# EDGAR Filing Document

**Accession Number:** 0001087961
**File Stem:** 0001410368-26-032017
**Filing Date:** 2026-3
**Character Count:** 102442
**Document Hash:** 7bb8d12c58353e80bbaef5c60c488935
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-032017.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0001410368-26-032017

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING MASTER TRUST
- **CENTRAL INDEX KEY:** 0001087961

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09689
- **FILM NUMBER:** 26796815

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO 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 Macro Strategies Portfolio (Series ID: S000083918)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000248008 | Allspring Macro Strategies Portfolio |  |

## Nport-Ex

Consolidated portfolio of investments—January 31, 2026 (unaudited)

Consolidated portfolio of investments

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

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Common stocks: 10.20%** |  |  |
| **Real estate: 10.20%** |  |  |
| **Health care REITs: 1.25%** |  |  |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. | 4059 | &nbsp;&nbsp; $221784 |
| &nbsp;&nbsp;&nbsp; Welltower, Inc. | 12311 | &nbsp;&nbsp; 2318900 |
|  |  | &nbsp;&nbsp; **2540684** |
| **Industrial REITs: 1.94%** |  |  |
| &nbsp;&nbsp;&nbsp; First Industrial Realty Trust, Inc. | 10999 | &nbsp;&nbsp; 638272 |
| &nbsp;&nbsp;&nbsp; Prologis, Inc. | 16231 | &nbsp;&nbsp; 2119119 |
| &nbsp;&nbsp;&nbsp; Rexford Industrial Realty, Inc. | 10657 | &nbsp;&nbsp; 431928 |
| &nbsp;&nbsp;&nbsp; Terreno Realty Corp. | 12362 | &nbsp;&nbsp; 760758 |
|  |  | &nbsp;&nbsp; **3950077** |
| **Residential REITs: 2.06%** |  |  |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent Class A | 18738 | &nbsp;&nbsp; 586874 |
| &nbsp;&nbsp;&nbsp; Camden Property Trust | 5793 | &nbsp;&nbsp; 631727 |
| &nbsp;&nbsp;&nbsp; Equity LifeStyle Properties, Inc. | 10136 | &nbsp;&nbsp; 640291 |
| &nbsp;&nbsp;&nbsp; Independence Realty Trust, Inc. | 22985 | &nbsp;&nbsp; 383850 |
| &nbsp;&nbsp;&nbsp; Invitation Homes, Inc. | 22447 | &nbsp;&nbsp; 600008 |
| &nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc. | 5345 | &nbsp;&nbsp; 717833 |
| &nbsp;&nbsp;&nbsp; Sun Communities, Inc. | 5030 | &nbsp;&nbsp; 640973 |
|  |  | &nbsp;&nbsp; **4201556** |
| **Retail REITs: 0.70%** |  |  |
| &nbsp;&nbsp;&nbsp; Federal Realty Investment Trust | 3014 | &nbsp;&nbsp; 304896 |
| &nbsp;&nbsp;&nbsp; Simon Property Group, Inc. | 5815 | &nbsp;&nbsp; 1112468 |
|  |  | &nbsp;&nbsp; **1417364** |
| **Specialized REITs: 4.25%** |  |  |
| &nbsp;&nbsp;&nbsp; American Tower Corp. | 9808 | &nbsp;&nbsp; 1758378 |
| &nbsp;&nbsp;&nbsp; Crown Castle, Inc. | 5271 | &nbsp;&nbsp; 457576 |
| &nbsp;&nbsp;&nbsp; CubeSmart | 10774 | &nbsp;&nbsp; 404348 |
| &nbsp;&nbsp;&nbsp; Equinix, Inc. | 2379 | &nbsp;&nbsp; 1952992 |
| &nbsp;&nbsp;&nbsp; Extra Space Storage, Inc. | 6747 | &nbsp;&nbsp; 930884 |
| &nbsp;&nbsp;&nbsp; Four Corners Property Trust, Inc. | 10862 | &nbsp;&nbsp; 267748 |
| &nbsp;&nbsp;&nbsp; Gaming & Leisure Properties, Inc. | 7953 | &nbsp;&nbsp; 355897 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc. | 9963 | &nbsp;&nbsp; 917891 |
| &nbsp;&nbsp;&nbsp; SBA Communications Corp. Class A | 4772 | &nbsp;&nbsp; 878573 |
| &nbsp;&nbsp;&nbsp; VICI Properties, Inc. Class A | 26281 | &nbsp;&nbsp; 737971 |
|  |  | &nbsp;&nbsp; **8662258** |
| **Total common stocks (Cost $20,316,188)** |  | &nbsp;&nbsp; **20771939** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal |  |
| **U.S. Treasury securities: 39.86%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TIPS | 0.13<br> %<br>| &nbsp;&nbsp; 4-15-2027 | $126276 | &nbsp;&nbsp; 124984 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.13 | &nbsp;&nbsp; 1-15-2030 | 1870773 | &nbsp;&nbsp; 1794679 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.13 | &nbsp;&nbsp; 1-15-2031 | 4681614 | &nbsp;&nbsp; 4417037 |

---

See accompanying consolidated notes to portfolio of investments

Allspring Macro Strategies Portfolio \| 1

------

Consolidated portfolio of investments—January 31, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **U.S. Treasury securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TIPS | 0.13<br> %<br>| &nbsp;&nbsp; 7-15-2031 | $7630809 | &nbsp;&nbsp; $7156565 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.13 | &nbsp;&nbsp; 1-15-2032 | 7629421 | &nbsp;&nbsp; 7053078 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.13 | &nbsp;&nbsp; 2-15-2052 | 5518972 | &nbsp;&nbsp; 2906567 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.25 | &nbsp;&nbsp; 7-15-2029 | 2382186 | &nbsp;&nbsp; 2322132 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.38 | &nbsp;&nbsp; 1-15-2027 | 120761 | &nbsp;&nbsp; 120234 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.38 | &nbsp;&nbsp; 7-15-2027 | 1192509 | &nbsp;&nbsp; 1188731 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.50 | &nbsp;&nbsp; 1-15-2028 | 7043094 | &nbsp;&nbsp; 6984846 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.63 | &nbsp;&nbsp; 7-15-2032 | 122711 | &nbsp;&nbsp; 116304 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.63 | &nbsp;&nbsp; 2-15-2043 | 10601470 | &nbsp;&nbsp; 7916517 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.75 | &nbsp;&nbsp; 7-15-2028 | 116212 | &nbsp;&nbsp; 115983 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.75 | &nbsp;&nbsp; 2-15-2045 | 144524 | &nbsp;&nbsp; 105458 |
| &nbsp;&nbsp;&nbsp; TIPS | 0.88 | &nbsp;&nbsp; 2-15-2047 | 214835 | &nbsp;&nbsp; 154793 |
| &nbsp;&nbsp;&nbsp; TIPS | 1.13 | &nbsp;&nbsp; 1-15-2033 | 1702892 | &nbsp;&nbsp; 1649427 |
| &nbsp;&nbsp;&nbsp; TIPS | 1.25 | &nbsp;&nbsp; 4-15-2028 | 108059 | &nbsp;&nbsp; 108589 |
| &nbsp;&nbsp;&nbsp; TIPS | 1.50 | &nbsp;&nbsp; 2-15-2053 | 1668297 | &nbsp;&nbsp; 1297662 |
| &nbsp;&nbsp;&nbsp; TIPS | 1.63 | &nbsp;&nbsp; 10-15-2027 | 120358 | &nbsp;&nbsp; 122240 |
| &nbsp;&nbsp;&nbsp; TIPS | 1.63 | &nbsp;&nbsp; 10-15-2029 | 103008 | &nbsp;&nbsp; 105071 |
| &nbsp;&nbsp;&nbsp; TIPS | 1.75 | &nbsp;&nbsp; 1-15-2028 | 123772 | &nbsp;&nbsp; 125714 |
| &nbsp;&nbsp;&nbsp; TIPS | 1.75 | &nbsp;&nbsp; 1-15-2034 | 1470930 | &nbsp;&nbsp; 1474002 |
| &nbsp;&nbsp;&nbsp; TIPS | 1.88 | &nbsp;&nbsp; 7-15-2034 | 800536 | &nbsp;&nbsp; 809756 |
| &nbsp;&nbsp;&nbsp; TIPS | 2.13 | &nbsp;&nbsp; 1-15-2035 | 7815850 | &nbsp;&nbsp; 8006620 |
| &nbsp;&nbsp;&nbsp; TIPS | 2.38 | &nbsp;&nbsp; 1-15-2027 | 4950268 | &nbsp;&nbsp; 5022100 |
| &nbsp;&nbsp;&nbsp; TIPS | 2.38 | &nbsp;&nbsp; 10-15-2028 | 6613812 | &nbsp;&nbsp; 6871317 |
| &nbsp;&nbsp;&nbsp; TIPS | 3.63 | &nbsp;&nbsp; 4-15-2028 | 7013895 | &nbsp;&nbsp; 7410768 |
| &nbsp;&nbsp;&nbsp; TIPS | 3.88 | &nbsp;&nbsp; 4-15-2029 | 1399857 | &nbsp;&nbsp; 1519978 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes | 1.88 | &nbsp;&nbsp; 7-15-2035 | 4214329 | &nbsp;&nbsp; 4227377 |
| **Total U.S. Treasury securities (Cost $80,982,864)** |  |  |  | &nbsp;&nbsp; **81228529** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 30.62%** |  |  |  |  |
| **Investment companies: 30.62%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞\* |  | 3.63 | 62399675 | &nbsp;&nbsp; **62399675** |
| **Total short-term investments (Cost $62,399,675)** |  |  |  | &nbsp;&nbsp; **62399675** |
| **Total investments in securities (Cost $163,698,727)** | 80.68<br> %<br>|  |  | &nbsp;&nbsp; 164400143 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | 19.32 |  |  | &nbsp;&nbsp; 39363562 |
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$203763705** |

---

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

---

| | |
|:---|:---|
| ♠ | 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. |
| \* | A portion of the holding represents an investment held in Macro Strategies Special Investments (Cayman) Ltd., the consolidated entity. |

---

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

Abbreviations: <br> REIT Real estate investment trust <br> TIPS Treasury Inflation-Protected Securities

See accompanying consolidated notes to portfolio of investments

2 \| Allspring Macro Strategies Portfolio

------

Consolidated portfolio of investments—January 31, 2026 (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<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>| $55705784 | $194409424 | $(187715533)<br>| $0 | $0 | $62399675 | 62399675 | $1534751 |

---

**Forward foreign currency contracts** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency to be <br>received | Currency to be <br>received | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| AUD | 11128000 | USD | 7382371 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; $365805 | &nbsp;&nbsp;&nbsp; $0 |
| USD | 663 | AUD | 1000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (33)<br>|
| AUD | 1693000 | USD | 1139668 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 39129 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 357 | BRL | 2000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (19)<br>|
| BRL | 43281000 | USD | 7728750 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 414617 | &nbsp;&nbsp;&nbsp; 0 |
| BRL | 3327000 | USD | 609129 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 16850 | &nbsp;&nbsp;&nbsp; 0 |
| CAD | 8676000 | USD | 6289254 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 94320 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 725 | CAD | 1000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (11)<br>|
| USD | 7148539 | CAD | 9831000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (84854)<br>|
| CHF | 1363000 | USD | 1715592 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 55702 | &nbsp;&nbsp;&nbsp; 0 |
| CHF | 732000 | USD | 927988 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 23286 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 396 | CLP | 365000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (22)<br>|
| CLP | 4420554000 | USD | 4789592 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 267750 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 500145 | CLP | 446980000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (11223)<br>|
| CZK | 150312000 | USD | 7229663 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 94027 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 866 | CZK | 18000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (11)<br>|
| EUR | 4966000 | USD | 5807821 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 90559 | &nbsp;&nbsp;&nbsp; 0 |
| EUR | 1738000 | USD | 2039557 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 24757 | &nbsp;&nbsp;&nbsp; 0 |
| GBP | 8827000 | USD | 11753751 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 324022 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 2636411 | GBP | 1954000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (37200)<br>|
| USD | 395 | HUF | 131000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (11)<br>|
| HUF | 2835551000 | USD | 8552628 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 233188 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 375 | INR | 34000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 18173828 | INR | 1647512000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 313255 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 2430696 | INR | 220345000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 41950 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 9534526 | JPY | 1479461000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (60463)<br>|
| USD | 387 | JPY | 60000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (2)<br>|
| JPY | 149130000 | USD | 958249 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 8929 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 11259261 | KRW | 16495876000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (219518)<br>|
| USD | 383 | KRW | 561000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (7)<br>|
| USD | 2001679 | KRW | 2894032000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (12155)<br>|
| USD | 381 | MXN | 7000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (18)<br>|
| MXN | 142991000 | USD | 7783331 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 367057 | &nbsp;&nbsp;&nbsp; 0 |
| MXN | 26307000 | USD | 1454879 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 44602 | &nbsp;&nbsp;&nbsp; 0 |
| NOK | 36224000 | USD | 3563668 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 196949 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 394 | NOK | 4000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (22)<br>|
| NOK | 24358000 | USD | 2425605 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 103136 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 1280458 | NZD | 2209000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (51701)<br>|

---

See accompanying consolidated notes to portfolio of investments

Allspring Macro Strategies Portfolio \| 3

------

Consolidated portfolio of investments—January 31, 2026 (unaudited)

**Forward foreign currency contracts** (continued)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency to be<br> received | Currency to be<br> received | &nbsp;&nbsp;&nbsp; Currency to be<br> delivered | &nbsp;&nbsp;&nbsp; Currency to be<br> delivered | Counterparty | &nbsp;&nbsp;&nbsp; Settlement<br> date<br>| &nbsp;&nbsp; Unrealized<br> gains<br>| &nbsp;&nbsp; Unrealized<br> losses<br>|
| USD | 580 | NZD | 1000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $(23)<br>|
| NZD | 16547000 | USD | 9594943 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 383884 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 275 | PLN | 1000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (6)<br>|
| PLN | 25148000 | USD | 6919176 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 158129 | &nbsp;&nbsp;&nbsp; 0 |
| PLN | 2133000 | USD | 592249 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 8034 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 431 | SEK | 4000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (19)<br>|
| SEK | 52923000 | USD | 5707276 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 247043 | &nbsp;&nbsp;&nbsp; 0 |
| SEK | 12539000 | USD | 1366430 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 44321 | &nbsp;&nbsp;&nbsp; 0 |
| ZAR | 130614000 | USD | 7632538 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 427567 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 409 | ZAR | 7000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (23)<br>|
| USD | 524169 | ZAR | 8631000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (8444)<br>|
| USD | 6707527 | IDR | 112229000000 | Morgan Stanley, Inc. | 3-25-2026 | &nbsp;&nbsp;&nbsp; 26436 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 390 | IDR | 6526000 | Morgan Stanley, Inc. | 3-25-2026 | &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; 0 |
| IDR | 59093943000 | USD | 3524125 | Morgan Stanley, Inc. | 3-25-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (6211)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; **$4415312** | &nbsp;&nbsp;&nbsp; **$(491996)**<br>|

---

**Futures contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp; Notional <br>cost<br>| &nbsp;&nbsp; Notional <br>value<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| **Long** |  |  |  |  |  |  |
| &nbsp;&nbsp; LME Lead Futures\*\* | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 2-16-2026 | &nbsp;&nbsp; $2884597 | &nbsp;&nbsp; $2862213 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $(22384)<br>|
| &nbsp;&nbsp; LME Nickel Futures\*\* | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 2-16-2026 | &nbsp;&nbsp; 976308 | &nbsp;&nbsp; 960331 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (15977)<br>|
| &nbsp;&nbsp; LME Zinc Futures\*\* | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 2-16-2026 | &nbsp;&nbsp; 1410657 | &nbsp;&nbsp; 1445735 | &nbsp;&nbsp; 35078 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Volatility Index | &nbsp;&nbsp; 750 | &nbsp;&nbsp; 2-18-2026 | &nbsp;&nbsp; 14747416 | &nbsp;&nbsp; 14283600 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (463816)<br>|
| &nbsp;&nbsp; CAC 40 Index | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 2-20-2026 | &nbsp;&nbsp; 9424592 | &nbsp;&nbsp; 9162367 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (262225)<br>|
| &nbsp;&nbsp; Light Sweet Crude Oil Futures\*\* | &nbsp;&nbsp; 196 | &nbsp;&nbsp; 2-20-2026 | &nbsp;&nbsp; 11626179 | &nbsp;&nbsp; 12781160 | &nbsp;&nbsp; 1154981 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; OMX Stockholm 30 Index | &nbsp;&nbsp; 260 | &nbsp;&nbsp; 2-20-2026 | &nbsp;&nbsp; 8812119 | &nbsp;&nbsp; 8835476 | &nbsp;&nbsp; 23357 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Henry Hub Natural Gas Futures\*\* | &nbsp;&nbsp; 173 | &nbsp;&nbsp; 2-25-2026 | &nbsp;&nbsp; 5155797 | &nbsp;&nbsp; 7532420 | &nbsp;&nbsp; 2376623 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Brent Crude Oil Futures\*\* | &nbsp;&nbsp; 158 | &nbsp;&nbsp; 2-27-2026 | &nbsp;&nbsp; 10251830 | &nbsp;&nbsp; 10952560 | &nbsp;&nbsp; 700730 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; NY Harbor ULSD Futures\*\* | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 2-27-2026 | &nbsp;&nbsp; 2052111 | &nbsp;&nbsp; 2234106 | &nbsp;&nbsp; 181995 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reformulated Gasoline Blendstock for Oxygen Blending <br> Futures\*\*<br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 2-27-2026 | &nbsp;&nbsp; 776335 | &nbsp;&nbsp; 815724 | &nbsp;&nbsp; 39389 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; 10-Year Euro BUND Index | &nbsp;&nbsp; 131 | &nbsp;&nbsp; 3-6-2026 | &nbsp;&nbsp; 19913261 | &nbsp;&nbsp; 19902339 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (10922)<br>|
| &nbsp;&nbsp; French Government Bond | &nbsp;&nbsp; 84 | &nbsp;&nbsp; 3-6-2026 | &nbsp;&nbsp; 12063452 | &nbsp;&nbsp; 12140492 | &nbsp;&nbsp; 77040 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Gas Oil Futures\*\* | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 3-12-2026 | &nbsp;&nbsp; 1106719 | &nbsp;&nbsp; 1240150 | &nbsp;&nbsp; 133431 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; TOPIX Index | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 3-12-2026 | &nbsp;&nbsp; 2715606 | &nbsp;&nbsp; 2773585 | &nbsp;&nbsp; 57979 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Soybean Oil Futures\*\* | &nbsp;&nbsp; 194 | &nbsp;&nbsp; 3-13-2026 | &nbsp;&nbsp; 5859885 | &nbsp;&nbsp; 6228564 | &nbsp;&nbsp; 368679 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; 10-Year Australian Bond | &nbsp;&nbsp; 705 | &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; 53910347 | &nbsp;&nbsp; 53585580 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (324767)<br>|
| &nbsp;&nbsp; Australian Dollar Futures | &nbsp;&nbsp; 194 | &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; 12912954 | &nbsp;&nbsp; 13525680 | &nbsp;&nbsp; 612726 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; LME Copper Futures\*\* | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; 3594027 | &nbsp;&nbsp; 3608094 | &nbsp;&nbsp; 14067 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; LME Lead Futures\*\* | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; 359435 | &nbsp;&nbsp; 348446 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (10989)<br>|
| &nbsp;&nbsp; LME Nickel Futures\*\* | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; 1208277 | &nbsp;&nbsp; 1178160 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (30117)<br>|
| &nbsp;&nbsp; LME Primary Aluminum Futures\*\* | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; 4096873 | &nbsp;&nbsp; 4079283 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (17590)<br>|
| &nbsp;&nbsp; LME Zinc Futures\*\* | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; 2019586 | &nbsp;&nbsp; 2047140 | &nbsp;&nbsp; 27554 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; S&P ASX Share Price Index 200 | &nbsp;&nbsp; 68 | &nbsp;&nbsp; 3-19-2026 | &nbsp;&nbsp; 10210340 | &nbsp;&nbsp; 10449362 | &nbsp;&nbsp; 239022 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; S&P/TSX 60 Index | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 3-19-2026 | &nbsp;&nbsp; 10073377 | &nbsp;&nbsp; 10068652 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (4725)<br>|
| &nbsp;&nbsp; 10-Year Canadian Bond | &nbsp;&nbsp; 205 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 18477810 | &nbsp;&nbsp; 18228913 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (248897)<br>|
| &nbsp;&nbsp; 10-Year U.S. Treasury Notes | &nbsp;&nbsp; 356 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 40168197 | &nbsp;&nbsp; 39810813 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (357384)<br>|
| &nbsp;&nbsp; DAX Index | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 7227699 | &nbsp;&nbsp; 7294641 | &nbsp;&nbsp; 66942 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; E-Mini NASDAQ 100 Index | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 13749577 | &nbsp;&nbsp; 13861800 | &nbsp;&nbsp; 112223 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; E-Mini Russell 2000 Index | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 1672547 | &nbsp;&nbsp; 1705990 | &nbsp;&nbsp; 33443 | &nbsp;&nbsp; 0 |

