{"success":true,"data":{"pressRelease":{"id":"175559","rtpr_id":"nPn1zvkzDa-20261021","ticker":"AFIX","exchange":"NYSE Arca","all_tickers":["AFIX","AGRW","AHIC","AHYM","AINP","ALRG","APLU","ASCE","ASLV","ASTM","AUSM"],"title":"ALLSPRING AMONG FIRST ASSET MANAGERS TO INTRODUCE ETF SHARE CLASSES","author":"PR Newswire","published_at":"2026-10-21T12:30:02.449Z","article_body":"ALLSPRING AMONG FIRST ASSET MANAGERS TO INTRODUCE ETF SHARE CLASSES\nPR Newswire\n\nCHARLOTTE, N.C., Oct. 21, 2026\n\nThree Fixed Income ETF Share Classes Start Trading Today\n\nCHARLOTTE, N.C., Oct. 21, 2026 /PRNewswire/ -- Allspring Global Investments™\n(Allspring), a global asset management firm with more than $603 billion in\nassets under advisement,* today announced the launch of ETF share classes for\nthree existing mutual funds, becoming one of the first asset managers to bring\nthis innovative structure to investors. The following ETF share classes began\ntrading today:\n\n * Allspring Short-Term High Income Fund–ETF Class (NASDAQ: AHIC): seeks\ncurrent income by investing primarily in a diversified portfolio of\nnon-investment-grade corporate debt securities with an average effective\nmaturity of three years or less\n * Allspring Strategic Municipal Bond Fund–ETF Class (NASDAQ: ASTM): pursues\ntax-free income by principally investing in a diversified portfolio of\nmunicipal securities\n * Allspring High Yield Municipal Bond Fund–ETF Class (NASDAQ: AHYM): seeks\nhigh current income and capital appreciation by investing in a diversified\nportfolio of municipal securities, most of them rated triple-B or lower\n\"We believe the ETF share class structure represents an important evolution in\nhow investors access our investment capabilities,\" said Rick Genoni,\nAllspring's global head of Product. \"When investors don't have to choose\nbetween the benefits of an established mutual fund and the features of an ETF,\nthat's a powerful outcome.\"\n\nThe ETF share class structure is designed to provide meaningful benefits for\nall investors. ETF shareholders gain access to established investment\nstrategies with existing scale, experienced portfolio management teams, and\nlong-term track records while potentially benefiting from the portfolio's\nexisting tax-lot history. At the same time, mutual fund shareholders may\nbenefit from enhanced tax efficiency, as the ETF share class structure can\nhelp manage capital gains at the portfolio level. The structure also provides\ndaily portfolio transparency and allows investors to choose their preferred\ninvestment vehicle while accessing the same underlying strategy and management\nexpertise.\n\nAllspring is committed to advisor and investor education and offers ETF\nresources\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4802412-1&h=1667229534&u=https%3A%2F%2Fwww.allspringglobal.com%2Fcapabilities%2Fallspring-active-etfs%2F%23insights&a=resources)\n, including this primer\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4802412-1&h=568567913&u=https%3A%2F%2Fwww.allspringglobal.com%2Finsights%2Farticles%2Fwhat-you-should-know-about-etf-share-classes%2F&a=primer)\n on ETF share classes.\n\nThe three new ETF share class offerings join eight previously launched\nactively managed ETFs across fixed income (NYSE Arca: AFIX, APLU, AINP, AUSM)\nand equity (NYSE Arca: ALRG, AGRW, ASCE, ASLV), with combined assets of $1.4\nbillion.* For more information, visit Allspring Active ETFs | Allspring Global\nInvestments.\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4802412-1&h=503044952&u=https%3A%2F%2Fwww.allspringglobal.com%2Fcapabilities%2Fallspring-active-etfs%2F&a=Allspring+Active+ETFs+%7C+Allspring+Global+Investments.)\n\nAdditionally, the following share classes are expected to begin trading later\nthis year, followed by further planned launches in 2027:\n\n * Allspring Large Cap Core Fund–ETF Class\n * Allspring Premier Large Company Growth Fund–ETF Class\nABOUT ALLSPRING\nAllspring Global Investments™ is an independent asset management firm with\nmore than $603 billion in assets under advisement*, 18 offices globally, and\ninvestment teams supported by 370 investment professionals. Allspring is\ncommitted to thoughtful investing, purposeful planning, and inspiring a new\nera of investing that pursues both financial returns and positive outcomes.\nFor more information, please visit www.allspringglobal.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4802412-1&h=2684537302&u=http%3A%2F%2Fwww.allspringglobal.com%2F&a=www.allspringglobal.com)\n.\n\n*As of September 30, 2026. Figures include discretionary and non-discretionary\nassets.\n\nInvestors are advised to carefully consider the investment objectives, risks,\ncharges, and expenses of an ETF share class before investing. The prospectus\nand the summary prospectus for each ETF share class contains this and other\nimportant information about the ETF share class and is available at\nallspringglobal.com. Please read these documents carefully before investing.\n\nIt is possible that an active trading market for ETF shares will not develop,\nwhich may hurt your ability to buy or sell shares, particularly in times of\nmarket stress. Shares may trade at a premium or discount to their net asset\nvalue (NAV) in the secondary market. These variations may be greater when\nmarkets are volatile or subject to unusual conditions. There can be no\nassurance that active trading markets for the shares will develop or be\nmaintained by market makers or authorized participants. Shares of the ETFs are\nnot redeemable with the ETF other than in creation unit aggregations. Instead,\ninvestors must buy or sell the ETF shares in the secondary market at market\nprice (not NAV) through a broker-dealer. In doing so, the investor may incur\nbrokerage commissions and may pay more than NAV when buying and may receive\nless than NAV when selling. Investing involves risk, including the possible\nloss of principal. Stock values fluctuate in response to the activities of\nindividual companies and general market and economic conditions. Bond values\nfluctuate in response to the financial condition of individual issuers,\ngeneral market and economic conditions, and changes in interest rates. Changes\nin market conditions and government policies may lead to periods of heightened\nvolatility in the bond market and reduced liquidity for certain bonds held by\nthe fund. In general, when interest rates rise, bond values fall and investors\nmay lose principal value. Interest rate changes and their impact on the fund\nand its share price can be sudden and unpredictable. High yield securities and\njunk bonds have a greater risk of default and tend to be more volatile than\nhigher-rated securities with similar maturities. Municipal securities risk\nincludes the ability of the issuer to repay the obligation, the possibility of\nfuture tax and legislative changes and other factors, that may adversely\nimpact the liquidity and value of the municipal securities in which the fund\ninvests. A portion of the fund's income may be subject to federal, state,\nand/or local income taxes or the alternative minimum tax. Any capital gains\ndistributions may be taxable. Consult the fund's prospectus for additional\ninformation on these and other risks.\n\nThis material is provided for informational purposes only and is intended for\nretail public distribution in the United States. Use outside the United States\nis for professional/qualified investors only. This content and the information\nwithin do not constitute an offer or solicitation in any jurisdiction where or\nto any person to whom it would be unauthorized or unlawful to do so. It should\nnot be considered investment advice, an investment recommendation, or\ninvestment research in any jurisdiction.\n\nAllspring Global Investments(TM) (Allspring) is the trade name for the\nasset management firms of Allspring Global Investments Holdings, LLC, a\nholding company indirectly owned by certain private funds of GTCR LLC and\nReverence Capital Partners, L.P. These firms include but are not limited to\nAllspring Global Investments Luxembourg, S.A.; Allspring Funds Management,\nLLC; Allspring Global Investments, LLC; Allspring Global Investments (UK)\nLtd.; Allspring Global Investments (Singapore) Pte. Ltd.; Allspring Global\nInvestments (Hong Kong) Ltd.; Allspring Global Investments (Japan) Ltd.; and\nGalliard Capital Management, LLC.\n\n ALL-10192026-pwk0k2a5\n© 2026 Allspring Global Investments Holdings, LLC. All rights reserved.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/allspring-among-first-asset-managers-to-introduce-etf-share-classes-302914520.html\n(https://www.prnewswire.com/news-releases/allspring-among-first-asset-managers-to-introduce-etf-share-classes-302914520.html)\n\nSOURCE Allspring Global Investments\n\n\n\nMelissa Murphy +1-804-396-6440 melissa.murphy@allspringglobal.