# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001752724-23-015213
**Filing Date:** 2023-1
**Character Count:** 32058
**Document Hash:** 5707e59fc12d0bed21f0074c2bb244ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015213.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-015213

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001081400
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09253
- **FILM NUMBER:** 23558262

**BUSINESS ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203
- **BUSINESS PHONE:** 833-568-4225

**MAIL ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO FUNDS TRUST
- **DATE OF NAME CHANGE:** 19990308

## Series and Classes Contracts Data

### Allspring Dynamic Target 2025 Fund (Series ID: S000049606)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000156870 | Class A      | WDTIX           |
| C000156871 | Class C      | WDTJX           |
| C000156872 | Class R      | WDTKX           |
| C000156873 | Class R4     | WDTLX           |
| C000156874 | Class R6     | WDTMX           |

## Nport-Ex

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | |
|:---|:---|:---|
|  |  | **Value** |
| &nbsp;&nbsp;**Investment companies: 98.93%** |  |  |
| &nbsp;&nbsp;**Affiliated master portfolios: 98.93%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Bloomberg US Aggregate ex-Corporate Portfolio |  | $18437825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Emerging Markets Bond Portfolio |  | &nbsp;&nbsp;&nbsp; 1558079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Factor Enhanced Emerging Markets Equity Portfolio |  | &nbsp;&nbsp;&nbsp; 4875498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Factor Enhanced International Equity Portfolio |  | &nbsp;&nbsp;&nbsp;15799407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Factor Enhanced U.S. Large Cap Equity Portfolio |  | &nbsp;&nbsp;&nbsp;29576712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Factor Enhanced U.S. Small Cap Equity Portfolio |  | &nbsp;&nbsp;&nbsp; 7440735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring High Yield Corporate Bond Portfolio |  | &nbsp;&nbsp;&nbsp; 1563092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Investment Grade Corporate Bond Portfolio |  | &nbsp;&nbsp;&nbsp; 9522494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Strategic Retirement Bond Portfolio |  | &nbsp;&nbsp;&nbsp; 4099859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring U.S. REIT Portfolio |  | &nbsp;&nbsp;&nbsp; 3432778 |
| &nbsp;&nbsp;**Total Investment companies (Cost $95,126,275)** |  | &nbsp;&nbsp;&nbsp;**96306479** |
| &nbsp;&nbsp;**Total investments in securities (Cost $95,126,275)** | &nbsp;&nbsp;98.93% | &nbsp;&nbsp;&nbsp;96306479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets and liabilities, net | &nbsp;&nbsp;&nbsp;&nbsp;1.07 | &nbsp;&nbsp;&nbsp; 1039368 |
| &nbsp;&nbsp;**Total net assets** | **100.00%** | **$97345847** |