---

See accompanying consolidated notes to portfolio of investments

4 \| Allspring Macro Strategies Portfolio

------

Consolidated portfolio of investments—January 31, 2026 (unaudited)

**Futures contracts** (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp; Number of<br> contracts<br>| &nbsp;&nbsp; Expiration<br> date<br>| &nbsp;&nbsp; Notional<br> cost<br>| &nbsp;&nbsp; Notional<br> value<br>| &nbsp;&nbsp; Unrealized<br> gains<br>| &nbsp;&nbsp; Unrealized<br> losses<br>|
| **Long** (continued) |  |  |  |  |  |  |
| &nbsp;&nbsp; E-Mini S&P 500 Index | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; $1722186 | &nbsp;&nbsp; $1741438 | &nbsp;&nbsp; $19252 | &nbsp;&nbsp; $0 |
| &nbsp;&nbsp; Euro STOXX 50 Index | &nbsp;&nbsp; 357 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 24419698 | &nbsp;&nbsp; 25182834 | &nbsp;&nbsp; 763136 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; FTSE 100 Index | &nbsp;&nbsp; 91 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 12201890 | &nbsp;&nbsp; 12687953 | &nbsp;&nbsp; 486063 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; MSCI Emerging Markets Index | &nbsp;&nbsp; 426 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 29705007 | &nbsp;&nbsp; 32393040 | &nbsp;&nbsp; 2688033 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Long Gilt Futures | &nbsp;&nbsp; 269 | &nbsp;&nbsp; 3-27-2026 | &nbsp;&nbsp; 33416907 | &nbsp;&nbsp; 33440635 | &nbsp;&nbsp; 23728 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Silver Futures\*\* | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 3-27-2026 | &nbsp;&nbsp; 7629793 | &nbsp;&nbsp; 7460445 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (169348)<br>|
| &nbsp;&nbsp; 2-Year U.S. Treasury Notes | &nbsp;&nbsp; 711 | &nbsp;&nbsp; 3-31-2026 | &nbsp;&nbsp; 148349956 | &nbsp;&nbsp; 148237946 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (112010)<br>|
| &nbsp;&nbsp; 5-Year U.S. Treasury Notes | &nbsp;&nbsp; 990 | &nbsp;&nbsp; 3-31-2026 | &nbsp;&nbsp; 108042005 | &nbsp;&nbsp; 107840391 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (201614)<br>|
| &nbsp;&nbsp; Lean Hogs Futures\*\* | &nbsp;&nbsp; 133 | &nbsp;&nbsp; 4-15-2026 | &nbsp;&nbsp; 5061212 | &nbsp;&nbsp; 5061980 | &nbsp;&nbsp; 768 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Live Cattle Futures\*\* | &nbsp;&nbsp; 98 | &nbsp;&nbsp; 4-30-2026 | &nbsp;&nbsp; 9313580 | &nbsp;&nbsp; 9282560 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (31020)<br>|
| &nbsp;&nbsp; C Coffee Futures\*\* | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 5-18-2026 | &nbsp;&nbsp; 1911406 | &nbsp;&nbsp; 1892100 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (19306)<br>|
| **Short** |  |  |  |  |  |  |
| &nbsp;&nbsp; LME Lead Futures\*\* | &nbsp;&nbsp; (58)<br>| &nbsp;&nbsp; 2-16-2026 | &nbsp;&nbsp; (2889311)<br>| &nbsp;&nbsp; (2862213)<br>| &nbsp;&nbsp; 27098 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; LME Nickel Futures\*\* | &nbsp;&nbsp; (9)<br>| &nbsp;&nbsp; 2-16-2026 | &nbsp;&nbsp; (980105)<br>| &nbsp;&nbsp; (960331)<br>| &nbsp;&nbsp; 19774 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; LME Zinc Futures\*\* | &nbsp;&nbsp; (17)<br>| &nbsp;&nbsp; 2-16-2026 | &nbsp;&nbsp; (1438079)<br>| &nbsp;&nbsp; (1445735)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (7656)<br>|
| &nbsp;&nbsp; Number 11 World Sugar Futures\*\* | &nbsp;&nbsp; (74)<br>| &nbsp;&nbsp; 2-27-2026 | &nbsp;&nbsp; (1218261)<br>| &nbsp;&nbsp; (1182698)<br>| &nbsp;&nbsp; 35563 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Number 2 Cotton Futures\*\* | &nbsp;&nbsp; (170)<br>| &nbsp;&nbsp; 3-9-2026 | &nbsp;&nbsp; (5568009)<br>| &nbsp;&nbsp; (5369450)<br>| &nbsp;&nbsp; 198559 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; 10-Year Japanese Bond | &nbsp;&nbsp; (79)<br>| &nbsp;&nbsp; 3-13-2026 | &nbsp;&nbsp; (67696442)<br>| &nbsp;&nbsp; (67182670)<br>| &nbsp;&nbsp; 513772 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Corn Futures\*\* | &nbsp;&nbsp; (99)<br>| &nbsp;&nbsp; 3-13-2026 | &nbsp;&nbsp; (2209664)<br>| &nbsp;&nbsp; (2119838)<br>| &nbsp;&nbsp; 89826 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Hard Red Winter Wheat Futures\*\* | &nbsp;&nbsp; (325)<br>| &nbsp;&nbsp; 3-13-2026 | &nbsp;&nbsp; (8534848)<br>| &nbsp;&nbsp; (8852188)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (317340)<br>|
| &nbsp;&nbsp; Soybean Futures\*\* | &nbsp;&nbsp; (51)<br>| &nbsp;&nbsp; 3-13-2026 | &nbsp;&nbsp; (2716189)<br>| &nbsp;&nbsp; (2713838)<br>| &nbsp;&nbsp; 2351 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Soybean Meal Futures\*\* | &nbsp;&nbsp; (202)<br>| &nbsp;&nbsp; 3-13-2026 | &nbsp;&nbsp; (6259820)<br>| &nbsp;&nbsp; (5930720)<br>| &nbsp;&nbsp; 329100 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Wheat Futures\*\* | &nbsp;&nbsp; (29)<br>| &nbsp;&nbsp; 3-13-2026 | &nbsp;&nbsp; (775686)<br>| &nbsp;&nbsp; (780100)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (4414)<br>|
| &nbsp;&nbsp; British Pound Futures | &nbsp;&nbsp; (255)<br>| &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; (21363413)<br>| &nbsp;&nbsp; (21829594)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (466181)<br>|
| &nbsp;&nbsp; Cocoa Futures\*\* | &nbsp;&nbsp; (50)<br>| &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; (2986574)<br>| &nbsp;&nbsp; (2082500)<br>| &nbsp;&nbsp; 904074 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Euro Futures | &nbsp;&nbsp; (117)<br>| &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; (17138214)<br>| &nbsp;&nbsp; (17393512)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (255298)<br>|
| &nbsp;&nbsp; LME Copper Futures\*\* | &nbsp;&nbsp; (20)<br>| &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; (5741289)<br>| &nbsp;&nbsp; (6560170)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (818881)<br>|
| &nbsp;&nbsp; LME Lead Futures\*\* | &nbsp;&nbsp; (48)<br>| &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; (2388850)<br>| &nbsp;&nbsp; (2389344)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (494)<br>|
| &nbsp;&nbsp; LME Nickel Futures\*\* | &nbsp;&nbsp; (5)<br>| &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; (535456)<br>| &nbsp;&nbsp; (535527)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (71)<br>|
| &nbsp;&nbsp; LME Primary Aluminum Futures\*\* | &nbsp;&nbsp; (7)<br>| &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; (556666)<br>| &nbsp;&nbsp; (549134)<br>| &nbsp;&nbsp; 7532 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; LME Zinc Futures\*\* | &nbsp;&nbsp; (3)<br>| &nbsp;&nbsp; 3-16-2026 | &nbsp;&nbsp; (255862)<br>| &nbsp;&nbsp; (255893)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (31)<br>|
| &nbsp;&nbsp; Ultra 10-Year U.S. Treasury Notes | &nbsp;&nbsp; (301)<br>| &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; (34492107)<br>| &nbsp;&nbsp; (34361031)<br>| &nbsp;&nbsp; 131076 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Ultra U.S. Treasury Bond | &nbsp;&nbsp; (404)<br>| &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; (48049449)<br>| &nbsp;&nbsp; (47444750)<br>| &nbsp;&nbsp; 604699 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; Gold 100 Troy Ounces Futures\*\* | &nbsp;&nbsp; (20)<br>| &nbsp;&nbsp; 4-28-2026 | &nbsp;&nbsp; (10450735)<br>| &nbsp;&nbsp; (9490200)<br>| &nbsp;&nbsp; 960535 | &nbsp;&nbsp; 0 |
|  |  |  |  |  | &nbsp;&nbsp; **$14060198** | &nbsp;&nbsp; **$(4173457)**<br>|

---

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

\*\* Represents an investment held in Macro Strategies Special Investments (Cayman) Ltd., the consolidated entity.

See accompanying consolidated notes to portfolio of investments

Allspring Macro Strategies Portfolio \| 5

------

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

Notes to consolidated portfolio of investments

Investment in subsidiary

The Portfolio invests in direct or indirect investments in various derivatives, including commodity-linked derivatives, through Macro Strategies Special Investments (Cayman) Ltd. (the "Subsidiary"), a wholly owned subsidiary incorporated on November 21, 2023 under the laws of the Cayman Islands as an exempted segregated portfolio company with limited liability. As of January 31, 2026, the Subsidiary had $53,878,555 of investments in affiliates and cash at broker segregated for futures contacts representing 104.08% of its net assets. As of January 31, 2026, the Portfolio held $51,766,432 in the Subsidiary, representing 34.06% of the Portfolio's net assets prior to consolidation. The consolidated net assets of the Portfolio includes the Subsidiary. The Consolidated portfolio of investments includes positions of the Portfolio and the Subsidiary.

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.

Equity securities, exchange-traded funds and futures contracts that are listed on a foreign or domestic exchange or market are valued at the official closing price or, if none, the last sales price.

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

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

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

Investments which are not valued using the methods discussed above are valued at their fair value, as determined in good faith by Allspring Funds Management, which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management's process for determining the fair value of the portfolio of investments.

Foreign currency translation

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

Forward foreign currency contracts

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

Futures contracts

Futures contracts are agreements between the Portfolio and a counterparty to buy or sell a specific amount of a commodity, financial instrument or currency at a specified price and on a specified date. The Portfolio may buy and sell futures contracts in order to gain exposure to, or protect against,

6 \| Allspring Macro Strategies Portfolio

------

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

changes in interest rates, security values, commodity prices and foreign exchange rates and is subject to interest rate risk, equity price risk, commodity price risk and foreign currency risk changes in commodity prices and is subject to commodity price risk. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Portfolio and the prices of futures contracts, and the possibility of an illiquid market. Futures contracts are generally entered into on a regulated futures exchange and cleared through a clearinghouse associated with the exchange. With futures contracts, there is minimal counterparty risk to the Portfolio since futures contracts are exchange-traded and the exchange's clearinghouse, as the counterparty to all exchange-traded futures, guarantees the futures contracts against default.

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

Inflation-indexed bonds and TIPS

The Portfolio may invest in inflation-indexed bonds, including Treasury inflation-protected securities (TIPS). Inflation-indexed bonds are fixed income securities whose principal value is periodically adjusted according to the rate of inflation. If the index measuring inflation falls, the principal value of inflation-indexed bonds (other than municipal inflation-indexed bonds and certain corporate inflation-indexed bonds) will be adjusted downward, and consequently the interest payable on these securities (calculated with respect to a smaller principal amount) will be reduced. Repayment of the original bond principal upon maturity (as adjusted for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds. For bonds that do not provide a similar guarantee, the adjusted principal value of the bond repaid at maturity may be less than the original principal. The value of inflation-indexed bonds is expected to change in response to changes in real interest rates. Real interest rates are tied to the relationship between nominal interest rates and the rate of inflation. If nominal interest rates increase at a faster rate than inflation, real interest rates may rise, leading to a decrease in value of inflation-indexed bonds. Inflation-indexed bonds, including TIPS, decline in value when real interest rates rise. In certain interest rate environments, such as when real interest rates are rising faster than nominal interest rates, inflation-indexed bonds may experience greater losses than other fixed income securities with similar durations.

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.

Allspring Macro Strategies Portfolio \| 7

------

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Common stocks** |  |  |  |  |
| *Real estate* | &nbsp;&nbsp; $20771939 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $20771939 |
| **U.S. Treasury securities** | &nbsp;&nbsp; 81228529 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 81228529 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 62399675 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 62399675 |
|  | &nbsp;&nbsp; 164400143 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 164400143 |
| **Forward foreign currency contracts** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 4415312 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 4415312 |
| **Futures contracts** | &nbsp;&nbsp; 14060198 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 14060198 |
| **Total assets** | &nbsp;&nbsp; **$178460341** | &nbsp;&nbsp;&nbsp; **$4415312** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$182875653** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Forward foreign currency contracts** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $491996 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $491996 |
| **Futures contracts** | &nbsp;&nbsp; 4173457 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 4173457 |
| **Total liabilities** | &nbsp;&nbsp; **$4173457** | &nbsp;&nbsp;&nbsp; **$491996** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$4665453** |

---

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

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

As of January 31, 2026, $42,298,678 was segregated as cash collateral for these open futures contracts. The Portfolio also had $4,630,000 segregated as cash collateral for open forward foreign currency contracts.

At January 31, 2026, the Portfolio did not have any transfers into/out of Level 3.

8 \| Allspring Macro Strategies 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:** 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 Macro Strategies Portfolio

- **b. EDGAR series identifier (if any):** S000083918

- **c. LEI of Series:** 254900ZWEHCAMQ28X604

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

- **a. Date of fiscal year-end:** 2026-04-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $204317346.18

**Total Liabilities:** $553586.51

**Net Assets:** $203763759.67

**Cash Not Reported:** $25293937.64

**Currency Risk Metrics (dv01):**

- 

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

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

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248008 | -0.42%               | 0.43%                | 13.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-120070.62              | $38961.68                                  |
| Month 2  | $-0.05                   | $529210.48                                 |
| Month 3  | $0.00                    | $17530255.49                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alexandria Real Estate Equities Inc              | Alexandria Real Estate Equities Inc   | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |      4059 | NS      | $221783.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                            | American Homes 4 Rent                 | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |     18738 | NS      | $586874.16    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                              | American Tower Corp                   | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      9808 | NS      | $1758378.24   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                            | Camden Property Trust                 | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |      5793 | NS      | $631726.65    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                 | Crown Castle Inc                      | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |      5271 | NS      | $457575.51    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                        | CubeSmart                             | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |     10774 | NS      | $404348.22    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD INR              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $6.47         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED CAD / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CA        |         1 | NC      | $94320.49     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD CLP              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-22.11       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD PLN              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-6.29        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED NOK / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | NO        |         1 | NC      | $196949.49    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED ZAR / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | ZA        |         1 | NC      | $427566.74    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED AUD / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | AU        |         1 | NC      | $365805.21    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD NZD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-51700.84    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD INR              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $313254.92    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD BRL              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-19.16       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD MXN              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-17.97       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED EUR / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | XX        |         1 | NC      | $90558.83     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD KRW              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-219518.11   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD IDR              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $26436.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD NZD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-23.40       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED CLP / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CL        |         1 | NC      | $267749.68    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED MXN / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | MX        |         1 | NC      | $367056.93    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD SEK              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-18.68       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED GBP / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | GB        |         1 | NC      | $324021.90    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD JPY              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-60463.06    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED CHF / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CH        |         1 | NC      | $55702.32     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD ZAR              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-22.92       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED SEK / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | SE        |         1 | NC      | $247043.05    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD CAD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-10.87       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD NOK              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-21.75       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD AUD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-32.87       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD HUF              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-10.78       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED CZK / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CZ        |         1 | NC      | $94027.33     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD IDR              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $1.54         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED HUF / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | HU        |         1 | NC      | $233187.54    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED PLN / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | PL        |         1 | NC      | $158128.96    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD CZK              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-11.26       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD KRW              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-7.47        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD JPY              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-2.45        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED BRL / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | BR        |         1 | NC      | $414616.69    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED IDR / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | ID        |         1 | NC      | $-0.04        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED AUD / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | AU        |         1 | NC      | $39129.46     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD INR              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $41949.63     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED CHF / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CH        |         1 | NC      | $23286.29     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD ZAR              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-8444.28     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED SEK / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | SE        |         1 | NC      | $44321.14     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD CLP              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-11222.71    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED IDR / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | ID        |         1 | NC      | $-6211.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD KRW              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-12154.58    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED NZD / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | NZ        |         1 | NC      | $383884.42    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED PLN / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | PL        |         1 | NC      | $8033.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD CAD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-84853.52    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED NOK / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | NO        |         1 | NC      | $103135.94    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED JPY / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | JP        |         1 | NC      | $8928.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED MXN / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | MX        |         1 | NC      | $44601.86     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED BRL / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | BR        |         1 | NC      | $16849.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED EUR / SOLD USD              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | XX        |         1 | NC      | $24757.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD GBP              | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-37200.34    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Equinix Inc                                      | Equinix Inc                           | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |      2379 | NS      | $1952992.47   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                  | Equity LifeStyle Properties Inc       | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |     10136 | NS      | $640291.12    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                          | Extra Space Storage Inc               | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |      6747 | NS      | $930883.59    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust                  | Federal Realty Investment Trust       | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               |  | US        |      3014 | NS      | $304896.24    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc                | First Industrial Realty Trust Inc     | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |     10999 | NS      | $638271.97    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc                  | Four Corners Property Trust Inc       | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               |  | US        |     10862 | NS      | $267748.30    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc                | Gaming and Leisure Properties Inc     | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |      7953 | NS      | $355896.75    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                    | Independence Realty Trust Inc         | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               |  | US        |     22985 | NS      | $383849.50    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                             | Invitation Homes Inc                  | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |     22447 | NS      | $600008.31    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                                | Iron Mountain Inc                     | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |      9963 | NS      | $917891.19    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities Inc            | Mid-America Apartment Communities Inc | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |      5345 | NS      | $717833.50    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                     | Prologis Inc                          | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |     16231 | NS      | $2119119.36   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                    | Rexford Industrial Realty Inc         | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |     10657 | NS      | $431928.21    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                          | SBA Communications Corp               | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |      4772 | NS      | $878572.92    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                         | Simon Property Group Inc              | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |      5815 | NS      | $1112467.65   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                              | Sun Communities Inc                   | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |      5030 | NS      | $640972.90    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                              | Terreno Realty Corp                   | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               |  | US        |     12362 | NS      | $760757.48    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Bonds | CUSIP: 912810FD5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7013895 | PA      | $7410768.25   | 3.64%             | 2028-04-15      | Fixed         | 3.63%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Bonds | CUSIP: 912810FH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1399857 | PA      | $1519978.40   | 0.75%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Bonds | CUSIP: 912810PS1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4950268 | PA      | $5022099.96   | 2.46%             | 2027-01-15      | Fixed         | 2.38%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Bonds | CUSIP: 912810PV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    123772 | PA      | $125713.99    | 0.06%             | 2028-01-15      | Fixed         | 1.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Bonds | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10601470 | PA      | $7916516.56   | 3.89%             | 2043-02-15      | Fixed         | 0.63%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Bonds | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    144524 | PA      | $105457.95    | 0.05%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Bonds | CUSIP: 912810RW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    214835 | PA      | $154792.90    | 0.08%             | 2047-02-15      | Fixed         | 0.88%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Bonds | CUSIP: 912810TE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5518972 | PA      | $2906566.56   | 1.43%             | 2052-02-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Bonds | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1668297 | PA      | $1297661.88   | 0.64%             | 2053-02-15      | Fixed         | 1.50%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1192509 | PA      | $1188730.68   | 0.58%             | 2027-07-15      | Fixed         | 0.38%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7043094 | PA      | $6984845.81   | 3.43%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2382186 | PA      | $2322132.44   | 1.14%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 912828V49<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    120761 | PA      | $120233.64    | 0.06%             | 2027-01-15      | Fixed         | 0.38%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 912828Y38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    116212 | PA      | $115982.83    | 0.06%             | 2028-07-15      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1870773 | PA      | $1794679.17   | 0.88%             | 2030-01-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CBF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4681614 | PA      | $4417037.45   | 2.17%             | 2031-01-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7630809 | PA      | $7156564.86   | 3.51%             | 2031-07-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7629422 | PA      | $7053077.60   | 3.46%             | 2032-01-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    126276 | PA      | $124983.59    | 0.06%             | 2027-04-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    122710 | PA      | $116304.03    | 0.06%             | 2032-07-15      | Fixed         | 0.63%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CFR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    120358 | PA      | $122239.71    | 0.06%             | 2027-10-15      | Fixed         | 1.63%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CGK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1702892 | PA      | $1649427.42   | 0.81%             | 2033-01-15      | Fixed         | 1.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CGW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    108059 | PA      | $108589.05    | 0.05%             | 2028-04-15      | Fixed         | 1.25%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CJH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6613812 | PA      | $6871317.52   | 3.37%             | 2028-10-15      | Fixed         | 2.38%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1470930 | PA      | $1474002.05   | 0.72%             | 2034-01-15      | Fixed         | 1.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CLE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800536 | PA      | $809756.04    | 0.40%             | 2034-07-15      | Fixed         | 1.88%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    103008 | PA      | $105070.53    | 0.05%             | 2029-10-15      | Fixed         | 1.63%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7815850 | PA      | $8006620.48   | 3.93%             | 2035-01-15      | Fixed         | 2.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4214328 | PA      | $4227377.49   | 2.07%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  1 | On Loan: No      |
| VICI Properties Inc                              | VICI Properties Inc                   | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     26281 | NS      | $737970.48    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MACRO STRAT SPE INV CAYMAN LTD                   | MACRO STRAT SPE INV CAYMAN LTD        | CUSIP: 000000000<br>LEI: 254900LR557I7FT7ZU08 | Long             | EC               | RF                | US        |   1587485 | NS      | $51767884.38  | 25.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                    | Welltower Inc                         | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |     12311 | NS      | $2318899.96   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                   | ALLSPRING GOVERNMENT MONEY MAR        | CUSIP: 000000000<br>LEI: 549300GFSYYLVYEWA041 | Long             | STIV             | RF                | US        |  62399675 | NS      | $62399675.48  | 30.62%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | NATURAL GAS FUTR MAR26                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       173 | NC      | $2376622.70   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | BP CURRENCY FUT MAR26                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |      -255 | NC      | $-466180.79   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | WTI CRUDE FUTURE MAR26                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       196 | NC      | $1154981.05   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                           | SUGAR 11 (WORLD) MAR26                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       -74 | NC      | $35562.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | SOYBEAN FUTURE MAR26                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       -51 | NC      | $2351.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                           | COFFEE 'C' FUTURE MAR26               | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        16 | NC      | $-212529.74   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | CORN FUTURE MAR26                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       -99 | NC      | $89826.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | WHEAT FUTURE(CBT) MAR26               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       -29 | NC      | $-4413.99     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME LEAD FUTURE FEB26                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        10 | NC      | $-22130.40    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME LEAD FUTURE FEB26                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -58 | NC      | $27098.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME ZINC FUTURE FEB26                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        14 | NC      | $35093.94     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME ZINC FUTURE FEB26                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        -3 | NC      | $-7581.87     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                               | BRENT CRUDE FUTR APR26                | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       158 | NC      | $700730.06    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | NY HARB ULSD FUT MAR26                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        21 | NC      | $181995.15    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                           | COTTON NO.2 FUTR MAR26                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |      -170 | NC      | $198559.39    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | S+P500 EMINI FUT MAR26                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         5 | NC      | $19252.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Exchange                                   | TOPIX INDX FUTR MAR26                 | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |        12 | NC      | $57978.55     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                | EURO STOXX 50 MAR26                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       357 | NC      | $763135.94    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME PRI ALUM FUTR MAR26               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        52 | NC      | $-17590.33    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME PRI ALUM FUTR MAR26               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        -7 | NC      | $7531.72      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME LEAD FUTURE MAR26                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         7 | NC      | $-10988.78    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME ZINC FUTURE MAR26                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        10 | NC      | $27698.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME COPPER FUTURE MAR26               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        11 | NC      | $14066.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME COPPER FUTURE MAR26               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -20 | NC      | $-818880.80   | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                           | MSCI EMGMKT MAR26                     | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       426 | NC      | $2688033.34   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | AUDUSD CRNCY FUT MAR26                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |       194 | NC      | $612726.11    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                | DAX INDEX FUTURE MAR26                | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        10 | NC      | $66942.38     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | EURO FX CURR FUT MAR26                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |      -117 | NC      | $-255298.01   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME NICKEL FUTURE FEB26               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         4 | NC      | $-15950.68    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME NICKEL FUTURE FEB26               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        -5 | NC      | $19795.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | SOYBEAN MEAL FUTR MAR26               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |      -202 | NC      | $329100.36    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | SOYBEAN OIL FUTR MAR26                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       194 | NC      | $368679.27    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | KC HRW WHEAT FUT MAR26                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |      -325 | NC      | $-317340.13   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME NICKEL FUTURE MAR26               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         7 | NC      | $-30060.25    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | LIVE CATTLE FUTR FEB26                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        98 | NC      | $-42188.27    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | LEAN HOGS FUTURE FEB26                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       133 | NC      | $66409.21     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                               | LOW SU GASOIL G MAR26                 | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        15 | NC      | $131985.55    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                           | COCOA FUTURE MAR26                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       -50 | NC      | $904074.05    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                      | SILVER FUTURE MAR26                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        19 | NC      | $-169347.73   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                               | LOW SU GASOIL G FEB26                 | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |         2 | NC      | $18565.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division | FTSE 100 IDX FUT MAR26                | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DE               |  | GB        |        91 | NC      | $486063.35    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE Futures Exchange LLC                        | CBOE VIX FUTURE FEB26                 | CUSIP: 000000000<br>LEI: 254900O9GJPIWCP8RH13 | N/A              | DE               |  | US        |       750 | NC      | $-463815.72   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | GASOLINE RBOB FUT MAR26               | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        10 | NC      | $39389.10     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                      | GOLD 100 OZ FUTR APR26                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -20 | NC      | $960535.05    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                | EURO-BUND FUTURE MAR26                | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       131 | NC      | $-10922.39    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                | EURO-OAT FUTURE MAR26                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        84 | NC      | $77040.18     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR NOTE (CBT)MAR26               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       356 | NC      | $-357384.54   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | US ULTRA BOND CBT MAR26               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -404 | NC      | $604698.75    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | NASDAQ 100 E-MINI MAR26               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        27 | NC      | $112222.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | E-MINI RUSS 2000 MAR26                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        13 | NC      | $33442.76     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | US 5YR NOTE (CBT) MAR26               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       990 | NC      | $-201613.55   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | US 2YR NOTE (CBT) MAR26               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       711 | NC      | $-112140.71   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR ULTRA FUT MAR26               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -301 | NC      | $131076.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division | LONG GILT FUTURE MAR26                | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              |  | GB        |       269 | NC      | $23728.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX Clear (Futures)                              | AUST 10Y BOND FUT MAR26               | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |       705 | NC      | $-324767.47   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange/Bourse De Montreal         | CAN 10YR BOND FUT MAR26               | CUSIP: 000000000<br>LEI: 549300DKBYNOI0B1NP44 | N/A              | DIR              |  | CA        |       205 | NC      | $-248896.95   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Exchange                                   | JPN 10Y BOND(OSE) MAR26               | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DIR              |  | JP        |       -79 | NC      | $513771.79    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Stockholm AB                              | OMXS30 IND FUTURE FEB26               | CUSIP: 000000000<br>LEI: 549300KBQIVNEJEZVL96 | N/A              | DE               |  | SE        |       260 | NC      | $23357.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange/Bourse De Montreal         | S+P/TSX 60 IX FUT MAR26               | CUSIP: 000000000<br>LEI: 549300DKBYNOI0B1NP44 | N/A              | DE               |  | CA        |        37 | NC      | $-4724.55     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ASX Clear (Futures)                              | SPI 200 FUTURES MAR26                 | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |        68 | NC      | $239021.68    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                                      | CAC40 10 EURO FUT FEB26               | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | N/A              | DE               |  | FR        |        95 | NC      | $-262225.10   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** ALLSPRING MASTER TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer