# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001081400-25-000307
**Filing Date:** 2025-7
**Character Count:** 20090
**Document Hash:** 3bb8554bf14492083ed652a69a4120cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001081400-25-000307.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001081400-25-000307

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**EFFECTIVENESS DATE**: 20250725

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001081400

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-74295
- **FILM NUMBER:** 251150328

**BUSINESS ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203
- **BUSINESS PHONE:** 833-568-4225

**MAIL ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO FUNDS TRUST
- **DATE OF NAME CHANGE:** 19990308

## Series and Classes Contracts Data

### Allspring Index Fund (Series ID: S000007249)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000019879 | Administrator Class | WFIOX           |
| C000064960 | Class A             | WFILX           |
| C000089269 | Class C             | WFINX           |

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| | |
|:---|:---|
| .![](su12159img001.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summary Prospectus<br>August 1, 2025 |

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Allspring Index Fund<br>

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Class A: WFILX; Class C: WFINX; Administrator Class: WFIOX

*Before you invest, you may want to review the Fund's prospectus, which contains more information about the Fund and its risks. You can find the Fund's prospectus, reports to shareholders and other information about the Fund online at allspringglobal.com/reports. You can also get information at no cost by calling 1-800-222-8222, or by sending an email request to AllspringFundsShareholders@allspringglobal.com. The current prospectus ("Prospectus") and statement of additional information ("SAI"), dated August 1, 2025, as supplemented from time to time, are incorporated by reference into this summary prospectus. The Fund's SAI may be obtained, free of charge, in the same manner as the Prospectus.*

**Investment Objective**

The Fund seeks to replicate the total return of the S&P 500 Index, before fees and expenses.

**Fees and Expenses**

These tables are intended to help you understand the various costs and expenses you will pay if you buy, hold and sell shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the aggregate in specified classes of certain Allspring Funds. More information about these and other discounts is available from your financial professional and in "Share Class Features" and "Reductions and Waivers of Sales Charges" on pages 24 and 25 of the Prospectus and "Additional Purchase and Redemption Information" on page 86 of the Statement of Additional Information. Investors who purchase through certain intermediaries may be subject to different sales charge discounts than those outlined shares in these sections. Please see Appendix A on page 44 for further information.

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| | | | |
|:---|:---|:---|:---|
| **Shareholder Fees (fees paid directly from your investment)** | **Shareholder Fees (fees paid directly from your investment)** | **Shareholder Fees (fees paid directly from your investment)** | **Shareholder Fees (fees paid directly from your investment)** |
|  | **A** | **C** | **Administrator** |
| &nbsp;&nbsp; Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | 5.75% |  |  |
| &nbsp;&nbsp; Maximum deferred sales charge (load) (as a percentage of offering price) | None<sup>1</sup> | 1.00% |  |

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1. Investments of $1 million or more are not subject to a front-end sales charge but generally will be subject to a deferred sales charge of 1.00% if redeemed within 18 months from the date of purchase.

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| | | | |
|:---|:---|:---|:---|
| **Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)<sup>1</sup>** | **Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)<sup>1</sup>** | **Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)<sup>1</sup>** | **Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)<sup>1</sup>** |
|  | **A** | **C** | **Administrator** |
| &nbsp;&nbsp; Management Fees | 0.14% | 0.14% | 0.14% |
| &nbsp;&nbsp; Distribution (12b-1) Fees | 0.00% | 0.75% | 0.00% |
| &nbsp;&nbsp; Other Expenses | 0.49% | 0.49% | 0.27% |
| &nbsp;&nbsp; **Total Annual Fund Operating Expenses** | **0.63%** | **1.38%** | **0.41%** |
| &nbsp;&nbsp; Fee Waivers | (0.19)% | (0.19)% | (0.16)% |
| &nbsp;&nbsp; **Total Annual Fund Operating Expenses After Fee Waivers<sup>2</sup>** | **0.44%** | **1.19%** | **0.25%** |

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1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.

2. The Manager has contractually committed through July 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.44% for Class A, 1.19% for Class C and 0.25% for Administrator Class. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

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**Example of Expenses**

The example below is intended to help you compare the costs of investing in the Fund with the costs of investing in other funds. The example assumes a $10,000 initial investment, 5% annual total return, and that fees and expenses remain the same as in the tables above. To the extent that the Manager is waiving fees or reimbursing expenses, the example assumes that such waiver or reimbursement will only be in place through the date noted above. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Assuming you sold your shares, you would pay:** | **After 1 Year** | **After 3 Years** | **After 5 Years** | **After 10 Years** |
| &nbsp;&nbsp; Class A | $617 | $747 | $888 | $1299 |
| &nbsp;&nbsp; Class C | $221 | $418 | $737 | $1641 |
| &nbsp;&nbsp; Administrator Class | $26 | $115 | $214 | $502 |
| &nbsp;&nbsp; **Assuming you held your shares, you would pay:** | **After 1 Year** | **After 3 Years** | **After 5 Years** | **After 10 Years** |
| &nbsp;&nbsp; Class C | $121 | $418 | $737 | $1641 |

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**Portfolio Turnover**

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 3% of the average value of its portfolio.

