August 30, 2024

Filing Desk

U.S. Securities and Exchange Commission

450 Fifth Street, N.W.

Washington, D.C. 20549

Allspring Master Trust - File No. 811-09689

Allspring Variable Trust - File Nos. 333-74283; 811-09255

Allspring Income Opportunities Fund - File No. 811-21269

Allspring Multi-Sector Income Fund - File No. 811-21331

Allspring Utilities and High Income Fund - File No. 811-21507

Allspring Global Dividend Opportunity Fund - File No. 811-22005

Dear Sir or Madam:

Pursuant to Rule 17g-1(g)(1)(B) of the Investment Company Act of 1940, we are filing on behalf of Allspring Funds Trust, Allspring Master Trust, Allspring Variable Trust, Allspring Income Opportunities Fund, Allspring Multi-Sector Income Fund, Allspring Utilities and High Income Fund and Allspring Global Dividend Opportunity Fund (each, a "Trust" and together, the "Trusts"): (i) a copy of the joint insured fidelity bond (including seven excess bonds) to which each Trust is a named insured; (ii) a copy of the resolutions of a majority of the board of trustees who are not "interested persons" of each Trust approving the amount, type, form and coverage of the bond and the portion of the premium to be paid by each Trust; and (iii) a copy of the agreement between each Trust and the other named insureds entered into pursuant to paragraph (f) of the rule.

In addition, each Trust states that the following represents the amount of the single insured bond which it would have had to provide and maintain had it not been named as an insured under the joint insured bond:

Allspring Funds Trust - $2,500,000

Allspring Master Trust - $2,500,000

Allspring Variable Trust - $1,000,000

Allspring Income Opportunities Fund - $900,000

Allspring Multi-Sector Income Fund - $750,000

Allspring Utilities and High Income Fund - $525,000

Allspring Global Dividend Opportunity Fund - $750,000

Pursuant to the rule, the above amount is based on gross assets at the end of the most recent fiscal quarter prior to the date of determination. The premiums for the period commencing September 1, 2024 to September 1, 2025 have been paid.

Sincerely,

Kate Johnson

Assistant Secretary

Resolutions of the majority of the Board of Trustees ("Board")

who are not "interested persons" of the registered investment company

August 12-14, 2024 Board Meetings

FUNDS TRUST

MASTER TRUST

VARIABLE TRUST

GLOBAL DIVIDEND OPPORTUNITY FUND

INCOME OPPORTUNITIES FUND

MULTI-SECTOR INCOME FUND

UTILITIES AND HIGH INCOME FUND

RESOLVED, that the Board, including a majority of the Independent Trustees, hereby determines, with due consideration to (i) the value of the aggregate assets of the Funds to which any person may have access, (ii) the terms of the arrangements made for the custody and safekeeping of such assets, (iii) the nature of securities in the Funds, and (iv) the amount of the bond and the premium of such bond, that such bond in the aggregate amount presented at this meeting of $135 million is in reasonable form and amount; and

FURTHER RESOLVED, that the Officers be, and each hereby is, authorized and directed to determine an appropriate increase in the fidelity bond coverage, based on assets under management, during the policy, if necessary; and

FURTHER RESOLVED, that the Board, including a majority of the Independent Trustees, after taking all relevant factors into consideration, including, but not limited to, (i) the number of other parties, (ii) the amount of the joint insured bond, (iii) the amount of the premium for such bond, (iv) the ratable allocation of the premium among all parties as insured, and (v) the extent to which the share of the premium allocated to each Fund is less than the premium it would have had to pay if it had provided and maintained a single insured bond, hereby approves the portion of the premium to be paid by each Fund, which is a pro rata portion equal to the ratio of each Fund's net assets to the aggregate net assets of all the parties; and

FURTHER RESOLVED, that the Officers be, and each hereby is, authorized and directed to negotiate the final terms of the joint fidelity bond, and to execute and deliver on behalf of each Trust any and all documents related thereto, in such form and with such changes (including final premium amount) as such Officer, in consultation with counsel, deems appropriate or advisable; and

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FURTHER RESOLVED, that the Joint Fidelity Bond Allocation Agreement among Funds Trust, Master Trust, Variable Trust, Global Dividend Opportunity Fund, Income Opportunities Fund, Multi-Sector Income Fund and Utilities and High Income Fund, which provides for an equitable and proportionate share of any recovery under the joint fidelity bond, be, and it hereby is, reapproved; and

FURTHER RESOLVED, that the Officers be, and each here by is, authorized, empowered and directed to make all filings with the SEC, and to give all notices, required by paragraph (g) of Rule 17g-1 under the 1940 Act.

