Allspring Short-Term High Income Fund
Actively managed U.S. bond fund
The Fund seeks total return, consisting of a high level of current income and capital appreciation.
The fund invests at least 80% of assets in below-investment-grade corporate debt securities rated BB through CCC or equivalent, selected through bottom-up fundamental credit analysis for income and capital appreciation, with a dollar-weighted average effective maturity of three years or less. The fund may also hold up to 25% in foreign-currency debt and use credit default swaps and futures to manage exposure. Because security selection depends on the manager's credit analysis and outlook assessments, performance will diverge from any benchmark based on changes in those judgments or shifts in portfolio strategy.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
ALLSPRING GOVERNMENT MONEY MAR | 2.90% | $72.52M | — |
DISCOVERY HOLDINGS INC 4.05% · due 2029-03-15 | 1.55% | $38.79M | — |
VENTURE GLOBAL LNG INC 8.13% · due 2028-06-01 | 1.45% | $36.22M | — |
The GEO GROUP INC 8.63% · due 2029-04-15 | 1.43% | $35.66M | — |
CLOUD SOFTWARE GRP INC 6.50% · due 2029-03-31 | 1.27% | $31.79M | — |
ROYAL CARIBBEAN CRUISES 5.38% · due 2027-07-15 | 1.24% | $31.02M | — |
ONEMAIN FINANCE CORP 5.38% · due 2029-11-15 | 1.24% | $31.00M | — |
SS&C TECHNOLOGIES INC 5.50% · due 2027-09-30 | 1.21% | $30.08M | — |
CHURCHILL DOWNS INC 5.50% · due 2027-04-01 | 1.18% | $29.53M | — |
KINETIK HOLDINGS LP 6.63% · due 2028-12-15 | 1.18% | $29.47M | — |
All 194 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 91.57% |
| Cash & short-term | 3.08% |
| Loans | 2.88% |
| Securitized | 1.73% |
| 2 smaller | 0.02% |
Look-through blends 2 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Other
- 44.8%
- International
- 12.6%
- Consumer Discretionary
- 9.6%
- Financials
- 9.1%
- 11 other sectors
- 24.0%
- Other
- 44.8%
- International
- 12.6%
- Consumer Discretionary
- 9.6%
- Financials
- 9.1%
- Industrials
- 5.0%
- Information Technology
- 3.3%
- Energy
- 3.2%
- Cash
- 2.9%
- Materials
- 1.9%
- Securitized
- 1.7%
- Consumer Staples
- 1.7%
- Communication Services
- 1.6%
- Health Care
- 1.3%
- Utilities
- 0.8%
- Real Estate
- 0.5%
How it has done
SSTHX share class · total returns with dividends reinvested
Volatility over the last 12 months: 0.91%. Past returns are a record, not a forecast.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.82% | +6.58% | +21.36% | +26.22% | -0.70% | |
| 1.57% | +5.78% | +18.82% | +22.88% | -0.95% | |
| — | — | — | — | — | |
| 0.51% | +6.90% | +22.47% | +27.69% | -0.64% |
Fees & fund details
Allspring Short-Term High Income Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- High yield
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.51% – 1.57%
- Portfolio turnover
- 40.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
19 new· the largest 8
23 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 95.1% |
| Floating rate | 4.6% |
| Zero-coupon or unclassified | 0.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 15.0% |
| 1-3y | 51.6% |
| 3-5y | 27.9% |
| 5-10y | 3.6% |
| 10y+ | 1.9% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 52% |
| Credit spreads | 48% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +1.16 yr |
| Investment grade | +0.10 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.03 yr | 3% |
| 1 yr | 1.02 yr | 75% |
| 5 yr | 0.29 yr | 22% |
| 30 yr | 0.00 yr | 0% |
10 yr is NEGATIVE (-0.01 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.09 yr | 7% |
| 1 yr | 0.74 yr | 58% |
| 5 yr | 0.43 yr | 34% |
| 10 yr | 0.01 yr | 1% |
| 30 yr | 0.00 yr | 0% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.03 | +0.01 | +0.08 | $2.3k | $20.4k |
| 1 yr | +1.02 | +0.07 | +0.67 | $16.9k | $166.9k |
| 5 yr | +0.29 | +0.02 | +0.40 | $5.7k | $100.8k |
| 10 yr | -0.01 | +0.00 | +0.01 | $0 | $1.8k |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $13 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — AHIC, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”