# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001752724-25-203589
**Filing Date:** 2025-8
**Character Count:** 293915
**Document Hash:** d6dd0a2eb2f0f9329f6ee0d4ead78504
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203589.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203589

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001081400

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09253
- **FILM NUMBER:** 251253295

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

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

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

## Series and Classes Contracts Data

### Allspring Diversified Income Builder Fund (Series ID: S000029101)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000089465 | Class A             | EKSAX           |
| C000089467 | Class C             | EKSCX           |
| C000089468 | Institutional Class | EKSYX           |
| C000092802 | Administrator Class | EKSDX           |
| C000205250 | Class R6            | EKSRX           |

## Nport-Ex

Portfolio of investments—June 30, 2025 (unaudited)

Portfolio of investments

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Asset-backed securities: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Frontier Issuer LLC Series 2024-1 Class C144A | 11.16<br> %<br>| &nbsp;&nbsp; 6-20-2054 | $196350 | &nbsp;&nbsp; $220405 |
| &nbsp;&nbsp;&nbsp; Uniti Fiber ABS Issuer LLC Series 2025-1A Class B144A | 6.37 | &nbsp;&nbsp; 4-20-2055 | 380000 | &nbsp;&nbsp; 387033 |
| &nbsp;&nbsp;&nbsp; Ziply Fiber Issuer LLC Series 2024-1A Class C144A | 11.17 | &nbsp;&nbsp; 4-20-2054 | 245000 | &nbsp;&nbsp; 263794 |
| **Total asset-backed securities (Cost $840,406)** |  |  |  | &nbsp;&nbsp; **871232** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Common stocks: 35.61%** |  |  |
| **Communication services: 3.94%** |  |  |
| **Diversified telecommunication services: 1.70%** |  |  |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 68938 | &nbsp;&nbsp; 1995066 |
| &nbsp;&nbsp;&nbsp; Orange SA | 138338 | &nbsp;&nbsp; 2104568 |
| &nbsp;&nbsp;&nbsp; Telenor ASA | 120453 | &nbsp;&nbsp; 1872630 |
|  |  | &nbsp;&nbsp; **5972264** |
| **Interactive media & services: 1.46%** |  |  |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc. Class A | 15930 | &nbsp;&nbsp; 2807344 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. Class A | 3118 | &nbsp;&nbsp; 2301364 |
|  |  | &nbsp;&nbsp; **5108708** |
| **Media: 0.33%** |  |  |
| &nbsp;&nbsp;&nbsp; Publicis Groupe SA | 10311 | &nbsp;&nbsp; **1162115** |
| **Wireless telecommunication services: 0.45%** |  |  |
| &nbsp;&nbsp;&nbsp; SK Telecom Co. Ltd. | 37076 | &nbsp;&nbsp; **1557654** |
| **Consumer discretionary: 3.37%** |  |  |
| **Automobiles: 0.73%** |  |  |
| &nbsp;&nbsp;&nbsp; BYD Co. Ltd. Class H | 88500 | &nbsp;&nbsp; 1381060 |
| &nbsp;&nbsp;&nbsp; Tesla, Inc.† | 3700 | &nbsp;&nbsp; 1175342 |
|  |  | &nbsp;&nbsp; **2556402** |
| **Broadline retail: 1.14%** |  |  |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc.† | 13424 | &nbsp;&nbsp; 2945091 |
| &nbsp;&nbsp;&nbsp; JD.com, Inc. Class A | 65300 | &nbsp;&nbsp; 1063939 |
|  |  | &nbsp;&nbsp; **4009030** |
| **Hotels, restaurants & leisure: 0.37%** |  |  |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | 225 | &nbsp;&nbsp; **1302579** |
| **Household durables: 0.59%** |  |  |
| &nbsp;&nbsp;&nbsp; Haier Smart Home Co. Ltd. Class H | 277600 | &nbsp;&nbsp; 793906 |
| &nbsp;&nbsp;&nbsp; Panasonic Holdings Corp. | 117400 | &nbsp;&nbsp; 1268120 |
|  |  | &nbsp;&nbsp; **2062026** |
| **Specialty retail: 0.25%** |  |  |
| &nbsp;&nbsp;&nbsp; Gap, Inc. | 40728 | &nbsp;&nbsp; **888278** |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 1

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Textiles, apparel & luxury goods: 0.29%** |  |  |
| &nbsp;&nbsp;&nbsp; Deckers Outdoor Corp.† | 9796 | &nbsp;&nbsp; **$1009674** |
| **Consumer staples: 1.66%** |  |  |
| **Beverages: 0.58%** |  |  |
| &nbsp;&nbsp;&nbsp; Coca-Cola HBC AG | 39286 | &nbsp;&nbsp; **2051342** |
| **Consumer staples distribution & retail: 1.08%** |  |  |
| &nbsp;&nbsp;&nbsp; Sysco Corp. | 22013 | &nbsp;&nbsp; 1667265 |
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | 21525 | &nbsp;&nbsp; 2104714 |
|  |  | &nbsp;&nbsp; **3771979** |
| **Energy: 1.59%** |  |  |
| **Independent power and renewable electricity producers: 0.56%** |  |  |
| &nbsp;&nbsp;&nbsp; Enviva, Inc.‡† | 103033 | &nbsp;&nbsp; **1944748** |
| **Oil, gas & consumable fuels: 1.03%** |  |  |
| &nbsp;&nbsp;&nbsp; Cheniere Energy, Inc. | 5294 | &nbsp;&nbsp; 1289195 |
| &nbsp;&nbsp;&nbsp; ConocoPhillips | 15631 | &nbsp;&nbsp; 1402726 |
| &nbsp;&nbsp;&nbsp; Devon Energy Corp. | 29024 | &nbsp;&nbsp; 923253 |
|  |  | &nbsp;&nbsp; **3615174** |
| **Financials: 6.35%** |  |  |
| **Banks: 2.79%** |  |  |
| &nbsp;&nbsp;&nbsp; Banca Monte dei Paschi di Siena SpA | 100863 | &nbsp;&nbsp; 858058 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp. Class H | 1558000 | &nbsp;&nbsp; 1571903 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. | 31370 | &nbsp;&nbsp; 2670215 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA | 59374 | &nbsp;&nbsp; 1123580 |
| &nbsp;&nbsp;&nbsp; DBS Group Holdings Ltd. | 36500 | &nbsp;&nbsp; 1289198 |
| &nbsp;&nbsp;&nbsp; UniCredit SpA | 34069 | &nbsp;&nbsp; 2283889 |
|  |  | &nbsp;&nbsp; **9796843** |
| **Capital markets: 0.90%** |  |  |
| &nbsp;&nbsp;&nbsp; 3i Group PLC | 35186 | &nbsp;&nbsp; 1989880 |
| &nbsp;&nbsp;&nbsp; Plus500 Ltd. | 24696 | &nbsp;&nbsp; 1151208 |
|  |  | &nbsp;&nbsp; **3141088** |
| **Consumer finance: 0.43%** |  |  |
| &nbsp;&nbsp;&nbsp; SLM Corp. | 45735 | &nbsp;&nbsp; **1499651** |
| **Insurance: 1.89%** |  |  |
| &nbsp;&nbsp;&nbsp; Aviva PLC | 173132 | &nbsp;&nbsp; 1471526 |
| &nbsp;&nbsp;&nbsp; BB Seguridade Participacoes SA | 236700 | &nbsp;&nbsp; 1559673 |
| &nbsp;&nbsp;&nbsp; Power Corp. of Canada | 44396 | &nbsp;&nbsp; 1734109 |
| &nbsp;&nbsp;&nbsp; Sompo Holdings, Inc. | 61900 | &nbsp;&nbsp; 1867682 |
|  |  | &nbsp;&nbsp; **6632990** |
| **Mortgage real estate investment trusts (REITs): 0.34%** |  |  |
| &nbsp;&nbsp;&nbsp; Ladder Capital Corp. Class A | 109437 | &nbsp;&nbsp; **1176448** |

---

See accompanying notes to portfolio of investments

2 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Health care: 3.02%** |  |  |
| **Biotechnology: 1.00%** |  |  |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 9369 | &nbsp;&nbsp; $1739074 |
| &nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | 15854 | &nbsp;&nbsp; 1757733 |
|  |  | &nbsp;&nbsp; **3496807** |
| **Health care equipment & supplies: 0.35%** |  |  |
| &nbsp;&nbsp;&nbsp; Lantheus Holdings, Inc.† | 15150 | &nbsp;&nbsp; **1240179** |
| **Health care providers & services: 0.34%** |  |  |
| &nbsp;&nbsp;&nbsp; Cencora, Inc. | 4029 | &nbsp;&nbsp; **1208096** |
| **Pharmaceuticals: 1.33%** |  |  |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 1656 | &nbsp;&nbsp; 1290902 |
| &nbsp;&nbsp;&nbsp; Merck & Co., Inc. | 24253 | &nbsp;&nbsp; 1919867 |
| &nbsp;&nbsp;&nbsp; Pfizer, Inc. | 59630 | &nbsp;&nbsp; 1445431 |
|  |  | &nbsp;&nbsp; **4656200** |
| **Industrials: 2.78%** |  |  |
| **Building products: 1.16%** |  |  |
| &nbsp;&nbsp;&nbsp; Johnson Controls International PLC | 11611 | &nbsp;&nbsp; 1226354 |
| &nbsp;&nbsp;&nbsp; Owens Corning | 7590 | &nbsp;&nbsp; 1043777 |
| &nbsp;&nbsp;&nbsp; Trane Technologies PLC | 4147 | &nbsp;&nbsp; 1813939 |
|  |  | &nbsp;&nbsp; **4084070** |
| **Electrical equipment: 0.38%** |  |  |
| &nbsp;&nbsp;&nbsp; Signify NV144A | 48757 | &nbsp;&nbsp; **1319818** |
| **Industrial conglomerates: 0.89%** |  |  |
| &nbsp;&nbsp;&nbsp; Hitachi Ltd. | 63800 | &nbsp;&nbsp; 1862984 |
| &nbsp;&nbsp;&nbsp; Siemens AG | 4935 | &nbsp;&nbsp; 1265240 |
|  |  | &nbsp;&nbsp; **3128224** |
| **Professional services: 0.35%** |  |  |
| &nbsp;&nbsp;&nbsp; SS&C Technologies Holdings, Inc. | 14733 | &nbsp;&nbsp; **1219892** |
| **Information technology: 10.16%** |  |  |
| **Communications equipment: 0.53%** |  |  |
| &nbsp;&nbsp;&nbsp; Arista Networks, Inc.† | 18124 | &nbsp;&nbsp; **1854266** |
| **Electronic equipment, instruments & components: 0.80%** |  |  |
| &nbsp;&nbsp;&nbsp; TD SYNNEX Corp. | 12132 | &nbsp;&nbsp; 1646312 |
| &nbsp;&nbsp;&nbsp; TE Connectivity PLC | 6792 | &nbsp;&nbsp; 1145607 |
|  |  | &nbsp;&nbsp; **2791919** |
| **IT services: 0.49%** |  |  |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp. | 5854 | &nbsp;&nbsp; **1725642** |
| **Semiconductors & semiconductor equipment: 3.74%** |  |  |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 12102 | &nbsp;&nbsp; 3335916 |
| &nbsp;&nbsp;&nbsp; KLA Corp. | 1739 | &nbsp;&nbsp; 1557692 |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 3

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Semiconductors & semiconductor equipment**(continued) |  |  |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | 34374 | &nbsp;&nbsp; $5430748 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 12251 | &nbsp;&nbsp; 2774729 |
|  |  | &nbsp;&nbsp; **13099085** |
| **Software: 2.74%** |  |  |
| &nbsp;&nbsp;&nbsp; InterDigital, Inc. | 10052 | &nbsp;&nbsp; 2253960 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | 10283 | &nbsp;&nbsp; 5114867 |
| &nbsp;&nbsp;&nbsp; SAP SE | 7329 | &nbsp;&nbsp; 2228661 |
|  |  | &nbsp;&nbsp; **9597488** |
| **Technology hardware, storage & peripherals: 1.86%** |  |  |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | 14255 | &nbsp;&nbsp; 2924698 |
| &nbsp;&nbsp;&nbsp; Dell Technologies, Inc. Class C | 13285 | &nbsp;&nbsp; 1628741 |
| &nbsp;&nbsp;&nbsp; Seagate Technology Holdings PLC | 13689 | &nbsp;&nbsp; 1975734 |
|  |  | &nbsp;&nbsp; **6529173** |
| **Materials: 0.30%** |  |  |
| **Metals & mining: 0.30%** |  |  |
| &nbsp;&nbsp;&nbsp; Alrosa PJSC (Acquired 5-6-2021, cost $65,232)♦†˃ | 42660 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; Fortescue Ltd. | 105211 | &nbsp;&nbsp; 1058058 |
|  |  | &nbsp;&nbsp; **1058058** |
| **Real estate: 1.34%** |  |  |
| **Health care REITs: 0.42%** |  |  |
| &nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc. | 40189 | &nbsp;&nbsp; **1472927** |
| **Retail REITs: 0.36%** |  |  |
| &nbsp;&nbsp;&nbsp; Simon Property Group, Inc. | 7841 | &nbsp;&nbsp; **1260519** |
| **Specialized REITs: 0.56%** |  |  |
| &nbsp;&nbsp;&nbsp; VICI Properties, Inc. Class A | 60079 | &nbsp;&nbsp; **1958575** |
| **Utilities: 1.09%** |  |  |
| **Gas utilities: 0.59%** |  |  |
| &nbsp;&nbsp;&nbsp; UGI Corp. | 56348 | &nbsp;&nbsp; **2052194** |
| **Multi-utilities: 0.50%** |  |  |
| &nbsp;&nbsp;&nbsp; Engie SA | 75123 | &nbsp;&nbsp; **1763187** |
| **Investment Companies: 0.01%** |  |  |
| &nbsp;&nbsp;&nbsp; Resolute Topco, Inc.‡† | 5151 | &nbsp;&nbsp; **28331** |
| **Total common stocks (Cost $89,745,916)** |  | &nbsp;&nbsp; **124803643** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal |  |
| **Corporate bonds and notes: 34.59%** |  |  |  |  |
| **Basic materials: 0.60%** |  |  |  |  |
| **Chemicals: 0.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC | 6.50<br> %<br>| &nbsp;&nbsp; 4-15-2030 | $545000 | &nbsp;&nbsp; 557877 |

---

See accompanying notes to portfolio of investments

4 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Chemicals**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chemours Co.144A | 8.00<br> %<br>| &nbsp;&nbsp; 1-15-2033 | $495000 | &nbsp;&nbsp; $463522 |
| &nbsp;&nbsp;&nbsp; SCIH Salt Holdings, Inc.144A | 6.63 | &nbsp;&nbsp; 5-1-2029 | 650000 | &nbsp;&nbsp; 635508 |
|  |  |  |  | &nbsp;&nbsp; **1656907** |
| **Iron/steel: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.144A | 7.00 | &nbsp;&nbsp; 3-15-2032 | 460000 | &nbsp;&nbsp; **433624** |
| **Communications: 4.56%** |  |  |  |  |
| **Advertising: 0.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc.144A | 5.13 | &nbsp;&nbsp; 8-15-2027 | 450000 | &nbsp;&nbsp; 444881 |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc.144A | 9.00 | &nbsp;&nbsp; 9-15-2028 | 660000 | &nbsp;&nbsp; 691563 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital Corp.144A | 4.63 | &nbsp;&nbsp; 3-15-2030 | 225000 | &nbsp;&nbsp; 214900 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital Corp.144A | 7.38 | &nbsp;&nbsp; 2-15-2031 | 800000 | &nbsp;&nbsp; 846971 |
|  |  |  |  | &nbsp;&nbsp; **2198315** |
| **Internet: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arches Buyer, Inc.144A | 4.25 | &nbsp;&nbsp; 6-1-2028 | 250000 | &nbsp;&nbsp; 239285 |
| &nbsp;&nbsp;&nbsp; Arches Buyer, Inc.144A | 6.13 | &nbsp;&nbsp; 12-1-2028 | 335000 | &nbsp;&nbsp; 308103 |
| &nbsp;&nbsp;&nbsp; Cablevision Lightpath LLC144A | 5.63 | &nbsp;&nbsp; 9-15-2028 | 425000 | &nbsp;&nbsp; 410574 |
| &nbsp;&nbsp;&nbsp; Match Group Holdings II LLC144A | 5.63 | &nbsp;&nbsp; 2-15-2029 | 360000 | &nbsp;&nbsp; 357369 |
|  |  |  |  | &nbsp;&nbsp; **1315331** |
| **Media: 2.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 4.25 | &nbsp;&nbsp; 1-15-2034 | 925000 | &nbsp;&nbsp; 823423 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 4.50 | &nbsp;&nbsp; 8-15-2030 | 1700000 | &nbsp;&nbsp; 1620745 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 5.00 | &nbsp;&nbsp; 2-1-2028 | 475000 | &nbsp;&nbsp; 470623 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 5.38 | &nbsp;&nbsp; 6-1-2029 | 400000 | &nbsp;&nbsp; 398538 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 3.38 | &nbsp;&nbsp; 2-15-2031 | 570000 | &nbsp;&nbsp; 394947 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 5.50 | &nbsp;&nbsp; 4-15-2027 | 760000 | &nbsp;&nbsp; 725607 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 5.75 | &nbsp;&nbsp; 1-15-2030 | 335000 | &nbsp;&nbsp; 165686 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 11.25 | &nbsp;&nbsp; 5-15-2028 | 375000 | &nbsp;&nbsp; 373589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DIRECTV Financing LLC/DIRECTV Financing Co-Obligor, <br> Inc.144A<br>| 5.88 | &nbsp;&nbsp; 8-15-2027 | 135000 | &nbsp;&nbsp; 134559 |
| &nbsp;&nbsp;&nbsp; DISH DBS Corp.144A | 5.75 | &nbsp;&nbsp; 12-1-2028 | 210000 | &nbsp;&nbsp; 181781 |
| &nbsp;&nbsp;&nbsp; DISH Network Corp.144A | 11.75 | &nbsp;&nbsp; 11-15-2027 | 1220000 | &nbsp;&nbsp; 1257608 |
| &nbsp;&nbsp;&nbsp; Paramount Global (3 Month LIBOR+3.90%)± | 6.25 | &nbsp;&nbsp; 2-28-2057 | 415000 | &nbsp;&nbsp; 390617 |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC144A | 4.13 | &nbsp;&nbsp; 7-1-2030 | 835000 | &nbsp;&nbsp; 769903 |
|  |  |  |  | &nbsp;&nbsp; **7707626** |
| **Telecommunications: 1.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CommScope LLC144A | 8.25 | &nbsp;&nbsp; 3-1-2027 | 620000 | &nbsp;&nbsp; 617611 |
| &nbsp;&nbsp;&nbsp; EchoStar Corp. (PIK at 6.75%)¥ | 6.75 | &nbsp;&nbsp; 11-30-2030 | 1711256 | &nbsp;&nbsp; 1561744 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 3.63 | &nbsp;&nbsp; 1-15-2029 | 525000 | &nbsp;&nbsp; 448875 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 3.88 | &nbsp;&nbsp; 10-15-2030 | 350000 | &nbsp;&nbsp; 303625 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 6.88 | &nbsp;&nbsp; 6-30-2033 | 275000 | &nbsp;&nbsp; 279819 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc.144A | 10.00 | &nbsp;&nbsp; 10-15-2032 | 562375 | &nbsp;&nbsp; 574325 |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 5

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Telecommunications**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Viasat, Inc.144A | 5.63<br> %<br>| &nbsp;&nbsp; 4-15-2027 | $335000 | &nbsp;&nbsp; $333686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Windstream Services LLC/Windstream Escrow Finance <br> Corp.144A<br>| 8.25 | &nbsp;&nbsp; 10-1-2031 | 600000 | &nbsp;&nbsp; 628372 |
|  |  |  |  | &nbsp;&nbsp; **4748057** |
| **Consumer, cyclical: 5.32%** |  |  |  |  |
| **Airlines: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd.144A | 5.50 | &nbsp;&nbsp; 4-20-2026 | 108333 | &nbsp;&nbsp; 108085 |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd.144A | 5.75 | &nbsp;&nbsp; 4-20-2029 | 225000 | &nbsp;&nbsp; 224802 |
|  |  |  |  | &nbsp;&nbsp; **332887** |
| **Apparel: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC (PIK at 10.75%)144A¥%% | 10.00 | &nbsp;&nbsp; 7-15-2033 | 380000 | &nbsp;&nbsp; **393876** |
| **Auto parts & equipment: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.144A | 7.50 | &nbsp;&nbsp; 2-15-2033 | 380000 | &nbsp;&nbsp; 388588 |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.144A | 8.25 | &nbsp;&nbsp; 4-15-2031 | 115000 | &nbsp;&nbsp; 120836 |
| &nbsp;&nbsp;&nbsp; ZF North America Capital, Inc.144A | 6.88 | &nbsp;&nbsp; 4-23-2032 | 390000 | &nbsp;&nbsp; 360454 |
|  |  |  |  | &nbsp;&nbsp; **869878** |
| **Distribution/wholesale: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; RB Global Holdings, Inc.144A | 7.75 | &nbsp;&nbsp; 3-15-2031 | 140000 | &nbsp;&nbsp; **147176** |
| **Entertainment: 1.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CCM Merger, Inc.144A | 6.38 | &nbsp;&nbsp; 5-1-2026 | 1460000 | &nbsp;&nbsp; 1460488 |
| &nbsp;&nbsp;&nbsp; Churchill Downs, Inc.144A | 6.75 | &nbsp;&nbsp; 5-1-2031 | 525000 | &nbsp;&nbsp; 539606 |
| &nbsp;&nbsp;&nbsp; Cinemark USA, Inc.144A | 7.00 | &nbsp;&nbsp; 8-1-2032 | 1325000 | &nbsp;&nbsp; 1375569 |
| &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 | 675000 | &nbsp;&nbsp; 696218 |
| &nbsp;&nbsp;&nbsp; WarnerMedia Holdings, Inc. | 5.05 | &nbsp;&nbsp; 3-15-2042 | 575000 | &nbsp;&nbsp; 387406 |
| &nbsp;&nbsp;&nbsp; WarnerMedia Holdings, Inc. Series WI | 4.05 | &nbsp;&nbsp; 3-15-2029 | 420000 | &nbsp;&nbsp; 390172 |
|  |  |  |  | &nbsp;&nbsp; **4849459** |
| **Home builders: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LGI Homes, Inc.144A | 8.75 | &nbsp;&nbsp; 12-15-2028 | 570000 | &nbsp;&nbsp; 592537 |
| &nbsp;&nbsp;&nbsp; Tri Pointe Homes, Inc. | 5.70 | &nbsp;&nbsp; 6-15-2028 | 270000 | &nbsp;&nbsp; 272391 |
|  |  |  |  | &nbsp;&nbsp; **864928** |
| **Home furnishings: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Whirlpool Corp. | 6.13 | &nbsp;&nbsp; 6-15-2030 | 110000 | &nbsp;&nbsp; **110967** |
| **Housewares: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. | 6.38 | &nbsp;&nbsp; 5-15-2030 | 460000 | &nbsp;&nbsp; 447499 |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc.144A | 8.50 | &nbsp;&nbsp; 6-1-2028 | 575000 | &nbsp;&nbsp; 603872 |
|  |  |  |  | &nbsp;&nbsp; **1051371** |
| **Leisure time: 0.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 6.75 | &nbsp;&nbsp; 2-1-2032 | 280000 | &nbsp;&nbsp; 286056 |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 7.75 | &nbsp;&nbsp; 2-15-2029 | 330000 | &nbsp;&nbsp; 350883 |

---

See accompanying notes to portfolio of investments

6 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Leisure time**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 8.13<br> %<br>| &nbsp;&nbsp; 1-15-2029 | $210000 | &nbsp;&nbsp; $221378 |
| &nbsp;&nbsp;&nbsp; Sabre Global, Inc.144A | 10.75 | &nbsp;&nbsp; 11-15-2029 | 609000 | &nbsp;&nbsp; 625776 |
| &nbsp;&nbsp;&nbsp; Sabre Global, Inc.144A | 11.13 | &nbsp;&nbsp; 7-15-2030 | 55000 | &nbsp;&nbsp; 57530 |
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd.144A | 5.88 | &nbsp;&nbsp; 9-15-2027 | 170000 | &nbsp;&nbsp; 170095 |
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd.144A | 7.00 | &nbsp;&nbsp; 2-15-2029 | 690000 | &nbsp;&nbsp; 696051 |
|  |  |  |  | &nbsp;&nbsp; **2407769** |
| **Lodging: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Genting New York LLC/GENNY Capital, Inc.144A | 7.25 | &nbsp;&nbsp; 10-1-2029 | 525000 | &nbsp;&nbsp; 544693 |
| &nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., Inc.144A | 6.13 | &nbsp;&nbsp; 4-1-2032 | 615000 | &nbsp;&nbsp; 629843 |
|  |  |  |  | &nbsp;&nbsp; **1174536** |
| **Retail: 1.84%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Carvana Co. (PIK at 13.00%)144A¥ | 9.00 | &nbsp;&nbsp; 6-1-2030 | 1090000 | &nbsp;&nbsp; 1145970 |
| &nbsp;&nbsp;&nbsp; FirstCash, Inc.144A | 4.63 | &nbsp;&nbsp; 9-1-2028 | 405000 | &nbsp;&nbsp; 397639 |
| &nbsp;&nbsp;&nbsp; FirstCash, Inc.144A | 6.88 | &nbsp;&nbsp; 3-1-2032 | 705000 | &nbsp;&nbsp; 729529 |
| &nbsp;&nbsp;&nbsp; Group 1 Automotive, Inc.144A | 6.38 | &nbsp;&nbsp; 1-15-2030 | 430000 | &nbsp;&nbsp; 441551 |
| &nbsp;&nbsp;&nbsp; Lithia Motors, Inc.144A | 4.38 | &nbsp;&nbsp; 1-15-2031 | 505000 | &nbsp;&nbsp; 480192 |
| &nbsp;&nbsp;&nbsp; Macy's Retail Holdings LLC144A | 6.13 | &nbsp;&nbsp; 3-15-2032 | 460000 | &nbsp;&nbsp; 438552 |
| &nbsp;&nbsp;&nbsp; PetSmart, Inc./PetSmart Finance Corp.144A | 7.75 | &nbsp;&nbsp; 2-15-2029 | 405000 | &nbsp;&nbsp; 393555 |
| &nbsp;&nbsp;&nbsp; QXO Building Products, Inc.144A | 6.75 | &nbsp;&nbsp; 4-30-2032 | 450000 | &nbsp;&nbsp; 463591 |
| &nbsp;&nbsp;&nbsp; Saks Global Enterprises LLC144A | 11.00 | &nbsp;&nbsp; 12-15-2029 | 720000 | &nbsp;&nbsp; 270000 |
| &nbsp;&nbsp;&nbsp; Sally Holdings LLC/Sally Capital, Inc. | 6.75 | &nbsp;&nbsp; 3-1-2032 | 370000 | &nbsp;&nbsp; 379845 |
| &nbsp;&nbsp;&nbsp; Sonic Automotive, Inc.144A | 4.63 | &nbsp;&nbsp; 11-15-2029 | 260000 | &nbsp;&nbsp; 252264 |
| &nbsp;&nbsp;&nbsp; Sonic Automotive, Inc.144A | 4.88 | &nbsp;&nbsp; 11-15-2031 | 495000 | &nbsp;&nbsp; 470486 |
| &nbsp;&nbsp;&nbsp; Walgreens Boots Alliance, Inc. | 8.13 | &nbsp;&nbsp; 8-15-2029 | 545000 | &nbsp;&nbsp; 578014 |
|  |  |  |  | &nbsp;&nbsp; **6441188** |
| **Consumer, non-cyclical: 6.08%** |  |  |  |  |
| **Commercial services: 2.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC144A | 7.88 | &nbsp;&nbsp; 2-15-2031 | 520000 | &nbsp;&nbsp; 543240 |
| &nbsp;&nbsp;&nbsp; Block, Inc. | 6.50 | &nbsp;&nbsp; 5-15-2032 | 700000 | &nbsp;&nbsp; 722206 |
| &nbsp;&nbsp;&nbsp; CoreCivic, Inc. | 8.25 | &nbsp;&nbsp; 4-15-2029 | 1230000 | &nbsp;&nbsp; 1304113 |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 8.63 | &nbsp;&nbsp; 4-15-2029 | 725000 | &nbsp;&nbsp; 767579 |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 10.25 | &nbsp;&nbsp; 4-15-2031 | 725000 | &nbsp;&nbsp; 795149 |
| &nbsp;&nbsp;&nbsp; Grand Canyon University | 5.13 | &nbsp;&nbsp; 10-1-2028 | 1000000 | &nbsp;&nbsp; 969864 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc.144A | 7.00 | &nbsp;&nbsp; 6-15-2030 | 625000 | &nbsp;&nbsp; 652723 |
| &nbsp;&nbsp;&nbsp; Hertz Corp.144A | 12.63 | &nbsp;&nbsp; 7-15-2029 | 150000 | &nbsp;&nbsp; 156864 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC/Prime Finance, Inc.144A | 6.25 | &nbsp;&nbsp; 1-15-2028 | 150000 | &nbsp;&nbsp; 150235 |
| &nbsp;&nbsp;&nbsp; Service Corp. International | 5.75 | &nbsp;&nbsp; 10-15-2032 | 660000 | &nbsp;&nbsp; 666731 |
| &nbsp;&nbsp;&nbsp; Sotheby's ArtFi Master Trust144A | 5.88 | &nbsp;&nbsp; 6-1-2029 | 795000 | &nbsp;&nbsp; 715915 |
| &nbsp;&nbsp;&nbsp; Veritiv Operating Co.144A | 10.50 | &nbsp;&nbsp; 11-30-2030 | 440000 | &nbsp;&nbsp; 476298 |
|  |  |  |  | &nbsp;&nbsp; **7920917** |
| **Food: 0.55%** |  |  |  |  |
| &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 | 450000 | &nbsp;&nbsp; 449548 |
| &nbsp;&nbsp;&nbsp; B&G Foods, Inc.144A | 8.00 | &nbsp;&nbsp; 9-15-2028 | 785000 | &nbsp;&nbsp; 755788 |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 7

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Food**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Lamb Weston Holdings, Inc.144A | 4.38<br> %<br>| &nbsp;&nbsp; 1-31-2032 | $500000 | &nbsp;&nbsp; $468250 |
| &nbsp;&nbsp;&nbsp; Performance Food Group, Inc.144A | 6.13 | &nbsp;&nbsp; 9-15-2032 | 260000 | &nbsp;&nbsp; 265963 |
|  |  |  |  | &nbsp;&nbsp; **1939549** |
| **Healthcare-services: 2.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc.144A | 5.25 | &nbsp;&nbsp; 5-15-2030 | 355000 | &nbsp;&nbsp; 314795 |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc.144A | 6.00 | &nbsp;&nbsp; 1-15-2029 | 475000 | &nbsp;&nbsp; 456888 |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc.144A | 10.88 | &nbsp;&nbsp; 1-15-2032 | 475000 | &nbsp;&nbsp; 503437 |
| &nbsp;&nbsp;&nbsp; Concentra Health Services, Inc.144A | 6.88 | &nbsp;&nbsp; 7-15-2032 | 525000 | &nbsp;&nbsp; 543566 |
| &nbsp;&nbsp;&nbsp; DaVita, Inc.144A | 6.88 | &nbsp;&nbsp; 9-1-2032 | 1300000 | &nbsp;&nbsp; 1347034 |
| &nbsp;&nbsp;&nbsp; Eastern Maine Healthcare Systems | 5.02 | &nbsp;&nbsp; 7-1-2036 | 1000000 | &nbsp;&nbsp; 938057 |
| &nbsp;&nbsp;&nbsp; IQVIA, Inc.144A | 6.25 | &nbsp;&nbsp; 6-1-2032 | 225000 | &nbsp;&nbsp; 230899 |
| &nbsp;&nbsp;&nbsp; IQVIA, Inc.144A | 6.50 | &nbsp;&nbsp; 5-15-2030 | 490000 | &nbsp;&nbsp; 505181 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC144A | 5.75 | &nbsp;&nbsp; 12-31-2030 | 235163 | &nbsp;&nbsp; 193716 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC (PIK at 0.75%)144A¥ | 6.75 | &nbsp;&nbsp; 3-31-2031 | 396993 | &nbsp;&nbsp; 296256 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC (PIK at 5.00%)144A¥ | 11.50 | &nbsp;&nbsp; 12-31-2030 | 207685 | &nbsp;&nbsp; 205966 |
| &nbsp;&nbsp;&nbsp; Pediatrix Medical Group, Inc.144A | 5.38 | &nbsp;&nbsp; 2-15-2030 | 390000 | &nbsp;&nbsp; 385551 |
| &nbsp;&nbsp;&nbsp; Radiology Partners, Inc.144A | 8.50 | &nbsp;&nbsp; 7-15-2032 | 395000 | &nbsp;&nbsp; 395920 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc.144A | 9.00 | &nbsp;&nbsp; 10-1-2030 | 875000 | &nbsp;&nbsp; 920342 |
| &nbsp;&nbsp;&nbsp; Surgery Center Holdings, Inc.144A | 7.25 | &nbsp;&nbsp; 4-15-2032 | 430000 | &nbsp;&nbsp; 438175 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. | 6.75 | &nbsp;&nbsp; 5-15-2031 | 1125000 | &nbsp;&nbsp; 1163913 |
| &nbsp;&nbsp;&nbsp; Toledo Hospital | 6.02 | &nbsp;&nbsp; 11-15-2048 | 1000000 | &nbsp;&nbsp; 911250 |
|  |  |  |  | &nbsp;&nbsp; **9750946** |
| **Household products/wares: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Garden & Pet Co. | 4.13 | &nbsp;&nbsp; 10-15-2030 | 345000 | &nbsp;&nbsp; **325677** |
| **Pharmaceuticals: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AdaptHealth LLC144A | 5.13 | &nbsp;&nbsp; 3-1-2030 | 525000 | &nbsp;&nbsp; 498816 |
| &nbsp;&nbsp;&nbsp; Endo Finance Holdings, Inc.144A | 8.50 | &nbsp;&nbsp; 4-15-2031 | 840000 | &nbsp;&nbsp; 889189 |
|  |  |  |  | &nbsp;&nbsp; **1388005** |
| **Energy: 4.08%** |  |  |  |  |
| **Energy-alternate sources: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Enviva Partners LP/Enviva Partners Finance Corp.144A♦† | 6.50 | &nbsp;&nbsp; 1-15-2026 | 2460000 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; TerraForm Power Operating LLC144A | 4.75 | &nbsp;&nbsp; 1-15-2030 | 300000 | &nbsp;&nbsp; 287218 |
| &nbsp;&nbsp;&nbsp; TerraForm Power Operating LLC144A | 5.00 | &nbsp;&nbsp; 1-31-2028 | 710000 | &nbsp;&nbsp; 702768 |
|  |  |  |  | &nbsp;&nbsp; **989986** |
| **Oil & gas: 0.90%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp.144A | 7.50 | &nbsp;&nbsp; 10-1-2029 | 375000 | &nbsp;&nbsp; 393350 |
| &nbsp;&nbsp;&nbsp; California Resources Corp.144A | 8.25 | &nbsp;&nbsp; 6-15-2029 | 300000 | &nbsp;&nbsp; 307943 |
| &nbsp;&nbsp;&nbsp; Encino Acquisition Partners Holdings LLC144A | 8.75 | &nbsp;&nbsp; 5-1-2031 | 240000 | &nbsp;&nbsp; 265045 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co.144A | 6.00 | &nbsp;&nbsp; 2-1-2031 | 700000 | &nbsp;&nbsp; 675065 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co.144A | 8.38 | &nbsp;&nbsp; 11-1-2033 | 65000 | &nbsp;&nbsp; 67443 |
| &nbsp;&nbsp;&nbsp; Kimmeridge Texas Gas LLC144A | 8.50 | &nbsp;&nbsp; 2-15-2030 | 145000 | &nbsp;&nbsp; 150067 |
| &nbsp;&nbsp;&nbsp; Kraken Oil & Gas Partners LLC144A | 7.63 | &nbsp;&nbsp; 8-15-2029 | 200000 | &nbsp;&nbsp; 196485 |
| &nbsp;&nbsp;&nbsp; Murphy Oil Corp. | 6.00 | &nbsp;&nbsp; 10-1-2032 | 305000 | &nbsp;&nbsp; 290784 |

---

See accompanying notes to portfolio of investments

8 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Oil & gas**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nabors Industries Ltd.144A | 7.50<br> %<br>| &nbsp;&nbsp; 1-15-2028 | $285000 | &nbsp;&nbsp; $254257 |
| &nbsp;&nbsp;&nbsp; Nabors Industries, Inc.144A | 8.88 | &nbsp;&nbsp; 8-15-2031 | 335000 | &nbsp;&nbsp; 248841 |
| &nbsp;&nbsp;&nbsp; Nabors Industries, Inc.144A | 9.13 | &nbsp;&nbsp; 1-31-2030 | 315000 | &nbsp;&nbsp; 301614 |
|  |  |  |  | &nbsp;&nbsp; **3150894** |
| **Oil & gas services: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock Partners Finance Corp.144A | 6.63 | &nbsp;&nbsp; 9-1-2032 | 320000 | &nbsp;&nbsp; 326028 |
| &nbsp;&nbsp;&nbsp; Bristow Group, Inc.144A | 6.88 | &nbsp;&nbsp; 3-1-2028 | 1245000 | &nbsp;&nbsp; 1251234 |
| &nbsp;&nbsp;&nbsp; Oceaneering International, Inc. | 6.00 | &nbsp;&nbsp; 2-1-2028 | 300000 | &nbsp;&nbsp; 302473 |
|  |  |  |  | &nbsp;&nbsp; **1879735** |
| **Pipelines: 2.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream Finance <br> Corp.144A<br>| 6.63 | &nbsp;&nbsp; 2-1-2032 | 220000 | &nbsp;&nbsp; 227227 |
| &nbsp;&nbsp;&nbsp; Buckeye Partners LP | 5.85 | &nbsp;&nbsp; 11-15-2043 | 425000 | &nbsp;&nbsp; 374577 |
| &nbsp;&nbsp;&nbsp; Buckeye Partners LP144A | 6.88 | &nbsp;&nbsp; 7-1-2029 | 260000 | &nbsp;&nbsp; 269366 |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook Holdco LLC144A | 5.50 | &nbsp;&nbsp; 6-15-2031 | 150000 | &nbsp;&nbsp; 148184 |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook Holdco LLC144A | 7.50 | &nbsp;&nbsp; 12-15-2033 | 955000 | &nbsp;&nbsp; 1036259 |
| &nbsp;&nbsp;&nbsp; Excelerate Energy LP144A | 8.00 | &nbsp;&nbsp; 5-15-2030 | 445000 | &nbsp;&nbsp; 469101 |
| &nbsp;&nbsp;&nbsp; Harvest Midstream I LP144A | 7.50 | &nbsp;&nbsp; 9-1-2028 | 730000 | &nbsp;&nbsp; 742436 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP144A | 5.50 | &nbsp;&nbsp; 10-15-2030 | 225000 | &nbsp;&nbsp; 225997 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP144A | 6.50 | &nbsp;&nbsp; 6-1-2029 | 145000 | &nbsp;&nbsp; 149119 |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings LP144A | 5.88 | &nbsp;&nbsp; 6-15-2030 | 705000 | &nbsp;&nbsp; 710978 |
| &nbsp;&nbsp;&nbsp; Prairie Acquiror LP144A | 9.00 | &nbsp;&nbsp; 8-1-2029 | 500000 | &nbsp;&nbsp; 520808 |
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC144A | 6.75 | &nbsp;&nbsp; 3-15-2033 | 155000 | &nbsp;&nbsp; 161769 |
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC144A | 6.88 | &nbsp;&nbsp; 4-15-2040 | 855000 | &nbsp;&nbsp; 856490 |
| &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 | 800000 | &nbsp;&nbsp; 784973 |
| &nbsp;&nbsp;&nbsp; Venture Global Calcasieu Pass LLC144A | 6.25 | &nbsp;&nbsp; 1-15-2030 | 445000 | &nbsp;&nbsp; 458962 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc.144A | 8.38 | &nbsp;&nbsp; 6-1-2031 | 750000 | &nbsp;&nbsp; 778977 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc.144A | 9.88 | &nbsp;&nbsp; 2-1-2032 | 355000 | &nbsp;&nbsp; 383387 |
|  |  |  |  | &nbsp;&nbsp; **8298610** |
| **Financial: 6.01%** |  |  |  |  |
| **Banks: 0.18%** |  |  |  |  |
| &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 | 630000 | &nbsp;&nbsp; **621327** |
| **Diversified financial services: 2.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aircastle Ltd. Series A (5 Year Treasury Constant <br> Maturity+4.41%)144Aʊ±<br>| 5.25 | &nbsp;&nbsp; 6-15-2026 | 820000 | &nbsp;&nbsp; 811637 |
| &nbsp;&nbsp;&nbsp; Azorra Finance Ltd.144A%% | 7.25 | &nbsp;&nbsp; 1-15-2031 | 180000 | &nbsp;&nbsp; 183766 |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, Inc.144A | 9.25 | &nbsp;&nbsp; 4-1-2029 | 575000 | &nbsp;&nbsp; 611474 |
| &nbsp;&nbsp;&nbsp; EZCORP, Inc.144A | 7.38 | &nbsp;&nbsp; 4-1-2032 | 390000 | &nbsp;&nbsp; 410517 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc.144A | 6.13 | &nbsp;&nbsp; 11-1-2032 | 120000 | &nbsp;&nbsp; 121146 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc.144A | 6.75 | &nbsp;&nbsp; 5-1-2033 | 270000 | &nbsp;&nbsp; 277616 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc.144A | 7.13 | &nbsp;&nbsp; 4-30-2031 | 655000 | &nbsp;&nbsp; 689163 |
| &nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp.144A | 5.00 | &nbsp;&nbsp; 8-15-2028 | 485000 | &nbsp;&nbsp; 468838 |
| &nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp.144A | 6.63 | &nbsp;&nbsp; 10-15-2031 | 425000 | &nbsp;&nbsp; 423469 |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 9

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Diversified financial services**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC144A | 8.25<br> %<br>| &nbsp;&nbsp; 5-15-2030 | $230000 | &nbsp;&nbsp; $238314 |
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC144A | 9.50 | &nbsp;&nbsp; 2-15-2029 | 425000 | &nbsp;&nbsp; 448608 |
| &nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings, Inc.144A | 6.50 | &nbsp;&nbsp; 8-1-2029 | 100000 | &nbsp;&nbsp; 102145 |
| &nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings, Inc.144A | 7.13 | &nbsp;&nbsp; 2-1-2032 | 610000 | &nbsp;&nbsp; 633604 |
| &nbsp;&nbsp;&nbsp; Navient Corp. | 11.50 | &nbsp;&nbsp; 3-15-2031 | 705000 | &nbsp;&nbsp; 798736 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp. | 7.88 | &nbsp;&nbsp; 3-15-2030 | 710000 | &nbsp;&nbsp; 754424 |
| &nbsp;&nbsp;&nbsp; PRA Group, Inc.144A | 5.00 | &nbsp;&nbsp; 10-1-2029 | 410000 | &nbsp;&nbsp; 377852 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc.144A | 6.13 | &nbsp;&nbsp; 8-1-2030 | 270000 | &nbsp;&nbsp; 275138 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC144A | 5.50 | &nbsp;&nbsp; 4-15-2029 | 900000 | &nbsp;&nbsp; 873590 |
|  |  |  |  | &nbsp;&nbsp; **8500037** |
| **Insurance: 0.90%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-<br> Issuer144A<br>| 7.38 | &nbsp;&nbsp; 10-1-2032 | 1150000 | &nbsp;&nbsp; 1185436 |
| &nbsp;&nbsp;&nbsp; AmWINS Group, Inc.144A | 6.38 | &nbsp;&nbsp; 2-15-2029 | 315000 | &nbsp;&nbsp; 321059 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd.144A | 5.63 | &nbsp;&nbsp; 12-1-2029 | 365000 | &nbsp;&nbsp; 365049 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd.144A | 7.25 | &nbsp;&nbsp; 6-15-2030 | 125000 | &nbsp;&nbsp; 130630 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd.144A | 7.38 | &nbsp;&nbsp; 1-31-2032 | 755000 | &nbsp;&nbsp; 789978 |
| &nbsp;&nbsp;&nbsp; Panther Escrow Issuer LLC144A | 7.13 | &nbsp;&nbsp; 6-1-2031 | 350000 | &nbsp;&nbsp; 363563 |
|  |  |  |  | &nbsp;&nbsp; **3155715** |
| **REITs: 2.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc.144A | 7.75 | &nbsp;&nbsp; 12-1-2029 | 465000 | &nbsp;&nbsp; 494627 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 8.88 | &nbsp;&nbsp; 4-12-2029 | 1175000 | &nbsp;&nbsp; 1272135 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc.144A | 4.50 | &nbsp;&nbsp; 2-15-2031 | 335000 | &nbsp;&nbsp; 319185 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc.144A | 5.25 | &nbsp;&nbsp; 7-15-2030 | 1525000 | &nbsp;&nbsp; 1504141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance <br> Corp.144A<br>| 7.00 | &nbsp;&nbsp; 7-15-2031 | 725000 | &nbsp;&nbsp; 758125 |
| &nbsp;&nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp.144A | 8.50 | &nbsp;&nbsp; 2-15-2032 | 460000 | &nbsp;&nbsp; 481416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property LLC/PK <br> Finance Co-Issuer144A<br>| 5.88 | &nbsp;&nbsp; 10-1-2028 | 395000 | &nbsp;&nbsp; 394498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property LLC/PK <br> Finance Co-Issuer144A<br>| 7.00 | &nbsp;&nbsp; 2-1-2030 | 230000 | &nbsp;&nbsp; 236541 |
| &nbsp;&nbsp;&nbsp; RHP Hotel Properties LP/RHP Finance Corp.144A | 6.50 | &nbsp;&nbsp; 6-15-2033 | 220000 | &nbsp;&nbsp; 226324 |
| &nbsp;&nbsp;&nbsp; Service Properties Trust | 8.38 | &nbsp;&nbsp; 6-15-2029 | 295000 | &nbsp;&nbsp; 306826 |
| &nbsp;&nbsp;&nbsp; Service Properties Trust144A | 8.63 | &nbsp;&nbsp; 11-15-2031 | 1175000 | &nbsp;&nbsp; 1261447 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc.144A | 6.50 | &nbsp;&nbsp; 7-1-2030 | 675000 | &nbsp;&nbsp; 697181 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC144A | 6.00 | &nbsp;&nbsp; 1-15-2030 | 135000 | &nbsp;&nbsp; 126468 |
| &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 | 225000 | &nbsp;&nbsp; 227283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC144A<br>| 10.50 | &nbsp;&nbsp; 2-15-2028 | 466000 | &nbsp;&nbsp; 493980 |
|  |  |  |  | &nbsp;&nbsp; **8800177** |

---

See accompanying notes to portfolio of investments

10 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Industrial: 3.40%** |  |  |  |  |
| **Aerospace/defense: 0.72%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc.144A | 9.75<br> %<br>| &nbsp;&nbsp; 11-15-2030 | $775000 | &nbsp;&nbsp; $854709 |
| &nbsp;&nbsp;&nbsp; TransDigm, Inc.144A | 6.63 | &nbsp;&nbsp; 3-1-2032 | 1595000 | &nbsp;&nbsp; 1651453 |
|  |  |  |  | &nbsp;&nbsp; **2506162** |
| **Building materials: 0.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Builders FirstSource, Inc.144A | 6.38 | &nbsp;&nbsp; 3-1-2034 | 455000 | &nbsp;&nbsp; 463678 |
| &nbsp;&nbsp;&nbsp; Camelot Return Merger Sub, Inc.144A | 8.75 | &nbsp;&nbsp; 8-1-2028 | 515000 | &nbsp;&nbsp; 474938 |
| &nbsp;&nbsp;&nbsp; EMRLD Borrower LP/Emerald Co-Issuer, Inc.144A | 6.63 | &nbsp;&nbsp; 12-15-2030 | 725000 | &nbsp;&nbsp; 741075 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc.144A | 6.38 | &nbsp;&nbsp; 3-1-2032 | 185000 | &nbsp;&nbsp; 190239 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc.144A | 6.75 | &nbsp;&nbsp; 3-1-2033 | 325000 | &nbsp;&nbsp; 335344 |
|  |  |  |  | &nbsp;&nbsp; **2205274** |
| **Electrical components & equipment: 0.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Energizer Holdings, Inc.144A | 4.38 | &nbsp;&nbsp; 3-31-2029 | 825000 | &nbsp;&nbsp; 780297 |
| &nbsp;&nbsp;&nbsp; WESCO Distribution, Inc.144A | 6.63 | &nbsp;&nbsp; 3-15-2032 | 725000 | &nbsp;&nbsp; 753398 |
|  |  |  |  | &nbsp;&nbsp; **1533695** |
| **Environmental control: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clean Harbors, Inc.144A | 6.38 | &nbsp;&nbsp; 2-1-2031 | 380000 | &nbsp;&nbsp; **389319** |
| **Machinery-diversified: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc.144A | 7.50 | &nbsp;&nbsp; 1-1-2030 | 230000 | &nbsp;&nbsp; 240793 |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc.144A | 9.50 | &nbsp;&nbsp; 1-1-2031 | 455000 | &nbsp;&nbsp; 485672 |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc.144A | 5.25 | &nbsp;&nbsp; 7-15-2027 | 335000 | &nbsp;&nbsp; 334765 |
|  |  |  |  | &nbsp;&nbsp; **1061230** |
| **Packaging & containers: 0.54%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh Metal <br> Packaging Finance PLC144A<br>| 6.00 | &nbsp;&nbsp; 6-15-2027 | 730000 | &nbsp;&nbsp; 732242 |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc.144A | 6.88 | &nbsp;&nbsp; 1-15-2030 | 245000 | &nbsp;&nbsp; 250458 |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc.144A | 8.75 | &nbsp;&nbsp; 4-15-2030 | 370000 | &nbsp;&nbsp; 378445 |
| &nbsp;&nbsp;&nbsp; Sealed Air Corp./Sealed Air Corp. U.S.144A | 7.25 | &nbsp;&nbsp; 2-15-2031 | 500000 | &nbsp;&nbsp; 526239 |
|  |  |  |  | &nbsp;&nbsp; **1887384** |
| **Transportation: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Genesee & Wyoming, Inc.144A | 6.25 | &nbsp;&nbsp; 4-15-2032 | 585000 | &nbsp;&nbsp; **596918** |
| **Trucking & leasing: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Fortress Transportation & Infrastructure Investors LLC144A | 5.50 | &nbsp;&nbsp; 5-1-2028 | 560000 | &nbsp;&nbsp; 556986 |
| &nbsp;&nbsp;&nbsp; Fortress Transportation & Infrastructure Investors LLC144A | 7.00 | &nbsp;&nbsp; 5-1-2031 | 825000 | &nbsp;&nbsp; 854234 |
| &nbsp;&nbsp;&nbsp; Fortress Transportation & Infrastructure Investors LLC144A | 7.00 | &nbsp;&nbsp; 6-15-2032 | 310000 | &nbsp;&nbsp; 320084 |
|  |  |  |  | &nbsp;&nbsp; **1731304** |
| **Technology: 2.23%** |  |  |  |  |
| **Computers: 0.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Diebold Nixdorf, Inc.144A | 7.75 | &nbsp;&nbsp; 3-31-2030 | 595000 | &nbsp;&nbsp; 631233 |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 11

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Computers**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Insight Enterprises, Inc.144A | 6.63<br> %<br>| &nbsp;&nbsp; 5-15-2032 | $295000 | &nbsp;&nbsp; $303890 |
| &nbsp;&nbsp;&nbsp; Seagate HDD Cayman | 8.50 | &nbsp;&nbsp; 7-15-2031 | 635000 | &nbsp;&nbsp; 681470 |
|  |  |  |  | &nbsp;&nbsp; **1616593** |
| **Office/business equipment: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Zebra Technologies Corp.144A | 6.50 | &nbsp;&nbsp; 6-1-2032 | 490000 | &nbsp;&nbsp; **503856** |
| **Semiconductors: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 5.95 | &nbsp;&nbsp; 6-15-2030 | 265000 | &nbsp;&nbsp; **269212** |
| **Software: 1.55%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc.144A | 6.50 | &nbsp;&nbsp; 2-15-2030 | 650000 | &nbsp;&nbsp; 639773 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 6.50 | &nbsp;&nbsp; 3-31-2029 | 530000 | &nbsp;&nbsp; 534936 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 8.25 | &nbsp;&nbsp; 6-30-2032 | 1025000 | &nbsp;&nbsp; 1090835 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 9.00 | &nbsp;&nbsp; 9-30-2029 | 1165000 | &nbsp;&nbsp; 1207552 |
| &nbsp;&nbsp;&nbsp; Ellucian Holdings, Inc.144A | 6.50 | &nbsp;&nbsp; 12-1-2029 | 525000 | &nbsp;&nbsp; 536914 |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc.144A | 9.00 | &nbsp;&nbsp; 11-28-2028 | 650000 | &nbsp;&nbsp; 670023 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies, Inc.144A | 6.50 | &nbsp;&nbsp; 6-1-2032 | 720000 | &nbsp;&nbsp; 747443 |
|  |  |  |  | &nbsp;&nbsp; **5427476** |
| **Utilities: 2.31%** |  |  |  |  |
| **Electric: 2.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AES Corp. (5 Year Treasury Constant Maturity+2.89%)± | 6.95 | &nbsp;&nbsp; 7-15-2055 | 600000 | &nbsp;&nbsp; 585305 |
| &nbsp;&nbsp;&nbsp; AES Corp. (5 Year Treasury Constant Maturity+3.20%)± | 7.60 | &nbsp;&nbsp; 1-15-2055 | 495000 | &nbsp;&nbsp; 509652 |
| &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 | 420000 | &nbsp;&nbsp; 405676 |
| &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 | 730000 | &nbsp;&nbsp; 755704 |
| &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 | 925000 | &nbsp;&nbsp; 896197 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. | 5.25 | &nbsp;&nbsp; 7-1-2030 | 750000 | &nbsp;&nbsp; 714482 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. (5 Year Treasury Constant Maturity+3.88%)± | 7.38 | &nbsp;&nbsp; 3-15-2055 | 870000 | &nbsp;&nbsp; 823907 |
| &nbsp;&nbsp;&nbsp; Sempra (5 Year Treasury Constant Maturity+2.87%)± | 4.13 | &nbsp;&nbsp; 4-1-2052 | 410000 | &nbsp;&nbsp; 394235 |
| &nbsp;&nbsp;&nbsp; Vistra Corp. (5 Year Treasury Constant Maturity+5.74%)144Aʊ± | 7.00 | &nbsp;&nbsp; 12-15-2026 | 445000 | &nbsp;&nbsp; 450355 |
| &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 | 625000 | &nbsp;&nbsp; 679305 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 7.75 | &nbsp;&nbsp; 10-15-2031 | 620000 | &nbsp;&nbsp; 658963 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP144A | 7.25 | &nbsp;&nbsp; 1-15-2029 | 780000 | &nbsp;&nbsp; 799603 |
|  |  |  |  | &nbsp;&nbsp; **7673384** |
| **Gas: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC144A | 7.50 | &nbsp;&nbsp; 5-1-2033 | 400000 | &nbsp;&nbsp; **428329** |
| **Total corporate bonds and notes (Cost $119,271,092)** |  |  |  | &nbsp;&nbsp; **121255606** |

---

See accompanying notes to portfolio of investments

12 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Foreign corporate bonds and notes: 6.46%** |  |  |  |  |  |
| **Financial: 6.46%** |  |  |  |  |  |
| **Banks: 5.00%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABN AMRO Bank NV (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+3.90%)ʊ±<br>| 4.75<br> %<br>| &nbsp;&nbsp; 9-22-2027 | EUR | 1300000 | &nbsp;&nbsp; $1525976 |
| &nbsp;&nbsp;&nbsp; AIB Group PLC (EURIBOR ICE Swap Rate 11:00am+4.39%)ʊ± | 7.13 | &nbsp;&nbsp; 10-30-2029 | EUR | 1000000 | &nbsp;&nbsp; 1245683 |
| &nbsp;&nbsp;&nbsp; Bankinter SA (EURIBOR ICE Swap Rate 11:00am+3.86%)ʊ± | 6.00 | &nbsp;&nbsp; 6-30-2030 | EUR | 1000000 | &nbsp;&nbsp; 1172061 |
| &nbsp;&nbsp;&nbsp; Barclays PLC (5 Year GBP OIS (SONIA) SWAP Rate+4.69%)ʊ± | 8.38 | &nbsp;&nbsp; 9-15-2031 | GBP | 600000 | &nbsp;&nbsp; 849327 |
| &nbsp;&nbsp;&nbsp; BAWAG Group AG (EURIBOR ICE Swap Rate 11:00am+5.05%)ʊ± | 7.25 | &nbsp;&nbsp; 9-18-2029 | EUR | 800000 | &nbsp;&nbsp; 981346 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA (EURIBOR ICE Swap Rate 11:00am+5.14%)ʊ± | 8.25 | &nbsp;&nbsp; 3-13-2029 | EUR | 800000 | &nbsp;&nbsp; 1054770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Agricole SA (EURIBOR ICE Swap Rate <br> 11:00am+4.44%)ʊ±<br>| 7.25 | &nbsp;&nbsp; 9-23-2028 | EUR | 1300000 | &nbsp;&nbsp; 1650014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deutsche Bank AG (EURIBOR ICE Swap Rate <br> 11:00am+5.11%)ʊ±<br>| 7.38 | &nbsp;&nbsp; 10-30-2031 | EUR | 600000 | &nbsp;&nbsp; 735686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+5.85%)ʊ±<br>| 5.50 | &nbsp;&nbsp; 3-1-2028 | EUR | 1200000 | &nbsp;&nbsp; 1443579 |
| &nbsp;&nbsp;&nbsp; Investec PLC (UK Gilts 5 Year+6.57%)ʊ± | 10.50 | &nbsp;&nbsp; 8-28-2029 | GBP | 500000 | &nbsp;&nbsp; 754099 |
| &nbsp;&nbsp;&nbsp; KBC Group NV (EURIBOR ICE Swap Rate 11:00am+3.99%)ʊ± | 6.25 | &nbsp;&nbsp; 9-17-2031 | EUR | 1000000 | &nbsp;&nbsp; 1209883 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC (UK Gilts 5 Year+5.88%)ʊ± | 8.50 | &nbsp;&nbsp; 9-27-2027 | GBP | 1000000 | &nbsp;&nbsp; 1439566 |
| &nbsp;&nbsp;&nbsp; NatWest Group PLC (UK Gilts 5 Year+3.29%)ʊ± | 7.50 | &nbsp;&nbsp; 2-28-2032 | GBP | 1000000 | &nbsp;&nbsp; 1360639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unicaja Banco SA (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+5.02%)ʊ±<br>| 4.88 | &nbsp;&nbsp; 11-18-2026 | EUR | 600000 | &nbsp;&nbsp; 701438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UniCredit SpA (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+4.61%)ʊ±<br>| 4.45 | &nbsp;&nbsp; 12-3-2027 | EUR | 1200000 | &nbsp;&nbsp; 1406770 |
|  |  |  |  |  | &nbsp;&nbsp; **17530837** |
| **Insurance: 0.90%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Achmea BV (EURIBOR ICE Swap Rate 11:00am+3.74%)ʊ± | 6.13 | &nbsp;&nbsp; 1-28-2035 | EUR | 250000 | &nbsp;&nbsp; 296079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASR Nederland NV (EURIBOR ICE Swap Rate <br> 11:00am+4.03%)ʊ±<br>| 6.63 | &nbsp;&nbsp; 12-27-2031 | EUR | 900000 | &nbsp;&nbsp; 1116242 |
| &nbsp;&nbsp;&nbsp; Aviva PLC (UK Gilts 5 Year+4.65%)ʊ± | 6.88 | &nbsp;&nbsp; 12-15-2031 | GBP | 750000 | &nbsp;&nbsp; 1022358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gothaer Allgemeine Versicherung AG (3 Month <br> EURIBOR+3.50%)±<br>| 5.00 | &nbsp;&nbsp; 6-20-2045 | EUR | 200000 | &nbsp;&nbsp; 237012 |
| &nbsp;&nbsp;&nbsp; SCOR SE (EURIBOR ICE Swap Rate 11:00am+3.86%)ʊ± | 6.00 | &nbsp;&nbsp; 6-20-2034 | EUR | 400000 | &nbsp;&nbsp; 477713 |
|  |  |  |  |  | &nbsp;&nbsp; **3149404** |
| **Savings & loans: 0.56%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Coventry Building Society (UK Gilts 5 Year+4.73%)ʊ± | 8.75 | &nbsp;&nbsp; 6-11-2029 | GBP | 400000 | &nbsp;&nbsp; 575217 |
| &nbsp;&nbsp;&nbsp; Nationwide Building Society (UK Gilts 5 Year+3.85%)ʊ± | 7.50 | &nbsp;&nbsp; 12-20-2030 | GBP | 1000000 | &nbsp;&nbsp; 1385415 |
|  |  |  |  |  | &nbsp;&nbsp; **1960632** |
| **Total foreign corporate bonds and notes (Cost $20,144,650)** |  |  |  |  | &nbsp;&nbsp; **22640873** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Investment companies: 0.77%** |  |  |
| **Exchange-traded funds: 0.77%** |  |  |
| &nbsp;&nbsp;&nbsp; iShares Core MSCI EAFE ETF | 32350 | &nbsp;&nbsp; **2700578** |
| **Total investment companies (Cost $2,459,000)** |  | &nbsp;&nbsp; **2700578** |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 13

------

Portfolio of investments—June 30, 2025 (unaudited)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Loans: 2.61%** |  |  |  |  |
| **Communications: 0.94%** |  |  |  |  |
| **Media: 0.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC (U.S. SOFR 1 Month+4.50%)± | 8.81<br> %<br>| &nbsp;&nbsp; 1-18-2028 | $611403 | &nbsp;&nbsp; $602238 |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC (U.S. SOFR 3 Month+5.25%)± | 9.79 | &nbsp;&nbsp; 8-2-2029 | 627362 | &nbsp;&nbsp; 621371 |
| &nbsp;&nbsp;&nbsp; EW Scripps Co. (U.S. SOFR 1 Month+5.75%)± | 10.18 | &nbsp;&nbsp; 7-14-2025 | 220000 | &nbsp;&nbsp; 212758 |
| &nbsp;&nbsp;&nbsp; Hubbard Radio LLC (U.S. SOFR 1 Month+4.50%)± | 8.83 | &nbsp;&nbsp; 9-30-2027 | 284401 | &nbsp;&nbsp; 160686 |
|  |  |  |  | &nbsp;&nbsp; **1597053** |
| **Telecommunications: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CommScope, Inc. (U.S. SOFR 1 Month+5.25%)± | 9.58 | &nbsp;&nbsp; 12-17-2029 | 1160000 | &nbsp;&nbsp; 1172691 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc. (U.S. SOFR 1 Month+2.35%)± | 6.79 | &nbsp;&nbsp; 4-15-2030 | 530000 | &nbsp;&nbsp; 522797 |
|  |  |  |  | &nbsp;&nbsp; **1695488** |
| **Consumer, cyclical: 0.46%** |  |  |  |  |
| **Airlines: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; SkyMiles IP Ltd. (U.S. SOFR 3 Month+3.75%)± | 8.02 | &nbsp;&nbsp; 10-20-2027 | 354404 | &nbsp;&nbsp; 356134 |
| &nbsp;&nbsp;&nbsp; Vista Management Holding, Inc. (U.S. SOFR 3 Month+3.75%)± | 8.05 | &nbsp;&nbsp; 4-1-2031 | 205000 | &nbsp;&nbsp; 205342 |
|  |  |  |  | &nbsp;&nbsp; **561476** |
| **Auto parts & equipment: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; First Brands Group LLC (U.S. SOFR 3 Month+5.00%)± | 9.54 | &nbsp;&nbsp; 3-30-2027 | 291816 | &nbsp;&nbsp; **275200** |
| **Housewares: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Greetings Corp. (U.S. SOFR 1 Month+5.75%)± | 10.08 | &nbsp;&nbsp; 10-30-2029 | 377714 | &nbsp;&nbsp; **377401** |
| **Retail: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., Inc. (U.S. SOFR 3 Month+3.25%)± | 7.81 | &nbsp;&nbsp; 3-3-2028 | 420000 | &nbsp;&nbsp; **385988** |
| **Consumer, non-cyclical: 0.46%** |  |  |  |  |
| **Commercial services: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. (U.S. SOFR 1 Month+5.25%)± | 9.58 | &nbsp;&nbsp; 4-13-2029 | 235959 | &nbsp;&nbsp; 236254 |
| &nbsp;&nbsp;&nbsp; Hertz Corp. (U.S. SOFR 3 Month+3.50%)± | 8.04 | &nbsp;&nbsp; 6-30-2028 | 433114 | &nbsp;&nbsp; 358943 |
|  |  |  |  | &nbsp;&nbsp; **595197** |
| **Healthcare-products: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corp. (U.S. SOFR 1 Month+4.25%)± | 8.57 | &nbsp;&nbsp; 6-26-2030 | 65000 | &nbsp;&nbsp; **65041** |
| **Healthcare-services: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Modivcare, Inc. (U.S. SOFR 3 Month+4.75%)± | 9.05 | &nbsp;&nbsp; 7-1-2031 | 1064622 | &nbsp;&nbsp; 773629 |
| &nbsp;&nbsp;&nbsp; Modivcare, Inc. (U.S. SOFR 3 Month+7.50%)± | 11.71 | &nbsp;&nbsp; 1-9-2026 | 183553 | &nbsp;&nbsp; 138766 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC (U.S. SOFR 3 Month+3.75%)± | 8.03 | &nbsp;&nbsp; 12-31-2030 | 50032 | &nbsp;&nbsp; 49156 |
|  |  |  |  | &nbsp;&nbsp; **961551** |
| **Energy: 0.07%** |  |  |  |  |
| **Pipelines: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Prairie Acquiror LP (U.S. SOFR 1 Month+4.25%)± | 8.58 | &nbsp;&nbsp; 8-1-2029 | 266635 | &nbsp;&nbsp; **268051** |

---

See accompanying notes to portfolio of investments

14 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Financial: 0.26%** |  |  |  |  |
| **Insurance: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Asurion LLC (U.S. SOFR 1 Month+3.25%)± | 7.69<br> %<br>| &nbsp;&nbsp; 7-31-2027 | $272863 | &nbsp;&nbsp; $272464 |
| &nbsp;&nbsp;&nbsp; Asurion LLC (U.S. SOFR 1 Month+5.25%)± | 9.69 | &nbsp;&nbsp; 1-31-2028 | 659029 | &nbsp;&nbsp; 628549 |
|  |  |  |  | &nbsp;&nbsp; **901013** |
| **Industrial: 0.26%** |  |  |  |  |
| **Aerospace/defense: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc. (U.S. SOFR 3 Month+4.50%)± | 8.78 | &nbsp;&nbsp; 1-15-2027 | 139641 | &nbsp;&nbsp; **139641** |
| **Building materials: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CP Atlas Buyer, Inc. (U.S. SOFR 1 Month+3.75%)± | 8.18 | &nbsp;&nbsp; 11-23-2027 | 571508 | &nbsp;&nbsp; 568890 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc. (U.S. SOFR 1 Month+2.25%)± | 6.58 | &nbsp;&nbsp; 2-10-2032 | 214462 | &nbsp;&nbsp; 214087 |
|  |  |  |  | &nbsp;&nbsp; **782977** |
| **Technology: 0.16%** |  |  |  |  |
| **Computers: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; McAfee Corp. (U.S. SOFR 1 Month+3.00%)± | 7.32 | &nbsp;&nbsp; 3-1-2029 | 379050 | &nbsp;&nbsp; **367599** |
| **Software: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc. (U.S. SOFR 1 Month+4.25%)± | 8.58 | &nbsp;&nbsp; 11-28-2028 | 182690 | &nbsp;&nbsp; **183041** |
| **Total loans (Cost $9,624,776)** |  |  |  | &nbsp;&nbsp; **9156717** |
| **Municipal obligations: 3.25%** |  |  |  |  |
| **California: 0.48%** |  |  |  |  |
| **Education revenue: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; California PFA EEC, Inc. Series B144A | 5.00 | &nbsp;&nbsp; 6-15-2031 | 860000 | &nbsp;&nbsp; 824762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Fenton Charter Public <br> Schools Series B144A<br>| 4.25 | &nbsp;&nbsp; 7-1-2025 | 140000 | &nbsp;&nbsp; 140000 |
|  |  |  |  | &nbsp;&nbsp; **964762** |
| **Tobacco revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Golden State Tobacco Securitization Corp. Series A-1 | 4.21 | &nbsp;&nbsp; 6-1-2050 | 1000000 | &nbsp;&nbsp; **720226** |
|  |  |  |  | &nbsp;&nbsp; **1684988** |
| **Colorado: 0.13%** |  |  |  |  |
| **Health revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Denver Health & Hospital Authority Series B | 5.15 | &nbsp;&nbsp; 12-1-2026 | 445000 | &nbsp;&nbsp; **445177** |
| **Florida: 0.38%** |  |  |  |  |
| **Education revenue: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Higher Educational Facilities Financing Authority <br> Jacksonville University Series A-2144A<br>| 5.43 | &nbsp;&nbsp; 6-1-2027 | 255000 | &nbsp;&nbsp; **256322** |
| **Water & sewer revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte County IDA MSKP Town & Country Utility LLC <br> Series B144A<br>| 5.00 | &nbsp;&nbsp; 10-1-2036 | 1180000 | &nbsp;&nbsp; **1069687** |
|  |  |  |  | &nbsp;&nbsp; **1326009** |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 15

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Georgia: 0.06%** |  |  |  |  |
| **Health revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Development Authority of Cobb County Presbyterian Village <br> Austell, Inc. Series B144A<br>| 5.75<br> %<br>| &nbsp;&nbsp; 12-1-2028 | $200000 | &nbsp;&nbsp; **$198146** |
| **Guam: 0.16%** |  |  |  |  |
| **Airport revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Antonio B Won Pat International Airport Authority Series A | 4.46 | &nbsp;&nbsp; 10-1-2043 | 675000 | &nbsp;&nbsp; **560585** |
| **Illinois: 0.35%** |  |  |  |  |
| **GO revenue: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series E | 6.04 | &nbsp;&nbsp; 12-1-2029 | 1255000 | &nbsp;&nbsp; **1233521** |
| **Indiana: 0.14%** |  |  |  |  |
| **Health revenue: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Knox Good Samaritan Hospital Obligated Group <br> Series B<br>| 5.90 | &nbsp;&nbsp; 4-1-2034 | 480000 | &nbsp;&nbsp; **475370** |
| **Iowa: 0.34%** |  |  |  |  |
| **Housing revenue: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Coralville Series C | 5.00 | &nbsp;&nbsp; 5-1-2030 | 1200000 | &nbsp;&nbsp; **1197504** |
| **Louisiana: 0.15%** |  |  |  |  |
| **Health revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana Local Government Environmental Facilities & CDA <br> Glen Retirement System Obligated Group Series B<br>| 5.75 | &nbsp;&nbsp; 1-1-2029 | 525000 | &nbsp;&nbsp; **515170** |
| **New Jersey: 0.27%** |  |  |  |  |
| **Education revenue: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey Educational Facilities Authority Georgian Court <br> University A New Jersey Non Profit Corp. Series H<br>| 4.25 | &nbsp;&nbsp; 7-1-2028 | 1000000 | &nbsp;&nbsp; **961026** |
| **New York: 0.07%** |  |  |  |  |
| **Health revenue: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson County Civic Facility Development Corp. Samaritan <br> Medical Center Obligated Group Series B<br>| 4.25 | &nbsp;&nbsp; 11-1-2028 | 150000 | &nbsp;&nbsp; **145884** |
| **Utilities revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Energy Research & Development Authority <br> Series A<br>| 4.81 | &nbsp;&nbsp; 4-1-2034 | 105000 | &nbsp;&nbsp; **104294** |
|  |  |  |  | &nbsp;&nbsp; **250178** |
| **Oklahoma: 0.14%** |  |  |  |  |
| **Health revenue: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority OU Medicine <br> Obligated Group Series C<br>| 5.45 | &nbsp;&nbsp; 8-15-2028 | 500000 | &nbsp;&nbsp; **486484** |

---

See accompanying notes to portfolio of investments

16 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Texas: 0.46%** |  |  |  |  |
| **Industrial development revenue: 0.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont IDA Jefferson 2020 Bond Lessee & <br> Borrower LLC Obligated Group Series B144A<br>| 4.10<br> %<br>| &nbsp;&nbsp; 1-1-2028 | $700000 | &nbsp;&nbsp; $619399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District Jefferson 2020 Bond <br> Lessee & Borrower LLC Obligated Group Series B144A<br>| 10.00 | &nbsp;&nbsp; 7-1-2026 | 1000000 | &nbsp;&nbsp; 1010317 |
|  |  |  |  | &nbsp;&nbsp; **1629716** |
| **Wisconsin: 0.12%** |  |  |  |  |
| **Education revenue: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PFA Burrell College of Osteopathic Medicine LLC144A | 5.13 | &nbsp;&nbsp; 6-1-2028 | 430000 | &nbsp;&nbsp; **421825** |
| **Total municipal obligations (Cost $12,055,956)** |  |  |  | &nbsp;&nbsp; **11385699** |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  | Dividend <br>rate<br>| Shares |  |
| **Preferred stocks: 0.32%** |  |  |  |
| **Energy: 0.32%** |  |  |  |
| **Oil, gas & consumable fuels: 0.32%** |  |  |  |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA - Petrobras | 0.06 | 194412 | &nbsp;&nbsp; **1122867** |
| **Total preferred stocks (Cost $1,428,048)** |  |  | &nbsp;&nbsp; **1122867** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>| Principal |  |
| **Yankee corporate bonds and notes: 9.87%** |  |  |  |  |
| **Communications: 1.86%** |  |  |  |  |
| **Internet: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rakuten Group, Inc.144A | 9.75 | &nbsp;&nbsp; 4-15-2029 | $870000 | &nbsp;&nbsp; 952980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rakuten Group, Inc. (5 Year Treasury Constant <br> Maturity+4.25%)144Aʊ±<br>| 8.13 | &nbsp;&nbsp; 12-15-2029 | 755000 | &nbsp;&nbsp; 738634 |
|  |  |  |  | &nbsp;&nbsp; **1691614** |
| **Media: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virgin Media Finance PLC144A | 5.00 | &nbsp;&nbsp; 7-15-2030 | 250000 | &nbsp;&nbsp; 228463 |
| &nbsp;&nbsp;&nbsp; Virgin Media Secured Finance PLC144A | 4.50 | &nbsp;&nbsp; 8-15-2030 | 850000 | &nbsp;&nbsp; 789981 |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes IV DAC144A | 5.00 | &nbsp;&nbsp; 7-15-2028 | 165000 | &nbsp;&nbsp; 161533 |
| &nbsp;&nbsp;&nbsp; VZ Secured Financing BV144A | 5.00 | &nbsp;&nbsp; 1-15-2032 | 605000 | &nbsp;&nbsp; 538213 |
|  |  |  |  | &nbsp;&nbsp; **1718190** |
| **Telecommunications: 0.89%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rogers Communications, Inc. (5 Year Treasury Constant <br> Maturity+2.62%)±<br>| 7.13 | &nbsp;&nbsp; 4-15-2055 | 1200000 | &nbsp;&nbsp; 1216324 |
| &nbsp;&nbsp;&nbsp; Telecom Italia Capital SA | 7.20 | &nbsp;&nbsp; 7-18-2036 | 365000 | &nbsp;&nbsp; 388521 |
| &nbsp;&nbsp;&nbsp; TELUS Corp. (5 Year Treasury Constant Maturity+2.77%)± | 6.63 | &nbsp;&nbsp; 10-15-2055 | 655000 | &nbsp;&nbsp; 658914 |
| &nbsp;&nbsp;&nbsp; Zegona Finance PLC144A | 8.63 | &nbsp;&nbsp; 7-15-2029 | 800000 | &nbsp;&nbsp; 854000 |
|  |  |  |  | &nbsp;&nbsp; **3117759** |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 17

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Consumer, cyclical: 0.88%** |  |  |  |  |
| **Airlines: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Air Canada Pass-Through Trust Series 2020-1 Class C144A | 10.50<br> %<br>| &nbsp;&nbsp; 7-15-2026 | $500000 | &nbsp;&nbsp; $526250 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA144A%% | 7.63 | &nbsp;&nbsp; 1-7-2031 | 140000 | &nbsp;&nbsp; 140525 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA144A | 7.88 | &nbsp;&nbsp; 4-15-2030 | 540000 | &nbsp;&nbsp; 550800 |
|  |  |  |  | &nbsp;&nbsp; **1217575** |
| **Entertainment: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Banijay Entertainment SASU144A | 8.13 | &nbsp;&nbsp; 5-1-2029 | 755000 | &nbsp;&nbsp; **783283** |
| **Leisure time: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Carnival Corp.144A | 6.00 | &nbsp;&nbsp; 5-1-2029 | 375000 | &nbsp;&nbsp; 378916 |
| &nbsp;&nbsp;&nbsp; Carnival Corp.144A | 6.13 | &nbsp;&nbsp; 2-15-2033 | 700000 | &nbsp;&nbsp; 716206 |
|  |  |  |  | &nbsp;&nbsp; **1095122** |
| **Consumer, non-cyclical: 1.11%** |  |  |  |  |
| **Cosmetics/Personal Care: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Opal Bidco SAS144A | 6.50 | &nbsp;&nbsp; 3-31-2032 | 625000 | &nbsp;&nbsp; 637883 |
| &nbsp;&nbsp;&nbsp; Perrigo Finance Unlimited Co. | 6.13 | &nbsp;&nbsp; 9-30-2032 | 555000 | &nbsp;&nbsp; 560323 |
|  |  |  |  | &nbsp;&nbsp; **1198206** |
| **Healthcare-products: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corp.144A | 8.38 | &nbsp;&nbsp; 10-1-2028 | 630000 | &nbsp;&nbsp; **657563** |
| **Pharmaceuticals: 0.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 1261229 BC Ltd.144A | 10.00 | &nbsp;&nbsp; 4-15-2032 | 1135000 | &nbsp;&nbsp; 1144954 |
| &nbsp;&nbsp;&nbsp; Bausch Health Cos., Inc.144A | 11.00 | &nbsp;&nbsp; 9-30-2028 | 215000 | &nbsp;&nbsp; 212850 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV | 8.13 | &nbsp;&nbsp; 9-15-2031 | 600000 | &nbsp;&nbsp; 679416 |
|  |  |  |  | &nbsp;&nbsp; **2037220** |
| **Energy: 0.40%** |  |  |  |  |
| **Oil & gas: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Baytex Energy Corp.144A | 8.50 | &nbsp;&nbsp; 4-30-2030 | 295000 | &nbsp;&nbsp; 295179 |
| &nbsp;&nbsp;&nbsp; Borr IHC Ltd./Borr Finance LLC144A | 10.00 | &nbsp;&nbsp; 11-15-2028 | 516342 | &nbsp;&nbsp; 471571 |
| &nbsp;&nbsp;&nbsp; Saturn Oil & Gas, Inc.144A | 9.63 | &nbsp;&nbsp; 6-15-2029 | 243000 | &nbsp;&nbsp; 241505 |
|  |  |  |  | &nbsp;&nbsp; **1008255** |
| **Pipelines: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Northriver Midstream Finance LP144A | 6.75 | &nbsp;&nbsp; 7-15-2032 | 380000 | &nbsp;&nbsp; **393538** |
| **Financial: 4.69%** |  |  |  |  |
| **Banks: 4.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA (5 Year Treasury Constant <br> Maturity+5.10%)ʊ±<br>| 9.38 | &nbsp;&nbsp; 3-19-2029 | 900000 | &nbsp;&nbsp; 993235 |
| &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 | 450000 | &nbsp;&nbsp; 467437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Santander SA (5 Year Treasury Constant <br> Maturity+5.31%)ʊ±<br>| 9.63 | &nbsp;&nbsp; 11-21-2028 | 800000 | &nbsp;&nbsp; 883174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays PLC (USD SOFR ICE Swap Rate 11:00am NY 5 <br> Year+5.78%)ʊ±<br>| 9.63 | &nbsp;&nbsp; 12-15-2029 | 1400000 | &nbsp;&nbsp; 1554991 |

---

See accompanying notes to portfolio of investments

18 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant <br> Maturity+3.73%)144Aʊ±<br>| 8.00<br> %<br>| &nbsp;&nbsp; 8-22-2031 | $330000 | &nbsp;&nbsp; $348933 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant Maturity+4.35%)ʊ± | 8.50 | &nbsp;&nbsp; 8-14-2028 | 1400000 | &nbsp;&nbsp; 1480457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC Holdings PLC (5 Year Treasury Constant <br> Maturity+3.65%)ʊ±<br>| 4.60 | &nbsp;&nbsp; 12-17-2030 | 1500000 | &nbsp;&nbsp; 1366578 |
| &nbsp;&nbsp;&nbsp; ING Groep NV (5 Year Treasury Constant Maturity+3.51%)ʊ± | 4.88 | &nbsp;&nbsp; 5-16-2029 | 1000000 | &nbsp;&nbsp; 937530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nordea Bank Abp (5 Year Treasury Constant <br> Maturity+2.60%)ʊ±<br>| 3.75 | &nbsp;&nbsp; 3-1-2029 | 1200000 | &nbsp;&nbsp; 1077683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Societe Generale SA (5 Year Treasury Constant <br> Maturity+5.39%)ʊ±<br>| 9.38 | &nbsp;&nbsp; 11-22-2027 | 1200000 | &nbsp;&nbsp; 1273463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Chartered PLC (5 Year Treasury Constant <br> Maturity+3.81%)ʊ±<br>| 4.75 | &nbsp;&nbsp; 1-14-2031 | 1000000 | &nbsp;&nbsp; 900977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB (5 Year Treasury Constant <br> Maturity+4.05%)ʊ±<br>| 4.75 | &nbsp;&nbsp; 3-1-2031 | 1000000 | &nbsp;&nbsp; 918436 |
| &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 | 395000 | &nbsp;&nbsp; 384195 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (5 Year Treasury Constant Maturity+3.40%)ʊ± | 4.88 | &nbsp;&nbsp; 2-12-2027 | 1600000 | &nbsp;&nbsp; 1556232 |
| &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 | 245000 | &nbsp;&nbsp; 257927 |
|  |  |  |  | &nbsp;&nbsp; **14401248** |
| **Diversified financial services: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global Aviation Trust (5 Year <br> Treasury Constant Maturity+2.72%)±<br>| 6.95 | &nbsp;&nbsp; 3-10-2055 | 185000 | &nbsp;&nbsp; 192250 |
| &nbsp;&nbsp;&nbsp; GGAM Finance Ltd.144A | 5.88 | &nbsp;&nbsp; 3-15-2030 | 725000 | &nbsp;&nbsp; 730147 |
| &nbsp;&nbsp;&nbsp; Global Aircraft Leasing Co. Ltd.144A | 8.75 | &nbsp;&nbsp; 9-1-2027 | 735000 | &nbsp;&nbsp; 753457 |
|  |  |  |  | &nbsp;&nbsp; **1675854** |
| **Insurance: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allianz SE (5 Year Treasury Constant Maturity+2.17%)ʊ± | 3.20 | &nbsp;&nbsp; 10-30-2027 | 400000 | &nbsp;&nbsp; **350387** |
| **Industrial: 0.71%** |  |  |  |  |
| **Aerospace/defense: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bombardier, Inc.144A | 8.75 | &nbsp;&nbsp; 11-15-2030 | 625000 | &nbsp;&nbsp; **676612** |
| **Electronics: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sensata Technologies BV144A | 5.88 | &nbsp;&nbsp; 9-1-2030 | 700000 | &nbsp;&nbsp; **700942** |
| **Machinery-diversified: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TK Elevator Holdco GmbH144A | 7.63 | &nbsp;&nbsp; 7-15-2028 | 45000 | &nbsp;&nbsp; **45047** |
| **Packaging & containers: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV144A | 8.25 | &nbsp;&nbsp; 7-15-2030 | 535000 | &nbsp;&nbsp; 565755 |
| &nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV144A | 12.25 | &nbsp;&nbsp; 1-15-2031 | 455000 | &nbsp;&nbsp; 487730 |
|  |  |  |  | &nbsp;&nbsp; **1053485** |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 19

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities: 0.22%** |  |  |  |  |
| **Electric: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp. (5 Year Treasury Constant <br> Maturity+3.25%)±<br>| 4.75<br> %<br>| &nbsp;&nbsp; 1-18-2082 | $800000 | &nbsp;&nbsp; $**780259** |
| **Total yankee corporate bonds and notes (Cost $33,962,592)** |  |  |  | &nbsp;&nbsp; **34602159** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 4.50%** |  |  |  |  |
| **Investment companies: 4.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞## |  | 4.26 | 15758131 | &nbsp;&nbsp; **15758131** |
| **Total short-term investments (Cost $15,758,131)** |  |  |  | &nbsp;&nbsp; **15758131** |
| **Total investments in securities (Cost $305,290,567)** | 98.23<br> %<br>|  |  | &nbsp;&nbsp; 344297505 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | 1.77 |  |  | &nbsp;&nbsp; 6209592 |
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$350507097** |

---

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

---

| |
|:---|
| 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 |
| Security is valued using significant unobservable inputs. |
| The security is fair valued in accordance with procedures approved by Allspring Funds Management, LLC. |
| Restricted security as to resale, excluding Rule 144A securities. The Fund held restricted securities with an aggregate current value of $0 (original an aggregate <br> cost of $65,232), representing 0.00% of its net assets as of period end.<br>|
| Variable rate investment. The rate shown is the rate in effect at period end. |
| ¥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. |
| Security is perpetual in nature and has no stated maturity date. The date shown reflects the next call date. |
| 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: |
| ADR | American depositary receipt |
| CDA | Community Development Authority |
| EUR | Euro |
| EURIBOR | Euro Interbank Offered Rate |
| GBP | Great British pound |
| GO | General obligation |
| IDA | Industrial Development Authority |
| LIBOR | London Interbank Offered Rate |
| PFA | Public Finance Authority |
| REIT | Real estate investment trust |
| SOFR | Secured Overnight Financing Rate |

---

See accompanying notes to portfolio of investments

20 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—June 30, 2025 (unaudited)

**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 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 <br> Select Class<br>| $14205284 | $117505958 | $(115953111)<br>| $0 | $0 | $15758131 | 15758131 | $534964 |

---

**Forward foreign currency contracts** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency to be <br>received | Currency to be <br>received | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| USD | 14515444 | EUR | 12630000 | Citibank N.A. | 7-23-2025 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $(370036)<br>|
| USD | 422487 | EUR | 360000 | Citibank N.A. | 7-23-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (1802)<br>|
| USD | 7266252 | GBP | 5410000 | Citibank N.A. | 7-23-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (157492)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$(529330)**<br>|

---

**Futures contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp; Notional <br>cost<br>| &nbsp;&nbsp; Notional <br>value<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| **Long** |  |  |  |  |  |  |
| &nbsp;&nbsp; Volatility Index | &nbsp;&nbsp; 74 | &nbsp;&nbsp; 7-16-2025 | &nbsp;&nbsp; $1493847 | &nbsp;&nbsp; $1384725 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $(109122)<br>|
| &nbsp;&nbsp; Euro STOXX 50 Index | &nbsp;&nbsp; 168 | &nbsp;&nbsp; 9-19-2025 | &nbsp;&nbsp; 10554629 | &nbsp;&nbsp; 10541904 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (12725)<br>|
| &nbsp;&nbsp; FTSE 100 Index | &nbsp;&nbsp; 59 | &nbsp;&nbsp; 9-19-2025 | &nbsp;&nbsp; 7217643 | &nbsp;&nbsp; 7118294 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (99349)<br>|
|  |  |  |  |  | &nbsp;&nbsp; **$0** | &nbsp;&nbsp; **$(221196)**<br>|

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 21

------

Notes to portfolio of investments—June 30, 2025 (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, exchange-traded funds and futures contracts that are listed on a foreign or domestic exchange or market are valued at the official closing price or, if none, the last sales price.

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").

Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore may not fully reflect trading or events that occur after the close of the principal exchange in which the foreign securities are traded, but before the close of the New York Stock Exchange. If such trading or events are expected to materially affect the value of such securities, then fair value pricing procedures implemented by Allspring Funds Management are applied. These procedures take into account multiple factors including movements in U.S. securities markets after foreign exchanges close. Foreign securities that are fair valued under these procedures are categorized as Level 2 and the application of these procedures may result in transfers between Level 1 and Level 2. Depending on market activity, such fair valuations may be frequent. Such fair value pricing may result in net asset values that are higher or lower than net asset values based on the last reported sales price or latest quoted bid price. On June 30, 2025, such fair value pricing was not used in pricing foreign securities.

Forward foreign currency contracts are recorded at the forward rate provided by an independent foreign currency pricing source at a time each business day specified by the Valuation Committee at 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

22 \| Allspring Diversified Income Builder Fund

------

Notes to portfolio of investments—June 30, 2025 (unaudited)

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.

Forward foreign currency contracts

A forward foreign currency contract is an agreement between two parties to purchase or sell a specific currency for an agreed-upon price at a future date. The Fund enters into forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to attempt to minimize the risk to the Fund from adverse changes in the relationship between currencies. Forward foreign currency contracts are recorded at the forward rate and marked-to-market daily. When the contracts are closed, realized gains and losses arising from such transactions are recorded as realized gains or losses on forward foreign currency contracts. The Fund is subject to foreign currency risk and may be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts or if the value of the foreign currency changes unfavorably. The Fund's maximum risk of loss from counterparty credit risk is the unrealized gains on the contracts. This risk may be mitigated if there is a master netting arrangement between the Fund and the counterparty.

Futures contracts

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

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

Fair valuation measurements

Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Fund's investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). 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.

Allspring Diversified Income Builder Fund \| 23

------

Notes to portfolio of investments—June 30, 2025 (unaudited)

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &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:** |  |  |  |  |
| **Asset-backed securities** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $871232 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $871232 |
| **Common stocks** |  |  |  |  |
| *Communication services* | &nbsp;&nbsp; 13800741 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 13800741 |
| *Consumer discretionary* | &nbsp;&nbsp; 11827989 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11827989 |
| *Consumer staples* | &nbsp;&nbsp; 5823321 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5823321 |
| *Energy* | &nbsp;&nbsp; 3615174 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1944748 | &nbsp;&nbsp;&nbsp;&nbsp; 5559922 |
| *Financials* | &nbsp;&nbsp; 22247020 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 22247020 |
| *Health care* | &nbsp;&nbsp; 10601282 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 10601282 |
| *Industrials* | &nbsp;&nbsp; 9752004 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 9752004 |
| *Information technology* | &nbsp;&nbsp; 35597573 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 35597573 |
| *Investment Companies* | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 28331 | &nbsp;&nbsp;&nbsp;&nbsp; 28331 |
| *Materials* | &nbsp;&nbsp; 1058058 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1058058 |
| *Real estate* | &nbsp;&nbsp; 4692021 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 4692021 |
| *Utilities* | &nbsp;&nbsp; 3815381 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 3815381 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 121255606 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 121255606 |
| **Foreign corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 22640873 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 22640873 |
| **Investment companies** | &nbsp;&nbsp; 2700578 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 2700578 |
| **Loans** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 9156717 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 9156717 |
| **Municipal obligations** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11385699 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11385699 |
| **Preferred stocks** |  |  |  |  |
| *Energy* | &nbsp;&nbsp; 1122867 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1122867 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 34602159 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 34602159 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 15758131 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 15758131 |
| **Total assets** | &nbsp;&nbsp; **$142412140** | &nbsp;&nbsp;&nbsp; **$199912286** | &nbsp;&nbsp;&nbsp; **$1973079** | &nbsp;&nbsp;&nbsp; **$344297505** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Forward foreign currency contracts** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $529330 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $529330 |
| **Futures contracts** | &nbsp;&nbsp; 221196 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 221196 |
| **Total liabilities** | &nbsp;&nbsp; **$221196** | &nbsp;&nbsp;&nbsp; **$529330** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$750526** |

---

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

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

As of June 30, 2025, $2,017,000 was segregated as cash collateral for these open futures contracts.

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; Common stocks | $0 | $644811 | $0 | $0 | $0 | $1299937 | $28331 | $0 | $1973079 |
| &nbsp;&nbsp;&nbsp; Loans | 740097 | 213150 | (971631)<br>| 433 | (12731)<br>| 30682 | 0 | 0 | 0 |
|  | $740097 | $857961 | $(971631)<br>| $433 | $(12731)<br>| $1330619 | $28331 | $0 | $1973079 |

---

24 \| Allspring Diversified Income Builder Fund

------

Notes to portfolio of investments—June 30, 2025 (unaudited)

&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>June 30, 2025<br>|
| **Investments in:** |  |
| &nbsp;&nbsp;&nbsp; Common stocks | &nbsp;&nbsp; $1299937 |
| &nbsp;&nbsp;&nbsp; Loans | &nbsp;&nbsp; 0 |
|  | &nbsp;&nbsp; $1299937 |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Level 3 Security <br> Types<br>| &nbsp;&nbsp; Fair value at <br> June 30, 2025<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>|
| Common Stocks | &nbsp;&nbsp; $1973079 | &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.

Allspring Diversified Income Builder Fund \| 25

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 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 Diversified Income Builder Fund

- **b. EDGAR series identifier (if any):** S000029101

- **c. LEI of Series:** 549300FP4HFAVX1JJC53

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $351409061.91

**Total Liabilities:** $2987131.59

**Net Assets:** $348421930.32

**Delayed Delivery Securities:** $784987.50

**Cash Not Reported:** $2259642.39

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -27.03000000 | **1-Year:** -1118.02000000 | **5-Year:** -3597.44000000 | **10-Year:** -3097.47000000 | **30-Year:** -2387.62000000

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

- **3-Month:** -693.32000000 | **1-Year:** -15722.29000000 | **5-Year:** -30413.07000000 | **10-Year:** -7808.17000000 | **30-Year:** -3181.02000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092802 | 0.38%                | 2.34%                | 2.90%                |
| Class ID C000089465 | 0.36%                | 2.43%                | 2.81%                |
| Class ID C000089467 | 0.47%                | 2.19%                | 2.91%                |
| Class ID C000089468 | 0.40%                | 2.37%                | 2.92%                |
| Class ID C000205250 | 0.41%                | 2.20%                | 3.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1067391.40             | $1348914.60                                |
| Month 2  | $-408129.97              | $7964591.85                                |
| Month 3  | $251177.73               | $9460904.10                                |

**Designated Index Information**

- **Index Name:** 60% ICE BofAML US High Yield Cash Pay / 15% Bloomberg US Aggregate / 25% MSCI ACWI (net)

- **Index Identifier:** DIVERSIFIED_INCOME_BUILDER_BMK

### Schedule of Portfolio Investments

| Name                                                                             | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| CHS/COMMUNITY HEALTH SYS                                                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    475000 | PA      | $456887.44    | 0.13%             | 2029-01-15      | Fixed         | 6.00%                 | 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        |    270000 | PA      | $277615.62    | 0.08%             | 2033-05-01      | Fixed         | 6.75%                 | 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        |    225000 | PA      | $214900.18    | 0.06%             | 2030-03-15      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                                         | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    260000 | PA      | $265962.84    | 0.08%             | 2032-09-15      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                                         | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $227227.00    | 0.07%             | 2032-02-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| RITCHIE BROS HLDGS INC                                                           | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    140000 | PA      | $147176.32    | 0.04%             | 2031-03-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                                          | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    365000 | PA      | $381312.58    | 0.11%             | 2031-02-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                                                                     | Barclays PLC                                                                     | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1400000 | PA      | $1554991.20   | 0.45%             | 2029-12-15      | Fixed         | 9.63%                 | No            | 2                  | On Loan: No      |
| Omega Healthcare Investors Inc                                                   | Omega Healthcare Investors Inc                                                   | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |     40189 | NS      | $1472926.85   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $675065.51    | 0.19%             | 2031-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| DISH NETWORK CORP                                                                | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1257607.72   | 0.36%             | 2027-11-15      | Fixed         | 11.75%                | No            | 2                  | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                                           | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    380000 | PA      | $388588.38    | 0.11%             | 2033-02-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Spirit AeroSystems Inc                                                           | Spirit Aerosystems Inc 2022 Term Loan                                            | CUSIP: 84857HAY6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | LON              | CORP              | US        |    139641 | PA      | $139641.03    | 0.04%             | 2027-01-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    355000 | PA      | $383386.87    | 0.11%             | 2032-02-01      | Fixed         | 9.88%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE                                           | CUSIP: 74443DDU2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    430000 | PA      | $421825.49    | 0.12%             | 2028-06-01      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| AMWINS GROUP INC                                                                 | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    315000 | PA      | $321059.34    | 0.09%             | 2029-02-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| EUSHI FINANCE INC                                                                | EUSHI Finance Inc                                                                | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    730000 | PA      | $755704.03    | 0.22%             | 2054-12-15      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |
| PETSMART INC/PETSMART FI                                                         | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $393555.55    | 0.11%             | 2029-02-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| VIKING CRUISES LTD                                                               | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    690000 | PA      | $696051.30    | 0.20%             | 2029-02-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| LGI HOMES INC                                                                    | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    570000 | PA      | $592537.23    | 0.17%             | 2028-12-15      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| NORDEA BANK ABP                                                                  | Nordea Bank Abp                                                                  | CUSIP: 65559D2D0<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   1200000 | PA      | $1077683.28   | 0.31%             | 2029-03-01      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| ACHMEA BV                                                                        | Achmea BV                                                                        | CUSIP: 000000000<br>LEI: 7245007QUMI1FHIQV531 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $296078.48    | 0.08%             | 2035-01-28      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1802.23     | -0.00%            |  |  |  | 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        |    525000 | PA      | $544693.34    | 0.16%             | 2029-10-01      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| NATWEST GROUP PLC                                                                | NatWest Group PLC                                                                | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1360639.00   | 0.39%             | 2032-02-28      | Fixed         | 7.50%                 | No            | N/A                | On Loan: No      |
| ING GROEP NV                                                                     | ING Groep NV                                                                     | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $937530.00    | 0.27%             | 2029-05-16      | Fixed         | 4.88%                 | Yes           | 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        |    800000 | PA      | $784973.12    | 0.23%             | 2030-12-31      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| KINETIK HOLDINGS LP                                                              | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    705000 | PA      | $710978.40    | 0.20%             | 2030-06-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                                           | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $449548.38    | 0.13%             | 2028-02-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| UNICAJA BANCO SA                                                                 | Unicaja Banco SA                                                                 | CUSIP: 000000000<br>LEI: 5493007SJLLCTM6J6M37 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $701437.81    | 0.20%             | 2026-11-18      | Fixed         | 4.88%                 | Yes           | 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        |    516341 | PA      | $471570.53    | 0.14%             | 2028-11-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| VISTRA CORP                                                                      | Vistra Corp                                                                      | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    445000 | PA      | $450354.69    | 0.13%             | 2026-12-15      | Fixed         | 7.00%                 | 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        |    925000 | PA      | $823422.98    | 0.24%             | 2034-01-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| XPLR INFRAST OPERATING                                                           | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    780000 | PA      | $799603.01    | 0.23%             | 2029-01-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| Alrosa PJSC                                                                      | Alrosa PJSC                                                                      | CUSIP: 000000000<br>LEI: 894500DKUWVBYZLLE651 | Long             | EC               | CORP              | RU        |     42660 | NS      | $0.00         | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                    | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    630000 | PA      | $621326.63    | 0.18%             | 2026-02-18      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| CREDIT AGRICOLE SA                                                               | Credit Agricole SA                                                               | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1650014.37   | 0.47%             | 2028-09-23      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $470622.91    | 0.14%             | 2028-02-01      | Fixed         | 5.00%                 | 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        |    380000 | PA      | $387032.66    | 0.11%             | 2055-04-20      | Fixed         | 6.37%                 | 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        |    500000 | PA      | $526250.00    | 0.15%             | 2026-07-15      | Fixed         | 10.50%                | No            | 2                  | On Loan: No      |
| NATIONSTAR MTG HLD INC                                                           | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    610000 | PA      | $633603.95    | 0.18%             | 2032-02-01      | Fixed         | 7.13%                 | 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        |    379050 | PA      | $367598.90    | 0.11%             | 2029-03-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| BUCKEYE PARTNERS LP                                                              | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    260000 | PA      | $269365.72    | 0.08%             | 2029-07-01      | Fixed         | 6.88%                 | 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        |    675000 | PA      | $696218.38    | 0.20%             | 2032-05-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                                   | ALLSPRING GOVERNMENT MONEY MAR                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  15758131 | NS      | $15758130.79  | 4.52%             |  |  |  | No            | 1                  | On Loan: No      |
| International Business Machines Corp                                             | International Business Machines Corp                                             | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      5854 | NS      | $1725642.12   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| CINEMARK USA INC                                                                 | Cinemark USA Inc                                                                 | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1375568.63   | 0.39%             | 2032-08-01      | Fixed         | 7.00%                 | 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        |    205000 | PA      | $205342.35    | 0.06%             | 2031-04-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| STANDARD CHARTERED PLC                                                           | Standard Chartered PLC                                                           | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $900976.80    | 0.26%             | 2031-01-14      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| HARVEST MIDSTREAM I LP                                                           | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    730000 | PA      | $742436.28    | 0.21%             | 2028-09-01      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| ADAPTHEALTH LLC                                                                  | AdaptHealth LLC                                                                  | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $498816.47    | 0.14%             | 2030-03-01      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| GENESEE & WYOMING INC                                                            | Genesee & Wyoming Inc                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    585000 | PA      | $596918.21    | 0.17%             | 2032-04-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| PRAIRIE ECI ACQUIROR LP                                                          | Prairie ECI Acquiror LP 2024 Term Loan B                                         | CUSIP: 73955HAE4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | LON              | CORP              | US        |    266635 | PA      | $268050.94    | 0.08%             | 2029-08-01      | None          | 0.00%                 | 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        |    955000 | PA      | $1036259.04   | 0.30%             | 2033-12-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| TERRAFORM POWER OPERATIN                                                         | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    710000 | PA      | $702768.44    | 0.20%             | 2028-01-31      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| ROCKET COS INC                                                                   | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $275138.10    | 0.08%             | 2030-08-01      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                         | Rogers Communications Inc                                                        | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1200000 | PA      | $1216324.26   | 0.35%             | 2055-04-15      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| DAVITA INC                                                                       | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1347034.00   | 0.39%             | 2032-09-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-370036.21   | -0.11%            |  |  |  | No            | 2                  | On Loan: No      |
| RADIOLOGY PARTNERS INC                                                           | Radiology Partners Inc                                                           | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170396.10    | 0.05%             | 2032-07-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| ESC GCB144A ENVIVA PAR                                                           | ESC GCB144A ENVIVA PAR                                                           | CUSIP: 294ESCAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2460000 | PA      | $0.02         | 0.00%             | 2026-01-15      | None          | 0.00%                 | 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        |    150000 | PA      | $148184.43    | 0.04%             | 2031-06-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                                           | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    115000 | PA      | $120835.91    | 0.03%             | 2031-04-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc                                                                       | AbbVie Inc                                                                       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      9369 | NS      | $1739073.78   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| MODIVCARE INC                                                                    | Modivcare Inc 2024 Term Loan B                                                   | CUSIP: 60783LAC4<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |   1064622 | PA      | $773628.87    | 0.22%             | 2031-07-01      | None          | 0.00%                 | 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        |     50032 | PA      | $49156.06     | 0.01%             | 2030-12-31      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| ENTEGRIS INC                                                                     | Entegris Inc                                                                     | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    265000 | PA      | $269211.91    | 0.08%             | 2030-06-15      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| PANTHER ESCROW ISSUER                                                            | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $363562.85    | 0.10%             | 2031-06-01      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| WESCO DISTRIBUTION INC                                                           | WESCO Distribution Inc                                                           | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    725000 | PA      | $753398.25    | 0.22%             | 2032-03-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| Publicis Groupe SA                                                               | Publicis Groupe SA                                                               | CUSIP: 000000000<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |     10311 | NS      | $1162114.85   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Seagate Technology Holdings PLC                                                  | Seagate Technology Holdings PLC                                                  | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     13689 | NS      | $1975733.37   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    275000 | PA      | $279818.83    | 0.08%             | 2033-06-30      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| SAP SE                                                                           | SAP SE                                                                           | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      7329 | NS      | $2228660.66   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| First Brands Group LLC                                                           | First Brands Group LLC 2021 Term Loan                                            | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    291816 | PA      | $275200.12    | 0.08%             | 2027-03-30      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                            | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    185000 | PA      | $190239.19    | 0.05%             | 2032-03-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Banca Monte dei Paschi di Siena SpA                                              | Banca Monte dei Paschi di Siena SpA                                              | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | EC               | CORP              | IT        |    100863 | NS      | $858057.64    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| CommScope Inc                                                                    | CommScope Inc 2024 Term Loan                                                     | CUSIP: 000000000<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | LON              | CORP              | US        |   1160000 | PA      | $1172690.40   | 0.34%             | 2029-12-17      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                                                         | Kraken Oil & Gas Partners LLC                                                    | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196485.18    | 0.06%             | 2029-08-15      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |
| CSC Holdings LLC                                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    760000 | PA      | $725607.39    | 0.21%             | 2027-04-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| 1261229 BC LTD                                                                   | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1135000 | PA      | $1144953.92   | 0.33%             | 2032-04-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| BANKINTER SA                                                                     | Bankinter SA                                                                     | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $1172060.90   | 0.34%             | 2030-06-30      | Fixed         | 6.00%                 | Yes           | N/A                | On Loan: No      |
| PG&E CORP                                                                        | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    750000 | PA      | $714481.79    | 0.21%             | 2030-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| SABRE GLBL INC                                                                   | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    609000 | PA      | $625775.54    | 0.18%             | 2029-11-15      | Fixed         | 10.75%                | No            | 2                  | On Loan: No      |
| Eurex Deutschland                                                                | EURO STOXX 50 SEP25                                                              | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       168 | NC      | $-12732.80    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Owens Corning                                                                    | Owens Corning                                                                    | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      7590 | NS      | $1043776.80   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| IRON MOUNTAIN INC                                                                | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   1525000 | PA      | $1504141.20   | 0.43%             | 2030-07-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| NATIONSTAR MTG HLD INC                                                           | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102145.40    | 0.03%             | 2029-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc                                                                    | Citigroup Inc                                                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     31370 | NS      | $2670214.40   | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| ZF NA CAPITAL                                                                    | ZF North America Capital Inc                                                     | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    390000 | PA      | $360453.97    | 0.10%             | 2032-04-23      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| CLYDESDALE ACQUISITION                                                           | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    370000 | PA      | $378444.88    | 0.11%             | 2030-04-15      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                         | Service Properties Trust                                                         | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    295000 | PA      | $306825.67    | 0.09%             | 2029-06-15      | Fixed         | 8.38%                 | No            | 2                  | On Loan: No      |
| BROADSTREET PARTNERS INC                                                         | BroadStreet Partners Inc                                                         | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |    525000 | PA      | $518836.24    | 0.15%             | 2029-04-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| DBS Group Holdings Ltd                                                           | DBS Group Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     36500 | NS      | $1289197.80   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| DISH DBS CORP                                                                    | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $181781.25    | 0.05%             | 2028-12-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                                                           | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    430000 | PA      | $441551.09    | 0.13%             | 2030-01-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| TENET HEALTHCARE CORP                                                            | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1163912.63   | 0.33%             | 2031-05-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Cheniere Energy Inc                                                              | Cheniere Energy Inc                                                              | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      5294 | NS      | $1289194.88   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                                         | ROCKIES EXPRESS PIPELINE                                                         | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    155000 | PA      | $161768.70    | 0.05%             | 2033-03-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| ALGONQUIN PWR & UTILITY                                                          | Algonquin Power & Utilities Corp                                                 | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $780259.12    | 0.22%             | 2082-01-18      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| CARNIVAL CORP                                                                    | Carnival Corp                                                                    | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    375000 | PA      | $378915.75    | 0.11%             | 2029-05-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| ENVIVA EQUITY                                                                    | ENVIVA EQUITY                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103033 | NS      | $1944747.88   | 0.56%             |  |  |  | No            | 3                  | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                                         | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $448608.33    | 0.13%             | 2029-02-15      | Fixed         | 9.50%                 | No            | 2                  | On Loan: No      |
| InterDigital Inc                                                                 | InterDigital Inc                                                                 | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10052 | NS      | $2253959.96   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| TD SYNNEX Corp                                                                   | TD SYNNEX Corp                                                                   | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     12132 | NS      | $1646312.40   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Orange SA                                                                        | Orange SA                                                                        | CUSIP: 000000000<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |    138338 | NS      | $2104568.18   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                                               | Petroleo Brasileiro SA - Petrobras                                               | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EP               | CORP              | BR        |    194412 | NS      | $1122866.97   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    335000 | PA      | $165686.21    | 0.05%             | 2030-01-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                                          | Sensata Technologies BV                                                          | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $700942.20    | 0.20%             | 2030-09-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                         | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAA4<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    450000 | PA      | $444880.80    | 0.13%             | 2027-08-15      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH CHRT SCH LEASE REVENUE                                | CUSIP: 13057HAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $824761.59    | 0.24%             | 2031-06-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Hitachi Ltd                                                                      | Hitachi Ltd                                                                      | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     63800 | NS      | $1862983.92   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| PG&E CORP                                                                        | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    870000 | PA      | $823907.53    | 0.24%             | 2055-03-15      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                           | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1090834.73   | 0.31%             | 2032-06-30      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| CHEMOURS CO                                                                      | Chemours Co/The                                                                  | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    495000 | PA      | $463522.11    | 0.13%             | 2033-01-15      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| UBS GROUP AG                                                                     | UBS Group AG                                                                     | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1600000 | PA      | $1556232.32   | 0.45%             | 2027-02-12      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| QXO BUILDING PRODUCTS                                                            | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    450000 | PA      | $463590.90    | 0.13%             | 2032-04-30      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| DIRECTV FIN LLC/COINC                                                            | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $134559.39    | 0.04%             | 2027-08-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| RAKUTEN GROUP INC                                                                | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    870000 | PA      | $952979.52    | 0.27%             | 2029-04-15      | Fixed         | 9.75%                 | No            | 2                  | On Loan: No      |
| AES CORP/THE                                                                     | AES Corp/The                                                                     | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    495000 | PA      | $509651.95    | 0.15%             | 2055-01-15      | Fixed         | 7.60%                 | No            | 2                  | On Loan: No      |
| VISTRA CORP                                                                      | Vistra Corp                                                                      | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    625000 | PA      | $679305.63    | 0.19%             | 2029-01-15      | Fixed         | 8.88%                 | No            | 2                  | On Loan: No      |
| Dell Technologies Inc                                                            | Dell Technologies Inc                                                            | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     13285 | NS      | $1628741.00   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Alphabet Inc                                                                     | Alphabet Inc                                                                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     15930 | NS      | $2807343.90   | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures Europe - Financial Products Division                                 | FTSE 100 IDX FUT SEP25                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |        59 | NC      | $-99349.17    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| TRANSDIGM INC                                                                    | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1651452.63   | 0.47%             | 2032-03-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| NEWELL BRANDS INC                                                                | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    575000 | PA      | $603871.33    | 0.17%             | 2028-06-01      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| CBOE Futures Exchange LLC                                                        | CBOE VIX FUTURE JUL25                                                            | CUSIP: 000000000<br>LEI: 254900O9GJPIWCP8RH13 | N/A              | DE               |  | US        |        74 | NC      | $-109121.88   | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| PRA GROUP INC                                                                    | PRA Group Inc                                                                    | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    410000 | PA      | $377852.39    | 0.11%             | 2029-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| HUBBARD RADIO LLC                                                                | Hubbard Radio LLC 2024 PIK Term Loan B                                           | CUSIP: 44344HAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    284401 | PA      | $160686.41    | 0.05%             | 2027-09-30      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                                         | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    900000 | PA      | $873589.59    | 0.25%             | 2029-04-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| BAUSCH + LOMB CORP                                                               | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    630000 | PA      | $657562.50    | 0.19%             | 2028-10-01      | Fixed         | 8.38%                 | No            | 2                  | On Loan: No      |
| FORTRESS TRANS & INFRAST                                                         | Fortress Transportation and Infrastructure Investors LLC                         | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    825000 | PA      | $854233.88    | 0.25%             | 2031-05-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| VZ SECURED FINANCING BV                                                          | VZ Secured Financing BV                                                          | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    605000 | PA      | $538213.08    | 0.15%             | 2032-01-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                         | Lloyds Banking Group PLC                                                         | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1439566.35   | 0.41%             | 2027-09-27      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| CHART INDUSTRIES INC                                                             | Chart Industries Inc                                                             | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    455000 | PA      | $485671.55    | 0.14%             | 2031-01-01      | Fixed         | 9.50%                 | No            | 2                  | On Loan: No      |
| Hertz Corporation, (The)                                                         | Hertz Corporation (The) 2021 Term Loan B                                         | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    362041 | PA      | $300041.22    | 0.09%             | 2028-06-30      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                                          | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              |  | US        |    466000 | PA      | $493979.81    | 0.14%             | 2028-02-15      | Fixed         | 10.50%                | No            | 2                  | On Loan: No      |
| BNP PARIBAS                                                                      | BNP Paribas SA                                                                   | CUSIP: 05602XDJ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    330000 | PA      | $348932.76    | 0.10%             | 2031-08-22      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| IQVIA INC                                                                        | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    225000 | PA      | $230899.09    | 0.07%             | 2032-06-01      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| 3i Group PLC                                                                     | 3i Group PLC                                                                     | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     35186 | NS      | $1989879.73   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                                           | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    775000 | PA      | $854709.53    | 0.25%             | 2030-11-15      | Fixed         | 9.75%                 | No            | 2                  | On Loan: No      |
| BAWAG GROUP AG                                                                   | BAWAG Group AG                                                                   | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | DBT              | CORP              | AT        |    800000 | PA      | $981345.97    | 0.28%             | 2029-09-18      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                                                         | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    555000 | PA      | $560323.01    | 0.16%             | 2032-09-30      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| MPH ACQUISITION HOLDINGS                                                         | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    207685 | PA      | $205966.41    | 0.06%             | 2030-12-31      | Fixed         | 11.50%                | No            | 2                  | On Loan: No      |
| Asurion LLC                                                                      | Asurion LLC 2021 2nd Lien Term Loan B3                                           | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    659029 | PA      | $628548.78    | 0.18%             | 2028-01-31      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV                                                         | Virgin Media Vendor Financing Notes IV DAC                                       | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |    165000 | PA      | $161532.62    | 0.05%             | 2028-07-15      | Fixed         | 5.00%                 | 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        |    182690 | PA      | $183040.59    | 0.05%             | 2028-11-28      | None          | 0.00%                 | 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        |   1150000 | PA      | $1185436.10   | 0.34%             | 2032-10-01      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| INSIGHT ENTERPRS                                                                 | Insight Enterprises Inc                                                          | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    295000 | PA      | $303890.12    | 0.09%             | 2032-05-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| SIRIUS XM RADIO LLC                                                              | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    835000 | PA      | $769903.01    | 0.22%             | 2030-07-01      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| Power Corp of Canada                                                             | Power Corp of Canada                                                             | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     44396 | NS      | $1734109.23   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Lumen Technologies Inc                                                           | Lumen Technologies Inc 2024 Extended Term Loan B2                                | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |    530000 | PA      | $522797.30    | 0.15%             | 2030-04-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| CLYDESDALE ACQUISITION                                                           | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250458.03    | 0.07%             | 2030-01-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    710000 | PA      | $754424.37    | 0.22%             | 2030-03-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| Golden State Tobacco Securitization Corp                                         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                      | CUSIP: 38122ND66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $720226.30    | 0.21%             | 2050-06-01      | Fixed         | 4.21%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS                                                                      | BNP Paribas SA                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1400000 | PA      | $1480456.60   | 0.42%             | 2028-08-14      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| SEAGATE HDD CAYMAN                                                               | Seagate HDD Cayman                                                               | CUSIP: 81180WBP5<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    635000 | PA      | $681469.94    | 0.20%             | 2031-07-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| Microsoft Corp                                                                   | Microsoft Corp                                                                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     10283 | NS      | $5114867.03   | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                           | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $635507.36    | 0.18%             | 2029-05-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| New York State Energy Research & Development Authority                           | NEW YORK ST ENERGY RESEARCH & DEV AUTH                                           | CUSIP: 64986PAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $104293.79    | 0.03%             | 2034-04-01      | Fixed         | 4.81%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                            | CUSIP: 167505KG0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1233520.68   | 0.35%             | 2029-12-01      | Fixed         | 6.04%                 | No            | 2                  | On Loan: No      |
| STAR PARENT INC                                                                  | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    875000 | PA      | $920341.44    | 0.26%             | 2030-10-01      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| TRIVIUM PACKAGING FIN                                                            | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    535000 | PA      | $565755.55    | 0.16%             | 2030-07-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    185000 | PA      | $192250.04    | 0.06%             | 2055-03-10      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| Trane Technologies PLC                                                           | Trane Technologies PLC                                                           | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      4147 | NS      | $1813939.27   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| NABORS INDUSTRIES LTD                                                            | Nabors Industries Ltd                                                            | CUSIP: 629571AB6<br>LEI: 5493008TXYN3II3PU369 | Long             | DBT              | CORP              | BM        |    285000 | PA      | $254257.05    | 0.07%             | 2028-01-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| NVIDIA Corp                                                                      | NVIDIA Corp                                                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     34374 | NS      | $5430748.26   | 1.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Johnson Controls International plc                                               | Johnson Controls International plc                                               | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |     11611 | NS      | $1226353.82   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                                          | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              |  | US        |    460000 | PA      | $481415.76    | 0.14%             | 2032-02-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| BAUSCH HEALTH COS INC                                                            | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    215000 | PA      | $212850.00    | 0.06%             | 2028-09-30      | Fixed         | 11.00%                | No            | 2                  | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                                                         | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AW8<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    545000 | PA      | $578013.96    | 0.17%             | 2029-08-15      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                                         | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    855000 | PA      | $856490.27    | 0.25%             | 2040-04-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| VERITIV OPERATING CO                                                             | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    440000 | PA      | $476297.80    | 0.14%             | 2030-11-30      | Fixed         | 10.50%                | No            | 2                  | On Loan: No      |
| ARCHES BUYER INC                                                                 | Arches Buyer Inc                                                                 | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    335000 | PA      | $308103.39    | 0.09%             | 2028-12-01      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| Walmart Inc                                                                      | Walmart Inc                                                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     21525 | NS      | $2104714.50   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| MATCH GROUP HLD II LLC                                                           | Match Group Holdings II LLC                                                      | CUSIP: 57665RAJ5<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    360000 | PA      | $357368.83    | 0.10%             | 2029-02-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| COMMSCOPE LLC                                                                    | CommScope LLC                                                                    | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    450000 | PA      | $448265.93    | 0.13%             | 2027-03-01      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                         | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAE6<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    660000 | PA      | $691563.14    | 0.20%             | 2028-09-15      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| FIRSTCASH INC                                                                    | FirstCash Inc                                                                    | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    405000 | PA      | $397639.04    | 0.11%             | 2028-09-01      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| Port of Beaumont Industrial Development Authority                                | PORT BEAUMONT TX INDL DEV AUTH                                                   | CUSIP: 73358SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $619398.92    | 0.18%             | 2028-01-01      | Fixed         | 4.10%                 | 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        |    230000 | PA      | $236540.86    | 0.07%             | 2030-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| BLACKSTONE MORTGAGE TR                                                           | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    465000 | PA      | $494626.95    | 0.14%             | 2029-12-01      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| ENERGIZER HOLDINGS INC                                                           | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    825000 | PA      | $780296.95    | 0.22%             | 2029-03-31      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                             | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    460000 | PA      | $433624.20    | 0.12%             | 2032-03-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP                                                          | Zebra Technologies Corp                                                          | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    490000 | PA      | $503855.73    | 0.14%             | 2032-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| American Greetings Corporation                                                   | American Greetings Corporation 2024 Term Loan B                                  | CUSIP: 02639DAN6<br>LEI: 549300WMJOT8C9DNMF90 | Long             | LON              | CORP              | US        |    377714 | PA      | $377400.54    | 0.11%             | 2029-10-30      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| BANCO SANTANDER SA                                                               | Banco Santander SA                                                               | CUSIP: 05971KAP4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $883173.60    | 0.25%             | 2028-11-21      | Fixed         | 9.63%                 | No            | 2                  | On Loan: No      |
| TRI POINTE HOMES INC                                                             | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $272390.58    | 0.08%             | 2028-06-15      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                                         | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    850000 | PA      | $789981.07    | 0.23%             | 2030-08-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                                         | Svenska Handelsbanken AB                                                         | CUSIP: 000000000<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   1000000 | PA      | $918436.00    | 0.26%             | 2031-03-01      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| OPAL BIDCO SAS                                                                   | OPAL BIDCO                                                                       | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    625000 | PA      | $637883.13    | 0.18%             | 2032-03-31      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| SAKS GLOBAL ENTERPRISES                                                          | Saks Global Enterprises LLC                                                      | CUSIP: 79380MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $270000.00    | 0.08%             | 2029-12-15      | Fixed         | 11.00%                | No            | 2                  | On Loan: No      |
| ALLIANZ SE                                                                       | Allianz SE                                                                       | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $350386.68    | 0.10%             | 2027-10-30      | Fixed         | 3.20%                 | Yes           | 2                  | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                                         | CUSIP: 67884XCP0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    500000 | PA      | $486484.15    | 0.14%             | 2028-08-15      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| CAMELOT RETURN MERGER SU                                                         | Camelot Return Merger Sub Inc                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $474938.15    | 0.14%             | 2028-08-01      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| BB Seguridade Participacoes SA                                                   | BB Seguridade Participacoes SA                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    236700 | NS      | $1559673.11   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| SK Telecom Co Ltd                                                                | SK Telecom Co Ltd                                                                | CUSIP: 000000000<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |     37076 | NS      | $1557653.53   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| GRAND CANYON UNIVERSITY                                                          | Grand Canyon University                                                          | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $969863.74    | 0.28%             | 2028-10-01      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| HUB INTERNATIONAL LTD                                                            | HUB International Ltd                                                            | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    755000 | PA      | $789977.96    | 0.23%             | 2032-01-31      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| County of Knox IN                                                                | KNOX CNTY IN ECON DEV REVENUE                                                    | CUSIP: 499396AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $475370.11    | 0.14%             | 2034-04-01      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                           | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1207552.09   | 0.35%             | 2029-09-30      | Fixed         | 9.00%                 | 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        |    420000 | PA      | $385988.40    | 0.11%             | 2028-03-03      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| LITHIA MOTORS INC                                                                | Lithia Motors Inc                                                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    505000 | PA      | $480191.70    | 0.14%             | 2031-01-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Viking Cruises Ltd                                                               | Viking Cruises Ltd                                                               | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    170000 | PA      | $170095.03    | 0.05%             | 2027-09-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| FIRSTCASH INC                                                                    | FirstCash Inc                                                                    | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    705000 | PA      | $729529.07    | 0.21%             | 2032-03-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| AES CORP/THE                                                                     | AES Corp/The                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    600000 | PA      | $585305.02    | 0.17%             | 2055-07-15      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| Engie SA                                                                         | Engie SA                                                                         | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     75123 | NS      | $1763186.90   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| KBC GROUP NV                                                                     | KBC Group NV                                                                     | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |   1000000 | PA      | $1209882.53   | 0.35%             | 2031-09-17      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| FORTRESS TRANS & INFRAST                                                         | Fortress Transportation and Infrastructure Investors LLC                         | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    310000 | PA      | $320083.68    | 0.09%             | 2032-06-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| GOTHAER ALLG VERSICHERUN                                                         | Gothaer Allgemeine Versicherung AG                                               | CUSIP: 000000000<br>LEI: 5299003C59ODEKQIR849 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $237011.92    | 0.07%             | 2045-06-20      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| INTESA SANPAOLO SPA                                                              | Intesa Sanpaolo SpA                                                              | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   1200000 | PA      | $1443578.52   | 0.41%             | 2028-03-01      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Ladder Capital Corp                                                              | Ladder Capital Corp                                                              | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               |  | US        |    109437 | NS      | $1176447.75   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| BRISTOW GROUP INC                                                                | Bristow Group Inc                                                                | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1251233.72   | 0.36%             | 2028-03-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| IQVIA INC                                                                        | IQVIA Inc                                                                        | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    490000 | PA      | $505181.42    | 0.14%             | 2030-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| SONIC AUTOMOTIVE INC                                                             | Sonic Automotive Inc                                                             | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    260000 | PA      | $252264.04    | 0.07%             | 2029-11-15      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                                    | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-157491.91   | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| INVESTEC PLC                                                                     | Investec PLC                                                                     | CUSIP: 000000000<br>LEI: 2138007Z3U5GWDN3MY22 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $754099.42    | 0.22%             | 2029-08-28      | Fixed         | 10.50%                | Yes           | 2                  | On Loan: No      |
| AT&T Inc                                                                         | AT&T Inc                                                                         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     68938 | NS      | $1995065.72   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| DEUTSCHE BANK AG                                                                 | Deutsche Bank AG                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $735685.78    | 0.21%             | 2031-10-30      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                         | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    620000 | PA      | $658962.97    | 0.19%             | 2031-10-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                     | Broadcom Inc                                                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     12102 | NS      | $3335916.30   | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| NABORS INDUSTRIES INC                                                            | Nabors Industries Inc                                                            | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    335000 | PA      | $248840.66    | 0.07%             | 2031-08-15      | Fixed         | 8.88%                 | No            | 2                  | On Loan: No      |
| SONIC AUTOMOTIVE INC                                                             | Sonic Automotive Inc                                                             | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    495000 | PA      | $470485.77    | 0.14%             | 2031-11-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH RETI                     | CUSIP: 54628DAM2<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    525000 | PA      | $515170.01    | 0.15%             | 2029-01-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Credit Agricole SA                                                               | Credit Agricole SA                                                               | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |     59374 | NS      | $1123580.35   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| PRAIRIE ACQUIROR LP                                                              | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    500000 | PA      | $520808.06    | 0.15%             | 2029-08-01      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| TELECOM ITALIA CAPITAL                                                           | Telecom Italia Capital SA                                                        | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    365000 | PA      | $388520.96    | 0.11%             | 2036-07-18      | Fixed         | 7.20%                 | No            | 2                  | On Loan: No      |
| Tesla Inc                                                                        | Tesla Inc                                                                        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      3700 | NS      | $1175342.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| PEDIATRIX MEDICAL GROUP                                                          | Pediatrix Medical Group Inc                                                      | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $385551.43    | 0.11%             | 2030-02-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Aviva PLC                                                                        | Aviva PLC                                                                        | CUSIP: 000000000<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |    173132 | NS      | $1471526.22   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| NAVIENT CORP                                                                     | Navient Corp                                                                     | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    705000 | PA      | $798736.10    | 0.23%             | 2031-03-15      | Fixed         | 11.50%                | No            | 2                  | On Loan: No      |
| IRON MOUNTAIN INC                                                                | Iron Mountain Inc                                                                | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    335000 | PA      | $319184.78    | 0.09%             | 2031-02-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| PARK INTERMED HOLDINGS                                                           | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAB9<br>LEI: N/A                  | Long             | DBT              |  | US        |    395000 | PA      | $394498.35    | 0.11%             | 2028-10-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| SS&C Technologies Holdings Inc                                                   | SS&C Technologies Holdings Inc                                                   | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     14733 | NS      | $1219892.40   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| AZORRA FINANCE                                                                   | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    180000 | PA      | $183766.03    | 0.05%             | 2031-01-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                                      | CUSIP: 13058TJN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $140000.00    | 0.04%             | 2025-07-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                                         | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    225000 | PA      | $224802.61    | 0.06%             | 2029-04-20      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| MODIVCARE INC                                                                    | Modivcare Inc 2025 Incremental Term Loan                                         | CUSIP: 60783LAD2<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |    183553 | PA      | $138765.95    | 0.04%             | 2026-01-09      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Charlotte County Industrial Development Authority/FL                             | CHARLOTTE CNTY FL INDL DEV AUTH UTILITY SYS REVENUE                              | CUSIP: 16080TAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1069687.46   | 0.31%             | 2036-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| JD.com Inc                                                                       | JD.com Inc                                                                       | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     65300 | NS      | $1063939.26   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                                         | Virgin Media Finance PLC                                                         | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $228462.65    | 0.07%             | 2030-07-15      | Fixed         | 5.00%                 | 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        |    120000 | PA      | $121145.54    | 0.03%             | 2032-11-01      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                                            | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    525000 | PA      | $536914.35    | 0.15%             | 2029-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                                                | HSBC Holdings PLC                                                                | CUSIP: 404280CN7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1366578.45   | 0.39%             | 2030-12-17      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| RESOLUTE TOPCO INC                                                               | RESOLUTE TOPCO INC                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5151 | NS      | $28330.50     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                         | Builders FirstSource Inc                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    455000 | PA      | $463678.22    | 0.13%             | 2034-03-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| VIASAT INC                                                                       | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    335000 | PA      | $333686.20    | 0.10%             | 2027-04-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    375000 | PA      | $373588.69    | 0.11%             | 2028-05-15      | Fixed         | 11.25%                | No            | 2                  | On Loan: No      |
| Arista Networks Inc                                                              | Arista Networks Inc                                                              | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     18124 | NS      | $1854266.44   | 0.53%             |  |  |  | No            | 1                  | 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        |   1700000 | PA      | $1620745.32   | 0.47%             | 2030-08-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| SLM Corp                                                                         | SLM Corp                                                                         | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45735 | NS      | $1499650.65   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| ZEGONA FINANCE PLC                                                               | Zegona Finance PLC                                                               | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $854000.00    | 0.25%             | 2029-07-15      | Fixed         | 8.63%                 | No            | 2                  | On Loan: No      |
| UBS GROUP AG                                                                     | UBS Group AG                                                                     | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    395000 | PA      | $384194.85    | 0.11%             | 2027-02-12      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Bausch & Lomb Corporation                                                        | BAUSCH + LOMB CORPORATION 2025 TERM LOAN B                                       | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |     65000 | PA      | $65040.95     | 0.02%             | 2030-06-26      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Signify NV                                                                       | Signify NV                                                                       | CUSIP: 000000000<br>LEI: 549300072P3J1X8NZO35 | Long             | EC               | CORP              | NL        |     48757 | NS      | $1319818.15   | 0.38%             |  |  |  | Yes           | 1                  | On Loan: No      |
| EDISON INTERNATIONAL                                                             | Edison International                                                             | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    420000 | PA      | $405675.73    | 0.12%             | 2053-06-15      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| Coca-Cola HBC AG                                                                 | Coca-Cola HBC AG                                                                 | CUSIP: 000000000<br>LEI: 549300EFP3TNG7JGVE49 | Long             | EC               | CORP              | CH        |     39286 | NS      | $2051341.82   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| CHURCHILL DOWNS INC                                                              | Churchill Downs Inc                                                              | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    525000 | PA      | $539606.55    | 0.15%             | 2031-05-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| LATAM AIRLINES GROUP SA                                                          | Latam Airlines Group SA                                                          | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    540000 | PA      | $550800.00    | 0.16%             | 2030-04-15      | Fixed         | 7.88%                 | 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        |    320000 | PA      | $326028.00    | 0.09%             | 2032-09-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| BANIJAY ENTERTAINMENT                                                            | Banijay Entertainment SAS                                                        | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    755000 | PA      | $783283.06    | 0.22%             | 2029-05-01      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| Sysco Corp                                                                       | Sysco Corp                                                                       | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     22013 | NS      | $1667264.62   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| UNICREDIT SPA                                                                    | UniCredit SpA                                                                    | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   1200000 | PA      | $1406769.92   | 0.40%             | 2027-12-03      | Fixed         | 4.45%                 | Yes           | 2                  | On Loan: No      |
| BEACH ACQUISITION BIDCO                                                          | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    275000 | PA      | $285041.63    | 0.08%             | 2033-07-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| CENTRAL GARDEN & PET CO                                                          | Central Garden & Pet Co                                                          | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    345000 | PA      | $325677.27    | 0.09%             | 2030-10-15      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| UniCredit SpA                                                                    | UniCredit SpA                                                                    | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     34069 | NS      | $2283889.39   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| HERTZ CORP/THE                                                                   | Hertz Corp/The                                                                   | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156863.76    | 0.05%             | 2029-07-15      | Fixed         | 12.63%                | No            | 2                  | On Loan: No      |
| B&G FOODS INC                                                                    | B&G Foods Inc                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    785000 | PA      | $755787.78    | 0.22%             | 2028-09-15      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| Meta Platforms Inc                                                               | Meta Platforms Inc                                                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      3118 | NS      | $2301364.62   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Pfizer Inc                                                                       | Pfizer Inc                                                                       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     59630 | NS      | $1445431.20   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| CARNIVAL CORP                                                                    | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    700000 | PA      | $716206.40    | 0.21%             | 2033-02-15      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| Development Authority of Cobb County/The                                         | COBB CNTY GA DEV AUTH REVENUE                                                    | CUSIP: 190806EU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198146.04    | 0.06%             | 2028-12-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| BLOCK INC                                                                        | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    700000 | PA      | $722206.10    | 0.21%             | 2032-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| AIB GROUP PLC                                                                    | AIB Group PLC                                                                    | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1245682.81   | 0.36%             | 2029-10-30      | Fixed         | 7.13%                 | Yes           | 2                  | On Loan: No      |
| EXCELERATE ENERGY LP                                                             | Excelerate Energy LP                                                             | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    320000 | PA      | $337330.72    | 0.10%             | 2030-05-15      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| FORTRESS TRANS & INFRAST                                                         | Fortress Transportation and Infrastructure Investors LLC                         | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    560000 | PA      | $556986.02    | 0.16%             | 2028-05-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| BAYTEX ENERGY CORP                                                               | Baytex Energy Corp                                                               | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    295000 | PA      | $295178.84    | 0.08%             | 2030-04-30      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                         | Hess Midstream Operations LP                                                     | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $225996.75    | 0.06%             | 2030-10-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| CAIXABANK SA                                                                     | CaixaBank SA                                                                     | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $1054769.99   | 0.30%             | 2029-03-13      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| LATAM AIRLINES GROUP SA                                                          | Latam Airlines Group SA                                                          | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    140000 | PA      | $140525.00    | 0.04%             | 2031-01-07      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |
| ENCINO ACQUISITION PARTN                                                         | Encino Acquisition Partners Holdings LLC                                         | CUSIP: 29254BAB3<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |    240000 | PA      | $265045.44    | 0.08%             | 2031-05-01      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                                         | California Resources Corp                                                        | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307943.10    | 0.09%             | 2029-06-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| Asurion LLC                                                                      | Asurion LLC 2021 Term Loan B9                                                    | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    272863 | PA      | $272464.30    | 0.08%             | 2027-07-31      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Cencora Inc                                                                      | Cencora Inc                                                                      | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      4029 | NS      | $1208095.65   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| DirecTV Financing LLC                                                            | DirecTV Financing LLC 2024 Term Loan                                             | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    627363 | PA      | $621371.32    | 0.18%             | 2029-08-02      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| TELUS CORP                                                                       | TELUS Corp                                                                       | CUSIP: 87971MCL5<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |    470000 | PA      | $472808.61    | 0.14%             | 2055-10-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| CARVANA CO                                                                       | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1145969.77   | 0.33%             | 2030-06-01      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| Sompo Holdings Inc                                                               | Sompo Holdings Inc                                                               | CUSIP: 000000000<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |     61900 | NS      | $1867681.68   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Devon Energy Corp                                                                | Devon Energy Corp                                                                | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     29024 | NS      | $923253.44    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                                         | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    108333 | PA      | $108084.74    | 0.03%             | 2026-04-20      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| VICI Properties Inc                                                              | VICI Properties Inc                                                              | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     60079 | NS      | $1958575.40   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Plus500 Ltd                                                                      | Plus500 Ltd                                                                      | CUSIP: 000000000<br>LEI: 549300X8NGW9C5OJZU13 | Long             | EC               | CORP              | IL        |     24696 | NS      | $1151208.56   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    570000 | PA      | $394946.75    | 0.11%             | 2031-02-15      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| CLEAN HARBORS INC                                                                | Clean Harbors Inc                                                                | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    380000 | PA      | $389318.74    | 0.11%             | 2031-02-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| TE Connectivity PLC                                                              | TE Connectivity PLC                                                              | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |      6792 | NS      | $1145606.64   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| ARCHES BUYER INC                                                                 | Arches Buyer Inc                                                                 | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $239285.18    | 0.07%             | 2028-06-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Toledo Hospital/The                                                              | Toledo Hospital/The                                                              | CUSIP: 889184AE7<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $911250.00    | 0.26%             | 2048-11-15      | Fixed         | 6.02%                 | No            | 2                  | On Loan: No      |
| SCOR SE                                                                          | SCOR SE                                                                          | CUSIP: 000000000<br>LEI: 96950056ULJ4JI7V3752 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $477713.17    | 0.14%             | 2034-06-20      | Fixed         | 6.00%                 | Yes           | 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        |    725000 | PA      | $741074.70    | 0.21%             | 2030-12-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| iShares Core MSCI EAFE ETF                                                       | iShares Core MSCI EAFE ETF                                                       | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |     32350 | NS      | $2700578.00   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Simon Property Group Inc                                                         | Simon Property Group Inc                                                         | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |      7841 | NS      | $1260519.16   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | Level 3 Financing Inc                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    525000 | PA      | $448875.00    | 0.13%             | 2029-01-15      | Fixed         | 3.63%                 | No            | 2                  | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                         | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $149119.31    | 0.04%             | 2029-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                          | Nationwide Building Society                                                      | CUSIP: 000000000<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1385415.32   | 0.40%             | 2030-12-20      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                                           | Lumen Technologies Inc                                                           | CUSIP: 550241AK9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    562375 | PA      | $574325.47    | 0.16%             | 2032-10-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                                         | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $238314.43    | 0.07%             | 2030-05-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                                                         | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    485000 | PA      | $468837.81    | 0.13%             | 2028-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE                               | CUSIP: 34073TKY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $256322.10    | 0.07%             | 2027-06-01      | Fixed         | 5.43%                 | No            | 2                  | On Loan: No      |
| GEO GROUP INC/THE                                                                | GEO Group Inc/The                                                                | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    725000 | PA      | $767579.22    | 0.22%             | 2029-04-15      | Fixed         | 8.63%                 | No            | 2                  | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    475000 | PA      | $503436.83    | 0.14%             | 2032-01-15      | Fixed         | 10.88%                | No            | 2                  | On Loan: No      |
| TRIVIUM PACKAGING FIN                                                            | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    455000 | PA      | $487729.97    | 0.14%             | 2031-01-15      | Fixed         | 12.25%                | No            | 2                  | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                            | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    400000 | PA      | $428329.20    | 0.12%             | 2033-05-01      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                                         | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    335000 | PA      | $334765.12    | 0.10%             | 2027-07-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Buckeye Partners LP                                                              | Buckeye Partners LP                                                              | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    425000 | PA      | $374576.47    | 0.11%             | 2043-11-15      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| TK ELEVATOR HOLDCO GMBH                                                          | TK Elevator Holdco GmbH                                                          | CUSIP: 92537VAA8<br>LEI: 2549008GCHWX9EEMIS56 | Long             | DBT              | CORP              | DE        |     45000 | PA      | $45046.71     | 0.01%             | 2028-07-15      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |
| TERRAFORM POWER OPERATIN                                                         | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    300000 | PA      | $287217.45    | 0.08%             | 2030-01-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                                          | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $679416.00    | 0.19%             | 2031-09-15      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67443.16     | 0.02%             | 2033-11-01      | Fixed         | 8.38%                 | 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        |    655000 | PA      | $689162.84    | 0.20%             | 2031-04-30      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| SEALED AIR/SEALED AIR US                                                         | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $526239.00    | 0.15%             | 2031-02-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                                                         | Northriver Midstream Finance LP                                                  | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    380000 | PA      | $393538.64    | 0.11%             | 2032-07-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Fortescue Ltd                                                                    | Fortescue Ltd                                                                    | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |    105211 | NS      | $1058058.11   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| SABRE GLBL INC                                                                   | Sabre GLBL Inc                                                                   | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57530.00     | 0.02%             | 2030-07-15      | Fixed         | 11.13%                | 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        |    735000 | PA      | $753456.59    | 0.22%             | 2027-09-01      | Fixed         | 8.75%                 | 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        |    460000 | PA      | $438552.10    | 0.13%             | 2032-03-15      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| SS&C TECHNOLOGIES INC                                                            | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    720000 | PA      | $747443.52    | 0.21%             | 2032-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                                                            | Sotheby's/Bidfair Holdings Inc                                                   | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    795000 | PA      | $715914.82    | 0.21%             | 2029-06-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                                          | CUSIP: 6460664L1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961026.10    | 0.28%             | 2028-07-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Siemens AG                                                                       | Siemens AG                                                                       | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      4935 | NS      | $1265240.03   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| MPH ACQUISITION HOLDINGS                                                         | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AE2<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    396993 | PA      | $296256.03    | 0.09%             | 2031-03-31      | 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        |    214462 | PA      | $214087.19    | 0.06%             | 2032-02-10      | None          | 0.00%                 | 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        |    135000 | PA      | $126468.07    | 0.04%             | 2030-01-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| UGI Corp                                                                         | UGI Corp                                                                         | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     56348 | NS      | $2052194.16   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| NABORS INDUSTRIES INC                                                            | Nabors Industries Inc                                                            | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    315000 | PA      | $301613.58    | 0.09%             | 2030-01-31      | Fixed         | 9.13%                 | No            | 2                  | On Loan: No      |
| BANCO DEL ESTADO -CHILE                                                          | Banco del Estado de Chile                                                        | CUSIP: 05957AAC3<br>LEI: 5493004R4EJC0W0XVQ72 | Long             | DBT              | CORP              | CL        |    450000 | PA      | $467437.50    | 0.13%             | 2029-05-02      | Fixed         | 7.95%                 | No            | 2                  | On Loan: No      |
| CP Atlas Buyer Inc                                                               | CP Atlas Buyer Inc 2021 Term Loan B                                              | CUSIP: 12658HAG7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |    571508 | PA      | $568890.18    | 0.16%             | 2027-11-23      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Panasonic Holdings Corp                                                          | Panasonic Holdings Corp                                                          | CUSIP: 000000000<br>LEI: 254900GE1G59KGWPHX32 | Long             | EC               | CORP              | JP        |    117400 | NS      | $1268120.55   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| MURPHY OIL CORP                                                                  | Murphy Oil Corp                                                                  | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    305000 | PA      | $290783.77    | 0.08%             | 2032-10-01      | Fixed         | 6.00%                 | 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        |    800000 | PA      | $846971.20    | 0.24%             | 2031-02-15      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| NCL CORPORATION LTD                                                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBN0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    210000 | PA      | $221378.01    | 0.06%             | 2029-01-15      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| City of Coralville IA                                                            | CORALVILLE IA                                                                    | CUSIP: 218080FS3<br>LEI: 549300UKC7MMW46X6P25 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1197503.64   | 0.34%             | 2030-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| KLA Corp                                                                         | KLA Corp                                                                         | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1739 | NS      | $1557691.86   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                                                         | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $628371.59    | 0.18%             | 2031-10-01      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                         | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |   1175000 | PA      | $1272135.32   | 0.37%             | 2029-04-12      | Fixed         | 8.88%                 | No            | 2                  | On Loan: No      |
| CABLEVISION LIGHTPATH                                                            | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    425000 | PA      | $410573.67    | 0.12%             | 2028-09-15      | Fixed         | 5.63%                 | 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        |    220000 | PA      | $226324.12    | 0.06%             | 2033-06-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| RAKUTEN GROUP INC                                                                | Rakuten Group Inc                                                                | CUSIP: 75102WAM0<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    755000 | PA      | $738634.51    | 0.21%             | 2029-12-15      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| Denver Health & Hospital Authority                                               | DENVER CO HLTH & HOSP AUTH HLTHCARE REVENUE                                      | CUSIP: 24918EDM9<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    445000 | PA      | $445176.62    | 0.13%             | 2026-12-01      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| MPH ACQUISITION HOLDINGS                                                         | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    235163 | PA      | $193715.52    | 0.06%             | 2030-12-31      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| UBS GROUP AG                                                                     | UBS Group AG                                                                     | CUSIP: 902613BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    245000 | PA      | $257926.94    | 0.07%             | 2031-04-12      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| WHIRLPOOL CORP                                                                   | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110966.76    | 0.03%             | 2030-06-15      | Fixed         | 6.13%                 | 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        |    375000 | PA      | $393350.25    | 0.11%             | 2029-10-01      | Fixed         | 7.50%                 | No            | 2                  | 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        |    725000 | PA      | $758125.25    | 0.22%             | 2031-07-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                            | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    325000 | PA      | $335343.45    | 0.10%             | 2033-03-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Haier Smart Home Co Ltd                                                          | Haier Smart Home Co Ltd                                                          | CUSIP: 000000000<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |    277600 | NS      | $793905.69    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| CCM MERGER INC                                                                   | CCM Merger Inc                                                                   | CUSIP: 14985VAE1<br>LEI: 549300P77RSBKKFME089 | Long             | DBT              | CORP              | US        |   1460000 | PA      | $1460487.64   | 0.42%             | 2026-05-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| AIRCASTLE LTD                                                                    | Aircastle Ltd                                                                    | CUSIP: 00928QAW1<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    820000 | PA      | $811636.73    | 0.23%             | 2026-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Apple Inc                                                                        | Apple Inc                                                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     14255 | NS      | $2924698.35   | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Lantheus Holdings Inc                                                            | Lantheus Holdings Inc                                                            | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     15150 | NS      | $1240179.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| ROCKET SOFTWARE INC                                                              | Rocket Software Inc                                                              | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    650000 | PA      | $670023.31    | 0.19%             | 2028-11-28      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| Hertz Corporation, (The)                                                         | Hertz Corporation (The) 2021 Term Loan C                                         | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |     71074 | PA      | $58902.32     | 0.02%             | 2028-06-30      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                                         | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $150234.90    | 0.04%             | 2028-01-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| HUB INTERNATIONAL LTD                                                            | HUB International Ltd                                                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    365000 | PA      | $365049.28    | 0.10%             | 2029-12-01      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                         | Service Properties Trust                                                         | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   1175000 | PA      | $1261447.10   | 0.36%             | 2031-11-15      | Fixed         | 8.63%                 | No            | 2                  | On Loan: No      |
| AVIVA PLC                                                                        | Aviva PLC                                                                        | CUSIP: 000000000<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $1022358.06   | 0.29%             | 2031-12-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| HUB INTERNATIONAL LTD                                                            | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    125000 | PA      | $130629.38    | 0.04%             | 2030-06-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| CORECIVIC INC                                                                    | CoreCivic Inc                                                                    | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1304113.65   | 0.37%             | 2029-04-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                                        | Taiwan Semiconductor Manufacturing Co Ltd                                        | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     12251 | NS      | $2774728.99   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| ABN AMRO Bank NV                                                                 | ABN AMRO Bank NV                                                                 | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   1300000 | PA      | $1525976.17   | 0.44%             | 2027-09-22      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| ENDO FINANCE HOLDINGS                                                            | Endo Finance Holdings Inc                                                        | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    840000 | PA      | $889188.72    | 0.26%             | 2031-04-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| ASR NEDERLAND NV                                                                 | ASR Nederland NV                                                                 | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | DBT              | CORP              | NL        |    900000 | PA      | $1116242.05   | 0.32%             | 2031-12-27      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| ENCINO ACQUISITION PARTN                                                         | Encino Acquisition Partners Holdings LLC                                         | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |    775000 | PA      | $796314.83    | 0.23%             | 2028-05-01      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| ARDAGH METAL PACKAGING                                                           | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    730000 | PA      | $732242.56    | 0.21%             | 2027-06-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                                         | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    445000 | PA      | $458961.88    | 0.13%             | 2030-01-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| OCEANEERING INTL INC                                                             | Oceaneering International Inc                                                    | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302472.90    | 0.09%             | 2028-02-01      | Fixed         | 6.00%                 | 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        |    370000 | PA      | $379844.96    | 0.11%             | 2032-03-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    355000 | PA      | $314795.36    | 0.09%             | 2030-05-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| NEWELL BRANDS INC                                                                | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    460000 | PA      | $447499.09    | 0.13%             | 2030-05-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Gap Inc/The                                                                      | Gap Inc/The                                                                      | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |     40728 | NS      | $888277.68    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Deckers Outdoor Corp                                                             | Deckers Outdoor Corp                                                             | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      9796 | NS      | $1009673.72   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| SATURN OIL & GAS INC                                                             | Saturn Oil & Gas Inc                                                             | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |    243000 | PA      | $241505.36    | 0.07%             | 2029-06-15      | Fixed         | 9.63%                 | No            | 2                  | On Loan: No      |
| NCL CORPORATION LTD                                                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    280000 | PA      | $286055.98    | 0.08%             | 2032-02-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                                                           | Sempra                                                                           | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    410000 | PA      | $394235.04    | 0.11%             | 2052-04-01      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| Ziply Fiber Issuer, LLC                                                          | Ziply Fiber Issuer LLC                                                           | CUSIP: 98979QAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245000 | PA      | $263794.15    | 0.08%             | 2054-04-20      | Fixed         | 11.17%                | No            | 2                  | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                         | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    545000 | PA      | $557877.26    | 0.16%             | 2030-04-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ATHENAHEALTH GROUP INC                                                           | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1043321.43   | 0.30%             | 2030-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Geo Group Inc (The)                                                              | Geo Group Inc (The) 2024 Term Loan B                                             | CUSIP: 36170EAC1<br>LEI: 54930024XOXET7NQVZ63 | Long             | LON              | CORP              | US        |    235959 | PA      | $236253.86    | 0.07%             | 2029-04-13      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| SkyMiles IP Ltd                                                                  | SkyMiles IP Ltd 2020 Skymiles Term Loan B                                        | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |    354404 | PA      | $356133.68    | 0.10%             | 2027-10-20      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Booking Holdings Inc                                                             | Booking Holdings Inc                                                             | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       225 | NS      | $1302579.00   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| GEO GROUP INC/THE                                                                | GEO Group Inc/The                                                                | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    725000 | PA      | $795149.55    | 0.23%             | 2031-04-15      | Fixed         | 10.25%                | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                                                                     | Barclays PLC                                                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $849326.99    | 0.24%             | 2031-09-15      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| GGAM FINANCE LTD                                                                 | GGAM Finance Ltd                                                                 | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    725000 | PA      | $730147.50    | 0.21%             | 2030-03-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Antonio B Won Pat International Airport Authority                                | GUAM INTERNATIONAL ARPT AUTH                                                     | CUSIP: 40064REL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $560585.00    | 0.16%             | 2043-10-01      | Fixed         | 4.46%                 | No            | 2                  | On Loan: No      |
| Merck & Co Inc                                                                   | Merck & Co Inc                                                                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     24253 | NS      | $1919867.48   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                                         | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    615000 | PA      | $629843.03    | 0.18%             | 2032-04-01      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| Jefferson County Civic Facility Development Corp                                 | JEFFERSON CNTY NY CIVIC FAC DEV CORP                                             | CUSIP: 47325RAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $145884.27    | 0.04%             | 2028-11-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| DIEBOLD NIXDORF INC                                                              | Diebold Nixdorf Inc                                                              | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    595000 | PA      | $631232.55    | 0.18%             | 2030-03-31      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| LAMB WESTON HLD                                                                  | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    500000 | PA      | $468249.80    | 0.13%             | 2032-01-31      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| SOCIETE GENERALE                                                                 | Societe Generale SA                                                              | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1200000 | PA      | $1273462.80   | 0.37%             | 2027-11-22      | Fixed         | 9.38%                 | Yes           | 2                  | On Loan: No      |
| SERVICE CORP INTL                                                                | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    660000 | PA      | $666730.68    | 0.19%             | 2032-10-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co                                                                   | Eli Lilly & Co                                                                   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1656 | NS      | $1290901.68   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    750000 | PA      | $778976.76    | 0.22%             | 2031-06-01      | Fixed         | 8.38%                 | No            | 2                  | On Loan: No      |
| NCL CORPORATION LTD                                                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    330000 | PA      | $350883.39    | 0.10%             | 2029-02-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| Amazon.com Inc                                                                   | Amazon.com Inc                                                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     13424 | NS      | $2945091.36   | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| EASTERN MAINE HEALTHCARE                                                         | Eastern Maine Healthcare Systems                                                 | CUSIP: 276682AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $938056.62    | 0.27%             | 2036-07-01      | Fixed         | 5.02%                 | No            | 2                  | On Loan: No      |
| Frontier Issuer LLC                                                              | Frontier Issuer LLC                                                              | CUSIP: 35910EAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    196350 | PA      | $220405.15    | 0.06%             | 2054-06-20      | Fixed         | 11.16%                | No            | 2                  | On Loan: No      |
| Telenor ASA                                                                      | Telenor ASA                                                                      | CUSIP: 000000000<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |    120453 | NS      | $1872629.83   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| CSC Holdings LLC                                                                 | CSC Holdings LLC 2022 Term Loan B6                                               | CUSIP: 64072UAM4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    611403 | PA      | $602238.15    | 0.17%             | 2028-01-18      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $398537.40    | 0.11%             | 2029-06-01      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | Level 3 Financing Inc                                                            | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    350000 | PA      | $303625.00    | 0.09%             | 2030-10-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                           | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    530000 | PA      | $534935.89    | 0.15%             | 2029-03-31      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| PARAMOUNT GLOBAL                                                                 | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    415000 | PA      | $390616.68    | 0.11%             | 2057-02-28      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| EZCORP INC                                                                       | EZCORP Inc                                                                       | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    390000 | PA      | $410517.51    | 0.12%             | 2032-04-01      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010317.10   | 0.29%             | 2026-07-01      | Fixed         | 10.00%                | 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              |  | US        |    225000 | PA      | $227283.30    | 0.07%             | 2032-06-15      | Fixed         | 8.63%                 | No            | 2                  | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                                                         | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $423468.68    | 0.12%             | 2031-10-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                          | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    675000 | PA      | $697180.50    | 0.20%             | 2030-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                                         | Encore Capital Group Inc                                                         | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    575000 | PA      | $611473.94    | 0.18%             | 2029-04-01      | Fixed         | 9.25%                 | No            | 2                  | On Loan: No      |
| HERC HOLDINGS INC                                                                | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    625000 | PA      | $652723.34    | 0.19%             | 2030-06-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| BYD Co Ltd                                                                       | BYD Co Ltd                                                                       | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     88500 | NS      | $1381059.75   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| BOMBARDIER INC                                                                   | Bombardier Inc                                                                   | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    625000 | PA      | $676611.88    | 0.19%             | 2030-11-15      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc                                                              | Gilead Sciences Inc                                                              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     15854 | NS      | $1757732.98   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                                                         | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    900000 | PA      | $993234.60    | 0.29%             | 2029-03-19      | Fixed         | 9.38%                 | No            | 2                  | On Loan: No      |
| COVENTRY BLDG SOCIETY                                                            | Coventry Building Society                                                        | CUSIP: 000000000<br>LEI: 2138004G59FXEAZ6IO10 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $575217.08    | 0.17%             | 2029-06-11      | Fixed         | 8.75%                 | Yes           | 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        |    925000 | PA      | $896196.70    | 0.26%             | 2028-08-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| KIMMERIDGE TEXAS GAS LLC                                                         | Kimmeridge Texas Gas LLC                                                         | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    145000 | PA      | $150066.59    | 0.04%             | 2030-02-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| CHART INDUSTRIES INC                                                             | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    230000 | PA      | $240792.98    | 0.07%             | 2030-01-01      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| China Construction Bank Corp                                                     | China Construction Bank Corp                                                     | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |   1558000 | NS      | $1571903.01   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| ConocoPhillips                                                                   | ConocoPhillips                                                                   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     15631 | NS      | $1402725.94   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| ECHOSTAR CORP                                                                    | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1711256 | PA      | $1561744.18   | 0.45%             | 2030-11-30      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| SURGERY CENTER HOLDINGS                                                          | Surgery Center Holdings Inc                                                      | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    430000 | PA      | $438175.19    | 0.13%             | 2032-04-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| CONCENTRA HEALTH SERVICE                                                         | Concentra Health Services Inc                                                    | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    525000 | PA      | $543565.92    | 0.16%             | 2032-07-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer