# EDGAR Filing Document

**Accession Number:** 0001087961
**File Stem:** 0001752724-23-015201
**Filing Date:** 2023-1
**Character Count:** 61668
**Document Hash:** eccda21c08b23a791bc35ccf9358ad7a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015201.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-015201

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING MASTER TRUST
- **CENTRAL INDEX KEY:** 0001087961
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09689
- **FILM NUMBER:** 23558249

**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 MASTER TRUST
- **DATE OF NAME CHANGE:** 20021209

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO CORE TRUST
- **DATE OF NAME CHANGE:** 19990604

## Series and Classes Contracts Data

### Allspring High Yield Corporate Bond Portfolio (Series ID: S000057910)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000188020 | High Yield Corporate Bond Portfolio |  |

## Nport-Ex

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Corporate bonds and notes: 78.44%** |  |  |  |  |
| &nbsp;&nbsp;**Communication services: 15.04%** |  |  |  |  |
| &nbsp;&nbsp;**Diversified telecommunication services: 2.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 3 Financing Incorporated 144A | 3.75% | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2029 | &nbsp;&nbsp;$200000 | &nbsp;&nbsp;$144635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lumen Technologies Incorporated 144A | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2029 | &nbsp;&nbsp;240000 | &nbsp;&nbsp;&nbsp;&nbsp; 162516 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **307151** |
| &nbsp;&nbsp;**Media: 11.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CCO Holdings LLC 144A | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2033 | &nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp; 63489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clear Channel Outdoor Holdings 144A | 7.75 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2028 | &nbsp;&nbsp;165000 | &nbsp;&nbsp;&nbsp;&nbsp; 122934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSC Holdings LLC 144A | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2027 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 183250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSC Holdings LLC 144A | 5.75 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2030 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 136200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DIRECTV Financing LLC 144A | 5.88 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2027 | &nbsp;&nbsp;190000 | &nbsp;&nbsp;&nbsp;&nbsp; 174340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gray Television Incorporated 144A | 4.75 | &nbsp;&nbsp;10-15-2030 | &nbsp;&nbsp;205000 | &nbsp;&nbsp;&nbsp;&nbsp; 151677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lamar Media Corporation | 3.75 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 180750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Outfront Media Capital Corporation 144A | 4.63 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2030 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 167409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QVC Incorporated | 4.75 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2027 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp; 157640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Univision Communications Incorporated 144A | 5.13 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2025 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 193000 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1530689** |
| &nbsp;&nbsp;**Wireless telecommunication services: 1.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Frontier Communications 144A | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-1-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; **178000** |
| &nbsp;&nbsp;**Consumer discretionary: 15.13%** |  |  |  |  |
| &nbsp;&nbsp;**Auto components: 4.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allison Transmission Incorporated 144A | 5.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2029 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 189048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dana Incorporated | 5.63 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 184000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Goodyear Tire & Rubber Company | 5.25 | &nbsp;&nbsp;&nbsp;&nbsp;4-30-2031 | &nbsp;&nbsp;205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175275 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**548323** |
| &nbsp;&nbsp;**Hotels, restaurants & leisure: 7.59%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carnival Corporation 144A | 5.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2027 | &nbsp;&nbsp;195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Domestic Operating Company | 4.88 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2030 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MGM Resorts International | 4.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9-1-2026 | &nbsp;&nbsp;154000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NCL Corporation Limited 144A | 3.63 | &nbsp;&nbsp;12-15-2024 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Caribbean Cruises Limited 144A | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2028 | &nbsp;&nbsp;205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Six Flags Entertainment Company 144A | 4.88 | &nbsp;&nbsp;&nbsp;&nbsp;7-31-2024 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194407 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1017137** |
| &nbsp;&nbsp;**Specialty retail: 2.72%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ABC Supply Company Incorporated 144A | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Staples Incorporated 144A | 7.50 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2026 | &nbsp;&nbsp;205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182888 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**363890** |
| &nbsp;&nbsp;**Textiles, apparel & luxury goods: 0.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WESCO Aircraft Holdings 144A | 8.50 | &nbsp;&nbsp;11-15-2024 | &nbsp;&nbsp;198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**98010** |
| &nbsp;&nbsp;**Consumer staples: 2.71%** |  |  |  |  |
| &nbsp;&nbsp;**Food & staples retailing: 1.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Performance Food Group Company 144A | 5.50 | &nbsp;&nbsp;10-15-2027 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**193000** |
| &nbsp;&nbsp;**Household products: 1.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energizer Holdings Incorporated 144A | 4.38 | &nbsp;&nbsp;&nbsp;&nbsp;3-31-2029 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**170144** |

---

See accompanying notes to portfolio of investments

------

Allspring High Yield Corporate Bond Portfolio \| 1

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Energy: 13.96%** |  |  |  |  |
| &nbsp;&nbsp;**Energy equipment & services: 1.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USA Compression Partners LP | &nbsp;&nbsp;6.88% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2026 | &nbsp;&nbsp;$200000 | &nbsp;&nbsp;**$191500** |
| &nbsp;&nbsp;**Oil, gas & consumable fuels: 12.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Partners LP 144A | &nbsp;&nbsp;5.75 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 189000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buckeye Partners LP 144A | &nbsp;&nbsp;4.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 177500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy Partners LP | &nbsp;&nbsp;4.50 | &nbsp;&nbsp;&nbsp;&nbsp;10-1-2029 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp; 192780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EQM Midstream Partners LP | &nbsp;&nbsp;5.50 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 185316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moss Creek Resources Holdings Incorporated 144A | 10.50 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2027 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 196654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum Corporation | &nbsp;&nbsp;7.88 | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2031 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp; 98550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Range Resources Corporation | &nbsp;&nbsp;4.88 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2025 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 193808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SM Energy Company | &nbsp;&nbsp;6.75 | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2026 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 196000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunoco LP | &nbsp;&nbsp;4.50 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2029 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 173177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weatherford International Limited 144A | 11.00 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2024 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 76909 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1679694** |
| &nbsp;&nbsp;**Financials: 7.51%** |  |  |  |  |
| &nbsp;&nbsp;**Capital markets: 1.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSCI Incorporated 144A | &nbsp;&nbsp;4.00 | &nbsp;&nbsp;11-15-2029 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; **176606** |
| &nbsp;&nbsp;**Consumer finance: 2.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Navient Corporation | &nbsp;&nbsp;5.50 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2029 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 163378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OneMain Finance Corporation | &nbsp;&nbsp;5.38 | &nbsp;&nbsp;11-15-2029 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp; 175392 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **338770** |
| &nbsp;&nbsp;**Diversified financial services: 2.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CHS Incorporation 144A | &nbsp;&nbsp;4.75 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2031 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp; 153865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compass Group Diversified Holdings LLC 144A | &nbsp;&nbsp;5.25 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2029 | &nbsp;&nbsp;170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148621 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**302486** |
| &nbsp;&nbsp;**Insurance: 1.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acrisure LLC 144A | &nbsp;&nbsp;7.00 | &nbsp;&nbsp;11-15-2025 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**188040** |
| &nbsp;&nbsp;**Health care: 8.41%** |  |  |  |  |
| &nbsp;&nbsp;**Health care equipment & supplies: 1.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avantor Funding Incorporated 144A | &nbsp;&nbsp;4.63 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**184000** |
| &nbsp;&nbsp;**Health care providers & services: 5.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Davita Incorporated 144A | &nbsp;&nbsp;4.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2030 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Encompass Health Corporation | &nbsp;&nbsp;4.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2031 | &nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MPT Operating Partnership LP | &nbsp;&nbsp;5.00 | &nbsp;&nbsp;10-15-2027 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tenet Healthcare Corporation 144A | &nbsp;&nbsp;4.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-1-2026 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199286 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**762282** |
| &nbsp;&nbsp;**Pharmaceuticals: 1.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Organon Finance 1 LLC 144A | &nbsp;&nbsp;4.13 | &nbsp;&nbsp;&nbsp;&nbsp;4-30-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**179996** |
| &nbsp;&nbsp;**Industrials: 5.65%** |  |  |  |  |
| &nbsp;&nbsp;**Aerospace & defense: 1.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TransDigm Group Incorporated | &nbsp;&nbsp;6.38 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2026 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**196426** |

