Bond Index and 50% of the iMoneyNet Tax-Free National Institutional Money Market Funds Average. You cannot invest directly in an index. |
Municipal Fixed Income Funds | 55 |
Manager |
Sub-Adviser |
Portfolio
Manager, Title/Managed Since |
Allspring
Funds Management, LLC |
Allspring
Global Investments, LLC |
Bruce
R. Johns,
Portfolio Manager / 2017 James Randazzo, Portfolio Manager / 2019 Nicholos Venditti, Portfolio Manager / 2020 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
56 | Municipal Fixed Income Funds |
|
||
Class
A |
Class
C | |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price)
|
|
|
Maximum
deferred sales charge (load) (as a percentage of offering
price) |
|
|
1. |
| ||
Class
A |
Class
C | |
Management
Fees |
|
|
Distribution
(12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers2
|
|
|
1. |
2. | The
Manager has contractually committed through |
|
| |||
After:
|
Class
A |
Class
C |
Class
C | |
1
Year |
$ |
$ |
$ | |
3
Years |
$ |
$ |
$ | |
5
Years |
$ |
$ |
$ | |
10
Years |
$ |
$ |
$ |
Municipal Fixed Income Funds | 57 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, including
federal alternative minimum tax (AMT), and Wisconsin individual income
tax; |
■ |
up
to 20% of the Fund’s net assets in securities whose interest
is subject to federal income tax, including federal
AMT; |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
58 | Municipal Fixed Income Funds |
Municipal Fixed Income Funds | 59 |
( | ||
|
+ | |
|
- | |
|
| ||||
Inception
Date
of Share
Class |
1
Year |
5
Year |
10
Year | |
Class
A (before taxes) |
|
- |
- |
|
Class
A (after taxes on distributions) |
|
- |
- |
|
Class
A (after taxes on distributions and the sale of Fund
Shares) |
|
- |
|
|
Class
C (before taxes) |
|
- |
|
|
Bloomberg
Municipal Bond Index (reflects no deduction
for fees, expenses, or taxes) |
- |
|
| |
Bloomberg
Wisconsin Municipal Bond Index (reflects
no deduction for fees, expenses, or taxes) |
- |
|
|
60 | Municipal Fixed Income Funds |
Manager |
Sub-Adviser |
Portfolio
Manager, Title/Managed Since |
Allspring
Funds Management, LLC |
Allspring
Global Investments, LLC |
Bruce
R. Johns,
Portfolio Manager / 2017 Kerry Laurin, Portfolio Manager / 2020 Thomas Stoeckmann, Portfolio Manager / 2005 |
Minimum
Investments |
To
Buy or Sell Shares |
Minimum
Initial Investment Regular Accounts: $1,000 IRAs, IRA Rollovers, Roth IRAs: $250 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum Minimum Additional Investment Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100 UGMA/UTMA Accounts: $50 Employer Sponsored Retirement Plans: No Minimum |
Mail:
Allspring
Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online: allspringglobal.com Phone or Wire: 1-800-222-8222 Contact your financial professional. |
Municipal Fixed Income Funds | 61 |
■ |
at
least 80% of the Fund’s net assets in municipal
securities whose interest is exempt from federal income tax,
including
federal alternative minimum tax (AMT), and California individual income
tax; |
■ |
up
to 20% of the Fund’s net assets in securities whose interest is subject to
federal income tax, including federal AMT; |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
62 | Municipal Fixed Income Funds |
|
|
Municipal Fixed Income Funds | 63 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, including
federal alternative minimum tax (AMT), and California individual income
tax; |
■ |
up
to 20% of the Fund’s net assets in securities whose interest is subject to
federal income tax, including federal AMT; |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
64 | Municipal Fixed Income Funds |
|
|
Municipal Fixed Income Funds | 65 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, but not
necessarily federal alternative minimum tax
(“AMT”); |
■ |
up
to 20% of the Fund’s total assets in securities whose interest is subject
to federal AMT; |
■ |
at
least 50% of the Fund’s total assets in municipal securities rated BBB and
below or comparable unrated municipal securities;
and |
■ |
up
to 20% of the Fund’s total assets in inverse
floaters. |
66 | Municipal Fixed Income Funds |
|
|
Municipal Fixed Income Funds | 67 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, including
federal alternative minimum tax (AMT); |
■ |
up
to 15% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
|
|
68 | Municipal Fixed Income Funds |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, including
federal alternative minimum tax (AMT), and Minnesota individual income
tax; |
■ |
up
to 20% of the Fund’s net assets in securities whose interest is subject to
federal income tax, including federal AMT; |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
Municipal Fixed Income Funds | 69 |
|
|
70 | Municipal Fixed Income Funds |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, but not
necessarily federal alternative minimum tax
(AMT); |
■ |
up
to 20% of the Fund’s total assets in securities whose interest
is subject to federal AMT; |
■ |
up
to 20% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
|
|
Municipal Fixed Income Funds | 71 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, but not
necessarily federal alternative minimum tax
(AMT); |
■ |
up
to 20% of the Fund’s total assets in securities whose interest
is subject to federal AMT; |
■ |
up
to 20% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
72 | Municipal Fixed Income Funds |
|
|
Municipal Fixed Income Funds | 73 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, including
federal alternative minimum tax (AMT), and Pennsylvania individual income
tax; |
■ |
up
to 20% of the Fund’s net assets in securities whose interest is subject to
federal income tax, including federal AMT; |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
74 | Municipal Fixed Income Funds |
|
|
Municipal Fixed Income Funds | 75 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, but not
necessarily federal alternative minimum tax
(AMT); |
■ |
up
to 20% of the Fund’s total assets in securities whose interest
is subject to federal AMT; |
■ |
up
to 15% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
|
|
76 | Municipal Fixed Income Funds |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from regular federal income tax,
but not necessarily the federal alternative minimum tax
(AMT); |
■ |
up
to 35% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
■ |
any
amount in securities whose interest is subject to federal
AMT. |
Municipal Fixed Income Funds | 77 |
|
|
78 | Municipal Fixed Income Funds |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, but not
necessarily federal alternative minimum tax
(AMT); |
■ |
up
to 20% of the Fund’s total assets in securities whose interest
is subject to federal AMT; and |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities. |
|
|
Municipal Fixed Income Funds | 79 |
■ |
at
least 80% of the Fund’s net assets in municipal securities whose interest
is exempt from federal income tax, including
federal alternative minimum tax (AMT), and Wisconsin individual income
tax; |
■ |
up
to 20% of the Fund’s net assets in securities whose interest
is subject to federal income tax, including federal
AMT; |
■ |
up
to 10% of the Fund’s total assets in below investment-grade municipal
securities; and |
■ |
up
to 10% of the Fund’s total assets in inverse
floaters. |
80 | Municipal Fixed Income Funds |
|
|
Municipal Fixed Income Funds | 81 |
82 | Municipal Fixed Income Funds |
Municipal Fixed Income Funds | 83 |
84 | Municipal Fixed Income Funds |
Municipal Fixed Income Funds | 85 |
Management
Fees Paid | |
As
a % of average daily net assets | |
California
Limited-Term Tax-Free Fund |
0.37% |
California
Tax-Free Fund |
0.37% |
High
Yield Municipal Bond Fund |
0.31% |
Intermediate
Tax/AMT-Free Fund |
0.32% |
Minnesota
Tax-Free Fund |
0.36% |
Municipal
Bond Fund |
0.34% |
Municipal
Sustainability Fund |
0.00% |
Pennsylvania
Tax-Free Fund |
0.24% |
Short-Term
Municipal Bond Fund |
0.31% |
Strategic
Municipal Bond Fund |
0.37% |
Ultra
Short-Term Municipal Income Fund |
0.16% |
Wisconsin
Tax-Free Fund |
0.30% |
86 | Municipal Fixed Income Funds |
Dennis
Derby High Yield Municipal Bond Fund |
Mr.
Derby joined Allspring
Investments or one of its predecessor firms in 1995,
where he currently serves as a Senior Research Analyst and Portfolio
Manager
for the Municipal Fixed Income team. |
Terry
J. Goode California Limited-Term Tax-Free Fund California Tax-Free Fund High Yield Municipal Bond Fund Municipal Bond Fund Municipal Sustainability Fund Strategic Municipal Bond Fund |
Mr.
Goode joined Allspring
Investments or one of its predecessor firms in 2002,
where he currently serves as a Senior Portfolio Manager for the
Municipal
Fixed Income team. |
Bruce
R. Johns Intermediate Tax/AMT-Free Fund Minnesota Tax-Free Fund Pennsylvania Tax-Free Fund Short-Term Municipal Bond Fund Ultra Short-Term Municipal Income Fund Wisconsin Tax-Free Fund |
Mr.
Johns joined Allspring
Investments or one of its predecessor firms in 1998,
where he currently serves as a Senior Portfolio Manager for the
Municipal
Fixed Income team. |
Kerry
Laurin High Yield Municipal Bond Fund Minnesota Tax-Free Fund Pennsylvania Tax-Free Fund Wisconsin Tax-Free Fund |
Ms.
Laurin joined Allspring
Investments or one of its predecessor firms in 2016,
where she currently serves as a Senior Research Analyst and Portfolio
Manager for the Municipal Fixed Income team. Prior to joining Allspring,
she was as a research analyst for Heartland Advisors where she
covered
taxable fixed income, consumer, and utility equity
sectors. |
Robert
J. Miller Intermediate Tax/AMT-Free Fund Municipal Bond Fund Municipal Sustainability Fund Pennsylvania Tax-Free Fund Strategic Municipal Bond Fund |
Mr.
Miller joined Allspring
Investments or one of its predecessor firms in 2008,
where he currently serves as a Senior Portfolio Manager for the
Municipal
Fixed Income team. |
Kim
Nakahara California Limited-Term Tax-Free Fund California Tax-Free Fund |
Ms.
Nakahara joined Allspring
Investments or one of its predecessor firms in
2014, where she currently serves as a Senior Research Analyst and
Portfolio
Manager. |
James
Randazzo Ultra Short-Term Municipal Income Fund |
Mr.
Randazzo joined Allspring
Investments or one of its predecessor firms in
2000, where he currently serves as a Senior Portfolio Manager for the
Municipal
Fixed Income team. |
Thomas
Stoeckmann Wisconsin Tax-Free Fund |
Mr.
Stoeckmann joined Allspring
Investments or one of its predecessor firms
in 2005, where he currently serves as a Portfolio Manager for the
Municipal
Fixed Income team and is the head of the Municipal Credit Research
team. |
Adrian
Van Poppel California Limited-Term Tax-Free Fund California Tax-Free Fund Intermediate Tax/AMT-Free Fund |
Mr.
Van Poppel joined Allspring
Investments or one of its predecessor firms
in 1997, where he currently serves as a Senior Portfolio Manager for
the
Municipal Fixed Income team. |
Municipal Fixed Income Funds | 87 |
Nicholos
Venditti Intermediate Tax/AMT-Free Fund Municipal Bond Fund Municipal Sustainability Fund Short-Term Municipal Bond Fund Strategic Municipal Bond Fund Ultra Short-Term Municipal Income Fund |
Mr.
Venditti joined Allspring
Investments or one of its predecessor firms in 2020,
where he currently serves as a Senior Portfolio Manager for the
Municipal
Fixed Income team. Prior to joining Allspring,
Nick spent 10 years
at Thornburg Investment Management, most recently as a Senior Portfolio
Manager and Head of the Municipal Bond
Group. |
88 | Municipal Fixed Income Funds |
Class
A |
Class
C | |
Front-End
Sales Charge |
2.00%/3.00%/4.00%/4.50%
depending on the Fund |
None |
Contingent
Deferred Sales Charge
(“CDSC”) |
None
(except that, if you redeem Class A shares purchased
at or above certain breakpoint levels within
12 or 18 months from the date of purchase,
you will pay a CDSC of 1.00%, 0.50% or
0.40%, depending on the Fund) |
1.00%
if shares are sold within
one year from the date
of purchase |
Ongoing
Distribution (“12b-1”) Fees |
None |
0.75% |
Shareholder
Servicing Fee |
0.25% |
0.25% |
Purchase
Maximum |
None |
Not
to equal or exceed $500,0001
|
Annual
Expenses |
Lower
ongoing expenses than Class C |
Higher
ongoing expenses than
Class A because of 12b-1
fees |
Conversion
Feature |
None |
Yes.
