# EDGAR Filing Document

**Accession Number:** 0001227073
**File Stem:** 0001410368-26-032027
**Filing Date:** 2026-3
**Character Count:** 315276
**Document Hash:** 916955a9f8c6069a81536b7fd431fec0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-032027.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0001410368-26-032027

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING MULTI-SECTOR INCOME FUND
- **CENTRAL INDEX KEY:** 0001227073

**ORGANIZATION NAME:**
- **EIN:** 562355707
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21331
- **FILM NUMBER:** 26796825

**BUSINESS ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203
- **BUSINESS PHONE:** 833-568-4255

**MAIL ADDRESS:**
- **STREET 1:** 101 SEAPORT BLVD
- **STREET 2:** FLOOR 11
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO MULTI-SECTOR INCOME FUND
- **DATE OF NAME CHANGE:** 20151216

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND
- **DATE OF NAME CHANGE:** 20100719

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EVERGREEN MULTI-SECTOR INCOME FUND
- **DATE OF NAME CHANGE:** 20070530

## Nport-Ex

Portfolio of investments—January 31, 2026 (unaudited)

Portfolio of investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Agency securities: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FHLMC | 8.50<br> %<br>| &nbsp;&nbsp; 7-1-2028 | $576 | &nbsp;&nbsp; $581 |
| &nbsp;&nbsp;&nbsp; FHLMC (1 Year Treasury Constant Maturity+2.25%)± | 6.05 | &nbsp;&nbsp; 2-1-2037 | 17651 | &nbsp;&nbsp; 18239 |
| &nbsp;&nbsp;&nbsp; FHLMC (5 Year Treasury Constant Maturity+2.16%)± | 3.23 | &nbsp;&nbsp; 9-1-2032 | 84307 | &nbsp;&nbsp; 83128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 2390 Class FD (30 Day Average <br> U.S. SOFR+0.56%)±<br>| 4.27 | &nbsp;&nbsp; 12-15-2031 | 1538 | &nbsp;&nbsp; 1538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 2567 Class FH (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.22 | &nbsp;&nbsp; 2-15-2033 | 12448 | &nbsp;&nbsp; 12426 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 4-1-2033 | 29048 | &nbsp;&nbsp; 29162 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2001-25 Class Z | 6.00 | &nbsp;&nbsp; 6-25-2031 | 10507 | &nbsp;&nbsp; 10808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2001-35 Class F (30 Day Average <br> U.S. SOFR+0.71%)±<br>| 4.41 | &nbsp;&nbsp; 7-25-2031 | 878 | &nbsp;&nbsp; 880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2001-57 Class F (30 Day Average <br> U.S. SOFR+0.61%)±<br>| 4.31 | &nbsp;&nbsp; 6-25-2031 | 884 | &nbsp;&nbsp; 884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2002-77 Class FH (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.22 | &nbsp;&nbsp; 12-18-2032 | 3392 | &nbsp;&nbsp; 3390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2002-97 Class FR (30 Day Average <br> U.S. SOFR+0.66%)±<br>| 4.36 | &nbsp;&nbsp; 1-25-2033 | 1349 | &nbsp;&nbsp; 1351 |
| &nbsp;&nbsp;&nbsp; GNMA | 6.50 | &nbsp;&nbsp; 6-15-2028 | 2282 | &nbsp;&nbsp; 2325 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2019-H06 Class HIƒ±± | 1.78 | &nbsp;&nbsp; 4-20-2069 | 615597 | &nbsp;&nbsp; 4279 |
| **Total agency securities (Cost $195,019)** |  |  |  | &nbsp;&nbsp; **168991** |
| **Asset-backed securities: 4.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ABFC Trust Series 2003-AHL1 Class A1±± | 4.18 | &nbsp;&nbsp; 3-25-2033 | 39448 | &nbsp;&nbsp; 38740 |
| &nbsp;&nbsp;&nbsp; Aqua Finance Trust Series 2021-A Class A144A | 1.54 | &nbsp;&nbsp; 7-17-2046 | 146006 | &nbsp;&nbsp; 134705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BRSP Ltd. Series 2021-FL1 Class A (U.S. SOFR 1 <br> Month+1.26%)144A±<br>| 4.94 | &nbsp;&nbsp; 8-19-2038 | 57825 | &nbsp;&nbsp; 57792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BSPRT Issuer LLC Series 2025-FL12 Class A (U.S. SOFR 1 <br> Month+1.39%)144A±<br>| 5.06 | &nbsp;&nbsp; 1-17-2043 | 1000000 | &nbsp;&nbsp; 1001891 |
| &nbsp;&nbsp;&nbsp; Centex Home Equity Loan Trust Series 2002-A Class AF6 | 5.54 | &nbsp;&nbsp; 1-25-2032 | 2163 | &nbsp;&nbsp; 2165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust Series 2025-HE2 <br> Class M1 (30 Day Average U.S. SOFR+1.90%)144A±<br>| 5.60 | &nbsp;&nbsp; 12-25-2065 | 1000000 | &nbsp;&nbsp; 1011451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home Partners of America Trust Series 2021-1 <br> Class D144A<br>| 2.48 | &nbsp;&nbsp; 9-17-2041 | 847899 | &nbsp;&nbsp; 769225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MF1 Ltd. Series 2022-FL8 Class A (U.S. SOFR 1 <br> Month+1.35%)144A±<br>| 5.02 | &nbsp;&nbsp; 2-19-2037 | 497371 | &nbsp;&nbsp; 497745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MF1 Ltd. Series 2022-FL8 Class C (U.S. SOFR 1 <br> Month+2.20%)144A±<br>| 5.87 | &nbsp;&nbsp; 2-19-2037 | 1000000 | &nbsp;&nbsp; 998091 |
| &nbsp;&nbsp;&nbsp; Mid-State Trust XI Series 11 Class A1 | 4.86 | &nbsp;&nbsp; 7-15-2038 | 17658 | &nbsp;&nbsp; 17657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Century Home Equity Loan Trust Series 2004-3 <br> Class M1 (U.S. SOFR 1 Month+1.04%)±<br>| 4.72 | &nbsp;&nbsp; 11-25-2034 | 534178 | &nbsp;&nbsp; 534194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Economy Assets - Phase 1 Sponsor LLC Series 2021-1 <br> Class B1144A<br>| 2.41 | &nbsp;&nbsp; 10-20-2061 | 1000000 | &nbsp;&nbsp; 631167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Vantage Data Centers Issuer LLC Series 2023-1A <br> Class A2A144A<br>| 5.00 | &nbsp;&nbsp; 9-15-2048 | 900000 | &nbsp;&nbsp; 899232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood LLC Series 2025-SIF5A Class A (U.S. SOFR 3 <br> Month+1.55%)144A±<br>| 5.22 | &nbsp;&nbsp; 4-15-2037 | 1000000 | &nbsp;&nbsp; 1002756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Ltd. Series 2022-FL3 Class A (30 Day Average <br> U.S. SOFR+1.35%)144A±<br>| 5.06 | &nbsp;&nbsp; 11-15-2038 | 732067 | &nbsp;&nbsp; 730625 |

---

See accompanying notes to portfolio of investments

Allspring Multi-Sector Income Fund \| 1

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Store Master Funding I-VII XIV XIX XX XXIV Series 2023-1A <br> Class A1144A<br>| 6.19<br> %<br>| &nbsp;&nbsp; 6-20-2053 | $493333 | &nbsp;&nbsp; $495322 |
| &nbsp;&nbsp;&nbsp; Store Master Funding I-VII Series 2018-1A Class A2144A | 4.29 | &nbsp;&nbsp; 10-20-2048 | 484805 | &nbsp;&nbsp; 482388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terwin Mortgage Trust Series 2003-6HE Class A3 <br> (U.S. SOFR 1 Month+1.25%)±<br>| 4.93 | &nbsp;&nbsp; 11-25-2033 | 91608 | &nbsp;&nbsp; 84442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TRTX Issuer Ltd. Series 2022-FL5 Class A (U.S. SOFR 1 <br> Month+1.65%)144A±<br>| 5.33 | &nbsp;&nbsp; 2-15-2039 | 473805 | &nbsp;&nbsp; 472054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TRTX Issuer Ltd. Series 2025-FL7 Class A (U.S. SOFR 1 <br> Month+1.45%)144A±<br>| 5.13 | &nbsp;&nbsp; 6-18-2043 | 1000000 | &nbsp;&nbsp; 1000624 |
| &nbsp;&nbsp;&nbsp; Uniti Fiber ABS Issuer LLC Series 2025-1A Class B144A | 6.37 | &nbsp;&nbsp; 4-20-2055 | 510000 | &nbsp;&nbsp; 523043 |
| &nbsp;&nbsp;&nbsp; Vital Care Issuer LLC Series 2025-1A Class A2144A | 6.74 | &nbsp;&nbsp; 1-30-2056 | 40000 | &nbsp;&nbsp; 40622 |
| &nbsp;&nbsp;&nbsp; Westgate Resorts LLC Series 2022-1A Class C144A | 2.49 | &nbsp;&nbsp; 8-20-2036 | 81283 | &nbsp;&nbsp; 80693 |
| **Total asset-backed securities (Cost $11,798,309)** |  |  |  | &nbsp;&nbsp; **11506624** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Common stocks: 0.47%** |  |  |
| **Energy: 0.30%** |  |  |
| **Oil, gas & consumable fuels: 0.30%** |  |  |
| &nbsp;&nbsp;&nbsp; Enviva, Inc. (Acquired 12-6-2024, cost $325,099)†˃ | 59579 | &nbsp;&nbsp; **849001** |
| **Health care: 0.17%** |  |  |
| **Health care providers & services: 0.17%** |  |  |
| &nbsp;&nbsp;&nbsp; ModivCare Topco LLC† | 87220 | &nbsp;&nbsp; **479710** |
| **Total common stocks (Cost $615,306)** |  | &nbsp;&nbsp; **1328711** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | Principal |  |
| **Corporate bonds and notes: 62.57%** |  |  |  |  |
| **Basic materials: 1.46%** |  |  |  |  |
| **Chemicals: 1.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC | 6.50 | &nbsp;&nbsp; 4-15-2030 | $920000 | &nbsp;&nbsp; 936018 |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC | 7.38 | &nbsp;&nbsp; 7-15-2032 | 395000 | &nbsp;&nbsp; 412100 |
| &nbsp;&nbsp;&nbsp; Chemours Co.144A | 8.00 | &nbsp;&nbsp; 1-15-2033 | 890000 | &nbsp;&nbsp; 892344 |
| &nbsp;&nbsp;&nbsp; SCIH Salt Holdings, Inc.144A | 6.63 | &nbsp;&nbsp; 5-1-2029 | 930000 | &nbsp;&nbsp; 929542 |
|  |  |  |  | &nbsp;&nbsp; **3170004** |
| **Iron/steel: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.144A | 7.00 | &nbsp;&nbsp; 3-15-2032 | 935000 | &nbsp;&nbsp; **959531** |
| **Communications: 8.66%** |  |  |  |  |
| **Advertising: 0.97%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc.144A | 7.13 | &nbsp;&nbsp; 2-15-2031 | 1220000 | &nbsp;&nbsp; 1272220 |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc.144A | 7.50 | &nbsp;&nbsp; 3-15-2033 | 75000 | &nbsp;&nbsp; 79690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital <br> Corp.144A<br>| 4.63 | &nbsp;&nbsp; 3-15-2030 | 590000 | &nbsp;&nbsp; 576111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital <br> Corp.144A<br>| 7.38 | &nbsp;&nbsp; 2-15-2031 | 775000 | &nbsp;&nbsp; 816203 |
|  |  |  |  | &nbsp;&nbsp; **2744224** |

---

See accompanying notes to portfolio of investments

2 \| Allspring Multi-Sector Income Fund

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Internet: 1.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arches Buyer, Inc.144A | 4.25<br> %<br>| &nbsp;&nbsp; 6-1-2028 | $350000 | &nbsp;&nbsp; $344225 |
| &nbsp;&nbsp;&nbsp; Arches Buyer, Inc.144A | 6.13 | &nbsp;&nbsp; 12-1-2028 | 525000 | &nbsp;&nbsp; 513315 |
| &nbsp;&nbsp;&nbsp; Cablevision Lightpath LLC144A | 5.63 | &nbsp;&nbsp; 9-15-2028 | 580000 | &nbsp;&nbsp; 579836 |
| &nbsp;&nbsp;&nbsp; Match Group Holdings II LLC144A | 5.63 | &nbsp;&nbsp; 2-15-2029 | 791000 | &nbsp;&nbsp; 790949 |
| &nbsp;&nbsp;&nbsp; Match Group Holdings II LLC144A | 6.13 | &nbsp;&nbsp; 9-15-2033 | 545000 | &nbsp;&nbsp; 547024 |
| &nbsp;&nbsp;&nbsp; Wayfair LLC144A | 6.75 | &nbsp;&nbsp; 11-15-2032 | 595000 | &nbsp;&nbsp; 614975 |
|  |  |  |  | &nbsp;&nbsp; **3390324** |
| **Media: 4.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 4.25 | &nbsp;&nbsp; 1-15-2034 | 1750000 | &nbsp;&nbsp; 1478209 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 4.50 | &nbsp;&nbsp; 8-15-2030 | 2550000 | &nbsp;&nbsp; 2396594 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp. | 4.50 | &nbsp;&nbsp; 5-1-2032 | 900000 | &nbsp;&nbsp; 807649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 5.05 | &nbsp;&nbsp; 3-30-2029 | 675000 | &nbsp;&nbsp; 682472 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 3.38 | &nbsp;&nbsp; 2-15-2031 | 715000 | &nbsp;&nbsp; 426177 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 5.50 | &nbsp;&nbsp; 4-15-2027 | 855000 | &nbsp;&nbsp; 754660 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 5.75 | &nbsp;&nbsp; 1-15-2030 | 425000 | &nbsp;&nbsp; 167048 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 11.25 | &nbsp;&nbsp; 5-15-2028 | 565000 | &nbsp;&nbsp; 452839 |
| &nbsp;&nbsp;&nbsp; DISH DBS Corp.144A | 5.75 | &nbsp;&nbsp; 12-1-2028 | 420000 | &nbsp;&nbsp; 406446 |
| &nbsp;&nbsp;&nbsp; DISH Network Corp.144A | 11.75 | &nbsp;&nbsp; 11-15-2027 | 1410000 | &nbsp;&nbsp; 1459291 |
| &nbsp;&nbsp;&nbsp; Gray Media, Inc.144A | 9.63 | &nbsp;&nbsp; 7-15-2032 | 595000 | &nbsp;&nbsp; 613416 |
| &nbsp;&nbsp;&nbsp; News Corp.144A | 5.13 | &nbsp;&nbsp; 2-15-2032 | 500000 | &nbsp;&nbsp; 499279 |
| &nbsp;&nbsp;&nbsp; Paramount Global (U.S. SOFR 3 Month+3.90%)± | 6.25 | &nbsp;&nbsp; 2-28-2057 | 675000 | &nbsp;&nbsp; 613406 |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC144A | 4.13 | &nbsp;&nbsp; 7-1-2030 | 1190000 | &nbsp;&nbsp; 1122193 |
|  |  |  |  | &nbsp;&nbsp; **11879679** |
| **Telecommunications: 2.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cipher Compute LLC144A | 7.13 | &nbsp;&nbsp; 11-15-2030 | 145000 | &nbsp;&nbsp; 149410 |
| &nbsp;&nbsp;&nbsp; EchoStar Corp. (PIK at 6.75%)¥ | 6.75 | &nbsp;&nbsp; 11-30-2030 | 2136477 | &nbsp;&nbsp; 2174374 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 3.63 | &nbsp;&nbsp; 1-15-2029 | 610000 | &nbsp;&nbsp; 565849 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 6.88 | &nbsp;&nbsp; 6-30-2033 | 655000 | &nbsp;&nbsp; 674972 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 8.50 | &nbsp;&nbsp; 1-15-2036 | 720000 | &nbsp;&nbsp; 737088 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc.144A | 10.00 | &nbsp;&nbsp; 10-15-2032 | 656250 | &nbsp;&nbsp; 656250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint <br> Spectrum Co. III LLC144A<br>| 5.15 | &nbsp;&nbsp; 3-20-2028 | 337500 | &nbsp;&nbsp; 339994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC144A<br>| 8.63 | &nbsp;&nbsp; 6-15-2032 | 280000 | &nbsp;&nbsp; 282707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Windstream Services LLC/Windstream Escrow Finance <br> Corp.144A<br>| 8.25 | &nbsp;&nbsp; 10-1-2031 | 825000 | &nbsp;&nbsp; 864208 |
|  |  |  |  | &nbsp;&nbsp; **6444852** |
| **Consumer, cyclical: 10.11%** |  |  |  |  |
| **Airlines: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd.144A | 5.50 | &nbsp;&nbsp; 4-20-2026 | 28334 | &nbsp;&nbsp; 28354 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp. (U.S. SOFR 3 Month+4.75%)± | 8.44 | &nbsp;&nbsp; 8-27-2029 | 1154015 | &nbsp;&nbsp; 1104254 |
|  |  |  |  | &nbsp;&nbsp; **1132608** |

---

See accompanying notes to portfolio of investments

Allspring Multi-Sector Income Fund \| 3

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Apparel: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC (PIK at 10.75%)144A¥ | 10.00<br> %<br>| &nbsp;&nbsp; 7-15-2033 | $611348 | &nbsp;&nbsp; **$672691** |
| **Auto manufacturers: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. LLC144A | 7.05 | &nbsp;&nbsp; 9-15-2028 | 175000 | &nbsp;&nbsp; **181454** |
| **Auto parts & equipment: 0.93%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.144A | 7.50 | &nbsp;&nbsp; 2-15-2033 | 805000 | &nbsp;&nbsp; 835868 |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.144A | 8.25 | &nbsp;&nbsp; 4-15-2031 | 145000 | &nbsp;&nbsp; 151928 |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc. | 5.00 | &nbsp;&nbsp; 10-1-2029 | 400000 | &nbsp;&nbsp; 390255 |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc.144A | 7.75 | &nbsp;&nbsp; 10-15-2033 | 355000 | &nbsp;&nbsp; 365198 |
| &nbsp;&nbsp;&nbsp; ZF North America Capital, Inc.144A | 6.88 | &nbsp;&nbsp; 4-23-2032 | 490000 | &nbsp;&nbsp; 488610 |
| &nbsp;&nbsp;&nbsp; ZF North America Capital, Inc.144A | 7.50 | &nbsp;&nbsp; 3-24-2031 | 385000 | &nbsp;&nbsp; 394621 |
|  |  |  |  | &nbsp;&nbsp; **2626480** |
| **Distribution/wholesale: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; RB Global Holdings, Inc.144A | 7.75 | &nbsp;&nbsp; 3-15-2031 | 175000 | &nbsp;&nbsp; **182418** |
| **Entertainment: 1.84%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Churchill Downs, Inc.144A | 6.75 | &nbsp;&nbsp; 5-1-2031 | 800000 | &nbsp;&nbsp; 824267 |
| &nbsp;&nbsp;&nbsp; Cinemark USA, Inc.144A | 7.00 | &nbsp;&nbsp; 8-1-2032 | 1425000 | &nbsp;&nbsp; 1474485 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp.144A | 7.25 | &nbsp;&nbsp; 5-15-2031 | 200000 | &nbsp;&nbsp; 197374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Canada's Wonderland <br> Co./Millennium Operations LLC144A<br>| 8.63 | &nbsp;&nbsp; 1-15-2032 | 420000 | &nbsp;&nbsp; 428589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Six Flags Theme Parks, <br> Inc./Canada's Wonderland Co.144A<br>| 6.63 | &nbsp;&nbsp; 5-1-2032 | 1005000 | &nbsp;&nbsp; 1026952 |
| &nbsp;&nbsp;&nbsp; WarnerMedia Holdings, Inc. | 4.05 | &nbsp;&nbsp; 3-15-2029 | 635000 | &nbsp;&nbsp; 615979 |
| &nbsp;&nbsp;&nbsp; WarnerMedia Holdings, Inc. | 4.28 | &nbsp;&nbsp; 3-15-2032 | 291000 | &nbsp;&nbsp; 256080 |
| &nbsp;&nbsp;&nbsp; WarnerMedia Holdings, Inc. | 5.05 | &nbsp;&nbsp; 3-15-2042 | 515000 | &nbsp;&nbsp; 361787 |
|  |  |  |  | &nbsp;&nbsp; **5185513** |
| **Home builders: 1.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ashton Woods USA LLC/Ashton Woods Finance Co.144A | 6.88 | &nbsp;&nbsp; 8-1-2033 | 685000 | &nbsp;&nbsp; 691109 |
| &nbsp;&nbsp;&nbsp; Century Communities, Inc.144A | 6.63 | &nbsp;&nbsp; 9-15-2033 | 495000 | &nbsp;&nbsp; 501322 |
| &nbsp;&nbsp;&nbsp; K Hovnanian Enterprises, Inc.144A | 8.38 | &nbsp;&nbsp; 10-1-2033 | 400000 | &nbsp;&nbsp; 408798 |
| &nbsp;&nbsp;&nbsp; LGI Homes, Inc.144A | 8.75 | &nbsp;&nbsp; 12-15-2028 | 675000 | &nbsp;&nbsp; 703438 |
| &nbsp;&nbsp;&nbsp; Taylor Morrison Communities, Inc.144A | 5.13 | &nbsp;&nbsp; 8-1-2030 | 255000 | &nbsp;&nbsp; 256629 |
| &nbsp;&nbsp;&nbsp; Tri Pointe Homes, Inc. | 5.70 | &nbsp;&nbsp; 6-15-2028 | 515000 | &nbsp;&nbsp; 520562 |
|  |  |  |  | &nbsp;&nbsp; **3081858** |
| **Home furnishings: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Whirlpool Corp. | 6.13 | &nbsp;&nbsp; 6-15-2030 | 590000 | &nbsp;&nbsp; **591538** |
| **Housewares: 0.62%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Garden & Pet Co. | 4.13 | &nbsp;&nbsp; 10-15-2030 | 375000 | &nbsp;&nbsp; 360050 |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. | 6.38 | &nbsp;&nbsp; 5-15-2030 | 605000 | &nbsp;&nbsp; 598000 |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc.144A | 8.50 | &nbsp;&nbsp; 6-1-2028 | 755000 | &nbsp;&nbsp; 791576 |
|  |  |  |  | &nbsp;&nbsp; **1749626** |

---

See accompanying notes to portfolio of investments

4 \| Allspring Multi-Sector Income Fund

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Leisure time: 0.75%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 6.25<br> %<br>| &nbsp;&nbsp; 9-15-2033 | $685000 | &nbsp;&nbsp; $688785 |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 6.75 | &nbsp;&nbsp; 2-1-2032 | 380000 | &nbsp;&nbsp; 389426 |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 7.75 | &nbsp;&nbsp; 2-15-2029 | 275000 | &nbsp;&nbsp; 293890 |
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd.144A | 5.88 | &nbsp;&nbsp; 10-15-2033 | 235000 | &nbsp;&nbsp; 238241 |
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd.144A | 7.00 | &nbsp;&nbsp; 2-15-2029 | 500000 | &nbsp;&nbsp; 502016 |
|  |  |  |  | &nbsp;&nbsp; **2112358** |
| **Lodging: 0.54%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Genting New York LLC/GENNY Capital, Inc.144A | 7.25 | &nbsp;&nbsp; 10-1-2029 | 625000 | &nbsp;&nbsp; 645933 |
| &nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., Inc.144A | 6.13 | &nbsp;&nbsp; 4-1-2032 | 605000 | &nbsp;&nbsp; 624924 |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. | 6.20 | &nbsp;&nbsp; 8-15-2034 | 255000 | &nbsp;&nbsp; 265251 |
|  |  |  |  | &nbsp;&nbsp; **1536108** |
| **Retail: 3.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc.144A | 7.38 | &nbsp;&nbsp; 8-1-2033 | 610000 | &nbsp;&nbsp; 619150 |
| &nbsp;&nbsp;&nbsp; Carvana Co.144A | 9.00 | &nbsp;&nbsp; 6-1-2030 | 1375000 | &nbsp;&nbsp; 1433706 |
| &nbsp;&nbsp;&nbsp; Carvana Co.144A | 9.00 | &nbsp;&nbsp; 6-1-2031 | 500000 | &nbsp;&nbsp; 550034 |
| &nbsp;&nbsp;&nbsp; FirstCash, Inc.144A | 4.63 | &nbsp;&nbsp; 9-1-2028 | 250000 | &nbsp;&nbsp; 248173 |
| &nbsp;&nbsp;&nbsp; FirstCash, Inc.144A | 6.88 | &nbsp;&nbsp; 3-1-2032 | 1105000 | &nbsp;&nbsp; 1148650 |
| &nbsp;&nbsp;&nbsp; Lithia Motors, Inc.144A | 4.38 | &nbsp;&nbsp; 1-15-2031 | 670000 | &nbsp;&nbsp; 644918 |
| &nbsp;&nbsp;&nbsp; Macy's Retail Holdings LLC144A | 6.13 | &nbsp;&nbsp; 3-15-2032 | 580000 | &nbsp;&nbsp; 586234 |
| &nbsp;&nbsp;&nbsp; Michaels Cos., Inc.144A | 7.88 | &nbsp;&nbsp; 5-1-2029 | 505000 | &nbsp;&nbsp; 492026 |
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., Inc.144A%% | 8.25 | &nbsp;&nbsp; 2-1-2031 | 145000 | &nbsp;&nbsp; 145380 |
| &nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart Finance Corp.144A | 7.50 | &nbsp;&nbsp; 9-15-2032 | 640000 | &nbsp;&nbsp; 656295 |
| &nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart Finance Corp.144A | 10.00 | &nbsp;&nbsp; 9-15-2033 | 475000 | &nbsp;&nbsp; 494265 |
| &nbsp;&nbsp;&nbsp; PetSmart, Inc. (U.S. SOFR 1 Month+4.00%)± | 7.67 | &nbsp;&nbsp; 8-18-2032 | 500000 | &nbsp;&nbsp; 499250 |
| &nbsp;&nbsp;&nbsp; QXO Building Products, Inc.144A | 6.75 | &nbsp;&nbsp; 4-30-2032 | 595000 | &nbsp;&nbsp; 613135 |
| &nbsp;&nbsp;&nbsp; Sally Holdings LLC/Sally Capital, Inc. | 6.75 | &nbsp;&nbsp; 3-1-2032 | 405000 | &nbsp;&nbsp; 419784 |
| &nbsp;&nbsp;&nbsp; Sonic Automotive, Inc.144A | 4.63 | &nbsp;&nbsp; 11-15-2029 | 295000 | &nbsp;&nbsp; 289906 |
| &nbsp;&nbsp;&nbsp; Sonic Automotive, Inc.144A | 4.88 | &nbsp;&nbsp; 11-15-2031 | 695000 | &nbsp;&nbsp; 670127 |
|  |  |  |  | &nbsp;&nbsp; **9511033** |
| **Consumer, non-cyclical: 9.69%** |  |  |  |  |
| **Commercial services: 3.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ADT Security Corp.144A | 5.88 | &nbsp;&nbsp; 10-15-2033 | 340000 | &nbsp;&nbsp; 344675 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC144A | 7.88 | &nbsp;&nbsp; 2-15-2031 | 645000 | &nbsp;&nbsp; 678813 |
| &nbsp;&nbsp;&nbsp; Block, Inc. | 6.50 | &nbsp;&nbsp; 5-15-2032 | 895000 | &nbsp;&nbsp; 929863 |
| &nbsp;&nbsp;&nbsp; CoreCivic, Inc. | 8.25 | &nbsp;&nbsp; 4-15-2029 | 1495000 | &nbsp;&nbsp; 1565874 |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 8.63 | &nbsp;&nbsp; 4-15-2029 | 970000 | &nbsp;&nbsp; 1014361 |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 10.25 | &nbsp;&nbsp; 4-15-2031 | 845000 | &nbsp;&nbsp; 921996 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc.144A | 7.00 | &nbsp;&nbsp; 6-15-2030 | 885000 | &nbsp;&nbsp; 928863 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc.144A | 7.25 | &nbsp;&nbsp; 6-15-2033 | 495000 | &nbsp;&nbsp; 523864 |
| &nbsp;&nbsp;&nbsp; Sabre Financial Borrower LLC144A | 11.13 | &nbsp;&nbsp; 6-15-2029 | 685000 | &nbsp;&nbsp; 692782 |
| &nbsp;&nbsp;&nbsp; Service Corp. International | 5.75 | &nbsp;&nbsp; 10-15-2032 | 1055000 | &nbsp;&nbsp; 1071735 |
| &nbsp;&nbsp;&nbsp; Sotheby's/BidFair Holdings, Inc.144A | 5.88 | &nbsp;&nbsp; 6-1-2029 | 1200000 | &nbsp;&nbsp; 1150682 |
| &nbsp;&nbsp;&nbsp; Veritiv Operating Co.144A | 10.50 | &nbsp;&nbsp; 11-30-2030 | 670000 | &nbsp;&nbsp; 717401 |
|  |  |  |  | &nbsp;&nbsp; **10540909** |

---

See accompanying notes to portfolio of investments

Allspring Multi-Sector Income Fund \| 5

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Cosmetics/Personal Care: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Opal Bidco SAS (U.S. SOFR 3 Month+3.00%)± | 6.69<br> %<br>| &nbsp;&nbsp; 4-28-2032 | $997500 | &nbsp;&nbsp; **$996881** |
| **Food: 0.96%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New <br> Albertsons LP/Albertsons LLC144A<br>| 5.88 | &nbsp;&nbsp; 2-15-2028 | 565000 | &nbsp;&nbsp; 565167 |
| &nbsp;&nbsp;&nbsp; Lamb Weston Holdings, Inc.144A | 4.38 | &nbsp;&nbsp; 1-31-2032 | 570000 | &nbsp;&nbsp; 543048 |
| &nbsp;&nbsp;&nbsp; Performance Food Group, Inc.144A | 6.13 | &nbsp;&nbsp; 9-15-2032 | 495000 | &nbsp;&nbsp; 508394 |
| &nbsp;&nbsp;&nbsp; U.S. Foods, Inc.144A | 5.75 | &nbsp;&nbsp; 4-15-2033 | 1060000 | &nbsp;&nbsp; 1078328 |
|  |  |  |  | &nbsp;&nbsp; **2694937** |
| **Healthcare-services: 4.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc.144A | 5.25 | &nbsp;&nbsp; 5-15-2030 | 465000 | &nbsp;&nbsp; 438455 |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc.144A | 6.00 | &nbsp;&nbsp; 1-15-2029 | 580000 | &nbsp;&nbsp; 578434 |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc.144A | 6.88 | &nbsp;&nbsp; 4-15-2029 | 535000 | &nbsp;&nbsp; 491959 |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc.144A | 10.88 | &nbsp;&nbsp; 1-15-2032 | 400000 | &nbsp;&nbsp; 430615 |
| &nbsp;&nbsp;&nbsp; CommonSpirit Health (AG Insured) | 3.82 | &nbsp;&nbsp; 10-1-2049 | 750000 | &nbsp;&nbsp; 559410 |
| &nbsp;&nbsp;&nbsp; Concentra Health Services, Inc.144A | 6.88 | &nbsp;&nbsp; 7-15-2032 | 820000 | &nbsp;&nbsp; 858544 |
| &nbsp;&nbsp;&nbsp; DaVita, Inc.144A | 6.88 | &nbsp;&nbsp; 9-1-2032 | 1740000 | &nbsp;&nbsp; 1792273 |
| &nbsp;&nbsp;&nbsp; HCA, Inc. | 5.75 | &nbsp;&nbsp; 3-1-2035 | 1000000 | &nbsp;&nbsp; 1045757 |
| &nbsp;&nbsp;&nbsp; IQVIA, Inc.144A | 6.25 | &nbsp;&nbsp; 6-1-2032 | 285000 | &nbsp;&nbsp; 296101 |
| &nbsp;&nbsp;&nbsp; Molina Healthcare, Inc.144A | 6.25 | &nbsp;&nbsp; 1-15-2033 | 450000 | &nbsp;&nbsp; 453175 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC144A | 5.75 | &nbsp;&nbsp; 12-31-2030 | 103081 | &nbsp;&nbsp; 88134 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC (PIK at 0.75%)144A¥ | 6.75 | &nbsp;&nbsp; 3-31-2031 | 462601 | &nbsp;&nbsp; 388585 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC (PIK at 5.00%)144A¥ | 11.50 | &nbsp;&nbsp; 12-31-2030 | 270814 | &nbsp;&nbsp; 284355 |
| &nbsp;&nbsp;&nbsp; Pediatrix Medical Group, Inc.144A | 5.38 | &nbsp;&nbsp; 2-15-2030 | 665000 | &nbsp;&nbsp; 664951 |
| &nbsp;&nbsp;&nbsp; Radiology Partners, Inc.144A | 8.50 | &nbsp;&nbsp; 7-15-2032 | 700000 | &nbsp;&nbsp; 734979 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc.144A | 9.00 | &nbsp;&nbsp; 10-1-2030 | 1180000 | &nbsp;&nbsp; 1245457 |
| &nbsp;&nbsp;&nbsp; Surgery Center Holdings, Inc.144A | 7.25 | &nbsp;&nbsp; 4-15-2032 | 415000 | &nbsp;&nbsp; 417827 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. | 6.75 | &nbsp;&nbsp; 5-15-2031 | 1400000 | &nbsp;&nbsp; 1454114 |
|  |  |  |  | &nbsp;&nbsp; **12223125** |
| **Pharmaceuticals: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AdaptHealth LLC144A | 5.13 | &nbsp;&nbsp; 3-1-2030 | 775000 | &nbsp;&nbsp; 752606 |
| &nbsp;&nbsp;&nbsp; CVS Pass-Through Trust | 6.04 | &nbsp;&nbsp; 12-10-2028 | 158253 | &nbsp;&nbsp; 160348 |
|  |  |  |  | &nbsp;&nbsp; **912954** |
| **Energy: 6.92%** |  |  |  |  |
| **Energy-alternate sources: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Enviva Partners LP/Enviva Partners Finance Corp.144A♦† | 6.50 | &nbsp;&nbsp; 1-15-2026 | 2845000 | &nbsp;&nbsp; **0** |
| **Oil & gas: 1.55%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp.144A | 7.50 | &nbsp;&nbsp; 10-1-2029 | 430000 | &nbsp;&nbsp; 452487 |
| &nbsp;&nbsp;&nbsp; APA Corp. | 4.38 | &nbsp;&nbsp; 10-15-2028 | 750000 | &nbsp;&nbsp; 748159 |
| &nbsp;&nbsp;&nbsp; California Resources Corp.144A | 7.00 | &nbsp;&nbsp; 1-15-2034 | 295000 | &nbsp;&nbsp; 297562 |
| &nbsp;&nbsp;&nbsp; California Resources Corp.144A | 8.25 | &nbsp;&nbsp; 6-15-2029 | 895000 | &nbsp;&nbsp; 941343 |
| &nbsp;&nbsp;&nbsp; Caturus Energy LLC144A | 8.50 | &nbsp;&nbsp; 2-15-2030 | 210000 | &nbsp;&nbsp; 218953 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co.144A | 6.00 | &nbsp;&nbsp; 2-1-2031 | 565000 | &nbsp;&nbsp; 545638 |

---

See accompanying notes to portfolio of investments

6 \| Allspring Multi-Sector Income Fund

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Oil & gas**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nabors Industries, Inc.144A | 9.13<br> %<br>| &nbsp;&nbsp; 1-31-2030 | $700000 | &nbsp;&nbsp; $739221 |
| &nbsp;&nbsp;&nbsp; SM Energy Co.144A | 9.63 | &nbsp;&nbsp; 6-15-2033 | 400000 | &nbsp;&nbsp; 437475 |
|  |  |  |  | &nbsp;&nbsp; **4380838** |
| **Oil & gas services: 1.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock Partners Finance <br> Corp.144A<br>| 6.63 | &nbsp;&nbsp; 9-1-2032 | 710000 | &nbsp;&nbsp; 735984 |
| &nbsp;&nbsp;&nbsp; Bristow Group, Inc.144A | 6.75 | &nbsp;&nbsp; 2-1-2033 | 810000 | &nbsp;&nbsp; 819490 |
| &nbsp;&nbsp;&nbsp; Bristow Group, Inc.144A | 6.88 | &nbsp;&nbsp; 3-1-2028 | 1000000 | &nbsp;&nbsp; 1001059 |
| &nbsp;&nbsp;&nbsp; Oceaneering International, Inc. | 6.00 | &nbsp;&nbsp; 2-1-2028 | 520000 | &nbsp;&nbsp; 528364 |
| &nbsp;&nbsp;&nbsp; SESI LLC144A | 7.88 | &nbsp;&nbsp; 9-30-2030 | 465000 | &nbsp;&nbsp; 468871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression Finance <br> Corp.144A<br>| 6.25 | &nbsp;&nbsp; 10-1-2033 | 140000 | &nbsp;&nbsp; 141819 |
|  |  |  |  | &nbsp;&nbsp; **3695587** |
| **Pipelines: 4.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream Finance <br> Corp.144A<br>| 5.75 | &nbsp;&nbsp; 10-15-2033 | 410000 | &nbsp;&nbsp; 414472 |
| &nbsp;&nbsp;&nbsp; Boardwalk Pipelines LP | 4.80 | &nbsp;&nbsp; 5-3-2029 | 750000 | &nbsp;&nbsp; 760928 |
| &nbsp;&nbsp;&nbsp; Buckeye Partners LP144A | 6.88 | &nbsp;&nbsp; 7-1-2029 | 20000 | &nbsp;&nbsp; 20793 |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook Holdco LLC144A | 5.50 | &nbsp;&nbsp; 6-15-2031 | 960000 | &nbsp;&nbsp; 954644 |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook Holdco LLC144A | 7.50 | &nbsp;&nbsp; 12-15-2033 | 765000 | &nbsp;&nbsp; 822366 |
| &nbsp;&nbsp;&nbsp; Excelerate Energy LP144A | 8.00 | &nbsp;&nbsp; 5-15-2030 | 740000 | &nbsp;&nbsp; 791342 |
| &nbsp;&nbsp;&nbsp; Harvest Midstream I LP144A | 7.50 | &nbsp;&nbsp; 9-1-2028 | 825000 | &nbsp;&nbsp; 836338 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP144A | 5.50 | &nbsp;&nbsp; 10-15-2030 | 300000 | &nbsp;&nbsp; 303164 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP144A | 6.50 | &nbsp;&nbsp; 6-1-2029 | 175000 | &nbsp;&nbsp; 181126 |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings LP144A | 5.88 | &nbsp;&nbsp; 6-15-2030 | 600000 | &nbsp;&nbsp; 607162 |
| &nbsp;&nbsp;&nbsp; Prairie Acquiror LP144A | 9.00 | &nbsp;&nbsp; 8-1-2029 | 375000 | &nbsp;&nbsp; 388950 |
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC144A | 6.75 | &nbsp;&nbsp; 3-15-2033 | 300000 | &nbsp;&nbsp; 316437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance <br> Corp.144A<br>| 6.00 | &nbsp;&nbsp; 12-31-2030 | 1300000 | &nbsp;&nbsp; 1319208 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc.144A | 8.38 | &nbsp;&nbsp; 6-1-2031 | 650000 | &nbsp;&nbsp; 664830 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc.144A | 9.88 | &nbsp;&nbsp; 2-1-2032 | 820000 | &nbsp;&nbsp; 866983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture Global LNG, Inc. (5 Year Treasury Constant <br> Maturity+5.44%)144Aʊ±<br>| 9.00 | &nbsp;&nbsp; 9-30-2029 | 1300000 | &nbsp;&nbsp; 1143640 |
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC144A | 7.50 | &nbsp;&nbsp; 5-1-2033 | 985000 | &nbsp;&nbsp; 1079922 |
|  |  |  |  | &nbsp;&nbsp; **11472305** |
| **Financial: 12.67%** |  |  |  |  |
| **Banks: 1.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc. Series HH (5 Year Treasury Constant <br> Maturity+3.00%)ʊ±<br>| 6.63 | &nbsp;&nbsp; 2-15-2031 | 995000 | &nbsp;&nbsp; 1013183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc. Series X (5 Year Treasury Constant <br> Maturity+3.42%)ʊ±<br>| 3.88 | &nbsp;&nbsp; 2-18-2026 | 935000 | &nbsp;&nbsp; 933493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. Series U (5 Year <br> Treasury Constant Maturity+3.00%)ʊ±<br>| 6.00 | &nbsp;&nbsp; 5-15-2027 | 985000 | &nbsp;&nbsp; 991322 |

---

See accompanying notes to portfolio of investments

Allspring Multi-Sector Income Fund \| 7

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Santander Holdings USA, Inc. (U.S. SOFR+1.88%)± | 5.74<br> %<br>| &nbsp;&nbsp; 3-20-2031 | $500000 | &nbsp;&nbsp; $518729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co. (5 Year Treasury Constant <br> Maturity+2.77%)ʊ±<br>| 6.85 | &nbsp;&nbsp; 9-15-2029 | 955000 | &nbsp;&nbsp; 998781 |
|  |  |  |  | &nbsp;&nbsp; **4455508** |
| **Diversified financial services: 3.99%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Azorra Finance Ltd.144A | 7.25 | &nbsp;&nbsp; 1-15-2031 | 485000 | &nbsp;&nbsp; 507959 |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, Inc.144A | 9.25 | &nbsp;&nbsp; 4-1-2029 | 800000 | &nbsp;&nbsp; 838773 |
| &nbsp;&nbsp;&nbsp; EZCORP, Inc.144A | 7.38 | &nbsp;&nbsp; 4-1-2032 | 495000 | &nbsp;&nbsp; 527310 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc.144A | 6.13 | &nbsp;&nbsp; 11-1-2032 | 435000 | &nbsp;&nbsp; 443051 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc.144A | 6.75 | &nbsp;&nbsp; 5-1-2033 | 335000 | &nbsp;&nbsp; 348447 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc.144A | 7.13 | &nbsp;&nbsp; 4-30-2031 | 765000 | &nbsp;&nbsp; 804331 |
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC144A | 8.25 | &nbsp;&nbsp; 5-15-2030 | 295000 | &nbsp;&nbsp; 310824 |
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC144A | 9.50 | &nbsp;&nbsp; 2-15-2029 | 625000 | &nbsp;&nbsp; 655797 |
| &nbsp;&nbsp;&nbsp; Navient Corp. | 11.50 | &nbsp;&nbsp; 3-15-2031 | 595000 | &nbsp;&nbsp; 647223 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp. | 7.88 | &nbsp;&nbsp; 3-15-2030 | 955000 | &nbsp;&nbsp; 1007393 |
| &nbsp;&nbsp;&nbsp; PRA Group, Inc.144A | 5.00 | &nbsp;&nbsp; 10-1-2029 | 561000 | &nbsp;&nbsp; 513946 |
| &nbsp;&nbsp;&nbsp; Provident Funding Associates LP/PFG Finance Corp.144A | 9.75 | &nbsp;&nbsp; 9-15-2029 | 465000 | &nbsp;&nbsp; 487739 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc.144A | 6.13 | &nbsp;&nbsp; 8-1-2030 | 340000 | &nbsp;&nbsp; 348095 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc.144A | 6.50 | &nbsp;&nbsp; 8-1-2029 | 200000 | &nbsp;&nbsp; 205724 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc.144A | 7.13 | &nbsp;&nbsp; 2-1-2032 | 825000 | &nbsp;&nbsp; 862114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, <br> Inc.144A<br>| 4.00 | &nbsp;&nbsp; 10-15-2033 | 665000 | &nbsp;&nbsp; 610622 |
| &nbsp;&nbsp;&nbsp; Synchrony Financial | 5.15 | &nbsp;&nbsp; 3-19-2029 | 750000 | &nbsp;&nbsp; 761347 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC144A | 5.50 | &nbsp;&nbsp; 4-15-2029 | 1100000 | &nbsp;&nbsp; 1086805 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC144A | 6.25 | &nbsp;&nbsp; 3-15-2031 | 295000 | &nbsp;&nbsp; 293136 |
|  |  |  |  | &nbsp;&nbsp; **11260636** |
| **Insurance: 3.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-<br> Issuer144A<br>| 7.38 | &nbsp;&nbsp; 10-1-2032 | 1550000 | &nbsp;&nbsp; 1604586 |
| &nbsp;&nbsp;&nbsp; AmWINS Group, Inc.144A | 6.38 | &nbsp;&nbsp; 2-15-2029 | 530000 | &nbsp;&nbsp; 543823 |
| &nbsp;&nbsp;&nbsp; Assurant, Inc. | 3.70 | &nbsp;&nbsp; 2-22-2030 | 750000 | &nbsp;&nbsp; 728440 |
| &nbsp;&nbsp;&nbsp; Asurion LLC & Asurion Co-Issuer, Inc.144A | 8.00 | &nbsp;&nbsp; 12-31-2032 | 285000 | &nbsp;&nbsp; 297769 |
| &nbsp;&nbsp;&nbsp; Asurion LLC & Asurion Co-Issuer, Inc.144A | 8.38 | &nbsp;&nbsp; 2-1-2034 | 790000 | &nbsp;&nbsp; 798658 |
| &nbsp;&nbsp;&nbsp; Athene Holding Ltd. | 4.13 | &nbsp;&nbsp; 1-12-2028 | 750000 | &nbsp;&nbsp; 749922 |
| &nbsp;&nbsp;&nbsp; Brighthouse Financial, Inc. | 4.70 | &nbsp;&nbsp; 6-22-2047 | 850000 | &nbsp;&nbsp; 627321 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd.144A | 5.63 | &nbsp;&nbsp; 12-1-2029 | 415000 | &nbsp;&nbsp; 414565 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd.144A | 7.25 | &nbsp;&nbsp; 6-15-2030 | 135000 | &nbsp;&nbsp; 140853 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd.144A | 7.38 | &nbsp;&nbsp; 1-31-2032 | 1000000 | &nbsp;&nbsp; 1047506 |
| &nbsp;&nbsp;&nbsp; Liberty Mutual Group, Inc.144A | 4.57 | &nbsp;&nbsp; 2-1-2029 | 750000 | &nbsp;&nbsp; 754437 |
| &nbsp;&nbsp;&nbsp; MetLife, Inc. | 6.40 | &nbsp;&nbsp; 12-15-2036 | 1000000 | &nbsp;&nbsp; 1049350 |
| &nbsp;&nbsp;&nbsp; Prudential Financial, Inc. (U.S. SOFR 3 Month+2.38%)± | 4.50 | &nbsp;&nbsp; 9-15-2047 | 750000 | &nbsp;&nbsp; 741058 |
| &nbsp;&nbsp;&nbsp; Sammons Financial Group, Inc.144A | 4.45 | &nbsp;&nbsp; 5-12-2027 | 750000 | &nbsp;&nbsp; 750275 |
|  |  |  |  | &nbsp;&nbsp; **10248563** |