---

See accompanying notes to portfolio of investments

------

2 \| Allspring High Yield Corporate Bond Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Airlines: 2.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delta Air Lines Incorporated | 3.75% | &nbsp;&nbsp;10-28-2029 | &nbsp;&nbsp;$210000 | &nbsp;&nbsp;$179804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Airlines Incorporated 144A | 4.38 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2026 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 186205 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **366009** |
| &nbsp;&nbsp;**Commercial services & supplies: 1.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KAR Auction Services Incorporated 144A | 5.13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2025 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; **194444** |
| &nbsp;&nbsp;**Information technology: 1.21%** |  |  |  |  |
| &nbsp;&nbsp;**IT services: 1.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Block Incorporated | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2031 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; **162302** |
| &nbsp;&nbsp;**Materials: 2.68%** |  |  |  |  |
| &nbsp;&nbsp;**Chemicals: 1.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chemours Company | 5.38 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2027 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; **181000** |
| &nbsp;&nbsp;**Metals & mining: 1.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novelis Corporation 144A | 4.75 | &nbsp;&nbsp;&nbsp;&nbsp;1-30-2030 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; **177820** |
| &nbsp;&nbsp;**Real estate: 3.54%** |  |  |  |  |
| &nbsp;&nbsp;**Equity REITs: 1.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Properties Trust Company | 4.38 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2030 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp; **147353** |
| &nbsp;&nbsp;**Real estate management & development: 2.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Howard Hughes Corporation 144A | 4.13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2029 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 164926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kennedy-Wilson Holdings Incorporated | 4.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2029 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 162350 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **327276** |
| &nbsp;&nbsp;**Utilities: 2.60%** |  |  |  |  |
| &nbsp;&nbsp;**Gas utilities: 1.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ferellgas Partners LP 144A | 5.38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2026 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; **184000** |
| &nbsp;&nbsp;**Independent power & renewable electricity producers: 1.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calpine Corporation 144A | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2031 | &nbsp;&nbsp;190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**164252** |
| &nbsp;&nbsp;**Total Corporate bonds and notes (Cost $12,067,353)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**10510600** |
| &nbsp;&nbsp;**Yankee corporate bonds and notes: 15.81%** |  |  |  |  |
| &nbsp;&nbsp;**Communication services: 5.06%** |  |  |  |  |
| &nbsp;&nbsp;**Diversified telecommunication services: 1.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altice France Holding SA 144A | 6.00 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2028 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**140824** |
| &nbsp;&nbsp;**Media: 2.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Videotron Limited 144A | 5.13 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2027 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ziggo BV 144A | 4.88 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2030 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170000 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**361200** |
| &nbsp;&nbsp;**Wireless telecommunication services: 1.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VEON Holdings BV 144A | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-9-2025 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**176400** |
| &nbsp;&nbsp;**Consumer discretionary: 2.86%** |  |  |  |  |
| &nbsp;&nbsp;**Auto components: 1.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adient Global Holdings Limited 144A | 4.88 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2026 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**186682** |

