Allspring Short-Term Bond Plus Fund - Class C is an actively managed open-end mutual fund in the taxable fixed income category. Its primary objective is to deliver current income by investing mainly in a diversified mix of short-duration bonds with an average maturity under three years, balancing interest rate sensitivity with income generation. The strategy targets a duration of roughly one to two years and seeks to outperform the Bloomberg U.S. 1–3 Year Government/Credit Bond Index through allocations to spread sectors, including corporate bonds, asset-backed securities, and residential and commercial mortgage-backed securities. The portfolio may include both investment-grade and below-investment-grade issues, broadening the opportunity set across credit cycles. Managed by Allspring Funds Management with sub-advisory by Allspring Global Investments, the fund distributes income monthly and has a long track record dating back to 1987 at the fund level, with the Class C share class launched in 2008. It serves investors seeking short-term fixed income exposure with diversified sector allocation and professional credit selection within a conservative duration profile.
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