---

Transactions with the affiliated Master Portfolios were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **% of<br> ownership,<br> beginning<br> of period** | **% of<br> ownership,<br> end of<br> period** | **Net realized<br> gains<br> (losses) on<br> securities<br> transactions<br> allocated<br> from<br> affiliated<br> Master<br> Portfolios** | **Net<br> change in<br> unrealized<br> gains<br> (losses) on<br> securities<br> transactions<br> allocated<br> from<br> affiliated<br> Master<br> Portfolios** | **Interest<br> allocated<br> from<br> affiliated<br> Master<br> Portfolios** | **Dividends<br> allocated<br> from<br> affiliated<br> Master<br> Portfolios** | **Affiliated<br> income<br> allocated<br> from<br> affiliated<br> Master<br> Portfolios** | **Value,<br> end of<br> period** |
| &nbsp;&nbsp;&nbsp;Allspring Bloomberg US Aggregate ex-Corporate Portfolio | 0.49% | &nbsp;&nbsp;&nbsp;7.04% | &nbsp;&nbsp;&nbsp;$(606242) | &nbsp;&nbsp;$(249773) | $132976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;$6888 | $18437825 |
| &nbsp;&nbsp;&nbsp;Allspring Emerging Markets Bond Portfolio | 0.64 | 11.64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50153) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20463) | &nbsp;&nbsp;&nbsp;&nbsp;31432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214 | &nbsp;&nbsp;&nbsp;&nbsp;1558079 |
| &nbsp;&nbsp;&nbsp;Allspring Factor Enhanced Emerging Markets Equity Portfolio | 0.41 | &nbsp;&nbsp;&nbsp;4.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(229316) | &nbsp;&nbsp;&nbsp;&nbsp;172962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;41412 | &nbsp;&nbsp;&nbsp;&nbsp;1594 | &nbsp;&nbsp;&nbsp;&nbsp;4875498 |
| &nbsp;&nbsp;&nbsp;Allspring Factor Enhanced International Equity Portfolio | 0.35 | &nbsp;&nbsp;&nbsp;3.36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(429959) | &nbsp;&nbsp;&nbsp;1120051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;143768 | &nbsp;&nbsp;&nbsp;&nbsp;3221 | &nbsp;&nbsp;&nbsp;15799407 |
| &nbsp;&nbsp;&nbsp;Allspring Factor Enhanced U.S. Large Cap Equity Portfolio | 0.56 | &nbsp;&nbsp;&nbsp;5.87 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269145 | &nbsp;&nbsp;&nbsp;&nbsp;(205350) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;157639 | &nbsp;&nbsp;&nbsp;10570 | &nbsp;&nbsp;&nbsp;29576712 |
| &nbsp;&nbsp;&nbsp;Allspring Factor Enhanced U.S. Small Cap Equity Portfolio | 0.55 | &nbsp;&nbsp;&nbsp;5.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15220) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(66674) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;39014 | &nbsp;&nbsp;&nbsp;&nbsp;1852 | &nbsp;&nbsp;&nbsp;&nbsp;7440735 |
| &nbsp;&nbsp;&nbsp;Allspring High Yield Corporate Bond Portfolio | 0.65 | 11.67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(47798) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7237) | &nbsp;&nbsp;&nbsp;&nbsp;29860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184 | &nbsp;&nbsp;&nbsp;&nbsp;1563092 |
| &nbsp;&nbsp;&nbsp;Allspring Investment Grade Corporate Bond Portfolio | 0.65 | 11.62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(436451) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(53831) | &nbsp;&nbsp;&nbsp;118564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;1276 | &nbsp;&nbsp;&nbsp;&nbsp;9522494 |
| &nbsp;&nbsp;&nbsp;Allspring Strategic Retirement Bond Portfolio | 0.89 | 14.82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(101215) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(80375) | &nbsp;&nbsp;&nbsp;&nbsp;35022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318 | &nbsp;&nbsp;&nbsp;&nbsp;4099859 |
| &nbsp;&nbsp;&nbsp;Allspring U.S. REIT Portfolio | 1.93 | 19.47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72133 | &nbsp;&nbsp;&nbsp;&nbsp;(302428) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;39526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;3432778 |
|  |  |  | **$(1575076)** | &nbsp;&nbsp;**$306882** | **$347854** | **$421359** | **$26387** | **$96306479** |

---

See accompanying notes to portfolio of investments

------

Allspring Dynamic Target 2025 Fund \| 1

------

Portfolio of investments—November 30, 2022 (unaudited)

------

#### Futures contracts

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Description** | &nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;**Notional<br> cost** | &nbsp;&nbsp;**Notional<br> value** | &nbsp;&nbsp;**Unrealized<br> gains** | &nbsp;&nbsp;**Unrealized<br> losses** |
| &nbsp;&nbsp;**Long** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CAC 40 Index | &nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;12-16-2022 | &nbsp;&nbsp;$2061071 | &nbsp;&nbsp;$2103001 | &nbsp;&nbsp;$41930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;E-Mini Consumer Staples Select Sector Index | &nbsp;&nbsp;&nbsp;&nbsp;39 | &nbsp;&nbsp;12-16-2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2865827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3030690 | &nbsp;&nbsp;&nbsp;&nbsp;164863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp;&nbsp;10-Year U.S. Treasury Notes | &nbsp;&nbsp;&nbsp;&nbsp;83 | &nbsp;&nbsp;&nbsp;&nbsp;3-22-2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9346140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9420500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Short** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;DAX Index | &nbsp;&nbsp;&nbsp;&nbsp;(6) | &nbsp;&nbsp;12-16-2022 | &nbsp;&nbsp;&nbsp;&nbsp;(1992987) | &nbsp;&nbsp;&nbsp;&nbsp;(2250506) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;(257519) |
| &nbsp;&nbsp;&nbsp;&nbsp;E-Mini Russell 2000 Index | &nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;12-16-2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91254) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(94375) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3121) |
| &nbsp;&nbsp;&nbsp;&nbsp;E-Mini S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;12-16-2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(196059) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(204062) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8003) |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro STOXX 50 Index | &nbsp;&nbsp;(76) | &nbsp;&nbsp;12-16-2022 | &nbsp;&nbsp;&nbsp;&nbsp;(2838480) | &nbsp;&nbsp;&nbsp;&nbsp;(3135744) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;(297264) |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI EAFE Index | &nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;12-16-2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(95102) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(98990) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3888) |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI Emerging Markets Index | &nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;12-16-2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(42866) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49125) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6259) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Ultra Treasury Bonds | &nbsp;&nbsp;(22) | &nbsp;&nbsp;&nbsp;&nbsp;3-22-2023 | &nbsp;&nbsp;&nbsp;&nbsp;(2948168) | &nbsp;&nbsp;&nbsp;&nbsp;(2998188) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50020) |
|  |  |  |  |  | &nbsp;&nbsp;**$281153** | &nbsp;&nbsp;**$(626074)** |

---

See accompanying notes to portfolio of investments

------

2 \| Allspring Dynamic Target 2025 Fund

------

Notes to portfolio of investments—November 30, 2022 (unaudited)

------

The Fund is a fund-of-funds which seeks to achieve its investment objective by investing in multiple diversified portfolios (collectively, the "affiliated Master Portfolios") of Allspring Master Trust, a registered open-end management investment company. Each affiliated Master Portfolio directly acquires portfolio securities and the Fund acquires an indirect interest in those securities.

Securities valuation

All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time), although the Funds may deviate from this calculation time under unusual or unexpected circumstances.

Investments in the affiliated Master Portfolios are valued daily based on each Fund's proportionate share of each affiliated Master Portfolio's net assets, which are also valued daily.

Futures contracts that are listed on a foreign or domestic exchange or market are valued at the official closing price or, if none, the last sales price.

Investments which are not valued using the methods discussed above are valued at their fair value, as determined in good faith by Allspring Funds Management, LLC ("Allspring Funds Management"), which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management's process for determining the fair value of the portfolio of investments.

Futures contracts

Futures contracts are agreements between the Fund and a counterparty to buy or sell a specific amount of a commodity, financial instrument or currency at a specified price and on a specified date. The Fund may buy and sell futures contracts in order to gain exposure to, or protect against, changes in security values and foreign exchange rates and is subject to equity price risk and foreign currency risk. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Fund and the prices of futures contracts, and the possibility of an illiquid market. Futures contracts are generally entered into on a regulated futures exchange and cleared through a clearinghouse associated with the exchange. With futures contracts, there is minimal counterparty risk to the Fund since futures contracts are exchange traded and the exchange's clearinghouse, as the counterparty to all exchange traded futures, guarantees the futures contracts against default.

Upon entering into futures contracts, the Fund is required to deposit either cash or securities (initial margin) with the broker in an amount equal to a certain percentage of the contract value. Subsequent payments (variation margin) are paid to or from the broker each day equal to the daily changes in the contract value. Such payments are recorded as unrealized gains or losses and, if any, shown as variation margin receivable (payable). Should the Fund fail to make requested variation margin payments, the broker can gain access to the initial margin to satisfy the Fund's payment obligations. When the contracts are closed, a realized gain or loss is recorded.

Fair valuation measurements

Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of each Fund's investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Each Fund's investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:

■ Level 1 – quoted prices in active markets for identical securities

■ Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

■ Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those securities.

------

Allspring Dynamic Target 2025 Fund \| 3

------

Notes to portfolio of investments—November 30, 2022 (unaudited)

------

The following is a summary of the inputs used in valuing each Fund's assets and liabilities as of November 30, 2022:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;Quoted prices<br> (Level 1) | &nbsp;&nbsp;&nbsp;&nbsp;Other significant<br> observable inputs<br> (Level 2) | &nbsp;&nbsp;&nbsp;&nbsp;Significant<br> unobservable inputs<br> (Level 3) | &nbsp;&nbsp;&nbsp;&nbsp;Total |
| &nbsp;&nbsp;&nbsp;&nbsp;**<u>Assets</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Investments measured at net asset value\*** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$96306479 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;$281153 | &nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | &nbsp;&nbsp;**$281153** | &nbsp;&nbsp;&nbsp;&nbsp;**$0** | &nbsp;&nbsp;&nbsp;&nbsp;**$0** | &nbsp;&nbsp;&nbsp;&nbsp;**$96587632** |
| &nbsp;&nbsp;&nbsp;&nbsp;**<u>Liabilities</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;$626074 | &nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$626074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | &nbsp;&nbsp;**$626074** | &nbsp;&nbsp;&nbsp;&nbsp;**$0** | &nbsp;&nbsp;&nbsp;&nbsp;**$0** | &nbsp;&nbsp;&nbsp;&nbsp;**$626074** |

---

\* Investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient have not been categorized in the fair value hierarchy. The aggregated affiliated Master Portfolios valued at $96,306,479 do not have a redemption period notice, can be redeemed daily and do not have any unfunded commitments.

Futures contracts are reported at their cumulative unrealized gains (losses) at measurement date as reported in the table following the Portfolio of Investments. All other assets and liabilities are reported at their market value at measurement date.

As of November 30, 2022, $1,264,177 was segregated as cash collateral for open futures contracts.

For the nine months ended November 30, 2022, the Funds did not have any transfers into/out of Level 3.

The investment objective of each affiliated Master Portfolio is as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Master Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;Investment objective |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allspring Bloomberg US Aggregate ex-Corporate Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;Seeks to replicate the total return of the Bloomberg U.S. Aggregate ex-Corporate Index, before fees and expenses |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allspring Emerging Markets Bond Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;Seeks to replicate the total return of the JPMorgan EMBI Global Diversified Index, before fees and expenses |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allspring Factor Enhanced Emerging Markets Equity Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;Seeks long-term capital appreciation |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allspring Factor Enhanced International Equity Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;Seeks long-term capital appreciation |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allspring Factor Enhanced U.S. Large Cap Equity Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;Seeks long-term capital appreciation |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allspring Factor Enhanced U.S. Small Cap Equity Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;Seeks long-term capital appreciation |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allspring High Yield Corporate Bond Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;Seeks to replicate the total return of the Bloomberg U.S. High Yield 2% Issuer Capped Bond Index, before fees and expenses |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allspring Investment Grade Corporate Bond Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;Seeks to replicate the total return of the Bloomberg U.S. Corporate Bond Index, before fees and expenses |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allspring Strategic Retirement Bond Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;Seeks to replicate the total return of a blended index that is weighted 50% to the Bloomberg U.S. Treasury Inflation-Linked 1-10 Year Bond Index and 50% to the Bloomberg U.S. Government Intermediate Bond Index, before fees and expenses |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allspring U.S. REIT Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;Seeks to replicate the total return of the Dow Jones U.S. Select REIT Index, before fees and expenses |

---

------

4 \| Allspring Dynamic Target 2025 Fund

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ALLSPRING FUNDS TRUST

- **b. Investment Company Act file number:** 811-09253

- **c. CIK number of Registrant:** 0001081400

- **d. LEI of Registrant:** 549300XROIY0CTN7RZ24

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 525 MARKET STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-222-8222

**Item A.2. Information about the Series.**

- **a. Name of Series:** Allspring Dynamic Target 2025 Fund

- **b. EDGAR series identifier (if any):** S000049606

- **c. LEI of Series:** 549300UDRU26P376SN20

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $97415734.98

**Total Liabilities:** $69113.84

**Net Assets:** $97346621.14

**Cash Not Reported:** $1264177.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000156871 | -6.07%               | 4.00%                | 6.11%                |
| Class ID C000156872 | -6.22%               | 3.83%                | 5.99%                |
| Class ID C000156870 | -6.19%               | 3.87%                | 5.95%                |
| Class ID C000156873 | -6.13%               | 3.84%                | 5.99%                |
| Class ID C000156874 | -6.22%               | 3.83%                | 6.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

**Designated Index Information**

- **Index Name:** S&P Target Date 2025

- **Index Identifier:** SP_TGT_25_BMK

### Schedule of Portfolio Investments

| Name                                                        | Title                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Euronext N.V.                                               | CAC40 10 EURO FUT DEC22                                     | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | N/A              | DE               |  | FR        |        30 | NC      | $41929.83     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Allspring Factor Enhanced U.S. Large Cap Equity Portfolio   | Allspring Factor Enhanced U.S. Large Cap Equity Portfolio   | CUSIP: 000000000<br>LEI: 549300RQO6CG3C8MZO40 | Long             | EC               | RF                | US        |   1732950 | NS      | $29575561.41  | 30.38%            |  |  |  | No            | N/A                | On Loan: No      |
| Allspring Emerging Markets Bond Portfolio                   | Allspring Emerging Markets Bond Portfolio                   | CUSIP: 000000000<br>LEI: 549300MZYH5H4KTRRR25 | Long             | EC               | RF                | US        |    166727 | NS      | $1562831.50   | 1.61%             |  |  |  | No            | N/A                | On Loan: No      |
| Allspring High Yield Corporate Bond Portfolio               | Allspring High Yield Corporate Bond Portfolio               | CUSIP: 000000000<br>LEI: 549300PINZDPHVMK2484 | Long             | EC               | RF                | US        |    144484 | NS      | $1557662.75   | 1.60%             |  |  |  | No            | N/A                | On Loan: No      |
| Chicago Mercantile Exchange                                 | S+P500 EMINI FUT DEC22                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        -1 | NC      | $-8003.32     | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Allspring Factor Enhanced International Equity Portfolio    | Allspring Factor Enhanced International Equity Portfolio    | CUSIP: 000000000<br>LEI: 549300BD8ALDMNQFRB45 | Long             | EC               | RF                | US        |   1217825 | NS      | $15799737.74  | 16.23%            |  |  |  | No            | N/A                | On Loan: No      |
| Allspring Strategic Retirement Bond Portfolio               | Allspring Strategic Retirement Bond Portfolio               | CUSIP: 000000000<br>LEI: 549300ORTK7ZQ24VTR17 | Long             | EC               | RF                | US        |    380032 | NS      | $4098625.98   | 4.21%             |  |  |  | No            | N/A                | On Loan: No      |
| Chicago Board of Trade                                      | US 10YR NOTE (CBT)MAR23                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        83 | NC      | $74360.20     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Allspring Investment Grade Corporate Bond Portfolio         | Allspring Investment Grade Corporate Bond Portfolio         | CUSIP: 000000000<br>LEI: 5493001BFBPLXGF0T424 | Long             | EC               | RF                | US        |    910986 | NS      | $9522837.88   | 9.78%             |  |  |  | No            | N/A                | On Loan: No      |
| Eurex Deutschland                                           | DAX INDEX FUTURE DEC22                                      | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        -6 | NC      | $-257518.88   | -0.26%            |  |  |  | No            | 1                  | On Loan: No      |
| Eurex Deutschland                                           | EURO STOXX 50 DEC22                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       -76 | NC      | $-297264.25   | -0.31%            |  |  |  | No            | 1                  | On Loan: No      |
| Allspring Bloomberg US Aggregate ex-Corporate Portfolio     | Allspring Bloomberg US Aggregate ex-Corporate Portfolio     | CUSIP: 000000000<br>LEI: 5493005A0U8JNL00Z344 | Long             | EC               | RF                | US        |   1844084 | NS      | $18437143.37  | 18.94%            |  |  |  | No            | N/A                | On Loan: No      |
| Allspring Factor Enhanced U.S. Small Cap Equity Portfolio   | Allspring Factor Enhanced U.S. Small Cap Equity Portfolio   | CUSIP: 000000000<br>LEI: 549300JFCRSOQ3EX1006 | Long             | EC               | RF                | US        |    523822 | NS      | $7439355.60   | 7.64%             |  |  |  | No            | N/A                | On Loan: No      |
| ICE Futures U.S., Inc.                                      | MSCI EAFE DEC22                                             | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        -1 | NC      | $-3887.92     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                                 | XAP CONS STAPLES DEC22                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        39 | NC      | $164862.75    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Allspring Factor Enhanced Emerging Markets Equity Portfolio | Allspring Factor Enhanced Emerging Markets Equity Portfolio | CUSIP: 000000000<br>LEI: 549300GNL2STC8VRF419 | Long             | EC               | RF                | US        |    528013 | NS      | $4875488.01   | 5.01%             |  |  |  | No            | N/A                | On Loan: No      |
| ICE Futures U.S., Inc.                                      | MSCI EMGMKT DEC22                                           | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        -1 | NC      | $-6258.76     | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Allspring U.S. REIT Portfolio                               | Allspring U.S. REIT Portfolio                               | CUSIP: 000000000<br>LEI: 549300NVPFQGH5DNJ440 | Long             | EC               | RF                | US        |    272505 | NS      | $3432778.30   | 3.53%             |  |  |  | No            | N/A                | On Loan: No      |
| Chicago Mercantile Exchange                                 | E-MINI RUSS 2000 DEC22                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        -1 | NC      | $-3121.36     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                      | US ULTRA BOND CBT MAR23                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -22 | NC      | $-50019.31    | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer