Allspring Short-Term High Income Fund
ALLSPRING FUNDS TRUST · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2025 Q4
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.
| Share class | Gross | Net |
|---|---|---|
| SSTHX | 0.90% | 0.82% |
| WFHYX | 1.65% | 1.57% |
| STYIX | 0.58% | 0.51% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 40.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 43.9% |
| International | 12.6% |
| Financials | 10.0% |
| Consumer Discretionary | 9.6% |
| 11 smaller | 24.0% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: CHARLES SCHWAB CORP, GOODYEAR TIRE & RUBBER, ENCORE CAPITAL GROUP INC, JEFFERSON CAPITAL HOLDIN, VICTORIA'S SECRET & CO, GGAM FINANCE LTD, PERRIGO FINANCE UNLIMITE, FAIR ISAAC CORP
Largest exited: HARVEST MIDSTREAM I LP, VISTRA OPERATIONS CO LLC, NEXSTAR MEDIA INC, BRISTOW GROUP INC, CHEMOURS CO, NISSAN MOTOR ACCEPTANCE, SM ENERGY CO, ENCORE CAPITAL GROUP INC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +7.01% | +20.29% | +25.50% | 1.02% | -0.70% | |
| +6.48% | +17.92% | +22.41% | 1.03% | -0.95% | |
| — | — | — | — | — | |
| +7.33% | +21.40% | +26.94% | 1.01% | -0.64% |
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | ALLSPRING GOVERNMENT MONEY MAR | 2.90% | $72.52M | — |
| — | DISCOVERY HOLDINGS INC4.05% · due 2029-03-15 | 1.55% | $38.79M | — |
| — | VENTURE GLOBAL LNG INC8.13% · due 2028-06-01 | 1.45% | $36.22M | — |
| — | The GEO GROUP INC8.63% · due 2029-04-15 | 1.43% | $35.66M | — |
| — | CLOUD SOFTWARE GRP INC6.50% · due 2029-03-31 | 1.27% | $31.79M | — |
| — | ROYAL CARIBBEAN CRUISES5.38% · due 2027-07-15 | 1.24% | $31.02M | — |
| — | ONEMAIN FINANCE CORP5.38% · due 2029-11-15 | 1.24% | $31.00M | — |
| — | SS&C TECHNOLOGIES INC5.50% · due 2027-09-30 | 1.21% | $30.08M | — |
| — | CHURCHILL DOWNS INC5.50% · due 2027-04-01 | 1.18% | $29.53M | — |
| — | KINETIK HOLDINGS LP6.63% · due 2028-12-15 | 1.18% | $29.47M | — |
Top 10 positions are 14.67% of net assets, top 25 29.85%, across 166 issuers.
See more of this fund's book
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