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1356922/Allspring-Logo.jpg?id=OA3029851\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn1zvkzDa-20261021","title":"ALLSPRING AMONG FIRST ASSET MANAGERS TO INTRODUCE ETF SHARE CLASSES","author":"PR Newswire","ticker":"AFIX","created":"2026-10-21T12:30:02.449Z","tickers":["AFIX","AGRW","AHIC","AHYM","AINP","ALRG","APLU","ASCE","ASLV","ASTM","AUSM"],"exchange":"NYSE Arca","article_body":"ALLSPRING AMONG FIRST ASSET MANAGERS TO INTRODUCE ETF SHARE CLASSES\nPR Newswire\n\nCHARLOTTE, N.C., Oct. 21, 2026\n\nThree Fixed Income ETF Share Classes Start Trading Today\n\nCHARLOTTE, N.C., Oct. 21, 2026 /PRNewswire/ -- Allspring Global Investments™\n(Allspring), a global asset management firm with more than $603 billion in\nassets under advisement,* today announced the launch of ETF share classes for\nthree existing mutual funds, becoming one of the first asset managers to bring\nthis innovative structure to investors. The following ETF share classes began\ntrading today:\n\n * Allspring Short-Term High Income Fund–ETF Class (NASDAQ: AHIC): seeks\ncurrent income by investing primarily in a diversified portfolio of\nnon-investment-grade corporate debt securities with an average effective\nmaturity of three years or less\n * Allspring Strategic Municipal Bond Fund–ETF Class (NASDAQ: ASTM): pursues\ntax-free income by principally investing in a diversified portfolio of\nmunicipal securities\n * Allspring High Yield Municipal Bond Fund–ETF Class (NASDAQ: AHYM): seeks\nhigh current income and capital appreciation by investing in a diversified\nportfolio of municipal securities, most of them rated triple-B or lower\n\"We believe the ETF share class structure represents an important evolution in\nhow investors access our investment capabilities,\" said Rick Genoni,\nAllspring's global head of Product. \"When investors don't have to choose\nbetween the benefits of an established mutual fund and the features of an ETF,\nthat's a powerful outcome.\"\n\nThe ETF share class structure is designed to provide meaningful benefits for\nall investors. ETF shareholders gain access to established investment\nstrategies with existing scale, experienced portfolio management teams, and\nlong-term track records while potentially benefiting from the portfolio's\nexisting tax-lot history. At the same time, mutual fund shareholders may\nbenefit from enhanced tax efficiency, as the ETF share class structure can\nhelp manage capital gains at the portfolio level. The structure also provides\ndaily portfolio transparency and allows investors to choose their preferred\ninvestment vehicle while accessing the same underlying strategy and management\nexpertise.\n\nAllspring is committed to advisor and investor education and offers ETF\nresources\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4802412-1&h=1667229534&u=https%3A%2F%2Fwww.allspringglobal.com%2Fcapabilities%2Fallspring-active-etfs%2F%23insights&a=resources)\n, including this primer\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4802412-1&h=568567913&u=https%3A%2F%2Fwww.allspringglobal.com%2Finsights%2Farticles%2Fwhat-you-should-know-about-etf-share-classes%2F&a=primer)\n on ETF share classes.\n\nThe three new ETF share class offerings join eight previously launched\nactively managed ETFs across fixed income (NYSE Arca: AFIX, APLU, AINP, AUSM)\nand equity (NYSE Arca: ALRG, AGRW, ASCE, ASLV), with combined assets of $1.4\nbillion.* For more information, visit Allspring Active ETFs | Allspring Global\nInvestments.\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4802412-1&h=503044952&u=https%3A%2F%2Fwww.allspringglobal.com%2Fcapabilities%2Fallspring-active-etfs%2F&a=Allspring+Active+ETFs+%7C+Allspring+Global+Investments.)\n\nAdditionally, the following share classes are expected to begin trading later\nthis year, followed by further planned launches in 2027:\n\n * Allspring Large Cap Core Fund–ETF Class\n * Allspring Premier Large Company Growth Fund–ETF Class\nABOUT ALLSPRING\nAllspring Global Investments™ is an independent asset management firm with\nmore than $603 billion in assets under advisement*, 18 offices globally, and\ninvestment teams supported by 370 investment professionals. Allspring is\ncommitted to thoughtful investing, purposeful planning, and inspiring a new\nera of investing that pursues both financial returns and positive outcomes.\nFor more information, please visit www.allspringglobal.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4802412-1&h=2684537302&u=http%3A%2F%2Fwww.allspringglobal.com%2F&a=www.allspringglobal.com)\n.\n\n*As of September 30, 2026. Figures include discretionary and non-discretionary\nassets.\n\nInvestors are advised to carefully consider the investment objectives, risks,\ncharges, and expenses of an ETF share class before investing. The prospectus\nand the summary prospectus for each ETF share class contains this and other\nimportant information about the ETF share class and is available at\nallspringglobal.com. Please read these documents carefully before investing.\n\nIt is possible that an active trading market for ETF shares will not develop,\nwhich may hurt your ability to buy or sell shares, particularly in times of\nmarket stress. Shares may trade at a premium or discount to their net asset\nvalue (NAV) in the secondary market. These variations may be greater when\nmarkets are volatile or subject to unusual conditions. There can be no\nassurance that active trading markets for the shares will develop or be\nmaintained by market makers or authorized participants. Shares of the ETFs are\nnot redeemable with the ETF other than in creation unit aggregations. Instead,\ninvestors must buy or sell the ETF shares in the secondary market at market\nprice (not NAV) through a broker-dealer. In doing so, the investor may incur\nbrokerage commissions and may pay more than NAV when buying and may receive\nless than NAV when selling. Investing involves risk, including the possible\nloss of principal. Stock values fluctuate in response to the activities of\nindividual companies and general market and economic conditions. Bond values\nfluctuate in response to the financial condition of individual issuers,\ngeneral market and economic conditions, and changes in interest rates. Changes\nin market conditions and government policies may lead to periods of heightened\nvolatility in the bond market and reduced liquidity for certain bonds held by\nthe fund. In general, when interest rates rise, bond values fall and investors\nmay lose principal value. Interest rate changes and their impact on the fund\nand its share price can be sudden and unpredictable. High yield securities and\njunk bonds have a greater risk of default and tend to be more volatile than\nhigher-rated securities with similar maturities. Municipal securities risk\nincludes the ability of the issuer to repay the obligation, the possibility of\nfuture tax and legislative changes and other factors, that may adversely\nimpact the liquidity and value of the municipal securities in which the fund\ninvests. A portion of the fund's income may be subject to federal, state,\nand/or local income taxes or the alternative minimum tax. Any capital gains\ndistributions may be taxable. Consult the fund's prospectus for additional\ninformation on these and other risks.\n\nThis material is provided for informational purposes only and is intended for\nretail public distribution in the United States. Use outside the United States\nis for professional/qualified investors only. This content and the information\nwithin do not constitute an offer or solicitation in any jurisdiction where or\nto any person to whom it would be unauthorized or unlawful to do so. It should\nnot be considered investment advice, an investment recommendation, or\ninvestment research in any jurisdiction.\n\nAllspring Global Investments(TM) (Allspring) is the trade name for the\nasset management firms of Allspring Global Investments Holdings, LLC, a\nholding company indirectly owned by certain private funds of GTCR LLC and\nReverence Capital Partners, L.P. These firms include but are not limited to\nAllspring Global Investments Luxembourg, S.A.; Allspring Funds Management,\nLLC; Allspring Global Investments, LLC; Allspring Global Investments (UK)\nLtd.; Allspring Global Investments (Singapore) Pte. Ltd.; Allspring Global\nInvestments (Hong Kong) Ltd.; Allspring Global Investments (Japan) Ltd.; and\nGalliard Capital Management, LLC.\n\n ALL-10192026-pwk0k2a5\n© 2026 Allspring Global Investments Holdings, LLC. All rights reserved.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/allspring-among-first-asset-managers-to-introduce-etf-share-classes-302914520.html\n(https://www.prnewswire.com/news-releases/allspring-among-first-asset-managers-to-introduce-etf-share-classes-302914520.html)\n\nSOURCE Allspring Global Investments\n\n\n\nMelissa Murphy +1-804-396-6440 melissa.murphy@allspringglobal.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1356922/Allspring-Logo.jpg?id=OA3029851\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-21T12:30:02.69055453Z","server_sent_at_ms":1792585802690},"received_at":"2026-10-21T12:30:02.834Z","source_url":"https://www.prnewswire.com/news-releases/allspring-among-first-asset-managers-to-introduce-etf-share-classes-302914520.html"},"analysis":{"id":"163572","press_release_id":"175559","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"product_launch","narrative":"Allspring launched ETF share classes for three existing fixed income mutual funds — AHIC, ASTM, and AHYM — which began trading on NASDAQ today, making it one of the first asset managers to adopt the dual share-class structure.