EX-99.H OTH MAT CONT 3 classleveladmin.htm OTHER MATERIAL CONTRACTS
CLASS-LEVEL ADMINISTRATION AGREEMENT
 
This AMENDED AND RESTATED CLASS-LEVEL ADMINISTRATION AGREEMENT (this “Agreement”) is made as of this 1st date of July, 2015, as amended and restated as of December 6, 2021, between Allspring Funds Trust, a Delaware statutory trust (the “Trust”) and Allspring Funds Management, LLC, a limited liability company organized under the laws of the State of Delaware (“Funds Management”).
 
WHEREAS, this Class-Level Administration Agreement amends and replaces the agreement dated July 1, 2015 previously entered into by and between the parties;
 
WHEREAS, the Trust is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”);
 
WHEREAS, the Trust desires to retain Funds Management to render certain administrative services to the share classes  (individually, a “Class” and collectively, the “Classes”) of the Trust’s investment portfolios (individually, a “Fund” and collectively, the “Funds”) listed on Appendix A, and Funds Management is willing to render such services; and
 
WHEREAS, the Trust, on behalf of each Fund, has entered into an investment management agreement ( “Investment Management Agreement”) with Funds Management for the provision of advisory services and Fund-level administrative services.
 
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the parties agree as follows:
 
1.
Appointment.  The Trust hereby appoints Funds Management to act as Class-level Administrator of the Funds, and Funds Management hereby accepts such appointment and agrees to render such services and duties set forth in Paragraph 3, for the compensation and on the terms herein provided.  Each new investment portfolio and share class thereof established in the future by the Trust shall automatically become a “Fund” or “Class,” respectively, for all purposes hereunder as if it were listed on Appendix A, absent written notification to the contrary by either the Trust or Funds Management.
 
2.
Delivery of Documents.  The Trust shall furnish to, or cause to be furnished to, Funds Management originals of, or copies of, all books, records, and other documents and papers related in any way to the administration of the Trust.
 
3.
Duties as Class-Level Administrator.  Funds Management shall, at its expense, provide the following administrative services in connection with the operations of the Trust and the Funds to the degree and extent that such services are provided to a Class, even if that Class is the only Class offered by a Fund, or Classes of a Fund (“Class-Level Duties”):  
 
(a)
coordinate, supervise and make all payments to the Funds’ transfer agent and various sub-transfer agents and omnibus account servicers and record-keepers;
 
(b)
receive and tabulate shareholder votes;
 
(c)
furnish statistical and research data;
 
(d)
coordinate (or assist in) the preparation and filing with the U.S. Securities and Exchange Commission (“SEC”) of registration statements, notices, shareholder reports, and other material required to be filed under applicable laws;
 
(e)
prepare and file with the states registration statements, notices, reports, and other material required to be filed under applicable laws;
 
(f)
prepare and file Form 24F-2s and N-CENs;
 
(g)
review bills submitted to the Funds on behalf of specific Classes and, upon determining that a bill is appropriate, allocate amounts to the appropriate Classes and instruct the Funds’ custodian to pay such bills;
 
(h)
coordinate (or assist in) the preparation of reports and other information materials regarding the Classes, including prospectuses, proxies and other shareholder communications;
 
(i)
prepare expense table and performance information for annual updates;  
 
(j)
provide legal and regulatory advice to the Funds in connection with its Class-level administrative functions, including assignment of matters to outside legal counsel and supervision of the work of such counsel;
 
(k)
provide office facilities and clerical support for the Funds on behalf of specific Classes;
 
(l)
develop and implement procedures for monitoring compliance with Class-level regulatory requirements;
 
(m)
serve as liaison between the Funds on behalf of specific Classes and their independent auditors; 
 
(n)
review payments of Class expenses;
 
(o)
prepare expense budgeting and accruals;
 
(p)
provide communication, coordination, and supervision services with regard to the Funds’ transfer agent, custodian, fund accountant, any co-administrators, and other service organizations that render recordkeeping or shareholder communication services; 
 
