Wells Fargo Funds Trust

07/01/2026 | Press release | Distributed by Public on 07/01/2026 06:07

Summary Prospectus by Investment Company (Form 497K)

SUPPLEMENT TO THE PROSPECTUS AND SUMMARY PROSPECTUSES
OF
ALLSPRING MUNICIPAL FIXED INCOME FUNDS

Effective on or around July 1, 2026, the Fund's Annual Fund Operating Expenses and Example of Expenses tables in the section entitled "Fund Summary - Fees and Expenses" are hereby amended with the following:

California Limited-Term Tax-Free Fund

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

Management Fees

0.40%

Distribution (12b-1) Fees

0.00%

Other Expenses

0.46%

Total Annual Fund Operating Expenses

0.86%

Fee Waivers

(0.06)%

Total Annual Fund Operating Expenses After Fee Waivers2

0.80%

1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.
2. The Manager has contractually committed through October 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.80% for Class A. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class A

$280

$463

$661

$1,234

California Tax-Free Fund

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

C

Management Fees

0.40%

0.40%

Distribution (12b-1) Fees

0.00%

0.75%

Other Expenses

0.43%

0.43%

Total Annual Fund Operating Expenses

0.83%

1.58%

Fee Waivers

(0.08)%

(0.08)%

Total Annual Fund Operating Expenses After Fee Waivers2

0.75%

1.50%

1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.
2. The Manager has contractually committed through October 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.75% for Class A and at 1.50% for Class C. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class A

$523

$695

$882

$1,422

Class C

$253

$491

$853

$1,872

ASSUMING YOU HELD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class C

$153

$491

$853

$1,872

High Yield Municipal Bond Fund

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

C

Management Fees

0.50%

0.50%

Distribution (12b-1) Fees

0.00%

0.75%

Other Expenses

0.51%

0.51%

Total Annual Fund Operating Expenses

1.01%

1.76%

Fee Waivers

(0.21)%

(0.21)%

Total Annual Fund Operating Expenses After Fee Waivers2

0.80%

1.55%

1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.
2. The Manager has contractually committed through October 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.80% for Class A and at 1.55% for Class C. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class A

$528

$737

$963

$1,612

Class C

$258

$534

$935

$2,056

ASSUMING YOU HELD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class C

$158

$534

$935

$2,056

Intermediate Tax/AMT-Free Fund

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

C

Management Fees

0.39%

0.39%

Distribution (12b-1) Fees

0.00%

0.75%

Other Expenses

0.42%

0.42%

Total Annual Fund Operating Expenses

0.81%

1.56%

Fee Waivers

(0.15)%

(0.15)%

Total Annual Fund Operating Expenses After Fee Waivers2

0.66%

1.41%

1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.
2. The Manager has contractually committed through October 31, 2027, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.66% for Class A and at 1.41% for Class C. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class A

$365

$521

$707

$1,244

Class C

$244

$462

$821

$1,830

ASSUMING YOU HELD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class C

$144

$462

$821

$1,830

Minnesota Tax-Free Fund

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

Management Fees

0.40%

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

Distribution (12b-1) Fees

0.00%

Other Expenses

0.50%

Total Annual Fund Operating Expenses

0.90%

Fee Waivers

(0.07)%

Total Annual Fund Operating Expenses After Fee Waivers2

0.83%

1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.
2. The Manager has contractually committed through October 31, 2027, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.83% for Class A. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class A

$531

$710

$913

$1,495

Municipal Bond Fund

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

C

Management Fees

0.33%

0.33%

Distribution (12b-1) Fees

0.00%

0.75%

Other Expenses

0.40%

0.40%

Total Annual Fund Operating Expenses

0.73%

1.48%

Fee Waivers

0.00%

0.00%

Total Annual Fund Operating Expenses After Fee Waivers2

0.73%

1.48%

1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.
2. The Manager has contractually committed through October 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.75% for Class A and at 1.50% for Class C. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class A

$521

$673

$838

$1,316

Class C

$251

$468

$808

$1,768

ASSUMING YOU HELD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class C

$151

$468

$808

$1,768

Pennsylvania Tax-Free Fund

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

Management Fees

0.40%

Distribution (12b-1) Fees

0.00%

Other Expenses

0.56%

Total Annual Fund Operating Expenses

0.96%

Fee Waivers

(0.22)%

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

Total Annual Fund Operating Expenses After Fee Waivers2

0.74%

1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.
2. The Manager has contractually committed through October 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.74% for Class A. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class A

$522

$721

$937

$1,556

Short-Term Municipal Bond Fund

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

C

Management Fees

0.34%

0.34%

Distribution (12b-1) Fees

0.00%

0.75%

Other Expenses

0.41%

0.41%

Total Annual Fund Operating Expenses

0.75%

1.50%

Fee Waivers

(0.12)%

(0.12)%

Total Annual Fund Operating Expenses After Fee Waivers2

0.63%

1.38%

1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.
2. The Manager has contractually committed through October 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.63% for Class A and at 1.38% for Class C. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class A

$263

$423

$597

$1,101

Class C

$240

$462

$807

$1,780

ASSUMING YOU HELD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class C

$140

$462

$807

$1,780

Strategic Municipal Bond Fund

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

C

Management Fees

0.37%

0.37%

Distribution (12b-1) Fees

0.00%

0.75%

Other Expenses

0.41%

0.41%

Total Annual Fund Operating Expenses

0.78%

1.53%

Fee Waivers

0.00%

0.00%

Total Annual Fund Operating Expenses After Fee Waivers2

0.78%

1.53%

1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.
2. The Manager has contractually committed through October 31, 2027, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.78% for Class A and at 1.53% for Class C. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded
from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class A

$476

$639

$816

$1,327

Class C

$256

$483

$834

$1,824

ASSUMING YOU HELD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class C

$156

$483

$834

$1,824

Ultra Short-Term Municipal Income Fund

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

A2

Management Fees

0.25%

0.25%

Distribution (12b-1) Fees

0.00%

0.00%

Other Expenses

0.42%

0.32%

Total Annual Fund Operating Expenses

0.67%

0.57%

Fee Waivers

(0.17)%

(0.17)%

Total Annual Fund Operating Expenses After Fee Waivers2

0.50%

0.40%

1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.
2. The Manager has contractually committed through October 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.50% for Class A and at 0.40% for Class A2. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class A

$250

$393

$549

$1,002

Class A2

$41

$166

$301

$697

Wisconsin Tax-Free Fund

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)1

A

Management Fees

0.40%

Distribution (12b-1) Fees

0.00%

Other Expenses

0.53%

Total Annual Fund Operating Expenses

0.93%

Fee Waivers

(0.23)%

Total Annual Fund Operating Expenses After Fee Waivers2

0.70%

1. Expenses have been adjusted as necessary from amounts incurred during the Fund's most recent fiscal year to reflect current fees and expenses.
2. The Manager has contractually committed through October 31, 2026, to waive fees and/or reimburse expenses to the extent necessary to cap Total Annual Fund Operating Expenses After Fee Waiver at 0.70% for Class A. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses (if any), and extraordinary expenses are excluded from the expense cap. Prior to or after the commitment expiration date, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees.

ASSUMING YOU SOLD YOUR SHARES, YOU WOULD PAY:

AFTER 1 YEAR

AFTER 3 YEARS

AFTER 5 YEARS

AFTER 10 YEARS

Class A

$518

$711

$920

$1,521

July 1, 2026

PRO3322 07-26

Wells Fargo Funds Trust published this content on July 01, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 01, 2026 at 12:07 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]