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JOINT FIDELITY BOND

ALLOCATION AGREEMENT

Amended and Restated

December 16, 2021

WHEREAS, Allspring Funds Trust ("Funds Trust"), Allspring Master Trust ("Master Trust") and Allspring Variable Trust ("Variable Trust") are open-end management investment companies registered as such under the 1940 Act, consisting of investment portfolios as detailed in Appendix A; and

WHEREAS, Allspring Global Dividend Opportunity Fund, Allspring Income Opportunities Fund, Allspring Multi-Sector Income Fund and Allspring Utilities and High Income Fund (the "Closed-End Funds") are closed-end management investment companies registered as such under the 1940 Act; and

WHEREAS, Funds Trust, Master Trust, Variable Trust and the Closed-End Funds are required to provide and maintain a fidelity bond pursuant to Rule 17g-1 under the 1940 Act; and

WHEREAS, Rule 17g-1(b) provides that the fidelity bond may be in the form of a joint insured bond covering Funds Trust, Master Trust, Variable Trust; and

WHEREAS, the Trustees of Funds Trust, Master Trust and Variable Trust and the Closed-End Funds, including a majority of such Trustees who are not "interested persons" (as that term is defined in the 1940 Act) have made the required determinations required by that Rule, including those provisions specifically applicable to a joint insured bond;

NOW, THEREFORE, Funds Trust, Master Trust, Variable Trust and the Closed-End Funds hereby agree as follows:

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This agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument.

ALLSPRING FUNDS TRUST

Matthew Prasse

Secretary

ALLSPRING MASTER TRUST

Matthew Prasse

Secretary

ALLSPRING VARIABLE TRUST

Matthew Prasse

Secretary

ALLSPRING GLOBAL DIVIDEND OPPORTUNITY

FUND

Matthew Prasse

Secretary

ALLSPRING INCOME OPPORTUNITIES FUND

Matthew Prasse

Secretary

ALLSPRING MULTI-SECTOR INCOME FUND

Matthew Prasse

Secretary

ALLSPRING UTILITIES AND HIGH INCOME FUND

Matthew Prasse

Secretary

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Appendix A

JOINT FIDELITY BOND
ALLOCATION AGREEMENT

Allspring Funds Trust

100% Treasury Money Market Fund

Absolute Return Fund

Adjustable Rate Government Fund

Alternative Risk Premia Fund

Asset Allocation Fund

California Limited-Term Tax-Free Fund

California Tax-Free Fund

Common Stock Fund

Conservative Income Fund

Core Bond Fund

Core Plus Bond Fund

Disciplined Small Cap Fund

Disciplined U.S. Core Fund

Discovery All Cap Growth Fund¹

Discovery Innovation Fund²

Discovery Large Cap Growth Fund³

Discovery Mid Cap Growth Fund⁴

Discovery Small Cap Growth Fund

Discovery SMID Cap Growth Fund⁵

Diversified Capital Builder Fund

Diversified Income Builder Fund

Emerging Growth Fund

Emerging Markets Equity Fund

Emerging Markets Equity Income Fund

Global Investment Grade Credit Fund

Global Long/Short Equity Fund

Government Money Market Fund

Government Securities Fund

Growth Fund

Heritage Money Market Fund⁶

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High Yield Bond Fund

High Yield Municipal Bond Fund

Income Plus Fund

Index Asset Allocation Fund

Index Fund

Intermediate Tax/AMT-Free Fund

International Equity Fund

Large Cap Core Fund

Large Cap Growth Fund

Large Cap Value Fund

Large Company Value Fund

Managed Account CoreBuilder Shares - Series CP

Managed Account CoreBuilder Shares - Series EM

Managed Account CoreBuilder Shares - Series EPI

Managed Account CoreBuilder Shares - Series M

Minnesota Tax-Free Fund

Money Market Fund

Municipal Bond Fund

Municipal Sustainability Fund

National Tax-Free Money Market Fund

Opportunity Fund

Pennsylvania Tax-Free Fund

Precious Metals Fund

Premier Large Company Growth Fund

Real Return Fund

Short Duration Government Bond Fund

Short-Term Bond Plus Fund

Short-Term High Income Fund

Short-Term Municipal Bond Fund

Small Company Growth Fund

Small Company Value Fund

Special Global Small Cap Fund

Special International Small Cap Fund

Special Large Cap Value Fund

Special Mid Cap Value Fund

Special Small Cap Value Fund

Spectrum Aggressive Growth Fund

Spectrum Conservative Growth Fund

Spectrum Growth Fund

Spectrum Income Allocation Fund

Spectrum Moderate Growth Fund

Strategic Municipal Bond Fund

Treasury Plus Money Market Fund

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Ultra Short-Term Income Fund

Ultra Short-Term Municipal Income Fund

U.S. Long/Short Equity Fund⁷

Utility & Telecommunications Fund

Wisconsin Tax-Free Fund

Allspring Master Trust

Core Bond Portfolio

Disciplined International Developed Markets Portfolio

Disciplined Large Cap Portfolio

Diversified Large Cap Growth Portfolio

Emerging Growth Portfolio⁸

Large Cap Value Portfolio

Large Company Value Portfolio

Allspring Macro Strategies Portfolio

Managed Fixed Income Portfolio

Real Return Portfolio

Small Company Growth Portfolio

Small Company Value Portfolio

Allspring Variable Trust

VT Discovery All Cap Growth Fund

VT Discovery SMID Cap Growth Fund

VT Index Asset Allocation Fund

VT Opportunity Fund

VT Small Cap Growth Fund

Allspring Global Dividend Opportunities Fund

Allspring Income Opportunities Fund

Allspring Multi-Sector Income Fund

Allspring Utilities and High Income Fund

Appendix A Amended: May 29, 2024

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