Converts to Class A shares
after 8 years |
1. | The purchase maximum for Class C shares of the California Limited-Term Tax-Free Fund, the Short-Term Municipal Bond Fund, the Strategic Municipal Bond Fund and the Ultra Short-Term Municipal Income Fund may not equal or exceed $250,000. |
Municipal Fixed Income Funds | 89 |
Class
A Sales Charge Schedule for all Funds (except for the California
Limited-Term Tax-Free Fund, Intermediate Tax/AMT-Free
Fund, Short-Term Municipal Bond Fund, Strategic Municipal Bond Fund and
Ultra Short-Term Municipal
Income Fund) | |||
Amount
of Purchase |
Front-end
Sales Charge As % of Public Offering Price |
Front-end
Sales Charge As % of Net Amount Invested |
Commission
Paid to Intermediary As % of Public Offering Price |
Less
than $50,000 |
4.50% |
4.71% |
4.00% |
$50,000
but less than $100,000 |
4.00% |
4.17% |
3.50% |
$100,000
but less than $250,000
|
3.50% |
3.63% |
3.00% |
$250,000
but less than $500,000
|
2.50% |
2.56% |
2.25% |
$500,000
and over |
0.00%1
|
0.00% |
1.00%
of first $2,500,000;
plus 0.75%
of next $2,500,000;
plus 0.50%
thereafter2
|
1. | If you redeem Class A shares purchased at or above the $500,000 breakpoint level within eighteen months from the date of purchase, you will pay a CDSC of 1.00% of the NAV of the shares on the date of original purchase. Certain exceptions apply (see “CDSC Waivers”). |
2. | The commission paid to an Intermediary on purchases above the $500,000 breakpoint level is inclusive of the first year’s shareholder servicing fee. |
Class
A Sales Charge Schedule for the Strategic Municipal Bond
Fund | |||
Amount
of Purchase |
Front-end
Sales Charge As % of Public Offering Price |
Front-end
Sales Charge As % of Net Amount Invested |
Commission
Paid to Intermediary As % of Public Offering Price |
Less
than $50,000 |
4.00% |
4.71% |
3.50% |
$50,000
but less than $100,000 |
3.50% |
4.17% |
3.00% |
$100,000
but less than $250,000
|
3.00% |
3.63% |
2.50% |
$250,000
and over |
0.00%1
|
0.00% |
1.00%
of first $2,500,000 plus 0.75% of next $2,500,000; plus 0.50% thereafter2 |
1. | If you redeem Class A shares purchased at or above the $250,000 breakpoint level within eighteen months from the date of purchase, you will pay a CDSC of 1.00% of the NAV of the shares on the date of original purchase. Certain exceptions apply (see “CDSC Waivers”). |
2. | The commission paid to an intermediary on purchases above the $250,000 breakpoint level is inclusive of the first year’s shareholder servicing fee. |
Class
A Sales Charge Schedule for the Intermediate Tax/AMT-Free
Fund |
|||
Amount
of Purchase |
Front-end
Sales Charge As % of Public Offering Price |
Front-end
Sales Charge As % of Net Amount Invested |
Commission
Paid To Intermediary As % of Public Offering Price |
Less
than $50,000 |
3.00% |
3.09% |
2.50% |
$50,000
but less than $100,000 |
2.25% |
2.30% |
1.75% |
$100,000
but less than $250,000
|
1.50% |
1.52% |
1.25% |
$250,000
but less than $500,000
|
1.00% |
1.01% |
0.75% |
90 | Municipal Fixed Income Funds |
Class
A Sales Charge Schedule for the Intermediate Tax/AMT-Free
Fund |
|||
Amount
of Purchase |
Front-end
Sales Charge As % of Public Offering Price |
Front-end
Sales Charge As % of Net Amount Invested |
Commission
Paid To Intermediary As % of Public Offering Price |
$500,000
and over |
0.00%1
|
0.00% |
0.50%2
|
1. | If you redeem Class A shares purchased at or above the $500,000 breakpoint level within twelve months from the date of purchase, you will pay a CDSC of 0.50% of the NAV of the shares on the date of original purchase. Certain exceptions apply (see “CDSC Waivers”). |
2. | The commission paid to an Intermediary on purchases above the $500,000 breakpoint level is inclusive of the first year’s shareholder servicing fee. |
Class
A Sales Charge Schedule for the California Limited-Term Tax-Free Fund,
Short-Term Municipal Bond Fund and
Ultra Short-Term Municipal Income Fund | |||
Amount
of Purchase |
Front-end
Sales Charge
As
% of
Public Offering
Price |
Front-end
Sales Charge As
% of Net Amount Invested |
Commission
Paid To Intermediary
As % of
Public Offering Price |
Less
than $100,000 |
2.00% |
2.04% |
1.75% |
$100,000
but less than $250,000
|
1.00% |
1.01% |
0.85% |
$250,000
and over |
0.00%1
|
0.00% |
0.40%2
|
1. | If you redeem Class A shares purchased at or above the $250,000 breakpoint level within twelve months from the date of purchase, you will pay a CDSC of 0.40% of the NAV of the shares on the date of original purchase. Certain exceptions apply (see “CDSC Waivers”). |
2. | The commission paid to an intermediary on purchases above the $250,000 breakpoint level is inclusive of the first year’s shareholder servicing fee. |
Municipal Fixed Income Funds | 91 |
■ |
You
pay a lower sales charge if you are investing an amount over a breakpoint
level. See “Class A Shares Sales Charges”
above. |
■ |
By
signing a Letter of Intent (“LOI”) prior to purchase, you pay a lower
sales charge now in exchange for promising to invest
an amount over a specified breakpoint level within the next 13 months in
one or more Allspring
Funds. Purchases
made prior to signing the LOI as well as reinvested dividends and capital
gains do not count as purchases made
during this period. We will hold in escrow shares equal to approximately
5% of the amount you say you intend to
buy. If you do not invest the amount specified in the LOI before the
expiration date, we will redeem enough escrowed
shares to pay the difference between the reduced sales charge you paid and
the sales charge you should have
paid. Otherwise, we will release the escrowed shares to you when you have
invested the agreed upon amount. |
■ |
Rights
of Accumulation (“ROA”) allow you to aggregate Class A, Class A2, and
Class C shares of any Allspring
Fund already
owned (excluding Allspring
money market fund shares, unless you notify us that you previously paid a
sales charge
on those assets) in order to reach breakpoint levels and to qualify for
sales charge reductions on subsequent purchases
of Class A shares. The purchase amount used in determining the sales
charge on your purchase will be calculated
by multiplying the maximum public offering price by the number of Class A,
Class A2 and Class C shares of
any Allspring
Fund already owned and adding the dollar amount of your current purchase.
The following table provides
information about the types of accounts that can and cannot be aggregated
to qualify for sales charge reductions: |
Can
this type of account be aggregated? |
Yes |
No |
Individual
accounts |
✔ |
|
Joint
accounts |
✔ |
|
UGMA/UTMA
accounts |
✔ |
|
Trust
accounts over which the shareholder has individual or shared
authority |
✔ |
|
Solely
owned business accounts |
✔ |
|
Traditional
and Roth IRAs |
✔ |
|
SEP
IRAs |
✔ |
|
SIMPLE
IRAs1
|
✔ |
|
Group
Retirement Plans |
✔ |
1. | SIMPLE IRAs established using Allspring Funds plan agreements may aggregate at the plan level for purposes of establishing eligibility for sales charge reductions. When plan assets in a Fund’s Class A and Class C shares (excluding Allspring money market fund shares) reach a breakpoint level, all plan participants benefit from the reduced sales charge on subsequent purchases in the plan. However, participant accounts in these plans cannot be aggregated with personal accounts to further reduce sales charges. Other types of SIMPLE IRAs may not aggregate at the plan level for purposes of establishing eligibility for sales charge reductions on subsequent purchases in the plan but plan participants may aggregate their SIMPLE IRA accounts with other personal accounts in order to benefit from sales charge reductions. |
92 | Municipal Fixed Income Funds |
■ |
You
pay no sales charges on Fund shares you buy with reinvested
distributions. |
■ |
You
pay no sales charges on Fund shares you purchase with the proceeds of a
redemption of Class A shares of the same
Fund within 90 days of the date of redemption. The purchase must be made
back into the same account. Subject
to the Fund’s policy regarding frequent purchases and redemptions of Fund
shares, you may not be able to exercise
this provision for the first 30 days after your redemption. Systematic
transactions through the automatic investment
plan, the automatic exchange plan and the systematic withdrawal plan are
excluded from these provisions. |
■ |
Current
and retired employees, directors/trustees and officers
of: |
• |
Allspring
Funds (including any predecessor funds); |
• |
Allspring
Global Investments Holdings, LLC and its affiliates;
and |
• |
family
members (spouse, domestic partner, parents, grandparents, children,
grandchildren and siblings (including step
and in-law)) of any of the foregoing. |
■ |
Current
employees of: |
• |
the
Fund’s transfer agent; |
• |
broker-dealers
who act as selling agents; |
• |
family
members (spouse, domestic partner, parents, grandparents, children,
grandchildren and siblings (including step
and in-law)) of any of the foregoing; and |
• |
a
Fund’s sub-adviser(s), but only for the Fund(s) for which such sub-adviser
provides investment advisory services. |
■ |
Qualified
registered investment advisers who buy through an intermediary who has
entered into an agreement with the
Fund’s distributor that allows for load-waived Class A
purchases. |
■ |
Insurance
company separate accounts. |
■ |
Funds
of Funds, subject to review and approval by Allspring
Funds Management. |
■ |
Group
employer-sponsored retirement and deferred compensation plans and group
employer-sponsored employee benefit
plans (including health savings accounts) and trusts used to fund those
plans. Traditional IRAs, Roth IRAs, SEPs,
SARSEPs, SIMPLE IRAs, Keogh plans, individual 401(k) plans, individual
403(b) plans as well as shares held in commission-based
broker-dealer accounts do not qualify under this
waiver. |
■ |
Investors
who purchase shares that are to be included in certain “wrap accounts,”
including such specified investors who
trade through an omnibus account maintained with a Fund by an
intermediary. |
■ |
Investors
who purchase shares through a self-directed brokerage account program
offered by an intermediary that has
entered into an agreement with the Fund’s distributor. Intermediaries
offering such programs may or may not charge
transaction fees. |
■ |
You
will not be assessed a CDSC on Fund shares you redeem that were purchased
with reinvested distributions. |
■ |
We
waive the CDSC for all redemptions made because of scheduled (Internal
Revenue Code Section 72(t)(2) withdrawal
schedule) or required minimum distributions (withdrawals generally made
after age 70½ for shareholders that
reached age 70½ on or before December 31, 2019 and withdrawals generally
made after age 72 for shareholders
that reach age 70½ after December 31, 2019 according to Internal Revenue
Service (IRS) guidelines) from
traditional IRAs and certain other retirement plans. (See your retirement
plan information for details or contact your
retirement plan administrator.) |
■ |
We
waive the CDSC for redemptions made in the event of the last surviving
shareholder’s death or for a disability suffered
after purchasing shares. (“Disabled” is defined in Internal Revenue Code
Section 72(m)(7).) |
■ |
We
waive the CDSC for redemptions made at the direction of Allspring
Funds Management in order to, for example, complete
a merger or effect a Fund liquidation. |
■ |
We
waive the CDSC for Class C shares redeemed by employer-sponsored
retirement plans where the dealer of record
waived its commission at the time of
purchase. |
Municipal Fixed Income Funds | 93 |
Fund
|
Class
C | |
California
Limited-Term Tax-Free Fund |
0.75% | |
California
Tax-Free Fund |
0.75% | |
High
Yield Municipal Bond Fund |
0.75% | |
Intermediate
Tax/AMT-Free Fund |
0.75% | |
Minnesota
Tax-Free Fund |
0.75% | |
Municipal
Bond Fund |
0.75% | |
Municipal
Sustainability Fund |
0.75% | |
Pennsylvania
Tax-Free Fund |
0.75% | |
Short-Term
Municipal Bond Fund |
0.75% | |
Strategic
Municipal Bond Fund |
0.75% | |
Ultra
Short-Term Municipal Income Fund |
0.75% | |
Wisconsin
Tax-Free Fund |
0.75% |
Fund
|
Class
A |
Class
C |
California
Limited-Term Tax-Free Fund |
0.25% |
0.25% |
California
Tax-Free Fund |
0.25% |
0.25% |
High
Yield Municipal Bond Fund |
0.25% |
0.25% |
Intermediate
Tax/AMT-Free Fund |
0.25% |
0.25% |
Minnesota
Tax-Free Fund |
0.25% |
0.25% |
Municipal
Bond Fund |
0.25% |
0.25% |
Municipal
Sustainability Fund |
0.25% |
0.25% |
Pennsylvania
Tax-Free Fund |
0.25% |
0.25% |
Short-Term
Municipal Bond Fund |
0.25% |
0.25% |
Strategic
Municipal Bond Fund |
0.25% |
0.25% |
Ultra
Short-Term Municipal Income Fund |
0.25% |
0.25% |
Wisconsin
Tax-Free Fund |
0.25% |
0.25% |
94 | Municipal Fixed Income Funds |
Opening
an Account |
Adding
to an Account or Selling Fund Shares | |
Through
Your Financial Professional |
Contact
your financial
professional. Transactions will be subject to the terms of your account with your intermediary. |
Contact
your financial professional. Transactions will be subject to the terms of your account with your intermediary. |
Through
Your Retirement Plan |
Contact
your retirement plan administrator. Transactions will be subject to the terms of your retirement plan account. |
Contact
your retirement plan administrator. Transactions will be subject to the terms of your retirement plan account. |
Online |
New
accounts cannot be opened online.
