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Allspring Pioneers ETF Share Classes in Asset Management Innovation

In a significant advancement in the world of asset management, Allspring Global Investments has launched ETF share classes for three of its existing mutual funds, making it one of the pioneering firms to introduce this innovative product for investors. With more than $603 billion in assets under advisement, Allspring aims to transform how individuals and institutions access investment capabilities, marrying the advantages of established mutual funds with the flexibility of ETFs.

The New ETF Share Classes

On October 21, 2026, Allspring unveiled three ETF share classes that began trading immediately. These offerings include:
1. Allspring Short-Term High Income Fund–ETF Class (NASDAQ: AHIC): This fund aims to provide current income by primarily investing in a well-diversified portfolio of non-investment-grade corporate debt securities with an effective maturity averaging three years or less.
2. Allspring Strategic Municipal Bond Fund–ETF Class (NASDAQ: ASTM): Targeting tax-free income, this fund focuses on a diverse portfolio of municipal securities.
3. Allspring High Yield Municipal Bond Fund–ETF Class (NASDAQ: AHYM): Designed for high current income and capital appreciation, this fund invests in a mix of municipal securities, most rated triple-B or lower.

Rick Genoni, Allspring's global head of Product, emphasizes the monumental shift the ETF share class structure represents for investors. By eliminating the need to choose between the benefits of a well-established mutual fund and the attractive features of an ETF, Allspring is confident that investors will find a powerful and efficient investment vehicle.

Benefits for Investors

The introduction of ETF share classes brings a host of benefits:

• - Enhanced Access: Investors can leverage established investment strategies backed by experienced portfolio management teams and robust track records.
• - Tax Efficiency: The ETF structure is designed to help manage capital gains at the portfolio level, thus benefitting mutual fund shareholders with improved tax efficiency.
• - Daily Transparency: Investors enjoy daily portfolio transparency and the ability to select their investment vehicle while still accessing the same underlying strategy and expertise.

Allspring is dedicated to educating both advisors and investors about ETFs. The firm provides comprehensive resources, including primers on ETF share classes, to help users navigate this new offering. The three newly launched ETF classes complement eight previously established actively managed ETFs, collectively managing assets of approximately $1.4 billion.

Future Expansions

Looking ahead, Allspring has plans for further expansion in ETF offerings. Later this year, they anticipate launching:

• - Allspring Large Cap Core Fund–ETF Class
• - Allspring Premier Large Company Growth Fund–ETF Class

These new additions will broaden the scope of Allspring's investment opportunities available to both individual and institutional investors.

About Allspring

Founded as an independent asset management firm, Allspring Global Investments operates over 18 global offices, staffed by approximately 370 investment professionals. With a firm commitment to impactful investing and thoughtful financial planning, Allspring seeks to inspire a new era of investing that balances financial returns with positive societal outcomes. For detailed information regarding Allspring's offerings and future updates, interested parties can visit Allspring Active ETFs | Allspring Global Investments.

Investors are encouraged to review the ETF share classes' prospectus thoroughly, as it contains crucial details regarding investment risks, charges, and expenses. Allspring's decision to introduce these products underscores its proactive approach within the rapidly evolving investment landscape, aiming to enhance investor accessibility and financial outcomes.

In conclusion, Allspring's foray into the ETF space signifies an important milestone in asset management, setting a precedent for other firms to explore similar innovations. This strategic development not only enhances the investment experience for current shareholders but also attracts potential investors seeking modern and efficient financial tools.