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Form N-PX · fund registrantSEC filer no. 1087961

ALLSPRING MASTER TRUST

fund voting report, part of Allspring

Vote records reported
10,866year to 30 June 2026
Against management
6.1%649 of 10,599 marked votes
Say-on-pay support
89.8%for, of for + against + abstain
Shareholder-proposal support
20.6%for, of for + against + abstain
91.6% for6.3% against2.1% other6.1% against management10,653 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

In its Form N-PX for the year to 30 June 2026, ALLSPRING MASTER TRUST listed 10,866 vote records. Votes against management made up 6.1% of those marked either way (649 of 10,599); the median fund registrant stood at 6.2%.

Weighted by the number of shares voted, the against-management share is 6.6%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 89.8% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 20.6% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (20.7% of 29), COMPENSATION (12.1% of 908) and SECTION 14A SAY-ON-PAY VOTES (10.1% of 505).

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share6.1%6.2%10.6%
Say-on-pay support rate89.8%91.6%86.0%
Shareholder-proposal support rate20.6%27.5%33.9%
Shares on loan, share of shares held0.00%0.00%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS6,3725,9632096.3%
SECTION 14A SAY-ON-PAY VOTES5064324910.1%
AUDIT-RELATED77476860.4%
INVESTMENT COMPANY MATTERS1100.0%
SHAREHOLDER RIGHTS AND DEFENSES2923620.7%
EXTRAORDINARY TRANSACTIONS494724.1%
CAPITAL STRUCTURE748733152.3%
COMPENSATION92079611912.1%
CORPORATE GOVERNANCE1,1821,0591234.7%
ENVIRONMENT OR CLIMATE10026741.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE4921284.1%
DIVERSITY, EQUITY, AND INCLUSION5419350.0%
OTHER SOCIAL ISSUES14460846.3%
OTHER2710179.1%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202423,0028.3%91.5%41.7%
year to 30 June 202516,9295.8%91.2%22.4%
year to 30 June 202610,8666.1%89.8%20.6%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, ALLSPRING MASTER TRUST voted against management on 35 of the 399 it marked either way (8.8%) in the year to 30 June 2026.

A further 9 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 255 proposals from security holders that could be told apart in the filings and on which it cast a vote, ALLSPRING MASTER TRUST voted for 48 (18.8%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Microsoft Corporation5 Dec 2025Report on Human Rights Due Diligence
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI data usage oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
JPMorgan Chase & Co.19 May 2026Independent board chairman
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Bank of America Corporation4 May 2026Shareholder proposal requesting independent board chair
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
AT&T INC.14 May 2026Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Require Independent Board Chair
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Lobbying Disclosure
Comcast Corporation10 Jun 2026Adopt policy to have an independent chair
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Political Spending Disclosure,"
LOCKHEED MARTIN CORPORATION12 May 2026Stockholder Proposal Requiring Independent Board Chairman
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding annual vote regarding executive pay.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding disclosure of voting results by share class.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding dual class capital structure.
Target Corporation10 Jun 2026Require Independent Board Chair
O'Reilly Automotive, Inc.14 May 2026Shareholder proposal entitled "Avoid Brand Damage due to Corporate Political Spending."
Marvell Technology, Inc.25 Jun 2026To consider and act on one stockholder proposal, entitled "Independent Board Chairman"
AppLovin Corporation3 Jun 2026Stockholder proposal regarding disclosure of voting results by class of shares
FirstEnergy Corp.20 May 2026Independent Board Chairman
ON Semiconductor Corporation14 May 2026To vote on a stockholder proposal regarding simple majority voting
lululemon athletica inc.25 Jun 2026Declassify the Board of Directors
CF Industries Holdings, Inc.28 Apr 2026Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes
Tyson Foods, Inc.5 Feb 2026Shareholder proposal regarding disclosure of voting results based on class of shares.
Universal Health Services, Inc.20 May 2026Disclosure of Voting Results Based on Shareholders' Money at Risk
Lincoln National Corporation28 May 2026Require Independent Board Chair
Eagle Materials Inc.4 Aug 2025Non-binding advisory stockholder proposal requesting the declassification of our Board of Directors.
Exxon Mobil Corporation27 May 2026Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not...
Dana Incorporated22 Apr 2026Shareholder proposal to require an independent Board Chairman.
Pilgrim's Pride Corporation29 Apr 2026A stockholder proposal to provide a political spending disclosure.
ArcBest Corporation24 Apr 2026A shareholder proposal to approve GHG emissions reduction targets
Sompo Holdings, Inc.22 Jun 2026Shareholder proposal: CORPORATE GOVERNANCE
Leonardo SpA7 May 2026Shareholder proposal: CORPORATE GOVERNANCE
Leonardo SpA7 May 2026Fix Board Terms for Directors

Shares on loan

ALLSPRING MASTER TRUST reported no shares on loan for the year to 30 June 2026. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Fund series in this filing

7 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
Allspring Disciplined International Developed Markets Portfolio4,5785.1%not reported22.0%
Allspring Disciplined Large Cap Portfolio2,7707.6%87.9%17.0%
Allspring Real Return Portfolio1,6606.0%88.8%19.2%
Allspring Small Company Value Portfolio1,4417.7%93.9%41.7%
Allspring Macro Strategies Portfolio2671.1%87.5%not reported
Allspring Small Company Growth Portfolio1445.6%100.0%not reported
Allspring Large Cap Value Portfolio616.7%not reportednot reported

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did ALLSPRING MASTER TRUST vote on executive pay?

In the year to 30 June 2026 ALLSPRING MASTER TRUST reported 481 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 432 were for (89.8%), 49 against and 0 abstentions. Counting one item per company meeting, it voted against management on 35 of the 399 say-on-pay items it marked either way. A further 9 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does ALLSPRING MASTER TRUST vote against management?

6.1% of the time in the year to 30 June 2026: 649 of the 10,599 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did ALLSPRING MASTER TRUST support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 75 votes on proposals from security holders in the year to 30 June 2026 and voted for 1 of them (1.3%). Across every category it voted for 20.6% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by ALLSPRING MASTER TRUST (filer no. 1087961), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.