Allspring Utility and Telecommunications Fund – Administrator Class 

This fund aims to deliver a comprehensive return, combining both income generation and growth in capital value. It primarily allocates a minimum of 80% of its net assets to common, preferred, and convertible preferred shares issued by companies within the utility and telecommunications sectors. A smaller portion, up to 20% of net assets, can be allocated to income-generating equities from sectors other than utilities and telecommunications. Global exposure is permitted, with investments of up to 25% of total assets in foreign company stocks, including American Depositary Receipts (ADRs) and similar instruments. A subset of this, up to 10% of total assets, may be directed toward equity markets in developing economies. The fund is categorized as non-diversified.