Allspring Short-Term Bond Plus Fund – Class Institutional is an actively managed mutual fund in the taxable fixed income category focused on generating current income while emphasizing capital preservation. The strategy centers on a diversified mix of investment-grade bonds with an average maturity of less than three years and a duration target of roughly one to two years, aiming to modestly exceed the Bloomberg U.S. 1–3 Year Government/Credit Bond Index through exposure to spread sectors. The portfolio typically includes short-term corporate bonds, residential and commercial mortgage-backed securities, and asset-backed securities, complemented by U.S. government and agency holdings. The fund normally invests at least 80% of assets in debt securities and may allocate a portion to foreign issuers within its risk-managed framework. Managed by Allspring, it offers monthly distributions and a long operating history dating back to the late 1980s for the overall fund and 1999 for the institutional share class, serving investors seeking a short-duration core bond sleeve that balances income generation with limited interest-rate sensitivity.
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