Allspring Real Return Fund - Class A NMFQS:IPBAX

The fund normally invests up to 70% of the fund’s total assets in debt securities; up to 70% of the fund’s total assets in equity securities; and up to 25% of the fund’s net assets in commodities. The fund is a feeder fund that invests substantially all of its assets in the Real Return Portfolio, a master portfolio with a substantially identical investment objective and substantially similar investment strategies.