**Principal Investment Strategies**

Under normal circumstances, we invest:

■ at least 80% of the Fund's net assets in a diversified portfolio of equity securities designed to replicate the holdings and weightings of the stocks comprising the S&P 500 Index.

We invest in substantially all of the common stocks comprising the S&P 500 Index and attempt to achieve at least a 95% correlation between the performance of the S&P 500 Index and the Fund's investment results, before fees and expenses. This correlation is sought regardless of market conditions. If we are unable to achieve this correlation, then we will closely monitor the performance and composition of the S&P 500 Index and adjust the Fund's securities holdings as necessary to seek the correlation. We may use futures contracts in order to equitize cash.

A precise duplication of the performance of the S&P 500 Index would mean that the net asset value ("NAV") of Fund shares, including dividends and capital gains, would increase or decrease in exact proportion to changes in the S&P 500 Index. Such a 100% correlation is not feasible. Our ability to track the performance of the S&P 500 Index may be affected by, among other things, transaction costs and shareholder purchases and redemptions. We continuously monitor the performance and composition of the S&P 500 Index and adjust the Fund's portfolio as necessary to reflect any changes to the S&P 500 Index and to maintain a 95% or better performance correlation before fees and expenses. The Fund may become non-diversified, as defined under the Investment Company Act of 1940, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the S&P 500 Index.

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**Principal Investment Risks**

An investment in the Fund may lose money, is not a deposit of a bank or its affiliates, is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, and is primarily subject to the risks briefly summarized below.

**Market Risk.** The values of, and/or the income generated by, securities held by the Fund may decline due to general market conditions or other factors, including those directly involving the issuers of such securities. Securities markets are volatile and may decline significantly in response to adverse issuer, regulatory, political, or economic developments. Different sectors of the market and different security types may react differently to such developments.

**Equity Securities Risk.** The values of equity securities may experience periods of substantial price volatility and may decline significantly over short time periods. In general, the values of equity securities are more volatile than those of debt securities. Equity securities fluctuate in value and price in response to factors specific to the issuer of the security, such as management performance, financial condition, and market demand for the issuer's products or services, as well as factors unrelated to the fundamental condition of the issuer, including general market, economic and political conditions. Different parts of a market, industry and sector may react differently to adverse issuer, market, regulatory, political, and economic developments.

**Derivatives Risk.** The use of derivatives, such as futures, options and swap agreements, can lead to losses, including those magnified by leverage, particularly when derivatives are used to enhance return rather than mitigate risk. Certain derivative instruments may be difficult to sell when the portfolio manager believes it would be appropriate to do so, or the other party to a derivative contract may be unwilling or unable to fulfill its contractual obligations.

**Futures Contracts Risk.** A Fund that uses futures contracts, which are a type of derivative, is subject to the risk of loss caused by unanticipated market movements. In addition, there may at times be an imperfect correlation between the movement in the prices of futures contracts and the value of their underlying instruments or indexes, and there may at times not be a liquid secondary market for certain futures contracts.

**Index Tracking Risk.** A Fund may not achieve exact correlation between the performance of the Fund and the index it tracks due to factors such as transaction costs, shareholder purchases and redemptions and the timing of changes in the composition of the index. The Fund may invest in only a representative sample of the securities that comprise the index and may hold securities not included in the index, subjecting the Fund to increased tracking risk. Maintaining investments in securities regardless of market conditions or the investment merits of the securities in seeking to replicate an index's composition or performance could cause the Fund's returns to be lower than if the Fund employed an active strategy.

**Management Risk.** Investment decisions, techniques, analyses or models implemented by a Fund's manager or sub-adviser in seeking to achieve the Fund's investment objective may not produce expected returns, may cause the Fund's shares to lose value or may cause the Fund to underperform other funds with similar investment objectives.

**Non-Diversification Risk.** To closely track the composition of the Fund's target index, more than 25% of the Fund's total assets may be invested in issuers representing more than 5% of the Fund's total assets. In that case, the Fund would be non-diversified under the Investment Company Act of 1940, although it would continue to hold approximately 500 stocks across a number of sectors. When the Fund is operating as non-diversified, the Fund's performance may be hurt disproportionately by the poor performance of relatively few stocks, or even a single stock, and the Fund's shares may experience more significant fluctuations in value than if the Fund was diversified.

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**Performance**

The following information provides some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. The Fund's average annual total returns are compared to the performance of one or more indices. Past performance before and after taxes is no guarantee of future results. Current month-end performance is available on the Fund's website at allspringglobal.com.

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| | | |
|:---|:---|:---|
| **Calendar Year Total Returns for Class A as of 12/31 each year**<br>**(Returns do not reflect sales charges and would be lower if they did)**  | **Calendar Year Total Returns for Class A as of 12/31 each year**<br>**(Returns do not reflect sales charges and would be lower if they did)**  | **Calendar Year Total Returns for Class A as of 12/31 each year**<br>**(Returns do not reflect sales charges and would be lower if they did)**  |
| .![](su12159img003.jpg)  | &nbsp;&nbsp;&nbsp; **Highest Quarter:** <br>June 30, 2020 | +20.34% |
| .![](su12159img003.jpg)  | &nbsp;&nbsp;&nbsp; **Lowest Quarter:** <br>March 31, 2020 | -19.85% |
| .![](su12159img003.jpg)  | &nbsp;&nbsp;&nbsp; Year-to-date total return as of June 30, 2025 is +5.99% |  |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Average Annual Total Returns for the periods ended 12/31/2024 (returns reflect applicable sales charges)** | **Average Annual Total Returns for the periods ended 12/31/2024 (returns reflect applicable sales charges)** | **Average Annual Total Returns for the periods ended 12/31/2024 (returns reflect applicable sales charges)** | **Average Annual Total Returns for the periods ended 12/31/2024 (returns reflect applicable sales charges)** | **Average Annual Total Returns for the periods ended 12/31/2024 (returns reflect applicable sales charges)** |
|  | **Inception Date of Share Class** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp; Class A (before taxes) | 11/4/1998 | 17.31% | 12.61% | 11.90% |
| &nbsp;&nbsp; Class A (after taxes on distributions) | 11/4/1998 | 14.96% | 10.10% | 8.37% |
| &nbsp;&nbsp; Class A (after taxes on distributions and the sale of Fund Shares) | 11/4/1998 | 11.71% | 9.55% | 8.56% |
| &nbsp;&nbsp; Class C (before taxes) | 4/30/1999 | 22.51% | 13.13% | 11.90% |
| &nbsp;&nbsp; Administrator Class (before taxes) | 2/14/1985 | 24.69% | 14.17% | 12.79% |
| &nbsp;&nbsp; S&P 500 Index (reflects no deduction for fees, expenses, or taxes) |  | 25.02% | 14.53% | 13.10% |

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After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state, local or foreign taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to tax-exempt investors or investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) Plans or Individual Retirement Accounts. After-tax returns are shown for only one class of shares. After-tax returns for any other class will vary.

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**Fund Management**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **Manager** | &nbsp;&nbsp; **Sub-Adviser** | &nbsp;&nbsp; **Portfolio Manager, Title/Managed Since** |
| &nbsp;&nbsp; Allspring Funds Management, LLC | &nbsp;&nbsp; Allspring Global Investments, LLC | &nbsp;&nbsp; **John R. Campbell, CFA**, Portfolio Manager / 2013<br>**David Neal, CFA**, Portfolio Manager / 2013<br>**Robert M. Wicentowski, CFA**, Portfolio Manager / 2017 |

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**Purchase and Sale of Fund Shares**

In general, you can buy or sell shares of the Fund online or by mail, phone or wire on any day the New York Stock Exchange is open for regular trading. You also may buy and sell shares through a financial professional, or if applicable, your retirement plan sponsor.

Eligibility requirements may vary by class; please see "Share Class Eligibility" in the Prospectus for more information.

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; **Minimum Investments** | &nbsp;&nbsp; **Additional Investments** |
| &nbsp;&nbsp; <u>Class A and Class C</u> | &nbsp;&nbsp; Regular Accounts: $1,000<br>IRAs, IRA Rollovers, Roth IRAs: $250<br>UGMA/UTMA Accounts: $50<br>Employer Sponsored Retirement Plans: No Minimum | &nbsp;&nbsp; Regular Accounts, IRAs, IRA Rollovers, Roth IRAs: $100<br>UGMA/UTMA Accounts: $50<br>Employer Sponsored Retirement Plans: No Minimum |
| &nbsp;&nbsp; <u>Administrator Class</u> | &nbsp;&nbsp; $1 million (this amount may be reduced or eliminated for certain eligible investors) |  |
| &nbsp;&nbsp; <u>**To Buy or Sell Shares**</u> |  |  |
| &nbsp;&nbsp; Class A, Class C and Administrator Class | &nbsp;&nbsp; **Mail:** Allspring Funds<br>P.O. Box 219967<br>Kansas City, MO 64121-9967<br>**Online:** allspringglobal.com<br>**Phone or Wire:** 1-800-222-8222 | &nbsp;&nbsp; **Mail:** Allspring Funds<br>P.O. Box 219967<br>Kansas City, MO 64121-9967<br>**Online:** allspringglobal.com<br>**Phone or Wire:** 1-800-222-8222 |

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**Tax Information**

Any distributions you receive from the Fund may be taxable as ordinary income or capital gains, except when your investment is in an IRA, 401(k) or other tax-advantaged investment plan. However, subsequent withdrawals from such a tax-advantaged investment plan may be subject to federal income tax. You should consult your tax adviser about your specific tax situation.

**Payments to Intermediaries**

If you purchase a Fund through an intermediary, the Fund and its related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the intermediary and your financial professional to recommend the Fund over another investment. Consult your financial professional or visit your intermediary's website for more information.

<u>*Link to Prospectus*</u> <u>*Link to SAI*</u>

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| .![](su12159img002.jpg) |©2025 Allspring Global Investments Holdings, LLC. All rights reserved.<br>SUM3329 08-25 |

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