Contact your financial professional
or retirement plan administrator,
or refer to the section on
opening an account by mail. |
Visit
allspringglobal.com. Online transactions are limited to a maximum of $100,000. You may be eligible for an exception to this maximum. Please call Investor Services at 1-800-222-8222 for more information. |
By
Telephone |
Call
Investor Services at 1-800-222-8222. Available only if you have another Allspring Fund account with your bank information on file. |
Call
Investor Services at 1-800-222-8222. Redemption requests may not be made by phone if the address on your account was changed in the last 15 days. In this event, you must request your redemption by mail. For joint accounts, telephone requests generally require only one of the account owners to call unless you have instructed us otherwise. |
Municipal Fixed Income Funds | 95 |
Opening
an Account |
Adding
to an Account or Selling Fund Shares | |
By
Mail |
Complete
an account application and
submit it according to the instructions
on the application.
Account
applications are available online
at allspringglobal.com
or by calling
Investor Services at 1-800-222-8222. |
Send
the items required under “Requests
in Good Order” below to:
Regular
Mail
Allspring Funds P.O. Box 219967 Kansas City, MO 64121-9967 Overnight
Only Allspring Funds 430 W 7th Street STE 219967 Kansas City, MO 64105-1407 |
■ |
The
Fund name(s), share class(es) and account
number(s); |
■ |
The
amount (in dollars or shares) and type (purchase or redemption) of the
request; |
■ |
If
by mail, the signature of each registered owner as it appears in the
account application; |
■ |
For
purchase requests, payment of the full amount of the purchase request (see
“Payment” below); |
■ |
For
redemption requests, a Medallion Guarantee if required (see “Medallion
Guarantee” below); and |
■ |
Any
supporting legal documentation that may be
required. |
1. | The Fund’s shares may be purchased through an intermediary that has entered into a dealer agreement with the Fund’s distributor. The Fund has approved the acceptance of a purchase or redemption request effective as of the time of its receipt by such an authorized intermediary or its designee, as long as the request is received by one of those entities prior to the Fund’s closing time. These intermediaries may charge transaction fees. We reserve the right to adjust the closing time in certain circumstances. |
By
Wire |
Purchases
into a new or existing account may be funded by using the following
wire
instructions: State Street Bank & Trust Boston, MA Bank Routing Number: ABA 011000028 Wire Purchase Account: 9905-437-1 Attention: Allspring Funds (Name of Fund, Account Number and any applicable share class) Account Name: Provide your name as registered on the Fund account or as included in your account application. |
By
Check |
Make
checks payable to Allspring
Funds. |
By
Exchange |
Identify
an identically registered Allspring
Fund account from which you wish to exchange
(see “Exchanging Fund Shares” below for restrictions on
exchanges). |
By
Electronic Funds Transfer (“EFT”) |
Additional
purchases for existing accounts may be funded by EFT using your
linked
bank account. |
96 | Municipal Fixed Income Funds |
■ |
In
general, exchanges may be made between like share classes of any fund in
the Allspring
Funds complex offered to
the general public for investment (i.e., a fund not closed to new
accounts), with the following exceptions: (1) Class A
shares of non-money market funds may also be exchanged for Service Class
shares of any retail or government money
market fund; (2) Service Class shares may be exchanged for Class A shares
of any non-money market fund; and
(3) no exchanges are allowed into institutional money market
funds. |
■ |
If
you make an exchange between Class A shares of a money market fund or
Class A2 or Class A shares of a non-money
market fund, you will buy the shares at the public offering price of the
new fund, unless you are otherwise
eligible to buy shares at NAV. |
■ |
Same-fund
exchanges between share classes are permitted subject to the following
conditions: (1) the shareholder must
meet the eligibility guidelines of the class being purchased in the
exchange; (2) exchanges out of Class A and Class
C shares would not be allowed if shares are subject to a CDSC; and (3) for
non-money market funds, in order to exchange
into Class A shares, the shareholder must be able to qualify to purchase
Class A shares at NAV based on current
Prospectus guidelines. |
■ |
An
exchange request will be processed on the same business day, provided that
both funds are open at the time the request
is received. If one or both funds are closed, the exchange will be
processed on the following business day. |
■ |
You
should carefully read the Prospectus for the Fund into which you wish to
exchange. |
■ |
Every
exchange involves redeeming fund shares, which may produce a capital gain
or loss for tax purposes. |
■ |
If
you are making an initial investment into a fund through an exchange, you
must exchange at least the minimum initial
investment amount for the new fund, unless your balance has fallen below
that amount due to investment performance. |
■ |
If
you are making an additional investment into a fund that you already own
through an exchange, you must exchange
at least the minimum subsequent investment amount for the fund you are
exchanging into. |
■ |
Class
A and Class C share exchanges will not trigger a CDSC. The new shares
received in the exchange will continue to
age according to the original shares’ CDSC schedule and will be charged
the CDSC applicable to the original shares
upon redemption. |
Municipal Fixed Income Funds | 97 |
■ |
Money
market funds; |
■ |
Ultra-Short
Funds; |
■ |
Dividend
reinvestments; |
■ |
Systematic
investments or exchanges where the financial intermediary
maintaining the shareholder account identifies
the transaction as a systematic redemption or purchase at the time of the
transaction; |
■ |
Rebalancing
transactions within certain asset allocation or “wrap” programs where the
financial intermediary maintaining
a shareholder account is able to identify the transaction as part of an
asset allocation program approved by
Allspring
Funds Management; |
■ |
Rebalancing
transactions by an institutional client of Allspring
Funds Management or its affiliate following a model
portfolio
offered by Allspring
Funds Management or its
affiliate; |
■ |
Transactions
initiated by a “fund of funds” or Section 529 Plan into an underlying fund
investment; |
■ |
Permitted
exchanges between share classes of the same
Fund; |
■ |
Certain
transactions involving participants in employer-sponsored retirement
plans, including: participant withdrawals
due to mandatory distributions, rollovers and hardships, withdrawals of
shares acquired by participants through
payroll deductions, and shares acquired or sold by a participant in
connection with plan loans; and |
■ |
Purchases
below $20,000 (including purchases that are part of an exchange
transaction). |
98 | Municipal Fixed Income Funds |
■ |
Automatic
Investment Plan — With this plan, you can regularly purchase shares of a
Allspring
Fund with money automatically
transferred from a linked bank account. |
■ |
Automatic
Exchange Plan — With this plan, you can regularly exchange shares of a
Allspring
Fund you own for shares of
another Allspring
Fund. See the section “Exchanging Fund Shares” of this Prospectus for the
policies that apply to exchanges.
In addition, each transaction in an Automatic Exchange Plan must be for a
minimum of $100. This feature
may not be available for certain types of
accounts. |
■ |
Systematic
Withdrawal Plan — With this plan, you can regularly redeem shares and
receive the proceeds by check or by
transfer to a linked bank account. To participate in this plan,
you: |
• |
must
have a Fund account valued at $10,000 or
more; |
• |
must
request a minimum redemption of $100; |
• |
must
have your distributions reinvested; and |
• |
may
not simultaneously participate in the Automatic Investment Plan, except
for investments in a Money Market Fund
or an Ultra Short-Term Bond Fund (Ultra Short-Term Income Fund or Ultra
Short-Term Municipal Income Fund). |
■ |
Payroll
Direct Deposit Plan — With this plan, you may regularly transfer all or a
portion of your paycheck, social security
check, military allotment, or annuity payment for investment into the Fund
of your choice. |
■ |
Individual
Retirement Accounts, including Traditional IRAs and Roth
IRAs. |
Municipal Fixed Income Funds | 99 |
■ |
Small
business retirement accounts, including Simple IRAs and SEP
IRAs. |
■ |
Automatic
Reinvestment Option—Allows you to use distributions to buy new shares of
the same class of the Fund that
generated the distributions. The new shares are purchased at NAV generally
on the day the distribution is paid. This
option is automatically assigned to your account unless you specify
another option. |
■ |
Check
Payment Option—Allows you to receive distributions via checks mailed to
your address of record or to another
name and address which you have specified in written instructions. A
Medallion Guarantee may also be required.
If checks remain uncashed for six months or are undeliverable by the Post
Office, we will reinvest the distributions
at the earliest date possible, and future distributions will be
automatically reinvested. |
■ |
Bank
Account Payment Option—Allows you to receive distributions directly in a
checking or savings account through
EFT. The bank account must be linked to your Allspring
Fund account. Any distribution returned to us due to an
invalid banking instruction will be sent to your address of record by
check at the earliest date possible, and future distributions
will be automatically reinvested. |
■ |
Directed
Distribution Purchase Option—Allows you to buy shares of a different
Allspring
Fund of the same share class.