---

See accompanying notes to portfolio of investments

------

Allspring High Yield Corporate Bond Portfolio \| 3

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Hotels, restaurants & leisure: 1.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MGM China Holdings Limited 144A | &nbsp;&nbsp;5.38% | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2024 | &nbsp;&nbsp;$200000 | &nbsp;&nbsp;**$196000** |
| &nbsp;&nbsp;**Financials: 2.59%** |  |  |  |  |
| &nbsp;&nbsp;**Diversified financial services: 2.59%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Red Finance Incorporated 144A | &nbsp;&nbsp;3.88 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 178498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Red Finance Incorporated 144A | &nbsp;&nbsp;4.00 | &nbsp;&nbsp;10-15-2030 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 168432 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **346930** |
| &nbsp;&nbsp;**Health care: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;**Pharmaceuticals: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Endo Limited 144A | &nbsp;&nbsp;6.00 | &nbsp;&nbsp;&nbsp;&nbsp;6-30-2028 | &nbsp;&nbsp;145000 | &nbsp;&nbsp;&nbsp;&nbsp; **6977** |
| &nbsp;&nbsp;**Industrials: 1.50%** |  |  |  |  |
| &nbsp;&nbsp;**Aerospace & defense: 1.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bombardier Incorporated 144A | &nbsp;&nbsp;7.13 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2026 | &nbsp;&nbsp;205000 | &nbsp;&nbsp;&nbsp;&nbsp; **201410** |
| &nbsp;&nbsp;**Information technology: 1.22%** |  |  |  |  |
| &nbsp;&nbsp;**Technology hardware, storage & peripherals: 1.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seagate HDD Cayman | &nbsp;&nbsp;4.13 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2031 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp; **164180** |
| &nbsp;&nbsp;**Materials: 1.21%** |  |  |  |  |
| &nbsp;&nbsp;**Chemicals: 1.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cerdia Finanz GmbH 144A | 10.50 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2027 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; **162156** |
| &nbsp;&nbsp;**Utilities: 1.32%** |  |  |  |  |
| &nbsp;&nbsp;**Independent power & renewable electricity producers: 1.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atlantica Sustainable Infrastructure plc 144A | &nbsp;&nbsp;4.13 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; **176305** |
| &nbsp;&nbsp;**Total Yankee corporate bonds and notes (Cost $2,506,785)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **2119064** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Yield** | &nbsp;&nbsp;**Shares** |  |
| &nbsp;&nbsp;**Short-term investments: 3.95%** |  |  |  |  |
| &nbsp;&nbsp;**Investment companies: 3.95%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Government Money Market Fund Select Class ♠∞ |  | 3.60 | &nbsp;&nbsp;&nbsp;&nbsp;528865 | &nbsp;&nbsp;&nbsp;&nbsp; **528865** |
| &nbsp;&nbsp;**Total Short-term investments (Cost $528,865)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **528865** |
| &nbsp;&nbsp;**Total investments in securities (Cost $15,103,003)** | &nbsp;&nbsp;98.20% |  |  | &nbsp;&nbsp;&nbsp;&nbsp;13158529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets and liabilities, net | &nbsp;&nbsp;&nbsp;&nbsp;1.80 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 240869 |
| &nbsp;&nbsp;**Total net assets** | **100.00%** |  |  | &nbsp;&nbsp;**$13399398** |

---

---

| | |
|:---|:---|
| 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 1933. |
| ♠ | The issuer of the security is an affiliated person of the Portfolio as defined in the Investment Company Act of 1940. |
| ∞ | The rate represents the 7-day annualized yield at period end. |

---

Abbreviations: <br> REIT Real estate investment trust

See accompanying notes to portfolio of investments

------

4 \| Allspring High Yield Corporate Bond Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value,<br> beginning of<br> period** | **Purchases** | **Sales<br> proceeds** | **Net<br> realized<br> gains<br> (losses)** | **Net<br> change in<br> unrealized<br> gains<br> (losses)** | **Value,<br> end of<br> period** | **Shares,<br> end<br> of period** | **Income<br> from<br> affiliated<br> securities** |
| &nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;**Short-term investments** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Government Money Market Fund Select Class | $1168782 | $11826962 | $(12466879) | $0 | $0 | $528865 | 528865 | $5438 |

---

See accompanying notes to portfolio of investments

------

Allspring High Yield Corporate Bond Portfolio \| 5

------

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

------

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 Portfolio 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.

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.

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 Portfolio'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 Portfolio'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 Portfolio's own assumptions in determining the fair value of investments)

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;Quoted prices<br> (Level 1) | &nbsp;&nbsp;&nbsp;&nbsp;Other significant<br> observable inputs<br> (Level 2) | &nbsp;&nbsp;&nbsp;&nbsp;Significant<br> unobservable inputs<br> (Level 3) | &nbsp;&nbsp;&nbsp;&nbsp;Total |
| &nbsp;&nbsp;&nbsp;&nbsp;**<u>Assets</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Investments in:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Corporate bonds and notes** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$10510600 | &nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$10510600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Yankee corporate bonds and notes** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2119064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2119064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Investment companies* | &nbsp;&nbsp;&nbsp;&nbsp;528865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | &nbsp;&nbsp;**$528865** | &nbsp;&nbsp;&nbsp;&nbsp;**$12629664** | &nbsp;&nbsp;&nbsp;&nbsp;**$0** | &nbsp;&nbsp;&nbsp;&nbsp;**$13158529** |

---

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

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

------

6 \| Allspring High Yield Corporate Bond Portfolio

## 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 MASTER TRUST

- **b. Investment Company Act file number:** 811-09689

- **c. CIK number of Registrant:** 0001087961

- **d. LEI of Registrant:** 549300RK07I40T8DF120

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

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

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

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

- **a. Name of Series:** Allspring High Yield Corporate Bond Portfolio

- **b. EDGAR series identifier (if any):** S000057910

- **c. LEI of Series:** 549300PINZDPHVMK2484

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $13452285.50

**Total Liabilities:** $55124.56

**Net Assets:** $13397160.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -0.43000000 | **1-Year:** -19.13000000 | **5-Year:** -122.92000000 | **10-Year:** -19.99000000 | **30-Year:** 0.00000000

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

- **3-Month:** -19.32000000 | **1-Year:** -913.81000000 | **5-Year:** -3097.30000000 | **10-Year:** -990.66000000 | **30-Year:** -0.68000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000188020 | -4.14%               | 3.58%                | 1.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-151790.68              | $-451819.48                                |
| Month 2  | $16359.48                | $367166.51                                 |
| Month 3  | $-50906.93               | $224943.97                                 |

### 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        |    200000 | PA      | $186205.04    | 1.39%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP         | CCO Holdings LLC / CCO Holdings Capital Corp                 | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $63488.80     | 0.47%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C       | Outfront Media Capital LLC / Outfront Media Capital Corp     | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $167409.08    | 1.25%             | 2030-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC         | Acrisure LLC / Acrisure Finance Inc                          | CUSIP: 00489LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $188040.00    | 1.40%             | 2025-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS       | CHS/Community Health Systems Inc                             | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    210000 | PA      | $153864.90    | 1.15%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                   | Calpine Corp                                                 | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    190000 | PA      | $164252.47    | 1.23%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                  | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    205000 | PA      | $167331.25    | 1.25%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC            | Avantor Funding Inc                                          | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184000.00    | 1.37%             | 2028-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL               | Allied Universal Holdco LLC / Allied Universal Finance Corp  | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $143363.15    | 1.07%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MGM China Holdings Ltd         | MGM China Holdings Ltd                                       | CUSIP: 55300RAA9<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $196000.00    | 1.46%             | 2024-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC               | CSC Holdings LLC                                             | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $183250.00    | 1.37%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS         | Adient Global Holdings Ltd                                   | CUSIP: 00687YAA3<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    200000 | PA      | $186682.00    | 1.39%             | 2026-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L       | EQM Midstream Partners LP                                    | CUSIP: 26885BAC4<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185316.00    | 1.38%             | 2028-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER         | Goodyear Tire & Rubber Co/The                                | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    205000 | PA      | $175275.00    | 1.31%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC               | CSC Holdings LLC                                             | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $136200.00    | 1.02%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP         | Sunoco LP / Sunoco Finance Corp                              | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $173177.44    | 1.29%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD / LTEE           | Videotron Ltd                                                | CUSIP: 92660FAK0<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $191200.00    | 1.43%             | 2027-04-15      | Fixed         | 5.13%                 | 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        |    190000 | PA      | $174340.20    | 1.30%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP          | Tenet Healthcare Corp                                        | CUSIP: 88033GCY4<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    210000 | PA      | $199285.80    | 1.49%             | 2026-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR | ALLSPRING GOVERNMENT MONEY MAR                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    528863 | NS      | $528863.33    | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| WEATHERFORD INTL LTD           | Weatherford International Ltd                                | CUSIP: 947075AP2<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |     75000 | PA      | $76908.66     | 0.57%             | 2024-12-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST       | Service Properties Trust                                     | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    210000 | PA      | $147352.80    | 1.10%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VEON HOLDINGS BV               | VEON Holdings BV                                             | CUSIP: 92334VAA3<br>LEI: 5493000XDKGUH5NQGE22 | Long             | DBT              | CORP              | NL        |    210000 | PA      | $176400.00    | 1.32%             | 2025-04-09      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC         | Lumen Technologies Inc                                       | CUSIP: 156700BD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    240000 | PA      | $162516.00    | 1.21%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN       | 1011778 BC ULC / New Red Finance Inc                         | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    200000 | PA      | $178497.50    | 1.33%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WESCO AIRCRAFT HOLDINGS        | Wesco Aircraft Holdings Inc                                  | CUSIP: 97789LAC0<br>LEI: 529900P5VTXZS191P208 | Long             | DBT              | CORP              | US        |    198000 | PA      | $98010.00     | 0.73%             | 2024-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP               | Lamar Media Corp                                             | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $180750.00    | 1.35%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    195000 | PA      | $144999.08    | 1.08%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP          | Encompass Health Corp                                        | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    220000 | PA      | $189865.50    | 1.42%             | 2031-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC              | American Builders & Contractors Supply Co Inc                | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    200000 | PA      | $181002.00    | 1.35%             | 2028-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL        | MPT Operating Partnership LP / MPT Finance Corp              | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $170760.00    | 1.27%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC         | Energizer Holdings Inc                                       | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    200000 | PA      | $170144.00    | 1.27%             | 2029-03-31      | Fixed         | 4.38%                 | 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        |    200000 | PA      | $189000.00    | 1.41%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                  | TransDigm Inc                                                | CUSIP: 893647BB2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196426.00    | 1.47%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP            | Buckeye Partners LP                                          | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    200000 | PA      | $177500.00    | 1.32%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SM Energy Co                   | SM Energy Co                                                 | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196000.00    | 1.46%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN             | Seagate HDD Cayman                                           | CUSIP: 81180WBD2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    210000 | PA      | $164180.01    | 1.23%             | 2031-01-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE       | Compass Group Diversified Holdings LLC                       | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    170000 | PA      | $148620.80    | 1.11%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN       | Hilton Domestic Operating Co Inc                             | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185080.00    | 1.38%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS        | Frontier Communications Holdings LLC                         | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $178000.00    | 