Description

The Allspring U.S. Long/Short Equity Fund strives to generate substantial long-term growth for its investors, alongside an objective to safeguard capital during periods of market downturn. To accomplish these aims, the fund allocates a minimum of 80% of its total net assets (which encompasses any funds borrowed for investment purposes) into a variety of U.S. equity instruments. These investments principally include common stocks, warrants, and rights issued by companies based in the United States, whose shares are primarily listed and traded on major American exchanges. The fund's core strategy involves taking both "long" positions (buying securities expected to increase in value) and "short" positions (selling borrowed securities expected to decrease in value) in publicly traded American equities.