The new shares are purchased at NAV generally on the day the distribution
is paid. In order to use this option, you
need to identify the Fund and account the distributions are coming from,
and the Fund and account to which the
distributions are being directed. You must meet any required minimum
investment amounts in both Funds prior to
using this option. |
100 | Municipal Fixed Income Funds |
Municipal Fixed Income Funds | 101 |
Year
ended June 30 | ||||||||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.03
|
$ |
10.76
|
$ |
10.71
|
$ |
10.76
|
$ |
10.61
|
Net
investment income |
0.19
1
|
0.15
1
|
0.16
|
0.19
|
0.20
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.02
)
|
(0.73
)
|
0.05
|
(0.05
)
|
0.15
| |||||
Total
from investment operations |
0.17
|
(0.58
)
|
0.21
|
0.14
|
0.35
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.19
)
|
(0.15
)
|
(0.16
)
|
(0.19
)
|
(0.20
)
| |||||
Net
asset value, end of period |
$ |
10.01
|
$ |
10.03
|
$ |
10.76
|
$ |
10.71
|
$ |
10.76
|
Total
return2
|
1.73
%
|
(5.42
)%
|
1.99
%
|
1.30
%
|
3.33
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
0.86
%
|
0.85
%
|
0.85
%
|
0.85
%
|
0.85
%
| |||||
Net
expenses |
0.80
%
|
0.80
%
|
0.80
%
|
0.80
%
|
0.80
%
| |||||
Net
investment income |
1.92
%
|
1.44
%
|
1.51
%
|
1.76
%
|
1.87
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
35
%
|
32
%
|
18
%
|
27
%
|
11
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
77,258
|
$ |
84,928
|
$ |
106,602
|
$ |
108,189
|
$ |
101,765
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
Year
ended June 30 | ||||||||||
Class
C |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.03
|
$ |
10.76
|
$ |
10.71
|
$ |
10.76
|
$ |
10.61
|
Net
investment income |
0.11
1
|
0.07
1
|
0.08
1
|
0.11
1
|
0.12
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.02
)
|
(0.73
)
|
0.05
|
(0.05
)
|
0.15
| |||||
Total
from investment operations |
0.09
|
(0.66
)
|
0.13
|
0.06
|
0.27
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.12
)
|
(0.07
)
|
(0.08
)
|
(0.11
)
|
(0.12
)
| |||||
Net
asset value, end of period |
$ |
10.00
|
$ |
10.03
|
$ |
10.76
|
$ |
10.71
|
$ |
10.76
|
Total
return2
|
0.87
%
|
(6.13
)%
|
1.23
%
|
0.54
%
|
2.56
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.60
%
|
1.59
%
|
1.59
%
|
1.60
%
|
1.60
%
| |||||
Net
expenses |
1.55
%
|
1.55
%
|
1.55
%
|
1.55
%
|
1.55
%
| |||||
Net
investment income |
1.14
%
|
0.68
%
|
0.75
%
|
1.01
%
|
1.12
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
35
%
|
32
%
|
18
%
|
27
%
|
11
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
2,018
|
$ |
3,751
|
$ |
5,464
|
$ |
11,981
|
$ |
19,929
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
102 | Municipal Fixed Income Funds |
Year
ended June 30 | ||||||||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.65
|
$ |
12.13
|
$ |
11.91
|
$ |
11.91
|
$ |
11.64
|
Net
investment income |
0.33
|
0.30
|
0.32
|
0.35
|
0.37
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.13
)
|
(1.48
)
|
0.22
|
0.00
1
|
0.28
| |||||
Total
from investment operations |
0.20
|
(1.18
)
|
0.54
|
0.35
|
0.65
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.33
)
|
(0.30
)
|
(0.32
)
|
(0.35
)
|
(0.38
)
| |||||
Net
asset value, end of period |
$ |
10.52
|
$ |
10.65
|
$ |
12.13
|
$ |
11.91
|
$ |
11.91
|
Total
return2
|
1.90
%
|
(9.90
)%
|
4.59
%
|
2.93
%
|
5.70
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
0.83
%
|
0.81
%
|
0.81
%
|
0.81
%
|
0.83
%
| |||||
Net
expenses |
0.75
%
|
0.75
%
|
0.75
%
|
0.75
%
|
0.75
%
| |||||
Net
investment income |
3.10
%
|
2.57
%
|
2.66
%
|
2.92
%
|
3.22
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
15
%
|
17
%
|
9
%
|
23
%
|
9
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
331,000
|
$ |
412,553
|
$ |
486,668
|
$ |
494,450
|
$ |
482,395
|
1 | Amount is less than $0.005. |
2 | Total return calculations do not include any sales charges. |
Year
ended June 30 | ||||||||||
Class
C |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.86
|
$ |
12.37
|
$ |
12.14
|
$ |
12.15
|
$ |
11.87
|
Net
investment income |
0.26
|
0.22
|
0.24
|
0.27
|
0.29
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.14
)
|
(1.51
)
|
0.23
|
(0.02
)
|
0.29
| |||||
Total
from investment operations |
0.12
|
(1.29
)
|
0.47
|
0.25
|
0.58
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.25
)
|
(0.22
)
|
(0.24
)
|
(0.26
)
|
(0.30
)
| |||||
Net
asset value, end of period |
$ |
10.73
|
$ |
10.86
|
$ |
12.37
|
$ |
12.14
|
$ |
12.15
|
Total
return1
|
1.16
%
|
(10.58
)%
|
3.86
%
|
2.08
%
|
4.95
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.58
%
|
1.56
%
|
1.56
%
|
1.56
%
|
1.58
%
| |||||
Net
expenses |
1.50
%
|
1.50
%
|
1.50
%
|
1.50
%
|
1.50
%
| |||||
Net
investment income |
2.35
%
|
1.80
%
|
1.91
%
|
2.18
%
|
2.47
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
15
%
|
17
%
|
9
%
|
23
%
|
9
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
9,864
|
$ |
11,548
|
$ |
19,066
|
$ |
27,413
|
$ |
32,758
|
1 | Total return calculations do not include any sales charges. |
Municipal Fixed Income Funds | 103 |
Year
ended June 30 | ||||||||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
9.56
|
$ |
11.16
|
$ |
10.43
|
$ |
10.97
|
$ |
10.59
|
Net
investment income |
0.39
1
|
0.38
|
0.41
|
0.44
|
0.39
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.14
)
|
(1.56
)
|
0.73
|
(0.54
)
|
0.38
| |||||
Total
from investment operations |
0.25
|
(1.18
)
|
1.14
|
(0.10
)
|
0.77
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.39
)
|
(0.38
)
|
(0.41
)
|
(0.44
)
|
(0.39
)
| |||||
Net
realized gains |
0.00
|
(0.04
)
|
0.00
|
0.00
|
0.00
| |||||
Total
distributions to shareholders |
(0.39
)
|
(0.42
)
|
(0.41
)
|
(0.44
)
|
(0.39
)
| |||||
Net
asset value, end of period |
$ |
9.42
|
$ |
9.56
|
$ |
11.16
|
$ |
10.43
|
$ |
10.97
|
Total
return2
|
2.71
%
|
(10.84
)%
|
10.98
%
|
(0.98
)%
|
7.43
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.07
%
|
1.10
%
|
1.14
%
|
1.12
%
|
1.09
%
| |||||
Net
expenses |
0.80
%
|
0.80
%
|
0.80
%
|
0.80
%
|
0.80
%
| |||||
Net
investment income |
4.13
%
|
3.61
%
|
3.74
%
|
4.05
%
|
3.68
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
24
%
|
30
%
|
55
%
|
14
%
|
20
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
41,963
|
$ |
37,138
|
$ |
37,514
|
$ |
24,791
|
$ |
23,674
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
Year
ended June 30 | ||||||||||
Class
C |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
9.56
|
$ |
11.16
|
$ |
10.44
|
$ |
10.97
|
$ |
10.59
|
Net
investment income |
0.32
1
|
0.30
|
0.32
|
0.36
|
0.31
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.14
)
|
(1.55
)
|
0.72
|
(0.53
)
|
0.38
| |||||
Total
from investment operations |
0.18
|
(1.25
)
|
1.04
|
(0.17
)
|
0.69
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.32
)
|
(0.31
)
|
(0.32
)
|
(0.36
)
|
(0.31
)
| |||||
Net
realized gains |
0.00
|
(0.04
)
|
0.00
|
0.00
|
0.00
| |||||
Total
distributions to shareholders |
(0.32
)
|
(0.35
)
|
(0.32
)
|
(0.36
)
|
(0.31
)
| |||||
Net
asset value, end of period |
$ |
9.42
|
$ |
9.56
|
$ |
11.16
|
$ |
10.44
|
$ |
10.97
|
Total
return2
|
1.94
%
|
(11.51
)%
|
10.14
%
|
(1.63
)%
|
6.63
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.80
%
|
1.84
%
|
1.89
%
|
1.87
%
|
1.84
%
| |||||
Net
expenses |
1.55
%
|
1.55
%
|
1.55
%
|
1.55
%
|
1.55
%
| |||||
Net
investment income |
3.39
%
|
2.84
%
|
3.02
%
|
3.29
%
|
2.91
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
24
%
|
30
%
|
55
%
|
14
%
|
20
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
7,185
|
$ |
6,435
|
$ |
8,471
|
$ |
9,250
|
$ |
9,955
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
104 | Municipal Fixed Income Funds |
Year
ended June 30 | ||||||||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.84
|
$ |
11.92
|
$ |
11.72
|
$ |
11.66
|
$ |
11.31
|
Net
investment income |
0.29
|
0.26
|
0.26
|
0.26
|
0.28
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.02
)
|
(1.08
)
|
0.20
|
0.05
|
0.35
| |||||
Total
from investment operations |
0.27
|
(0.82
)
|
0.46
|
0.31
|
0.63
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.29
)
|
(0.26
)
|
(0.26
)
|
(0.25
)
|
(0.28
)
| |||||
Net
asset value, end of period |
$ |
10.82
|
$ |
10.84
|
$ |
11.92
|
$ |
11.72
|
$ |
11.66
|
Total
return1
|
2.50
%
|
(7.00
)%
|
3.92
%
|
2.72
%
|
5.67
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
0.82
%
|
0.81
%
|
0.80
%
|
0.79
%
|
0.80
%
| |||||
Net
expenses |
0.69
%
|
0.70
%
|
0.70
%
|
0.70
%
|
0.70
%
| |||||
Net
investment income |
2.66
%
|
2.22
%
|
2.16
%
|
2.18
%
|
2.47
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
17
%
|
7
%
|
12
%
|
24
%
|
14
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
204,701
|
$ |
200,566
|
$ |
246,130
|
$ |
249,724
|
$ |
263,113
|
1 | Total return calculations do not include any sales charges. |
Year
ended June 30 | ||||||||||
Class
C |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.84
|
$ |
11.92
|
$ |
11.72
|
$ |
11.66
|
$ |
11.31
|
Net
investment income |
0.21
|
0.17
|
0.17
|
0.17
|
0.20
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.02
)
|
(1.08
)
|
0.20
|
0.06
|
0.35
| |||||
Total
from investment operations |
0.19
|
(0.91
)
|
0.37
|
0.23
|
0.55
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.21
)
|
(0.17
)
|
(0.17
)
|
(0.17
)
|
(0.20
)
| |||||
Net
asset value, end of period |
$ |
10.82
|
$ |
10.84
|
$ |
11.92
|
$ |
11.72
|
$ |
11.66
|
Total
return1
|
1.73
%
|
(7.70
)%
|
3.14
%
|
1.95
%
|
4.88
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.57
%
|
1.55
%
|
1.55
%
|
1.54
%
|
1.55
%
| |||||
Net
expenses |
1.44
%
|
1.45
%
|
1.45
%
|
1.45
%
|
1.45
%
| |||||
Net
investment income |
1.89
%
|
1.46
%
|
1.40
%
|
1.43
%
|
1.73
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
17
%
|
7
%
|
12
%
|
24
%
|
14
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
7,268
|
$ |
8,268
|
$ |
11,990
|
$ |
19,082
|
$ |
26,737
|
1 | Total return calculations do not include any sales charges. |
Municipal Fixed Income Funds | 105 |
Year
ended June 30 | ||||||||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.11
|
$ |
11.02
|
$ |
10.86
|
$ |
10.77
|
$ |
10.51
|
Net
investment income |
0.21
1
|
0.18
|
0.20
1
|
0.23
|
0.27
1
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.04
)
|
(0.90
)
|
0.16
|
0.09
|
0.26
| |||||
Total
from investment operations |
0.17
|
(0.72
)
|
0.36
|
0.32
|
0.53
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.21
)
|
(0.18
)
|
(0.20
)
|
(0.23
)
|
(0.27
)