---

See accompanying notes to portfolio of investments

8 \| Allspring Multi-Sector Income Fund

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Investment Companies: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Golub Capital Private Credit Fund BDC | 5.88<br> %<br>| &nbsp;&nbsp; 5-1-2030 | $500000 | &nbsp;&nbsp; $505648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure Capital, Inc. (5 Year Treasury <br> Constant Maturity+4.30%)±<br>| 8.00 | &nbsp;&nbsp; 6-1-2056 | 475000 | &nbsp;&nbsp; 498275 |
|  |  |  |  | &nbsp;&nbsp; **1003923** |
| **REITs: 3.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc.144A | 7.75 | &nbsp;&nbsp; 12-1-2029 | 600000 | &nbsp;&nbsp; 643152 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 6.13 | &nbsp;&nbsp; 1-15-2031 | 345000 | &nbsp;&nbsp; 334269 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 8.88 | &nbsp;&nbsp; 4-12-2029 | 455000 | &nbsp;&nbsp; 488867 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc.144A | 4.50 | &nbsp;&nbsp; 2-15-2031 | 1330000 | &nbsp;&nbsp; 1270971 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc.144A | 5.25 | &nbsp;&nbsp; 7-15-2030 | 1455000 | &nbsp;&nbsp; 1440738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital <br> Finance Corp.144A<br>| 7.00 | &nbsp;&nbsp; 7-15-2031 | 1020000 | &nbsp;&nbsp; 1082101 |
| &nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc. | 4.50 | &nbsp;&nbsp; 4-1-2027 | 600000 | &nbsp;&nbsp; 601754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic <br> Property LLC/PK Finance Co-Issuer144A<br>| 7.00 | &nbsp;&nbsp; 2-1-2030 | 440000 | &nbsp;&nbsp; 453318 |
| &nbsp;&nbsp;&nbsp; Piedmont Operating Partnership LP | 2.75 | &nbsp;&nbsp; 4-1-2032 | 350000 | &nbsp;&nbsp; 302591 |
| &nbsp;&nbsp;&nbsp; RHP Hotel Properties LP/RHP Finance Corp.144A | 6.50 | &nbsp;&nbsp; 6-15-2033 | 505000 | &nbsp;&nbsp; 523479 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc.144A | 6.50 | &nbsp;&nbsp; 7-1-2030 | 850000 | &nbsp;&nbsp; 885160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Fiber Holdings, Inc./CSL <br> Capital LLC144A<br>| 6.00 | &nbsp;&nbsp; 1-15-2030 | 270000 | &nbsp;&nbsp; 257155 |
| &nbsp;&nbsp;&nbsp; Vornado Realty LP | 5.75 | &nbsp;&nbsp; 2-1-2033 | 530000 | &nbsp;&nbsp; 536059 |
|  |  |  |  | &nbsp;&nbsp; **8819614** |
| **Industrial: 5.56%** |  |  |  |  |
| **Aerospace/defense: 0.75%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TransDigm, Inc.144A | 6.63 | &nbsp;&nbsp; 3-1-2032 | 2035000 | &nbsp;&nbsp; **2104135** |
| **Building materials: 1.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Camelot Return Merger Sub, Inc.144A | 8.75 | &nbsp;&nbsp; 8-1-2028 | 720000 | &nbsp;&nbsp; 559695 |
| &nbsp;&nbsp;&nbsp; CP Atlas Buyer, Inc.144A | 9.75 | &nbsp;&nbsp; 7-15-2030 | 275000 | &nbsp;&nbsp; 286036 |
| &nbsp;&nbsp;&nbsp; EMRLD Borrower LP/Emerald Co-Issuer, Inc.144A | 6.63 | &nbsp;&nbsp; 12-15-2030 | 1030000 | &nbsp;&nbsp; 1066129 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc.144A | 6.38 | &nbsp;&nbsp; 3-1-2032 | 245000 | &nbsp;&nbsp; 254088 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc.144A | 6.75 | &nbsp;&nbsp; 3-1-2033 | 535000 | &nbsp;&nbsp; 555794 |
| &nbsp;&nbsp;&nbsp; Standard Building Solutions, Inc.144A | 6.25 | &nbsp;&nbsp; 8-1-2033 | 410000 | &nbsp;&nbsp; 419084 |
|  |  |  |  | &nbsp;&nbsp; **3140826** |
| **Electrical components & equipment: 0.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Energizer Holdings, Inc.144A | 4.38 | &nbsp;&nbsp; 3-31-2029 | 800000 | &nbsp;&nbsp; 768386 |
| &nbsp;&nbsp;&nbsp; WESCO Distribution, Inc.144A | 6.63 | &nbsp;&nbsp; 3-15-2032 | 1015000 | &nbsp;&nbsp; 1060568 |
|  |  |  |  | &nbsp;&nbsp; **1828954** |
| **Electronics: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Keysight Technologies, Inc. | 4.60 | &nbsp;&nbsp; 4-6-2027 | 600000 | &nbsp;&nbsp; 603195 |
| &nbsp;&nbsp;&nbsp; Sensata Technologies, Inc.144A | 6.63 | &nbsp;&nbsp; 7-15-2032 | 300000 | &nbsp;&nbsp; 313393 |
|  |  |  |  | &nbsp;&nbsp; **916588** |
| **Environmental control: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clean Harbors, Inc.144A | 6.38 | &nbsp;&nbsp; 2-1-2031 | 615000 | &nbsp;&nbsp; **629721** |

---

See accompanying notes to portfolio of investments

Allspring Multi-Sector Income Fund \| 9

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Machinery-diversified: 0.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc.144A | 7.50<br> %<br>| &nbsp;&nbsp; 1-1-2030 | $300000 | &nbsp;&nbsp; $312140 |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc.144A | 9.50 | &nbsp;&nbsp; 1-1-2031 | 510000 | &nbsp;&nbsp; 536931 |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc.144A | 5.25 | &nbsp;&nbsp; 7-15-2027 | 420000 | &nbsp;&nbsp; 420122 |
|  |  |  |  | &nbsp;&nbsp; **1269193** |
| **Miscellaneous manufacturing: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 4.75 | &nbsp;&nbsp; 4-15-2029 | 500000 | &nbsp;&nbsp; 499622 |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 5.95 | &nbsp;&nbsp; 6-15-2030 | 510000 | &nbsp;&nbsp; 520399 |
|  |  |  |  | &nbsp;&nbsp; **1020021** |
| **Packaging & containers: 0.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc.144A | 6.88 | &nbsp;&nbsp; 1-15-2030 | 285000 | &nbsp;&nbsp; 288705 |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc.144A | 8.75 | &nbsp;&nbsp; 4-15-2030 | 930000 | &nbsp;&nbsp; 930666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co. (U.S. SOFR 1 <br> Month+3.50%)±<br>| 7.23 | &nbsp;&nbsp; 4-15-2030 | 635000 | &nbsp;&nbsp; 618560 |
|  |  |  |  | &nbsp;&nbsp; **1837931** |
| **Transportation: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Genesee & Wyoming, Inc.144A | 6.25 | &nbsp;&nbsp; 4-15-2032 | 780000 | &nbsp;&nbsp; **802986** |
| **Trucking & leasing: 0.76%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC144A | 5.50 | &nbsp;&nbsp; 5-1-2028 | 700000 | &nbsp;&nbsp; 700673 |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC144A | 7.00 | &nbsp;&nbsp; 5-1-2031 | 1000000 | &nbsp;&nbsp; 1052168 |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC144A | 7.00 | &nbsp;&nbsp; 6-15-2032 | 365000 | &nbsp;&nbsp; 384139 |
|  |  |  |  | &nbsp;&nbsp; **2136980** |
| **Technology: 3.77%** |  |  |  |  |
| **Computers: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dell International LLC/EMC Corp. | 6.02 | &nbsp;&nbsp; 6-15-2026 | 107000 | &nbsp;&nbsp; 107311 |
| &nbsp;&nbsp;&nbsp; Diebold Nixdorf, Inc.144A | 7.75 | &nbsp;&nbsp; 3-31-2030 | 740000 | &nbsp;&nbsp; 783715 |
| &nbsp;&nbsp;&nbsp; Insight Enterprises, Inc.144A | 6.63 | &nbsp;&nbsp; 5-15-2032 | 470000 | &nbsp;&nbsp; 481137 |
|  |  |  |  | &nbsp;&nbsp; **1372163** |
| **Office/business equipment: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Zebra Technologies Corp.144A | 6.50 | &nbsp;&nbsp; 6-1-2032 | 775000 | &nbsp;&nbsp; **798278** |
| **Semiconductors: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Broadcom Corp./Broadcom Cayman Finance Ltd. | 3.50 | &nbsp;&nbsp; 1-15-2028 | 750000 | &nbsp;&nbsp; **745097** |
| **Software: 2.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc.144A | 6.50 | &nbsp;&nbsp; 2-15-2030 | 500000 | &nbsp;&nbsp; 484922 |
| &nbsp;&nbsp;&nbsp; Central Parent, Inc./CDK Global, Inc.144A | 7.25 | &nbsp;&nbsp; 6-15-2029 | 230000 | &nbsp;&nbsp; 176247 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 8.25 | &nbsp;&nbsp; 6-30-2032 | 1035000 | &nbsp;&nbsp; 1052681 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 9.00 | &nbsp;&nbsp; 9-30-2029 | 1865000 | &nbsp;&nbsp; 1883224 |
| &nbsp;&nbsp;&nbsp; CoreWeave, Inc.144A | 9.00 | &nbsp;&nbsp; 2-1-2031 | 860000 | &nbsp;&nbsp; 836142 |
| &nbsp;&nbsp;&nbsp; Ellucian Holdings, Inc.144A | 6.50 | &nbsp;&nbsp; 12-1-2029 | 760000 | &nbsp;&nbsp; 747881 |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc.144A | 6.50 | &nbsp;&nbsp; 2-15-2029 | 205000 | &nbsp;&nbsp; 182671 |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc.144A | 9.00 | &nbsp;&nbsp; 11-28-2028 | 725000 | &nbsp;&nbsp; 723190 |

---

See accompanying notes to portfolio of investments

10 \| Allspring Multi-Sector Income Fund

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Software**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; SS&C Technologies, Inc.144A | 6.50<br> %<br>| &nbsp;&nbsp; 6-1-2032 | $850000 | &nbsp;&nbsp; $877560 |
| &nbsp;&nbsp;&nbsp; VMware LLC | 3.90 | &nbsp;&nbsp; 8-21-2027 | 750000 | &nbsp;&nbsp; 750179 |
|  |  |  |  | &nbsp;&nbsp; **7714697** |
| **Utilities: 3.73%** |  |  |  |  |
| **Electric: 3.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AES Corp. (5 Year Treasury Constant Maturity+2.89%)± | 6.95 | &nbsp;&nbsp; 7-15-2055 | 425000 | &nbsp;&nbsp; 415472 |
| &nbsp;&nbsp;&nbsp; AES Corp. (5 Year Treasury Constant Maturity+3.20%)± | 7.60 | &nbsp;&nbsp; 1-15-2055 | 560000 | &nbsp;&nbsp; 567803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Corp. (5 Year Treasury Constant <br> Maturity+2.59%)±<br>| 6.45 | &nbsp;&nbsp; 9-1-2054 | 930000 | &nbsp;&nbsp; 972997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edison International (5 Year Treasury Constant <br> Maturity+3.86%)±<br>| 8.13 | &nbsp;&nbsp; 6-15-2053 | 670000 | &nbsp;&nbsp; 693370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUSHI Finance, Inc. (5 Year Treasury Constant <br> Maturity+3.14%)±<br>| 7.63 | &nbsp;&nbsp; 12-15-2054 | 945000 | &nbsp;&nbsp; 993939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pattern Energy Operations LP/Pattern Energy Operations, <br> Inc.144A<br>| 4.50 | &nbsp;&nbsp; 8-15-2028 | 1385000 | &nbsp;&nbsp; 1371667 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. | 5.25 | &nbsp;&nbsp; 7-1-2030 | 1075000 | &nbsp;&nbsp; 1068486 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. (5 Year Treasury Constant Maturity+3.88%)± | 7.38 | &nbsp;&nbsp; 3-15-2055 | 985000 | &nbsp;&nbsp; 1016568 |
| &nbsp;&nbsp;&nbsp; Sempra (5 Year Treasury Constant Maturity+2.87%)± | 4.13 | &nbsp;&nbsp; 4-1-2052 | 510000 | &nbsp;&nbsp; 505271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Corp. (5 Year Treasury Constant <br> Maturity+5.74%)144Aʊ±<br>| 7.00 | &nbsp;&nbsp; 12-15-2026 | 505000 | &nbsp;&nbsp; 512638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Corp. Series C (5 Year Treasury Constant <br> Maturity+5.05%)144Aʊ±<br>| 8.88 | &nbsp;&nbsp; 1-15-2029 | 600000 | &nbsp;&nbsp; 658781 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 7.75 | &nbsp;&nbsp; 10-15-2031 | 690000 | &nbsp;&nbsp; 730104 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP144A | 7.25 | &nbsp;&nbsp; 1-15-2029 | 1005000 | &nbsp;&nbsp; 1037043 |
|  |  |  |  | &nbsp;&nbsp; **10544139** |
| **Total corporate bonds and notes (Cost $173,944,742)** |  |  |  | &nbsp;&nbsp; **176719788** |
| **Foreign corporate bonds and notes: 11.71%** |  |  |  |  |
| **Financial: 0.38%** |  |  |  |  |
| **Banks: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kreditanstalt fuer Wiederaufbau | 5.80 | &nbsp;&nbsp; 1-19-2028 | 17500000 | &nbsp;&nbsp; **1064952** |
| **Government securities: 11.33%** |  |  |  |  |
| **Multi-national: 11.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Asian Development Bank | 6.00 | &nbsp;&nbsp; 2-5-2026 | 9000000 | &nbsp;&nbsp; 1704660 |
| &nbsp;&nbsp;&nbsp; Asian Infrastructure Investment Bank | 6.00 | &nbsp;&nbsp; 12-8-2031 | 185000000 | &nbsp;&nbsp; 1889670 |
| &nbsp;&nbsp;&nbsp; Asian Infrastructure Investment Bank | 7.20 | &nbsp;&nbsp; 7-2-2031 | 175000000 | &nbsp;&nbsp; 1892920 |
| &nbsp;&nbsp;&nbsp; European Bank for Reconstruction & Development | 6.30 | &nbsp;&nbsp; 10-26-2027 | 185000000 | &nbsp;&nbsp; 1992841 |
| &nbsp;&nbsp;&nbsp; European Investment Bank | 6.50 | &nbsp;&nbsp; 9-28-2032 | 63500000 | &nbsp;&nbsp; 3825158 |
| &nbsp;&nbsp;&nbsp; European Investment Bank | 7.25 | &nbsp;&nbsp; 1-23-2030 | 45500000 | &nbsp;&nbsp; 2877224 |
| &nbsp;&nbsp;&nbsp; European Investment Bank | 8.00 | &nbsp;&nbsp; 5-5-2027 | 49000000 | &nbsp;&nbsp; 3037865 |
| &nbsp;&nbsp;&nbsp; Inter-American Development Bank | 7.00 | &nbsp;&nbsp; 4-17-2033 | 213000000 | &nbsp;&nbsp; 2282465 |
| &nbsp;&nbsp;&nbsp; Inter-American Development Bank | 7.35 | &nbsp;&nbsp; 10-6-2030 | 176000000 | &nbsp;&nbsp; 1926055 |
| &nbsp;&nbsp;&nbsp; International Bank for Reconstruction & Development | 5.75 | &nbsp;&nbsp; 1-14-2028 | 15000000 | &nbsp;&nbsp; 2572752 |
| &nbsp;&nbsp;&nbsp; International Bank for Reconstruction & Development | 9.50 | &nbsp;&nbsp; 2-9-2029 | 22000000 | &nbsp;&nbsp; 3983640 |
| &nbsp;&nbsp;&nbsp; International Finance Corp. | 9.00 | &nbsp;&nbsp; 1-22-2036 | 16000000 | &nbsp;&nbsp; 1084929 |

---

See accompanying notes to portfolio of investments

Allspring Multi-Sector Income Fund \| 11

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Multi-national**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; International Finance Corp. | 10.00<br> %<br>| &nbsp;&nbsp; 2-3-2027 | 7800000 | &nbsp;&nbsp; $1448677 |
| &nbsp;&nbsp;&nbsp; International Finance Corp. | 10.75 | &nbsp;&nbsp; 2-15-2028 | 8000000 | &nbsp;&nbsp; 1500797 |
|  |  |  |  | &nbsp;&nbsp; **32019653** |
| **Total foreign corporate bonds and notes (Cost $33,200,276)** |  |  |  | &nbsp;&nbsp; **33084605** |
| **Foreign government bonds: 19.54%** |  |  |  |  |
| **Colombia: 4.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Colombia TES | 6.00 | &nbsp;&nbsp; 4-28-2028 | 9000000000 | &nbsp;&nbsp; 2140803 |
| &nbsp;&nbsp;&nbsp; Colombia TES | 7.75 | &nbsp;&nbsp; 9-18-2030 | 17000000000 | &nbsp;&nbsp; 3797437 |
| &nbsp;&nbsp;&nbsp; Colombia TES | 13.25 | &nbsp;&nbsp; 2-9-2033 | 20100000000 | &nbsp;&nbsp; 5558042 |
|  |  |  |  | &nbsp;&nbsp; **11496282** |
| **Hungary: 1.82%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Hungary | 6.75 | &nbsp;&nbsp; 10-22-2028 | 1630000000 | &nbsp;&nbsp; **5142274** |
| **Indonesia: 3.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Indonesia | 6.63 | &nbsp;&nbsp; 2-15-2034 | 30000000000 | &nbsp;&nbsp; 1812333 |
| &nbsp;&nbsp;&nbsp; Indonesia | 7.00 | &nbsp;&nbsp; 9-15-2030 | 115000000000 | &nbsp;&nbsp; 7152815 |
|  |  |  |  | &nbsp;&nbsp; **8965148** |
| **Mexico: 4.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mexico | 7.50 | &nbsp;&nbsp; 5-26-2033 | 68500000 | &nbsp;&nbsp; 3699886 |
| &nbsp;&nbsp;&nbsp; Mexico | 7.75 | &nbsp;&nbsp; 5-29-2031 | 85000000 | &nbsp;&nbsp; 4747422 |
| &nbsp;&nbsp;&nbsp; Mexico | 8.00 | &nbsp;&nbsp; 7-31-2053 | 33500000 | &nbsp;&nbsp; 1672910 |
| &nbsp;&nbsp;&nbsp; Mexico | 8.50 | &nbsp;&nbsp; 5-31-2029 | 58000000 | &nbsp;&nbsp; 3370877 |
|  |  |  |  | &nbsp;&nbsp; **13491095** |
| **New Zealand: 1.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New Zealand | 4.25 | &nbsp;&nbsp; 5-15-2034 | 6150000 | &nbsp;&nbsp; **3653925** |
| **Romania: 3.79%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Romania | 5.00 | &nbsp;&nbsp; 2-12-2029 | 15800000 | &nbsp;&nbsp; 3563460 |
| &nbsp;&nbsp;&nbsp; Romania | 7.20 | &nbsp;&nbsp; 10-30-2033 | 14850000 | &nbsp;&nbsp; 3570227 |
| &nbsp;&nbsp;&nbsp; Romania | 7.35 | &nbsp;&nbsp; 4-28-2031 | 14750000 | &nbsp;&nbsp; 3582489 |
|  |  |  |  | &nbsp;&nbsp; **10716176** |
| **United Kingdom: 0.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.K. Gilts | 3.75 | &nbsp;&nbsp; 10-22-2053 | 1625000 | &nbsp;&nbsp; **1727046** |
| **Total foreign government bonds (Cost $53,543,786)** |  |  |  | &nbsp;&nbsp; **55191946** |
| **Loans: 16.33%** |  |  |  |  |
| **Basic materials: 0.35%** |  |  |  |  |
| **Chemicals: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chemours Co. (U.S. SOFR 1 Month+3.50%)± | 7.17 | &nbsp;&nbsp; 10-15-2032 | $1000000 | &nbsp;&nbsp; **992500** |

---

See accompanying notes to portfolio of investments

12 \| Allspring Multi-Sector Income Fund

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Communications: 2.09%** |  |  |  |  |
| **Advertising: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc. (U.S. SOFR 1 <br> Month+4.00%)±<br>| 7.79<br> %<br>| &nbsp;&nbsp; 8-23-2028 | $1000000 | &nbsp;&nbsp; **$999110** |
| **Internet: 0.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arches Buyer, Inc. (U.S. SOFR 1 Month+3.25%)± | 7.02 | &nbsp;&nbsp; 12-6-2027 | 1362317 | &nbsp;&nbsp; 1355751 |
| &nbsp;&nbsp;&nbsp; Cablevision Lightpath LLC (U.S. SOFR 1 Month+3.00%)± | 6.68 | &nbsp;&nbsp; 11-30-2027 | 598950 | &nbsp;&nbsp; 597704 |
|  |  |  |  | &nbsp;&nbsp; **1953455** |
| **Media: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC (U.S. SOFR 3 Month+5.00%)± | 8.93 | &nbsp;&nbsp; 8-2-2027 | 30650 | &nbsp;&nbsp; 30661 |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC (U.S. SOFR 3 Month+5.25%)± | 9.18 | &nbsp;&nbsp; 8-2-2029 | 865420 | &nbsp;&nbsp; 865420 |
| &nbsp;&nbsp;&nbsp; EW Scripps Co. (U.S. SOFR 1 Month+5.75%)± | 9.54 | &nbsp;&nbsp; 6-30-2028 | 332958 | &nbsp;&nbsp; 335595 |
| &nbsp;&nbsp;&nbsp; Gray Television, Inc. (U.S. SOFR 1 Month+3.00%)± | 6.81 | &nbsp;&nbsp; 12-1-2028 | 250000 | &nbsp;&nbsp; 248705 |
|  |  |  |  | &nbsp;&nbsp; **1480381** |
| **Telecommunications: 0.52%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Connect Finco Sarl (U.S. SOFR 1 Month+4.50%)± | 8.17 | &nbsp;&nbsp; 9-27-2029 | 626810 | &nbsp;&nbsp; 623833 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc. (U.S. SOFR 1 Month+2.35%)± | 6.14 | &nbsp;&nbsp; 4-15-2030 | 833594 | &nbsp;&nbsp; 830885 |
|  |  |  |  | &nbsp;&nbsp; **1454718** |
| **Consumer, cyclical: 2.72%** |  |  |  |  |
| **Airlines: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vista Management Holding, Inc. (U.S. SOFR 3 <br> Month+3.75%)±<br>| 7.41 | &nbsp;&nbsp; 4-1-2031 | 301950 | &nbsp;&nbsp; **302327** |
| **Auto parts & equipment: 0.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc. (U.S. SOFR 1 <br> Month+3.25%)±<br>| 6.91 | &nbsp;&nbsp; 2-24-2032 | 1235000 | &nbsp;&nbsp; **1236544** |
| **Entertainment: 0.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cinemark USA, Inc. (U.S. SOFR 1 Month+2.25%)± | 5.92 | &nbsp;&nbsp; 5-24-2030 | 661486 | &nbsp;&nbsp; 661844 |
| &nbsp;&nbsp;&nbsp; Crown Finance U.S., Inc. (U.S. SOFR 1 Month+4.50%)± | 8.19 | &nbsp;&nbsp; 12-2-2031 | 1321684 | &nbsp;&nbsp; 1285839 |
|  |  |  |  | &nbsp;&nbsp; **1947683** |
| **Housewares: 0.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Greetings Corp. (U.S. SOFR 1 Month+5.75%)± | 9.42 | &nbsp;&nbsp; 10-30-2029 | 1191840 | &nbsp;&nbsp; **1178432** |
| **Leisure time: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sabre Global, Inc. (U.S. SOFR 1 Month+6.25%)± | 10.02 | &nbsp;&nbsp; 7-30-2029 | 432257 | &nbsp;&nbsp; **335358** |
| **Retail: 0.95%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LSF9 Atlantis Holdings LLC (U.S. SOFR 3 Month+3.75%)‡± | 7.42 | &nbsp;&nbsp; 3-29-2029 | 875000 | &nbsp;&nbsp; 874458 |
| &nbsp;&nbsp;&nbsp; Michaels Cos., Inc. (U.S. SOFR 3 Month+4.25%)± | 8.18 | &nbsp;&nbsp; 4-17-2028 | 763003 | &nbsp;&nbsp; 755121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., Inc. (U.S. SOFR 3 <br> Month+3.25%)±<br>| 7.18 | &nbsp;&nbsp; 3-3-2028 | 385519 | &nbsp;&nbsp; 384509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., Inc. (U.S. SOFR 1 <br> Month+4.25%)±<br>| 7.92 | &nbsp;&nbsp; 1-22-2031 | 690000 | &nbsp;&nbsp; 673612 |
|  |  |  |  | &nbsp;&nbsp; **2687700** |

---

See accompanying notes to portfolio of investments

Allspring Multi-Sector Income Fund \| 13

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Consumer, non-cyclical: 3.16%** |  |  |  |  |
| **Commercial services: 1.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC (U.S. SOFR 1 Month+3.25%)± | 6.92<br> %<br>| &nbsp;&nbsp; 8-20-2032 | $997500 | &nbsp;&nbsp; $998478 |
| &nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC (U.S. SOFR 1 Month+2.50%)± | 6.17 | &nbsp;&nbsp; 7-16-2032 | 497500 | &nbsp;&nbsp; 496256 |
| &nbsp;&nbsp;&nbsp; Hertz Corp. (U.S. SOFR 1 Month+3.50%)± | 7.29 | &nbsp;&nbsp; 6-30-2028 | 743498 | &nbsp;&nbsp; 631973 |
| &nbsp;&nbsp;&nbsp; Veritiv Corp. (U.S. SOFR 3 Month+4.00%)± | 7.67 | &nbsp;&nbsp; 12-2-2030 | 746850 | &nbsp;&nbsp; 730046 |
|  |  |  |  | &nbsp;&nbsp; **2856753** |
| **Healthcare-products: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corp. (U.S. SOFR 1 Month+3.75%)± | 7.42 | &nbsp;&nbsp; 1-15-2031 | 837650 | &nbsp;&nbsp; 842885 |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP (U.S. SOFR 1 Month+1.75%)± | 5.42 | &nbsp;&nbsp; 10-23-2028 | 199478 | &nbsp;&nbsp; 199953 |
|  |  |  |  | &nbsp;&nbsp; **1042838** |
| **Healthcare-services: 1.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ModivCare Buyer LLC (U.S. SOFR 3 Month+5.00%)± | 8.69 | &nbsp;&nbsp; 12-30-2032 | 645289 | &nbsp;&nbsp; 594472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC (U.S. SOFR 3 <br> Month+3.75%)±<br>| 7.42 | &nbsp;&nbsp; 12-31-2030 | 645498 | &nbsp;&nbsp; 643078 |
| &nbsp;&nbsp;&nbsp; Radiology Partners, Inc. (U.S. SOFR 3 Month+4.50%)± | 8.17 | &nbsp;&nbsp; 6-30-2032 | 997500 | &nbsp;&nbsp; 997320 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc. (U.S. SOFR 3 Month+4.00%)± | 7.67 | &nbsp;&nbsp; 9-27-2030 | 1301812 | &nbsp;&nbsp; 1302047 |
|  |  |  |  | &nbsp;&nbsp; **3536917** |
| **Pharmaceuticals: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Endo Luxembourg Finance Co. I Sarl (U.S. SOFR 1 <br> Month+3.75%)±<br>| 7.42 | &nbsp;&nbsp; 4-23-2031 | 1481250 | &nbsp;&nbsp; **1481709** |
| **Energy: 0.85%** |  |  |  |  |
| **Pipelines: 0.85%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AL NGPL Holdings LLC (U.S. SOFR 3 Month+2.25%)± | 5.90 | &nbsp;&nbsp; 12-9-2030 | 1159054 | &nbsp;&nbsp; 1160015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NorthRiver Midstream Finance LP (U.S. SOFR 3 <br> Month+2.25%)±<br>| 5.91 | &nbsp;&nbsp; 8-16-2030 | 99471 | &nbsp;&nbsp; 99518 |
| &nbsp;&nbsp;&nbsp; Prairie Acquiror LP (U.S. SOFR 1 Month+3.75%)± | 7.42 | &nbsp;&nbsp; 8-1-2029 | 1129459 | &nbsp;&nbsp; 1129222 |
|  |  |  |  | &nbsp;&nbsp; **2388755** |
| **Financial: 2.18%** |  |  |  |  |
| **Diversified financial services: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orion Advisor Solutions, Inc. (U.S. SOFR 3 <br> Month+2.75%)±<br>| 6.42 | &nbsp;&nbsp; 9-24-2030 | 1000000 | &nbsp;&nbsp; **995630** |
| **Insurance: 1.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Asurion LLC (U.S. SOFR 1 Month+4.25%)± | 7.92 | &nbsp;&nbsp; 9-19-2030 | 1722040 | &nbsp;&nbsp; 1723263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings LLC (U.S. SOFR 1 <br> Month+2.50%)±<br>| 6.18 | &nbsp;&nbsp; 5-26-2031 | 248750 | &nbsp;&nbsp; 247300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadstreet Partners Group LLC (U.S. SOFR 1 <br> Month+2.75%)±<br>| 6.42 | &nbsp;&nbsp; 6-13-2031 | 867876 | &nbsp;&nbsp; 862253 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd. (U.S. SOFR 3 Month+2.25%)± | 5.92 | &nbsp;&nbsp; 6-20-2030 | 913941 | &nbsp;&nbsp; 913191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truist Insurance Holdings LLC (U.S. SOFR 3 <br> Month+4.75%)±<br>| 8.42 | &nbsp;&nbsp; 5-6-2032 | 276316 | &nbsp;&nbsp; 277006 |
|  |  |  |  | &nbsp;&nbsp; **4023013** |

---

See accompanying notes to portfolio of investments

14 \| Allspring Multi-Sector Income Fund

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **REITs: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc. (U.S. SOFR 1 <br> Month+2.50%)±<br>| 6.17<br> %<br>| &nbsp;&nbsp; 12-10-2030 | $238317 | &nbsp;&nbsp; $238019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc. (U.S. SOFR 1 <br> Month+1.75%)‡±<br>| 5.42 | &nbsp;&nbsp; 11-18-2027 | 907189 | &nbsp;&nbsp; 904921 |
|  |  |  |  | &nbsp;&nbsp; **1142940** |
| **Industrial: 3.04%** |  |  |  |  |
| **Aerospace/defense: 1.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azorra Soar TLB Finance Ltd. (U.S. SOFR 3 <br> Month+2.75%)±<br>| 6.47 | &nbsp;&nbsp; 10-18-2029 | 1989936 | &nbsp;&nbsp; 1997398 |
| &nbsp;&nbsp;&nbsp; Karman Holdings, Inc. (U.S. SOFR 1 Month+2.75%)± | 6.42 | &nbsp;&nbsp; 4-1-2032 | 500000 | &nbsp;&nbsp; 500940 |
| &nbsp;&nbsp;&nbsp; TransDigm, Inc. (U.S. SOFR 1 Month+2.25%)± | 5.92 | &nbsp;&nbsp; 3-22-2030 | 994981 | &nbsp;&nbsp; 993867 |
|  |  |  |  | &nbsp;&nbsp; **3492205** |
| **Building materials: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CP Atlas Buyer, Inc. (U.S. SOFR 1 Month+5.25%)± | 8.92 | &nbsp;&nbsp; 7-8-2030 | 498750 | &nbsp;&nbsp; 489045 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc. (U.S. SOFR 1 Month+2.25%)± | 5.92 | &nbsp;&nbsp; 2-10-2032 | 352338 | &nbsp;&nbsp; 352073 |
|  |  |  |  | &nbsp;&nbsp; **841118** |
| **Environmental control: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; MIP V Waste Holdings LLC (U.S. SOFR 3 Month+2.75%)‡± | 6.42 | &nbsp;&nbsp; 8-20-2032 | 578563 | &nbsp;&nbsp; **578563** |
| **Machinery-diversified: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc. (U.S. SOFR 6 Month+2.75%)± | 6.38 | &nbsp;&nbsp; 4-30-2030 | 836339 | &nbsp;&nbsp; **837761** |
| **Packaging & containers: 1.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc. (U.S. SOFR 1 <br> Month+3.18%)±<br>| 6.85 | &nbsp;&nbsp; 4-13-2029 | 1345474 | &nbsp;&nbsp; 1337966 |
| &nbsp;&nbsp;&nbsp; Graham Packaging Co., Inc. (U.S. SOFR 1 Month+2.25%)± | 5.93 | &nbsp;&nbsp; 1-26-2033 | 1000000 | &nbsp;&nbsp; 998330 |
| &nbsp;&nbsp;&nbsp; Owens-Illinois, Inc. (U.S. SOFR 1 Month+3.00%)± | 6.67 | &nbsp;&nbsp; 9-30-2032 | 500000 | &nbsp;&nbsp; 500470 |
|  |  |  |  | &nbsp;&nbsp; **2836766** |
| **Technology: 1.94%** |  |  |  |  |
| **Computers: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; McAfee Corp. (U.S. SOFR 1 Month+3.00%)± | 6.67 | &nbsp;&nbsp; 3-1-2029 | 666258 | &nbsp;&nbsp; **587972** |
| **Software: 1.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc. (U.S. SOFR 1 Month+2.75%)± | 6.42 | &nbsp;&nbsp; 2-15-2029 | 1044369 | &nbsp;&nbsp; 1029790 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC (U.S. SOFR 3 Month+3.25%)± | 6.92 | &nbsp;&nbsp; 7-6-2029 | 154609 | &nbsp;&nbsp; 123356 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc. (U.S. SOFR 3 Month+3.25%)± | 6.92 | &nbsp;&nbsp; 3-21-2031 | 340272 | &nbsp;&nbsp; 329533 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc. (U.S. SOFR 3 Month+3.25%)± | 6.92 | &nbsp;&nbsp; 8-13-2032 | 762451 | &nbsp;&nbsp; 738624 |
| &nbsp;&nbsp;&nbsp; Ellucian Holdings, Inc. (U.S. SOFR 1 Month+4.75%)± | 8.42 | &nbsp;&nbsp; 11-22-2032 | 750000 | &nbsp;&nbsp; 732188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Genesys Cloud Services, Inc. (U.S. SOFR 1 <br> Month+2.50%)±<br>| 6.17 | &nbsp;&nbsp; 1-30-2032 | 769120 | &nbsp;&nbsp; 750854 |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc. (U.S. SOFR 1 Month+3.75%)± | 7.42 | &nbsp;&nbsp; 11-28-2028 | 1249170 | &nbsp;&nbsp; 1190621 |
|  |  |  |  | &nbsp;&nbsp; **4894966** |
| **Total loans (Cost $46,254,005)** |  |  |  | &nbsp;&nbsp; **46106114** |

---

See accompanying notes to portfolio of investments

Allspring Multi-Sector Income Fund \| 15

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Non-agency mortgage-backed securities: 7.89%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Banc of America Funding Trust Series 2005-5 Class 1A1 | 5.50<br> %<br>| &nbsp;&nbsp; 9-25-2035 | $42896 | &nbsp;&nbsp; $43695 |
| &nbsp;&nbsp;&nbsp; Banc of America Funding Trust Series 2005-D Class A1±± | 5.29 | &nbsp;&nbsp; 5-25-2035 | 69558 | &nbsp;&nbsp; 65441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banc of America Mortgage Trust Series 2003-C <br> Class 1A1±±<br>| 6.87 | &nbsp;&nbsp; 4-25-2033 | 168850 | &nbsp;&nbsp; 101242 |
| &nbsp;&nbsp;&nbsp; Bank Series 2017-BNK6 Class D144A | 3.10 | &nbsp;&nbsp; 7-15-2060 | 1000000 | &nbsp;&nbsp; 866207 |
| &nbsp;&nbsp;&nbsp; BX Trust Series 2019-OC11 Class D144A±± | 3.94 | &nbsp;&nbsp; 12-9-2041 | 700000 | &nbsp;&nbsp; 669380 |
| &nbsp;&nbsp;&nbsp; BX Trust Series 2022-CLS Class C144A | 6.79 | &nbsp;&nbsp; 10-13-2027 | 750000 | &nbsp;&nbsp; 740012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2024-BIO Class A (U.S. SOFR 1 <br> Month+1.64%)144A±<br>| 5.32 | &nbsp;&nbsp; 2-15-2041 | 1000000 | &nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2024-BIO Class C (U.S. SOFR 1 <br> Month+2.64%)144A±<br>| 6.32 | &nbsp;&nbsp; 2-15-2041 | 449000 | &nbsp;&nbsp; 445212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2025-VLT6 Class B (U.S. SOFR 1 <br> Month+1.89%)144A±<br>| 5.57 | &nbsp;&nbsp; 3-15-2042 | 1000000 | &nbsp;&nbsp; 1000312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CHL Mortgage Pass-Through Trust Series 2003-48 <br> Class 2A2±±<br>| 6.26 | &nbsp;&nbsp; 10-25-2033 | 14957 | &nbsp;&nbsp; 7764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup Commercial Mortgage Trust Series 2012-GC8 <br> Class C144A±±<br>| 5.29 | &nbsp;&nbsp; 9-10-2045 | 813776 | &nbsp;&nbsp; 805435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Suisse First Boston Mortgage Securities Corp. <br> Series 2002-AR25 Class 1A1±±<br>| 3.68 | &nbsp;&nbsp; 9-25-2032 | 118687 | &nbsp;&nbsp; 106929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Suisse First Boston Mortgage Securities Corp. <br> Series 2003-AR15 Class 3A1±±<br>| 6.56 | &nbsp;&nbsp; 6-25-2033 | 7006 | &nbsp;&nbsp; 7154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Suisse First Boston Mortgage Securities Corp. <br> Series 2003-AR9 Class 2A2±±<br>| 6.17 | &nbsp;&nbsp; 3-25-2033 | 4999 | &nbsp;&nbsp; 4967 |
| &nbsp;&nbsp;&nbsp; CSMC Trust Series 2014-USA Class A1144A | 3.30 | &nbsp;&nbsp; 9-15-2037 | 1000285 | &nbsp;&nbsp; 920358 |
| &nbsp;&nbsp;&nbsp; CSMC Trust Series 2014-USA Class D144A | 4.37 | &nbsp;&nbsp; 9-15-2037 | 750000 | &nbsp;&nbsp; 636619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global Mortgage Securitization Ltd. Series 2004-A Class A2 <br> (U.S. SOFR 1 Month+0.43%)144A±<br>| 4.11 | &nbsp;&nbsp; 11-25-2032 | 4890 | &nbsp;&nbsp; 4853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage Securities Corp. Trust Series 2020-DUNE <br> Class D (U.S. SOFR 1 Month+2.16%)144A±<br>| 5.85 | &nbsp;&nbsp; 12-15-2036 | 815545 | &nbsp;&nbsp; 795777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust Series 2019-GSA1 <br> Class C±±<br>| 3.80 | &nbsp;&nbsp; 11-10-2052 | 1000000 | &nbsp;&nbsp; 914656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hudson's Bay Simon JV Trust Series 2015-HB10 <br> Class A10144A<br>| 4.15 | &nbsp;&nbsp; 8-5-2034 | 1000000 | &nbsp;&nbsp; 996884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMBB Commercial Mortgage Securities Trust Series 2013-<br> C15 Class D144A±±<br>| 4.75 | &nbsp;&nbsp; 11-15-2045 | 170960 | &nbsp;&nbsp; 153869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase Commercial Mortgage Securities Trust <br> Series 2019-OSB Class A144A<br>| 3.40 | &nbsp;&nbsp; 6-5-2039 | 1000000 | &nbsp;&nbsp; 949255 |
| &nbsp;&nbsp;&nbsp; JPMorgan Mortgage Trust Series 2004-A3 Class 3A3±± | 5.32 | &nbsp;&nbsp; 7-25-2034 | 1573 | &nbsp;&nbsp; 1554 |
| &nbsp;&nbsp;&nbsp; JPMorgan Mortgage Trust Series 2005-A3 Class 11A2±± | 5.89 | &nbsp;&nbsp; 6-25-2035 | 41978 | &nbsp;&nbsp; 42028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MASTR Adjustable Rate Mortgages Trust Series 2003-6 <br> Class 4A2±±<br>| 4.35 | &nbsp;&nbsp; 1-25-2034 | 1446 | &nbsp;&nbsp; 1411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MASTR Adjustable Rate Mortgages Trust Series 2004-13 <br> Class 3A7±±<br>| 5.61 | &nbsp;&nbsp; 11-21-2034 | 2111 | &nbsp;&nbsp; 2099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MCR Mortgage Trust Series 2024-HF1 Class A (U.S. SOFR 1 <br> Month+1.79%)144A±<br>| 5.47 | &nbsp;&nbsp; 12-15-2041 | 902403 | &nbsp;&nbsp; 904095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Merrill Lynch Mortgage Investors Trust Series 2003-G <br> Class A2 (U.S. SOFR 6 Month+1.11%)±<br>| 4.88 | &nbsp;&nbsp; 1-25-2029 | 5710 | &nbsp;&nbsp; 5571 |
| &nbsp;&nbsp;&nbsp; MFA Trust Series 2022-NQM1 Class M1144A±± | 4.30 | &nbsp;&nbsp; 12-25-2066 | 1000000 | &nbsp;&nbsp; 897230 |

---

See accompanying notes to portfolio of investments

16 \| Allspring Multi-Sector Income Fund

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Non-agency mortgage-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust Series 2014-150E <br> Class A144A<br>| 3.91<br> %<br>| &nbsp;&nbsp; 9-9-2032 | $1000000 | &nbsp;&nbsp; $938800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust Series 2021-230P Class A <br> (U.S. SOFR 1 Month+1.28%)144A±<br>| 4.96 | &nbsp;&nbsp; 12-15-2038 | 1000000 | &nbsp;&nbsp; 971250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Mortgage Loan Trust Series 2004-4 <br> Class 2A±±<br>| 6.28 | &nbsp;&nbsp; 9-25-2034 | 6286 | &nbsp;&nbsp; 6174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; One New York Plaza Trust Series 2020-1NYP Class A <br> (U.S. SOFR 1 Month+1.06%)144A±<br>| 4.75 | &nbsp;&nbsp; 1-15-2036 | 1000000 | &nbsp;&nbsp; 970000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SDAL Trust Series 2025-DAL Class A (U.S. SOFR 1 <br> Month+2.44%)144A±<br>| 6.12 | &nbsp;&nbsp; 4-15-2042 | 791000 | &nbsp;&nbsp; 795519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SDAL Trust Series 2025-DAL Class B (U.S. SOFR 1 <br> Month+2.94%)144A±<br>| 6.62 | &nbsp;&nbsp; 4-15-2042 | 1000000 | &nbsp;&nbsp; 1002019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sequoia Mortgage Trust Series 2003-1 Class 1A (U.S. SOFR <br> 1 Month+0.87%)±<br>| 4.55 | &nbsp;&nbsp; 4-20-2033 | 1693 | &nbsp;&nbsp; 1595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFAVE Commercial Mortgage Securities Trust Series 2015-<br> 5AVE Class D144A±±<br>| 4.39 | &nbsp;&nbsp; 1-5-2043 | 1000000 | &nbsp;&nbsp; 762082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SHR Trust Series 2024-LXRY Class D (U.S. SOFR 1 <br> Month+3.60%)144A±<br>| 7.28 | &nbsp;&nbsp; 10-15-2041 | 1000000 | &nbsp;&nbsp; 1009990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SREIT Trust Series 2021-PALM Class B (U.S. SOFR 1 <br> Month+0.92%)144A±<br>| 4.60 | &nbsp;&nbsp; 10-15-2034 | 1000000 | &nbsp;&nbsp; 999375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood LLC Series 2025-FL4 Class A (U.S. SOFR 1 <br> Month+1.45%)144A±<br>| 5.13 | &nbsp;&nbsp; 11-19-2042 | 1000000 | &nbsp;&nbsp; 1001158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Structured Adjustable Rate Mortgage Loan Trust <br> Series 2004-2 Class 2A±±<br>| 3.61 | &nbsp;&nbsp; 3-25-2034 | 7926 | &nbsp;&nbsp; 6991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust Series 2025-DATA <br> Class C (U.S. SOFR 1 Month+2.09%)144A±<br>| 5.77 | &nbsp;&nbsp; 2-15-2042 | 500000 | &nbsp;&nbsp; 498438 |
| &nbsp;&nbsp;&nbsp; Vendee Mortgage Trust Series 2003-2ƒ±± | 0.40 | &nbsp;&nbsp; 5-15-2033 | 661627 | &nbsp;&nbsp; 6166 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-1 Class A2144A±± | 1.05 | &nbsp;&nbsp; 1-25-2066 | 210119 | &nbsp;&nbsp; 193364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington Mutual MSC Mortgage Pass-Through <br> Certificates Trust Series 2004-RA4 Class 3A<br>| 7.50 | &nbsp;&nbsp; 7-25-2034 | 40669 | &nbsp;&nbsp; 42452 |
| &nbsp;&nbsp; **Total non-agency mortgage-backed securities** <br> **(Cost $23,236,693)**<br>|  |  |  | &nbsp;&nbsp; **22295382** |
| **Yankee corporate bonds and notes: 13.54%** |  |  |  |  |
| **Communications: 3.27%** |  |  |  |  |
| **Internet: 0.80%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Prosus NV144A | 4.19 | &nbsp;&nbsp; 1-19-2032 | 1000000 | &nbsp;&nbsp; 958501 |
| &nbsp;&nbsp;&nbsp; Rakuten Group, Inc.144A | 9.75 | &nbsp;&nbsp; 4-15-2029 | 1155000 | &nbsp;&nbsp; 1294009 |
|  |  |  |  | &nbsp;&nbsp; **2252510** |
| **Media: 0.98%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Videotron Ltd.144A | 5.70 | &nbsp;&nbsp; 1-15-2035 | 550000 | &nbsp;&nbsp; 560056 |
| &nbsp;&nbsp;&nbsp; Virgin Media Finance PLC144A | 5.00 | &nbsp;&nbsp; 7-15-2030 | 430000 | &nbsp;&nbsp; 375722 |
| &nbsp;&nbsp;&nbsp; Virgin Media Secured Finance PLC144A | 4.50 | &nbsp;&nbsp; 8-15-2030 | 1190000 | &nbsp;&nbsp; 1099334 |
| &nbsp;&nbsp;&nbsp; VZ Secured Financing BV144A | 5.00 | &nbsp;&nbsp; 1-15-2032 | 800000 | &nbsp;&nbsp; 722366 |
|  |  |  |  | &nbsp;&nbsp; **2757478** |

---

See accompanying notes to portfolio of investments

Allspring Multi-Sector Income Fund \| 17

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Telecommunications: 1.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rogers Communications, Inc. (5 Year Treasury Constant <br> Maturity+2.62%)±<br>| 7.13<br> %<br>| &nbsp;&nbsp; 4-15-2055 | $1450000 | &nbsp;&nbsp; $1520538 |
| &nbsp;&nbsp;&nbsp; Telecom Italia Capital SA | 7.20 | &nbsp;&nbsp; 7-18-2036 | 700000 | &nbsp;&nbsp; 758883 |
| &nbsp;&nbsp;&nbsp; TELUS Corp. (5 Year Treasury Constant Maturity+2.52%)± | 6.63 | &nbsp;&nbsp; 6-9-2056 | 185000 | &nbsp;&nbsp; 185827 |
| &nbsp;&nbsp;&nbsp; TELUS Corp. (5 Year Treasury Constant Maturity+2.77%)± | 6.63 | &nbsp;&nbsp; 10-15-2055 | 825000 | &nbsp;&nbsp; 843752 |
| &nbsp;&nbsp;&nbsp; Zegona Finance PLC144A | 8.63 | &nbsp;&nbsp; 7-15-2029 | 854000 | &nbsp;&nbsp; 900315 |
|  |  |  |  | &nbsp;&nbsp; **4209315** |
| **Consumer, cyclical: 1.91%** |  |  |  |  |
| **Airlines: 0.80%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Air Canada Pass-Through Trust Series 2020-1 Class C144A | 10.50 | &nbsp;&nbsp; 7-15-2026 | 625000 | &nbsp;&nbsp; 641442 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA144A | 7.63 | &nbsp;&nbsp; 1-7-2031 | 470000 | &nbsp;&nbsp; 492912 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA144A | 7.88 | &nbsp;&nbsp; 4-15-2030 | 615000 | &nbsp;&nbsp; 645246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management Holding, <br> Inc.144A<br>| 6.38 | &nbsp;&nbsp; 2-1-2030 | 510000 | &nbsp;&nbsp; 483871 |
|  |  |  |  | &nbsp;&nbsp; **2263471** |
| **Auto manufacturers: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nissan Motor Co. Ltd.144A | 8.13 | &nbsp;&nbsp; 7-17-2035 | 665000 | &nbsp;&nbsp; **710168** |
| **Entertainment: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Banijay Entertainment SASU144A | 8.13 | &nbsp;&nbsp; 5-1-2029 | 1100000 | &nbsp;&nbsp; **1142966** |
| **Leisure time: 0.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Carnival Corp.144A | 5.75 | &nbsp;&nbsp; 8-1-2032 | 295000 | &nbsp;&nbsp; 302972 |
| &nbsp;&nbsp;&nbsp; Carnival Corp.144A | 6.13 | &nbsp;&nbsp; 2-15-2033 | 725000 | &nbsp;&nbsp; 745813 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd.144A | 5.63 | &nbsp;&nbsp; 9-30-2031 | 230000 | &nbsp;&nbsp; 236444 |
|  |  |  |  | &nbsp;&nbsp; **1285229** |
| **Consumer, non-cyclical: 2.12%** |  |  |  |  |
| **Cosmetics/Personal Care: 0.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Opal Bidco SAS144A | 6.50 | &nbsp;&nbsp; 3-31-2032 | 680000 | &nbsp;&nbsp; 693887 |
| &nbsp;&nbsp;&nbsp; Perrigo Finance Unlimited Co. | 6.13 | &nbsp;&nbsp; 9-30-2032 | 1110000 | &nbsp;&nbsp; 1091715 |
|  |  |  |  | &nbsp;&nbsp; **1785602** |
| **Food: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Froneri Lux Finco Sarl144A | 6.00 | &nbsp;&nbsp; 8-1-2032 | 590000 | &nbsp;&nbsp; **597446** |
| **Healthcare-products: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corp.144A | 8.38 | &nbsp;&nbsp; 10-1-2028 | 790000 | &nbsp;&nbsp; **823575** |
| **Pharmaceuticals: 0.99%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 1261229 BC Ltd.144A | 10.00 | &nbsp;&nbsp; 4-15-2032 | 1430000 | &nbsp;&nbsp; 1467547 |
| &nbsp;&nbsp;&nbsp; Bausch Health Cos., Inc.144A | 6.25 | &nbsp;&nbsp; 2-15-2029 | 360000 | &nbsp;&nbsp; 284814 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV | 8.13 | &nbsp;&nbsp; 9-15-2031 | 900000 | &nbsp;&nbsp; 1032430 |
|  |  |  |  | &nbsp;&nbsp; **2784791** |

---

See accompanying notes to portfolio of investments

18 \| Allspring Multi-Sector Income Fund

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Energy: 0.61%** |  |  |  |  |
| **Oil & gas: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Borr IHC Ltd./Borr Finance LLC144A | 10.00<br> %<br>| &nbsp;&nbsp; 11-15-2028 | $290244 | &nbsp;&nbsp; $297840 |
| &nbsp;&nbsp;&nbsp; Saturn Oil & Gas, Inc.144A | 9.63 | &nbsp;&nbsp; 6-15-2029 | 283000 | &nbsp;&nbsp; 289524 |
|  |  |  |  | &nbsp;&nbsp; **587364** |
| **Pipelines: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. (5 Year Treasury Constant <br> Maturity+3.71%)±<br>| 7.38 | &nbsp;&nbsp; 1-15-2083 | 1110000 | &nbsp;&nbsp; **1143259** |
| **Financial: 3.46%** |  |  |  |  |
| **Banks: 1.96%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ABN AMRO Bank NV144A | 4.80 | &nbsp;&nbsp; 4-18-2026 | 750000 | &nbsp;&nbsp; 750647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco del Estado de Chile (5 Year Treasury Constant <br> Maturity+3.23%)144Aʊ±<br>| 7.95 | &nbsp;&nbsp; 5-2-2029 | 530000 | &nbsp;&nbsp; 563618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant <br> Maturity+2.85%)144Aʊ±<br>| 6.88 | &nbsp;&nbsp; 12-15-2033 | 665000 | &nbsp;&nbsp; 671020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant <br> Maturity+3.73%)144Aʊ±<br>| 8.00 | &nbsp;&nbsp; 8-22-2031 | 760000 | &nbsp;&nbsp; 827952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NatWest Group PLC (5 Year Treasury Constant <br> Maturity+2.35%)±<br>| 3.03 | &nbsp;&nbsp; 11-28-2035 | 1000000 | &nbsp;&nbsp; 925470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (5 Year Treasury Constant <br> Maturity+3.40%)144Aʊ±<br>| 4.88 | &nbsp;&nbsp; 2-12-2027 | 495000 | &nbsp;&nbsp; 493195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (USD SOFR ICE Swap Rate 11:00am NY 5 <br> Year+3.24%)144Aʊ±<br>| 6.63 | &nbsp;&nbsp; 1-8-2031 | 1000000 | &nbsp;&nbsp; 1005603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (USD SOFR ICE Swap Rate 11:00am NY 5 <br> Year+4.16%)144Aʊ±<br>| 7.75 | &nbsp;&nbsp; 4-12-2031 | 290000 | &nbsp;&nbsp; 310967 |
|  |  |  |  | &nbsp;&nbsp; **5548472** |
| **Diversified financial services: 1.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; GGAM Finance Ltd.144A | 5.88 | &nbsp;&nbsp; 3-15-2030 | 1065000 | &nbsp;&nbsp; 1081295 |
| &nbsp;&nbsp;&nbsp; Global Aircraft Leasing Co. Ltd.144A | 8.75 | &nbsp;&nbsp; 9-1-2027 | 960000 | &nbsp;&nbsp; 993726 |
| &nbsp;&nbsp;&nbsp; goeasy Ltd.144A | 7.63 | &nbsp;&nbsp; 7-1-2029 | 770000 | &nbsp;&nbsp; 762434 |
|  |  |  |  | &nbsp;&nbsp; **2837455** |
| **Insurance: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Fairfax Financial Holdings Ltd. | 4.85 | &nbsp;&nbsp; 4-17-2028 | 750000 | &nbsp;&nbsp; 760336 |
| &nbsp;&nbsp;&nbsp; Sompo International Holdings Ltd. | 7.00 | &nbsp;&nbsp; 7-15-2034 | 575000 | &nbsp;&nbsp; 636050 |
|  |  |  |  | &nbsp;&nbsp; **1396386** |
| **Industrial: 1.00%** |  |  |  |  |
| **Electronics: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sensata Technologies BV144A | 5.88 | &nbsp;&nbsp; 9-1-2030 | 875000 | &nbsp;&nbsp; **888006** |
| **Engineering & construction: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CIMIC Finance USA Pty. Ltd.144A | 7.00 | &nbsp;&nbsp; 3-25-2034 | 500000 | &nbsp;&nbsp; **542167** |

---

See accompanying notes to portfolio of investments

Allspring Multi-Sector Income Fund \| 19

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Packaging & containers: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV144A | 8.25<br> %<br>| &nbsp;&nbsp; 7-15-2030 | $612000 | &nbsp;&nbsp; $653049 |
| &nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV144A | 12.25 | &nbsp;&nbsp; 1-15-2031 | 675000 | &nbsp;&nbsp; 738591 |
|  |  |  |  | &nbsp;&nbsp; **1391640** |
| **Technology: 0.66%** |  |  |  |  |
| **Computers: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Seagate Data Storage Technology Pte. Ltd.144A | 8.50 | &nbsp;&nbsp; 7-15-2031 | 1275000 | &nbsp;&nbsp; **1349193** |
| **Semiconductors: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kioxia Holdings Corp.144A | 6.63 | &nbsp;&nbsp; 7-24-2033 | 485000 | &nbsp;&nbsp; **506441** |
| **Utilities: 0.51%** |  |  |  |  |
| **Electric: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp. (5 Year Treasury <br> Constant Maturity+3.25%)±<br>| 4.75 | &nbsp;&nbsp; 1-18-2082 | 1075000 | &nbsp;&nbsp; **1067197** |
| **Water: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Veolia Environnement SA | 6.75 | &nbsp;&nbsp; 6-1-2038 | 350000 | &nbsp;&nbsp; **381089** |
| **Total yankee corporate bonds and notes (Cost $37,769,820)** |  |  |  | &nbsp;&nbsp; **38251220** |
| **Yankee government bonds: 0.26%** |  |  |  |  |
| **Trinidad and Tobago: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Trinidad & Tobago144A | 4.50 | &nbsp;&nbsp; 8-4-2026 | 750000 | &nbsp;&nbsp; **744375** |
| **Total yankee government bonds (Cost $749,580)** |  |  |  | &nbsp;&nbsp; **744375** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 5.31%** |  |  |  |  |
| **Investment companies: 5.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select <br> Class♠∞##<br>|  | 3.63 | 14985650 | &nbsp;&nbsp; **14985650** |
| **Total short-term investments (Cost $14,985,650)** |  |  |  | &nbsp;&nbsp; **14985650** |
| **Total investments in securities (Cost $396,293,186)** | 141.76<br> %<br>|  |  | &nbsp;&nbsp; 400383406 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | (41.76)<br>|  |  | &nbsp;&nbsp; (117944532)<br>|
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$282438874** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See accompanying notes to portfolio of investments

20 \| Allspring Multi-Sector Income Fund

------

Portfolio of investments—January 31, 2026 (unaudited)

---

| |
|:---|
| Variable rate investment. The rate shown is the rate in effect at period end. |
| Investment in an interest-only security that entitles holders to receive only the interest payments on the underlying mortgages. The principal amount shown is the <br> notional amount of the underlying mortgages. The rate represents the coupon rate.<br>|
| The coupon of the security is adjusted based on the principal and/or interest payments received from the underlying pool of mortgages as well as the credit quality <br> and the actual prepayment speed of the underlying mortgages. The rate shown is the rate in effect at period end.<br>|
| The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of <br> 1933.<br>|
| Non-income-earning security |
| Restricted security as to resale, excluding Rule 144A securities. The Fund held a restricted security with current value of $849,001 (original cost of $325,099), <br> representing 0.30% of its net assets as of period end.<br>|
| ¥A payment-in-kind (PIK) security is a security in which the issuer may make interest or dividend payments in cash or additional securities or a combination of both. <br> The rate shown is the rate in effect at period end.<br>|
| The security is purchased on a when-issued basis. |
| The security is fair valued in accordance with procedures approved by Allspring Funds Management, LLC. |
| Security is perpetual in nature and has no stated maturity date. The date shown reflects the next call date. |
| Security is valued using significant unobservable inputs. |
| The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. |
| The rate represents the 7-day annualized yield at period end. |
| All or a portion of this security is segregated as collateral for when-issued securities. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| AG | Assured Guaranty Incorporation |
| BDC | Business Development Company |
| BRL | Brazilian real |
| COP | Colombian peso |
| FHLMC | Federal Home Loan Mortgage Corporation |
| FNMA | Federal National Mortgage Association |
| GBP | Great British pound |
| GNMA | Government National Mortgage Association |
| HUF | Hungarian forint |
| IDR | Indonesian rupiah |
| INR | Indian rupee |
| MXN | Mexican peso |
| NZD | New Zealand dollar |
| REIT | Real estate investment trust |
| RON | Romanian lei |
| SOFR | Secured Overnight Financing Rate |
| ZAR | South African rand |

---

**Investments in affiliates**

An affiliated investment is an investment in which the Fund owns at least 5% of the outstanding voting shares of the issuer or as a result of other relationships, such as the Fund and the issuer having the same adviser or investment manager. Transactions with issuers that were affiliates of the Fund at the end of the period were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select <br> Class<br>| $9517873 | $28343148 | $(22875371)<br>| $0 | $0 | $14985650 | 14985650 | $116129 |

---

See accompanying notes to portfolio of investments

Allspring Multi-Sector Income Fund \| 21

------

Notes to portfolio of investments—January 31, 2026 (unaudited)

Notes to portfolio of investments

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 Fund may deviate from this calculation time under unusual or unexpected circumstances.

Debt securities are valued at the evaluated bid price provided by an independent pricing service (e.g., taking into account various factors, including yields, maturities, or credit ratings) or, if a reliable price is not available, the quoted bid price from an independent broker-dealer.

Equity securities and exchange-traded funds 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.

The values of securities denominated in foreign currencies are translated into U.S. dollars at rates provided by an independent foreign currency pricing source at a time each business day specified by the Valuation Committee at Allspring Funds Management, LLC ("Allspring Funds Management").

Investments in registered open-end investment companies (other than those listed on a foreign or domestic exchange or market) are valued at net asset value.

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, 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.

Foreign currency translation

The accounting records of the Fund are maintained in U.S. dollars. The values of other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at rates provided by an independent foreign currency pricing source at a time each business day specified by the Valuation Committee. Purchases and sales of securities, and income and expenses are converted at the rate of exchange on the respective dates of such transactions. Net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and the U.S. dollar equivalent of the amounts actually paid or received. Net unrealized foreign exchange gains and losses arise from changes in the fair value of assets and liabilities other than investments in securities resulting from changes in exchange rates. The changes in net assets arising from changes in exchange rates of securities and the changes in net assets resulting from changes in market prices of securities are not separately presented. Such changes are included in net realized and unrealized gains or losses from investments.

When-issued transactions

The Fund may purchase securities on a forward commitment or when-issued basis. The Fund records a when-issued transaction on the trade date and will segregate assets in an amount at least equal in value to the Fund's commitment to purchase when-issued securities. Securities purchased on a when-issued basis are marked-to-market daily and the Fund begins earning interest on the settlement date. Losses may arise due to changes in the market value of the underlying securities or if the counterparty does not perform under the contract.

Loans

The Fund may invest in direct debt instruments which are interests in amounts owed to lenders by corporate or other borrowers. The loans pay interest at rates which are periodically reset by reference to a base lending rate plus a spread. Investments in loans may be in the form of participations in loans or assignments of all or a portion of loans from third parties. When the Fund purchases participations, it generally has no rights to enforce compliance with the terms of the loan agreement with the borrower. As a result, the Fund assumes the credit risk of both the borrower and the lender that is selling the participation. When the Fund purchases assignments from lenders, it acquires direct rights against the borrower on the loan and may enforce compliance by the borrower with the terms of the loan agreement. Loans may include fully funded term loans or unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments represent the remaining obligation of the Fund to the borrower. At any point in time, up to the maturity date of the issue, the borrower may demand the unfunded portion. Unfunded amounts, if any, are marked to market.

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 the Fund's investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in

22 \| Allspring Multi-Sector Income Fund

------

Notes to portfolio of investments—January 31, 2026 (unaudited)

active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The 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.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Agency securities** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $168991 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $168991 |
| **Asset-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11506624 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11506624 |
| **Common stocks** |  |  |  |  |
| *Energy* | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 849001 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 849001 |
| *Health care* | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 479710 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 479710 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 176719788 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 176719788 |
| **Foreign corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 33084605 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 33084605 |
| **Foreign government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 55191946 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 55191946 |
| **Loans** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 43748172 | &nbsp;&nbsp;&nbsp;&nbsp; 2357942 | &nbsp;&nbsp;&nbsp;&nbsp; 46106114 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 22295382 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 22295382 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 38251220 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 38251220 |
| **Yankee government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 744375 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 744375 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 14985650 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 14985650 |
| **Total assets** | &nbsp;&nbsp; **$14985650** | &nbsp;&nbsp;&nbsp; **$383039814** | &nbsp;&nbsp;&nbsp; **$2357942** | &nbsp;&nbsp;&nbsp; **$400383406** |

---

Additional sector, industry or geographic detail, if any, is included in the Portfolio of investments.

The following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Balance, <br>beginning <br>of <br>period<br>| Net <br>Purchases<br>| Net <br>Sales/ <br>Settlements<br>| Accrued <br>Discounts <br>(Premiums)<br>| Realized <br>Gains <br>(Losses)<br>| Net <br>Change in <br>Unrealized <br>gains <br>(losses)<br>| Transfers <br>into <br>Level 3<br>| Transfers <br>out <br>of Level 3<br>| Balance, <br>end of <br>period<br>|
| **Investments in:** | **Investments in:** | **Investments in:** | **Investments in:** | **Investments in:** | **Investments in:** | **Investments in:** | **Investments in:** | **Investments in:** | **Investments in:** |
| &nbsp;&nbsp;&nbsp; Loans | $2404814 | $880469 | $(398258)<br>| $8128 | $(744839)<br>| $454928 | $0 | $(247300)<br>| $2357942 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | &nbsp;&nbsp; Net Change in <br> Unrealized <br>Gains (Losses) on <br> Investments <br>Held at <br>January 31, 2026<br>|
| **Investments in:** |  |
| &nbsp;&nbsp;&nbsp; Loans | &nbsp;&nbsp; $(9726)<br>|

---

Allspring Multi-Sector Income Fund \| 23

------

Notes to portfolio of investments—January 31, 2026 (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Level 3 Security <br> Types<br>| &nbsp;&nbsp; Fair value at <br> January 31, <br> 2026<br>| &nbsp;&nbsp;&nbsp; Valuation <br> technique<br>| &nbsp;&nbsp;&nbsp; Significant <br> unobservable input<br>| &nbsp;&nbsp;&nbsp; Weighted <br> average<br>| Range | &nbsp;&nbsp;&nbsp; Impact to valuation <br> from an increase to <br> input\*<br>|
| Loans | &nbsp;&nbsp; $2357942 | &nbsp;&nbsp;&nbsp;&nbsp; Market <br>Approach<br>| &nbsp;&nbsp;&nbsp;&nbsp; Single<br> broker <br>quote <br>| &nbsp;&nbsp;&nbsp;&nbsp; N/A | &nbsp;&nbsp;&nbsp;&nbsp; N/A | &nbsp;&nbsp;&nbsp;&nbsp; Increase/Decrease |

---

\* Unless otherwise noted, this column represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.

24 \| Allspring Multi-Sector Income 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 MULTI-SECTOR INCOME FUND

- **b. Investment Company Act file number:** 811-21331

- **c. CIK number of Registrant:** 0001227073

- **d. LEI of Registrant:** 549300K6JNPNZMSWMF07

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

  - **Street Address 1:** 1415 Vantage Park Drive

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28203

  - **Telephone number:** 833-568-4255

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

- **a. Name of Series:** ALLSPRING MULTI-SECTOR INCOME FUND

- **c. LEI of Series:** 549300K6JNPNZMSWMF07

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $414163077.55

**Total Liabilities:** $131726020.37

**Net Assets:** $282437057.18

**Delayed Delivery Securities:** $7415054.88

**Cash Not Reported:** $64.20

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -312.09000000 | **1-Year:** -7439.07000000 | **5-Year:** -13170.18000000 | **10-Year:** -5840.56000000 | **30-Year:** -741.04000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -978.10000000 | **1-Year:** -19173.65000000 | **5-Year:** -42047.57000000 | **10-Year:** -8965.89000000 | **30-Year:** -1344.64000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.88%                | -0.82%               | 2.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $515144.89               | $-437066.89                                |
| Month 2  | $437369.61               | $-691294.22                                |
| Month 3  | $-1299223.82             | $2691160.00                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABN AMRO BANK NV                                 | ABN AMRO Bank NV                                                                 | CUSIP: 00084DAL4<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |       750000 | PA      | $750646.98    | 0.27%             | 2026-04-18      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                     | ADT Security Corp/The                                                            | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |       340000 | PA      | $344674.88    | 0.12%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                     | AES Corp/The                                                                     | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |       560000 | PA      | $567803.04    | 0.20%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                     | AES Corp/The                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |       425000 | PA      | $415472.31    | 0.15%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                         | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |        28334 | PA      | $28353.93     | 0.01%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                  | AdaptHealth LLC                                                                  | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       775000 | PA      | $752605.58    | 0.27%             | 2030-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                           | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |       145000 | PA      | $151927.96    | 0.05%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                           | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |       805000 | PA      | $835867.73    | 0.30%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                               | Advance Auto Parts Inc                                                           | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |       610000 | PA      | $619150.00    | 0.22%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                          | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       430000 | PA      | $452487.28    | 0.16%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2020-1C PTT                           | Air Canada 2020-1 Class C Pass Through Trust                                     | CUSIP: 008911BD0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |       625000 | PA      | $641441.81    | 0.23%             | 2026-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| AL NGPL Holdings LLC                             | AL NGPL Holdings LLC Term Loan B                                                 | CUSIP: 01021AAB6<br>LEI: 254900WKSN3ZUJ0TO315 | Long             | LON              | CORP              | US        |      1159054 | PA      | $1160015.67   | 0.41%             | 2030-12-09      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                           | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |       565000 | PA      | $565167.24    | 0.20%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                          | Algonquin Power & Utilities Corp                                                 | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |      1075000 | PA      | $1067197.01   | 0.38%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                         | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1550000 | PA      | $1604586.35   | 0.57%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                          | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |       645000 | PA      | $678812.84    | 0.24%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                      | Allied Universal Holdco LLC 2025 USD Term Loan B                                 | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |       997500 | PA      | $998477.55    | 0.35%             | 2032-08-20      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE AND MANUFAC INC                    | AMERICAN AXLE AND MANUFAC INC 2025 INCREMENTAL TERM LOAN C                       | CUSIP: 02406MBB2<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | LON              | CORP              | US        |      1235000 | PA      | $1236543.75   | 0.44%             | 2032-02-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                          | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |       400000 | PA      | $390255.24    | 0.14%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                          | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |       355000 | PA      | $365198.22    | 0.13%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| American Greetings Corporation                   | American Greetings Corporation 2024 Term Loan B                                  | CUSIP: 02639DAN6<br>LEI: 549300WMJOT8C9DNMF90 | Long             | LON              | CORP              | US        |      1191840 | PA      | $1178431.95   | 0.42%             | 2029-10-30      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                 | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |       530000 | PA      | $543823.46    | 0.19%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                         | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       410000 | PA      | $414471.67    | 0.15%             | 2033-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| APA CORP                                         | APA Corp                                                                         | CUSIP: 03743QAX6<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |       750000 | PA      | $748158.84    | 0.26%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                               | Aqua Finance Trust 2021-A                                                        | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       146006 | PA      | $134705.32    | 0.05%             | 2046-07-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                 | Arches Buyer Inc                                                                 | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |       350000 | PA      | $344224.69    | 0.12%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                 | Arches Buyer Inc                                                                 | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |       525000 | PA      | $513315.55    | 0.18%             | 2028-12-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Arches Buyer Inc                                 | Arches Buyer Inc 2021 Term Loan B                                                | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | LON              | CORP              | US        |      1362317 | PA      | $1355750.71   | 0.48%             | 2027-12-06      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                         | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       710000 | PA      | $735983.87    | 0.26%             | 2032-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                         | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       685000 | PA      | $691108.83    | 0.24%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Asset Backed Funding Certificates                | ABFC 2003-AHL1 Trust                                                             | CUSIP: 04542BCJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        39448 | PA      | $38740.18     | 0.01%             | 2033-03-25      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                           | Asurion LLC and Asurion Co-Issuer Inc                                            | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       285000 | PA      | $297769.28    | 0.11%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                           | Asurion LLC and Asurion Co-Issuer Inc                                            | CUSIP: 045941AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       790000 | PA      | $798658.46    | 0.28%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ASSURANT INC                                     | Assurant Inc                                                                     | CUSIP: 04621XAM0<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |       750000 | PA      | $728439.61    | 0.26%             | 2030-02-22      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                      | Asurion LLC 2025 Term Loan B13                                                   | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |      1722040 | PA      | $1723262.73   | 0.61%             | 2030-09-19      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                               | Athene Holding Ltd                                                               | CUSIP: 04686JAA9<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |       750000 | PA      | $749921.72    | 0.27%             | 2028-01-12      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Athenahealth Group Inc                           | Athenahealth Group Inc 2022 Term Loan B                                          | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |      1044369 | PA      | $1029789.67   | 0.36%             | 2029-02-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                       | Avis Budget Car Rental LLC 2025 Term Loan B                                      | CUSIP: 05377JAU6<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | LON              | CORP              | US        |       497500 | PA      | $496256.25    | 0.18%             | 2032-07-16      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                   | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |       485000 | PA      | $507959.22    | 0.18%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                         | BRSP 2021-FL1 Ltd                                                                | CUSIP: 05591XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |        57825 | PA      | $57792.01     | 0.02%             | 2038-08-19      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                      | BNP Paribas SA                                                                   | CUSIP: 05602XDJ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |       760000 | PA      | $827952.36    | 0.29%             | 2031-08-22      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                      | BNP Paribas SA                                                                   | CUSIP: 05602XQR2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |       665000 | PA      | $671019.40    | 0.24%             | 2033-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                               | BX Trust 2019-OC11                                                               | CUSIP: 05606FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       700000 | PA      | $669380.32    | 0.24%             | 2041-12-09      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2022-CLS                                                                | CUSIP: 05609XAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       750000 | PA      | $740011.58    | 0.26%             | 2027-10-13      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2024-BIO                                                                | CUSIP: 05612AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $1000000.00   | 0.35%             | 2041-02-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2024-BIO                                                                | CUSIP: 05612AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       449000 | PA      | $445211.56    | 0.16%             | 2041-02-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                               | BSPRT 2025-FL12 Issuer LLC                                                       | CUSIP: 05619BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      1000000 | PA      | $1001890.82   | 0.35%             | 2043-01-17      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Baldwin Insurance Group Holdings LLC             | Baldwin Insurance Group Holdings LLC 2025 Term Loan B2                           | CUSIP: 05825HAH7<br>LEI: 5493004GCDREAQPPYG20 | Long             | LON              | CORP              | US        |       248750 | PA      | $247299.79    | 0.09%             | 2031-05-26      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation              | Banc of America Funding 2005-5 Trust                                             | CUSIP: 05946XD34<br>LEI: 5493001796TAQ7M7QX12 | Long             | ABS-MBS          | CORP              | US        |        42896 | PA      | $43694.64     | 0.02%             | 2035-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANCO DEL ESTADO -CHILE                          | Banco del Estado de Chile                                                        | CUSIP: 05957AAC3<br>LEI: 5493004R4EJC0W0XVQ72 | Long             | DBT              | CORP              | CL        |       530000 | PA      | $563617.90    | 0.20%             | 2029-05-02      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                            | Banijay Entertainment SAS                                                        | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |      1100000 | PA      | $1142966.00   | 0.40%             | 2029-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Bank                                             | BANK 2017-BNK6                                                                   | CUSIP: 060352AV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $866206.80    | 0.31%             | 2060-07-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Banc of America Mortgage Securities              | Banc of America Mortgage 2003-C Trust                                            | CUSIP: 0605067F3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       168850 | PA      | $101242.44    | 0.04%             | 2033-04-25      | Variable      | 6.87%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation              | Banc of America Funding 2005-D Trust                                             | CUSIP: 06051GDM8<br>LEI: 5493001796TAQ7M7QX12 | Long             | ABS-MBS          | CORP              | US        |        69558 | PA      | $65440.68     | 0.02%             | 2035-05-25      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                               | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |       790000 | PA      | $823575.00    | 0.29%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                            | Bausch Health Cos Inc                                                            | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |       360000 | PA      | $284814.00    | 0.10%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                          | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |       611348 | PA      | $672690.93    | 0.24%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                           | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |       600000 | PA      | $643152.00    | 0.23%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TRUST INC                    | BLACKSTONE MORTGAGE TRUST INC 2026 REPRICED TERM LOAN                            | CUSIP: 09259GAL7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | LON              |  | US        |       238317 | PA      | $238018.81    | 0.08%             | 2030-12-10      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP                           | Boardwalk Pipelines LP                                                           | CUSIP: 096630AG3<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |       750000 | PA      | $760928.46    | 0.27%             | 2029-05-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                          | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |       290244 | PA      | $297840.13    | 0.11%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                         | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |       455000 | PA      | $488867.02    | 0.17%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                         | Brandywine Operating Partnership LP                                              | CUSIP: 105340AT0<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |       345000 | PA      | $334268.86    | 0.12%             | 2031-01-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN                         | Brighthouse Financial Inc                                                        | CUSIP: 10922NAF0<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |       850000 | PA      | $627320.78    | 0.22%             | 2047-06-22      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP INC                                | Bristow Group Inc                                                                | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |      1000000 | PA      | $1001059.00   | 0.35%             | 2028-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP INC                                | Bristow Group Inc                                                                | CUSIP: 11040GAB9<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |       810000 | PA      | $819489.81    | 0.29%             | 2033-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Broadstreet Partners Inc                         | Broadstreet Partners Inc 2024 Term Loan B4                                       | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |       867877 | PA      | $862252.90    | 0.31%             | 2031-06-13      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                          | Broadcom Corp / Broadcom Cayman Finance Ltd                                      | CUSIP: 11134LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |       750000 | PA      | $745097.58    | 0.26%             | 2028-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                              | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |        20000 | PA      | $20792.68     | 0.01%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2025-VLT6                                                               | CUSIP: 12433KAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $1000312.50   | 0.35%             | 2042-03-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2550000 | PA      | $2396594.30   | 0.85%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       900000 | PA      | $807648.62    | 0.29%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1750000 | PA      | $1478208.52   | 0.52%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |       580000 | PA      | $578434.00    | 0.20%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |       535000 | PA      | $491959.25    | 0.17%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |       465000 | PA      | $438455.06    | 0.16%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |       400000 | PA      | $430615.20    | 0.15%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                               | CP Atlas Buyer Inc                                                               | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |       275000 | PA      | $286035.48    | 0.10%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |       855000 | PA      | $754660.19    | 0.27%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |       425000 | PA      | $167048.06    | 0.06%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |       715000 | PA      | $426177.32    | 0.15%             | 2031-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |       565000 | PA      | $452839.31    | 0.16%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC 2014-USA OA LLC                                                             | CUSIP: 12649AAA7<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |      1000285 | PA      | $920357.99    | 0.33%             | 2037-09-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC 2014-USA OA LLC                                                             | CUSIP: 12649AAN9<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |       750000 | PA      | $636618.90    | 0.23%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                         | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       960000 | PA      | $954644.42    | 0.34%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                         | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       765000 | PA      | $822365.82    | 0.29%             | 2033-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CP Atlas Buyer, Inc.                             | CP Atlas Buyer Inc 2025 Term Loan                                                | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |       498750 | PA      | $489044.33    | 0.17%             | 2030-07-08      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| CVS PASS-THROUGH TRUST                           | CVS Pass-Through Trust                                                           | CUSIP: 126650BP4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       158254 | PA      | $160348.17    | 0.06%             | 2028-12-10      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                           | CHL Mortgage Pass-Through Trust 2003-48                                          | CUSIP: 12669EU95<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        14957 | PA      | $7764.45      | 0.00%             | 2033-10-25      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                            | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |       580000 | PA      | $579835.86    | 0.21%             | 2028-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Cablevision Lightpath LLC                        | Cablevision Lightpath LLC 2025 Repriced Term Loan                                | CUSIP: 12687HAD9<br>LEI: 5493002ZVBLRLGES1R71 | Long             | LON              | CORP              | US        |       598950 | PA      | $597704.18    | 0.21%             | 2027-11-30      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                         | California Resources Corp                                                        | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |       895000 | PA      | $941343.22    | 0.33%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                         | California Resources Corp                                                        | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |       295000 | PA      | $297562.08    | 0.11%             | 2034-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                         | Camelot Return Merger Sub Inc                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1090000 | PA      | $847315.42    | 0.30%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                    | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |       725000 | PA      | $745813.30    | 0.26%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                    | Carnival Corp                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |       295000 | PA      | $302972.08    | 0.11%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                       | Carvana Co                                                                       | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |       500000 | PA      | $550033.73    | 0.19%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                       | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |      1375000 | PA      | $1433705.63   | 0.51%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                         | Celanese US Holdings LLC                                                         | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |       395000 | PA      | $412099.55    | 0.15%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                         | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |       920000 | PA      | $936018.07    | 0.33%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Centex Home Equity                               | Centex Home Equity Loan Trust 2002-A                                             | CUSIP: 152314EL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         2163 | PA      | $2165.05      | 0.00%             | 2032-01-25      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                          | Central Garden & Pet Co                                                          | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |       375000 | PA      | $360049.46    | 0.13%             | 2030-10-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Central Parent Inc                               | Central Parent Inc 2024 Term Loan B                                              | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       154609 | PA      | $123356.01    | 0.04%             | 2029-07-06      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CNTRL PARENT/CDK GLB INC                         | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       230000 | PA      | $176247.46    | 0.06%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                              | Century Communities Inc                                                          | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |       495000 | PA      | $501321.65    | 0.18%             | 2033-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                             | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |       300000 | PA      | $312139.50    | 0.11%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                             | Chart Industries Inc                                                             | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |       510000 | PA      | $536931.06    | 0.19%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       675000 | PA      | $682471.49    | 0.24%             | 2029-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Chemours Company (The)                           | Chemours Company (The) 2025 Term Loan B                                          | CUSIP: 16384YAM9<br>LEI: 549300M1BOLNXL8DOV14 | Long             | LON              | CORP              | US        |      1000000 | PA      | $992500.00    | 0.35%             | 2032-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                      | Chemours Co/The                                                                  | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |       890000 | PA      | $892344.22    | 0.32%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                              | Churchill Downs Inc                                                              | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |       800000 | PA      | $824267.20    | 0.29%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CIMIC FINANCE USA PTY LT                         | CIMIC Finance USA Pty Ltd                                                        | CUSIP: 171873AB8<br>LEI: 213800GNWSV32LXHCZ50 | Long             | DBT              | CORP              | AU        |       500000 | PA      | $542166.54    | 0.19%             | 2034-03-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                 | Cinemark USA Inc                                                                 | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |      1425000 | PA      | $1474484.55   | 0.52%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Cinemark USA Inc                                 | Cinemark USA Inc 2025 Term Loan B                                                | CUSIP: 172442AV7<br>LEI: 54930008H2137JSCPQ09 | Long             | LON              | CORP              | US        |       661486 | PA      | $661843.39    | 0.23%             | 2030-05-24      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                               | Cipher Compute LLC                                                               | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       145000 | PA      | $149409.60    | 0.05%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                                    | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |       935000 | PA      | $933492.97    | 0.33%             | 2026-02-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                                    | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |       995000 | PA      | $1013182.68   | 0.36%             | 2031-02-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust              | Citigroup Commercial Mortgage Trust 2012-GC8                                     | CUSIP: 17318UAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       813776 | PA      | $805434.57    | 0.29%             | 2045-09-10      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                     | SM Energy Co                                                                     | CUSIP: 17888HAD5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |       400000 | PA      | $437474.80    | 0.15%             | 2033-06-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                | Clean Harbors Inc                                                                | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |       615000 | PA      | $629721.26    | 0.22%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc               | Clear Channel Outdoor Holdings Inc 2024 Term Loan                                | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |      1000000 | PA      | $999110.03    | 0.35%             | 2028-08-23      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                         | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |      1220000 | PA      | $1272219.66   | 0.45%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                         | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |        75000 | PA      | $79690.28     | 0.03%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                             | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |       935000 | PA      | $959530.66    | 0.34%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                           | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |      1865000 | PA      | $1883223.46   | 0.67%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                           | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |      1035000 | PA      | $1052680.91   | 0.37%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                           | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |       930000 | PA      | $930666.13    | 0.33%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                           | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |       285000 | PA      | $288705.00    | 0.10%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc              | Clydesdale Acquisition Holdings Inc Term Loan B                                  | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      1345474 | PA      | $1337966.28   | 0.47%             | 2029-04-13      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                              | CommonSpirit Health                                                              | CUSIP: 20268JAD5<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |       750000 | PA      | $559409.86    | 0.20%             | 2049-10-01      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                         | Concentra Health Services Inc                                                    | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |       820000 | PA      | $858544.10    | 0.30%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CORECIVIC INC                                    | CoreCivic Inc                                                                    | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |      1495000 | PA      | $1565873.47   | 0.55%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                    | CoreWeave Inc                                                                    | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |       715000 | PA      | $695164.61    | 0.25%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities   | Credit Suisse First Boston Mortgage Securities Corp                              | CUSIP: 22541NEE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       118687 | PA      | $106928.86    | 0.04%             | 2032-09-25      | Variable      | 3.68%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities   | Credit Suisse First Boston Mortgage Securities Corp                              | CUSIP: 22541NQ77<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         4999 | PA      | $4966.57      | 0.00%             | 2033-03-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities   | Credit Suisse First Boston Mortgage Securities Corp                              | CUSIP: 22541QCV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         7006 | PA      | $7154.25      | 0.00%             | 2033-06-25      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| Crown Finance US Inc                             | Crown Finance US Inc 2025 Term Loan B                                            | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |      1321683 | PA      | $1285839.33   | 0.46%             | 2031-12-02      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                       | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |      1740000 | PA      | $1792273.08   | 0.63%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                          | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAD8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |       107000 | PA      | $107311.08    | 0.04%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                              | Diebold Nixdorf Inc                                                              | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |       740000 | PA      | $783714.76    | 0.28%             | 2030-03-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DirecTV Financing LLC                            | DirecTV Financing LLC Term Loan                                                  | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |        30650 | PA      | $30661.35     | 0.01%             | 2027-08-02      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| DirecTV Financing LLC                            | DirecTV Financing LLC 2024 Term Loan                                             | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       865420 | PA      | $865419.53    | 0.31%             | 2029-08-02      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |      1410000 | PA      | $1459290.78   | 0.52%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                    | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       420000 | PA      | $406445.47    | 0.14%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                 | Duke Energy Corp                                                                 | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |       930000 | PA      | $972997.16    | 0.34%             | 2054-09-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| E.W. Scripps Company (The)                       | EW Scripps Company (The) 2025 Term Loan B2                                       | CUSIP: 26928BAQ2<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |       332958 | PA      | $335595.48    | 0.12%             | 2028-06-30      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                    | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |      2136477 | PA      | $2174373.83   | 0.77%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                             | Edison International                                                             | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |       670000 | PA      | $693369.73    | 0.25%             | 2053-06-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                            | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |       760000 | PA      | $747880.66    | 0.26%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings, Inc.                          | Ellucian Holdings Inc 2024 2nd Lien Term Loan                                    | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |       750000 | PA      | $732187.50    | 0.26%             | 2032-11-22      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                         | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |      1030000 | PA      | $1066129.31   | 0.38%             | 2030-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                     | Enbridge Inc                                                                     | CUSIP: 29250NBN4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      1110000 | PA      | $1143258.71   | 0.40%             | 2083-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                         | Encore Capital Group Inc                                                         | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |       800000 | PA      | $838773.43    | 0.30%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SOMPO INTL HLDS LTD                              | Sompo International Holdings Ltd                                                 | CUSIP: 29267HAA7<br>LEI: 54930073OSJENOG1DL54 | Long             | DBT              | CORP              | BM        |       575000 | PA      | $636050.06    | 0.23%             | 2034-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                           | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |       800000 | PA      | $768385.60    | 0.27%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Endo Luxembourg Finance Company I Sa rl          | Endo Luxembourg Finance Company I Sa rl 2024 1st Lien Term Loan                  | CUSIP: 29280UAD5<br>LEI: 222100B15VY0VVCTG251 | Long             | LON              | CORP              | US        |      1481250 | PA      | $1481709.19   | 0.52%             | 2031-04-23      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                     | Entegris Inc                                                                     | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |       500000 | PA      | $499622.00    | 0.18%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                     | Entegris Inc                                                                     | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |       510000 | PA      | $520399.41    | 0.18%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ESC GCB144A ENVIVA PAR                           | ESC GCB144A ENVIVA PAR                                                           | CUSIP: 294ESCAA6<br>LEI: 549300WH5VXDEFM5KR81 | Long             | DBT              | CORP              | US        |      2845000 | PA      | $0.03         | 0.00%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                                | EUSHI Finance Inc                                                                | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       945000 | PA      | $993938.72    | 0.35%             | 2054-12-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| EXCELERATE ENERGY LP                             | Excelerate Energy LP                                                             | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |       740000 | PA      | $791341.94    | 0.28%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                       | EZCORP Inc                                                                       | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |       495000 | PA      | $527310.14    | 0.19%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                           | Fairfax Financial Holdings Ltd                                                   | CUSIP: 303901BB7<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |       750000 | PA      | $760335.99    | 0.27%             | 2028-04-17      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Gold Pool                                                            | CUSIP: 31283HCS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |          576 | PA      | $580.61       | 0.00%             | 2028-07-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Non Gold Pool                                                        | CUSIP: 3128JR2K1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        84307 | PA      | $83128.35     | 0.03%             | 2032-09-01      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Non Gold Pool                                                        | CUSIP: 3128NGFY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        17651 | PA      | $18239.12     | 0.01%             | 2037-02-01      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                                               | CUSIP: 31339LQZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         1538 | PA      | $1537.84      | 0.00%             | 2031-12-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                | CUSIP: 31359ST75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        10507 | PA      | $10808.40     | 0.00%             | 2031-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                | CUSIP: 313920TH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |          878 | PA      | $879.91       | 0.00%             | 2031-07-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                | CUSIP: 313921JD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |          884 | PA      | $884.14       | 0.00%             | 2031-06-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                | CUSIP: 31392F6H5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         3392 | PA      | $3389.74      | 0.00%             | 2032-12-18      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                | CUSIP: 31392HFB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         1349 | PA      | $1351.16      | 0.00%             | 2033-01-25      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                                               | CUSIP: 31393K5E1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        12448 | PA      | $12426.24     | 0.00%             | 2033-02-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                  | CUSIP: 31402BUX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        29048 | PA      | $29161.82     | 0.01%             | 2033-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                    | FirstCash Inc                                                                    | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |       250000 | PA      | $248172.68    | 0.09%             | 2028-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                    | FirstCash Inc                                                                    | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |      1105000 | PA      | $1148649.71   | 0.41%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                          | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |       700000 | PA      | $700672.70    | 0.25%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                          | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      1000000 | PA      | $1052168.00   | 0.37%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                          | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |       365000 | PA      | $384139.51    | 0.14%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                           | Froneri Lux FinCo SARL                                                           | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |       590000 | PA      | $597446.46    | 0.21%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                | GEO Group Inc/The                                                                | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |       970000 | PA      | $1014360.78   | 0.36%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                | GEO Group Inc/The                                                                | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |       845000 | PA      | $921996.40    | 0.33%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                 | GGAM Finance Ltd                                                                 | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |      1065000 | PA      | $1081294.50   | 0.38%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae I Pool                                                                | CUSIP: 36208WB85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         2282 | PA      | $2324.49      | 0.00%             | 2028-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Corp Trust 2020-DUNE                                      | CUSIP: 36258BAQ1<br>LEI: 5493001UQE7OCP3UT106 | Long             | ABS-MBS          | CORP              | US        |       815545 | PA      | $795777.10    | 0.28%             | 2036-12-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Trust 2019-GSA1                                           | CUSIP: 36261PAZ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $914656.00    | 0.32%             | 2052-11-10      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust              | GS Mortgage-Backed Securities Trust 2025-HE2                                     | CUSIP: 362934AB7<br>LEI: 254900J0PZAB9KZBPX66 | Long             | ABS-O            | CORP              | US        |      1000000 | PA      | $1011450.70   | 0.36%             | 2065-12-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                            | Genesee & Wyoming Inc                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |       780000 | PA      | $802985.82    | 0.28%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                         | Genting New York LLC / GENNY Capital Inc                                         | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       625000 | PA      | $645933.29    | 0.23%             | 2029-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Global Mortgage Securitization Ltd               | Global Mortgage Securitization Ltd                                               | CUSIP: 378961AB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |         4890 | PA      | $4853.00      | 0.00%             | 2032-11-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                          | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |       960000 | PA      | $993725.76    | 0.35%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                       | goeasy Ltd                                                                       | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |       770000 | PA      | $762434.44    | 0.27%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL CAP FND                            | Golub Capital Private Credit Fund                                                | CUSIP: 38179RAD7<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |       500000 | PA      | $505648.03    | 0.18%             | 2030-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                                         | CUSIP: 38381TB61<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       615597 | PA      | $4278.89      | 0.00%             | 2069-04-20      | Variable      | 1.78%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                   | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |       595000 | PA      | $613416.16    | 0.22%             | 2032-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| Gray Television, Inc.                            | Gray Television Inc 2021 Term Loan D                                             | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |       250000 | PA      | $248705.00    | 0.09%             | 2028-12-01      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings II LLC           | Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B                      | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |       769120 | PA      | $750853.67    | 0.27%             | 2032-01-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| GRIFFIN COAL MINING CO                           | Griffin Coal Mining Co Pty Ltd/The                                               | CUSIP: 398186AA4<br>LEI: 98450062A5DBFF1A8463 | Long             | DBT              | CORP              | AU        |      1102511 | PA      | $0.01         | 0.00%             | 2016-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                          | HCA Inc                                                                          | CUSIP: 404119DB2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      1000000 | PA      | $1045756.42   | 0.37%             | 2035-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                           | HA Sustainable Infrastructure Capital Inc                                        | CUSIP: 41068XAG5<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |       475000 | PA      | $498275.00    | 0.18%             | 2056-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                           | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |       825000 | PA      | $836337.98    | 0.30%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |       885000 | PA      | $928863.26    | 0.33%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |       495000 | PA      | $523863.95    | 0.19%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                         | Hertz Corporation (The) 2021 Term Loan B                                         | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |       620957 | PA      | $527813.44    | 0.19%             | 2028-06-30      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                         | Hertz Corporation (The) 2021 Term Loan C                                         | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |       122541 | PA      | $104159.72    | 0.04%             | 2028-06-30      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                         | Hess Midstream Operations LP                                                     | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       300000 | PA      | $303164.10    | 0.11%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                         | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       175000 | PA      | $181125.70    | 0.06%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       565000 | PA      | $545638.02    | 0.19%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                         | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |       605000 | PA      | $624923.86    | 0.22%             | 2032-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                   | Home Partners of America 2021-1 Trust                                            | CUSIP: 437300AG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       847899 | PA      | $769225.04    | 0.27%             | 2041-09-17      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| HUB International Limited                        | HUB International Limited 2025 Term Loan B                                       | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |       913941 | PA      | $913191.57    | 0.32%             | 2030-06-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                            | HUB International Ltd                                                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |       415000 | PA      | $414564.87    | 0.15%             | 2029-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                            | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |       135000 | PA      | $140852.79    | 0.05%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                            | HUB International Ltd                                                            | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |      1000000 | PA      | $1047506.02   | 0.37%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Hudsons Bay Simon JV Trust                       | Hudsons Bay Simon JV Trust 2015-HBS                                              | CUSIP: 44422PBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $996884.30    | 0.35%             | 2034-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRS                                 | Insight Enterprises Inc                                                          | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |       470000 | PA      | $481137.12    | 0.17%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                        | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |       285000 | PA      | $296100.75    | 0.10%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |      1455000 | PA      | $1440737.80   | 0.51%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                | Iron Mountain Inc                                                                | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |      1330000 | PA      | $1270971.54   | 0.45%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                         | JP Morgan Mortgage Trust 2004-A3                                                 | CUSIP: 466247CZ4<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |         1573 | PA      | $1554.49      | 0.00%             | 2034-07-25      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                         | JP Morgan Mortgage Trust 2005-A3                                                 | CUSIP: 466247QY2<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |        41978 | PA      | $42027.79     | 0.01%             | 2035-06-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust       | JPMBB Commercial Mortgage Securities Trust 2013-C15                              | CUSIP: 46640NAP3<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |       170960 | PA      | $153869.05    | 0.05%             | 2045-11-15      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-OSB                  | CUSIP: 46651EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $949254.90    | 0.34%             | 2039-06-05      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                          | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       765000 | PA      | $804330.95    | 0.28%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                          | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       435000 | PA      | $443050.55    | 0.16%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                          | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       335000 | PA      | $348446.47    | 0.12%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                         | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       625000 | PA      | $655796.88    | 0.23%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                         | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       295000 | PA      | $310824.03    | 0.11%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                          | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |       400000 | PA      | $408798.00    | 0.14%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                            | Keysight Technologies Inc                                                        | CUSIP: 49338LAE3<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |       600000 | PA      | $603195.49    | 0.21%             | 2027-04-06      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                               | Caturus Energy LLC                                                               | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |       210000 | PA      | $218952.30    | 0.08%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                              | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |       600000 | PA      | $607162.20    | 0.21%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                             | Kioxia Holdings Corp                                                             | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |       485000 | PA      | $506440.86    | 0.18%             | 2033-07-24      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                    | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |       675000 | PA      | $703438.43    | 0.25%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LSF9 Atlantis Holdings LLC                       | LSF9 Atlantis Holdings LLC 2025 Term Loan B                                      | CUSIP: 50226BAN8<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | LON              | CORP              | US        |       875000 | PA      | $874457.50    | 0.31%             | 2029-03-29      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                         | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              |  | US        |      1020000 | PA      | $1082100.66   | 0.38%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                  | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |       570000 | PA      | $543047.94    | 0.19%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                             | Las Vegas Sands Corp                                                             | CUSIP: 517834AL1<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |       255000 | PA      | $265250.73    | 0.09%             | 2034-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                          | Latam Airlines Group SA                                                          | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |       615000 | PA      | $645245.70    | 0.23%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                          | Latam Airlines Group SA                                                          | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |       470000 | PA      | $492912.50    | 0.17%             | 2031-01-07      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                            | Level 3 Financing Inc                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |       610000 | PA      | $565848.69    | 0.20%             | 2029-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                            | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |       655000 | PA      | $674971.61    | 0.24%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                            | Level 3 Financing Inc                                                            | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |       720000 | PA      | $737088.31    | 0.26%             | 2036-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                         | Liberty Mutual Group Inc                                                         | CUSIP: 53079EBG8<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |       750000 | PA      | $754436.77    | 0.27%             | 2029-02-01      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                | Lithia Motors Inc                                                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |       670000 | PA      | $644918.55    | 0.23%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                           | Lumen Technologies Inc                                                           | CUSIP: 550241AK9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |       656250 | PA      | $656250.00    | 0.23%             | 2032-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                           | Lumen Technologies Inc 2024 Extended Term Loan B2                                | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |       833594 | PA      | $830884.68    | 0.29%             | 2030-04-15      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2022-FL8 Ltd                                                                 | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       497371 | PA      | $497744.57    | 0.18%             | 2037-02-19      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2022-FL8 Ltd                                                                 | CUSIP: 55284JAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $998091.23    | 0.35%             | 2037-02-19      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                       | MFA 2022-INV3 Trust                                                              | CUSIP: 55284PAF2<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $897230.50    | 0.32%             | 2066-12-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                               | MCR 2024-HF1 Mortgage Trust                                                      | CUSIP: 55287FAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       902403 | PA      | $904095.34    | 0.32%             | 2041-12-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| MIP V Waste Holdings LLC                         | MIP V Waste Holdings LLC 2025 Term Loan B                                        | CUSIP: 55316XAE0<br>LEI: 254900RELOGHR3ZGIQ56 | Long             | LON              | CORP              | US        |       578563 | PA      | $578563.40    | 0.20%             | 2032-08-20      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                         | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AE2<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |       460873 | PA      | $387133.32    | 0.14%             | 2031-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                         | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |       264209 | PA      | $277419.45    | 0.10%             | 2030-12-31      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                         | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |       103081 | PA      | $88134.26     | 0.03%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                     | MPH Acquisition Holdings LLC 2025 Exchange 1st Out Term Loan                     | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |       645498 | PA      | $643077.50    | 0.23%             | 2030-12-31      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                          | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       580000 | PA      | $586233.63    | 0.21%             | 2032-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                         | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |       291000 | PA      | $256080.00    | 0.09%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                         | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |       515000 | PA      | $361787.50    | 0.13%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                         | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |       635000 | PA      | $615978.96    | 0.22%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                             | Michaels Cos Inc/The                                                             | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |       505000 | PA      | $492025.79    | 0.17%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MASTR Adjustable Rate Mortgages Trust            | MASTR Adjustable Rate Mortgages Trust 2003-6                                     | CUSIP: 576433GH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         1446 | PA      | $1411.14      | 0.00%             | 2034-01-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| MASTR Adjustable Rate Mortgages Trust            | MASTR Adjustable Rate Mortgages Trust 2004-13                                    | CUSIP: 576433UM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         2111 | PA      | $2099.47      | 0.00%             | 2034-11-21      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                           | Match Group Holdings II LLC                                                      | CUSIP: 57665RAJ5<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |       791000 | PA      | $790949.22    | 0.28%             | 2029-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                           | Match Group Holdings II LLC                                                      | CUSIP: 57667JAC6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |       545000 | PA      | $547023.69    | 0.19%             | 2033-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Company       | Mauser Packaging Solutions Holding Company 2025 Term Loan B                      | CUSIP: 57763TAF0<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |       635000 | PA      | $618559.85    | 0.22%             | 2030-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| McAfee, LLC                                      | McAfee LLC 2024 USD 1st Lien Term Loan B                                         | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |       666257 | PA      | $587972.19    | 0.21%             | 2029-03-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP                          | Pediatrix Medical Group Inc                                                      | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       665000 | PA      | $664950.86    | 0.24%             | 2030-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                              | Medline Borrower LP 2025 Term Loan B                                             | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |       199478 | PA      | $199952.33    | 0.07%             | 2028-10-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| MLCC Mortgage Investors Inc                      | Merrill Lynch Mortgage Investors Trust Series MLCC 2003-G                        | CUSIP: 5899295W4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |         5710 | PA      | $5570.57      | 0.00%             | 2029-01-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                      | MetLife Inc                                                                      | CUSIP: 59156RAP3<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |      1000000 | PA      | $1049350.00   | 0.37%             | 2036-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Michaels Companies Inc                           | Michaels Companies Inc 2021 Term Loan B                                          | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |       763003 | PA      | $755120.79    | 0.27%             | 2028-04-17      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                  | Mid-State Trust XI                                                               | CUSIP: 59549WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        17658 | PA      | $17656.75     | 0.01%             | 2038-07-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                           | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |       500000 | PA      | $484922.00    | 0.17%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                            | Molina Healthcare Inc                                                            | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |       450000 | PA      | $453174.75    | 0.16%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Loan Trust               | Morgan Stanley Mortgage Loan Trust 2004-4                                        | CUSIP: 61748HDQ1<br>LEI: 5493001INKZRJR8O7L63 | Long             | ABS-MBS          | CORP              | US        |         6286 | PA      | $6173.92      | 0.00%             | 2034-09-25      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                   | Morgan Stanley Capital I Trust 2014-150E                                         | CUSIP: 61764BAA1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $938800.10    | 0.33%             | 2032-09-09      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                   | Morgan Stanley Capital I Trust 2021-230P                                         | CUSIP: 61772WAA5<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $971250.00    | 0.34%             | 2038-12-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |       275000 | PA      | $293889.75    | 0.10%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |       380000 | PA      | $389426.28    | 0.14%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |       685000 | PA      | $688784.63    | 0.24%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                            | Nabors Industries Inc                                                            | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |       700000 | PA      | $739221.00    | 0.26%             | 2030-01-31      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                | NatWest Group PLC                                                                | CUSIP: 639057AB4<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |      1000000 | PA      | $925470.33    | 0.33%             | 2035-11-28      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                     | Navient Corp                                                                     | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |       595000 | PA      | $647223.15    | 0.23%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| New Century Home Equity Loan Trust               | New Century Home Equity Loan Trust 2004-3                                        | CUSIP: 64352VHV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       534178 | PA      | $534193.77    | 0.19%             | 2034-11-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC            | New Economy Assets - Phase 1 Sponsor LLC                                         | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1000000 | PA      | $631167.40    | 0.22%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |       605000 | PA      | $598000.27    | 0.21%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |       755000 | PA      | $791575.98    | 0.28%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                        | News Corp                                                                        | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |       500000 | PA      | $499279.40    | 0.18%             | 2032-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                           | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |      1005000 | PA      | $1037043.42   | 0.37%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                          | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAF2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |       175000 | PA      | $181453.81    | 0.06%             | 2028-09-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                  | Nissan Motor Co Ltd                                                              | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |       665000 | PA      | $710168.15    | 0.25%             | 2035-07-17      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| NorthRiver Midstream Finance LP                  | NorthRiver Midstream Finance LP 2023 USD Term Loan B                             | CUSIP: 66679PAB1<br>LEI: 549300SOLNLY3BL6GF18 | Long             | LON              | CORP              | CA        |        99471 | PA      | $99517.89     | 0.04%             | 2030-08-16      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC                             | Oceaneering International Inc                                                    | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |       520000 | PA      | $528363.68    | 0.19%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                         | Omega Healthcare Investors Inc                                                   | CUSIP: 681936BF6<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              |  | US        |       600000 | PA      | $601754.14    | 0.21%             | 2027-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| One New York Plaza Trust 2020-1NYP               | One New York Plaza Trust 2020-1NYP                                               | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $970000.00    | 0.34%             | 2036-01-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                             | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |       955000 | PA      | $1007393.21   | 0.36%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                   | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      1430000 | PA      | $1467547.50   | 0.52%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| OPAL BIDCO                                       | OPAL BIDCO                                                                       | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |       680000 | PA      | $693886.96    | 0.25%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ORION ADVISOR SOLUTIONS INC                      | ORION ADVISOR SOLUTIONS INC 2026 REPRICED TERM LOAN B                            | CUSIP: 68627BAM7<br>LEI: 549300R3BS3HTGTSN386 | Long             | LON              | CORP              | US        |      1000000 | PA      | $995630.00    | 0.35%             | 2030-09-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                         | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       590000 | PA      | $576110.81    | 0.20%             | 2030-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                         | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       775000 | PA      | $816203.65    | 0.29%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                        | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |      1075000 | PA      | $1068486.04   | 0.38%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                        | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |       985000 | PA      | $1016568.25   | 0.36%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                           | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |       985000 | PA      | $991321.73    | 0.35%             | 2027-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                    | PRA Group Inc                                                                    | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |       561000 | PA      | $513946.05    | 0.18%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                           | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |       440000 | PA      | $453318.36    | 0.16%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                         | Pattern Energy Operations LP / Pattern Energy Operations Inc                     | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1385000 | PA      | $1371666.74   | 0.49%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                         | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |       495000 | PA      | $508393.68    | 0.18%             | 2032-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                         | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |      1110000 | PA      | $1091714.86   | 0.39%             | 2032-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc            | Petco Health and Wellness Company Inc 2021 Term Loan B                           | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |       749538 | PA      | $747574.49    | 0.26%             | 2028-03-03      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| PETCO HEALTH AND WELL COM INC                    | PETCO HEALTH AND WELL COM INC 2026 TERM LOAN B                                   | CUSIP: 71601HAG1<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |       690000 | PA      | $673612.50    | 0.24%             | 2031-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PETCO HEALTH & WELLNESS                          | Petco Health & Wellness Co Inc                                                   | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |       145000 | PA      | $145379.74    | 0.05%             | 2031-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| PetSmart Inc                                     | PetSmart Inc 2025 USD Term Loan B                                                | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |       500000 | PA      | $499250.00    | 0.18%             | 2032-08-18      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                         | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       640000 | PA      | $656295.04    | 0.23%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                         | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       475000 | PA      | $494265.05    | 0.18%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                         | Piedmont Operating Partnership LP                                                | CUSIP: 720198AF7<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |       350000 | PA      | $302591.01    | 0.11%             | 2032-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands Inc                  | Cornerstone Building Brands Inc 2021 Term Loan B                                 | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |       932696 | PA      | $717402.12    | 0.25%             | 2028-04-12      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                              | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |       375000 | PA      | $388950.38    | 0.14%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Prairie ECI Acquiror LP                          | Prairie ECI Acquiror LP 2025 Repriced Term Loan B                                | CUSIP: 73955HAF1<br>LEI: 254900Q6KU2LVSIISH22 | Long             | LON              | CORP              | US        |      1129459 | PA      | $1129221.68   | 0.40%             | 2029-08-01      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                        | Prosus NV                                                                        | CUSIP: 74365PAH1<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |      1000000 | PA      | $958501.00    | 0.34%             | 2032-01-19      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FDG/PFG FIN                            | Provident Funding Associates LP / PFG Finance Corp                               | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       465000 | PA      | $487738.50    | 0.17%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                         | Prudential Financial Inc                                                         | CUSIP: 744320AW2<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |       750000 | PA      | $741057.53    | 0.26%             | 2047-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                            | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |       595000 | PA      | $613135.60    | 0.22%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                            | Quikrete Holdings Inc 2025 Term Loan B                                           | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |       352338 | PA      | $352073.25    | 0.12%             | 2032-02-10      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                            | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |       245000 | PA      | $254087.45    | 0.09%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                            | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |       535000 | PA      | $555794.38    | 0.20%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                         | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |       505000 | PA      | $523478.96    | 0.19%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Radiology Partners Inc                           | Radiology Partners Inc 2025 Term Loan                                            | CUSIP: 75041EAN2<br>LEI: 549300SFTAG2177WUZ08 | Long             | LON              | CORP              | US        |       997500 | PA      | $997320.45    | 0.35%             | 2032-06-30      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                           | Radiology Partners Inc                                                           | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |       700000 | PA      | $734979.08    | 0.26%             | 2032-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |      1155000 | PA      | $1294008.56   | 0.46%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer, LLC        | Retained Vantage Data Centers Issuer LLC                                         | CUSIP: 76134KAA2<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |       900000 | PA      | $899231.85    | 0.32%             | 2048-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                           | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |       175000 | PA      | $182417.73    | 0.06%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                   | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       340000 | PA      | $348095.06    | 0.12%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                   | Rocket Cos Inc                                                                   | CUSIP: 77311WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       200000 | PA      | $205724.00    | 0.07%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                   | Rocket Cos Inc                                                                   | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       825000 | PA      | $862114.28    | 0.31%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Rocket Software Inc                              | Rocket Software Inc 2023 USD Term Loan B                                         | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |      1249170 | PA      | $1190621.31   | 0.42%             | 2028-11-28      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                         | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       665000 | PA      | $610622.42    | 0.22%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                              | Rocket Software Inc                                                              | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |       205000 | PA      | $182670.52    | 0.06%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                              | Rocket Software Inc                                                              | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |       725000 | PA      | $723190.21    | 0.26%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                         | ROCKIES EXPRESS PIPELINE                                                         | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |       300000 | PA      | $316437.00    | 0.11%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                         | Rogers Communications Inc                                                        | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |      1450000 | PA      | $1520538.50   | 0.54%             | 2055-04-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                          | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |       230000 | PA      | $236443.65    | 0.08%             | 2031-09-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SESI LLC                                         | SESI LLC                                                                         | CUSIP: 78412FAX2<br>LEI: XDZ56K6RXS5J1ESBZS35 | Long             | DBT              | CORP              | US        |       465000 | PA      | $468871.13    | 0.17%             | 2030-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SFAVE Commercial Mortgage Securities Trust       | SFAVE Commercial Mortgage Securities Trust 2015-5AVE                             | CUSIP: 78413MAQ1<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $762082.40    | 0.27%             | 2043-01-05      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| SHR Trust                                        | SHR Trust 2024-LXRY                                                              | CUSIP: 784234AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $1009989.80   | 0.36%             | 2041-10-15      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                           | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       930000 | PA      | $929541.98    | 0.33%             | 2029-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SDAL Trust                                       | SDAL Trust 2025-DAL                                                              | CUSIP: 78437RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       791000 | PA      | $795518.75    | 0.28%             | 2042-04-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| SDAL Trust                                       | SDAL Trust 2025-DAL                                                              | CUSIP: 78437RAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $1002019.10   | 0.35%             | 2042-04-15      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                            | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |       850000 | PA      | $877560.40    | 0.31%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust               | STWD 2022-FL3 Ltd                                                                | CUSIP: 78485KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       732067 | PA      | $730625.08    | 0.26%             | 2038-11-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                   | SWCH Commercial Mortgage Trust 2025-DATA                                         | CUSIP: 78489CAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       500000 | PA      | $498437.50    | 0.18%             | 2042-02-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                   | Sabre GLBL Inc 2025 Term Loan B1                                                 | CUSIP: 78571YBM1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |       432257 | PA      | $335357.82    | 0.12%             | 2029-07-30      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| SABRE FINANCIAL BORROWER                         | Sabre Financial Borrower LLC                                                     | CUSIP: 78573XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       685000 | PA      | $692781.60    | 0.25%             | 2029-06-15      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP                         | Sally Holdings LLC / Sally Capital Inc                                           | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       405000 | PA      | $419784.53    | 0.15%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP                          | Sammons Financial Group Inc                                                      | CUSIP: 79588TAC4<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |       750000 | PA      | $750274.87    | 0.27%             | 2027-05-12      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                           | Santander Holdings USA Inc                                                       | CUSIP: 80282KBQ8<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |       500000 | PA      | $518729.43    | 0.18%             | 2031-03-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| SATURN OIL & GAS INC                             | Saturn Oil & Gas Inc                                                             | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |       283000 | PA      | $289524.00    | 0.10%             | 2029-06-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte Ltd          | SEAGATE DATA STOR                                                                | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |      1275000 | PA      | $1349193.53   | 0.48%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                           | Sempra                                                                           | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |       510000 | PA      | $505271.03    | 0.18%             | 2052-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                          | Sensata Technologies BV                                                          | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |       875000 | PA      | $888006.00    | 0.31%             | 2030-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                         | Sensata Technologies Inc                                                         | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |       300000 | PA      | $313392.60    | 0.11%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                           | Sequoia Mortgage Trust 2003-1                                                    | CUSIP: 81743PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         1693 | PA      | $1594.53      | 0.00%             | 2033-04-20      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |      1055000 | PA      | $1071735.47   | 0.38%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                              | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      1190000 | PA      | $1122192.73   | 0.40%             | 2030-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                            | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |       200000 | PA      | $197373.98    | 0.07%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                           | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co  | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1005000 | PA      | $1026952.22   | 0.36%             | 2032-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CAN WON/MILLEN                         | Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC    | CUSIP: 83003AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       420000 | PA      | $428589.00    | 0.15%             | 2032-01-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                             | Sonic Automotive Inc                                                             | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |       295000 | PA      | $289906.00    | 0.10%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                             | Sonic Automotive Inc                                                             | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |       695000 | PA      | $670127.55    | 0.24%             | 2031-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                            | Sotheby's/Bidfair Holdings Inc                                                   | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1200000 | PA      | $1150682.28   | 0.41%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                         | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC  | CUSIP: 85208NAE0<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | US        |       337500 | PA      | $339994.32    | 0.12%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                        | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |       895000 | PA      | $929863.40    | 0.33%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                      | SREIT Trust 2021-PALM                                                            | CUSIP: 85237AAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $999375.00    | 0.35%             | 2034-10-15      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                         | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |       410000 | PA      | $419084.37    | 0.15%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                  | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |      1180000 | PA      | $1245456.96   | 0.44%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust Inc                      | Starwood Property Trust Inc 2025 Repriced Term Loan B                            | CUSIP: 85570DAN2<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              |  | US        |       907189 | PA      | $904921.02    | 0.32%             | 2027-11-18      | Floating      | 5.42%                 | No            |                  3 | On Loan: No      |
| STARWOOD PROPERTY TRUST                          | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |       850000 | PA      | $885160.25    | 0.31%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust               | Starwood 2025-SIF5 LLC                                                           | CUSIP: 85573WAA5<br>LEI: 2549003WQA28FWJYLM96 | Long             | ABS-CBDO         | CORP              | US        |      1000000 | PA      | $1002756.00   | 0.36%             | 2037-04-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                         | Store Master Funding I-VII                                                       | CUSIP: 86212VAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       484805 | PA      | $482388.08    | 0.17%             | 2048-10-20      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                         | Store Master Funding I-VII XIV XIX XX XXIV                                       | CUSIP: 86212XAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       493333 | PA      | $495322.17    | 0.18%             | 2053-06-20      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| Structured Adjustable Rate Mortgage Loan Trust   | Structured Adjustable Rate Mortgage Loan Trust                                   | CUSIP: 86359BLB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         7926 | PA      | $6990.73      | 0.00%             | 2034-03-25      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust               | STWD 2025-FL4 LLC                                                                | CUSIP: 863922AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      1000000 | PA      | $1001157.97   | 0.35%             | 2042-11-19      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                          | Surgery Center Holdings Inc                                                      | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |       415000 | PA      | $417827.30    | 0.15%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                              | Synchrony Financial                                                              | CUSIP: 87165BAP8<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |       750000 | PA      | $761346.91    | 0.27%             | 2029-03-19      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                  | Star Parent Inc Term Loan B                                                      | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |      1301812 | PA      | $1302046.83   | 0.46%             | 2030-09-27      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                             | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       515000 | PA      | $520562.52    | 0.18%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                          | TRTX 2022-FL5 Issuer Ltd                                                         | CUSIP: 87277JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       473806 | PA      | $472054.52    | 0.17%             | 2039-02-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                          | TRTX 2025-FL7 Issuer Ltd                                                         | CUSIP: 87277LAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1000000 | PA      | $1000624.20   | 0.35%             | 2043-06-18      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                          | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1300000 | PA      | $1319207.50   | 0.47%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                             | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |       255000 | PA      | $256629.20    | 0.09%             | 2030-08-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                           | Telecom Italia Capital SA                                                        | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |       700000 | PA      | $758882.60    | 0.27%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                       | TELUS Corp                                                                       | CUSIP: 87971MCL5<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |       825000 | PA      | $843752.25    | 0.30%             | 2055-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                       | TELUS Corp                                                                       | CUSIP: 87971MCR2<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |       185000 | PA      | $185826.74    | 0.07%             | 2056-06-09      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                            | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      1400000 | PA      | $1454114.20   | 0.51%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Terwin Mortgage Trust                            | Terwin Mortgage Trust Series TMTS 2003-6HE                                       | CUSIP: 881561CG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        91608 | PA      | $84442.13     | 0.03%             | 2033-11-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                          | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |       900000 | PA      | $1032429.60   | 0.37%             | 2031-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                         | Cloud Software Group Inc 2025 Term Loan B (2031)                                 | CUSIP: 88632NBK5<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |       340272 | PA      | $329533.49    | 0.12%             | 2031-03-21      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                         | Cloud Software Group Inc 2025 Term Loan B (2032)                                 | CUSIP: 88632NBL3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |       762451 | PA      | $738624.45    | 0.26%             | 2032-08-13      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                    | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      2035000 | PA      | $2104135.06   | 0.74%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                    | TransDigm Inc 2025 Term Loan K                                                   | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |       994981 | PA      | $993866.68    | 0.35%             | 2030-03-22      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                | Trinidad & Tobago Government International Bond                                  | CUSIP: 896292AJ8<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |       750000 | PA      | $744375.00    | 0.26%             | 2026-08-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                            | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |       675000 | PA      | $738591.08    | 0.26%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                            | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |       612000 | PA      | $653049.29    | 0.23%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                    | Truist Insurance Holdings LLC 2nd Lien Term Loan                                 | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       276316 | PA      | $277006.58    | 0.10%             | 2032-05-06      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                     | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |       495000 | PA      | $493194.78    | 0.17%             | 2027-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                     | CUSIP: 902613BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |       290000 | PA      | $310967.29    | 0.11%             | 2031-04-12      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                     | CUSIP: 902613BV9<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      1000000 | PA      | $1005602.77   | 0.36%             | 2031-01-08      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                     | US Foods Inc                                                                     | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |      1060000 | PA      | $1078327.82   | 0.38%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RESOLUTE TOPCO INC                               | RESOLUTE TOPCO INC                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        26718 | NS      | $53436.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                 | UWM Holdings LLC                                                                 | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       295000 | PA      | $293136.32    | 0.10%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Vendee Mortgage Trust                            | Vendee Mortgage Trust 2003-2                                                     | CUSIP: 911760TN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       661627 | PA      | $6166.23      | 0.00%             | 2033-05-15      | Variable      | 0.40%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                         | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |      1100000 | PA      | $1086804.84   | 0.38%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Uniti Fiber ABS Issuer LLC                       | Uniti Fiber Abs Issuer LLC                                                       | CUSIP: 91326EAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       510000 | PA      | $523042.54    | 0.19%             | 2055-04-20      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| UNITI GRP/UNITI HLD/CSL                          | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC                      | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              |  | US        |       270000 | PA      | $257154.72    | 0.09%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                          | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       280000 | PA      | $282707.43    | 0.10%             | 2032-06-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                         | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       140000 | PA      | $141819.58    | 0.05%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                          | VZ Secured Financing BV                                                          | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |       800000 | PA      | $722366.32    | 0.26%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                            | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |       985000 | PA      | $1079922.48   | 0.38%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |       650000 | PA      | $664829.75    | 0.24%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |       820000 | PA      | $866982.72    | 0.31%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      1300000 | PA      | $1143640.25   | 0.40%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                          | Veolia Environnement SA                                                          | CUSIP: 92334NAC7<br>LEI: 969500LENY69X51OOT31 | Long             | DBT              | CORP              | FR        |       350000 | PA      | $381088.71    | 0.13%             | 2038-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Veritiv Corporation                              | Veritiv Corporation Term Loan B                                                  | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |       746850 | PA      | $730045.67    | 0.26%             | 2030-12-02      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                             | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |       670000 | PA      | $717400.49    | 0.25%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2021-1                                                | CUSIP: 92537QAE1<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |       210119 | PA      | $193364.48    | 0.07%             | 2066-01-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                         | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |       420000 | PA      | $420122.22    | 0.15%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                 | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |       675000 | PA      | $613406.25    | 0.22%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD                                    | Videotron Ltd                                                                    | CUSIP: 92660FAT1<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |       550000 | PA      | $560055.77    | 0.20%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                               | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |       500000 | PA      | $502016.00    | 0.18%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                               | Viking Cruises Ltd                                                               | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |       235000 | PA      | $238241.04    | 0.08%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                         | Virgin Media Finance PLC                                                         | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |       430000 | PA      | $375721.66    | 0.13%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                         | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |      1190000 | PA      | $1099334.61   | 0.39%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                          | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |       510000 | PA      | $483871.11    | 0.17%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                      | Vistra Corp                                                                      | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |       505000 | PA      | $512637.62    | 0.18%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                      | Vistra Corp                                                                      | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |       600000 | PA      | $658781.40    | 0.23%             | 2029-01-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                         | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |       690000 | PA      | $730103.49    | 0.26%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Vista Management Holding Inc                     | Vista Management Holding Inc 2025 Term Loan B                                    | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |       301950 | PA      | $302327.44    | 0.11%             | 2031-04-01      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                       | VMware LLC                                                                       | CUSIP: 928563AC9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |       750000 | PA      | $750178.96    | 0.27%             | 2027-08-21      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Vital Care Issuer LLC                            | Vital Care Issuer LLC                                                            | CUSIP: 92861WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        40000 | PA      | $40622.00     | 0.01%             | 2056-01-30      | Fixed         | 6.74%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY LP                                | Vornado Realty LP                                                                | CUSIP: 929043AN7<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              |  | US        |       530000 | PA      | $536058.83    | 0.19%             | 2033-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Washington Mutual MSC Mortgage Pass-Through CTFS | Washington Mutual MSC Mortgage Pass-Through Certificates Series 2004-RA4 Trust   | CUSIP: 939336U43<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        40669 | PA      | $42451.63     | 0.02%             | 2034-07-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                      | Wayfair LLC                                                                      | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |       595000 | PA      | $614975.34    | 0.22%             | 2032-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                                 | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |       955000 | PA      | $998781.52    | 0.35%             | 2029-09-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                           | WESCO Distribution Inc                                                           | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |      1015000 | PA      | $1060568.43   | 0.38%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENVIVA EQUITY                                    | ENVIVA EQUITY                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        59579 | NS      | $849000.75    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Westgate Resorts                                 | Westgate Resorts 2022-1 LLC                                                      | CUSIP: 96034JAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        81283 | PA      | $80692.64     | 0.03%             | 2036-08-20      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                   | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |       590000 | PA      | $591538.13    | 0.21%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                         | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       825000 | PA      | $864208.13    | 0.31%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                          | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     85000000 | PA      | $4747422.18   | 1.68%             | 2031-05-29      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                   | ALLSPRING GOVERNMENT MONEY MAR                                                   | CUSIP: 000000000<br>LEI: 549300GFSYYLVYEWA041 | Long             | STIV             | RF                | US        |     14985650 | NS      | $14985649.71  | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                          | Hungary Government Bond                                                          | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   1630000000 | PA      | $5142273.83   | 1.82%             | 2028-10-22      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                    | ZF North America Capital Inc                                                     | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |       490000 | PA      | $488610.02    | 0.17%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                    | ZF North America Capital Inc                                                     | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |       385000 | PA      | $394620.77    | 0.14%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP                          | Zebra Technologies Corp                                                          | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |       775000 | PA      | $798277.90    | 0.28%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                               | Zegona Finance PLC                                                               | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |       854000 | PA      | $900314.98    | 0.32%             | 2029-07-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| MODIVCARE TOPCO LLC                              | MODIVCARE TOPCO LLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        87220 | NS      | $479710.00    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                             | Colombian TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   9000000000 | PA      | $2140802.80   | 0.76%             | 2028-04-28      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                             | Colombian TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  17000000000 | PA      | $3797437.61   | 1.34%             | 2030-09-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                         | European Investment Bank                                                         | CUSIP: 000000000<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |     49000000 | PA      | $3037865.29   | 1.08%             | 2027-05-05      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                          | Romania Government Bond                                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     15800000 | PA      | $3563459.79   | 1.26%             | 2029-02-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                             | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 115000000000 | PA      | $7152815.01   | 2.53%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                         | European Investment Bank                                                         | CUSIP: 000000000<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |     45500000 | PA      | $2877224.16   | 1.02%             | 2030-01-23      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                           | Asian Development Bank                                                           | CUSIP: 000000000<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |      9000000 | PA      | $1704660.11   | 0.60%             | 2026-02-05      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KFW                                              | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 000000000<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |     17500000 | PA      | $1064951.80   | 0.38%             | 2028-01-19      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                         | European Investment Bank                                                         | CUSIP: 000000000<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |     63500000 | PA      | $3825158.35   | 1.35%             | 2032-09-28      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                          | International Bank for Reconstruction & Development                              | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |     15000000 | PA      | $2572751.89   | 0.91%             | 2028-01-14      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                          | European Bank for Reconstruction & Development                                   | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    185000000 | PA      | $1992841.42   | 0.71%             | 2027-10-26      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                         | Asian Infrastructure Investment Bank/The                                         | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    185000000 | PA      | $1889669.79   | 0.67%             | 2031-12-08      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                          | International Bank for Reconstruction & Development                              | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |     22000000 | PA      | $3983639.73   | 1.41%             | 2029-02-09      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                          | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     33500000 | PA      | $1672910.56   | 0.59%             | 2053-07-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| New Zealand Government Bonds                     | New Zealand Government Bonds                                                     | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |      6150000 | PA      | $3653924.73   | 1.29%             | 2034-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                          | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     68500000 | PA      | $3699885.84   | 1.31%             | 2033-05-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                             | Colombian TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  20100000000 | PA      | $5558041.71   | 1.97%             | 2033-02-09      | Fixed         | 13.25%                | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                | International Finance Corp                                                       | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |      7800000 | PA      | $1448676.77   | 0.51%             | 2027-02-03      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                          | Romania Government Bond                                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     14750000 | PA      | $3582489.31   | 1.27%             | 2031-04-28      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                          | Inter-American Development Bank                                                  | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    213000000 | PA      | $2282464.65   | 0.81%             | 2033-04-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                | International Finance Corp                                                       | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |      8000000 | PA      | $1500797.11   | 0.53%             | 2028-02-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                          | Romania Government Bond                                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     14850000 | PA      | $3570227.22   | 1.26%             | 2033-10-30      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                             | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  30000000000 | PA      | $1812332.44   | 0.64%             | 2034-02-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                          | Inter-American Development Bank                                                  | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    176000000 | PA      | $1926054.74   | 0.68%             | 2030-10-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                | International Finance Corp                                                       | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |     16000000 | PA      | $1084929.52   | 0.38%             | 2036-01-22      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                         | Asian Infrastructure Investment Bank/The                                         | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    175000000 | PA      | $1892920.23   | 0.67%             | 2031-07-02      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| Owens-Illinois Inc                               | Owens-Illinois Inc 2025 Term Loan B                                              | CUSIP: 000000000<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | LON              | CORP              | US        |       500000 | PA      | $500470.00    | 0.18%             | 2032-09-30      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ModivCare Buyer LLC                              | ModivCare Buyer LLC Takeback Term Loan                                           | CUSIP: 000000000<br>LEI: 254900MKEPTFAS1J2168 | Long             | LON              | CORP              | US        |       645289 | PA      | $594472.33    | 0.21%             | 2032-12-30      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING COMPANY INC                     | GRAHAM PACKAGING COMPANY INC 2026 TERM LOAN B                                    | CUSIP: 000000000<br>LEI: 549300YS0ZFT826HIK72 | Long             | LON              | CORP              | US        |      1000000 | PA      | $998330.00    | 0.35%             | 2033-01-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KARMAN HOLDINGS LLC                              | KARMAN HOLDINGS LLC 2026 TERM LOAN B                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       500000 | PA      | $500940.00    | 0.18%             | 2032-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                       | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |      1625000 | PA      | $1727046.27   | 0.61%             | 2053-10-22      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                        | BAUSCH + LOMB CORPORATION 2025 REPRICED TERM LOAN                                | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |       837650 | PA      | $842885.31    | 0.30%             | 2031-01-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                           | TK Elevator Midco GmbH 2025 USD Term Loan B                                      | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |       836339 | PA      | $837761.24    | 0.30%             | 2030-04-30      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Opal Bidco SAS                                   | Opal Bidco SAS USD Term Loan B4                                                  | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | LON              | CORP              | US        |       997500 | PA      | $996881.55    | 0.35%             | 2032-04-28      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Azorra Soar TLB Finance Ltd                      | Azorra Soar TLB Finance Ltd 2025 Term Loan B                                     | CUSIP: 000000000<br>LEI: 254900W0D3E1W7DRS089 | Long             | LON              | CORP              | KY        |      1989936 | PA      | $1997397.88   | 0.71%             | 2029-10-18      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| JetBlue Airways Corporation                      | JetBlue Airways Corporation 2024 Term Loan B                                     | CUSIP: 000000000<br>LEI: 54930070J9H97ZO93T57 | Long             | LON              | CORP              | US        |      1154015 | PA      | $1104254.02   | 0.39%             | 2029-08-27      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| Connect Finco Sarl                               | Connect Finco Sarl 2024 Extended Term Loan B                                     | CUSIP: 000000000<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |       626810 | PA      | $623832.77    | 0.22%             | 2029-09-27      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                          | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     58000000 | PA      | $3370876.63   | 1.19%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GRIFFIN COAL MINING CO                           | Griffin Coal Mining Co Pty Ltd/The                                               | CUSIP: 000000000<br>LEI: 98450062A5DBFF1A8463 | Long             | DBT              | CORP              | AU        |        90136 | PA      | $0.00         | 0.00%             | 2016-12-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** ALLSPRING MULTI-SECTOR INCOME FUND

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer