EX-99.H OTH MAT CONT 13 shareholderplan.htm OTHER MATERIAL CONTRACTS
ALLSPRING FUNDS TRUST
SHAREHOLDER SERVICING PLAN
 
WHEREAS, Allspring Funds Trust (the “Trust”) is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”); and
 
WHEREAS, the Trust desires to adopt a shareholder servicing plan (the “Plan”) on behalf of the class or classes of shares (each a “Class” and, collectively, the “Classes”) of the series of the Trust (each a “Fund” and, collectively, the “Funds”) listed in Appendix A, as it may be amended from time to time, and the Trust’s Board of Trustees (the “Board”), including a majority of the Qualified Trustees (as defined below), has determined that there is a reasonable likelihood that adoption of the Plan will benefit each Class and its shareholders;
 
NOW THEREFORE, each Fund hereby adopts the Plan on behalf of each Class on the following terms and conditions:
 
Section 1.
The Trust, on behalf of each Class, may execute and deliver written agreements based substantially on the form attached hereto as Appendix B or on any other form duly approved by the Board (the “Servicing Agreement”) with the Trust’s distributor, administrator and adviser, or any of their affiliates (the “Servicing Agents”) to provide or engage other entities to provide certain shareholder services as set forth in Schedule II of the Servicing Agreement (the “Services”) to beneficial owners of the Fund’s shares (the “Clients”).  The Servicing Agents may execute and deliver written, third-party agreements with banks, investment advisers, and other financial institutions, that are holders of record or have a servicing relationship with Clients (the “Intermediaries”), based substantially on the form duly approved by the Board, attached hereto as Appendix C, (the “Administrative and Shareholder Services Agreement”) to provide the Services to their Clients or otherwise meeting the standards set forth in the Servicing Agreement.  A Servicing Agent may execute and deliver written, third-party agreements with broker-dealers that are holders of record or have a servicing relationship with Clients, based substantially on the form duly approved by the Board under the Distribution Plan.  Pursuant to the Servicing Agreement, the Servicing Agents shall provide the Services in consideration of a fee payable from the assets of each Class, computed monthly in the manner set forth in the respective Fund’s then current prospectus, at the annual rates set forth in Appendix A.  All of the expenses incurred by a Class in connection with a Servicing Agreement and the implementation of the Plan shall be borne entirely by the shareholders of that Class.  The Servicing Agents shall monitor the arrangements pertaining to the Administrative and Shareholder Services Agreement.
 
Section 2.
The Plan shall be effective with respect to each Class: (a) on the date upon which the Plan is approved for such Class by vote of a majority of the trustees of the Trust (the “Trustees”), including a majority of the Qualified Trustees, cast in person at a meeting called for the purpose of voting on the approval of the Plan for such Class; or (b) on the date the Class commences operations, if such date is later.
 
 
 
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Section 3.
Unless earlier terminated, the Plan shall continue in effect for a period of one year from its effective date and shall continue thereafter for successive annual periods, provided that such Plan is reapproved at least annually, with respect to a Class by vote of a majority of the Trustees of the Trust, including a majority of the Qualified Trustees, cast in person at a meeting called for the purpose of voting on such reapproval.
 
Section 4.
So long as the Plan is in effect, the Trust shall provide, or shall cause the Trust’s administrator to provide, to the Board, and the Trustees shall review, at least quarterly, a written report of the amounts expended pursuant to the Plan and the purposes for which such expenditures were made.
 
Section 5.
The Plan may be amended at any time with respect to a Class by the Trustees, provided that any material amendment of the terms of the Plan (including a material increase of the fee payable hereunder) shall become effective only upon the approvals set forth in Section 3.
 
Section 6.
The Plan may be terminated with respect to any Class at any time by vote of a majority of the Qualified Trustees.
 
Section 7.
While the Plan is in effect, the selection and nomination of Trustees who are not interested persons of the Trust shall be committed to the discretion of the Trustees who are not interested persons of the Trust.
 
Section 8.
Notwithstanding anything herein to the contrary, no Fund or Class shall be obligated to make any payments under the Plan that exceed the maximum amounts payable under Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc.
 
Section 9.
The Trust shall preserve copies of the Plan, each Servicing Agreement, and each written report presented to the Board pursuant to Section 1 hereof, for a period of not less than six years from the date of the Plan, Servicing Agreement or report, as the case may be, the first two years in an easily accessible place.
 
Section 10.
The provisions of the Plan are severable for each Class, and whenever any action is to be taken with respect to the Plan, such action shall be taken separately for each such affected Class.
 
Section 11.
As used in the Plan, (a) the term “interested person” shall have the meaning given it in the 1940 Act and the rules and regulations thereunder, subject to such exemption or interpretation as may be provided by the Securities and Exchange Commission or the staff thereof, and (b) the term “Qualified Trustees” shall mean the Trustees who (i) are not “interested persons” of the Trust and (ii) have no direct or indirect financial interest in the operation of the Plan or in any Servicing Agreement.
 
Section 12.  Any question of interpretation of any term or provision of this Agreement having a counterpart in or otherwise derived from a term or provision of the 1940 Act shall be
 
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resolved by reference to such terms or provision of the 1940 Act and to interpretations thereof, if any, by the United States Courts or in the absence of any controlling decision of any such court, by rules, regulations or orders of the Commission, interpretations of the Commission or its staff, or Commission staff no-action letters, issued pursuant to the 1940 Act.  In addition, where the effect of a requirement of the 1940 Act reflected in any provision of this Agreement is revised by rule, regulation or order of the Commission, such provision shall be deemed to incorporate the effect of such rule, regulation or order.  The duties and obligations of the parties under this Agreement shall be governed by and construed in accordance with the laws of the State of Delaware to the extent that state law is not preempted by the provisions of any law of the United States heretofore or hereafter enacted.
 
 
Amended: December 16, 2021
 
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APPENDIX A
 
SHAREHOLDER SERVICING PLAN
ALLSPRING FUNDS TRUST
 
Funds Trust
Funds and Share Classes
Maximum Shareholder Servicing Fee
Absolute Return Fund
Class A
Class C
Class R
Administrator Class

0.25
0.25
0.25
0.25
Adjustable Rate Government Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Asset Allocation Fund
Class A
Class C
Class R
Administrator Class

0.25
0.25
0.25
0.25
C&B Large Cap Value Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
C&B Mid Cap Value Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
California Limited-Term Tax-Free Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
California Tax-Free Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Common Stock Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Conservative Income Fund
Class A2
 
0.15
Core Bond Fund
Class A
Class C
Class R
Class R4
Administrator Class
 
0.25
0.25
0.25
0.10
0.25
 
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Funds Trust
Funds and Share Classes
Maximum Shareholder Servicing Fee
Core Plus Bond Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Disciplined Small Cap Fund
Class A
Administrator Class
 
0.25
0.25
Disciplined U.S. Core Fund
Class A
Class C
Class R
Administrator Class
 
0.25
0.25
0.25
0.25
Discovery All Cap Growth Fund
Class A            
Class C
Class R
Administrator Class

0.25
0.25
0.25
0.25
Discovery Large Cap Growth Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Discovery Mid Cap Growth Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Discovery Small Cap Growth Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Discovery SMID Cap Growth Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Diversified Capital Builder Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Diversified Income Builder Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
 
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Funds Trust
Funds and Share Classes
Maximum Shareholder Servicing Fee
Dynamic Target Today Fund1
Class A
Class C
Class R4
 
0.25
0.25
0.10
Dynamic Target 2015 Fund1
Class A
Class C
Class R4
 
0.25
0.25
0.10
Dynamic Target 2020 Fund1
Class A
Class C
Class R4
 
0.25
0.25
0.10
Dynamic Target 2025 Fund1
Class A
Class C
Class R4
 
0.25
0.25
0.10
Dynamic Target 2030 Fund1
Class A
Class C
Class R4
 
0.25
0.25
0.10
Dynamic Target 2035 Fund1
Class A
Class C
Class R4
 
0.25
0.25
0.10
Dynamic Target 2040 Fund1
Class A
Class C
Class R4
 
0.25
0.25
0.10
Dynamic Target 2045 Fund1
Class A
Class C
Class R4
 
0.25
0.25
0.10
Dynamic Target 2050 Fund1
Class A
Class C
Class R4
 
0.25
0.25
0.10
Dynamic Target 2055 Fund1
Class A
Class C
Class R4
 
0.25
0.25
0.10
Dynamic Target 2060 Fund1
Class A
Class C
Class R4
 
0.25
0.25
0.10
 
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,
 
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Funds Trust
Funds and Share Classes
Maximum Shareholder Servicing Fee
Dynamic Target 2065 Fund2
Class A
Class C
Class R4
Administrator Class
 
0.25
0.25
0.10
0.25
Emerging Growth Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Emerging Markets Equity Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Emerging Markets Equity Income Fund
Class A
Class C
Class R
Administrator Class
 
0.25
0.25
0.25
0.25
Global Investment Grade Credit Fund
Class A
Class C
 
0.25
0.25
Government Money Market Fund
Class A
Administrator Class
Service Class
Sweep Class
 
0.25
0.10
0.25
0.25
Government Securities Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Growth Balanced Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Growth Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Heritage Money Market Fund
Administrator Class
Service Class
 
0.10
0.25
 
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.
 
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Funds Trust
Funds and Share Classes
Maximum Shareholder Servicing Fee
High Yield Bond Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
High Yield Municipal Bond Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Income Plus Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Index Asset Allocation Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Index Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.10
Intermediate Tax/AMT-Free Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
International Bond Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
International Equity Fund
Class A
Class C
Class R
Administrator Class

0.25
0.25
0.25
0.25
Large Cap Core Fund
Class A
Class C
Class R
Administrator Class
 
0.25
0.25
0.25
0.25
Large Cap Growth Fund
Class A
Class C
Class R
Class R4
Administrator Class
 
0.25
0.25
0.25
0.10
0.25
 
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Funds Trust
Funds and Share Classes
Maximum Shareholder Servicing Fee
Large Company Value Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Minnesota Tax-Free Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Moderate Balanced Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Money Market Fund
Class A
Class C
Service Class

0.25
0.25
0.25
Municipal Bond Fund
Class A            
Class C
Administrator Class

0.25
0.25
0.25
Municipal Cash Management Money Market Fund
Administrator Class
Service Class
 
0.10
0.25
Municipal Sustainability Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
National Tax-Free Money Market Fund
Class A
Administrator Class
Service Class
 
0.25
0.10
0.25
Opportunity Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Pennsylvania Tax-Free Fund
Class A            
Class C

0.25
0.25
Precious Metals Fund
Class A            
Class C
Administrator Class

0.25
0.25
0.25
Premier Large Company Growth Fund
Class A            
Class C
Class R4
Administrator Class

0.25
0.25
0.10
0.25
 
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Funds Trust
Funds and Share Classes
Maximum Shareholder Servicing Fee
Real Return Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Short Duration Government Bond Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Short-Term Bond Plus Fund
Class A
Class C

0.25
0.25
Short-Term High Yield Bond Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Short-Term Municipal Bond Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Small Cap Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Small Company Growth Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Small Company Value Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Special Global Small Cap Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Special International Small Cap Fund
Class A
Class C
 
0.25
0.25
Special Large Cap Value Fund
Class A
Class C
Class R
Administrator Class

0.25
0.25
0.25
0.25
 
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Funds Trust
Funds and Share Classes
Maximum Shareholder Servicing Fee
Special Mid Cap Value Fund
Class A
Class C
Class R
Administrator Class

0.25
0.25
0.25
0.25
Special Small Cap Value Fund
Class A
Class C
Class R
Administrator Class
 
0.25
0.25
0.25
0.25
Specialized Technology Fund3
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Spectrum Aggressive Growth Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Spectrum Conservative Growth Fund
Class A
Class C
 
0.25
0.25
Spectrum Growth Fund
Class A
Class C
 
0.25
0.25
Spectrum Income Allocation Fund
Class A
Class C
 
0.25
0.25
Spectrum Moderate Growth Fund
Class A
Class C
 
0.25
0.25
Strategic Municipal Bond Fund
Class A
Class C
Administrator Class
 
0.25
0.25
0.25
Target Today Fund4
Class A
Class C
Class R
Class R4
Administrator Class
 
0.25
0.25
0.25
0.10
0.25
 
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.
 
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Funds Trust
Funds and Share Classes
Maximum Shareholder Servicing Fee
Target 2010 Fund5
Class A
Class C
Class R
Class R4
Administrator Class
 
0.25
0.25
0.25
0.10
0.25
Target 2015 Fund6
Class A
Class R
Class R4
Administrator Class
 
0.25
0.25
0.10
0.25
Target 2020 Fund7
Class A
Class C
Class R
Class R4
Administrator Class
 
0.25
0.25
0.25
0.10
0.25
Target 2025 Fund8
Class A
Class R
Class R4
Administrator Class
 
0.25
0.25
0.10
0.25
Target 2030 Fund9
Class A
Class C
Class R
Class R4
Administrator Class
 
0.25
0.25
0.25
0.10
0.25
Target 2035 Fund10
Class A
Class R
Class R4
Administrator Class
 
0.25
0.25
0.10
0.25
 
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
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.
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.
 
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Funds Trust
Funds and Share Classes
Maximum Shareholder Servicing Fee
Target 2040 Fund11
Class A
Class C
Class R
Class R4
Administrator Class
 
0.25
0.25
0.25
0.10
0.25
Target 2045 Fund12
Class A
Class R
Class R4
Administrator Class
 
0.25
0.25
0.10
0.25
Target 2050 Fund13
Class A
Class C
Class R
Class R4
Administrator Class
 
0.25
0.25
0.25
0.10
0.25
Target 2055 Fund14
Class A
Class R
Class R4
Administrator Class
 
0.25
0.25
0.10
0.25
Target 2060 Fund15
Class A
Class C
Class R
Class R4
Administrator Class
 
0.25
0.25
0.25
0.10
0.25
Treasury Plus Money Market Fund
Class A
Administrator Class
Service Class
 
0.25
0.10
0.25
Ultra Short-Term Income Fund
Class A
Class A2
Class C
Administrator Class

0.25
0.15
0.25
0.25
 
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. 
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.
 
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Funds Trust
Funds and Share Classes
Maximum Shareholder Servicing Fee
Ultra Short-Term Municipal Income Fund
Class A
Class A2
Class C
Administrator Class

0.25
0.15
0.25
0.25
Utility & Telecommunications Fund
Class A
Class C
Administrator Class

0.25
0.25
0.25
Wisconsin Tax-Free Fund
Class A
Class C

0.25
0.25
100% Treasury Money Market Fund
Class A
Administrator Class
Service Class
Sweep Class
 
0.25
0.10
0.25
0.25
 
Fees payable to a Servicing Agent are expressed as a percentage of the average daily net asset value of the shares of the specified class of the particular Fund beneficially owned by or attributable to clients of the Servicing Agent.
 
 
Appendix A amended: June 29, 2022
 
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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:
Matthew Prasse
Secretary
ALLSPRING FUNDS MANAGEMENT, LLC
 
 
By:
Andrew Owen
President
 
 
 
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