\n\nThe structure lets ETF investors access existing strategies and tax-lot history while mutual fund holders may benefit from portfolio-level capital gains management.\n\nThe new classes join eight existing Allspring active ETFs (including AFIX) with combined assets of $1.4 billion; additional equity share classes are slated to launch later this year and in 2027.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Early-mover in ETF share classes — modest incremental AUM catalyst for Allspring's active ETF complex including AFIX."},"keyFigures":{"customDimensions":{"aum":"$603 billion","existing_etfs":8,"active_etf_assets":"$1.4 billion","new_etf_share_classes":3}},"quotedText":"We believe the ETF share class structure represents an important evolution in how investors access our investment capabilities","namedEntities":{"people":[{"name":"Rick Genoni","role":"Global Head of Product, Allspring"}],"products":["Allspring Short-Term High Income Fund–ETF Class (AHIC)","Allspring Strategic Municipal Bond Fund–ETF Class (ASTM)","Allspring High Yield Municipal Bond Fund–ETF Class (AHYM)"],"companies":[{"name":"Allspring Global Investments","ticker":"AFIX","relationship":"filer/issuer"},{"name":"GTCR LLC","relationship":"owner (private funds)"},{"name":"Reverence Capital Partners, L.P.","relationship":"owner"}],"dollarAmounts":[{"amount":"$603 billion","context":"Allspring assets under advisement as of Sept 30, 2026"},{"amount":"$1.4 billion","context":"combined assets of Allspring's actively managed ETFs"}]},"materialImpact":{"score":2,"reasoning":"Product-structure launch (ETF share classes of existing mutual funds) is a notable business expansion but not an earnings, M&A, or regulatory event. No direct financial impact on AFIX shareholders beyond incremental AUM potential."},"tickerRelevance":{"others":[{"ticker":"AHIC","relevance":"newly launched sister ETF share class"},{"ticker":"ASTM","relevance":"newly launched sister ETF share class"},{"ticker":"AHYM","relevance":"newly launched sister ETF share class"},{"ticker":"APLU","relevance":"mentioned - sibling Allspring active ETF"},{"ticker":"AINP","relevance":"mentioned - sibling Allspring active ETF"},{"ticker":"AUSM","relevance":"mentioned - sibling Allspring active ETF"},{"ticker":"ALRG","relevance":"mentioned - sibling Allspring active ETF"},{"ticker":"AGRW","relevance":"mentioned - sibling Allspring active ETF"},{"ticker":"ASCE","relevance":"mentioned - sibling Allspring active ETF"},{"ticker":"ASLV","relevance":"mentioned - sibling Allspring active ETF"}],"primary":"AFIX"},"globalImportance":18,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap ETF within a large private asset manager","eventGravity":"product structure launch","issuerAuthored":true,"householdBrandBoost":false}},"event_type":"product_launch","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Allspring launched ETF share classes for three existing fixed income mutual funds — AHIC, ASTM, and AHYM — which began trading on NASDAQ today, making it one of the first asset managers to adopt the dual share-class structure.\n\nThe structure lets ETF investors access existing strategies and tax-lot history while mutual fund holders may benefit from portfolio-level capital gains management.\n\nThe new classes join eight existing Allspring active ETFs (including AFIX) with combined assets of $1.4 billion; additional equity share classes are slated to launch later this year and in 2027.","key_figures":{"customDimensions":{"aum":"$603 billion","existing_etfs":8,"active_etf_assets":"$1.4 billion","new_etf_share_classes":3}},"named_entities":{"people":[{"name":"Rick Genoni","role":"Global Head of Product, Allspring"}],"products":["Allspring Short-Term High Income Fund–ETF Class (AHIC)","Allspring Strategic Municipal Bond Fund–ETF Class (ASTM)","Allspring High Yield Municipal Bond Fund–ETF Class (AHYM)"],"companies":[{"name":"Allspring Global Investments","ticker":"AFIX","relationship":"filer/issuer"},{"name":"GTCR LLC","relationship":"owner (private funds)"},{"name":"Reverence Capital Partners, L.P.","relationship":"owner"}],"dollarAmounts":[{"amount":"$603 billion","context":"Allspring assets under advisement as of Sept 30, 2026"},{"amount":"$1.4 billion","context":"combined assets of Allspring's actively managed ETFs"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-21T12:30:22.343Z","global_importance":18,"audience_relevance":20,"importance_components":{"tickerTier":"small-cap ETF within a large private asset manager","eventGravity":"product structure launch","issuerAuthored":true,"householdBrandBoost":false}},"durationMs":6208,"modelName":"glm-5.3-flashx"}}