1.33%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                      | Block Inc                                                    | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    200000 | PA      | $162302.00    | 1.21%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL               | MGM Resorts International                                    | CUSIP: 552953CD1<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    154000 | PA      | $142073.79    | 1.06%             | 2026-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT        | Six Flags Entertainment Corp                                 | CUSIP: 83001AAB8<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194407.00    | 1.45%             | 2024-07-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC            | Gray Television Inc                                          | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    205000 | PA      | $151677.45    | 1.13%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                       | Ziggo BV                                                     | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $170000.00    | 1.27%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD       | Moss Creek Resources Holdings Inc                            | CUSIP: 61965RAB1<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196654.00    | 1.47%             | 2027-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HLDGS        | AMC Entertainment Holdings Inc                               | CUSIP: 00165CAP9<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |    355000 | PA      | $132667.05    | 0.99%             | 2026-06-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ENDO DAC/FIN LLC/FINCO         | Endo Dac / Endo Finance LLC / Endo Finco Inc                 | CUSIP: 29273DAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    145000 | PA      | $6977.40      | 0.05%             | 2028-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC          | Level 3 Financing Inc                                        | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    200000 | PA      | $144634.84    | 1.08%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD            | NCL Corp Ltd                                                 | CUSIP: 62886HAP6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    210000 | PA      | $183246.00    | 1.37%             | 2024-12-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                 | Bombardier Inc                                               | CUSIP: 097751BV2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    205000 | PA      | $201410.45    | 1.50%             | 2026-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| KAR Auction Services Inc       | KAR Auction Services Inc                                     | CUSIP: 48238TAA7<br>LEI: 5493004HKD20LBSG7D03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194444.35    | 1.45%             | 2025-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA       | Altice France Holding SA                                     | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    210000 | PA      | $140824.00    | 1.05%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc       | Allison Transmission Inc                                     | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189048.16    | 1.41%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                   | Navient Corp                                                 | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    200000 | PA      | $163378.03    | 1.22%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG               | Organon & Co / Organon Foreign Debt Co-Issuer BV             | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $179996.00    | 1.34%             | 2028-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Staples Inc                    | Staples Inc                                                  | CUSIP: 855030AN2<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    205000 | PA      | $182887.68    | 1.37%             | 2026-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Range Resources Corp           | Range Resources Corp                                         | CUSIP: 75281AAS8<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193808.00    | 1.45%             | 2025-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                    | Chemours Co/The                                              | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    200000 | PA      | $181000.00    | 1.35%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS       | Univision Communications Inc                                 | CUSIP: 914906AS1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193000.00    | 1.44%             | 2025-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN       | USA Compression Partners LP / USA Compression Finance Corp   | CUSIP: 91740PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $191500.00    | 1.43%             | 2026-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP             | Howard Hughes Corp/The                                       | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $164926.09    | 1.23%             | 2029-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN       | 1011778 BC ULC / New Red Finance Inc                         | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    200000 | PA      | $168432.00    | 1.26%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC             | Kennedy-Wilson Inc                                           | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    200000 | PA      | $162350.00    | 1.21%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH             | Cerdia Finanz GmbH                                           | CUSIP: 15679GAA0<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $162155.78    | 1.21%             | 2027-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I       | Performance Food Group Inc                                   | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193000.00    | 1.44%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS       | Cheniere Energy Partners LP                                  | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    210000 | PA      | $192780.00    | 1.44%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA        | Atlantica Sustainable Infrastructure PLC                     | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $176305.03    | 1.32%             | 2028-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | Occidental Petroleum Corp                                    | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     90000 | PA      | $98550.00     | 0.74%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MSCI INC                       | MSCI Inc                                                     | CUSIP: 55354GAH3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    200000 | PA      | $176606.00    | 1.32%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                         | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    210000 | PA      | $175392.00    | 1.31%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DANA INC                       | Dana Inc                                                     | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184000.00    | 1.37%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC            | Delta Air Lines Inc                                          | CUSIP: 247361ZT8<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    210000 | PA      | $179804.10    | 1.34%             | 2029-10-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                   | Novelis Corp                                                 | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    200000 | PA      | $177819.65    | 1.33%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO       | Clear Channel Outdoor Holdings Inc                           | CUSIP: 18453HAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $122934.00    | 0.92%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS       | Ferrellgas LP / Ferrellgas Finance Corp                      | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $184000.00    | 1.37%             | 2026-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| QVC INC                        | QVC Inc                                                      | CUSIP: 747262AY9<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    210000 | PA      | $157639.65    | 1.18%             | 2027-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** ALLSPRING MASTER TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer