# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001752724-25-180801
**Filing Date:** 2025-7
**Character Count:** 141025
**Document Hash:** d5e49b37dc9875533fbddfe05f5ae5ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180801.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180801

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250831

**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:** 251155316

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

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

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

## Series and Classes Contracts Data

### Allspring Short-Term High Income Fund (Series ID: S000007428)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020384 | Class A             | SSTHX           |
| C000064988 | Class C             | WFHYX           |
| C000092793 | Administrator Class | WDHYX           |
| C000123105 | Institutional Class | STYIX           |

## Nport-Ex

Portfolio of investments—May 31, 2025 (unaudited)

Portfolio of investments

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Asset-backed securities: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Flexential Issuer Series 2021-1A Class B144A | 3.72<br> %<br>| &nbsp;&nbsp; 11-27-2051 | $1925000 | &nbsp;&nbsp; $1827103 |
| **Total asset-backed securities (Cost $1,843,539)** |  |  |  | &nbsp;&nbsp; **1827103** |
| **Corporate bonds and notes: 77.15%** |  |  |  |  |
| **Basic materials: 2.20%** |  |  |  |  |
| **Chemicals: 0.99%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chemours Co. | 5.38 | &nbsp;&nbsp; 5-15-2027 | 14150000 | &nbsp;&nbsp; 13851568 |
| &nbsp;&nbsp;&nbsp; SCIH Salt Holdings, Inc.144A | 4.88 | &nbsp;&nbsp; 5-1-2028 | 8175000 | &nbsp;&nbsp; 7935605 |
|  |  |  |  | &nbsp;&nbsp; **21787173** |
| **Iron/steel: 0.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.144A | 6.88 | &nbsp;&nbsp; 11-1-2029 | 15320000 | &nbsp;&nbsp; **14244066** |
| **Mining: 0.56%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kaiser Aluminum Corp.144A | 4.63 | &nbsp;&nbsp; 3-1-2028 | 12515000 | &nbsp;&nbsp; **12162989** |
| **Communications: 7.79%** |  |  |  |  |
| **Advertising: 0.55%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc.144A | 5.13 | &nbsp;&nbsp; 8-15-2027 | 8570000 | &nbsp;&nbsp; 8383408 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital Corp.144A | 5.00 | &nbsp;&nbsp; 8-15-2027 | 3760000 | &nbsp;&nbsp; 3711456 |
|  |  |  |  | &nbsp;&nbsp; **12094864** |
| **Internet: 1.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arches Buyer, Inc.144A | 4.25 | &nbsp;&nbsp; 6-1-2028 | 11270000 | &nbsp;&nbsp; 10614941 |
| &nbsp;&nbsp;&nbsp; Gen Digital, Inc.144A | 6.75 | &nbsp;&nbsp; 9-30-2027 | 21650000 | &nbsp;&nbsp; 22023939 |
|  |  |  |  | &nbsp;&nbsp; **32638880** |
| **Media: 4.91%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 5.00 | &nbsp;&nbsp; 2-1-2028 | 3265000 | &nbsp;&nbsp; 3202399 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 5.13 | &nbsp;&nbsp; 5-1-2027 | 39665000 | &nbsp;&nbsp; 39255796 |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC/DIRECTV Financing Co-Obligor, Inc.144A | 5.88 | &nbsp;&nbsp; 8-15-2027 | 15005000 | &nbsp;&nbsp; 14769551 |
| &nbsp;&nbsp;&nbsp; Nexstar Media, Inc.144A | 5.63 | &nbsp;&nbsp; 7-15-2027 | 16125000 | &nbsp;&nbsp; 16060521 |
| &nbsp;&nbsp;&nbsp; Paramount Global (3 Month LIBOR+3.90%)± | 6.25 | &nbsp;&nbsp; 2-28-2057 | 6130000 | &nbsp;&nbsp; 5781067 |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC144A | 5.00 | &nbsp;&nbsp; 8-1-2027 | 28930000 | &nbsp;&nbsp; 28630621 |
|  |  |  |  | &nbsp;&nbsp; **107699955** |
| **Telecommunications: 0.84%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Frontier California, Inc. Series F | 6.75 | &nbsp;&nbsp; 5-15-2027 | 5650000 | &nbsp;&nbsp; 5734750 |
| &nbsp;&nbsp;&nbsp; Frontier Communications Holdings LLC144A | 5.88 | &nbsp;&nbsp; 10-15-2027 | 8915000 | &nbsp;&nbsp; 8938241 |
| &nbsp;&nbsp;&nbsp; Viasat, Inc.144A | 5.63 | &nbsp;&nbsp; 4-15-2027 | 3670000 | &nbsp;&nbsp; 3614723 |
|  |  |  |  | &nbsp;&nbsp; **18287714** |
| **Consumer, cyclical: 16.71%** |  |  |  |  |
| **Airlines: 1.92%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc.144A | 7.25 | &nbsp;&nbsp; 2-15-2028 | 6600000 | &nbsp;&nbsp; 6665975 |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd.144A | 5.50 | &nbsp;&nbsp; 4-20-2026 | 18360000 | &nbsp;&nbsp; 18328632 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc. | 7.38 | &nbsp;&nbsp; 1-15-2026 | 2600000 | &nbsp;&nbsp; 2630508 |
| &nbsp;&nbsp;&nbsp; Hawaiian Airlines Pass-Through Certificates Series 2013-1 Class 1A | 3.90 | &nbsp;&nbsp; 1-15-2026 | 2197775 | &nbsp;&nbsp; 2148873 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 1

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Airlines**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets <br> Ltd.144A<br>| 6.50<br> %<br>| &nbsp;&nbsp; 6-20-2027 | $2502000 | &nbsp;&nbsp; $2507742 |
| &nbsp;&nbsp;&nbsp; United Airlines, Inc.144A | 4.38 | &nbsp;&nbsp; 4-15-2026 | 10000000 | &nbsp;&nbsp; 9881497 |
|  |  |  |  | &nbsp;&nbsp; **42163227** |
| **Auto manufacturers: 2.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 4.13 | &nbsp;&nbsp; 8-17-2027 | 8900000 | &nbsp;&nbsp; 8586062 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 5.13 | &nbsp;&nbsp; 6-16-2025 | 3955000 | &nbsp;&nbsp; 3954841 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 6.80 | &nbsp;&nbsp; 5-12-2028 | 8545000 | &nbsp;&nbsp; 8723966 |
| &nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. LLC144A | 2.00 | &nbsp;&nbsp; 3-9-2026 | 14099000 | &nbsp;&nbsp; 13639434 |
| &nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. LLC144A | 6.95 | &nbsp;&nbsp; 9-15-2026 | 12566000 | &nbsp;&nbsp; 12719267 |
|  |  |  |  | &nbsp;&nbsp; **47623570** |
| **Auto parts & equipment: 0.86%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc. | 6.50 | &nbsp;&nbsp; 4-1-2027 | 6270000 | &nbsp;&nbsp; 6239920 |
| &nbsp;&nbsp;&nbsp; Clarios Global LP/Clarios U.S. Finance Co.144A | 6.25 | &nbsp;&nbsp; 5-15-2026 | 2925000 | &nbsp;&nbsp; 2925276 |
| &nbsp;&nbsp;&nbsp; Dana, Inc. | 5.63 | &nbsp;&nbsp; 6-15-2028 | 9815000 | &nbsp;&nbsp; 9768509 |
|  |  |  |  | &nbsp;&nbsp; **18933705** |
| **Distribution/wholesale: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; RB Global Holdings, Inc.144A | 7.75 | &nbsp;&nbsp; 3-15-2031 | 5335000 | &nbsp;&nbsp; **5584691** |
| **Entertainment: 5.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CCM Merger, Inc.144A | 6.38 | &nbsp;&nbsp; 5-1-2026 | 11755000 | &nbsp;&nbsp; 11759365 |
| &nbsp;&nbsp;&nbsp; Churchill Downs, Inc.144A | 5.50 | &nbsp;&nbsp; 4-1-2027 | 29540000 | &nbsp;&nbsp; 29437367 |
| &nbsp;&nbsp;&nbsp; Cinemark USA, Inc.144A | 5.25 | &nbsp;&nbsp; 7-15-2028 | 24480000 | &nbsp;&nbsp; 24150384 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc.144A | 6.50 | &nbsp;&nbsp; 5-15-2027 | 21600000 | &nbsp;&nbsp; 21856003 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp.144A | 5.50 | &nbsp;&nbsp; 4-15-2027 | 18975000 | &nbsp;&nbsp; 18932697 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp.144A | 7.00 | &nbsp;&nbsp; 7-1-2025 | 6699000 | &nbsp;&nbsp; 6705538 |
|  |  |  |  | &nbsp;&nbsp; **112841354** |
| **Home builders: 0.82%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LGI Homes, Inc.144A | 8.75 | &nbsp;&nbsp; 12-15-2028 | 8790000 | &nbsp;&nbsp; 9046202 |
| &nbsp;&nbsp;&nbsp; Taylor Morrison Communities, Inc.144A | 5.75 | &nbsp;&nbsp; 1-15-2028 | 2733000 | &nbsp;&nbsp; 2749166 |
| &nbsp;&nbsp;&nbsp; Tri Pointe Homes, Inc. | 5.70 | &nbsp;&nbsp; 6-15-2028 | 6282000 | &nbsp;&nbsp; 6261395 |
|  |  |  |  | &nbsp;&nbsp; **18056763** |
| **Housewares: 0.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. | 5.70 | &nbsp;&nbsp; 4-1-2026 | 2298000 | &nbsp;&nbsp; 2314229 |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc.144A | 8.50 | &nbsp;&nbsp; 6-1-2028 | 14380000 | &nbsp;&nbsp; 14876812 |
|  |  |  |  | &nbsp;&nbsp; **17191041** |
| **Leisure time: 1.68%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 5.88 | &nbsp;&nbsp; 2-15-2027 | 6060000 | &nbsp;&nbsp; 6061418 |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 8.13 | &nbsp;&nbsp; 1-15-2029 | 6270000 | &nbsp;&nbsp; 6601695 |
| &nbsp;&nbsp;&nbsp; Sabre Global, Inc.144A | 8.63 | &nbsp;&nbsp; 6-1-2027 | 1795000 | &nbsp;&nbsp; 1845754 |
| &nbsp;&nbsp;&nbsp; Sabre Global, Inc.144A | 10.75 | &nbsp;&nbsp; 11-15-2029 | 3209000 | &nbsp;&nbsp; 3273180 |

---

See accompanying notes to portfolio of investments

2 \| Allspring Short-Term High Income Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Leisure time**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd.144A | 5.88<br> %<br>| &nbsp;&nbsp; 9-15-2027 | $9430000 | &nbsp;&nbsp; $9425296 |
| &nbsp;&nbsp;&nbsp; VOC Escrow Ltd.144A | 5.00 | &nbsp;&nbsp; 2-15-2028 | 9630000 | &nbsp;&nbsp; 9498856 |
|  |  |  |  | &nbsp;&nbsp; **36706199** |
| **Retail: 3.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. | 1.75 | &nbsp;&nbsp; 10-1-2027 | 2620000 | &nbsp;&nbsp; 2415211 |
| &nbsp;&nbsp;&nbsp; Gap, Inc.144A | 3.63 | &nbsp;&nbsp; 10-1-2029 | 6750000 | &nbsp;&nbsp; 6163962 |
| &nbsp;&nbsp;&nbsp; Group 1 Automotive, Inc.144A | 6.38 | &nbsp;&nbsp; 1-15-2030 | 4840000 | &nbsp;&nbsp; 4929012 |
| &nbsp;&nbsp;&nbsp; Lithia Motors, Inc.144A | 4.63 | &nbsp;&nbsp; 12-15-2027 | 6710000 | &nbsp;&nbsp; 6599647 |
| &nbsp;&nbsp;&nbsp; Macy's Retail Holdings LLC144A | 5.88 | &nbsp;&nbsp; 4-1-2029 | 8065000 | &nbsp;&nbsp; 7904423 |
| &nbsp;&nbsp;&nbsp; Penske Automotive Group, Inc. | 3.50 | &nbsp;&nbsp; 9-1-2025 | 375000 | &nbsp;&nbsp; 373506 |
| &nbsp;&nbsp;&nbsp; PetSmart, Inc./PetSmart Finance Corp.144A | 4.75 | &nbsp;&nbsp; 2-15-2028 | 12135000 | &nbsp;&nbsp; 11711143 |
| &nbsp;&nbsp;&nbsp; Raising Cane's Restaurants LLC144A | 9.38 | &nbsp;&nbsp; 5-1-2029 | 15140000 | &nbsp;&nbsp; 16066765 |
| &nbsp;&nbsp;&nbsp; Walgreens Boots Alliance, Inc. | 3.45 | &nbsp;&nbsp; 6-1-2026 | 4350000 | &nbsp;&nbsp; 4253853 |
| &nbsp;&nbsp;&nbsp; Walgreens Boots Alliance, Inc. | 8.13 | &nbsp;&nbsp; 8-15-2029 | 5415000 | &nbsp;&nbsp; 5673648 |
|  |  |  |  | &nbsp;&nbsp; **66091170** |
| **Toys/games/hobbies: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mattel, Inc.144A | 3.38 | &nbsp;&nbsp; 4-1-2026 | 1150000 | &nbsp;&nbsp; **1132278** |
| **Consumer, non-cyclical: 6.74%** |  |  |  |  |
| **Commercial services: 3.22%** |  |  |  |  |
| &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; 3005849 |
| &nbsp;&nbsp;&nbsp; Block, Inc. | 2.75 | &nbsp;&nbsp; 6-1-2026 | 1760000 | &nbsp;&nbsp; 1716228 |
| &nbsp;&nbsp;&nbsp; CoreCivic, Inc. | 8.25 | &nbsp;&nbsp; 4-15-2029 | 16385000 | &nbsp;&nbsp; 17317861 |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 8.63 | &nbsp;&nbsp; 4-15-2029 | 24860000 | &nbsp;&nbsp; 26241625 |
| &nbsp;&nbsp;&nbsp; Herc Holdings Escrow, Inc.144A%% | 7.00 | &nbsp;&nbsp; 6-15-2030 | 5280000 | &nbsp;&nbsp; 5439591 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC/Prime Finance, Inc.144A | 5.75 | &nbsp;&nbsp; 4-15-2026 | 13145000 | &nbsp;&nbsp; 13177751 |
| &nbsp;&nbsp;&nbsp; Veritiv Operating Co.144A | 10.50 | &nbsp;&nbsp; 11-30-2030 | 3420000 | &nbsp;&nbsp; 3637529 |
|  |  |  |  | &nbsp;&nbsp; **70536434** |
| **Cosmetics/Personal Care: 0.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Edgewell Personal Care Co.144A | 5.50 | &nbsp;&nbsp; 6-1-2028 | 14970000 | &nbsp;&nbsp; **14717832** |
| **Food: 1.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New <br> Albertsons LP/Albertsons LLC144A<br>| 5.88 | &nbsp;&nbsp; 2-15-2028 | 6675000 | &nbsp;&nbsp; 6669013 |
| &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; 10773111 |
| &nbsp;&nbsp;&nbsp; B&G Foods, Inc.144A | 8.00 | &nbsp;&nbsp; 9-15-2028 | 11300000 | &nbsp;&nbsp; 10649598 |
|  |  |  |  | &nbsp;&nbsp; **28091722** |
| **Healthcare-services: 0.81%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; IQVIA, Inc.144A | 5.00 | &nbsp;&nbsp; 10-15-2026 | 9540000 | &nbsp;&nbsp; 9508935 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. | 4.63 | &nbsp;&nbsp; 6-15-2028 | 5575000 | &nbsp;&nbsp; 5466717 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. | 6.13 | &nbsp;&nbsp; 10-1-2028 | 2675000 | &nbsp;&nbsp; 2678887 |
|  |  |  |  | &nbsp;&nbsp; **17654539** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 3

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Household products/wares: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Garden & Pet Co. | 5.13<br> %<br>| &nbsp;&nbsp; 2-1-2028 | $3000000 | &nbsp;&nbsp; **$2999269** |
| **Pharmaceuticals: 0.62%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AdaptHealth LLC144A | 6.13 | &nbsp;&nbsp; 8-1-2028 | 5825000 | &nbsp;&nbsp; 5764883 |
| &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV144A | 4.13 | &nbsp;&nbsp; 4-30-2028 | 8445000 | &nbsp;&nbsp; 7932602 |
|  |  |  |  | &nbsp;&nbsp; **13697485** |
| **Energy: 13.43%** |  |  |  |  |
| **Energy-alternate sources: 0.66%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TerraForm Power Operating LLC144A | 5.00 | &nbsp;&nbsp; 1-31-2028 | 14815000 | &nbsp;&nbsp; **14404039** |
| **Oil & gas: 2.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp.144A | 7.50 | &nbsp;&nbsp; 10-1-2029 | 4820000 | &nbsp;&nbsp; 4939387 |
| &nbsp;&nbsp;&nbsp; Antero Resources Corp.144A | 7.63 | &nbsp;&nbsp; 2-1-2029 | 12500000 | &nbsp;&nbsp; 12795012 |
| &nbsp;&nbsp;&nbsp; Civitas Resources, Inc.144A | 8.38 | &nbsp;&nbsp; 7-1-2028 | 9185000 | &nbsp;&nbsp; 9253933 |
| &nbsp;&nbsp;&nbsp; Encino Acquisition Partners Holdings LLC144A | 8.50 | &nbsp;&nbsp; 5-1-2028 | 5575000 | &nbsp;&nbsp; 5718333 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co.144A | 6.25 | &nbsp;&nbsp; 11-1-2028 | 11115000 | &nbsp;&nbsp; 10978369 |
| &nbsp;&nbsp;&nbsp; Nabors Industries, Inc.144A | 7.38 | &nbsp;&nbsp; 5-15-2027 | 6915000 | &nbsp;&nbsp; 6638739 |
| &nbsp;&nbsp;&nbsp; Range Resources Corp. | 8.25 | &nbsp;&nbsp; 1-15-2029 | 1910000 | &nbsp;&nbsp; 1962030 |
|  |  |  |  | &nbsp;&nbsp; **52285803** |
| **Oil & gas services: 2.87%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock Partners Finance Corp.144A | 6.88 | &nbsp;&nbsp; 4-1-2027 | 14825000 | &nbsp;&nbsp; 14846378 |
| &nbsp;&nbsp;&nbsp; Bristow Group, Inc.144A | 6.88 | &nbsp;&nbsp; 3-1-2028 | 13418000 | &nbsp;&nbsp; 13378719 |
| &nbsp;&nbsp;&nbsp; Oceaneering International, Inc. | 6.00 | &nbsp;&nbsp; 2-1-2028 | 21595000 | &nbsp;&nbsp; 21304048 |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression Finance Corp. | 6.88 | &nbsp;&nbsp; 9-1-2027 | 11030000 | &nbsp;&nbsp; 11026004 |
| &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; 2437718 |
|  |  |  |  | &nbsp;&nbsp; **62992867** |
| **Pipelines: 7.52%** |  |  |  |  |
| &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 | 8670000 | &nbsp;&nbsp; 8636567 |
| &nbsp;&nbsp;&nbsp; Buckeye Partners LP144A | 6.88 | &nbsp;&nbsp; 7-1-2029 | 13950000 | &nbsp;&nbsp; 14343181 |
| &nbsp;&nbsp;&nbsp; DCP Midstream Operating LP | 5.38 | &nbsp;&nbsp; 7-15-2025 | 4200000 | &nbsp;&nbsp; 4201065 |
| &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; 2004936 |
| &nbsp;&nbsp;&nbsp; Harvest Midstream I LP144A | 7.50 | &nbsp;&nbsp; 9-1-2028 | 22330000 | &nbsp;&nbsp; 22673860 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP144A | 5.88 | &nbsp;&nbsp; 3-1-2028 | 25855000 | &nbsp;&nbsp; 26109517 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP144A | 6.50 | &nbsp;&nbsp; 6-1-2029 | 1580000 | &nbsp;&nbsp; 1613003 |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings LP144A | 6.63 | &nbsp;&nbsp; 12-15-2028 | 25940000 | &nbsp;&nbsp; 26454978 |
| &nbsp;&nbsp;&nbsp; ONEOK, Inc. | 4.15 | &nbsp;&nbsp; 6-1-2025 | 5917000 | &nbsp;&nbsp; 5917000 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.144A | 5.50 | &nbsp;&nbsp; 1-15-2028 | 5070000 | &nbsp;&nbsp; 5038474 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.144A | 6.00 | &nbsp;&nbsp; 3-1-2027 | 24230000 | &nbsp;&nbsp; 24196560 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc.144A | 8.13 | &nbsp;&nbsp; 6-1-2028 | 23030000 | &nbsp;&nbsp; 23568902 |
|  |  |  |  | &nbsp;&nbsp; **164758043** |

---

See accompanying notes to portfolio of investments

4 \| Allspring Short-Term High Income Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Financial: 14.09%** |  |  |  |  |
| **Banks: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc. Series X (5 Year Treasury Constant <br> Maturity+3.42%)ʊ±<br>| 3.88<br> %<br>| &nbsp;&nbsp; 2-18-2026 | $1837000 | &nbsp;&nbsp; **$1799673** |
| **Diversified financial services: 7.77%** |  |  |  |  |
| &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; 9468466 |
| &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 | 11835000 | &nbsp;&nbsp; 11515455 |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, Inc.144A | 9.25 | &nbsp;&nbsp; 4-1-2029 | 7450000 | &nbsp;&nbsp; 7943563 |
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC144A | 6.00 | &nbsp;&nbsp; 8-15-2026 | 10735000 | &nbsp;&nbsp; 10683687 |
| &nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings, Inc.144A | 6.00 | &nbsp;&nbsp; 1-15-2027 | 13165000 | &nbsp;&nbsp; 13166975 |
| &nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings, Inc.144A | 6.50 | &nbsp;&nbsp; 8-1-2029 | 7345000 | &nbsp;&nbsp; 7481059 |
| &nbsp;&nbsp;&nbsp; Navient Corp. | 4.88 | &nbsp;&nbsp; 3-15-2028 | 7350000 | &nbsp;&nbsp; 7170357 |
| &nbsp;&nbsp;&nbsp; Navient Corp. | 5.00 | &nbsp;&nbsp; 3-15-2027 | 11235000 | &nbsp;&nbsp; 11120775 |
| &nbsp;&nbsp;&nbsp; Navient Corp. | 6.75 | &nbsp;&nbsp; 6-25-2025 | 1780000 | &nbsp;&nbsp; 1779049 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp. | 7.13 | &nbsp;&nbsp; 3-15-2026 | 32262000 | &nbsp;&nbsp; 32698795 |
| &nbsp;&nbsp;&nbsp; PRA Group, Inc.144A | 8.38 | &nbsp;&nbsp; 2-1-2028 | 18815000 | &nbsp;&nbsp; 18979631 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.144A | 2.88 | &nbsp;&nbsp; 10-15-2026 | 11865000 | &nbsp;&nbsp; 11490542 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC144A | 5.50 | &nbsp;&nbsp; 11-15-2025 | 17745000 | &nbsp;&nbsp; 17715479 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC144A | 5.75 | &nbsp;&nbsp; 6-15-2027 | 9240000 | &nbsp;&nbsp; 9107973 |
|  |  |  |  | &nbsp;&nbsp; **170321806** |
| **Insurance: 1.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer144A | 6.75 | &nbsp;&nbsp; 4-15-2028 | 17145000 | &nbsp;&nbsp; 17385099 |
| &nbsp;&nbsp;&nbsp; AmWINS Group, Inc.144A | 6.38 | &nbsp;&nbsp; 2-15-2029 | 6625000 | &nbsp;&nbsp; 6717816 |
|  |  |  |  | &nbsp;&nbsp; **24102915** |
| **Investment Companies: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 6.25 | &nbsp;&nbsp; 5-15-2026 | 5631000 | &nbsp;&nbsp; **5578241** |
| **REITs: 4.89%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc.144A | 3.75 | &nbsp;&nbsp; 1-15-2027 | 7106000 | &nbsp;&nbsp; 6859567 |
| &nbsp;&nbsp;&nbsp; Boston Properties LP | 3.65 | &nbsp;&nbsp; 2-1-2026 | 1750000 | &nbsp;&nbsp; 1736545 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 3.95 | &nbsp;&nbsp; 11-15-2027 | 5180000 | &nbsp;&nbsp; 4943809 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc.144A | 5.25 | &nbsp;&nbsp; 3-15-2028 | 24240000 | &nbsp;&nbsp; 23974155 |
| &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; 4891679 |
| &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 | 9085000 | &nbsp;&nbsp; 8800832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance <br> Corp.144A<br>| 5.25 | &nbsp;&nbsp; 10-1-2025 | 7505000 | &nbsp;&nbsp; 7495620 |
| &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; 18884041 |
| &nbsp;&nbsp;&nbsp; Service Properties Trust | 5.25 | &nbsp;&nbsp; 2-15-2026 | 9770000 | &nbsp;&nbsp; 9680431 |
| &nbsp;&nbsp;&nbsp; Service Properties Trust144A | 8.63 | &nbsp;&nbsp; 11-15-2031 | 525000 | &nbsp;&nbsp; 559147 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc.144A | 3.63 | &nbsp;&nbsp; 7-15-2026 | 19790000 | &nbsp;&nbsp; 19321931 |
|  |  |  |  | &nbsp;&nbsp; **107147757** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 5

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Industrial: 9.52%** |  |  |  |  |
| **Aerospace/defense: 2.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc.144A | 9.38<br> %<br>| &nbsp;&nbsp; 11-30-2029 | $13643000 | &nbsp;&nbsp; $14527094 |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc.144A | 9.75 | &nbsp;&nbsp; 11-15-2030 | 7530000 | &nbsp;&nbsp; 8315115 |
| &nbsp;&nbsp;&nbsp; TransDigm, Inc.144A | 6.38 | &nbsp;&nbsp; 3-1-2029 | 25950000 | &nbsp;&nbsp; 26372907 |
|  |  |  |  | &nbsp;&nbsp; **49215116** |
| **Building materials: 0.84%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; JELD-WEN, Inc.144A | 4.88 | &nbsp;&nbsp; 12-15-2027 | 3259000 | &nbsp;&nbsp; 2845479 |
| &nbsp;&nbsp;&nbsp; Standard Industries, Inc.144A | 5.00 | &nbsp;&nbsp; 2-15-2027 | 15585000 | &nbsp;&nbsp; 15478852 |
|  |  |  |  | &nbsp;&nbsp; **18324331** |
| **Electrical components & equipment: 1.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Energizer Holdings, Inc.144A | 4.75 | &nbsp;&nbsp; 6-15-2028 | 12755000 | &nbsp;&nbsp; 12299269 |
| &nbsp;&nbsp;&nbsp; Energizer Holdings, Inc.144A | 6.50 | &nbsp;&nbsp; 12-31-2027 | 3754000 | &nbsp;&nbsp; 3778288 |
| &nbsp;&nbsp;&nbsp; WESCO Distribution, Inc.144A | 6.38 | &nbsp;&nbsp; 3-15-2029 | 13275000 | &nbsp;&nbsp; 13550483 |
|  |  |  |  | &nbsp;&nbsp; **29628040** |
| **Environmental control: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clean Harbors, Inc.144A | 4.88 | &nbsp;&nbsp; 7-15-2027 | 3000000 | &nbsp;&nbsp; **2971572** |
| **Machinery-diversified: 0.82%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc.144A | 7.50 | &nbsp;&nbsp; 1-1-2030 | 700000 | &nbsp;&nbsp; 730661 |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc.144A | 5.25 | &nbsp;&nbsp; 7-15-2027 | 17430000 | &nbsp;&nbsp; 17264976 |
|  |  |  |  | &nbsp;&nbsp; **17995637** |
| **Packaging & containers: 2.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging <br> Finance PLC144A<br>| 6.00 | &nbsp;&nbsp; 6-15-2027 | 17170000 | &nbsp;&nbsp; 17212290 |
| &nbsp;&nbsp;&nbsp; Ball Corp. | 6.88 | &nbsp;&nbsp; 3-15-2028 | 5280000 | &nbsp;&nbsp; 5407670 |
| &nbsp;&nbsp;&nbsp; Berry Global, Inc.144A | 4.88 | &nbsp;&nbsp; 7-15-2026 | 1750000 | &nbsp;&nbsp; 1744584 |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc.144A | 6.63 | &nbsp;&nbsp; 4-15-2029 | 11480000 | &nbsp;&nbsp; 11578361 |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc.144A | 6.88 | &nbsp;&nbsp; 1-15-2030 | 1625000 | &nbsp;&nbsp; 1647831 |
| &nbsp;&nbsp;&nbsp; Crown Americas LLC/Crown Americas Capital Corp. VI | 4.75 | &nbsp;&nbsp; 2-1-2026 | 3000000 | &nbsp;&nbsp; 2998126 |
| &nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co.144A | 7.88 | &nbsp;&nbsp; 4-15-2027 | 2900000 | &nbsp;&nbsp; 2927509 |
| &nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container, Inc.144A | 6.63 | &nbsp;&nbsp; 5-13-2027 | 9965000 | &nbsp;&nbsp; 9970012 |
|  |  |  |  | &nbsp;&nbsp; **53486383** |
| **Trucking & leasing: 1.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AerCap Global Aviation Trust (U.S. SOFR 3 Month+4.56%)144A± | 6.50 | &nbsp;&nbsp; 6-15-2045 | 7940000 | &nbsp;&nbsp; 7948305 |
| &nbsp;&nbsp;&nbsp; Fortress Transportation & Infrastructure Investors LLC144A | 5.50 | &nbsp;&nbsp; 5-1-2028 | 29355000 | &nbsp;&nbsp; 29109666 |
|  |  |  |  | &nbsp;&nbsp; **37057971** |
| **Technology: 2.53%** |  |  |  |  |
| **Computers: 0.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Seagate HDD Cayman | 8.25 | &nbsp;&nbsp; 12-15-2029 | 9615000 | &nbsp;&nbsp; 10248292 |
| &nbsp;&nbsp;&nbsp; Western Digital Corp. | 4.75 | &nbsp;&nbsp; 2-15-2026 | 4866000 | &nbsp;&nbsp; 4849865 |
|  |  |  |  | &nbsp;&nbsp; **15098157** |

---

See accompanying notes to portfolio of investments

6 \| Allspring Short-Term High Income Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Semiconductors: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 4.38<br> %<br>| &nbsp;&nbsp; 4-15-2028 | $4700000 | &nbsp;&nbsp; $4537696 |
| &nbsp;&nbsp;&nbsp; ON Semiconductor Corp.144A | 3.88 | &nbsp;&nbsp; 9-1-2028 | 795000 | &nbsp;&nbsp; 759296 |
|  |  |  |  | &nbsp;&nbsp; **5296992** |
| **Software: 1.60%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 6.50 | &nbsp;&nbsp; 3-31-2029 | 7545000 | &nbsp;&nbsp; 7536511 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies, Inc.144A | 5.50 | &nbsp;&nbsp; 9-30-2027 | 27700000 | &nbsp;&nbsp; 27669109 |
|  |  |  |  | &nbsp;&nbsp; **35205620** |
| **Utilities: 4.14%** |  |  |  |  |
| **Electric: 4.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Pattern Energy Operations LP/Pattern Energy Operations, Inc.144A | 4.50 | &nbsp;&nbsp; 8-15-2028 | 17588000 | &nbsp;&nbsp; 16876727 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. | 5.00 | &nbsp;&nbsp; 7-1-2028 | 7950000 | &nbsp;&nbsp; 7756871 |
| &nbsp;&nbsp;&nbsp; Vistra Corp. (5 Year Treasury Constant Maturity+5.74%)144Aʊ± | 7.00 | &nbsp;&nbsp; 12-15-2026 | 5350000 | &nbsp;&nbsp; 5426906 |
| &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; 2583292 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 5.00 | &nbsp;&nbsp; 7-31-2027 | 5280000 | &nbsp;&nbsp; 5264611 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 5.63 | &nbsp;&nbsp; 2-15-2027 | 23400000 | &nbsp;&nbsp; 23384497 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP144A | 3.88 | &nbsp;&nbsp; 10-15-2026 | 5685000 | &nbsp;&nbsp; 5522945 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP144A | 4.50 | &nbsp;&nbsp; 9-15-2027 | 19370000 | &nbsp;&nbsp; 18737599 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP144A | 7.25 | &nbsp;&nbsp; 1-15-2029 | 5165000 | &nbsp;&nbsp; 5190345 |
|  |  |  |  | &nbsp;&nbsp; **90743793** |
| **Total corporate bonds and notes (Cost $1,677,424,376)** |  |  |  | &nbsp;&nbsp; **1691351676** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Investment companies: 1.00%** |  |  |
| **Exchange-traded funds: 1.00%** |  |  |
| &nbsp;&nbsp;&nbsp; SPDR Bloomberg Short Term High Yield Bond ETF | 868026 | &nbsp;&nbsp; **21900296** |
| **Total investment companies (Cost $21,657,249)** |  | &nbsp;&nbsp; **21900296** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>| Principal |  |
| **Loans: 5.13%** |  |  |  |  |
| **Communications: 0.21%** |  |  |  |  |
| **Media: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC (U.S. SOFR 3 Month+5.00%)± | 9.54 | &nbsp;&nbsp; 8-2-2027 | $1088205 | &nbsp;&nbsp; 1091219 |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC (U.S. SOFR 3 Month+5.25%)± | 9.79 | &nbsp;&nbsp; 8-2-2029 | 3486607 | &nbsp;&nbsp; 3427788 |
|  |  |  |  | &nbsp;&nbsp; **4519007** |
| **Consumer, cyclical: 0.90%** |  |  |  |  |
| **Airlines: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; SkyMiles IP Ltd. (U.S. SOFR 3 Month+3.75%)± | 8.02 | &nbsp;&nbsp; 10-20-2027 | 6252735 | &nbsp;&nbsp; **6283624** |
| **Auto parts & equipment: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clarios Global LP (U.S. SOFR 1 Month+2.75%)± | 7.08 | &nbsp;&nbsp; 1-28-2032 | 5575000 | &nbsp;&nbsp; **5555822** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 7

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Retail: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., Inc. (U.S. SOFR 3 Month+3.25%)± | 7.81<br> %<br>| &nbsp;&nbsp; 3-3-2028 | $5395000 | &nbsp;&nbsp; $4987462 |
| &nbsp;&nbsp;&nbsp; PetSmart, Inc. (U.S. SOFR 1 Month+3.75%)± | 8.18 | &nbsp;&nbsp; 2-11-2028 | 2969152 | &nbsp;&nbsp; 2954929 |
|  |  |  |  | &nbsp;&nbsp; **7942391** |
| **Consumer, non-cyclical: 0.81%** |  |  |  |  |
| **Commercial services: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC (U.S. SOFR 1 Month+1.75%)± | 6.19 | &nbsp;&nbsp; 8-6-2027 | 10766592 | &nbsp;&nbsp; **10564718** |
| **Healthcare-services: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Modivcare, Inc. (U.S. SOFR 3 Month+4.75%)± | 9.05 | &nbsp;&nbsp; 7-1-2031 | 8867547 | &nbsp;&nbsp; 5951100 |
| &nbsp;&nbsp;&nbsp; Modivcare, Inc. (U.S. SOFR 3 Month+7.50%)± | 11.71 | &nbsp;&nbsp; 1-9-2026 | 1534314 | &nbsp;&nbsp; 1158407 |
|  |  |  |  | &nbsp;&nbsp; **7109507** |
| **Energy: 0.60%** |  |  |  |  |
| **Oil & gas: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP (U.S. SOFR 1 Month+2.00%)± | 6.33 | &nbsp;&nbsp; 2-11-2030 | 7000000 | &nbsp;&nbsp; **6979560** |
| **Pipelines: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Prairie Acquiror LP (U.S. SOFR 1 Month+4.25%)± | 8.58 | &nbsp;&nbsp; 8-1-2029 | 6276758 | &nbsp;&nbsp; **6296405** |
| **Financial: 0.77%** |  |  |  |  |
| **Insurance: 0.77%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Asurion LLC (U.S. SOFR 1 Month+3.25%)± | 7.69 | &nbsp;&nbsp; 12-23-2026 | 6978043 | &nbsp;&nbsp; 6968832 |
| &nbsp;&nbsp;&nbsp; Asurion LLC (U.S. SOFR 1 Month+3.25%)± | 7.69 | &nbsp;&nbsp; 7-31-2027 | 10052643 | &nbsp;&nbsp; 9985592 |
|  |  |  |  | &nbsp;&nbsp; **16954424** |
| **Industrial: 1.28%** |  |  |  |  |
| **Aerospace/defense: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc. (U.S. SOFR 3 Month+4.50%)± | 8.78 | &nbsp;&nbsp; 1-15-2027 | 1935000 | &nbsp;&nbsp; **1935813** |
| **Building materials: 0.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc. (U.S. SOFR 1 Month+2.25%)± | 6.58 | &nbsp;&nbsp; 3-19-2029 | 16065990 | &nbsp;&nbsp; **16042533** |
| **Machinery-diversified: 0.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc. (U.S. SOFR 3 Month+3.00%)± | 7.24 | &nbsp;&nbsp; 4-30-2030 | 10000000 | &nbsp;&nbsp; **10015900** |
| **Technology: 0.32%** |  |  |  |  |
| **Computers: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; McAfee Corp. (U.S. SOFR 1 Month+3.00%)± | 7.33 | &nbsp;&nbsp; 3-1-2029 | 1665000 | &nbsp;&nbsp; **1599232** |
| **Software: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc. (U.S. SOFR 1 Month+4.25%)± | 8.58 | &nbsp;&nbsp; 11-28-2028 | 5395500 | &nbsp;&nbsp; **5399223** |
| **Utilities: 0.24%** |  |  |  |  |
| **Electric: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Constellation Renewables LLC (U.S. SOFR 3 Month+2.25%)± | 6.58 | &nbsp;&nbsp; 12-15-2027 | 5384006 | &nbsp;&nbsp; **5376415** |
| **Total loans (Cost $115,912,992)** |  |  |  | &nbsp;&nbsp; **112574574** |

---

See accompanying notes to portfolio of investments

8 \| Allspring Short-Term High Income Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Non-agency mortgage-backed securities: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust Series 2024-HE1 Class A1 (30 <br> Day Average U.S. SOFR+1.60%)144A±<br>| 5.92<br> %<br>| &nbsp;&nbsp; 8-25-2054 | $7473968 | &nbsp;&nbsp; $7473941 |
| **Total non-agency mortgage-backed securities (Cost $7,473,968)** |  |  |  | &nbsp;&nbsp; **7473941** |
| **Yankee corporate bonds and notes: 10.70%** |  |  |  |  |
| **Basic materials: 0.35%** |  |  |  |  |
| **Mining: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alumina Pty. Ltd.144A | 6.13 | &nbsp;&nbsp; 3-15-2030 | 7590000 | &nbsp;&nbsp; **7601924** |
| **Communications: 1.32%** |  |  |  |  |
| **Internet: 1.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rakuten Group, Inc.144A | 11.25 | &nbsp;&nbsp; 2-15-2027 | 21325000 | &nbsp;&nbsp; **22993760** |
| **Media: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes IV DAC144A | 5.00 | &nbsp;&nbsp; 7-15-2028 | 6090000 | &nbsp;&nbsp; **5934309** |
| **Consumer, cyclical: 4.03%** |  |  |  |  |
| **Airlines: 2.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Air Canada Pass-Through Trust Series 2020-1 Class C144A | 10.50 | &nbsp;&nbsp; 7-15-2026 | 22234000 | &nbsp;&nbsp; 23401285 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA144A | 13.38 | &nbsp;&nbsp; 10-15-2029 | 19270000 | &nbsp;&nbsp; 21622848 |
|  |  |  |  | &nbsp;&nbsp; **45024133** |
| **Leisure time: 1.97%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Carnival Corp.144A | 5.75 | &nbsp;&nbsp; 3-1-2027 | 12280000 | &nbsp;&nbsp; 12310717 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd.144A | 5.38 | &nbsp;&nbsp; 7-15-2027 | 30910000 | &nbsp;&nbsp; 30938030 |
|  |  |  |  | &nbsp;&nbsp; **43248747** |
| **Consumer, non-cyclical: 0.99%** |  |  |  |  |
| **Healthcare-products: 0.99%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corp.144A | 8.38 | &nbsp;&nbsp; 10-1-2028 | 20903000 | &nbsp;&nbsp; **21610776** |
| **Energy: 0.25%** |  |  |  |  |
| **Oil & gas: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Borr IHC Ltd./Borr Finance LLC144A | 10.00 | &nbsp;&nbsp; 11-15-2028 | 6485427 | &nbsp;&nbsp; **5598480** |
| **Financial: 1.48%** |  |  |  |  |
| **Banks: 0.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA (5 Year USD Swap Rate+5.46%)144Aʊ± | 7.70 | &nbsp;&nbsp; 9-17-2025 | 8550000 | &nbsp;&nbsp; **8576563** |
| **Diversified financial services: 1.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Global Aircraft Leasing Co. Ltd.144A | 8.75 | &nbsp;&nbsp; 9-1-2027 | 20845000 | &nbsp;&nbsp; 21079198 |
| &nbsp;&nbsp;&nbsp; Macquarie AirFinance Holdings Ltd.144A | 6.40 | &nbsp;&nbsp; 3-26-2029 | 2650000 | &nbsp;&nbsp; 2739999 |
|  |  |  |  | &nbsp;&nbsp; **23819197** |
| **Industrial: 0.43%** |  |  |  |  |
| **Aerospace/defense: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bombardier, Inc.144A | 6.00 | &nbsp;&nbsp; 2-15-2028 | 4890000 | &nbsp;&nbsp; 4886802 |
| &nbsp;&nbsp;&nbsp; Bombardier, Inc.144A | 7.88 | &nbsp;&nbsp; 4-15-2027 | 1727000 | &nbsp;&nbsp; 1734937 |
|  |  |  |  | &nbsp;&nbsp; **6621739** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 9

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Packaging & containers: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV144A | 8.25<br> %<br>| &nbsp;&nbsp; 7-15-2030 | $2785000 | &nbsp;&nbsp; **$2889558** |
| **Technology: 0.41%** |  |  |  |  |
| **Software: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Open Text Corp.144A | 3.88 | &nbsp;&nbsp; 2-15-2028 | 7390000 | &nbsp;&nbsp; 7078935 |
| &nbsp;&nbsp;&nbsp; Open Text Corp.144A | 6.90 | &nbsp;&nbsp; 12-1-2027 | 1800000 | &nbsp;&nbsp; 1853732 |
|  |  |  |  | &nbsp;&nbsp; **8932667** |
| **Utilities: 1.44%** |  |  |  |  |
| **Electric: 1.44%** |  |  |  |  |
| &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; 2904447 |
| &nbsp;&nbsp;&nbsp; Emera, Inc. Series 16-A (3 Month LIBOR+5.44%)± | 6.75 | &nbsp;&nbsp; 6-15-2076 | 28595000 | &nbsp;&nbsp; 28735458 |
|  |  |  |  | &nbsp;&nbsp; **31639905** |
| **Total yankee corporate bonds and notes (Cost $233,521,398)** |  |  |  | &nbsp;&nbsp; **234491758** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 4.03%** |  |  |  |  |
| **Investment companies: 4.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞## |  | 4.23 | 88328616 | &nbsp;&nbsp; **88328616** |
| **Total short-term investments (Cost $88,328,616)** |  |  |  | &nbsp;&nbsp; **88328616** |
| **Total investments in securities (Cost $2,146,162,138)** | 98.43<br> %<br>|  |  | &nbsp;&nbsp; 2157947964 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | 1.57 |  |  | &nbsp;&nbsp; 34409238 |
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$2192357202** |

---

&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. |
| %% | The security is purchased on a when-issued basis. |
| 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. |
| ## | All or a portion of this security is segregated as collateral for when-issued securities. |

---

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

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| LIBOR | London Interbank Offered Rate |
| REIT | Real estate investment trust |
| SOFR | Secured Overnight Financing Rate |

---

See accompanying notes to portfolio of investments

10 \| Allspring Short-Term High Income Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

**Investments in affiliates**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund <br> Select Class<br>| $83556803 | $731466938 | $(726695125)<br>| $0 | $0 | $88328616 | 88328616 | $3180035 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term High Income Fund \| 11

------

Notes to portfolio of investments—May 31, 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 and exchange-traded funds that are listed on a foreign or domestic exchange or market are valued at the official closing price or, if none, the last sales price.

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.

When-issued transactions

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

Loans

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

Fair valuation measurements

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

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

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

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

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

12 \| Allspring Short-Term High Income Fund

------

Notes to portfolio of investments—May 31, 2025 (unaudited)

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of May 31, 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; $1827103 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $1827103 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1691351676 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1691351676 |
| **Investment companies** | &nbsp;&nbsp; 21900296 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 21900296 |
| **Loans** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 112574574 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 112574574 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7473941 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7473941 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 234491758 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 234491758 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 88328616 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 88328616 |
| **Total assets** | &nbsp;&nbsp; **$110228912** | &nbsp;&nbsp;&nbsp; **$2047719052** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$2157947964** |

---

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

At May 31, 2025, the Fund had no material 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:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2200955011.19

**Total Liabilities:** $17231317.67

**Net Assets:** $2183723693.52

**Delayed Delivery Securities:** $5303100.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1602.65000000 | **1-Year:** -9911.78000000 | **5-Year:** -6118.16000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -17334.80000000 | **1-Year:** -171688.64000000 | **5-Year:** -93473.55000000 | **10-Year:** -3946.77000000 | **30-Year:** -3205.75000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092793 | -0.26%               | 0.11%                | 1.00%                |
| Class ID C000020384 | -0.27%               | 0.09%                | 0.99%                |
| Class ID C000064988 | -0.34%               | 0.03%                | 1.05%                |
| Class ID C000123105 | -0.38%               | 0.25%                | 1.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1788158.43              | $-19035079.26                              |
| Month 2  | $-6347344.63             | $-2043997.11                               |
| Month 3  | $652699.66               | $11510529.71                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UNITED AIRLINES INC                           | United Airlines Inc                                                              | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9881497.40   | 0.45%             | 2026-04-15      | Fixed         | 4.38%                 | 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        |  10000000 | PA      | $10015900.00  | 0.46%             | 2030-04-30      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                        | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13165000 | PA      | $13166974.75  | 0.60%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                     | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   7950000 | PA      | $7756870.65   | 0.36%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                       | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8065000 | PA      | $7904423.43   | 0.36%             | 2029-04-01      | 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      | $10978368.86  | 0.50%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENLINK MIDSTREAM PARTNER                      | ONEOK Inc                                                                        | CUSIP: 29336UAE7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   5917000 | PA      | $5917000.00   | 0.27%             | 2025-06-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| RITCHIE BROS HLDGS INC                        | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   5335000 | PA      | $5584691.50   | 0.26%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                      | Ford Motor Credit Co LLC                                                         | CUSIP: 345397A60<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3955000 | PA      | $3954841.44   | 0.18%             | 2025-06-16      | Fixed         | 5.13%                 | 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      | $5555822.00   | 0.25%             | 2032-01-28      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc                        | Spirit Aerosystems Inc 2022 Term Loan                                            | CUSIP: 84857HAY6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | LON              | CORP              | US        |   1935000 | PA      | $1935812.70   | 0.09%             | 2027-01-15      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                         | SS&C Technologies Inc                                                            | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |  27700000 | PA      | $27669108.96  | 1.27%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RAISING CANE'S RESTAURAN                      | Raising Cane's Restaurants LLC                                                   | CUSIP: 75103AAA3<br>LEI: 254900V6ADXFWHYOED66 | Long             | DBT              | CORP              | US        |  15140000 | PA      | $16066764.82  | 0.74%             | 2029-05-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                              | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   6625000 | PA      | $6717816.25   | 0.31%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                              | Berry Global Inc                                                                 | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1744584.10   | 0.08%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                       | American Axle & Manufacturing Inc                                                | CUSIP: 02406PAU4<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   6270000 | PA      | $6239920.30   | 0.29%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                       | DCP Midstream Operating LP                                                       | CUSIP: 23311VAG2<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4201065.20   | 0.19%             | 2025-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                 | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   8790000 | PA      | $9046202.13   | 0.41%             | 2028-12-15      | Fixed         | 8.75%                 | 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      | $8586062.29   | 0.39%             | 2027-08-17      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                        | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6675000 | PA      | $6669013.19   | 0.31%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                      | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AQ1<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   4350000 | PA      | $4253852.82   | 0.19%             | 2026-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                        | Edgewell Personal Care Co                                                        | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |  14970000 | PA      | $14717832.00  | 0.67%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                       | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  24230000 | PA      | $24196560.18  | 1.11%             | 2027-03-01      | 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        |   6485427 | PA      | $5598479.87   | 0.26%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VISTRA CORP                                   | Vistra Corp                                                                      | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   5350000 | PA      | $5426906.25   | 0.25%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                        | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   5165000 | PA      | $5190344.66   | 0.24%             | 2029-01-15      | Fixed         | 7.25%                 | 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        |   9085000 | PA      | $8800832.10   | 0.40%             | 2029-06-15      | Fixed         | 4.75%                 | 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      | $39255796.03  | 1.80%             | 2027-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                            | Advance Auto Parts Inc                                                           | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   2620000 | PA      | $2415211.37   | 0.11%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup Inc                                                                    | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1837000 | PA      | $1799672.67   | 0.08%             | 2026-02-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                          | Range Resources Corp                                                             | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1962030.31   | 0.09%             | 2029-01-15      | Fixed         | 8.25%                 | 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        |   3265000 | PA      | $3202399.18   | 0.15%             | 2028-02-01      | Fixed         | 5.00%                 | 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      | $23401285.00  | 1.07%             | 2026-07-15      | Fixed         | 10.50%                | 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        |   1665000 | PA      | $1599232.50   | 0.07%             | 2029-03-01      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                           | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |  13950000 | PA      | $14343180.75  | 0.66%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                        | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  23030000 | PA      | $23568902.00  | 1.08%             | 2028-06-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                             | Clean Harbors Inc                                                                | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2971572.48   | 0.14%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                        | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |  22330000 | PA      | $22673859.67  | 1.04%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                      | Capital One Financial Corp                                                       | CUSIP: 14040HDK8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  11835000 | PA      | $11515455.00  | 0.53%             | 2027-10-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                             | Lithia Motors Inc                                                                | CUSIP: 536797AE3<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   6710000 | PA      | $6599646.67   | 0.30%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ECI ACQUIROR LP                       | Prairie ECI Acquiror LP 2024 Term Loan B                                         | CUSIP: 73955HAE4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | LON              | CORP              | US        |   6276758 | PA      | $6296404.75   | 0.29%             | 2029-08-01      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                      | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |  14815000 | PA      | $14404039.31  | 0.66%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                 | Modivcare Inc 2024 Term Loan B                                                   | CUSIP: 60783LAC4<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |   8867547 | PA      | $5951099.80   | 0.27%             | 2031-07-01      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                          | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   2733000 | PA      | $2749165.70   | 0.13%             | 2028-01-15      | Fixed         | 5.75%                 | 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      | $3711455.77   | 0.17%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                         | Nabors Industries Inc                                                            | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   6915000 | PA      | $6638738.70   | 0.30%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                        | First Brands Group LLC 2021 Term Loan                                            | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.03         | 0.00%             | 2027-03-30      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                  | Navient Corp                                                                     | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   7350000 | PA      | $7170357.18   | 0.33%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                  | Navient Corp                                                                     | CUSIP: 63938CAH1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1779049.25   | 0.08%             | 2025-06-25      | Fixed         | 6.75%                 | 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      | $17385098.58  | 0.80%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                         | Six Flags Entertainment Corp                                                     | CUSIP: 83001WAC8<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   6699000 | PA      | $6705538.22   | 0.31%             | 2025-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   3209000 | PA      | $3273180.00   | 0.15%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                | ALLSPRING GOVERNMENT MONEY MAR                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  88328616 | NS      | $88328616.35  | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC                               | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |  21650000 | PA      | $22023938.80  | 1.01%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                        | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7345000 | PA      | $7481058.78   | 0.34%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                      | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AG1<br>LEI: N/A                  | Long             | DBT              |  | US        |   7505000 | PA      | $7495620.25   | 0.34%             | 2025-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                             | Rakuten Group Inc                                                                | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |  21325000 | PA      | $22993759.73  | 1.05%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| AERCAP GLOBAL AVIATION T                      | AerCap Global Aviation Trust                                                     | CUSIP: 00773HAA5<br>LEI: 635400FBSV8LXXNRV758 | Long             | DBT              | CORP              | US        |   7940000 | PA      | $7948305.24   | 0.36%             | 2045-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                        | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   4840000 | PA      | $4929012.44   | 0.23%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                       | Algonquin Power & Utilities Corp                                                 | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   3035000 | PA      | $2904446.74   | 0.13%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI                      | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12135000 | PA      | $11711142.65  | 0.54%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                      | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAA4<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   8570000 | PA      | $8383407.96   | 0.38%             | 2027-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP                       | Penske Automotive Group Inc                                                      | CUSIP: 70959WAJ2<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |    375000 | PA      | $373506.34    | 0.02%             | 2025-09-01      | Fixed         | 3.50%                 | 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      | $14769550.84  | 0.68%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                   | Vistra Corp                                                                      | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   2405000 | PA      | $2583292.27   | 0.12%             | 2029-01-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                           | Intesa Sanpaolo SpA                                                              | CUSIP: 46115HAU1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   8550000 | PA      | $8576563.48   | 0.39%             | 2025-09-17      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                             | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |  14380000 | PA      | $14876812.32  | 0.68%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                           | NCL Corp Ltd                                                                     | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   6060000 | PA      | $6061418.04   | 0.28%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp                          | Western Digital Corp                                                             | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   4866000 | PA      | $4849864.83   | 0.22%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                       | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |  12566000 | PA      | $12719266.50  | 0.58%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                            | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |  20903000 | PA      | $21610775.58  | 0.99%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                        | Energizer Holdings Inc                                                           | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   3754000 | PA      | $3778288.38   | 0.17%             | 2027-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                        | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   7530000 | PA      | $8315114.70   | 0.38%             | 2030-11-15      | Fixed         | 9.75%                 | 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        |   6090000 | PA      | $5934309.15   | 0.27%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                        | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   5685000 | PA      | $5522945.10   | 0.25%             | 2026-10-15      | Fixed         | 3.88%                 | 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        |   5395500 | PA      | $5399222.90   | 0.25%             | 2028-11-28      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                             | Newell Brands Inc                                                                | CUSIP: 651229AW6<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   2298000 | PA      | $2314228.48   | 0.11%             | 2026-04-01      | Fixed         | 5.70%                 | 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      | $11490541.79  | 0.53%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                        | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1647831.25   | 0.08%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                      | United Wholesale Mortgage LLC                                                    | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |  17745000 | PA      | $17715479.42  | 0.81%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                          | Boston Properties LP                                                             | CUSIP: 10112RAX2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   1750000 | PA      | $1736545.44   | 0.08%             | 2026-02-01      | Fixed         | 3.65%                 | 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      | $2437718.40   | 0.11%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                      | Hess Midstream Operations LP                                                     | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25855000 | PA      | $26109516.62  | 1.20%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Jeld-Wen Inc                                  | JELD-WEN Inc                                                                     | CUSIP: 475795AD2<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |   3259000 | PA      | $2845478.53   | 0.13%             | 2027-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                     | Block Inc                                                                        | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1716228.54   | 0.08%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                         | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   2785000 | PA      | $2889557.70   | 0.13%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                      | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AW8<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   5415000 | PA      | $5673647.48   | 0.26%             | 2029-08-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                 | Carnival Corp                                                                    | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |  12280000 | PA      | $12310717.19  | 0.56%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                          | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |   3420000 | PA      | $3637529.10   | 0.17%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                       | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8915000 | PA      | $8938241.41   | 0.41%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                      | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd        | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2502000 | PA      | $2507742.09   | 0.11%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                        | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10560000 | PA      | $10773111.36  | 0.49%             | 2028-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                            | Energy Transfer LP                                                               | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2010000 | PA      | $2004935.81   | 0.09%             | 2026-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                             | Iron Mountain Inc                                                                | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |  24240000 | PA      | $23974155.07  | 1.10%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Constellation Renewables, LLC                 | Constellation Renewables LLC 2020 Term Loan                                      | CUSIP: 30204KAD8<br>LEI: 5493004JBPWTPTK8LB51 | Long             | LON              | CORP              | US        |   5384006 | PA      | $5376414.66   | 0.25%             | 2027-12-15      | Floating      | 6.58%                 | 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   | 0.26%             | 2027-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                      | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11030000 | PA      | $11026003.83  | 0.50%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                          | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |  15320000 | PA      | $14244065.68  | 0.65%             | 2029-11-01      | Fixed         | 6.88%                 | 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      | $6261395.04   | 0.29%             | 2028-06-15      | Fixed         | 5.70%                 | 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        |   8670000 | PA      | $8636566.75   | 0.40%             | 2028-01-15      | Fixed         | 5.75%                 | 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        |   2197775 | PA      | $2148872.60   | 0.10%             | 2026-01-15      | Fixed         | 3.90%                 | 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      | $4987461.70   | 0.23%             | 2028-03-03      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                           | Churchill Downs Inc                                                              | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |  29540000 | PA      | $29437366.22  | 1.35%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                        | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2927509.40   | 0.13%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Central Garden & Pet Co                       | Central Garden & Pet Co                                                          | CUSIP: 153527AM8<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2999268.60   | 0.14%             | 2028-02-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                            | Viking Cruises Ltd                                                               | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   9430000 | PA      | $9425296.32   | 0.43%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP INC                             | Bristow Group Inc                                                                | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |  13418000 | PA      | $13378718.81  | 0.61%             | 2028-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC                         | DirecTV Financing LLC Term Loan                                                  | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1088204 | PA      | $1091218.77   | 0.05%             | 2027-08-02      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                        | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |  19370000 | PA      | $18737598.56  | 0.86%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                      | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14825000 | PA      | $14846377.65  | 0.68%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                | Open Text Corp                                                                   | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   1800000 | PA      | $1853731.80   | 0.08%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                      | Brandywine Operating Partnership LP                                              | CUSIP: 105340AQ6<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |   5180000 | PA      | $4943808.58   | 0.23%             | 2027-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                        | WESCO Distribution Inc                                                           | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |  13275000 | PA      | $13550482.80  | 0.62%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PetSmart Inc                                  | PetSmart Inc 2021 Term Loan B                                                    | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2969152 | PA      | $2954929.44   | 0.14%             | 2028-02-11      | Floating      | 8.18%                 | 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        |  13585000 | PA      | $13385843.90  | 0.61%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                        | Energizer Holdings Inc                                                           | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |  12755000 | PA      | $12299268.95  | 0.56%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                        | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8175000 | PA      | $7935604.77   | 0.36%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                 | Modivcare Inc 2025 Incremental Term Loan                                         | CUSIP: 60783LAD2<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |   1534314 | PA      | $1158406.78   | 0.05%             | 2026-01-09      | Floating      | 11.71%                | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                       | Latam Airlines Group SA                                                          | CUSIP: 51818LAB4<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |  19270000 | PA      | $21622847.73  | 0.99%             | 2029-10-15      | Fixed         | 13.38%                | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                         | American Airlines Inc                                                            | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   6600000 | PA      | $6665974.52   | 0.31%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                           | Delta Air Lines Inc                                                              | CUSIP: 247361ZZ4<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2630508.40   | 0.12%             | 2026-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                    | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   3670000 | PA      | $3614722.46   | 0.17%             | 2027-04-15      | Fixed         | 5.63%                 | 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      | $8723965.88   | 0.40%             | 2028-05-12      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                      | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10735000 | PA      | $10683686.70  | 0.49%             | 2026-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                      | Service Properties Trust                                                         | CUSIP: 44106MAV4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   9770000 | PA      | $9680430.59   | 0.44%             | 2026-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                        | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |   7106000 | PA      | $6859567.47   | 0.31%             | 2027-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                  | Navient Corp                                                                     | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  11235000 | PA      | $11120774.88  | 0.51%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   5280000 | PA      | $5264610.91   | 0.24%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                               | AdaptHealth LLC                                                                  | CUSIP: 00653VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5825000 | PA      | $5764883.09   | 0.26%             | 2028-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                      | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 69867DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2925000 | PA      | $2925275.56   | 0.13%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                       | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  30910000 | PA      | $30938030.42  | 1.42%             | 2027-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                     | IQVIA Inc                                                                        | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   9540000 | PA      | $9508934.90   | 0.44%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                 | B&G Foods Inc                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |  11300000 | PA      | $10649597.99  | 0.49%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                            | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   5575000 | PA      | $5466717.05   | 0.25%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                      | Fortress Transportation and Infrastructure Investors LLC                         | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |  29355000 | PA      | $29109665.59  | 1.33%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                      | Live Nation Entertainment Inc                                                    | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |  21600000 | PA      | $21856003.20  | 1.00%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                    | Mattel Inc                                                                       | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1132277.93   | 0.05%             | 2026-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                      | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  23400000 | PA      | $23384497.50  | 1.07%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                             | Nexstar Media Inc                                                                | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |  16125000 | PA      | $16060520.96  | 0.74%             | 2027-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                            | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2678886.78   | 0.12%             | 2028-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                   | Asurion LLC 2021 Term Loan B9                                                    | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |  10052642 | PA      | $9985591.36   | 0.46%             | 2027-07-31      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                       | Starwood Property Trust Inc                                                      | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |  19790000 | PA      | $19321930.88  | 0.88%             | 2026-07-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| DirecTV Financing LLC                         | DirecTV Financing LLC 2024 Term Loan                                             | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3486607 | PA      | $3427788.08   | 0.16%             | 2029-08-02      | Floating      | 9.79%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS ESCROW INC                      | Herc Holdings Escrow Inc                                                         | CUSIP: 42703NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5280000 | PA      | $5439591.27   | 0.25%             | 2030-06-15      | Fixed         | 7.00%                 | 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      | $1827102.78   | 0.08%             | 2051-11-27      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                  | Entegris Inc                                                                     | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4537696.31   | 0.21%             | 2028-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                      | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |  18360000 | PA      | $18328631.93  | 0.84%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   9965000 | PA      | $9970012.40   | 0.46%             | 2027-05-13      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                              | Arches Buyer Inc                                                                 | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |  11270000 | PA      | $10614941.39  | 0.49%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC                          | Oceaneering International Inc                                                    | CUSIP: 675232AD4<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |  21595000 | PA      | $21304048.41  | 0.98%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                      | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1613003.04   | 0.07%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                | Open Text Corp                                                                   | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   7390000 | PA      | $7078934.95   | 0.32%             | 2028-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                               | Alumina Pty Ltd                                                                  | CUSIP: 02220AAA5<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |   7590000 | PA      | $7601923.89   | 0.35%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                             | GEO Group Inc/The                                                                | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |  24860000 | PA      | $26241624.58  | 1.20%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                         | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAC6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |  18975000 | PA      | $18932697.14  | 0.87%             | 2027-04-15      | Fixed         | 5.50%                 | 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      | $17264976.25  | 0.79%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                              | Cinemark USA Inc                                                                 | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |  24480000 | PA      | $24150384.14  | 1.11%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                 | PRA Group Inc                                                                    | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |  18815000 | PA      | $18979631.25  | 0.87%             | 2028-02-01      | Fixed         | 8.38%                 | 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        |   8445000 | PA      | $7932602.16   | 0.36%             | 2028-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                        | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |  13643000 | PA      | $14527093.69  | 0.67%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                   | Asurion LLC 2020 Term Loan B8                                                    | CUSIP: 04649VAX8<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   6978043 | PA      | $6968832.26   | 0.32%             | 2026-12-23      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                 | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  25950000 | PA      | $26372907.15  | 1.21%             | 2029-03-01      | Fixed         | 6.38%                 | 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      | $21079197.33  | 0.97%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                      | Standard Industries Inc/NY                                                       | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |  15585000 | PA      | $15478852.12  | 0.71%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                   | Chemours Co/The                                                                  | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |  14150000 | PA      | $13851568.01  | 0.63%             | 2027-05-15      | Fixed         | 5.38%                 | 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      | $3005848.84   | 0.14%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                           | NCL Corp Ltd                                                                     | CUSIP: 62886HBN0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   6270000 | PA      | $6601695.54   | 0.30%             | 2029-01-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                         | ON Semiconductor Corp                                                            | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    795000 | PA      | $759295.44    | 0.03%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                     | Emera Inc                                                                        | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |  28595000 | PA      | $28735458.64  | 1.32%             | 2076-06-15      | 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        |   7473968 | PA      | $7473941.41   | 0.34%             | 2054-08-25      | Floating      | 5.92%                 | 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        |   4820000 | PA      | $4939386.58   | 0.23%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                         | Antero Resources Corp                                                            | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12795012.50  | 0.59%             | 2029-02-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CCM MERGER INC                                | CCM Merger Inc                                                                   | CUSIP: 14985VAE1<br>LEI: 549300P77RSBKKFME089 | Long             | DBT              | CORP              | US        |  11755000 | PA      | $11759364.63  | 0.54%             | 2026-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                 | Aircastle Ltd                                                                    | CUSIP: 00928QAW1<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   9535000 | PA      | $9468465.72   | 0.43%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                      | Macquarie Airfinance Holdings Ltd                                                | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   2650000 | PA      | $2739999.30   | 0.13%             | 2029-03-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                    | Avis Budget Car Rental LLC 2020 Term Loan B                                      | CUSIP: 05377JAR3<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | LON              | CORP              | US        |  10766592 | PA      | $10564718.50  | 0.48%             | 2027-08-06      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                      | Service Properties Trust                                                         | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    525000 | PA      | $559146.50    | 0.03%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                          | Kaiser Aluminum Corp                                                             | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12515000 | PA      | $12162989.34  | 0.56%             | 2028-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                           | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  28930000 | PA      | $28630620.79  | 1.31%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                            | Seagate HDD Cayman                                                               | CUSIP: 81180WBN0<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   9615000 | PA      | $10248291.98  | 0.47%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CORECIVIC INC                                 | CoreCivic Inc                                                                    | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |  16385000 | PA      | $17317861.13  | 0.79%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                           | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |  25940000 | PA      | $26454978.26  | 1.21%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| VOC Escrow Ltd                                | VOC Escrow Ltd                                                                   | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9630000 | PA      | $9498855.77   | 0.43%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc                                | Bombardier Inc                                                                   | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1727000 | PA      | $1734937.29   | 0.08%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTN                      | Encino Acquisition Partners Holdings LLC                                         | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |   5575000 | PA      | $5718332.69   | 0.26%             | 2028-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CROWN AMER/CAP CORP VI                        | Crown Americas LLC / Crown Americas Capital Corp VI                              | CUSIP: 228187AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2998125.60   | 0.14%             | 2026-02-01      | Fixed         | 4.75%                 | 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        |   5070000 | PA      | $5038474.23   | 0.23%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                        | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |  17170000 | PA      | $17212289.71  | 0.79%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                | Bombardier Inc                                                                   | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   4890000 | PA      | $4886801.79   | 0.22%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                      | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   9240000 | PA      | $9107973.34   | 0.42%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                     | Ball Corp                                                                        | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   5280000 | PA      | $5407670.40   | 0.25%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                         | Civitas Resources Inc                                                            | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   9185000 | PA      | $9253933.43   | 0.42%             | 2028-07-01      | Fixed         | 8.38%                 | 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        |   7000000 | PA      | $6979560.00   | 0.32%             | 2030-02-11      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                          | OneMain Finance Corp                                                             | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  32262000 | PA      | $32698795.22  | 1.50%             | 2026-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| SPDR Bloomberg Short Term High Yield Bond ETF | SPDR Bloomberg Short Term High Yield Bond ETF                                    | CUSIP: 78468R408<br>LEI: 549300YI2V5ELVW58659 | Long             | EC               | RF                | US        |    868026 | NS      | $21900295.98  | 1.00%             |  |  |  | No            |                  1 | 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      | $4891679.50   | 0.22%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DANA INC                                      | Dana Inc                                                                         | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |   9815000 | PA      | $9768509.29   | 0.45%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SkyMiles IP Ltd                               | SkyMiles IP Ltd 2020 Skymiles Term Loan B                                        | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |   6252736 | PA      | $6283624.17   | 0.29%             | 2027-10-20      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                       | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 654740BS7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |  14099000 | PA      | $13639433.79  | 0.62%             | 2026-03-09      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                         | Quikrete Holdings Inc 2024 Term Loan B1                                          | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |  16065990 | PA      | $16042533.50  | 0.73%             | 2029-03-19      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                   | Gap Inc/The                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6163961.63   | 0.28%             | 2029-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                        | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   7545000 | PA      | $7536511.12   | 0.35%             | 2029-03-31      | Fixed         | 6.50%                 | 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        |  13145000 | PA      | $13177751.03  | 0.60%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                              | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   6130000 | PA      | $5781067.65   | 0.26%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                      | Encore Capital Group Inc                                                         | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   7450000 | PA      | $7943562.50   | 0.36%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                        | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |  11480000 | PA      | $11578360.64  | 0.53%             | 2029-04-15      | Fixed         | 6.63%                 | 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        |   5631000 | PA      | $5578240.91   | 0.26%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                | Sabre GLBL Inc                                                                   | CUSIP: 78573NAJ1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1845753.73   | 0.08%             | 2027-06-01      | Fixed         | 8.63%                 | 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      | $16876727.21  | 0.77%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                          | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    700000 | PA      | $730660.70    | 0.03%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer