# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001410368-26-006672
**Filing Date:** 2026-1
**Character Count:** 145640
**Document Hash:** 7d158cfb71b74069163d7c6cfd054bd5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-006672.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001410368-26-006672

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260831

**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:** 26556113

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

**MAIL ADDRESS:**
- **STREET 1:** 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 Short-Term High Income Fund (Series ID: S000007428)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020384 | Class A             | SSTHX           |
| C000064988 | Class C             | WFHYX           |
| C000123105 | Institutional Class | STYIX           |

## Nport-Ex

Portfolio of investments—November 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: 1.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bain Capital Credit CLO Ltd. Series 2022-3A Class BR (U.S. SOFR 3 <br> Month+1.63%)144A±<br>| 5.51<br> %<br>| &nbsp;&nbsp; 7-17-2035 | $10000000 | &nbsp;&nbsp; $10011670 |
| &nbsp;&nbsp;&nbsp; Flexential Issuer Series 2021-1A Class B144A | 3.72 | &nbsp;&nbsp; 11-27-2051 | 1925000 | &nbsp;&nbsp; 1895872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown CLO IX Ltd. Series 2016-9A Class A2R3 (U.S. SOFR 3 <br> Month+1.70%)144A±<br>| 5.56 | &nbsp;&nbsp; 7-25-2034 | 7700000 | &nbsp;&nbsp; 7701702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCM 34 Ltd. Series 34A Class BR (U.S. SOFR 3 <br> Month+1.70%)144A±<br>| 5.58 | &nbsp;&nbsp; 10-20-2034 | 10000000 | &nbsp;&nbsp; 9991250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wellfleet CLO Ltd. Series 2021-2A Class BR (U.S. SOFR 3 <br> Month+1.75%)144A±<br>| 5.65 | &nbsp;&nbsp; 7-15-2034 | 10000000 | &nbsp;&nbsp; 10000350 |
| **Total asset-backed securities (Cost $39,570,986)** |  |  |  | &nbsp;&nbsp; **39600844** |
| **Corporate bonds and notes: 74.92%** |  |  |  |  |
| **Basic materials: 2.29%** |  |  |  |  |
| **Chemicals: 1.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC | 6.50 | &nbsp;&nbsp; 4-15-2030 | 8390000 | &nbsp;&nbsp; 8376718 |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC | 6.85 | &nbsp;&nbsp; 11-15-2028 | 2900000 | &nbsp;&nbsp; 2997753 |
| &nbsp;&nbsp;&nbsp; Chemours Co. | 5.38 | &nbsp;&nbsp; 5-15-2027 | 14150000 | &nbsp;&nbsp; 14148526 |
| &nbsp;&nbsp;&nbsp; SCIH Salt Holdings, Inc.144A | 4.88 | &nbsp;&nbsp; 5-1-2028 | 11410000 | &nbsp;&nbsp; 11358558 |
|  |  |  |  | &nbsp;&nbsp; **36881555** |
| **Iron/steel: 0.82%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.144A | 6.88 | &nbsp;&nbsp; 11-1-2029 | 20105000 | &nbsp;&nbsp; **20685089** |
| **Communications: 8.42%** |  |  |  |  |
| **Advertising: 0.64%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc.144A | 7.13 | &nbsp;&nbsp; 2-15-2031 | 11835000 | &nbsp;&nbsp; 12317951 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital Corp.144A | 5.00 | &nbsp;&nbsp; 8-15-2027 | 3760000 | &nbsp;&nbsp; 3754424 |
|  |  |  |  | &nbsp;&nbsp; **16072375** |
| **Internet: 1.66%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arches Buyer, Inc.144A | 4.25 | &nbsp;&nbsp; 6-1-2028 | 12270000 | &nbsp;&nbsp; 12091760 |
| &nbsp;&nbsp;&nbsp; Gen Digital, Inc.144A | 6.75 | &nbsp;&nbsp; 9-30-2027 | 21650000 | &nbsp;&nbsp; 22076289 |
| &nbsp;&nbsp;&nbsp; Wayfair LLC144A | 7.25 | &nbsp;&nbsp; 10-31-2029 | 7200000 | &nbsp;&nbsp; 7489778 |
|  |  |  |  | &nbsp;&nbsp; **41657827** |
| **Media: 4.62%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 5.00 | &nbsp;&nbsp; 2-1-2028 | 5265000 | &nbsp;&nbsp; 5221033 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 5.13 | &nbsp;&nbsp; 5-1-2027 | 39665000 | &nbsp;&nbsp; 39609057 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 5.38 | &nbsp;&nbsp; 6-1-2029 | 4000000 | &nbsp;&nbsp; 3961030 |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC/DIRECTV Financing Co-Obligor, Inc.144A | 5.88 | &nbsp;&nbsp; 8-15-2027 | 15005000 | &nbsp;&nbsp; 15009427 |
| &nbsp;&nbsp;&nbsp; Nexstar Media, Inc.144A | 5.63 | &nbsp;&nbsp; 7-15-2027 | 16125000 | &nbsp;&nbsp; 16137561 |
| &nbsp;&nbsp;&nbsp; Paramount Global (U.S. SOFR 3 Month+3.90%)± | 6.25 | &nbsp;&nbsp; 2-28-2057 | 7130000 | &nbsp;&nbsp; 6940164 |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC144A | 5.00 | &nbsp;&nbsp; 8-1-2027 | 28930000 | &nbsp;&nbsp; 28936480 |
|  |  |  |  | &nbsp;&nbsp; **115814752** |
| **Telecommunications: 1.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CommScope LLC144A | 4.75 | &nbsp;&nbsp; 9-1-2029 | 12035000 | &nbsp;&nbsp; 12014180 |
| &nbsp;&nbsp;&nbsp; Frontier California, Inc. Series F | 6.75 | &nbsp;&nbsp; 5-15-2027 | 5650000 | &nbsp;&nbsp; 5734750 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 1

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Telecommunications**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Frontier Communications Holdings LLC144A | 5.88<br> %<br>| &nbsp;&nbsp; 10-15-2027 | $8915000 | &nbsp;&nbsp; $8927043 |
| &nbsp;&nbsp;&nbsp; Viasat, Inc.144A | 5.63 | &nbsp;&nbsp; 4-15-2027 | 10950000 | &nbsp;&nbsp; 10961125 |
|  |  |  |  | &nbsp;&nbsp; **37637098** |
| **Consumer, cyclical: 15.06%** |  |  |  |  |
| **Airlines: 1.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc.144A | 7.25 | &nbsp;&nbsp; 2-15-2028 | 6600000 | &nbsp;&nbsp; 6756526 |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd.144A | 5.50 | &nbsp;&nbsp; 4-20-2026 | 9180000 | &nbsp;&nbsp; 9196092 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc. | 7.38 | &nbsp;&nbsp; 1-15-2026 | 2600000 | &nbsp;&nbsp; 2602545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaiian Airlines Pass-Through Certificates Series 2013-1 <br> Class 1A<br>| 3.90 | &nbsp;&nbsp; 1-15-2026 | 2080874 | &nbsp;&nbsp; 2075101 |
| &nbsp;&nbsp;&nbsp; United Airlines, Inc.144A | 4.38 | &nbsp;&nbsp; 4-15-2026 | 10000000 | &nbsp;&nbsp; 9987392 |
|  |  |  |  | &nbsp;&nbsp; **30617656** |
| **Apparel: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Crocs, Inc.144A | 4.25 | &nbsp;&nbsp; 3-15-2029 | 10315000 | &nbsp;&nbsp; **9964248** |
| **Auto manufacturers: 2.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 4.13 | &nbsp;&nbsp; 8-17-2027 | 8900000 | &nbsp;&nbsp; 8809470 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 6.80 | &nbsp;&nbsp; 5-12-2028 | 8545000 | &nbsp;&nbsp; 8900265 |
| &nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. LLC144A | 2.00 | &nbsp;&nbsp; 3-9-2026 | 14099000 | &nbsp;&nbsp; 14042691 |
| &nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. LLC144A | 5.63 | &nbsp;&nbsp; 9-29-2028 | 3820000 | &nbsp;&nbsp; 3810305 |
| &nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. LLC144A | 6.95 | &nbsp;&nbsp; 9-15-2026 | 12566000 | &nbsp;&nbsp; 12707414 |
| &nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. LLC144A | 7.05 | &nbsp;&nbsp; 9-15-2028 | 2930000 | &nbsp;&nbsp; 3022735 |
|  |  |  |  | &nbsp;&nbsp; **51292880** |
| **Auto parts & equipment: 0.82%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.144A | 8.25 | &nbsp;&nbsp; 4-15-2031 | 10230000 | &nbsp;&nbsp; 10752027 |
| &nbsp;&nbsp;&nbsp; Dana, Inc. | 5.63 | &nbsp;&nbsp; 6-15-2028 | 9815000 | &nbsp;&nbsp; 9819515 |
|  |  |  |  | &nbsp;&nbsp; **20571542** |
| **Distribution/wholesale: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; RB Global Holdings, Inc.144A | 7.75 | &nbsp;&nbsp; 3-15-2031 | 7462000 | &nbsp;&nbsp; **7820870** |
| **Entertainment: 4.94%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Churchill Downs, Inc.144A | 5.50 | &nbsp;&nbsp; 4-1-2027 | 29540000 | &nbsp;&nbsp; 29594294 |
| &nbsp;&nbsp;&nbsp; Cinemark USA, Inc.144A | 5.25 | &nbsp;&nbsp; 7-15-2028 | 24480000 | &nbsp;&nbsp; 24416230 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc.144A | 6.50 | &nbsp;&nbsp; 5-15-2027 | 21600000 | &nbsp;&nbsp; 21815460 |
| &nbsp;&nbsp;&nbsp; SeaWorld Parks & Entertainment, Inc.144A | 5.25 | &nbsp;&nbsp; 8-15-2029 | 13435000 | &nbsp;&nbsp; 12996310 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp.144A | 5.50 | &nbsp;&nbsp; 4-15-2027 | 18975000 | &nbsp;&nbsp; 18731992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum <br> Management Corp.<br>| 5.25 | &nbsp;&nbsp; 7-15-2029 | 5000000 | &nbsp;&nbsp; 4638391 |
| &nbsp;&nbsp;&nbsp; WarnerMedia Holdings, Inc. | 4.05 | &nbsp;&nbsp; 3-15-2029 | 12240000 | &nbsp;&nbsp; 11872708 |
|  |  |  |  | &nbsp;&nbsp; **124065385** |
| **Home builders: 0.92%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; K Hovnanian Enterprises, Inc.144A | 8.00 | &nbsp;&nbsp; 4-1-2031 | 4640000 | &nbsp;&nbsp; 4774834 |
| &nbsp;&nbsp;&nbsp; LGI Homes, Inc.144A | 8.75 | &nbsp;&nbsp; 12-15-2028 | 8790000 | &nbsp;&nbsp; 9157712 |

---

See accompanying notes to portfolio of investments

2 \| Allspring Short-Term High Income Fund

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Home builders**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Taylor Morrison Communities, Inc.144A | 5.75<br> %<br>| &nbsp;&nbsp; 1-15-2028 | $2733000 | &nbsp;&nbsp; $2791888 |
| &nbsp;&nbsp;&nbsp; Tri Pointe Homes, Inc. | 5.70 | &nbsp;&nbsp; 6-15-2028 | 6282000 | &nbsp;&nbsp; 6360795 |
|  |  |  |  | &nbsp;&nbsp; **23085229** |
| **Home furnishings: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Whirlpool Corp. | 6.13 | &nbsp;&nbsp; 6-15-2030 | 8780000 | &nbsp;&nbsp; **8868283** |
| **Housewares: 0.83%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Garden & Pet Co. | 5.13 | &nbsp;&nbsp; 2-1-2028 | 3000000 | &nbsp;&nbsp; 2996991 |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc.144A | 8.50 | &nbsp;&nbsp; 6-1-2028 | 17130000 | &nbsp;&nbsp; 17831919 |
|  |  |  |  | &nbsp;&nbsp; **20828910** |
| **Leisure time: 1.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 5.88 | &nbsp;&nbsp; 1-15-2031 | 10100000 | &nbsp;&nbsp; 9967167 |
| &nbsp;&nbsp;&nbsp; Sabre Global, Inc.144A | 8.63 | &nbsp;&nbsp; 6-1-2027 | 10200000 | &nbsp;&nbsp; 10320407 |
| &nbsp;&nbsp;&nbsp; Sabre Global, Inc.144A | 10.75 | &nbsp;&nbsp; 11-15-2029 | 3209000 | &nbsp;&nbsp; 2824019 |
| &nbsp;&nbsp;&nbsp; VOC Escrow Ltd.144A | 5.00 | &nbsp;&nbsp; 2-15-2028 | 10130000 | &nbsp;&nbsp; 10128199 |
|  |  |  |  | &nbsp;&nbsp; **33239792** |
| **Retail: 1.90%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. | 1.75 | &nbsp;&nbsp; 10-1-2027 | 2620000 | &nbsp;&nbsp; 2473838 |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc.144A | 7.00 | &nbsp;&nbsp; 8-1-2030 | 20735000 | &nbsp;&nbsp; 21163087 |
| &nbsp;&nbsp;&nbsp; Gap, Inc.144A | 3.63 | &nbsp;&nbsp; 10-1-2029 | 8750000 | &nbsp;&nbsp; 8300050 |
| &nbsp;&nbsp;&nbsp; Group 1 Automotive, Inc.144A | 6.38 | &nbsp;&nbsp; 1-15-2030 | 8795000 | &nbsp;&nbsp; 9034998 |
| &nbsp;&nbsp;&nbsp; Lithia Motors, Inc.144A | 4.63 | &nbsp;&nbsp; 12-15-2027 | 6710000 | &nbsp;&nbsp; 6702300 |
|  |  |  |  | &nbsp;&nbsp; **47674273** |
| **Consumer, non-cyclical: 7.88%** |  |  |  |  |
| **Commercial services: 4.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas <br> Luxco 4 Sarl144A<br>| 4.63 | &nbsp;&nbsp; 6-1-2028 | 3140000 | &nbsp;&nbsp; 3082248 |
| &nbsp;&nbsp;&nbsp; Block, Inc. | 2.75 | &nbsp;&nbsp; 6-1-2026 | 1760000 | &nbsp;&nbsp; 1745211 |
| &nbsp;&nbsp;&nbsp; CoreCivic, Inc. | 8.25 | &nbsp;&nbsp; 4-15-2029 | 16385000 | &nbsp;&nbsp; 17261974 |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 8.63 | &nbsp;&nbsp; 4-15-2029 | 34200000 | &nbsp;&nbsp; 36038250 |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 10.25 | &nbsp;&nbsp; 4-15-2031 | 7305000 | &nbsp;&nbsp; 8015761 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc.144A | 7.00 | &nbsp;&nbsp; 6-15-2030 | 9280000 | &nbsp;&nbsp; 9741513 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC/Prime Finance, Inc.144A | 5.75 | &nbsp;&nbsp; 4-15-2026 | 4640000 | &nbsp;&nbsp; 4652881 |
| &nbsp;&nbsp;&nbsp; United Rentals North America, Inc. | 5.50 | &nbsp;&nbsp; 5-15-2027 | 13185000 | &nbsp;&nbsp; 13186078 |
| &nbsp;&nbsp;&nbsp; Veritiv Operating Co.144A | 10.50 | &nbsp;&nbsp; 11-30-2030 | 8125000 | &nbsp;&nbsp; 8732206 |
|  |  |  |  | &nbsp;&nbsp; **102456122** |
| **Cosmetics/Personal Care: 0.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Edgewell Personal Care Co.144A | 5.50 | &nbsp;&nbsp; 6-1-2028 | 16790000 | &nbsp;&nbsp; **16754786** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 3

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Food: 0.70%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New <br> Albertsons LP/Albertsons LLC144A<br>| 5.88<br> %<br>| &nbsp;&nbsp; 2-15-2028 | $6675000 | &nbsp;&nbsp; $6685380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New <br> Albertsons LP/Albertsons LLC144A<br>| 6.50 | &nbsp;&nbsp; 2-15-2028 | 10560000 | &nbsp;&nbsp; 10749235 |
|  |  |  |  | &nbsp;&nbsp; **17434615** |
| **Healthcare-services: 1.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; IQVIA, Inc.144A | 5.00 | &nbsp;&nbsp; 10-15-2026 | 9540000 | &nbsp;&nbsp; 9533684 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc.144A | 9.00 | &nbsp;&nbsp; 10-1-2030 | 9200000 | &nbsp;&nbsp; 9859640 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. | 4.63 | &nbsp;&nbsp; 6-15-2028 | 5575000 | &nbsp;&nbsp; 5577358 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. | 6.13 | &nbsp;&nbsp; 10-1-2028 | 8705000 | &nbsp;&nbsp; 8742693 |
|  |  |  |  | &nbsp;&nbsp; **33713375** |
| **Pharmaceuticals: 1.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AdaptHealth LLC144A | 6.13 | &nbsp;&nbsp; 8-1-2028 | 6825000 | &nbsp;&nbsp; 6884371 |
| &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV144A | 4.13 | &nbsp;&nbsp; 4-30-2028 | 20995000 | &nbsp;&nbsp; 20461019 |
|  |  |  |  | &nbsp;&nbsp; **27345390** |
| **Energy: 12.28%** |  |  |  |  |
| **Energy-alternate sources: 0.59%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TerraForm Power Operating LLC144A | 5.00 | &nbsp;&nbsp; 1-31-2028 | 14815000 | &nbsp;&nbsp; **14789081** |
| **Oil & gas: 2.98%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp.144A | 7.50 | &nbsp;&nbsp; 10-1-2029 | 17990000 | &nbsp;&nbsp; 18798147 |
| &nbsp;&nbsp;&nbsp; Antero Resources Corp.144A | 7.63 | &nbsp;&nbsp; 2-1-2029 | 12500000 | &nbsp;&nbsp; 12700000 |
| &nbsp;&nbsp;&nbsp; California Resources Corp.144A | 8.25 | &nbsp;&nbsp; 6-15-2029 | 4710000 | &nbsp;&nbsp; 4927955 |
| &nbsp;&nbsp;&nbsp; Civitas Resources, Inc.144A | 8.38 | &nbsp;&nbsp; 7-1-2028 | 13075000 | &nbsp;&nbsp; 13484810 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co.144A | 6.25 | &nbsp;&nbsp; 11-1-2028 | 11115000 | &nbsp;&nbsp; 11166685 |
| &nbsp;&nbsp;&nbsp; Nabors Industries, Inc.144A | 9.13 | &nbsp;&nbsp; 1-31-2030 | 11315000 | &nbsp;&nbsp; 11863099 |
| &nbsp;&nbsp;&nbsp; Range Resources Corp. | 8.25 | &nbsp;&nbsp; 1-15-2029 | 1910000 | &nbsp;&nbsp; 1948146 |
|  |  |  |  | &nbsp;&nbsp; **74888842** |
| **Oil & gas services: 1.55%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bristow Group, Inc.144A | 6.88 | &nbsp;&nbsp; 3-1-2028 | 14418000 | &nbsp;&nbsp; 14523251 |
| &nbsp;&nbsp;&nbsp; Oceaneering International, Inc. | 6.00 | &nbsp;&nbsp; 2-1-2028 | 21595000 | &nbsp;&nbsp; 21926094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression Finance <br> Corp.144A<br>| 7.13 | &nbsp;&nbsp; 3-15-2029 | 2400000 | &nbsp;&nbsp; 2494714 |
|  |  |  |  | &nbsp;&nbsp; **38944059** |
| **Pipelines: 7.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream Finance <br> Corp.144A<br>| 5.75 | &nbsp;&nbsp; 1-15-2028 | 10670000 | &nbsp;&nbsp; 10682655 |
| &nbsp;&nbsp;&nbsp; Buckeye Partners LP144A | 6.88 | &nbsp;&nbsp; 7-1-2029 | 13950000 | &nbsp;&nbsp; 14531129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer LP Series H (5 Year Treasury Constant <br> Maturity+5.69%)ʊ±<br>| 6.50 | &nbsp;&nbsp; 11-15-2026 | 2010000 | &nbsp;&nbsp; 2015007 |
| &nbsp;&nbsp;&nbsp; Excelerate Energy LP144A | 8.00 | &nbsp;&nbsp; 5-15-2030 | 19170000 | &nbsp;&nbsp; 20423660 |
| &nbsp;&nbsp;&nbsp; Harvest Midstream I LP144A | 7.50 | &nbsp;&nbsp; 9-1-2028 | 23330000 | &nbsp;&nbsp; 23660516 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP144A | 5.88 | &nbsp;&nbsp; 3-1-2028 | 25855000 | &nbsp;&nbsp; 26290088 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP144A | 6.50 | &nbsp;&nbsp; 6-1-2029 | 1580000 | &nbsp;&nbsp; 1634951 |

---

See accompanying notes to portfolio of investments

4 \| Allspring Short-Term High Income Fund

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Pipelines**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings LP144A | 6.63<br> %<br>| &nbsp;&nbsp; 12-15-2028 | $28860000 | &nbsp;&nbsp; $29689265 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.144A | 5.50 | &nbsp;&nbsp; 1-15-2028 | 18445000 | &nbsp;&nbsp; 18434508 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc.144A | 8.13 | &nbsp;&nbsp; 6-1-2028 | 31455000 | &nbsp;&nbsp; 32218539 |
|  |  |  |  | &nbsp;&nbsp; **179580318** |
| **Financial: 15.21%** |  |  |  |  |
| **Banks: 0.97%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp. Series RR (5 Year Treasury Constant <br> Maturity+2.76%)ʊ±<br>| 4.38 | &nbsp;&nbsp; 1-27-2027 | 22920000 | &nbsp;&nbsp; 22597972 |
| &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 | 1837000 | &nbsp;&nbsp; 1829716 |
|  |  |  |  | &nbsp;&nbsp; **24427688** |
| **Diversified financial services: 8.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Acadian Asset Management, Inc. | 4.80 | &nbsp;&nbsp; 7-27-2026 | 9090000 | &nbsp;&nbsp; 9051458 |
| &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 | 9535000 | &nbsp;&nbsp; 9489640 |
| &nbsp;&nbsp;&nbsp; Azorra Finance Ltd.144A | 7.75 | &nbsp;&nbsp; 4-15-2030 | 9730000 | &nbsp;&nbsp; 10271261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp. Series O (U.S. SOFR 3 <br> Month+3.34%)ʊ±<br>| 5.50 | &nbsp;&nbsp; 10-30-2027 | 13835000 | &nbsp;&nbsp; 13850924 |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, Inc.144A | 9.25 | &nbsp;&nbsp; 4-1-2029 | 10180000 | &nbsp;&nbsp; 10714710 |
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC144A | 6.00 | &nbsp;&nbsp; 8-15-2026 | 17285000 | &nbsp;&nbsp; 17241019 |
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC144A | 9.50 | &nbsp;&nbsp; 2-15-2029 | 4535000 | &nbsp;&nbsp; 4788117 |
| &nbsp;&nbsp;&nbsp; Navient Corp. | 4.88 | &nbsp;&nbsp; 3-15-2028 | 12100000 | &nbsp;&nbsp; 11947019 |
| &nbsp;&nbsp;&nbsp; Navient Corp. | 5.00 | &nbsp;&nbsp; 3-15-2027 | 11235000 | &nbsp;&nbsp; 11225068 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp. | 5.38 | &nbsp;&nbsp; 11-15-2029 | 18720000 | &nbsp;&nbsp; 18658791 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp. | 7.13 | &nbsp;&nbsp; 3-15-2026 | 11250000 | &nbsp;&nbsp; 11321741 |
| &nbsp;&nbsp;&nbsp; PRA Group, Inc.144A | 8.38 | &nbsp;&nbsp; 2-1-2028 | 18815000 | &nbsp;&nbsp; 19221084 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc.144A | 6.13 | &nbsp;&nbsp; 8-1-2030 | 9410000 | &nbsp;&nbsp; 9768163 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc.144A | 6.50 | &nbsp;&nbsp; 8-1-2029 | 7345000 | &nbsp;&nbsp; 7618917 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.144A | 2.88 | &nbsp;&nbsp; 10-15-2026 | 11865000 | &nbsp;&nbsp; 11672772 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC144A | 5.50 | &nbsp;&nbsp; 4-15-2029 | 15170000 | &nbsp;&nbsp; 15013097 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC144A | 5.75 | &nbsp;&nbsp; 6-15-2027 | 16915000 | &nbsp;&nbsp; 16954327 |
|  |  |  |  | &nbsp;&nbsp; **208808108** |
| **Insurance: 1.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer144A | 6.75 | &nbsp;&nbsp; 4-15-2028 | 17145000 | &nbsp;&nbsp; 17457999 |
| &nbsp;&nbsp;&nbsp; AmWINS Group, Inc.144A | 6.38 | &nbsp;&nbsp; 2-15-2029 | 8625000 | &nbsp;&nbsp; 8863309 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd.144A | 7.25 | &nbsp;&nbsp; 6-15-2030 | 2970000 | &nbsp;&nbsp; 3111921 |
|  |  |  |  | &nbsp;&nbsp; **29433229** |
| **Investment Companies: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 6.25 | &nbsp;&nbsp; 5-15-2026 | 1877000 | &nbsp;&nbsp; **1875204** |
| **REITs: 4.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc.144A | 3.75 | &nbsp;&nbsp; 1-15-2027 | 9806000 | &nbsp;&nbsp; 9667061 |
| &nbsp;&nbsp;&nbsp; Boston Properties LP | 3.65 | &nbsp;&nbsp; 2-1-2026 | 1750000 | &nbsp;&nbsp; 1747573 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 3.95 | &nbsp;&nbsp; 11-15-2027 | 5180000 | &nbsp;&nbsp; 5116486 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 8.88 | &nbsp;&nbsp; 4-12-2029 | 12065000 | &nbsp;&nbsp; 13067360 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 5

