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Summary

The Allspring Premier Large Company Growth Fund outperformed the Russell 1000 Growth Index during the first quarter that ended March 31, 2026.

Security selection within industrials along with select information technology holdings contributed positively to the Fund's performance.

Businesses within industrials that address data center power, cooling, and storage constraints saw impressive growth with a meaningful pipeline of future projects.

With a massive addressable market and growing traction beyond gaming into e-commerce advertising, the fund leaned into weakness and increased its position in AppLovin Corp.

The Fund will continue to make decisions one company at a time rather than reacting to headlines.

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Quarterly review

• The fund outperformed the Russell 1000 Growth Index during the first quarter that ended March 31, 2026.

• Security selection within industrials along with select information technology holdings contributed…