(q)
assemble and disseminate to appropriate parties information concerning Class performance, expenses, distributions and administration;
 
(r)
provide reports to the Funds’ Board of Trustees (“Board”) regarding the Classes’ activities;
 
(s)
assist in the preparation and assembly of meeting materials, including comparable fee information, as required, for the Funds’ Board; and
 
(t)
provide any other administrative services reasonably necessary for the operation of the Classes other than those services that are to be provided by the Trust’s transfer and dividend disbursing agent, custodian, and fund accountant, provided that nothing in this Agreement shall be deemed to require Funds Management to provide any services that may not be provided by it under applicable banking laws and regulations.
 
In performing all of the services under this Agreement, Funds Management shall: (a) act in conformity with the Trust’s Declaration of Trust (and By-Laws, if any), the 1940 Act, and any other applicable laws as may be amended from time to time, and all relevant rules thereunder, and with the Trust’s registration statement under the Securities Act of 1933 and the 1940 Act, as may be amended from time to time; (b) consult and coordinate with legal counsel to the Trust as necessary and appropriate; and (c) advise and report to the Trust and its legal counsel, as necessary and appropriate, with respect to any compliance or other matters that come to its attention.
 
In connection with its duties under this Paragraph, Funds Management may, at its own expense, enter into sub-administration agreements with other service providers, provided that each such service provider agrees with Funds Management to comply with this Agreement and all relevant provisions of the 1940 Act any other applicable laws as may be amended from time to time, and all relevant rules thereunder.  Funds Management will provide the Trust with a copy of each sub-administration agreement it executes relating to the Trust.  Funds Management will be liable for acts or omissions of any such sub-administrators under the standards of care described herein under Paragraph 5.  
 
4.
Compensation.  In consideration of the Class-Level Duties rendered by Funds Management under this Agreement for each multi-class Fund and each single class Fund, the Trust shall pay Funds Management a Class-level administrative fee as shown on Appendix A.  The fees payable pursuant to this Paragraph shall be calculated based on the average daily value (as determined on each business day at the time set forth in the prospectus for determining net asset value per share) of each Class’s net assets, as appropriate, during the preceding month.  If the fee payable to Funds Management pursuant to this Paragraph begins to accrue before the end of any month or if this Agreement terminates before the end of any month, the fee for the period from the effective date to the end of that month or from the beginning of that month to the termination date, respectively, shall be prorated according to the proportion that the period bears to the full month in which the effectiveness or termination occurs.  For purposes of calculating each such monthly fee, the value of each Class’s net assets shall be computed in the manner
specified in that Class’s registration statement as then on file with the SEC for the computation of the value of the Class’s net assets in connection with the determination of the net asset value of Class shares.  For purposes of this Agreement, a “business day” for a Class is any day that a Fund issuing the Class is open for trading.
 
5.
Limitation of Liability; Indemnification.
 
(a)
Funds Management shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust in connection with the performance of its obligations and duties under this Agreement, except a loss resulting from Funds Management’s willful misfeasance, bad faith, or negligence in the performance of its obligations and duties or that of its agents or sub-administrators, or by reason of its or their reckless disregard thereof.  Any person, even though also an officer, director, employee or agent of Funds Management, shall be deemed, when rendering services to the Trust or acting on any business of the Trust (other than services or business in connection with Funds Management’s duties as Administrator hereunder), to be acting solely for the Trust and not as an officer, director, employee, or agent or one under the control or discretion of Funds Management even though paid by it.
 
(b)
The Trust, on behalf of each Fund, will indemnify Funds Management against and hold it harmless from any and all losses, claims, damages, liabilities, or expenses (including reasonable counsel fees and expenses) resulting from any claim, demand, action, or suit relating to the particular Fund and not resulting from willful misfeasance, bad faith, or negligence of Funds Management or its agents or sub-administrators in the performance of their obligations and duties hereunder, or by reason of its or their reckless disregard thereof.  Funds Management will not confess any claim or settle or make any compromise in any instance in which the Trust will be asked to provide indemnification, except with the Trust’s prior written consent.  Any amounts payable by the Trust under this Subparagraph shall be satisfied only against the assets of the Fund involved in the claim, demand, action, or suit and not against the assets of any other Fund.
 
(c)
Funds Management will indemnify the Trust against and hold it harmless from any and all losses, claims, damages, liabilities, or expenses (including reasonable counsel fees and expenses) resulting from any claim, demand, action, or suit against the Trust or any Fund that resulted from a failure of Funds Management or its agents to act in accordance with the standard of care set forth in Subparagraph (a) above; provided that such loss, claim, damage, liability or expense did not result primarily from willful misfeasance, bad faith, or negligence of the Trust or its agents (other than Funds Management or agents of Funds Management) in the performance of their obligations and duties, or by reason of its or their reckless disregard thereof.  The Trust will not confess any claim or settle or make any compromise in any instance in which Funds Management will be asked to provide indemnification, except with Funds Management’s prior written consent.
 
6.
Allocation of Expenses.  Funds Management assumes and shall pay for maintaining the staff and personnel necessary to perform its obligations under this Agreement and shall, at its own expense, provide its own office space, facilities and equipment.  In addition to the fees described in Section 4 of this Agreement, the Trust (or its other service providers, as may be provided pursuant to their respective agreements and contracts with the Trust) shall pay all of its Class-level expenses which are not expressly assumed by Funds Management hereunder.  The Class-level expenses of legal counsel and accounting experts retained by Funds Management, after consulting with the Trust’s legal counsel and independent auditors, as may be reasonably necessary or appropriate for the performance by Funds Management of its duties under this Agreement, shall be deemed to be Class-level expenses of, and shall be paid for by, the Trust.
 
7.
Amendments.  The Fund-level administrative duties and fees of those agreements have been incorporated into the Investment Management Agreement. This Agreement may be amended at any time by mutual agreement in writing of the Trust and Funds Management, provided that the Board, including a majority of the trustees who are not interested persons of the Trust or any party to this Agreement, as defined by the 1940 Act, approves any such amendment in advance.
8.
Administrator’s Other Businesses.  Except to the extent necessary to perform Funds Management’s obligations under this Agreement, nothing herein shall be deemed to limit or restrict the right of Funds Management, or any affiliate or employee of Funds Management, to engage in any other business or to devote time and attention to the management or other aspects of any other business, whether of a similar or dissimilar nature, or to render services of any kind to any other corporation, firm, individual or association.
 
9.
Duration.  This Agreement shall become effective on its execution date and shall remain in full force and effect for one year or until terminated pursuant to the provisions in Paragraph 10, and it may be reapproved at least annually by the Board, including a majority of the directors who are not interested persons of the Trust or any party to this Agreement, as defined by the 1940 Act.
 
10.
Termination of Agreement.  This Agreement may be terminated at any time, without the payment of any penalty, by a vote of a majority of the members of the Board, on 60 days’ written notice to Funds Management; or by Funds Management on 60 days’ written notice to the Trust.  
 
11.
Trust not bound to violate its Declaration of Trust.  Nothing in this Agreement shall require the Trust to take any action contrary to any provision of its Declaration of Trust or to any applicable statute or regulation.
 
 
12.
Miscellaneous.
 
(a)
Any notice or other instrument authorized or required by this Agreement to be given in writing to the Trust or Funds Management shall be sufficiently given if addressed to that party and received by it at its office set forth below or at such other place as it may from time to time designate in writing.
 
To the Trust:
Allspring Funds Trust
525 Market Street, 12th Floor
San Francisco, California  94105
 
To Funds Management:
Allspring Funds Management, LLC
525 Market Street, 12th Floor
San Francisco, California  94105
 
(b)
This Agreement shall extend to and be binding upon the parties hereto and their respective successors and assigns; provided, however, that this Agreement shall not be subject to assignment (as that term is defined under the 1940 Act) without the written consent of the other party.
 
(c)
This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.
 
(d)
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, and which collectively shall be deemed to constitute only one agreement.
 
(e)
The captions of this Agreement are included for convenience of reference only and in no way define or delimit any of the provisions hereof or otherwise affect their construction or effect.
 
(f)
If any provision of this Agreement is declared to be prohibited or unenforceable, the remaining provisions of this Agreement shall continue to be valid and fully enforceable.
 
[Signature page follows]
 
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the day and year first above written.
ALLSPRING FUNDS TRUST
 
 
By:  
 
 
Name:
Matthew Prasse
Title:
Secrerary
 
 
ALLSPRING FUNDS MANAGEMENT, LLC
 
 
By:
 
 
 
Name:
Andrew Owen
Title:
President and CEO
 
 
 
 
Appendix A
ALLSPRING FUNDS TRUST
CLASS-LEVEL ADMINISTRATION AGREEMENT
Overview of Fee Structure
The Class-Level Administration Fees listed below are calculated on the total net assets of each Class.  
Fees for Funds Trust Multi-Class Funds
Multi-Class Non-Money Market/Non-Fixed Income Funds and Classes (Other than Asset Allocation Fund)
Class Level Admin. Fee
Class A, Class C, Class R
0.21%
Administrator Class
0.13%
Institutional Class
0.13%
Class R4
0.08%
Class R6
0.03%
Absolute Return Fund
Class Level Admin. Fee
Class A, Class C, Class R
0.21%
Administrator Class
0.13%
Institutional Class
0.13%
Class R6
0.03%
Asset Allocation Fund
Class Level Admin. Fee
Class A, Class C, Class R
0.21%
Administrator Class
0.13%
Institutional Class
0.13%
Multi-Class Fixed Income (Non-Money Market) Funds and
Classes
Class Level Admin. Fee
Class A2, Class A, Class C, Class R
0.16%
Administrator Class
0.10%
Institutional Class and Class R4
0.08%
Class R6
0.03%
Multi-Class Money Market Funds and Classes
Class Level Admin. Fee
Class A and Class C
0.22%
Administrator Class
0.10%
Institutional Class
0.08%
Premier Class
0.08%
Select Class
0.04%
Service Class
0.12%
Sweep Class
0.03%
 
Fees for Funds Trust Single Class Funds
 
Single Class Non-Money Market/Non-Fixed Income Funds
Class Level Admin. Fee
Retail Class
0.21%
Administrator Class
0.13%
Institutional Class
0.13%
Single Class Fixed Income (Non-Money Market) Funds
Class Level Admin. Fee
Retail Class
0.16%
Administrator Class
0.10%
Institutional Class
0.08%
Single Class Money Market Funds
Class Level Admin. Fee
Retail Class
0.22%
Service Class
0.12%
Institutional Class
0.08%
 
 
Approved as of December 6, 2021
Schedule A to Appendix A
Class-Level Administration Agreement
 
ALLSPRING FUNDS TRUST
List of Funds
 
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Absolute Return Fund
Class A
Class C
Class R
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Adjustable Rate Government Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.16%
0.16%
0.10%
0.08%
Allspring Alternative Risk Premia Fund
Class R6
Institutional Class
 
0.03%
0.13%
Allspring Asset Allocation Fund
Class A
Class C
Class R
Administrator Class
Institutional Class
 
0.21%
0.21%
0.21%
0.13%
0.13%
Allspring C&B Large Cap Value Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring C&B Mid Cap Value Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring California Limited-Term Tax-Free Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.16%
0.16%
0.10%
0.08%
 
Funds/Classes
Class-Level
Admin. Fee
Allspring California Tax-Free Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.16%
0.16%
0.10%
0.08%
Allspring Common Stock Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Conservative Income Fund
Class A2
Institutional Class
 
0.16%
0.08%
Allspring Core Bond Fund
Class A
Class C
Class R
Class R4
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.16%
0.08%
0.03%
0.10%
0.08%
Allspring Core Plus Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.03%
0.10%
0.08%
Allspring Disciplined Small Cap Fund
Class A
Class R6
Administrator Class
Institutional Class
 
0.21%
0.03%
0.13%
0.13%
Allspring Disciplined U.S. Core Fund
Class A
Class C
Class R
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Discovery All Cap Growth Fund
Class A
Class C
Class R
Administrator Class
Institutional Class
 
0.21%
0.21%
0.21%
0.13%
0.13%
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Discovery Large Cap Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Discovery Mid Cap Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Discovery Small Cap Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Discovery SMID Cap Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Diversified Capital Builder Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.21%
0.21%
0.13%
0.13%
Allspring Diversified Income Builder
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Dynamic Target Today Fund1
Class A
Class C
Class R4
Class R6
 
0.21%
0.21%
0.08%
0.03%
 
1 On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the addition of the Administrator Class to each Allspring Dynamic Target Date Fund, effective on or about August 26, 2022,
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Dynamic Target 2015 Fund1
Class A
Class C
Class R4
Class R6
 
0.21%
0.21%
0.08%
0.03%
Allspring Dynamic Target 2020 Fund1
Class A
Class C
Class R4
Class R6
 
0.21%
0.21%
0.08%
0.03%
Allspring Dynamic Target 2025 Fund1
Class A
Class C
Class R4
Class R6
 
0.21%
0.21%
0.08%
0.03%
Allspring Dynamic Target 2030 Fund1
Class A
Class C
Class R4
Class R6
 
0.21%
0.21%
0.08%
0.03%
Allspring Dynamic Target 2035 Fund1
Class A
Class C
Class R4
Class R6
 
0.21%
0.21%
0.08%
0.03%
Allspring Dynamic Target 2040 Fund1
Class A
Class C
Class R4
Class R6
 
0.21%
0.21%
0.08%
0.03%
Allspring Dynamic Target 2045 Fund1
Class A
Class C
Class R4
Class R6
 
0.21%
0.21%
0.08%
0.03%
Allspring Dynamic Target 2050 Fund1
Class A
Class C
Class R4
Class R6
 
0.21%
0.21%
0.08%
0.03%
Allspring Dynamic Target 2055 Fund1
Class A
Class C
Class R4
Class R6
 
0.21%
0.21%
0.08%
0.03%
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Dynamic Target 2060 Fund1
Class A
Class C
Class R4
Class R6
 
0.21%
0.21%
0.08%
0.03%
Allspring Dynamic Target 2065 Fund2
Class A
Class C
Administrator Class
Class R4
Class R6
 
0.21%
0.21%
0.13%
0.08%
0.03%
Allspring Emerging Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Emerging Markets Equity Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Emerging Markets Equity Income Fund
Class A
Class C
Class R
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Global Investment Grade Credit Fund
Class A
Class C
Class R6
Institutional Class
 
0.16%
0.16%
0.03%
0.08%
Allspring Government Money Market Fund
Class A
Administrator Class
Institutional Class
Select Class
Service Class
Sweep Class
 
0.22%
0.10%
0.08%
0.04%
0.12%
0.03%
 
2 On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the establishment and launch of the Allspring Dynamic Target 2065 Fund, effective on or about September 13, 2022.
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Government Securities Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.16%
0.16%
0.10%
0.08%
Allspring Growth Balanced Fund
Class A
Class C
Administrator Class
 
0.21%
0.21%
0.13%
Allspring Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Heritage Money Market Fund
Administrator Class
Institutional Class
Select Class
Service Class
 
0.10%
0.08%
0.04%
0.12%
Allspring High Yield Bond Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.16%
0.16%
0.10%
0.08%
Allspring High Yield Municipal Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.03%
0.10%
0.08%
Allspring Income Plus Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.16%
0.16%
0.10%
0.08%
Allspring Index Asset Allocation Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.21%
0.21%
0.13%
0.13%
Allspring Index Fund
Class A
Class C
Administrator Class
 
0.21%
0.21%
0.13%
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Intermediate Tax/AMT-Free Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.03%
0.10%
0.08%
Allspring International Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.03%
0.10%
0.08%
Allspring International Equity Fund
Class A
Class C
Class R
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Large Cap Core Fund
Class A
Class C
Class R
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Large Cap Growth Fund
Class A
Class C
Class R
Class R4
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.21%
0.08%
0.03%
0.13%
0.13%
Allspring Large Company Value Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Managed Account CoreBuilder Shares – Series CP
 
0.00%
Allspring Managed Account CoreBuilder Shares – Series M
 
0.00%
Allspring Managed Account CoreBuilder Shares – Series SM
 
0.00%
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Minnesota Tax-Free Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.16%
0.16%
0.10%
0.08%
Allspring Moderate Balanced Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.21%
0.21%
0.13%
0.13%
Allspring Money Market Fund
Class A
Class C
Premier Class
Service Class
 
0.22%
0.22%
0.08%
0.12%
Allspring Municipal Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.03%
0.10%
0.08%
Allspring Municipal Cash Management Money Market Fund
Administrator Class
Institutional Class
Service Class
 
 
0.10%
0.08%
0.12%
Allspring Municipal Sustainability Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.03%
0.10%
0.08%
Allspring National Tax-Free Money Market Fund
Class A
Administrator Class
Premier Class
Service Class
 
0.22%
0.10%
0.08%
0.12%
Allspring Opportunity Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Pennsylvania Tax-Free Fund
Class A
Class C
Institutional Class
 
0.16%
0.16%
0.08%
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Precious Metals Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.21%
0.21%
0.13%
0.13%
Allspring Premier Large Company Growth Fund
Class A
Class C
Class R4
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.08%
0.03%
0.13%
0.13%
Allspring Real Return Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.03%
0.10%
0.08%
Allspring Short Duration Government Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.03%
0.10%
0.08%
Allspring Short-Term Bond Plus Fund
Class A
Class C
Class R6
Institutional Class
 
0.16%
0.16%
0.03%
0.08%
Allspring Short-Term High Yield Bond Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.16%
0.16%
0.10%
0.08%
Allspring Short-Term Municipal Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.03%
0.10%
0.08%
Allspring Small Cap Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Small Company Growth Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Small Company Value Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Special Global Small Cap Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.21%
0.21%
0.13%
0.13%
Allspring Special International Small Cap Fund
Class A
Class C
Class R6
Institutional Class
 
0.21%
0.21%
0.03%
0.13%
Allspring Special Large Cap Value Fund
Class A
Class C
Class R
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Special Mid Cap Value Fund
Class A
Class C
Class R
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.21%
0.03%
0.13%
0.13%
Allspring Special Small Cap Value Fund
Class A
Class C
Class R
Class R6
Administrator Class
Institutional Class
 
0.21%
0.21%
0.21%
0.03%
0.13%
0.13%
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Specialized Technology Fund3
Class A
Class C
Administrator Class
Institutional Class
 
0.21%
0.21%
0.13%
0.13%
Allspring Spectrum Aggressive Growth Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.21%
0.21%
0.13%
0.13%
Allspring Spectrum Conservative Growth Fund
Class A
Class C
Institutional Class
 
0.21%
0.21%
0.13%
Allspring Spectrum Growth Fund
Class A
Class C
Institutional Class
 
0.21%
0.21%
0.13%
Allspring Spectrum Income Allocation Fund
Class A
Class C
Institutional Class
 
0.21%
0.21%
0.13%
Allspring Spectrum Moderate Growth Fund
Class A
Class C
Institutional Class
 
0.21%
0.21%
0.13%
Allspring Strategic Municipal Bond Fund
Class A
Class C
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.03%
0.10%
0.08%
Allspring Target Today Fund4
Class A
Class C
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.21%
0.08%
0.03%
0.13%
 
3  On June 29, 2022 the Board of Trustees of Allspring Funds Trust approved a name change to the Allspring Specialized Technology Fund to the Allspring Discovery Innovation Fund effective on or about September 6, 2022.
4  On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target Today Fund into the Allspring Dynamic Target Today Fund, effective on or about August 26, 2022.
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Target 2010 Fund5
Class A
Class C
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.21%
0.08%
0.03%
0.13%
Allspring Target 2015 Fund6
Class A
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.08%
0.03%
0.13%
Allspring Target 2020 Fund7
Class A
Class C
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.21%
0.08%
0.03%
0.13%
Allspring Target 2025 Fund8
Class A
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.08%
0.03%
0.13%
Allspring Target 2030 Fund9
Class A
Class C
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.21%
0.08%
0.03%
0.13%
 
9  On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target 2030 Fund into the Allspring Dynamic Target 2030 Fund, effective on or about August 26, 2022.
5  On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target 2010 Fund into the Allspring Dynamic Target Today Fund, effective on or about August 26, 2022.
6  On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target 2015 Fund into the Allspring Dynamic Target 2015 Fund, effective on or about August 26, 2022.
7  On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target 2020 Fund into the Allspring Dynamic Target 2020 Fund, effective on or about August 26, 2022.
8   On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target 2025 Fund into the Allspring Dynamic Target 2025 Fund, effective on or about August 26, 2022.
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Target 2035 Fund10
Class A
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.08%
0.03%
0.13%
Allspring Target 2040 Fund11
Class A
Class C
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.21%
0.08%
0.03%
0.13%
Allspring Target 2045 Fund12
Class A
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.08%
0.03%
0.13%
Allspring Target 2050 Fund13
Class A
Class C
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.21%
0.08%
0.03%
0.13%
Allspring Target 2055 Fund14
Class A
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.08%
0.03%
0.13%
 
10  On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target 2035 Fund into the Allspring Dynamic Target 2035 Fund, effective on or about August 26, 2022
11  On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target 2040 Fund into the Allspring Dynamic Target 2040 Fund, effective on or about August 26, 2022.
12 On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target 2045 Fund into the Allspring Dynamic Target 2045 Fund, effective on or about August 26, 2022.
13 On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target 2050 Fund into the Allspring Dynamic Target 2050 Fund, effective on or about August 26, 2022.
14 On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target 2055 Fund into the Allspring Dynamic Target 2055 Fund, effective on or about August 26, 2022. 
 
Funds/Classes
Class-Level
Admin. Fee
Allspring Target 2060 Fund15
Class A
Class C
Class R
Class R4
Class R6
Administrator Class
 
0.21%
0.21%
0.21%
0.08%
0.03%
0.13%
Allspring Treasury Plus Money Market Fund
Class A
Administrator Class
Institutional Class
Select Class
Service Class
 
0.22%
0.10%
0.08%
0.04%
0.12%
Allspring Ultra Short-Term Income Fund
Class A
Class A2
Class C
Administrator Class
Institutional Class
 
0.16%
0.16%
0.16%
0.10%
0.08%
Allspring Ultra Short-Term Municipal Income Fund
Class A
Class A2
Class C
Class R6
Administrator Class
Institutional Class
 
0.16%
0.16%
0.16%
0.03%
0.10%
0.08%
Allspring Utility and Telecommunications Fund
Class A
Class C
Administrator Class
Institutional Class
 
0.21%
0.21%
0.13%
0.13%
Allspring Wisconsin Tax-Free Fund
Class A
Class C
Institutional Class
 
0.16%
0.16%
0.08%
Allspring 100% Treasury Money Market Fund
Class A
Administrative Class
Institutional Class
Service Class
Sweep Class
 
0.22%
0.10%
0.08%
0.12%
0.03%
 
Schedule A Amended: June 29, 2022
 
 
[Signature page follows]
 
The foregoing fee schedule is agreed to as of June 29, 2022 and shall remain in effect until changed in writing by the parties.
 
ALLSPRING FUNDS TRUST
 
 
By:  _____________________________________
Name:
Matthew Prasse
Title:
Secretary
 
 
ALLSPRING FUNDS MANAGEMENT, LLC
 
 
By: ______________________________________
Name:
Andrew Owen
Title:
President and CEO
 
 
 
15 On May 24, 2022 the Board of Trustees of Allspring Funds Trust approved the reorganization of the Allspring Target 2060 Fund into the Allspring Dynamic Target 2060 Fund, effective on or about August 26, 2022.