Allspring Global Investments UK Limited

Item 5: Fees and compensation
Allspring UK typically charges an investment management fee based upon a percentage of the market value of a
client’s assets under management (such a fee is referred to as an “asset-based fee”). Allspring UK also receives
performance-based fees with respect to certain strategies or as otherwise agreed on with a particular client. For
additional information related to the performance-based fees Allspring UK receives, refer to Item 6 – Performance-
based fees and side-by-side management.

Additional account level and investment level fees
In addition to the investment advisory fees paid to Allspring UK, clients may pay other fees and expenses in
connection with Allspring UK’s management of their account. These additional fees and expenses are incurred at
the account-level and/or the investment-level.

Account-level fees
When a client invest in a discretionary account directly with Allspring UK, the most common fees and expenses are:
brokerage commissions (if applicable depending on type of securities) and transaction charges associated with
buying and selling securities; custody fees the client pays directly to the broker-dealer or bank that holds (a.k.a.,
“custodies”) the assets; and other transactional fees (e.g., interest on margin balances, wire fees).

Allspring UK is not compensated for any of these non-advisory account-level service fees (e.g., brokerage
commissions and other transaction charges, custodial fees, transfer taxes or sales loads or similar charges). In
addition, in certain instances affiliates of Allspring UK may receive these non-advisory account level service fees in
connection with the advisory or portfolio management services Allspring UK provides to its clients. For additional
information related to Allspring UK’s brokerage practices, refer to Item 12-Brokerage Practices.

Investment-level fees
Different investments have different costs to buy, sell and hold. For example, client accounts invested in mutual
funds, money market funds, CEFs, private funds, or other pooled investment vehicles, will also bear their
proportionate share of investment-level fees paid at the fund level. These costs are described in product-specific
materials or offering documents such as prospectuses, which are available from Allspring UK.

Two-levels of fees related to investments in affiliated funds
When a client account invests in a fund sponsored, advised, sub-advised or otherwise serviced by an Allspring
company (i.e., an affiliated fund), Allspring UK and/or its affiliates will receive fees that are paid at the fund-level to
the extent that the fund charges a fee. As a result, clients would pay Allspring UK and its affiliates two levels of fees
on the portion of a client's account invested in affiliated funds. The receipt of two levels of fees would create an
incentive for Allspring UK to select and retain affiliated funds, rather than unaffiliated funds, for its clients. However,
Allspring UK generally does not receive advisory fees from both the client’s separate account and the affiliated fund
in which the separate account is invested. In such instances, Allspring UK will exclude the portion of a client’s
account invested in affiliated funds when calculating Allspring UK’s account-level advisory fee or otherwise offset
the account-level advisory fee by the advisory fees paid at the affiliated fund level. Such rebate or reduction will not
eliminate the conflict and Allspring UK nevertheless has a financial incentive to favor affiliated fund investments (for
example, to increase the assets under management of, or otherwise provide support to certain funds, products or
lines of business). In limited instances, when permitted and agreed upon with the client, Allspring UK will receive
advisory fees from both the client’s separate account and the affiliated fund in which the separate account is
invested.

                                                                          ALLSPRING GLOBAL INVESTMENTS (UK) LIMITED
                                                                                                         BROCHURE

Other compensation
Certain mutual funds, private funds and other investments are sponsored by companies that pass through a portion
of their revenue to Allspring UK in connection with its provision of advisory or sub-advisory services, creating an
incentive for Allspring UK to select these investments over similar investments that do not generate revenue for
Allspring UK. In addition, certain funds or share classes of a fund charge administrative, service or sub-transfer
agency fees that are passed through to Allspring UK or its affiliates, creating an incentive to select those funds or
share classes over other funds or share classes that do not charge such fees. These arrangements create a conflict
of interest. To address this conflict, Allspring has adopted policies and procedures that are reasonably designed to
prevent these financial incentives from influencing the investment of particular funds or share classes.

Clients should consider all of the foregoing additional compensation to Allspring when evaluating the advisory fees
that are paid to Allspring UK in connection with their advisory account(s).

Institutional account advisory fees
The standard fee schedules for Allspring UK’s institutional clients are set out below and can be negotiated between
the client and Allspring UK when circumstances warrant (e.g. large accounts size or accounts requiring special
services). The fee schedules for pooled investment vehicles are found in each pooled vehicle’s offering document.
Although fees may be higher or lower than the standard fee schedule, in general any deviations results in fees lower
than those set forth below. In certain circumstances in which Allspring UK or its affiliates provide customized
investment advisory services a higher fee may apply. Variations in fees charged to clients can occur as a result of
...

Item 7: Types of clients
Allspring UK is authorized to provide services to a diverse group of clients including, but not limited to, the following:
•   Institutional clients, corporations, investment advisers, banks and other business entities
•   Public funds
•   Retirement plans
•   Foundations, endowments, trusts and estates
•   Mutual funds, CITS, Open-ended Investment Companies (OEICs), CEFs (e.g., UK-based investment trusts), private
    funds and other pooled vehicles (including UK and European UCITS, Alternative Investment Funds (“AIFs”), etc.)
•   Governmental plans, pension funds and unions, including local authorities
•   Health services organizations
•   Insurance organizations
•   Charitable organizations and non-profit entities
•   Sovereign wealth funds/central banks

Allspring UK does not deal directly with retail clients.

Allspring UK has established minimum account requirements for certain accounts. The minimum account size for
each strategy is noted in the chart included in Item 5 – Fees and Compensation. The minimum account requirements,
which vary by investment style and asset class, may be negotiated with the client, or waived by Allspring UK in its
sole discretion.

Client account anti-money laundering & privacy obligations
To help the government fight the funding of terrorism and money laundering activities, federal law requires certain
financial institutions to obtain, verify, and record information that identifies each client who opens an account or
establishes a relationship. Accordingly, when Allspring UK establishes a relationship with a client, when appropriate,
it asks for the client’s name, address, and other information or documentation that will allow Allspring UK to identify
and verify the client and the source of client funds that are being invested.

Allspring has adopted policies regarding the collection, use, disclosure and destruction of personal information
about Allspring’s clients. Consistent with its contractual obligations, privacy policies and applicable laws, Allspring
and its affiliates may share client information with affiliates and third-party service providers throughout the world
to the extent necessary and on a need-to-know basis. Allspring’s third-party service providers are subject to security
and confidentiality obligations and are only permitted to process client information for a specified, legitimate
business purpose and in accordance with our instructions. Allspring has implemented appropriate physical,
technical, organizational, and security measures to prevent client information from unauthorized access and from
being accidentally lost, altered, or misused. Additionally, Allspring has put in place procedures to deal with any
suspected data security breach and will notify clients and any applicable regulator of a suspected breach where it is
legally required to do so. For additional information on how Allspring may process client information, please see our
privacy notices at allspringglobal.com.

                                                                       ALLSPRING GLOBAL INVESTMENTS (UK) LIMITED
                                                                                                      BROCHURE