| |||||
Net
realized gains |
0.00
|
(0.01
)
|
0.00
|
0.00
|
0.00
| |||||
Total
distributions to shareholders |
(0.21
)
|
(0.19
)
|
(0.20
)
|
(0.23
)
|
(0.27
)
| |||||
Net
asset value, end of period |
$ |
10.07
|
$ |
10.11
|
$ |
11.02
|
$ |
10.86
|
$ |
10.77
|
Total
return2
|
1.73
%
|
(6.59
)%
|
3.32
%
|
2.99
%
|
5.13
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
0.91
%
|
0.91
%
|
0.92
%
|
0.93
%
|
0.94
%
| |||||
Net
expenses |
0.85
%
|
0.85
%
|
0.85
%
|
0.85
%
|
0.85
%
| |||||
Net
investment income |
2.10
%
|
1.67
%
|
1.80
%
|
2.12
%
|
2.57
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
28
%
|
11
%
|
9
%
|
16
%
|
18
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
22,841
|
$ |
27,431
|
$ |
31,586
|
$ |
29,317
|
$ |
27,399
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
Year
ended June 30 | ||||||||||
Class
C |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.11
|
$ |
11.02
|
$ |
10.86
|
$ |
10.77
|
$ |
10.51
|
Net
investment income |
0.14
1
|
0.10
1
|
0.12
1
|
0.15
1
|
0.19
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.04
)
|
(0.90
)
|
0.16
|
0.09
|
0.26
| |||||
Total
from investment operations |
0.10
|
(0.80
)
|
0.28
|
0.24
|
0.45
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.14
)
|
(0.10
)
|
(0.12
)
|
(0.15
)
|
(0.19
)
| |||||
Net
realized gains |
0.00
|
(0.01
)
|
0.00
|
0.00
|
0.00
| |||||
Total
distributions to shareholders |
(0.14
)
|
(0.11
)
|
(0.12
)
|
(0.15
)
|
(0.19
)
| |||||
Net
asset value, end of period |
$ |
10.07
|
$ |
10.11
|
$ |
11.02
|
$ |
10.86
|
$ |
10.77
|
Total
return2
|
1.00
%
|
(7.29
)%
|
2.54
%
|
2.22
%
|
4.35
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.60
%
|
1.66
%
|
1.66
%
|
1.68
%
|
1.69
%
| |||||
Net
expenses |
1.56
%
|
1.60
%
|
1.60
%
|
1.60
%
|
1.60
%
| |||||
Net
investment income |
1.40
%
|
0.91
%
|
1.06
%
|
1.37
%
|
1.83
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
28
%
|
11
%
|
9
%
|
16
%
|
18
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
1,062
|
$ |
1,147
|
$ |
2,060
|
$ |
4,020
|
$ |
5,254
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
106 | Municipal Fixed Income Funds |
Year
ended June 30 | ||||||||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
9.70
|
$ |
10.83
|
$ |
10.55
|
$ |
10.55
|
$ |
10.21
|
Net
investment income |
0.26
|
0.23
|
0.24
|
0.25
|
0.30
1
| |||||
Net
realized and unrealized gains (losses) on investments
|
0.01
|
(1.13
)
|
0.28
|
0.01
|
0.34
| |||||
Total
from investment operations |
0.27
|
(0.90
)
|
0.52
|
0.26
|
0.64
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.26
)
|
(0.23
)
|
(0.24
)
|
(0.25
)
|
(0.30
)
| |||||
Net
realized gains |
0.00
|
0.00
|
0.00
|
(0.01
)
|
0.00
| |||||
Total
distributions to shareholders |
(0.26
)
|
(0.23
)
|
(0.24
)
|
(0.26
)
|
(0.30
)
| |||||
Net
asset value, end of period |
$ |
9.71
|
$ |
9.70
|
$ |
10.83
|
$ |
10.55
|
$ |
10.55
|
Total
return2
|
2.85
%
|
(8.47
)%
|
4.95
%
|
2.54
%
|
6.35
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
0.77
%
|
0.77
%
|
0.77
%
|
0.77
%
|
0.78
%
| |||||
Net
expenses |
0.75
%
|
0.74
%
|
0.74
%
|
0.74
%
|
0.75
%
| |||||
Net
investment income |
2.72
%
|
2.16
%
|
2.22
%
|
2.40
%
|
2.89
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
8
%
|
18
%
|
16
%
|
24
%
|
20
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
819,019
|
$ |
902,671
|
$ |
1,110,503
|
$ |
1,138,934
|
$ |
1,206,717
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
Year
ended June 30 | ||||||||||
Class
C |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
9.70
|
$ |
10.83
|
$ |
10.55
|
$ |
10.55
|
$ |
10.21
|
Net
investment income |
0.19
|
0.15
1
|
0.16
1
|
0.17
|
0.22
| |||||
Net
realized and unrealized gains (losses) on investments
|
0.01
|
(1.13
)
|
0.28
|
0.01
|
0.34
| |||||
Total
from investment operations |
0.20
|
(0.98
)
|
0.44
|
0.18
|
0.56
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.19
)
|
(0.15
)
|
(0.16
)
|
(0.17
)
|
(0.22
)
| |||||
Net
realized gains |
0.00
|
0.00
|
0.00
|
(0.01
)
|
0.00
| |||||
Total
distributions to shareholders |
(0.19
)
|
(0.15
)
|
(0.16
)
|
(0.18
)
|
(0.22
)
| |||||
Net
asset value, end of period |
$ |
9.71
|
$ |
9.70
|
$ |
10.83
|
$ |
10.55
|
$ |
10.55
|
Total
return2
|
2.08
%
|
(9.16
)%
|
4.16
%
|
1.77
%
|
5.56
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.51
%
|
1.51
%
|
1.51
%
|
1.51
%
|
1.53
%
| |||||
Net
expenses |
1.50
%
|
1.50
%
|
1.50
%
|
1.50
%
|
1.50
%
| |||||
Net
investment income |
1.95
%
|
1.40
%
|
1.47
%
|
1.64
%
|
2.15
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
8
%
|
18
%
|
16
%
|
24
%
|
20
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
25,302
|
$ |
34,561
|
$ |
50,251
|
$ |
79,863
|
$ |
98,411
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
Municipal Fixed Income Funds | 107 |
Year
ended June 30 | ||||||||
Class
A |
2023 |
2022 |
2021 |
20201
| ||||
Net
asset value, beginning of period |
$ |
18.73
|
$ |
21.03
|
$ |
20.35
|
$ |
20.00
|
Net
investment income |
0.37
2
|
0.32
|
0.34
|
0.10
| ||||
Net
realized and unrealized gains (losses) on investments
|
(0.02
)
|
(2.29
)
|
0.68
|
0.35
| ||||
Total
from investment operations |
0.35
|
(1.97
)
|
1.02
|
0.45
| ||||
Distributions
to shareholders from |
|
|
|
| ||||
Net
investment income |
(0.37
)
|
(0.33
)
|
(0.34
)
|
(0.10
)
| ||||
Net
asset value, end of period |
$ |
18.71
|
$ |
18.73
|
$ |
21.03
|
$ |
20.35
|
Total
return3
|
1.88
%
|
(9.47
)%
|
5.04
%
|
2.27
%
| ||||
Ratios
to average net assets (annualized) |
|
|
|
| ||||
Gross
expenses |
1.44
%
|
1.34
%
|
1.85
%
|
2.26
%
| ||||
Net
expenses |
0.75
%
|
0.75
%
|
0.75
%
|
0.75
%
| ||||
Net
investment income |
1.96
%
|
1.60
%
|
1.64
%
|
1.52
%
| ||||
Supplemental
data |
|
|
|
| ||||
Portfolio
turnover rate |
19
%
|
31
%
|
77
%
|
32
%
| ||||
Net
assets, end of period (000s omitted) |
$ |
183
|
$ |
1,161
|
$ |
1,156
|
$ |
1,020
|
1 | For the period from February 28, 2020 (commencement of class operations) to June 30, 2020 |
2 | Calculated based upon average shares outstanding |
3 | Total return calculations do not include any sales charges. Returns for periods of less than one year are not annualized. |
Year
ended June 30 | ||||||||
Class
C |
2023 |
2022 |
2021 |
20201
| ||||
Net
asset value, beginning of period |
$ |
18.83
|
$ |
21.03
|
$ |
20.35
|
$ |
20.00
|
Net
investment income |
0.26
2
|
0.30
|
0.19
|
0.05
| ||||
Net
realized and unrealized gains (losses) on investments
|
0.09
|
(2.31
)
|
0.68
|
0.36
| ||||
Total
from investment operations |
0.35
|
(2.01
)
|
0.87
|
0.41
| ||||
Distributions
to shareholders from |
|
|
|
| ||||
Net
investment income |
(0.32
)
|
(0.19
)
|
(0.19
)
|
(0.06
)
| ||||
Net
asset value, end of period |
$ |
18.86
|
$ |
18.83
|
$ |
21.03
|
$ |
20.35
|
Total
return3
|
1.90
%
|
(9.60
)%
|
4.30
%
|
2.04
%
| ||||
Ratios
to average net assets (annualized) |
|
|
|
| ||||
Gross
expenses |
1.44
%
|
2.09
%
|
2.35
%
|
3.01
%
| ||||
Net
expenses |
1.30
%
*
|
0.88
%
*
|
1.46
%
*
|
1.50
%
| ||||
Net
investment income |
1.41
%
|
1.47
%
|
0.93
%
|
0.78
%
| ||||
Supplemental
data |
|
|
|
| ||||
Portfolio
turnover rate |
19
%
|
31
%
|
77
%
|
32
%
| ||||
Net
assets, end of period (000s omitted) |
$ |
26
|
$ |
947
|
$ |
1,051
|
$ |
1,017
|
* | Ratio includes class-level expenses which were voluntarily waived by the investment manager. Without this voluntary waiver, the net expense ratio would be increased by the following amounts: |
|
|
Year
ended June 30, 2023 |
0.11% |
|
|
Year
ended June 30, 2022 |
0.62% |
|
|
Year
ended June 30, 2021 |
0.04% |
1 | For the period from February 28, 2020 (commencement of class operations) to June 30, 2020 |
2 | Calculated based upon average shares outstanding |
3 | Total return calculations do not include any sales charges. Returns for periods of less than one year are not annualized. |
108 | Municipal Fixed Income Funds |
Year
ended June 30 | ||||||||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.71
|
$ |
11.97
|
$ |
11.75
|
$ |
11.78
|
$ |
11.48
|
Net
investment income |
0.31
1
|
0.28
|
0.31
|
0.35
|
0.35
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.10
)
|
(1.26
)
|
0.22
|
(0.04
)
|
0.32
| |||||
Total
from investment operations |
0.21
|
(0.98
)
|
0.53
|
0.31
|
0.67
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.31
)
|
(0.28
)
|
(0.31
)
|
(0.34
)
|
(0.34
)
| |||||
Tax
basis return of capital |
0.00
|
0.00
|
0.00
|
0.00
|
(0.03
)
| |||||
Total
distributions to shareholders |
(0.31
)
|
(0.28
)
|
(0.31
)
|
(0.34
)
|
(0.37
)
| |||||
Net
asset value, end of period |
$ |
10.61
|
$ |
10.71
|
$ |
11.97
|
$ |
11.75
|
$ |
11.78
|
Total
return2
|
1.97
%
|
(8.32
)%
|
4.52
%
|
2.65
%
|
6.00
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
0.97
%
|
0.94
%
|
0.94
%
|
0.97
%
|
0.96
%
| |||||
Net
expenses |
0.74
%
|
0.74
%
|
0.74
%
|
0.74
%
|
0.74
%
| |||||
Net
investment income |
2.88
%
|
2.41
%
|
2.64
%
|
2.92
%
|
3.07
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
15
%
|
20
%
|
21
%
|
14
%
|
9
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
33,065
|
$ |
34,755
|
$ |
41,945
|
$ |
41,550
|
$ |
41,255
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
Year
ended June 30 | ||||||||||
Class
C |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.69
|
$ |
11.95
|
$ |
11.73
|
$ |
11.76
|
$ |
11.45
|
Net
investment income |
0.23
1
|
0.19
1
|
0.22
|
0.27
|
0.26
1
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.10
)
|
(1.26
)
|
0.22
|
(0.05
)
|
0.34
| |||||
Total
from investment operations |
0.13
|
(1.07
)
|
0.44
|
0.22
|
0.60
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.23
)
|
(0.19
)
|
(0.22
)
|
(0.25
)
|
(0.26
)
| |||||
Tax
basis return of capital |
0.00
|
0.00
|
0.00
|
0.00
|
(0.03
)
| |||||
Total
distributions to shareholders |
(0.23
)
|
(0.19
)
|
(0.22
)
|
(0.25
)
|
(0.29
)
| |||||
Net
asset value, end of period |
$ |
10.59
|
$ |
10.69
|
$ |
11.95
|
$ |
11.73
|
$ |
11.76
|
Total
return2
|
1.20
%
|
(9.03
)%
|
3.74
%
|
1.89
%
|
5.31
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.72
%
|
1.68
%
|
1.68
%
|
1.72
%
|
1.70
%
| |||||
Net
expenses |
1.49
%
|
1.49
%
|
1.49
%
|
1.49
%
|
1.49
%
| |||||
Net
investment income |
2.12
%
|
1.64
%
|
1.89
%
|
2.23
%
|
2.32
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
15
%
|
20
%
|
21
%
|
14
%
|
9
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
2,722
|
$ |
3,679
|
$ |
6,485
|
$ |
8,394
|
$ |
8,768
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
Municipal Fixed Income Funds | 109 |
Year
ended June 30 | ||||||||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
9.54
|
$ |
9.95
|
$ |
9.92
|
$ |
9.92
|
$ |
9.83
|
Net
investment income |
0.16
1
|
0.10
|
0.12
|
0.15
|
0.15
1
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.01
)
|
(0.41
)
|
0.03
|
(0.01
)
|
0.10
| |||||
Total
from investment operations |
0.15
|
(0.31
)
|
0.15
|
0.14
|
0.25
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.17
)
|
(0.10
)
|
(0.12
)
|
(0.14
)
|
(0.16
)
| |||||
Tax
basis return of capital |
0.00
|
0.00
|
0.00
|
0.00
|
(0.00
)
2
| |||||
Total
distributions to shareholders |
(0.17
)
|
(0.10
)
|
(0.12
)
|
(0.14
)
|
(0.16
)
| |||||
Net
asset value, end of period |
$ |
9.52
|
$ |
9.54
|
$ |
9.95
|
$ |
9.92
|
$ |
9.92
|
Total
return3
|
1.53
%
|
(3.09
)%
|
1.52
%
|
1.47
%
|
2.57
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
0.76
%
|
0.76
%
|
0.77
%
|
0.76
%
|
0.76
%
| |||||
Net
expenses |
0.63
%
|
0.63
%
|
0.63
%
|
0.63
%
|
0.63
%
| |||||
Net
investment income |
1.71
%
|
1.05
%
|
1.20
%
|
1.52
%
|
1.59
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
30
%
|
28
%
|
20
%
|
35
%
|
33
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
397,949
|
$ |
522,582
|
$ |
685,618
|
$ |
743,254
|
$ |
991,514
|
1 | Calculated based upon average shares outstanding |
2 | Amount is less than $0.005. |
3 | Total return calculations do not include any sales charges. |
Year
ended June 30 | ||||||||||
Class
C |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
9.54
|
$ |
9.95
|
$ |
9.92
|
$ |
9.92
|
$ |
9.83
|
Net
investment income |
0.09
1
|
0.03
|
0.05
|
0.08
|
0.08
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.02
)
|
(0.41
)
|
0.03
|
(0.01
)
|
0.10
| |||||
Total
from investment operations |
0.07
|
(0.38
)
|
0.08
|
0.07
|
0.18
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.09
)
|
(0.03
)
|
(0.05
)
|
(0.07
)
|
(0.09
)
| |||||
Tax
basis return of capital |
0.00
|
0.00
|
0.00
|
0.00
|
(0.00
)
2
| |||||
Total
distributions to shareholders |
(0.09
)
|
(0.03
)
|
(0.05
)
|
(0.07
)
|
(0.09
)
| |||||
Net
asset value, end of period |
$ |
9.52
|
$ |
9.54
|
$ |
9.95
|
$ |
9.92
|
$ |
9.92
|
Total
return3
|
0.77
%
|
(3.82
)%
|
0.76
%
|
0.71
%
|
1.81
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.51
%
|
1.51
%
|
1.51
%
|
1.50
%
|
1.51
%
| |||||
Net
expenses |
1.38
%
|
1.38
%
|
1.38
%
|
1.38
%
|
1.38
%
| |||||
Net
investment income |
0.97
%
|
0.30
%
|
0.45
%
|
0.77
%
|
0.84
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
30
%
|
28
%
|
20
%
|
35
%
|
33
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
4,731
|
$ |
5,058
|
$ |
6,962
|
$ |
16,870
|
$ |
34,381
|
1 | Calculated based upon average shares outstanding |
2 | Amount is less than $0.005. |
3 | Total return calculations do not include any sales charges. |
110 | Municipal Fixed Income Funds |
Year
ended June 30 | ||||||||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
8.68
|
$ |
9.33
|
$ |
9.17
|
$ |
9.14
|
$ |
8.93
|
Net
investment income |
0.17
|
0.13
|
0.14
|
0.17
|
0.18
| |||||
Net
realized and unrealized gains (losses) on investments
|
0.00
1
|
(0.65
)
|
0.16
|
0.03
|
0.21
| |||||
Total
from investment operations |
0.17
|
(0.52
)
|
0.30
|
0.20
|
0.39
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.17
)
|
(0.13
)
|
(0.14
)
|
(0.16
)
|
(0.18
)
| |||||
Net
realized gains |
0.00
|
0.00
|
0.00
|
(0.01
)
|
0.00
| |||||
Total
distributions to shareholders |
(0.17
)
|
(0.13
)
|
(0.14
)
|
(0.17
)
|
(0.18
)
| |||||
Net
asset value, end of period |
$ |
8.68
|
$ |
8.68
|
$ |
9.33
|
$ |
9.17
|
$ |
9.14
|
Total
return2
|
2.03
%
|
(5.66
)%
|
3.26
%
|
2.23
%
|
4.41
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
0.80
%
|
0.79
%
|
0.79
%
|
0.79
%
|
0.80
%
| |||||
Net
expenses |
0.80
%
|
0.79
%
|
0.79
%
|
0.79
%
|
0.80
%
| |||||
Net
investment income |
2.00
%
|
1.38
%
|
1.47
%
|
1.81
%
|
1.99
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
15
%
|
24
%
|
11
%
|
26
%
|
29
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
407,928
|
$ |
508,573
|
$ |
622,409
|
$ |
545,670
|
$ |
528,004
|
1 | Amount is less than $0.005. |
2 | Total return calculations do not include any sales charges. |
Year
ended June 30 | ||||||||||
Class
C |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
8.71
|
$ |
9.36
|
$ |
9.20
|
$ |
9.17
|
$ |
8.96
|
Net
investment income |
0.12
|
0.06
|
0.07
|
0.10
|
0.11
1
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.01
)
|
(0.65
)
|
0.16
|
0.04
|
0.21
| |||||
Total
from investment operations |
0.11
|
(0.59
)
|
0.23
|
0.14
|
0.32
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.11
)
|
(0.06
)
|
(0.07
)
|
(0.10
)
|
(0.11
)
| |||||
Net
realized gains |
0.00
|
0.00
|
0.00
|
(0.01
)
|
0.00
| |||||
Total
distributions to shareholders |
(0.11
)
|
(0.06
)
|
(0.07
)
|
(0.11
)
|
(0.11
)
| |||||
Net
asset value, end of period |
$ |
8.71
|
$ |
8.71
|
$ |
9.36
|
$ |
9.20
|
$ |
9.17
|
Total
return2
|
1.27
%
|
(6.34
)%
|
2.49
%
|
1.47
%
|
3.62
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.55
%
|
1.54
%
|
1.54
%
|
1.54
%
|
1.55
%
| |||||
Net
expenses |
1.55
%
|
1.54
%
|
1.54
%
|
1.54
%
|
1.55
%
| |||||
Net
investment income |
1.24
%
|
0.62
%
|
0.72
%
|
1.06
%
|
1.24
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
15
%
|
24
%
|
11
%
|
26
%
|
29
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
27,858
|
$ |
39,696
|
$ |
56,483
|
$ |
69,472
|
$ |
82,331
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
Municipal Fixed Income Funds | 111 |
Year
ended June 30 | ||||||||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
9.45
|
$ |
9.61
|
$ |
9.59
|
$ |
9.60
|
$ |
9.57
|
Net
investment income |
0.13
1
|
0.03
|
0.04
|
0.12
|
0.12
1
| |||||
Net
realized and unrealized gains (losses) on investments
|
0.04
|
(0.16
)
|
0.02
|
(0.01
)
|
0.03
| |||||
Total
from investment operations |
0.17
|
(0.13
)
|
0.06
|
0.11
|
0.15
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.13
)
|
(0.03
)
|
(0.04
)
|
(0.12
)
|
(0.12
)
| |||||
Net
asset value, end of period |
$ |
9.49
|
$ |
9.45
|
$ |
9.61
|
$ |
9.59
|
$ |
9.60
|
Total
return2
|
1.83
%
|
(1.38
)%
|
0.62
%
|
1.13
%
|
1.63
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
0.67
%
|
0.66
%
|
0.66
%
|
0.77
%
|
0.77
%
| |||||
Net
expenses |
0.50
%
|
0.50
%
|
0.50
%
|
0.65
%
|
0.67
%
| |||||
Net
investment income |
1.37
%
|
0.29
%
|
0.42
%
|
1.21
%
|
1.28
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
29
%
|
46
%
|
30
%
|
55
%
|
55
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
224,086
|
$ |
291,008
|
$ |
317,609
|
$ |
376,203
|
$ |
444,581
|
1 | Calculated based upon average shares outstanding |
2 | Total return calculations do not include any sales charges. |
Year
ended June 30 | ||||||||||
Class
C |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
9.32
|
$ |
9.48
|
$ |
9.41
|
$ |
9.43
|
$ |
9.40
|
Net
investment income |
0.06
1
|
0.00
1,2
|
0.00
1,2
|
0.04
1
|
0.05
1
| |||||
Payment
from affiliate |
0.00
|
0.00
|
0.07
|
0.00
|
0.00
| |||||
Net
realized and unrealized gains (losses) on investments
|
0.09
|
(0.16
)
|
0.00
|
(0.02
)
|
0.03
| |||||
Total
from investment operations |
0.15
|
(0.16
)
|
0.07
|
0.02
|
0.08
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.06
)
|
(0.00
)
2
|
(0.00
)
2
|
(0.04
)
|
(0.05
)
| |||||
Net
asset value, end of period |
$ |
9.41
|
$ |
9.32
|
$ |
9.48
|
$ |
9.41
|
$ |
9.43
|
Total
return3
|
1.62
%
4
|
(1.67
)%
|
0.76
%
5
|
0.26
%
|
0.87
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.42
%
|
1.40
%
|
1.41
%
|
1.51
%
|
1.52
%
| |||||
Net
expenses |
1.25
%
|
0.81
%
*
|
0.92
%
*
|
1.41
%
|
1.42
%
| |||||
Net
investment income |
0.66
%
|
0.02
%
|
0.02
%
|
0.47
%
|
0.54
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
29
%
|
46
%
|
30
%
|
55
%
|
55
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
2,839
|
$ |
2,448
|
$ |
1,659
|
$ |
2,925
|
$ |
10,135
|
* | Ratio includes class-level expenses which were voluntarily waived by the investment manager. Without this voluntary waiver, the net expense ratio would be increased by the following amounts: |
|
|
Year
ended June 30, 2022 |
0.44% |
|
|
Year
ended June 30, 2021 |
0.33% |
1 | Calculated based upon average shares outstanding |
2 | Amount is less than $0.005. |
3 | Total return calculations do not include any sales charges. |
4 | During the year ended June 30, 2023, the Fund received a payment from a service provider which had a 0.51% impact on the total return. |
5 | During the year ended June 30, 2021, the Fund received a payment from an affiliate which had a 0.73% impact on total return. |
112 | Municipal Fixed Income Funds |
Year
ended June 30 | ||||||||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.30
|
$ |
11.28
|
$ |
11.12
|
$ |
11.04
|
$ |
10.74
|
Net
investment income |
0.25
|
0.20
|
0.21
|
0.25
|
0.29
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.05
)
|
(0.97
)
|
0.16
|
0.08
|
0.30
| |||||
Total
from investment operations |
0.20
|
(0.77
)
|
0.37
|
0.33
|
0.59
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.25
)
|
(0.20
)
|
(0.21
)
|
(0.25
)
|
(0.29
)
| |||||
Net
realized gains |
0.00
|
(0.01
)
|
0.00
|
(0.00
)
1
|
0.00
| |||||
Total
distributions to shareholders |
(0.25
)
|
(0.21
)
|
(0.21
)
|
(0.25
)
|
(0.29
)
| |||||
Net
asset value, end of period |
$ |
10.25
|
$ |
10.30
|
$ |
11.28
|
$ |
11.12
|
$ |
11.04
|
Total
return2
|
1.95
%
|
(6.93
)%
|
3.37
%
|
3.05
%
|
5.56
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
0.95
%
|
0.92
%
|
0.92
%
|
0.95
%
|
0.94
%
| |||||
Net
expenses |
0.70
%
|
0.69
%
|
0.68
%
|
0.69
%
|
0.70
%
| |||||
Net
investment income |
2.41
%
|
1.79
%
|
1.88
%
|
2.24
%
|
2.66
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
15
%
|
12
%
|
10
%
|
24
%
|
8
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
63,820
|
$ |
66,388
|
$ |
76,836
|
$ |
81,173
|
$ |
84,924
|
1 | Amount is less than $0.005. |
2 | Total return calculations do not include any sales charges. |
Year
ended June 30 | ||||||||||
Class
C |
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Net
asset value, beginning of period |
$ |
10.30
|
$ |
11.28
|
$ |
11.12
|
$ |
11.04
|
$ |
10.74
|
Net
investment income |
0.17
|
0.11
|
0.13
|
0.17
1
|
0.21
| |||||
Net
realized and unrealized gains (losses) on investments
|
(0.05
)
|
(0.97
)
|
0.16
|
0.08
|
0.30
| |||||
Total
from investment operations |
0.12
|
(0.86
)
|
0.29
|
0.25
|
0.51
| |||||
Distributions
to shareholders from |
|
|
|
|
| |||||
Net
investment income |
(0.17
)
|
(0.11
)
|
(0.13
)
|
(0.17
)
|
(0.21
)
| |||||
Net
realized gains |
0.00
|
(0.01
)
|
0.00
|
(0.00
)
2
|
0.00
| |||||
Total
distributions to shareholders |
(0.17
)
|
(0.12
)
|
(0.13
)
|
(0.17
)
|
(0.21
)
| |||||
Net
asset value, end of period |
$ |
10.25
|
$ |
10.30
|
$ |
11.28
|
$ |
11.12
|
$ |
11.04
|
Total
return3
|
1.18
%
|
(7.64
)%
|
2.58
%
|
2.27
%
|
4.78
%
| |||||
Ratios
to average net assets (annualized) |
|
|
|
|
| |||||
Gross
expenses |
1.70
%
|
1.66
%
|
1.67
%
|
1.70
%
|
1.69
%
| |||||
Net
expenses |
1.45
%
|
1.45
%
|
1.45
%
|
1.45
%
|
1.45
%
| |||||
Net
investment income |
1.65
%
|
1.02
%
|
1.12
%
|
1.49
%
|
1.92
%
| |||||
Supplemental
data |
|
|
|
|
| |||||
Portfolio
turnover rate |
15
%
|
12
%
|
10
%
|
24
%
|
8
%
| |||||
Net
assets, end of period (000s omitted) |
$ |
3,276
|
$ |
4,204
|
$ |
5,496
|
$ |
5,842
|
$ |
6,687
|
1 | Calculated based upon average shares outstanding |
2 | Amount is less than $0.005. |
3 | Total return calculations do not include any sales charges. |
Municipal Fixed Income Funds | 113 |
Front-end
Sales Load Waivers on Class A Shares available at Merrill
Lynch |
Employer-sponsored
retirement, deferred compensation and employee benefit plans (including
health savings accounts)
and trusts used to fund those plans, provided that the shares are not held
in a commission-based brokerage
account and shares are held for the benefit of the plan
|
Shares
purchased by a 529 Plan (does not include 529 Plan units or 529-specific
share classes or equivalents) |
Shares
purchased through a Merrill Lynch affiliated investment advisory
program |
Shares
exchanged due to the holdings moving from a Merrill Lynch affiliated
investment advisory program to a Merrill
Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s
policies relating to sales load discounts and
waivers |
Shares
purchased by third party investment advisors on behalf of their advisory
clients through Merrill Lynch’s platform
|
Shares
of funds purchased through the Merrill Edge Self-Directed platform (if
applicable) |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing
shares of the same fund (but not any other fund within the fund
family) |
Shares
exchanged from Class C (i.e. level-load) shares of the same fund pursuant
to Merrill Lynch’s policies relating
to sales load discounts and waivers |
Employees
and registered representatives of Merrill Lynch or its affiliates and
their family members, as defined by Merrill
Lynch, which may differ from the definition of family member in the Fund
prospectus |
Directors
or Trustees of the Fund, and employees of the Fund’s investment adviser or
any of its affiliates, as described
in this prospectus |
Eligible
shares purchased from the proceeds of redemptions within the same fund
family, provided (1) the repurchase
occurs within 90 days following the redemption, (2) the redemption and
purchase occur in the same account,
and (3) redeemed shares were subject to a front-end or deferred sales load
(known as Rights of Reinstatement).
Automated transactions (i.e. systematic purchases and withdrawals) and
purchases made after shares
are automatically sold to pay Merrill Lynch’s account maintenance fees are
not eligible for reinstatement |
CDSC
Waivers on A, B and C Shares available at Merrill
Lynch |
Death
or disability of the shareholder |
Shares
sold as part of a systematic withdrawal plan as described in the Fund’s
prospectus |
Return
of excess contributions from an IRA Account |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts pursuant to the Internal Revenue
Code |
Shares
sold to pay Merrill Lynch fees but only if the transaction is initiated by
Merrill Lynch |
Shares
acquired through a right of reinstatement |
Shares
held in retirement brokerage accounts, that are exchanged for a lower cost
share class due to transfer to certain
fee based accounts or platforms (applicable to A and C shares
only) |
Shares
received through an exchange due to the holdings moving from a Merrill
Lynch affiliated investment advisory
program to a Merrill Lynch brokerage (non-advisory) account pursuant to
Merrill Lynch’s policies relating to
sales load discounts and waivers |
Front-end
load Discounts Available at Merrill Lynch: Breakpoints,
Rights of Accumulation & Letters of Intent |
Breakpoints
as described in this prospectus.
|
114 | Municipal Fixed Income Funds |
Rights
of Accumulation (ROA) which entitle shareholders to breakpoint discounts
as described in the Fund’s prospectus
will be automatically calculated based on the aggregated holding of fund
family assets held by accounts
(including 529 program holdings, where applicable) within the purchaser’s
household at Merrill Lynch. Eligible
fund family assets not held at Merrill Lynch may be included in the ROA
calculation only if the shareholder
notifies his or her financial advisor about such assets
|
Letters
of Intent (LOI) which allow for breakpoint discounts based on anticipated
purchases within a fund family, through
Merrill Lynch, over a 13-month period of time (if
applicable). |
Front-end
Sales Load Waivers on Class A Shares Available at Ameriprise
Financial |
Employer-sponsored
retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b)
plans, profit sharing
and money purchase pension plans and defined benefit plans). For purposes
of this provision, employer-sponsored
retirement plans do not include SEP IRAs, Simple IRAs or
SAR-SEPs. |
Shares
purchased through reinvestment of distributions and dividend reinvestment
when purchasing shares of the
same Fund (but not any other fund within the same fund
family). |
Shares
exchanged from Class C shares of the same fund in the month of or
following the 7-year anniversary of the purchase
date. To the extent that this prospectus elsewhere provides for a waiver
with respect to exchanges of Class
C shares or conversion of Class C shares following a shorter holding
period, that waiver will apply. |
Employees
and registered representatives of Ameriprise Financial or its affiliates
and their immediate family members.
|
Shares
purchased by or through qualified accounts (including IRAs, Coverdell
Education Savings Accounts, 401(k)s,
403(b) TSCAs subject to ERISA and defined benefit plans) that are held by
a covered family member,
defined as an Ameriprise financial advisor and/or the advisor’s spouse,
advisor’s lineal ascendant (mother,
father, grandmother, grandfather, great grandmother, great grandfather),
advisor’s lineal descendant (son,
step-son, daughter, step-daughter, grandson, granddaughter, great
grandson, great granddaughter) or any spouse
of a covered family member who is a lineal descendant.
|
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs
within 90 days following the redemption, (2) the redemption and purchase
occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (i.e.
Rights of Reinstatement). Subject to the
Fund’s policy regarding frequent purchases and redemptions of Fund shares,
you may not be able to repurchase
shares for the first 30 days after your redemption.
|
Municipal Fixed Income Funds | 115 |
Front-end
Sales Charge Waivers on Class A Shares Available at Morgan Stanley Wealth
Management |
Employer-sponsored
retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b)
plans, profit sharing and
money purchase pension plans and defined benefit plans). For purposes of
this provision, employer-sponsored
retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh
plans. |
Morgan
Stanley employee and employee-related accounts according to Morgan
Stanley’s account linking rules. |
Shares
purchased through reinvestment of dividends and capital gains
distributions when purchasing shares of the
same fund. |
Shares
purchased through a Morgan Stanley self-directed brokerage
account. |
Class
C (i.e., level-load) shares that are no longer subject to a contingent
deferred sales charge and are exchanged
to Class A shares or Class A2 shares, as applicable, of the same fund
pursuant to Morgan Stanley Wealth
Management’s share class exchange program. |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (i) the repurchase occurs
within 90 days following the redemption, (ii) the redemption and purchase
occur in the same account, and (iii)
redeemed shares were subject to a front-end or deferred sales
charge. |
Morgan
Stanley, on your behalf, can convert Class A shares of the Allspring
Ultra Short-Term Income Fund and the Allspring
Ultra Short-Term Municipal Income Fund to Class A2 shares of the same
funds, without a sales charge and on
a tax free basis. |
Front-end
Sales Load Waivers on Class A shares Available at Raymond
James |
Shares
purchased in an investment advisory program. |
Shares
purchased within the same fund family through a systematic reinvestment of
capital gains and dividend distributions.
|
Employees
and registered representatives of Raymond James or its affiliates and
their family members as designated
by Raymond James. |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs
within 90 days following the redemption, (2) the redemption and purchase
occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (known
as Rights of Reinstatement). |
A
shareholder in the fund’s Class C shares will have their shares
automatically exchanged at net asset value to Class
A shares (or the appropriate share class) of the fund if the shares are no
longer subject to a CDSC and the exchange
is in line with the policies and procedures of Raymond
James. |
CDSC
Waivers on Class A and C Shares Available at Raymond
James |
Death
or disability of the shareholder. |
Shares
sold as part of a systematic withdrawal plan as described in this
Prospectus. |
Return
of excess contributions from an IRA Account. |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts due to the shareholder reaching
the qualified age based on applicable IRS regulations as described in this
Prospectus. |
Shares
sold to pay Raymond James fees but only if the transaction is initiated by
Raymond James. |
Shares
acquired through a right of reinstatement.
|
116 | Municipal Fixed Income Funds |
Front-end
Load Discounts Available at Raymond James: Breakpoints, Rights of
Accumulation, and/or Letters of Intent |
Breakpoints
as described in this Prospectus. |
Rights
of accumulation which entitle shareholders to breakpoint discounts will be
automatically calculated based on
the aggregated holding of fund family assets held by accounts within the
purchaser’s household at Raymond James.
Eligible fund family assets not held at Raymond James may be included in
the calculation of rights of accumulation
only if the shareholder notifies his or her financial advisor about such
assets. |
Letters
of intent which allow for breakpoint discounts based on anticipated
purchases within a fund family, over a 13-month
time period. Eligible fund family assets not held at Raymond James may be
included in the calculation of
letters of intent only if the shareholder notifies his or her financial
advisor about such assets. |
Front-end
sales charge1
waivers on Class A shares available at Janney |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing
shares of the same fund (but not any other fund within the fund
family). |
Shares
purchased by employees and registered representatives of Janney or its
affiliates and their family members
as designated by Janney. |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs
within ninety (90) days following the redemption, (2) the redemption and
purchase occur in the same account,
and (3) redeemed shares were subject to a front-end or deferred sales load
(i.e., right of reinstatement). |
Employer-sponsored
retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b)
plans, profit sharing
and money purchase pension plans and defined benefit plans). For purposes
of this provision, employer-sponsored
retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh
plans. |
Shares
acquired through a right of reinstatement. |
Class
C shares that are no longer subject to a contingent deferred sales charge
and are converted to Class A shares
of the same fund pursuant to Janney’s policies and
procedures. |
CDSC
waivers on Class A and C shares available at Janney |
Shares
sold upon the death or disability of the shareholder.
|
Shares
sold as part of a systematic withdrawal plan as described in the fund’s
Prospectus. |
Shares
purchased in connection with a return of excess contributions from an IRA
account. |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts if the redemption is taken in
or after the year the shareholder reaches qualified age based on
applicable IRS regulations. |
Shares
sold to pay Janney fees but only if the transaction is initiated by
Janney. |
Shares
acquired through a right of reinstatement. |
Shares
exchanged into the same share class of a different fund.
|
Front-end
sales charge1
discounts available at Janney; breakpoints, rights of accumulation and/or
letters of intent |
Breakpoints
as described in this Prospectus. |
Rights
of accumulation (“ROA”), which entitle shareholders to breakpoint
discounts, will be automatically calculated
based on the aggregated holding of fund family assets held by accounts
within the purchaser’s household
at Janney. Eligible fund family assets not held at Janney may be included
in the ROA calculation only if the
shareholder notifies his or her financial advisor about such
assets. |
Letters
of intent which allow for breakpoint discounts based on anticipated
purchases within a fund family, over a 13-month
time period. Eligible fund family assets not held at Janney Montgomery
Scott may be included in the calculation
of letters of intent only if the shareholder notifies his or her financial
advisor about such assets. |
1. | Also referred to as an “initial sales charge.” |
Municipal Fixed Income Funds | 117 |
Breakpoints
available at Edward Jones Breakpoint pricing, otherwise known as volume pricing, at dollar thresholds as described in the prospectus. |
Rights
of Accumulation (“ROA”)
The applicable sales charge on a purchase of Class A shares is determined by taking into account all share classes (except certain money market funds and any assets held in group retirement plans) of Allspring Funds held by the shareholder or in an account grouped by Edward Jones with other accounts for the purpose of providing certain pricing considerations (“pricing groups”). If grouping assets as a shareholder, this includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible fund family assets in the ROA calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. Money market funds are included only if such shares were sold with a sales charge at the time of purchase or acquired in exchange for shares purchased with a sales charge. The
employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to
establish or change ROA for the IRA accounts
associated with the plan to a plan-level grouping as opposed to including
all share classes at a shareholder or
pricing group level.
ROA
is determined by calculating the higher of cost minus redemptions or
market value (current shares x NAV). |
Letter
of Intent (“LOI”)
Through a LOI, shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front- end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13- month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not adjusted under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. If
the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected
to establish or change ROA for the IRA
accounts associated with the plan to a plan-level grouping, LOIs will also
be at the plan-level and may only be established
by the employer. |
Sales
charges are waived for the following shareholders and in the following
situations at Edward Jones: |
Associates
of Edward Jones and its affiliates and their family members who are in the
same pricing group (as determined
by Edward Jones under its policies and procedures) as the associate. This
waiver will continue for the remainder
of the associate’s life if the associate retires from Edward Jones in
good-standing and remains in good standing
pursuant to Edward Jones’ policies and procedures.
|
Shares
purchased in an Edward Jones fee-based program. |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment. |
Shares
purchased from the proceeds of redeemed shares of the same fund family so
long as the following conditions
are met: 1) the proceeds are from the sale of shares within 60 days of the
purchase, and 2) the sale and purchase
are made in the same share class and the same account or the purchase is
made in an individual retirement
account with proceeds from liquidations in a non-retirement
account. |
Shares
exchanged into Class A shares from another share class so long as the
exchange is into the same fund and was
initiated at the discretion of Edward Jones. Edward Jones is responsible
for any remaining CDSC due to the fund
company, if applicable. Any future purchases are subject to the applicable
sales charge as disclosed in the prospectus.
|
Exchanges
from Class C shares to Class A shares of the same fund, generally, in the
84th month following the anniversary
of the purchase date or earlier at the discretion of Edward
Jones. |
If
the shareholder purchases shares that are subject to a CDSC and those
shares are redeemed before the CDSC is
expired, the shareholder is responsible to pay the CDSC except in the
following conditions available at Edward Jones: |
The
death or disability of the shareholder.
|
118 | Municipal Fixed Income Funds |
Systematic
withdrawals with up to 10% per year of the account value.
|
Return
of excess contributions from an Individual Retirement Account
(IRA). |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts if the redemption is taken in
or after the year the shareholder reaches qualified age based on
applicable IRS regulation. |
Shares
sold to pay Edward Jones fees or costs in such cases where the transaction
is initiated by Edward Jones. |
Shares
exchanged in an Edward Jones fee-based program. |
Shares
acquired through NAV reinstatement. |
Shares
redeemed at the discretion of Edward Jones for Minimum Balances, as
described below. |
Other Important Information Regarding
Transactions Through Edward Jones: |
Minimum
Purchase Amounts • Initial purchase minimum: $250 • Subsequent purchase minimum: none |
Minimum
Balances • Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy: o A fee-based account held on an Edward Jones platform o A 529 account held on an Edward Jones platform o An account with an active systematic investment plan or LOI |
Exchanging
Share Classes • At any time it deems necessary, Edward Jones has the authority to exchange at NAV a shareholder’s holdings in a fund to Class A shares of the same fund. |
Front-end
Sales Load Waivers on Class A Shares available at
Baird |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing
share of the same fund. |
Share
purchase by employees and registers representatives of Baird or its
affiliate and their family members as designated
by Baird. |
Shares
purchase from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs
within 90 days following the redemption, (2) the redemption and purchase
occur in the same accounts, and
(3) redeemed shares were subject to a front-end or deferred sales charge
(known as rights of reinstatement). |
A
shareholder in the Funds Investor C Shares will have their share exchanged
at net asset value to Investor A shares
of the fund if the shares are no longer subject to CDSC and the exchange
is in line with the policies and procedures
of Baird. |
Employer-sponsored
retirement plans or charitable accounts in a transactional brokerage
account at Baird, including
401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing
and money purchase pension plans
and defined benefit plans. For purposes of this provision,
employer-sponsored retirement plans do not include
SEP IRAs, Simple IRAs or SAR-SEPs. |
CDSC
Waivers on A and C Shares available at Baird |
Shares
sold due to death or disability of the shareholder.
|
Shares
sold as part of a systematic withdrawal plan as described in the Fund’s
Prospectus. |
Shares
bought due to returns of excess contributions from an IRA
Account. |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts due to the shareholder reaching
age 72 as described in the Fund’s Prospectus. |
Shares
sold to pay Baird fees but only if the transaction is initiated by
Baird. |
Shares
acquired through a right of reinstatement. |
Front-end
load Discounts Available at Baird: Breakpoint and/or Rights of
Accumulation |
Municipal Fixed Income Funds | 119 |
Breakpoints
as described in this Prospectus. |
Rights
of accumulations which entitles shareholders to breakpoint discounts will
be automatically calculated based
on the aggregated holding of fund family assets held by accounts within
the purchaser’s household at Baird. Eligible
fund family assets not held at Baird may be included in the rights of
accumulations calculation only if
the shareholder notifies his or her financial advisor about such
assets. |
Letters
of Intent (LOI) allow for breakpoint discounts based on anticipated
purchases within a fund family through Baird,
over a 13-month period of time. |
Front-end
Sales Load Waivers on Class A Shares available at
Oppenheimer |
Employer-sponsored
retirement, deferred compensation and employee benefit plans (including
health savings accounts)
and trusts used to fund those plans, provided that the shares are not held
in a commission-based brokerage
account and shares are held for the benefit of the plan.
|
Shares
purchased by or through a 529 Plan. |
Shares
purchased through an Oppenheimer affiliated investment advisory
program. |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing
shares of the same fund (but not any other fund within the fund
family). |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs
within 90 days following the redemption, (2) the redemption and purchase
occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (known
as Rights of Restatement). |
A
shareholder in the Fund’s Class C shares will have their shares exchanged
at net asset value to Class A shares (or the
appropriate share class) of the Fund if the shares are no longer subject
to a CDSC and the exchange is in line with
the policies and procedures of Oppenheimer. |
Employees
and registered representatives of Oppenheimer or its affiliates and their
family members. |
Directors
or Trustees of the Fund, and employees of the Fund’s investment adviser or
any of its affiliates, as described
in this Prospectus. |
CDSC
Waivers on A and C Shares available at Oppenheimer |
Death
or disability of the shareholder. |
Shares
sold as part of a systematic withdrawal plan as described in this
Prospectus. |
Return
of excess contributions from an IRA Account. |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts due to the shareholder reaching
the qualified age based on applicable IRS regulations as described in this
Prospectus. |
Shares
sold to pay Oppenheimer fees but only if the transaction is initiated by
Oppenheimer. |
Shares
acquired through a right of reinstatement. |
Front-end
load Discounts Available at Oppenheimer: Breakpoints, Rights of
Accumulation & Letters of Intent |
Breakpoints
as described in this Prospectus. |
Rights
of Accumulation (ROA), which entitle shareholders to breakpoint discounts,
will be automatically calculated
based on the aggregated holding of fund family assets held by accounts
within the purchaser’s household
at Oppenheimer. Eligible fund family assets not held at Oppenheimer may be
included in the ROA calculation
only if the shareholder notifies his or her financial advisor about such
assets. |
120 | Municipal Fixed Income Funds |
Municipal Fixed Income Funds | 121 |
FOR
MORE INFORMATION
More
information on a Fund is available free upon request,
including the following documents: Statement
of Additional Information (“SAI”)
Supplements the disclosures made by this Prospectus. The SAI, which has been filed with the SEC, is incorporated by reference into this Prospectus and therefore is legally part of this Prospectus. Annual/Semi-Annual
Reports
Provide financial and other important information, including a discussion of the market conditions and investment strategies that significantly affected Fund performance over the reporting period. To
obtain copies of the above documents or for more
information about Allspring Funds, contact us: By
telephone: Individual Investors: 1-800-222-8222 Retail Investment Professionals: 1-888-877-9275 Institutional Investment Professionals: 1-800-260-5969 |
By
mail:
Allspring Funds P.O. Box 219967 Kansas City, MO 64121-9967 Online:
allspringglobal.com From
the SEC:
Visit the SEC’s Public Reference Room in Washington, DC (phone 1-202-551-8090 for operational information for the SEC’s Public Reference Room) or the SEC’s website at sec.gov. To
obtain information for a fee, write or email: SEC’s Public Reference Section 100 “F” Street, NE Washington, DC 20549-0102 [email protected] The Allspring Funds are distributed by Allspring Funds Distributor, LLC, a member of FINRA. |
©
2023
Allspring Global Investments Holdings, LLC. All rights
reserved. |
PRO0033
11-23 ICA Reg. No. 811-09253 |