Allspring Asset Allocation Fund fond

The fund is a fund-of-funds that invests in various affiliated mutual funds and exchange-traded funds (“underlying funds”) employing a multi-asset, multi-style investment approach designed to reduce the price and return volatility of the fund and to provide more consistent returns. It may invest in Allspring Master Portfolios, in other Allspring Funds, or directly in securities. The fund invests at least 55% and up to 75% of its assets in stock funds and at least 25% and up to 45% of its assets in bond funds.