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **REITs**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc.144A | 5.25<br> %<br>| &nbsp;&nbsp; 3-15-2028 | $24240000 | &nbsp;&nbsp; $24197294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance <br> Corp.144A<br>| 4.25 | &nbsp;&nbsp; 2-1-2027 | 5000000 | &nbsp;&nbsp; 4952467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance <br> Corp.144A<br>| 4.75 | &nbsp;&nbsp; 6-15-2029 | 11085000 | &nbsp;&nbsp; 10926459 |
| &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 | 19165000 | &nbsp;&nbsp; 19183130 |
| &nbsp;&nbsp;&nbsp; Service Properties Trust144A | 8.63 | &nbsp;&nbsp; 11-15-2031 | 925000 | &nbsp;&nbsp; 971005 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc.144A | 3.63 | &nbsp;&nbsp; 7-15-2026 | 20690000 | &nbsp;&nbsp; 20530732 |
| &nbsp;&nbsp;&nbsp; XHR LP144A | 6.63 | &nbsp;&nbsp; 5-15-2030 | 6645000 | &nbsp;&nbsp; 6811105 |
|  |  |  |  | &nbsp;&nbsp; **117170672** |
| **Industrial: 7.10%** |  |  |  |  |
| **Aerospace/defense: 1.96%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc.144A | 9.38 | &nbsp;&nbsp; 11-30-2029 | 13643000 | &nbsp;&nbsp; 14327481 |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc.144A | 9.75 | &nbsp;&nbsp; 11-15-2030 | 7530000 | &nbsp;&nbsp; 8249957 |
| &nbsp;&nbsp;&nbsp; TransDigm, Inc.144A | 6.38 | &nbsp;&nbsp; 3-1-2029 | 25950000 | &nbsp;&nbsp; 26727644 |
|  |  |  |  | &nbsp;&nbsp; **49305082** |
| **Electrical components & equipment: 1.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Energizer Holdings, Inc.144A | 4.75 | &nbsp;&nbsp; 6-15-2028 | 12755000 | &nbsp;&nbsp; 12596307 |
| &nbsp;&nbsp;&nbsp; WESCO Distribution, Inc.144A | 6.38 | &nbsp;&nbsp; 3-15-2029 | 13275000 | &nbsp;&nbsp; 13715425 |
|  |  |  |  | &nbsp;&nbsp; **26311732** |
| **Machinery-diversified: 0.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc.144A | 7.50 | &nbsp;&nbsp; 1-1-2030 | 700000 | &nbsp;&nbsp; 729358 |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc.144A | 5.25 | &nbsp;&nbsp; 7-15-2027 | 17430000 | &nbsp;&nbsp; 17459192 |
|  |  |  |  | &nbsp;&nbsp; **18188550** |
| **Miscellaneous manufacturing: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 4.38 | &nbsp;&nbsp; 4-15-2028 | 4700000 | &nbsp;&nbsp; **4654351** |
| **Packaging & containers: 1.76%** |  |  |  |  |
| &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 | 17170000 | &nbsp;&nbsp; 17170000 |
| &nbsp;&nbsp;&nbsp; Berry Global, Inc.144A | 4.88 | &nbsp;&nbsp; 7-15-2026 | 1750000 | &nbsp;&nbsp; 1750449 |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc.144A | 6.63 | &nbsp;&nbsp; 4-15-2029 | 13480000 | &nbsp;&nbsp; 13639954 |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc.144A | 6.88 | &nbsp;&nbsp; 1-15-2030 | 1625000 | &nbsp;&nbsp; 1649879 |
| &nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container, Inc.144A | 6.63 | &nbsp;&nbsp; 5-13-2027 | 9965000 | &nbsp;&nbsp; 9984063 |
|  |  |  |  | &nbsp;&nbsp; **44194345** |
| **Trucking & leasing: 1.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC144A | 5.50 | &nbsp;&nbsp; 5-1-2028 | 29355000 | &nbsp;&nbsp; 29468986 |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC144A | 7.88 | &nbsp;&nbsp; 12-1-2030 | 5590000 | &nbsp;&nbsp; 5951427 |
|  |  |  |  | &nbsp;&nbsp; **35420413** |
| **Technology: 2.84%** |  |  |  |  |
| **Computers: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Western Digital Corp. | 4.75 | &nbsp;&nbsp; 2-15-2026 | 4866000 | &nbsp;&nbsp; **4861839** |

---

See accompanying notes to portfolio of investments

6 \| Allspring Short-Term High Income Fund

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Semiconductors: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ON Semiconductor Corp.144A | 3.88<br> %<br>| &nbsp;&nbsp; 9-1-2028 | $795000 | &nbsp;&nbsp; **$774993** |
| **Software: 2.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 6.50 | &nbsp;&nbsp; 3-31-2029 | 32035000 | &nbsp;&nbsp; 32292298 |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc.144A | 9.00 | &nbsp;&nbsp; 11-28-2028 | 5390000 | &nbsp;&nbsp; 5553247 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies, Inc.144A | 5.50 | &nbsp;&nbsp; 9-30-2027 | 27700000 | &nbsp;&nbsp; 27695557 |
|  |  |  |  | &nbsp;&nbsp; **65541102** |
| **Utilities: 3.84%** |  |  |  |  |
| **Electric: 3.84%** |  |  |  |  |
| &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 | 17588000 | &nbsp;&nbsp; 17139750 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. | 5.00 | &nbsp;&nbsp; 7-1-2028 | 9950000 | &nbsp;&nbsp; 9877444 |
| &nbsp;&nbsp;&nbsp; Vistra Corp. (5 Year Treasury Constant Maturity+5.74%)144Aʊ± | 7.00 | &nbsp;&nbsp; 12-15-2026 | 5350000 | &nbsp;&nbsp; 5425419 |
| &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 | 2405000 | &nbsp;&nbsp; 2673011 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 5.00 | &nbsp;&nbsp; 7-31-2027 | 5280000 | &nbsp;&nbsp; 5296906 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 5.63 | &nbsp;&nbsp; 2-15-2027 | 23400000 | &nbsp;&nbsp; 23428291 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP144A | 4.50 | &nbsp;&nbsp; 9-15-2027 | 25280000 | &nbsp;&nbsp; 24837160 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP144A | 7.25 | &nbsp;&nbsp; 1-15-2029 | 7565000 | &nbsp;&nbsp; 7752839 |
|  |  |  |  | &nbsp;&nbsp; **96430820** |
| **Total corporate bonds and notes (Cost $1,853,824,797)** |  |  |  | &nbsp;&nbsp; **1880082480** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Investment companies: 1.63%** |  |  |
| **Exchange-traded funds: 1.63%** |  |  |
| &nbsp;&nbsp;&nbsp; iShares 0-5 Year High Yield Corporate Bond ETF | 438527 | &nbsp;&nbsp; 18891743 |
| &nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg Short Term High Yield Bond ETF | 868026 | &nbsp;&nbsp; 22099942 |
| **Total investment companies (Cost $40,408,663)** |  | &nbsp;&nbsp; **40991685** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | Principal |  |
| **Loans: 4.25%** |  |  |  |  |
| **Communications: 0.33%** |  |  |  |  |
| **Internet: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cablevision Lightpath LLC (U.S. SOFR 1 Month+3.00%)± | 6.96 | &nbsp;&nbsp; 11-30-2027 | $4522218 | &nbsp;&nbsp; **4529001** |
| **Media: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC (U.S. SOFR 3 Month+5.00%)± | 9.10 | &nbsp;&nbsp; 8-2-2027 | 381753 | &nbsp;&nbsp; 381647 |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC (U.S. SOFR 3 Month+5.25%)± | 9.35 | &nbsp;&nbsp; 8-2-2029 | 3309822 | &nbsp;&nbsp; 3311741 |
|  |  |  |  | &nbsp;&nbsp; **3693388** |
| **Consumer, cyclical: 0.73%** |  |  |  |  |
| **Airlines: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Vista Management Holding, Inc. (U.S. SOFR 3 Month+3.75%)± | 7.74 | &nbsp;&nbsp; 4-1-2031 | 7543800 | &nbsp;&nbsp; **7595173** |
| **Auto parts & equipment: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clarios Global LP (U.S. SOFR 1 Month+2.75%)± | 6.67 | &nbsp;&nbsp; 1-28-2032 | 5575000 | &nbsp;&nbsp; **5590666** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 7

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Retail: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., Inc. (U.S. SOFR 3 Month+3.25%)± | 7.51<br> %<br>| &nbsp;&nbsp; 3-3-2028 | $5395000 | &nbsp;&nbsp; **$5299832** |
| **Consumer, non-cyclical: 0.04%** |  |  |  |  |
| **Healthcare-products: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corp. (U.S. SOFR 1 Month+4.25%)± | 8.17 | &nbsp;&nbsp; 1-15-2031 | 917700 | &nbsp;&nbsp; **922747** |
| **Energy: 0.53%** |  |  |  |  |
| **Oil & gas: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP (U.S. SOFR 1 Month+2.00%)± | 5.96 | &nbsp;&nbsp; 2-11-2030 | 6965000 | &nbsp;&nbsp; **6965000** |
| **Pipelines: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Prairie Acquiror LP (U.S. SOFR 1 Month+3.75%)± | 7.67 | &nbsp;&nbsp; 8-1-2029 | 6245335 | &nbsp;&nbsp; **6280497** |
| **Financial: 0.84%** |  |  |  |  |
| **Insurance: 0.84%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Asurion LLC (U.S. SOFR 1 Month+3.25%)± | 7.28 | &nbsp;&nbsp; 7-31-2027 | 21052420 | &nbsp;&nbsp; **21018315** |
| **Industrial: 1.51%** |  |  |  |  |
| **Aerospace/defense: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc. (U.S. SOFR 3 Month+4.50%)± | 8.34 | &nbsp;&nbsp; 1-15-2027 | 3909846 | &nbsp;&nbsp; **3904959** |
| **Building materials: 0.64%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc. (U.S. SOFR 1 Month+2.25%)± | 6.17 | &nbsp;&nbsp; 3-19-2029 | 15984848 | &nbsp;&nbsp; **15999394** |
| **Machinery-diversified: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc. (U.S. SOFR 6 Month+3.00%)± | 7.20 | &nbsp;&nbsp; 4-30-2030 | 9950063 | &nbsp;&nbsp; **10004987** |
| **Packaging & containers: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Graham Packaging Co., Inc. (U.S. SOFR 1 Month+2.50%)± | 6.42 | &nbsp;&nbsp; 8-4-2027 | 7925000 | &nbsp;&nbsp; **7939503** |
| **Technology: 0.27%** |  |  |  |  |
| **Computers: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; McAfee Corp. (U.S. SOFR 1 Month+3.00%)± | 6.92 | &nbsp;&nbsp; 3-1-2029 | 1656654 | &nbsp;&nbsp; **1526789** |
| **Software: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc. (U.S. SOFR 1 Month+3.75%)± | 7.67 | &nbsp;&nbsp; 11-28-2028 | 5368489 | &nbsp;&nbsp; **5351256** |
| **Total loans (Cost $106,456,060)** |  |  |  | &nbsp;&nbsp; **106621507** |
| **Non-agency mortgage-backed securities: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust Series 2024-HE1 Class A1 <br> (30 Day Average U.S. SOFR+1.60%)144A±<br>| 5.67 | &nbsp;&nbsp; 8-25-2054 | 6263044 | &nbsp;&nbsp; 6276108 |
| **Total non-agency mortgage-backed securities (Cost $6,263,044)** |  |  |  | &nbsp;&nbsp; **6276108** |
| **Yankee corporate bonds and notes: 10.53%** |  |  |  |  |
| **Basic materials: 0.31%** |  |  |  |  |
| **Mining: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alumina Pty. Ltd.144A | 6.13 | &nbsp;&nbsp; 3-15-2030 | 7590000 | &nbsp;&nbsp; **7804454** |

---

See accompanying notes to portfolio of investments

8 \| Allspring Short-Term High Income Fund

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Communications: 1.49%** |  |  |  |  |
| **Internet: 0.91%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rakuten Group, Inc.144A | 11.25<br> %<br>| &nbsp;&nbsp; 2-15-2027 | $21325000 | &nbsp;&nbsp; **$22844158** |
| **Media: 0.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes IV DAC144A | 5.00 | &nbsp;&nbsp; 7-15-2028 | 14820000 | &nbsp;&nbsp; **14497984** |
| **Consumer, cyclical: 3.35%** |  |  |  |  |
| **Airlines: 1.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Air Canada Pass-Through Trust Series 2020-1 Class C144A | 10.50 | &nbsp;&nbsp; 7-15-2026 | 22234000 | &nbsp;&nbsp; 22957752 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA144A | 7.63 | &nbsp;&nbsp; 1-7-2031 | 13840000 | &nbsp;&nbsp; 14404395 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA144A | 7.88 | &nbsp;&nbsp; 4-15-2030 | 1000000 | &nbsp;&nbsp; 1047820 |
| &nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management Holding, Inc.144A | 7.88 | &nbsp;&nbsp; 5-1-2027 | 3588000 | &nbsp;&nbsp; 3610397 |
|  |  |  |  | &nbsp;&nbsp; **42020364** |
| **Leisure time: 1.68%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Carnival Corp.144A | 5.13 | &nbsp;&nbsp; 5-1-2029 | 10920000 | &nbsp;&nbsp; 11011367 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd.144A | 5.38 | &nbsp;&nbsp; 7-15-2027 | 30910000 | &nbsp;&nbsp; 31148553 |
|  |  |  |  | &nbsp;&nbsp; **42159920** |
| **Consumer, non-cyclical: 0.87%** |  |  |  |  |
| **Healthcare-products: 0.87%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corp.144A | 8.38 | &nbsp;&nbsp; 10-1-2028 | 20903000 | &nbsp;&nbsp; **21791378** |
| **Energy: 0.25%** |  |  |  |  |
| **Oil & gas: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Borr IHC Ltd./Borr Finance LLC144A | 10.00 | &nbsp;&nbsp; 11-15-2028 | 6231707 | &nbsp;&nbsp; **6212919** |
| **Financial: 1.59%** |  |  |  |  |
| **Banks: 0.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA (5 Year Treasury Constant <br> Maturity+4.64%)144Aʊ±<br>| 5.88 | &nbsp;&nbsp; 1-24-2027 | 9880000 | &nbsp;&nbsp; **9754399** |
| **Diversified financial services: 1.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Global Aircraft Leasing Co. Ltd.144A | 8.75 | &nbsp;&nbsp; 9-1-2027 | 20845000 | &nbsp;&nbsp; 21558608 |
| &nbsp;&nbsp;&nbsp; goeasy Ltd.144A | 9.25 | &nbsp;&nbsp; 12-1-2028 | 5710000 | &nbsp;&nbsp; 5880209 |
| &nbsp;&nbsp;&nbsp; Macquarie AirFinance Holdings Ltd.144A | 6.40 | &nbsp;&nbsp; 3-26-2029 | 2650000 | &nbsp;&nbsp; 2785606 |
|  |  |  |  | &nbsp;&nbsp; **30224423** |
| **Industrial: 0.63%** |  |  |  |  |
| **Aerospace/defense: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bombardier, Inc.144A | 6.00 | &nbsp;&nbsp; 2-15-2028 | 4890000 | &nbsp;&nbsp; 4904831 |
| &nbsp;&nbsp;&nbsp; Bombardier, Inc.144A | 7.88 | &nbsp;&nbsp; 4-15-2027 | 938000 | &nbsp;&nbsp; 940775 |
|  |  |  |  | &nbsp;&nbsp; **5845606** |
| **Packaging & containers: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV144A | 8.25 | &nbsp;&nbsp; 7-15-2030 | 9510000 | &nbsp;&nbsp; **10012042** |
| **Technology: 0.77%** |  |  |  |  |
| **Computers: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Seagate Data Storage Technology Pte. Ltd.144A | 8.25 | &nbsp;&nbsp; 12-15-2029 | 9615000 | &nbsp;&nbsp; **10214495** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 9

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Software: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Open Text Corp.144A | 3.88<br> %<br>| &nbsp;&nbsp; 2-15-2028 | $7390000 | &nbsp;&nbsp; $7207352 |
| &nbsp;&nbsp;&nbsp; Open Text Corp.144A | 6.90 | &nbsp;&nbsp; 12-1-2027 | 1800000 | &nbsp;&nbsp; 1867268 |
|  |  |  |  | &nbsp;&nbsp; **9074620** |
| **Utilities: 1.27%** |  |  |  |  |
| **Electric: 1.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp. (5 Year Treasury Constant <br> Maturity+3.25%)±<br>| 4.75 | &nbsp;&nbsp; 1-18-2082 | 3035000 | &nbsp;&nbsp; 2990411 |
| &nbsp;&nbsp;&nbsp; Emera, Inc. Series 16-A (U.S. SOFR 3 Month+5.44%)± | 6.75 | &nbsp;&nbsp; 6-15-2076 | 28595000 | &nbsp;&nbsp; 28804230 |
|  |  |  |  | &nbsp;&nbsp; **31794641** |
| **Total yankee corporate bonds and notes (Cost $260,382,459)** |  |  |  | &nbsp;&nbsp; **264251403** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 5.57%** |  |  |  |  |
| **Investment companies: 5.57%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞ |  | 3.93 | 139702762 | &nbsp;&nbsp; **139702762** |
| **Total short-term investments (Cost $139,702,762)** |  |  |  | &nbsp;&nbsp; **139702762** |
| **Total investments in securities (Cost $2,446,608,771)** | 98.73<br> %<br>|  |  | &nbsp;&nbsp; 2477526789 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | 1.27 |  |  | &nbsp;&nbsp; 31961428 |
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$2509488217** |

---

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

---

| | |
|:---|:---|
| 144A | 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>|
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| ʊ | 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. |

---

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

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| CLO | Collateralized loan obligation |
| REIT | Real estate investment trust |
| SOFR | Secured Overnight Financing Rate |

---

**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>| $113121610 | $313866263 | $(287285111)<br>| $0 | $0 | $139702762 | 139702762 | $1064494 |

---

See accompanying notes to portfolio of investments

10 \| Allspring Short-Term High Income Fund

------

Portfolio of investments—November 30, 2025 (unaudited)

**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; 2-Year U.S. Treasury Notes | &nbsp;&nbsp; 1785 | &nbsp;&nbsp; 3-31-2026 | &nbsp;&nbsp; $372649488 | &nbsp;&nbsp; $372813986 | &nbsp;&nbsp; $164498 | &nbsp;&nbsp; $0 |
| **Short** |  |  |  |  |  |  |
| &nbsp;&nbsp; 5-Year U.S. Treasury Notes | &nbsp;&nbsp; (821)<br>| &nbsp;&nbsp; 3-31-2026 | &nbsp;&nbsp; (90101044)<br>| &nbsp;&nbsp; (90117578)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (16534)<br>|
|  |  |  |  |  | &nbsp;&nbsp; **$164498** | &nbsp;&nbsp; **$(16534)**<br>|

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 11

------

Notes to portfolio of investments—November 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.

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, LLC ("Allspring Funds Management"), which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management's process for determining the fair value of the portfolio of investments.

Loans

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

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 interest rates and is subject to interest rate 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)

12 \| Allspring Short-Term High Income Fund

------

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

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

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of November 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; $39600844 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $39600844 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1880082480 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1880082480 |
| **Investment companies** | &nbsp;&nbsp; 40991685 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 40991685 |
| **Loans** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 106621507 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 106621507 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 6276108 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 6276108 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 264251403 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 264251403 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 139702762 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 139702762 |
|  | &nbsp;&nbsp; 180694447 | &nbsp;&nbsp;&nbsp;&nbsp; 2296832342 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 2477526789 |
| **Futures contracts** | &nbsp;&nbsp; 164498 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 164498 |
| **Total assets** | &nbsp;&nbsp; **$180858945** | &nbsp;&nbsp;&nbsp; **$2296832342** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$2477691287** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Futures contracts** | &nbsp;&nbsp; $16534 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $16534 |
| **Total liabilities** | &nbsp;&nbsp; **$16534** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$16534** |

---

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

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

As of November 30, 2025, $2,600,000 was segregated as cash collateral for these open futures contracts.

At November 30, 2025, the Fund did not have any transfers into/out of Level 3.

Allspring Short-Term High Income Fund \| 13

------

## 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 Short-Term High Income Fund

- **b. EDGAR series identifier (if any):** S000007428

- **c. LEI of Series:** 549300XI3YHQBS68YO89

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2516753783.61

**Total Liabilities:** $14933147.91

**Net Assets:** $2501820635.70

**Delayed Delivery Securities:** $1997325.00

**Cash Not Reported:** $2418551.22

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1130.68000000 | **1-Year:** -18113.57000000 | **5-Year:** -8911.84000000 | **10-Year:** -19.93000000 | **30-Year:** 0.00000000

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

- **3-Month:** -24078.48000000 | **1-Year:** -145326.55000000 | **5-Year:** -89712.47000000 | **10-Year:** -4079.27000000 | **30-Year:** -4012.63000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020384 | 0.46%                | 0.33%                | 0.58%                |
| Class ID C000064988 | 0.40%                | 0.27%                | 0.64%                |
| Class ID C000123105 | 0.49%                | 0.36%                | 0.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $467944.76               | $225816.35                                 |
| Month 2  | $999622.86               | $-3832194.66                               |
| Month 3  | $-67058.63               | $4093702.20                                |

**Designated Index Information**

- **Index Name:** ICE BofA 1-3 Year BB U.S. Cash Pay High Yield Index

- **Index Identifier:** J1A1

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERICAN AIRLINES/AADVAN                                   | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   9180000 | PA      | $9196092.57   | 0.37%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                            | AdaptHealth LLC                                                                  | CUSIP: 00653VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6825000 | PA      | $6884370.68   | 0.28%             | 2028-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                     | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |  10230000 | PA      | $10752026.67  | 0.43%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                         | Advance Auto Parts Inc                                                           | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   2620000 | PA      | $2473838.58   | 0.10%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                         | Advance Auto Parts Inc                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |  20735000 | PA      | $21163087.35  | 0.85%             | 2030-08-01      | Fixed         | 7.00%                 | 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        |  17990000 | PA      | $18798146.78  | 0.75%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2020-1C PTT                                     | Air Canada 2020-1 Class C Pass Through Trust                                     | CUSIP: 008911BD0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  22234000 | PA      | $22957752.27  | 0.92%             | 2026-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                              | Aircastle Ltd                                                                    | CUSIP: 00928QAW1<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   9535000 | PA      | $9489640.10   | 0.38%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   6675000 | PA      | $6685379.63   | 0.27%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAA6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |  10560000 | PA      | $10749235.20  | 0.43%             | 2028-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                                    | Algonquin Power & Utilities Corp                                                 | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   3035000 | PA      | $2990411.57   | 0.12%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17145000 | PA      | $17457999.12  | 0.70%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                    | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   3140000 | PA      | $3082247.86   | 0.12%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                                            | Alumina Pty Ltd                                                                  | CUSIP: 02220AAA5<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |   7590000 | PA      | $7804454.31   | 0.31%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                      | American Airlines Inc                                                            | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   6600000 | PA      | $6756525.93   | 0.27%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                           | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   8625000 | PA      | $8863308.75   | 0.35%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                                      | Antero Resources Corp                                                            | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12700000.00  | 0.51%             | 2029-02-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10670000 | PA      | $10682654.62  | 0.43%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                           | Arches Buyer Inc                                                                 | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |  12270000 | PA      | $12091759.85  | 0.48%             | 2028-06-01      | Fixed         | 4.25%                 | 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        |  17170000 | PA      | $17170000.00  | 0.69%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                | Asurion LLC 2021 Term Loan B9                                                    | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |  21052420 | PA      | $21018315.47  | 0.84%             | 2027-07-31      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                             | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   9730000 | PA      | $10271260.44  | 0.41%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                           | Bain Capital Credit CLO 2022-3 Ltd                                               | CUSIP: 05684NAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |  10000000 | PA      | $10011670.00  | 0.40%             | 2035-07-17      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                   | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05973KAA5<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   9880000 | PA      | $9754399.51   | 0.39%             | 2027-01-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                       | Bank of America Corp                                                             | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  22920000 | PA      | $22597971.71  | 0.90%             | 2027-01-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                         | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |  20903000 | PA      | $21791377.50  | 0.87%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                           | Berry Global Inc                                                                 | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1750449.17   | 0.07%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                                     | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |   9806000 | PA      | $9667060.75   | 0.39%             | 2027-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    938000 | PA      | $940774.60    | 0.04%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                             | Bombardier Inc                                                                   | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   4890000 | PA      | $4904831.37   | 0.20%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                                    | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   6231707 | PA      | $6212918.56   | 0.25%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                       | Boston Properties LP                                                             | CUSIP: 10112RAX2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   1750000 | PA      | $1747572.84   | 0.07%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                   | Brandywine Operating Partnership LP                                              | CUSIP: 105340AQ6<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |   5180000 | PA      | $5116485.95   | 0.20%             | 2027-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                   | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |  12065000 | PA      | $13067360.20  | 0.52%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ACADIAN ASSET MANAGEMENT                                   | Acadian Asset Management Inc                                                     | CUSIP: 10948WAA1<br>LEI: 5493004FTLQNQTBOP608 | Long             | DBT              | CORP              | US        |   9090000 | PA      | $9051458.40   | 0.36%             | 2026-07-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP INC                                          | Bristow Group Inc                                                                | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |  14418000 | PA      | $14523251.40  | 0.58%             | 2028-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                        | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |  13950000 | PA      | $14531129.10  | 0.58%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  39665000 | PA      | $39609056.48  | 1.58%             | 2027-05-01      | Fixed         | 5.13%                 | No            |                  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        |   5265000 | PA      | $5221033.04   | 0.21%             | 2028-02-01      | Fixed         | 5.00%                 | 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        |   4000000 | PA      | $3961030.40   | 0.16%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Cablevision Lightpath LLC                                  | Cablevision Lightpath LLC 2025 Repriced Term Loan                                | CUSIP: 12687HAD9<br>LEI: 5493002ZVBLRLGES1R71 | Long             | LON              | CORP              | US        |   4522218 | PA      | $4529001.37   | 0.18%             | 2027-11-30      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                   | California Resources Corp                                                        | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   4710000 | PA      | $4927955.25   | 0.20%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                   | Capital One Financial Corp                                                       | CUSIP: 14040HDK8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  13835000 | PA      | $13850924.09  | 0.55%             | 2027-10-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                              | Carnival Corp                                                                    | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |  10920000 | PA      | $11011367.64  | 0.44%             | 2029-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                                       | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AE6<br>LEI: 549300TUVLNQQ6BVKH61 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4638391.50   | 0.19%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2997753.20   | 0.12%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   8390000 | PA      | $8376717.79   | 0.33%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                    | Central Garden & Pet Co                                                          | CUSIP: 153527AM8<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2996991.60   | 0.12%             | 2028-02-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                       | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    700000 | PA      | $729357.30    | 0.03%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                | Chemours Co/The                                                                  | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |  14150000 | PA      | $14148525.57  | 0.57%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                        | Churchill Downs Inc                                                              | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |  29540000 | PA      | $29594294.52  | 1.18%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                           | Cinemark USA Inc                                                                 | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |  24480000 | PA      | $24416229.60  | 0.98%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                              | Citigroup Inc                                                                    | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1837000 | PA      | $1829716.30   | 0.07%             | 2026-02-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                      | Civitas Resources Inc                                                            | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |  13075000 | PA      | $13484809.73  | 0.54%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |  11835000 | PA      | $12317950.85  | 0.49%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |  20105000 | PA      | $20685089.57  | 0.83%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |  13480000 | PA      | $13639953.68  | 0.55%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1649878.75   | 0.07%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                              | CommScope LLC                                                                    | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |  12035000 | PA      | $12014179.45  | 0.48%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CORECIVIC INC                                              | CoreCivic Inc                                                                    | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |  16385000 | PA      | $17261974.36  | 0.69%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                                  | Crocs Inc                                                                        | CUSIP: 227046AA7<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |  10315000 | PA      | $9964247.71   | 0.40%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                   | Dana Inc                                                                         | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |   9815000 | PA      | $9819514.90   | 0.39%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                        | Delta Air Lines Inc                                                              | CUSIP: 247361ZZ4<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2602544.75   | 0.10%             | 2026-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DirecTV Financing LLC                                      | DirecTV Financing LLC Term Loan                                                  | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    381753 | PA      | $381646.44    | 0.02%             | 2027-08-02      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| DirecTV Financing LLC                                      | DirecTV Financing LLC 2024 Term Loan                                             | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3309821 | PA      | $3311741.12   | 0.13%             | 2029-08-02      | Floating      | 9.35%                 | 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        |  15005000 | PA      | $15009426.48  | 0.60%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                                     | Edgewell Personal Care Co                                                        | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |  16790000 | PA      | $16754786.33  | 0.67%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EMERA INC                                                  | Emera Inc                                                                        | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |  28595000 | PA      | $28804229.62  | 1.15%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                   | Encore Capital Group Inc                                                         | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |  10180000 | PA      | $10714709.79  | 0.43%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                     | Energizer Holdings Inc                                                           | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |  12755000 | PA      | $12596307.39  | 0.50%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                         | Energy Transfer LP                                                               | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2010000 | PA      | $2015006.91   | 0.08%             | 2026-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                               | Entegris Inc                                                                     | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4654351.25   | 0.19%             | 2028-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EXCELERATE ENERGY LP                                       | Excelerate Energy LP                                                             | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |  19170000 | PA      | $20423660.49  | 0.82%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer, LLC                                     | Flexential Issuer 2021-1                                                         | CUSIP: 33938MAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1925000 | PA      | $1895872.63   | 0.08%             | 2051-11-27      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   8900000 | PA      | $8809470.09   | 0.35%             | 2027-08-17      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397C92<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   8545000 | PA      | $8900264.44   | 0.36%             | 2028-05-12      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                    | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |  29355000 | PA      | $29468985.47  | 1.18%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                    | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   5590000 | PA      | $5951427.04   | 0.24%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABE7<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |   8915000 | PA      | $8927043.18   | 0.36%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                          | GEO Group Inc/The                                                                | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |  34200000 | PA      | $36038250.00  | 1.44%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                          | GEO Group Inc/The                                                                | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |   7305000 | PA      | $8015761.31   | 0.32%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| FRONTIER CALIFORNIA INC                                    | Frontier California Inc                                                          | CUSIP: 362311AG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5650000 | PA      | $5734750.00   | 0.23%             | 2027-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                        | GS Mortgage-Backed Securities Trust 2024-HE1                                     | CUSIP: 36270AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6263044 | PA      | $6276107.62   | 0.25%             | 2054-08-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                                | Gap Inc/The                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   8750000 | PA      | $8300049.63   | 0.33%             | 2029-10-01      | Fixed         | 3.63%                 | 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        |  20845000 | PA      | $21558607.73  | 0.86%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                 | goeasy Ltd                                                                       | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   5710000 | PA      | $5880209.39   | 0.24%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Graham Packaging Company Inc                               | Graham Packaging Company Inc 2024 Term Loan B                                    | CUSIP: 38469EAE3<br>LEI: 549300YS0ZFT826HIK72 | Long             | LON              | CORP              | US        |   7925000 | PA      | $7939502.75   | 0.32%             | 2027-08-04      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                                     | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   8795000 | PA      | $9034997.96   | 0.36%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                     | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |  23330000 | PA      | $23660516.11  | 0.95%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HAWAIIAN AIRLINES 13-1A                                    | Hawaiian Airlines 2013-1 Class A Pass Through Certificates                       | CUSIP: 419838AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2080873 | PA      | $2075100.89   | 0.08%             | 2026-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                          | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   9280000 | PA      | $9741512.96   | 0.39%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                   | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1634950.82   | 0.07%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                   | Hess Midstream Operations LP                                                     | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25855000 | PA      | $26290087.94  | 1.05%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11115000 | PA      | $11166684.75  | 0.45%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                        | Hilcorp Energy I LP Term Loan B                                                  | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |   6965000 | PA      | $6965000.00   | 0.28%             | 2030-02-11      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                      | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   2970000 | PA      | $3111921.45   | 0.12%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                  | IQVIA Inc                                                                        | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   9540000 | PA      | $9533684.52   | 0.38%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1877000 | PA      | $1875203.34   | 0.07%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |  24240000 | PA      | $24197293.97  | 0.97%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| iShares 0-5 Year High Yield Corporate Bond ETF             | iShares 0-5 Year High Yield Corporate Bond ETF                                   | CUSIP: 46434V407<br>LEI: 549300R96U5WQ7R5ID10 | Long             | EC               | RF                | US        |    438527 | NS      | $18891743.16  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Jamestown CLO Ltd                                          | Jamestown CLO IX Ltd                                                             | CUSIP: 47048JBH5<br>LEI: 254900NFTK4YH0WYT485 | Long             | ABS-CBDO         | CORP              | KY        |   7700000 | PA      | $7701701.70   | 0.31%             | 2034-07-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                   | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17285000 | PA      | $17241018.84  | 0.69%             | 2026-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                   | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4535000 | PA      | $4788116.49   | 0.19%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                    | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |   4640000 | PA      | $4774833.76   | 0.19%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                        | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |  28860000 | PA      | $29689264.68  | 1.19%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                              | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   8790000 | PA      | $9157712.07   | 0.37%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                                        | LCM 34 Ltd                                                                       | CUSIP: 50203CAQ6<br>LEI: 54930038DJKYPKSVRB29 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9991250.00   | 0.40%             | 2034-10-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                   | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              |  | US        |   5000000 | PA      | $4952467.00   | 0.20%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                   | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              |  | US        |  11085000 | PA      | $10926459.00  | 0.44%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                    | Latam Airlines Group SA                                                          | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   1000000 | PA      | $1047820.00   | 0.04%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                    | Latam Airlines Group SA                                                          | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |  13840000 | PA      | $14404395.20  | 0.58%             | 2031-01-07      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                          | Lithia Motors Inc                                                                | CUSIP: 536797AE3<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   6710000 | PA      | $6702299.60   | 0.27%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                   | Live Nation Entertainment Inc                                                    | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |  21600000 | PA      | $21815460.00  | 0.87%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                                   | Macquarie Airfinance Holdings Ltd                                                | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   2650000 | PA      | $2785605.75   | 0.11%             | 2029-03-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                   | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  12240000 | PA      | $11872708.20  | 0.47%             | 2029-03-15      | Fixed         | 4.05%                 | 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        |   1656654 | PA      | $1526789.02   | 0.06%             | 2029-03-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |  10100000 | PA      | $9967166.82   | 0.40%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                      | Nabors Industries Inc                                                            | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |  11315000 | PA      | $11863098.60  | 0.47%             | 2030-01-31      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                               | Navient Corp                                                                     | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  11235000 | PA      | $11225068.26  | 0.45%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                               | Navient Corp                                                                     | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  12100000 | PA      | $11947018.49  | 0.48%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                          | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |  17130000 | PA      | $17831918.88  | 0.71%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                     | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |  25280000 | PA      | $24837160.13  | 0.99%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                     | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   7565000 | PA      | $7752838.95   | 0.31%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                          | Nexstar Media Inc                                                                | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |  16125000 | PA      | $16137561.38  | 0.65%             | 2027-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 654740BS7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |  14099000 | PA      | $14042691.41  | 0.56%             | 2026-03-09      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |  12566000 | PA      | $12707414.25  | 0.51%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAF2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   2930000 | PA      | $3022734.59   | 0.12%             | 2028-09-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAK1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   3820000 | PA      | $3810305.22   | 0.15%             | 2028-09-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                            | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |  21650000 | PA      | $22076288.50  | 0.88%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC                                       | Oceaneering International Inc                                                    | CUSIP: 675232AD4<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |  21595000 | PA      | $21926094.54  | 0.88%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                      | ON Semiconductor Corp                                                            | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    795000 | PA      | $774993.11    | 0.03%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                             | Open Text Corp                                                                   | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   7390000 | PA      | $7207351.72   | 0.29%             | 2028-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                             | Open Text Corp                                                                   | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   1800000 | PA      | $1867267.80   | 0.07%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                   | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20995000 | PA      | $20461019.47  | 0.82%             | 2028-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                   | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3760000 | PA      | $3754424.30   | 0.15%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                             | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   9965000 | PA      | $9984063.05   | 0.40%             | 2027-05-13      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                  | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   9950000 | PA      | $9877443.61   | 0.39%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                              | PRA Group Inc                                                                    | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |  18815000 | PA      | $19221084.15  | 0.77%             | 2028-02-01      | Fixed         | 8.38%                 | 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        |  19165000 | PA      | $19183130.09  | 0.77%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                                   | Pattern Energy Operations LP / Pattern Energy Operations Inc                     | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17588000 | PA      | $17139750.47  | 0.69%             | 2028-08-15      | Fixed         | 4.50%                 | 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        |   5395000 | PA      | $5299832.20   | 0.21%             | 2028-03-03      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Prairie ECI Acquiror LP                                    | Prairie ECI Acquiror LP 2025 Repriced Term Loan B                                | CUSIP: 73955HAF1<br>LEI: 254900Q6KU2LVSIISH22 | Long             | LON              | CORP              | US        |   6245335 | PA      | $6280496.52   | 0.25%             | 2029-08-01      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                   | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4640000 | PA      | $4652880.64   | 0.19%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                      | Quikrete Holdings Inc 2024 Term Loan B1                                          | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |  15984848 | PA      | $15999394.70  | 0.64%             | 2029-03-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                          | Rakuten Group Inc                                                                | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |  21325000 | PA      | $22844158.03  | 0.91%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                       | Range Resources Corp                                                             | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1948146.52   | 0.08%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                     | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   7462000 | PA      | $7820869.97   | 0.31%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                             | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9410000 | PA      | $9768163.42   | 0.39%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                             | Rocket Cos Inc                                                                   | CUSIP: 77311WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7345000 | PA      | $7618917.09   | 0.30%             | 2029-08-01      | Fixed         | 6.50%                 | 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        |   5368489 | PA      | $5351255.76   | 0.21%             | 2028-11-28      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                   | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11865000 | PA      | $11672772.17  | 0.47%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                        | Rocket Software Inc                                                              | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   5390000 | PA      | $5553246.93   | 0.22%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  30910000 | PA      | $31148552.87  | 1.25%             | 2027-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                     | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11410000 | PA      | $11358558.02  | 0.45%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                      | SS&C Technologies Inc                                                            | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |  27700000 | PA      | $27695556.92  | 1.11%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State Street SPDR Bloomberg Short Term High Yield Bond ETF | State Street SPDR Bloomberg Short Term High Yield Bond ETF                       | CUSIP: 78468R408<br>LEI: 549300YI2V5ELVW58659 | Long             | EC               | RF                | US        |    868026 | NS      | $22099941.96  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRE GLBL INC                                             | Sabre GLBL Inc                                                                   | CUSIP: 78573NAJ1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |  10200000 | PA      | $10320407.63  | 0.41%             | 2027-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                             | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   3209000 | PA      | $2824018.74   | 0.11%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte Ltd                    | SEAGATE DATA STOR                                                                | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   9615000 | PA      | $10214495.25  | 0.41%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                                   | SeaWorld Parks & Entertainment Inc                                               | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |  13435000 | PA      | $12996309.63  | 0.52%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                   | Service Properties Trust                                                         | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    925000 | PA      | $971004.88    | 0.04%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  28930000 | PA      | $28936480.32  | 1.16%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                                      | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAC6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |  18975000 | PA      | $18731991.54  | 0.75%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Spirit Aerosystems Inc                                     | Spirit Aerosystems Inc 2022 Term Loan                                            | CUSIP: 84857HAY6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | LON              | CORP              | US        |   3909846 | PA      | $3904958.85   | 0.16%             | 2027-01-15      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  11250000 | PA      | $11321741.25  | 0.45%             | 2026-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  18720000 | PA      | $18658791.22  | 0.75%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                     | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |  13643000 | PA      | $14327481.32  | 0.57%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                     | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   7530000 | PA      | $8249957.31   | 0.33%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                  | Block Inc                                                                        | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1745211.07   | 0.07%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                            | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   9200000 | PA      | $9859640.00   | 0.39%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |  20690000 | PA      | $20530732.52  | 0.82%             | 2026-07-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                                       | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6282000 | PA      | $6360795.13   | 0.25%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18445000 | PA      | $18434508.48  | 0.74%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                       | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   2733000 | PA      | $2791887.95   | 0.11%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   5575000 | PA      | $5577358.23   | 0.22%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   8705000 | PA      | $8742692.65   | 0.35%             | 2028-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                                   | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |  14815000 | PA      | $14789081.16  | 0.59%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                     | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |  32035000 | PA      | $32292297.75  | 1.29%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  25950000 | PA      | $26727643.65  | 1.07%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                      | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   9510000 | PA      | $10012042.41  | 0.40%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                        | United Airlines Inc                                                              | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9987392.00   | 0.40%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                    | United Rentals North America Inc                                                 | CUSIP: 911365BF0<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |  13185000 | PA      | $13186077.74  | 0.53%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                   | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |  15170000 | PA      | $15013096.69  | 0.60%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                   | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |  16915000 | PA      | $16954327.38  | 0.68%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                   | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2494713.60   | 0.10%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| VOC ESCROW LTD                                             | VOC Escrow Ltd                                                                   | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10130000 | PA      | $10128198.89  | 0.40%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  31455000 | PA      | $32218538.67  | 1.29%             | 2028-06-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                       | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |   8125000 | PA      | $8732205.63   | 0.35%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                   | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |  17430000 | PA      | $17459192.29  | 0.70%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                 | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |  10950000 | PA      | $10961125.20  | 0.44%             | 2027-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                           | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   7130000 | PA      | $6940163.75   | 0.28%             | 2057-02-28      | Fixed         | 6.25%                 | 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        |  14820000 | PA      | $14497983.63  | 0.58%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                    | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   3588000 | PA      | $3610396.30   | 0.14%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                | Vistra Corp                                                                      | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   5350000 | PA      | $5425418.95   | 0.22%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                | Vistra Corp                                                                      | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   2405000 | PA      | $2673010.80   | 0.11%             | 2029-01-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  23400000 | PA      | $23428290.60  | 0.94%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                | Vistra Operations Co LLC                                                         | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   5280000 | PA      | $5296906.56   | 0.21%             | 2027-07-31      | Fixed         | 5.00%                 | 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        |   7543800 | PA      | $7595173.28   | 0.30%             | 2031-04-01      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   7200000 | PA      | $7489778.40   | 0.30%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                                          | Wellfleet CLO 2021-2 Ltd                                                         | CUSIP: 95023AAQ3<br>LEI: 2549005MTORTL04RYQ32 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10000350.00  | 0.40%             | 2034-07-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                     | WESCO Distribution Inc                                                           | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |  13275000 | PA      | $13715424.68  | 0.55%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                                       | Western Digital Corp                                                             | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   4866000 | PA      | $4861839.08   | 0.19%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                             | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   8780000 | PA      | $8868282.90   | 0.35%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                             | ALLSPRING GOVERNMENT MONEY MAR                                                   | CUSIP: 000000000<br>LEI: 549300GFSYYLVYEWA041 | Long             | STIV             | RF                | US        | 139702762 | NS      | $139702761.77 | 5.58%             |  |  |  | No            |                  1 | On Loan: No      |
| XHR LP                                                     | XHR LP                                                                           | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |   6645000 | PA      | $6811105.07   | 0.27%             | 2030-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                     | US 5YR NOTE (CBT) MAR26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -821 | NC      | $-16534.12    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                     | US 2YR NOTE (CBT) MAR26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      1785 | NC      | $164498.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch & Lomb Corporation                                  | Bausch & Lomb Corporation 2025 Term Loan B                                       | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    917700 | PA      | $922747.35    | 0.04%             | 2031-01-15      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                          | Clarios Global LP 2025 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   5575000 | PA      | $5590665.75   | 0.22%             | 2032-01-28      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                                     | TK Elevator Midco GmbH 2025 USD Term Loan B                                      | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |   9950062 | PA      | $10004986.85  | 0.40%             | 2030-04-30      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer