Dividends and Tax Information

Corporate Dividend Exclusion

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2023 mutual fund corporate dividend exclusions

A corporation is entitled to a special deduction from gross income for dividends received from a domestic corporation. This deduction is generally 70% of dividends received from corporations owned less than 20% by the recipient corporation.

Allspring funds % of taxable distribution eligible for the dividend received deduction

Absolute Return Fund

13.40%

C&B Large Cap Value Fund

77.66%

C&B Mid Cap Value Fund

100.00%

Common Stock Fund

43.57%

Disciplined Small Cap Fund

100.00%

Disciplined U.S. Core Fund

100.00%

Diversified Capital Builder Fund

100.00%

Diversified Income Builder Fund

4.54%

Dynamic Target 2015 Fund

11.26%

Dynamic Target 2020 Fund

13.28%

Dynamic Target 2025 Fund

16.39%

Dynamic Target 2030 Fund

19.18%

Dynamic Target 2035 Fund

23.95%

Dynamic Target 2040 Fund 

24.38%

Dynamic Target 2045 Fund

26.80%

Dynamic Target 2050 Fund

27.35%

Dynamic Target 2055 Fund

28.09%

Dynamic Target 2060 Fund

28.01%

Dynamic Target 2065 Fund

27.32%

Dynamic Target Today Fund

9.69%

Emerging Markets Equity Fund

2.31%

Emerging Markets Equity Income Fund

2.01%

Global Long/Short Equity

44.92%

Growth Balanced Fund

100.00%

Index Asset Allocation Fund

90.83%

Index Fund

100.00%

International Equity Fund

4.00%

Large Cap Core Fund

88.33%

Large Company Value Fund

100.00%

Managed Account CoreBuilder Shares - Series EPI

28.11%

Moderate Balanced Fund

33.51%

Premier Large Company Growth Fund

9.51%

Real Return Fund

3.95%

Small Cap Fund

100.00%

Small Company Value Fund

100.00%

Special Large Cap Value Fund

100.00%

Special Mid Cap Value Fund

82.70%

Special Small Cap Value Fund

94.76%

Spectrum Conservative Growth Fund

7.23%

Spectrum Growth Fund

20.19%

Spectrum Income Allocation Fund

2.56%

Spectrum Moderate Growth Fund

15.69%

Utility and Telecommunications Fund

100.00%

Mutual fund investing involves risks, including the possible loss of principal, and may not be appropriate for all investors. Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. Changes in market conditions and government policies may lead to periods of heightened volatility in the bond market and reduced liquidity for certain bonds held by the fund. In general, when interest rates rise, bond values fall and investors may lose principal value. Interest rate changes and their impact on the fund and its share price can be sudden and unpredictable. Funds that concentrate their investments in a single industry may face increased risk of price fluctuation over more diversified funds due to adverse developments within that industry. Foreign investments are especially volatile and can rise or fall dramatically due to differences in the political and economic conditions of the host country. These risks are generally intensified in emerging markets. Smaller- and mid-cap stocks tend to be more volatile and less liquid than those of larger companies. High-yield securities have a greater risk of default and tend to be more volatile than higher-rated debt securities. Consult a fund's prospectus for additional information on these and other risks.

For target date funds, the target date represents the year in which investors likely may begin withdrawing assets. The funds gradually seek to reduce market risk as the target date approaches and after it arrives by decreasing equity exposure and increasing fixed-income exposure. The principal value is not guaranteed at any time, including at the target date.