# EDGAR Filing Document

**Accession Number:** 0001611331
**File Stem:** 0001193125-26-190215
**Filing Date:** 2026-4
**Character Count:** 267118
**Document Hash:** 660485069b839d0726438ab7011447a9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-190215.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-190215

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 19

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**EFFECTIVENESS DATE**: 20260429

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING EXCHANGE-TRADED FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001611331

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

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23597
- **FILM NUMBER:** 26912433

**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:** Allspring Exchange-Traded Funds Trust
- **DATE OF NAME CHANGE:** 20211206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wells Fargo Exchange-Traded Funds Trust
- **DATE OF NAME CHANGE:** 20140619

## Series and Classes Contracts Data

### Allspring Broad Market Core Bond ETF (Series ID: S000088476)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000254753 | Allspring Broad Market Core Bond ETF | AFIX            |

### Allspring Core Plus ETF (Series ID: S000088477)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000254754 | Allspring Core Plus ETF | APLU            |

?xml version='1.0' encoding='ASCII'? N-CSRS

![LOGO](g46786g0425123213293.jpg)

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM N-CSRS

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED

#### MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number: 811-23597

## Allspring Exchange-Traded Funds Trust

#### (Exact name of registrant as specified in charter)

#### 1415 Vantage Park Drive, 3<sup>rd</sup> Floor, Charlotte, NC 28203

#### (Address of principal executive offices) (Zip code)

#### Matthew Prasse

#### Allspring Funds Management, LLC

#### 1415 Vantage Park Drive, 3<sup>rd</sup> Floor, Charlotte, NC 28203

#### (Name and address of agent for service)

#### Registrant's telephone number, including area code: 800-222-8222

#### Date of fiscal year end: August 31

#### Registrant is making a filing for 2 of its series: Allspring Broad Market Core Bond ETF and Allspring Core Plus ETF.

#### Date of reporting period: February 28, 2026

------

<u>ITEM 1. REPORT TO STOCKHOLDERS</u>![Image](g46786g84v20.jpg)

Semi-Annual Shareholder Report

# Broad Market Core Bond ETF (AFIX)

# February 28, 2026

## Principal Listing Exchange: NYSE Arca, Inc.
This semi-annual shareholder report contains important information about Broad Market Core Bond ETF for the period from September 1, 2025 to February 28, 2026. You can find additional information about the Fund at allspringglobal.com. You can also request this information by contacting us at 1-866-701-2575.

## What were the Fund costs for the past 6 months?
The table explains the costs you would have paid within the reporting period based on a hypothetical $10,000 investment.

---

| | | |
|:---|:---|:---|
| CLASS NAME | COSTS OF A $10,000 INVESTMENT | COSTS PAID AS A % OF A $10,000 INVESTMENT |
| Broad Market Core Bond ETF | $10 | 0.19%<sup>Footnote Reference1</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>1</sup> | &nbsp;&nbsp;Annualized |

---

Pursuant to a unitary fee arrangement between the Fund and the Manager, the Manager has agreed to pay all expenses incurred by, and appropriately allocated to, the Fund, excluding only: the management fee payable to the Manager and certain other expenses. Please see the prospectus for the annual unitary fee and more details on excluded expenses.

## KEY FUND STATISTICS

---

| | |
|:---|:---|
| Total net assets | $180851274 |
| # of portfolio holdings | 562 |
| Portfolio turnover rate | 34% |
| Total advisory fees paid | $169653 |

---

## What did the Fund invest in?

### PORTFOLIO COMPOSITION (% OF LONG-TERM INVESTMENTS)

---

| | |
|:---|:---|
| Agency securities | 32.1 |
| Corporate bonds and notes | 26.2 |
| U.S. Treasury securities | 15.1 |
| Asset-backed securities | 10.4 |
| Non-agency mortgage-backed securities | 6.2 |
| Municipal obligations | 5.9 |
| Yankee corporate bonds and notes | 4.1 |

---

### TOP TEN HOLDINGS (% OF NET ASSETS)

---

| | |
|:---|:---|
| U.S. Treasury Bonds, 4.63%, 11-15-2045 | 3.8 |
| U.S. Treasury Bonds, 5.00%, 5-15-2045 | 2.7 |
| U.S. Treasury Notes, 3.50%, 10-31-2027 | 2 |
| U.S. Treasury Bonds, 4.75%, 8-15-2055 | 1.8 |
| U.S. Treasury Bonds, 4.63%, 2-15-2055 | 1.6 |
| FHLMC, 5.50%, 1-1-2055 | 1.3 |
| U.S. Treasury Bonds, 4.75%, 5-15-2055 | 1.1 |
| FNMA, 5.50%, 12-1-2054 | 1 |
| U.S. Treasury Notes, 3.50%, 2-15-2029 | 1 |
| FNMA, 3.50%, 9-1-2050 | 1 |

---

## For more information
You can find additional information on the Fund's website at allspringglobal.com, including its:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **-** Prospectus **-** Financial Information **-** Fund holdings **-** Proxy voting information

#### SARAFIX 02-26
![Image](g46786g84v20.jpg)

Semi-Annual Shareholder Report

# Core Plus ETF (APLU)

# February 28, 2026

## Principal Listing Exchange: NYSE Arca, Inc.
This semi-annual shareholder report contains important information about Core Plus ETF for the period from September 1, 2025 to February 28, 2026. You can find additional information about the Fund at allspringglobal.com. You can also request this information by contacting us at 1-866-701-2575.

## What were the Fund costs for the past 6 months?
The table explains the costs you would have paid within the reporting period based on a hypothetical $10,000 investment.

---

| | | |
|:---|:---|:---|
| CLASS NAME | COSTS OF A $10,000 INVESTMENT | COSTS PAID AS A % OF A $10,000 INVESTMENT |
| Core Plus ETF | $15 | 0.30%<sup>Footnote Reference1</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>1</sup> | &nbsp;&nbsp;Annualized |

---

Pursuant to a unitary fee arrangement between the Fund and the Manager, the Manager has agreed to pay all expenses incurred by, and appropriately allocated to, the Fund, excluding only: the management fee payable to the Manager and certain other expenses. Please see the prospectus for the annual unitary fee and more details on excluded expenses.

## KEY FUND STATISTICS

---

| | |
|:---|:---|
| Total net assets | $347969292 |
| # of portfolio holdings | 548 |
| Portfolio turnover rate | 92% |
| Total advisory fees paid | $471962 |

---

## What did the Fund invest in?

### PORTFOLIO COMPOSITION (% OF LONG-TERM INVESTMENTS)

---

| | |
|:---|:---|
| Agency securities | 28.8 |
| Corporate bonds and notes | 22.7 |
| U.S. Treasury securities | 13.9 |
| Asset-backed securities | 9.7 |
| Yankee corporate bonds and notes | 8.5 |
| Non-agency mortgage-backed securities | 5.9 |
| Foreign government bonds | 4.8 |
| Foreign corporate bonds and notes | 3.3 |
| Yankee government bonds | 1.8 |
| Investment companies | 0.6 |

---

### TOP TEN HOLDINGS (% OF NET ASSETS)

---

| | |
|:---|:---|
| U.S. Treasury Bonds, 4.63%, 11-15-2045 | 4.6 |
| U.S. Treasury Notes, 4.00%, 11-15-2035 | 3 |
| FNMA, 2.50%, 2-1-2051 | 1.7 |
| FNMA, 2.00%, 2-1-2052 | 1.7 |
| GNMA, 5.00%, 12-20-2054 | 1.5 |
| U.S. Treasury Notes, 4.13%, 11-15-2032 | 1.4 |
| FNMA, 5.50%, 3-1-2055 | 1.3 |
| U.S. Treasury Bonds, 4.75%, 2-15-2045 | 1.1 |
| GNMA, 5.50%, 12-20-2054 | 1 |
| FHLMC, 3.00%, 10-1-2053 | 1 |

---

## For more information
You can find additional information on the Fund's website at allspringglobal.com, including its:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **-** Prospectus **-** Financial Information **-** Fund holdings **-** Proxy voting information

#### SARAPLU 02-26

------

<u>ITEM 2. CODE OF ETHICS</u> 

Not applicable.

<u>ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT</u> 

Not applicable.

<u>ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES</u> 

Not applicable.

<u>ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS</u> 

Not applicable.

<u>ITEM 6. INVESTMENTS</u> 

(a) The registrant's Schedule of Investments is included as part of the Financial Statements filed under Item 7(a) of this Form.

(b) Not Applicable due to no such divestments during the semi-annual period covered since the previous Form N-CSR filing.

<u>ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES</u>

(a) The registrant's Financial Statements are attached herewith.

(b) The registrant's Financial Highlights are included as part of the Financial Statements filed under Item 7(a) of this Form.

------

![](g46786img832e54cc1.jpg)

Allspring Broad Market Core Bond ETF (AFIX)

Long Form Financial Statements

Semi-Annual Report

February 28, 2026

------

Contents

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

---

| | |
|:---|:---|
| **[Portfolio of investments](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_POI-PageBlank-1022_1)** | 2 |
| **[Item 7. Financial statements and financial highlights](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_FS-PageBlank-1022_1)** |  |
| [Statement of assets and liabilities](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_FS-PageBlank-1022_1) | 21 |
| [Statement of operations](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_FS-PageBlank-1022_2) | 22 |
| [Statement of changes in net assets](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_FS-PageBlank-1022_3) | 23 |
| [Financial highlights](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_FIHI-PageBlank-1022_1) | 24 |
| **[Notes to financial statements](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_NTF-PageBlank-1022_1)** | 25 |
| **[Other information](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_OI-PageBlank-1022_1)** | 30 |
| [Item 8. Changes in and disagreements with accountants](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_OI-PageBlank-1022_2) | 31 |
| [Item 9. Matters submitted to fund shareholders for a vote](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_OI-PageBlank-1022_2) | 31 |
| [Item 10. Remuneration paid to directors, officers and others](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_OI-PageBlank-1022_2) | 31 |
| [Item 11. Statement regarding basis for board](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_OI-PageBlank-1022_2)['](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_OI-PageBlank-1022_2)[s approval of investment](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_OI-PageBlank-1022_2)<br> [advisory contract](#xx_d9a9bfed-2432-45a4-8873-23eea89e65c2_OI-PageBlank-1022_2)<br>| 31 |

---

Allspring Broad Market Core Bond ETF \| 1

------

Portfolio of investments—February 28, 2026 (unaudited)

Portfolio of investments

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Agency securities: 31.69%** |  |  |  |  |
| FHLMC | 2.00<br> %<br>| &nbsp;&nbsp; 6-1-2050 | $1074548 | &nbsp;&nbsp; $900976 |
| FHLMC | 2.00 | &nbsp;&nbsp; 7-1-2050 | 1202245 | &nbsp;&nbsp; 1007049 |
| FHLMC | 2.50 | &nbsp;&nbsp; 11-1-2050 | 789457 | &nbsp;&nbsp; 690323 |
| FHLMC | 2.50 | &nbsp;&nbsp; 2-1-2051 | 1460976 | &nbsp;&nbsp; 1279262 |
| FHLMC | 2.50 | &nbsp;&nbsp; 5-1-2051 | 449792 | &nbsp;&nbsp; 393215 |
| FHLMC | 2.50 | &nbsp;&nbsp; 9-1-2051 | 1392945 | &nbsp;&nbsp; 1211326 |
| FHLMC | 3.00 | &nbsp;&nbsp; 8-1-2049 | 1338526 | &nbsp;&nbsp; 1227630 |
| FHLMC | 3.00 | &nbsp;&nbsp; 1-1-2050 | 969815 | &nbsp;&nbsp; 888239 |
| FHLMC | 3.00 | &nbsp;&nbsp; 7-1-2050 | 469961 | &nbsp;&nbsp; 426632 |
| FHLMC | 3.50 | &nbsp;&nbsp; 7-1-2049 | 459871 | &nbsp;&nbsp; 438163 |
| FHLMC | 3.50 | &nbsp;&nbsp; 9-1-2049 | 243764 | &nbsp;&nbsp; 232181 |
| FHLMC | 3.50 | &nbsp;&nbsp; 1-1-2050 | 236334 | &nbsp;&nbsp; 225031 |
| FHLMC | 4.50 | &nbsp;&nbsp; 12-1-2052 | 1736819 | &nbsp;&nbsp; 1735836 |
| FHLMC | 5.00 | &nbsp;&nbsp; 12-1-2054 | 975503 | &nbsp;&nbsp; 991257 |
| FHLMC | 5.00 | &nbsp;&nbsp; 12-1-2055 | 1125588 | &nbsp;&nbsp; 1143831 |
| FHLMC | 5.00 | &nbsp;&nbsp; 3-1-2056 | 900000 | &nbsp;&nbsp; 916250 |
| FHLMC | 5.50 | &nbsp;&nbsp; 1-1-2055 | 2335228 | &nbsp;&nbsp; 2417870 |
| FNMA | 2.00 | &nbsp;&nbsp; 6-1-2050 | 1407574 | &nbsp;&nbsp; 1179041 |
| FNMA | 2.00 | &nbsp;&nbsp; 7-1-2050 | 1746669 | &nbsp;&nbsp; 1463082 |
| FNMA | 2.00 | &nbsp;&nbsp; 9-1-2050 | 621325 | &nbsp;&nbsp; 520450 |
| FNMA | 2.00 | &nbsp;&nbsp; 11-1-2050 | 1190350 | &nbsp;&nbsp; 995235 |
| FNMA | 2.50 | &nbsp;&nbsp; 9-1-2049 | 142304 | &nbsp;&nbsp; 124366 |
| FNMA | 2.50 | &nbsp;&nbsp; 12-1-2049 | 267533 | &nbsp;&nbsp; 234596 |
| FNMA | 2.50 | &nbsp;&nbsp; 4-1-2050 | 274029 | &nbsp;&nbsp; 239683 |
| FNMA | 2.50 | &nbsp;&nbsp; 8-1-2050 | 273783 | &nbsp;&nbsp; 239731 |
| FNMA | 2.50 | &nbsp;&nbsp; 11-1-2050 | 246037 | &nbsp;&nbsp; 215385 |
| FNMA | 2.50 | &nbsp;&nbsp; 12-1-2050 | 1092321 | &nbsp;&nbsp; 956237 |
| FNMA | 2.50 | &nbsp;&nbsp; 7-1-2051 | 1453182 | &nbsp;&nbsp; 1269937 |
| FNMA | 3.00 | &nbsp;&nbsp; 8-1-2049 | 250011 | &nbsp;&nbsp; 229368 |
| FNMA | 3.00 | &nbsp;&nbsp; 2-1-2050 | 265620 | &nbsp;&nbsp; 243109 |
| FNMA | 3.00 | &nbsp;&nbsp; 5-1-2050 | 191636 | &nbsp;&nbsp; 175217 |
| FNMA | 3.00 | &nbsp;&nbsp; 6-1-2050 | 232149 | &nbsp;&nbsp; 212331 |
| FNMA | 3.00 | &nbsp;&nbsp; 7-1-2050 | 95832 | &nbsp;&nbsp; 87561 |
| FNMA | 3.00 | &nbsp;&nbsp; 8-1-2050 | 657685 | &nbsp;&nbsp; 600928 |
| FNMA | 3.00 | &nbsp;&nbsp; 9-1-2050 | 1854877 | &nbsp;&nbsp; 1693651 |
| FNMA | 3.00 | &nbsp;&nbsp; 5-1-2051 | 632401 | &nbsp;&nbsp; 576005 |
| FNMA | 3.00 | &nbsp;&nbsp; 6-1-2051 | 667410 | &nbsp;&nbsp; 605670 |
| FNMA | 3.00 | &nbsp;&nbsp; 7-1-2051 | 219779 | &nbsp;&nbsp; 200060 |
| FNMA | 3.50 | &nbsp;&nbsp; 6-1-2048 | 1741716 | &nbsp;&nbsp; 1663224 |
| FNMA | 3.50 | &nbsp;&nbsp; 5-1-2049 | 264464 | &nbsp;&nbsp; 252034 |
| FNMA | 3.50 | &nbsp;&nbsp; 6-1-2049 | 898924 | &nbsp;&nbsp; 856675 |
| FNMA | 3.50 | &nbsp;&nbsp; 8-1-2049 | 447808 | &nbsp;&nbsp; 426622 |
| FNMA | 3.50 | &nbsp;&nbsp; 11-1-2049 | 534587 | &nbsp;&nbsp; 506798 |
| FNMA | 3.50 | &nbsp;&nbsp; 2-1-2050 | 378206 | &nbsp;&nbsp; 359019 |
| FNMA | 3.50 | &nbsp;&nbsp; 9-1-2050 | 1855759 | &nbsp;&nbsp; 1763512 |
| FNMA | 3.50 | &nbsp;&nbsp; 1-1-2051 | 1546576 | &nbsp;&nbsp; 1469736 |
| FNMA | 3.50 | &nbsp;&nbsp; 2-1-2051 | 778488 | &nbsp;&nbsp; 741256 |
| FNMA | 3.94 | &nbsp;&nbsp; 11-1-2030 | 895000 | &nbsp;&nbsp; 898282 |

---

The accompanying notes are an integral part of these financial statements.

2 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| FNMA | 3.95<br> %<br>| &nbsp;&nbsp; 1-1-2033 | $245000 | &nbsp;&nbsp; $243738 |
| FNMA | 3.97 | &nbsp;&nbsp; 1-1-2033 | 325000 | &nbsp;&nbsp; 323718 |
| FNMA | 4.00 | &nbsp;&nbsp; 6-1-2048 | 669369 | &nbsp;&nbsp; 655846 |
| FNMA | 4.00 | &nbsp;&nbsp; 8-1-2048 | 205664 | &nbsp;&nbsp; 202607 |
| FNMA | 4.00 | &nbsp;&nbsp; 9-1-2048 | 176101 | &nbsp;&nbsp; 172977 |
| FNMA | 4.00 | &nbsp;&nbsp; 11-1-2048 | 196854 | &nbsp;&nbsp; 194063 |
| FNMA | 4.00 | &nbsp;&nbsp; 1-1-2049 | 134408 | &nbsp;&nbsp; 132189 |
| FNMA | 4.00 | &nbsp;&nbsp; 3-1-2049 | 360435 | &nbsp;&nbsp; 355378 |
| FNMA | 4.00 | &nbsp;&nbsp; 1-1-2050 | 256851 | &nbsp;&nbsp; 252862 |
| FNMA | 4.00 | &nbsp;&nbsp; 1-1-2051 | 1197517 | &nbsp;&nbsp; 1179793 |
| FNMA | 4.00 | &nbsp;&nbsp; 3-1-2051 | 267263 | &nbsp;&nbsp; 261379 |
| FNMA | 4.00 | &nbsp;&nbsp; 5-1-2051 | 252682 | &nbsp;&nbsp; 248460 |
| FNMA | 4.00 | &nbsp;&nbsp; 6-1-2052 | 381232 | &nbsp;&nbsp; 370822 |
| FNMA | 4.15 | &nbsp;&nbsp; 1-1-2033 | 820000 | &nbsp;&nbsp; 825437 |
| FNMA | 4.16 | &nbsp;&nbsp; 2-1-2033 | 1570000 | &nbsp;&nbsp; 1579885 |
| FNMA | 4.23 | &nbsp;&nbsp; 9-1-2033 | 920000 | &nbsp;&nbsp; 928338 |
| FNMA | 4.28 | &nbsp;&nbsp; 2-1-2030 | 500000 | &nbsp;&nbsp; 509671 |
| FNMA | 4.40 | &nbsp;&nbsp; 1-1-2030 | 500000 | &nbsp;&nbsp; 509705 |
| FNMA | 4.45 | &nbsp;&nbsp; 1-1-2031 | 299749 | &nbsp;&nbsp; 306933 |
| FNMA | 4.46 | &nbsp;&nbsp; 2-1-2031 | 814408 | &nbsp;&nbsp; 833434 |
| FNMA | 4.50 | &nbsp;&nbsp; 7-1-2048 | 232523 | &nbsp;&nbsp; 232162 |
| FNMA | 4.50 | &nbsp;&nbsp; 9-1-2052 | 268724 | &nbsp;&nbsp; 266895 |
| FNMA | 4.50 | &nbsp;&nbsp; 10-1-2052 | 243689 | &nbsp;&nbsp; 242181 |
| FNMA | 4.51 | &nbsp;&nbsp; 2-1-2030 | 430000 | &nbsp;&nbsp; 440265 |
| FNMA | 4.56 | &nbsp;&nbsp; 3-1-2030 | 380000 | &nbsp;&nbsp; 390121 |
| FNMA | 4.72 | &nbsp;&nbsp; 10-1-2031 | 350000 | &nbsp;&nbsp; 362586 |
| FNMA | 4.83 | &nbsp;&nbsp; 4-1-2031 | 800000 | &nbsp;&nbsp; 830373 |
| FNMA | 4.98 | &nbsp;&nbsp; 5-1-2030 | 407608 | &nbsp;&nbsp; 422984 |
| FNMA | 5.00 | &nbsp;&nbsp; 2-1-2055 | 362902 | &nbsp;&nbsp; 369241 |
| FNMA | 5.00 | &nbsp;&nbsp; 7-1-2055 | 164268 | &nbsp;&nbsp; 167234 |
| FNMA | 5.00 | &nbsp;&nbsp; 11-1-2055 | 839037 | &nbsp;&nbsp; 854186 |
| FNMA | 5.17 | &nbsp;&nbsp; 3-1-2031 | 992531 | &nbsp;&nbsp; 1042721 |
| FNMA | 5.20 | &nbsp;&nbsp; 3-1-2031 | 942053 | &nbsp;&nbsp; 987892 |
| FNMA | 5.23 | &nbsp;&nbsp; 2-1-2032 | 744231 | &nbsp;&nbsp; 788360 |
| FNMA | 5.24 | &nbsp;&nbsp; 12-1-2030 | 796245 | &nbsp;&nbsp; 838701 |
| FNMA | 5.50 | &nbsp;&nbsp; 12-1-2054 | 1805737 | &nbsp;&nbsp; 1865218 |
| **Total agency securities (Cost $54,855,525)** |  |  |  | &nbsp;&nbsp; **57312227** |
| **Asset-backed securities: 10.23%** |  |  |  |  |
| Ally Auto Receivables Trust Series 2025-1 Class A4 | 4.08 | &nbsp;&nbsp; 6-16-2031 | 410000 | &nbsp;&nbsp; 414166 |
| Barings Equipment Finance LLC Series 2025-A Class A4144A | 5.02 | &nbsp;&nbsp; 6-13-2050 | 1000000 | &nbsp;&nbsp; 1040899 |
| Enterprise Fleet Financing LLC Series 2025-1 Class A4144A | 4.97 | &nbsp;&nbsp; 9-22-2031 | 730000 | &nbsp;&nbsp; 752151 |
| Ford Credit Auto Owner Trust Series 2025-2 Class A144Aøø | 4.37 | &nbsp;&nbsp; 2-15-2038 | 370000 | &nbsp;&nbsp; 376581 |
| Ford Credit Floorplan Master Owner Trust A Series 2025-2 Class A1 | 4.06 | &nbsp;&nbsp; 9-15-2030 | 395000 | &nbsp;&nbsp; 398096 |
| GM Financial Revolving Receivables Trust Series 2024-1 Class A144A | 4.98 | &nbsp;&nbsp; 12-11-2036 | 810000 | &nbsp;&nbsp; 837459 |
| GM Financial Revolving Receivables Trust Series 2024-2 Class A144A | 4.52 | &nbsp;&nbsp; 3-11-2037 | 125000 | &nbsp;&nbsp; 127836 |
| GM Financial Revolving Receivables Trust Series 2025-1 Class A144A | 4.64 | &nbsp;&nbsp; 12-11-2037 | 325000 | &nbsp;&nbsp; 334165 |
| John Deere Owner Trust Series 2025-A Class A4 | 4.42 | &nbsp;&nbsp; 2-17-2032 | 245000 | &nbsp;&nbsp; 248898 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Broad Market Core Bond ETF \| 3

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| M&T Bank Auto Receivables Trust Series 2025-1A Class A4144A | 4.89<br> %<br>| &nbsp;&nbsp; 7-15-2032 | $1000000 | &nbsp;&nbsp; $1027419 |
| SBA Small Business Investment Cos. Series 2025-10A Class 1 | 4.96 | &nbsp;&nbsp; 3-10-2035 | 1150000 | &nbsp;&nbsp; 1195167 |
| SBA Small Business Investment Cos. Series 2025-10B Class 1 | 4.53 | &nbsp;&nbsp; 9-10-2035 | 1260000 | &nbsp;&nbsp; 1282176 |
| Toyota Auto Loan Extended Note Trust Series 2023-1A Class A144A | 4.93 | &nbsp;&nbsp; 6-25-2036 | 120000 | &nbsp;&nbsp; 123267 |
| Toyota Auto Loan Extended Note Trust Series 2025-1A Class A144A | 4.65 | &nbsp;&nbsp; 5-25-2038 | 435000 | &nbsp;&nbsp; 447525 |
| U.S. Small Business Administration Series 2022-25G Class 1 | 3.93 | &nbsp;&nbsp; 7-1-2047 | 57710 | &nbsp;&nbsp; 56112 |
| U.S. Small Business Administration Series 2023-25C Class 1 | 4.93 | &nbsp;&nbsp; 3-1-2048 | 1152310 | &nbsp;&nbsp; 1190697 |
| U.S. Small Business Administration Series 2023-25E Class 1 | 4.62 | &nbsp;&nbsp; 5-1-2048 | 879211 | &nbsp;&nbsp; 894922 |
| U.S. Small Business Administration Series 2023-25G Class 1 | 5.18 | &nbsp;&nbsp; 7-1-2048 | 1063390 | &nbsp;&nbsp; 1101079 |
| U.S. Small Business Administration Series 2023-25H Class 1 | 5.15 | &nbsp;&nbsp; 8-1-2048 | 1156710 | &nbsp;&nbsp; 1195038 |
| U.S. Small Business Administration Series 2023-25I Class 1 | 5.41 | &nbsp;&nbsp; 9-1-2048 | 1509035 | &nbsp;&nbsp; 1598481 |
| U.S. Small Business Administration Series 2024-25A Class 1 | 5.05 | &nbsp;&nbsp; 1-1-2049 | 88745 | &nbsp;&nbsp; 91037 |
| U.S. Small Business Administration Series 2024-25B Class 1 | 5.07 | &nbsp;&nbsp; 2-1-2049 | 808546 | &nbsp;&nbsp; 830870 |
| U.S. Small Business Administration Series 2024-25F Class 1 | 5.04 | &nbsp;&nbsp; 6-1-2049 | 1026613 | &nbsp;&nbsp; 1068162 |
| U.S. Small Business Administration Series 2024-25I Class 1 | 4.45 | &nbsp;&nbsp; 9-1-2049 | 148237 | &nbsp;&nbsp; 149341 |
| U.S. Small Business Administration Series 2025-20A Class 1 | 5.24 | &nbsp;&nbsp; 1-1-2045 | 968803 | &nbsp;&nbsp; 1003943 |
| U.S. Small Business Administration Series 2025-20B Class 1 | 5.01 | &nbsp;&nbsp; 2-1-2045 | 193708 | &nbsp;&nbsp; 198796 |
| World Omni Auto Receivables Trust Series 2025-D Class A4 | 4.07 | &nbsp;&nbsp; 2-17-2032 | 515000 | &nbsp;&nbsp; 520472 |
| **Total asset-backed securities (Cost $17,957,827)** |  |  |  | &nbsp;&nbsp; **18504755** |
| **Corporate bonds and notes: 25.92%** |  |  |  |  |
| **Basic materials: 0.40%** |  |  |  |  |
| **Chemicals: 0.40%** |  |  |  |  |
| Eastman Chemical Co. | 5.75 | &nbsp;&nbsp; 3-8-2033 | 160000 | &nbsp;&nbsp; 170152 |
| Mosaic Co. | 4.60 | &nbsp;&nbsp; 11-15-2030 | 100000 | &nbsp;&nbsp; 101258 |
| PPG Industries, Inc. | 4.38 | &nbsp;&nbsp; 3-15-2031 | 155000 | &nbsp;&nbsp; 155997 |
| Sherwin-Williams Co. | 2.95 | &nbsp;&nbsp; 8-15-2029 | 210000 | &nbsp;&nbsp; 202936 |
| Sherwin-Williams Co. | 4.50 | &nbsp;&nbsp; 8-15-2030 | 90000 | &nbsp;&nbsp; 91363 |
|  |  |  |  | &nbsp;&nbsp; **721706** |
| **Communications: 1.48%** |  |  |  |  |
| **Media: 0.31%** |  |  |  |  |
| &nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>| 4.40 | &nbsp;&nbsp; 4-1-2033 | 270000 | &nbsp;&nbsp; 257131 |
| Comcast Corp. | 1.95 | &nbsp;&nbsp; 1-15-2031 | 50000 | &nbsp;&nbsp; 45204 |
| Comcast Corp. | 4.60 | &nbsp;&nbsp; 10-15-2038 | 120000 | &nbsp;&nbsp; 113457 |
| Comcast Corp. | 4.95 | &nbsp;&nbsp; 5-15-2032 | 140000 | &nbsp;&nbsp; 144788 |
|  |  |  |  | &nbsp;&nbsp; **560580** |
| **Telecommunications: 1.17%** |  |  |  |  |
| AT&T, Inc. | 2.25 | &nbsp;&nbsp; 2-1-2032 | 150000 | &nbsp;&nbsp; 133965 |
| AT&T, Inc. | 2.75 | &nbsp;&nbsp; 6-1-2031 | 130000 | &nbsp;&nbsp; 121129 |
| AT&T, Inc. | 4.50 | &nbsp;&nbsp; 5-15-2035 | 120000 | &nbsp;&nbsp; 116947 |
| AT&T, Inc. | 4.55 | &nbsp;&nbsp; 11-1-2032 | 139000 | &nbsp;&nbsp; 139904 |
| AT&T, Inc. | 4.65 | &nbsp;&nbsp; 6-1-2044 | 40000 | &nbsp;&nbsp; 35327 |
| AT&T, Inc. | 4.75 | &nbsp;&nbsp; 5-15-2046 | 180000 | &nbsp;&nbsp; 158358 |
| Motorola Solutions, Inc. | 5.00 | &nbsp;&nbsp; 4-15-2029 | 100000 | &nbsp;&nbsp; 102826 |
| T-Mobile USA, Inc. | 2.40 | &nbsp;&nbsp; 3-15-2029 | 120000 | &nbsp;&nbsp; 114638 |

---

The accompanying notes are an integral part of these financial statements.

4 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Telecommunications**(continued) |  |  |  |  |
| T-Mobile USA, Inc. | 2.55<br> %<br>| &nbsp;&nbsp; 2-15-2031 | $130000 | &nbsp;&nbsp; $120339 |
| T-Mobile USA, Inc. | 3.38 | &nbsp;&nbsp; 4-15-2029 | 100000 | &nbsp;&nbsp; 98187 |
| T-Mobile USA, Inc. | 3.88 | &nbsp;&nbsp; 4-15-2030 | 200000 | &nbsp;&nbsp; 198462 |
| Verizon Communications, Inc. | 1.75 | &nbsp;&nbsp; 1-20-2031 | 220000 | &nbsp;&nbsp; 196730 |
| Verizon Communications, Inc. | 2.36 | &nbsp;&nbsp; 3-15-2032 | 430000 | &nbsp;&nbsp; 383986 |
| Verizon Communications, Inc. | 4.40 | &nbsp;&nbsp; 11-1-2034 | 150000 | &nbsp;&nbsp; 147026 |
| Verizon Communications, Inc. | 4.81 | &nbsp;&nbsp; 3-15-2039 | 50000 | &nbsp;&nbsp; 48276 |
|  |  |  |  | &nbsp;&nbsp; **2116100** |
| **Consumer, cyclical: 1.35%** |  |  |  |  |
| **Auto manufacturers: 1.09%** |  |  |  |  |
| American Honda Finance Corp. | 2.25 | &nbsp;&nbsp; 1-12-2029 | 120000 | &nbsp;&nbsp; 114548 |
| American Honda Finance Corp. | 4.40 | &nbsp;&nbsp; 9-5-2029 | 110000 | &nbsp;&nbsp; 111550 |
| American Honda Finance Corp. | 4.45 | &nbsp;&nbsp; 1-8-2031 | 60000 | &nbsp;&nbsp; 60583 |
| American Honda Finance Corp. | 4.90 | &nbsp;&nbsp; 3-13-2029 | 160000 | &nbsp;&nbsp; 164123 |
| BMW U.S. Capital LLC144A | 4.50 | &nbsp;&nbsp; 8-11-2030 | 70000 | &nbsp;&nbsp; 70932 |
| BMW U.S. Capital LLC144A | 4.65 | &nbsp;&nbsp; 8-13-2029 | 50000 | &nbsp;&nbsp; 50894 |
| BMW U.S. Capital LLC144A | 5.05 | &nbsp;&nbsp; 3-21-2030 | 45000 | &nbsp;&nbsp; 46473 |
| Daimler Truck Finance North America LLC144A | 2.38 | &nbsp;&nbsp; 12-14-2028 | 150000 | &nbsp;&nbsp; 143608 |
| Daimler Truck Finance North America LLC144A | 5.40 | &nbsp;&nbsp; 9-20-2028 | 150000 | &nbsp;&nbsp; 155131 |
| Ford Motor Credit Co. LLC | 3.63 | &nbsp;&nbsp; 6-17-2031 | 200000 | &nbsp;&nbsp; 186375 |
| General Motors Financial Co., Inc. | 2.40 | &nbsp;&nbsp; 10-15-2028 | 60000 | &nbsp;&nbsp; 57517 |
| General Motors Financial Co., Inc. | 2.70 | &nbsp;&nbsp; 6-10-2031 | 50000 | &nbsp;&nbsp; 45942 |
| General Motors Financial Co., Inc. | 4.30 | &nbsp;&nbsp; 4-6-2029 | 80000 | &nbsp;&nbsp; 80350 |
| Hyundai Capital America144A | 5.30 | &nbsp;&nbsp; 1-8-2030 | 220000 | &nbsp;&nbsp; 228836 |
| Mercedes-Benz Finance North America LLC144A | 4.85 | &nbsp;&nbsp; 1-11-2029 | 150000 | &nbsp;&nbsp; 153647 |
| Mercedes-Benz Finance North America LLC144A | 5.00 | &nbsp;&nbsp; 4-1-2030 | 150000 | &nbsp;&nbsp; 154607 |
| Toyota Motor Credit Corp. | 5.10 | &nbsp;&nbsp; 3-21-2031 | 140000 | &nbsp;&nbsp; 146495 |
|  |  |  |  | &nbsp;&nbsp; **1971611** |
| **Entertainment: 0.09%** |  |  |  |  |
| Discovery Global Holdings, Inc. | 4.05 | &nbsp;&nbsp; 3-15-2029 | 100000 | &nbsp;&nbsp; 98937 |
| Discovery Global Holdings, Inc. | 4.28 | &nbsp;&nbsp; 3-15-2032 | 76000 | &nbsp;&nbsp; 69825 |
|  |  |  |  | &nbsp;&nbsp; **168762** |
| **Retail: 0.17%** |  |  |  |  |
| AutoZone, Inc. | 5.10 | &nbsp;&nbsp; 7-15-2029 | 130000 | &nbsp;&nbsp; 134143 |
| Lowe's Cos., Inc. | 3.75 | &nbsp;&nbsp; 4-1-2032 | 170000 | &nbsp;&nbsp; 164685 |
|  |  |  |  | &nbsp;&nbsp; **298828** |
| **Consumer, non-cyclical: 3.69%** |  |  |  |  |
| **Biotechnology: 0.04%** |  |  |  |  |
| Amgen, Inc. | 4.20 | &nbsp;&nbsp; 2-19-2031 | 70000 | &nbsp;&nbsp; **70207** |
| **Commercial services: 1.35%** |  |  |  |  |
| Cornell University Series 2025 | 4.73 | &nbsp;&nbsp; 6-15-2035 | 450000 | &nbsp;&nbsp; 459828 |
| Equifax, Inc. | 2.35 | &nbsp;&nbsp; 9-15-2031 | 120000 | &nbsp;&nbsp; 107496 |
| Equifax, Inc. | 4.80 | &nbsp;&nbsp; 9-15-2029 | 50000 | &nbsp;&nbsp; 50901 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Broad Market Core Bond ETF \| 5

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Commercial services**(continued) |  |  |  |  |
| Equifax, Inc. | 5.10<br> %<br>| &nbsp;&nbsp; 6-1-2028 | $50000 | &nbsp;&nbsp; $51075 |
| J Paul Getty Trust | 4.91 | &nbsp;&nbsp; 4-1-2035 | 450000 | &nbsp;&nbsp; 467007 |
| Leland Stanford Junior University | 4.68 | &nbsp;&nbsp; 3-1-2035 | 420000 | &nbsp;&nbsp; 431240 |
| Massachusetts Institute of Technology | 3.96 | &nbsp;&nbsp; 7-1-2038 | 100000 | &nbsp;&nbsp; 94889 |
| Massachusetts Institute of Technology | 5.62 | &nbsp;&nbsp; 6-1-2055 | 215000 | &nbsp;&nbsp; 228734 |
| RELX Capital, Inc. | 5.25 | &nbsp;&nbsp; 3-27-2035 | 100000 | &nbsp;&nbsp; 102970 |
| University of Southern California | 3.03 | &nbsp;&nbsp; 10-1-2039 | 400000 | &nbsp;&nbsp; 339526 |
| Verisk Analytics, Inc. | 4.45 | &nbsp;&nbsp; 3-15-2031 | 100000 | &nbsp;&nbsp; 100487 |
|  |  |  |  | &nbsp;&nbsp; **2434153** |
| **Food: 0.28%** |  |  |  |  |
| Ingredion, Inc. | 2.90 | &nbsp;&nbsp; 6-1-2030 | 170000 | &nbsp;&nbsp; 162347 |
| Mars, Inc.144A | 5.00 | &nbsp;&nbsp; 3-1-2032 | 100000 | &nbsp;&nbsp; 103586 |
| McCormick & Co., Inc. | 2.50 | &nbsp;&nbsp; 4-15-2030 | 260000 | &nbsp;&nbsp; 244059 |
|  |  |  |  | &nbsp;&nbsp; **509992** |
| **Healthcare-products: 0.51%** |  |  |  |  |
| Agilent Technologies, Inc. | 2.10 | &nbsp;&nbsp; 6-4-2030 | 130000 | &nbsp;&nbsp; 119707 |
| Agilent Technologies, Inc. | 2.75 | &nbsp;&nbsp; 9-15-2029 | 50000 | &nbsp;&nbsp; 47917 |
| Baxter International, Inc. | 2.27 | &nbsp;&nbsp; 12-1-2028 | 220000 | &nbsp;&nbsp; 208013 |
| Baxter International, Inc. | 3.95 | &nbsp;&nbsp; 4-1-2030 | 100000 | &nbsp;&nbsp; 97830 |
| GE HealthCare Technologies, Inc. | 4.80 | &nbsp;&nbsp; 8-14-2029 | 160000 | &nbsp;&nbsp; 164078 |
| GE HealthCare Technologies, Inc. | 5.86 | &nbsp;&nbsp; 3-15-2030 | 110000 | &nbsp;&nbsp; 116898 |
| GE HealthCare Technologies, Inc. | 5.91 | &nbsp;&nbsp; 11-22-2032 | 110000 | &nbsp;&nbsp; 119164 |
| Revvity, Inc. | 1.90 | &nbsp;&nbsp; 9-15-2028 | 50000 | &nbsp;&nbsp; 47360 |
|  |  |  |  | &nbsp;&nbsp; **920967** |
| **Healthcare-services: 0.88%** |  |  |  |  |
| Ascension Health Series 2025 | 4.92 | &nbsp;&nbsp; 11-15-2035 | 235000 | &nbsp;&nbsp; 239435 |
| Duke University Health System, Inc. Series 2017 | 3.92 | &nbsp;&nbsp; 6-1-2047 | 210000 | &nbsp;&nbsp; 174472 |
| Health Care Service Corp. A Mutual Legal Reserve Co.144A | 2.20 | &nbsp;&nbsp; 6-1-2030 | 130000 | &nbsp;&nbsp; 119585 |
| Health Care Service Corp. A Mutual Legal Reserve Co.144A | 5.20 | &nbsp;&nbsp; 6-15-2029 | 160000 | &nbsp;&nbsp; 164542 |
| Laboratory Corp. of America Holdings | 4.35 | &nbsp;&nbsp; 4-1-2030 | 170000 | &nbsp;&nbsp; 171404 |
| Mayo Clinic Series 2021 | 3.20 | &nbsp;&nbsp; 11-15-2061 | 100000 | &nbsp;&nbsp; 66386 |
| Providence St. Joseph Health Obligated Group Series H | 2.75 | &nbsp;&nbsp; 10-1-2026 | 120000 | &nbsp;&nbsp; 119189 |
| Stanford Health Care Series 2020 | 3.31 | &nbsp;&nbsp; 8-15-2030 | 250000 | &nbsp;&nbsp; 243429 |
| Sutter Health | 5.16 | &nbsp;&nbsp; 8-15-2033 | 175000 | &nbsp;&nbsp; 182271 |
| UnitedHealth Group, Inc. | 5.15 | &nbsp;&nbsp; 7-15-2034 | 100000 | &nbsp;&nbsp; 103336 |
|  |  |  |  | &nbsp;&nbsp; **1584049** |
| **Pharmaceuticals: 0.63%** |  |  |  |  |
| Becton Dickinson & Co. | 1.96 | &nbsp;&nbsp; 2-11-2031 | 230000 | &nbsp;&nbsp; 206787 |
| Becton Dickinson & Co. | 4.30 | &nbsp;&nbsp; 8-22-2032 | 50000 | &nbsp;&nbsp; 50128 |
| Becton Dickinson & Co. | 4.87 | &nbsp;&nbsp; 2-8-2029 | 110000 | &nbsp;&nbsp; 112711 |
| CVS Health Corp. | 1.75 | &nbsp;&nbsp; 8-21-2030 | 200000 | &nbsp;&nbsp; 179783 |
| CVS Health Corp. | 5.13 | &nbsp;&nbsp; 2-21-2030 | 200000 | &nbsp;&nbsp; 206285 |

---

The accompanying notes are an integral part of these financial statements.

6 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Pharmaceuticals**(continued) |  |  |  |  |
| CVS Health Corp. | 5.25<br> %<br>| &nbsp;&nbsp; 2-21-2033 | $230000 | &nbsp;&nbsp; $238899 |
| EMD Finance LLC144A | 4.63 | &nbsp;&nbsp; 10-15-2032 | 150000 | &nbsp;&nbsp; 151876 |
|  |  |  |  | &nbsp;&nbsp; **1146469** |
| **Energy: 2.28%** |  |  |  |  |
| **Oil & gas: 0.68%** |  |  |  |  |
| BP Capital Markets America, Inc. | 4.89 | &nbsp;&nbsp; 9-11-2033 | 170000 | &nbsp;&nbsp; 174736 |
| Coterra Energy, Inc. | 3.90 | &nbsp;&nbsp; 5-15-2027 | 110000 | &nbsp;&nbsp; 109873 |
| Coterra Energy, Inc. | 4.38 | &nbsp;&nbsp; 3-15-2029 | 190000 | &nbsp;&nbsp; 192025 |
| EOG Resources, Inc. | 5.00 | &nbsp;&nbsp; 7-15-2032 | 60000 | &nbsp;&nbsp; 62272 |
| Marathon Petroleum Corp. | 5.15 | &nbsp;&nbsp; 3-1-2030 | 210000 | &nbsp;&nbsp; 217656 |
| Phillips 66 Co. | 5.25 | &nbsp;&nbsp; 6-15-2031 | 270000 | &nbsp;&nbsp; 282688 |
| TotalEnergies Capital USA LLC | 4.25 | &nbsp;&nbsp; 1-13-2031 | 200000 | &nbsp;&nbsp; 201792 |
|  |  |  |  | &nbsp;&nbsp; **1241042** |
| **Oil & gas services: 0.16%** |  |  |  |  |
| Halliburton Co. | 2.92 | &nbsp;&nbsp; 3-1-2030 | 300000 | &nbsp;&nbsp; **287395** |
| **Pipelines: 1.44%** |  |  |  |  |
| Energy Transfer LP | 3.75 | &nbsp;&nbsp; 5-15-2030 | 100000 | &nbsp;&nbsp; 98369 |
| Energy Transfer LP | 5.20 | &nbsp;&nbsp; 4-1-2030 | 130000 | &nbsp;&nbsp; 135191 |
| Energy Transfer LP | 6.40 | &nbsp;&nbsp; 12-1-2030 | 260000 | &nbsp;&nbsp; 283157 |
| Enterprise Products Operating LLC | 4.60 | &nbsp;&nbsp; 1-15-2031 | 160000 | &nbsp;&nbsp; 163585 |
| Florida Gas Transmission Co. LLC144A | 2.30 | &nbsp;&nbsp; 10-1-2031 | 240000 | &nbsp;&nbsp; 216066 |
| Gulfstream Natural Gas System LLC144A | 5.60 | &nbsp;&nbsp; 7-23-2035 | 170000 | &nbsp;&nbsp; 177082 |
| Kinder Morgan, Inc. | 5.15 | &nbsp;&nbsp; 6-1-2030 | 220000 | &nbsp;&nbsp; 228960 |
| MPLX LP | 4.95 | &nbsp;&nbsp; 9-1-2032 | 340000 | &nbsp;&nbsp; 346150 |
| MPLX LP | 5.00 | &nbsp;&nbsp; 3-1-2033 | 150000 | &nbsp;&nbsp; 152470 |
| MPLX LP | 5.40 | &nbsp;&nbsp; 9-15-2035 | 50000 | &nbsp;&nbsp; 51060 |
| ONEOK, Inc. | 3.25 | &nbsp;&nbsp; 6-1-2030 | 145000 | &nbsp;&nbsp; 139269 |
| ONEOK, Inc. | 4.40 | &nbsp;&nbsp; 10-15-2029 | 20000 | &nbsp;&nbsp; 20169 |
| ONEOK, Inc. | 4.95 | &nbsp;&nbsp; 10-15-2032 | 60000 | &nbsp;&nbsp; 61043 |
| Plains All American Pipeline LP/PAA Finance Corp. | 5.70 | &nbsp;&nbsp; 9-15-2034 | 160000 | &nbsp;&nbsp; 167102 |
| Sabine Pass Liquefaction LLC | 4.50 | &nbsp;&nbsp; 5-15-2030 | 170000 | &nbsp;&nbsp; 171896 |
| Transcontinental Gas Pipe Line Co. LLC | 3.25 | &nbsp;&nbsp; 5-15-2030 | 100000 | &nbsp;&nbsp; 96761 |
| Williams Cos., Inc. | 4.65 | &nbsp;&nbsp; 8-15-2032 | 85000 | &nbsp;&nbsp; 86040 |
| Williams Cos., Inc. | 4.90 | &nbsp;&nbsp; 3-15-2029 | 10000 | &nbsp;&nbsp; 10260 |
|  |  |  |  | &nbsp;&nbsp; **2604630** |
| **Financial: 9.43%** |  |  |  |  |
| **Banks: 5.43%** |  |  |  |  |
| Bank of America Corp. (U.S. SOFR+1.21%)± | 2.57 | &nbsp;&nbsp; 10-20-2032 | 300000 | &nbsp;&nbsp; 273309 |
| Bank of America Corp. (U.S. SOFR+1.33%)± | 2.97 | &nbsp;&nbsp; 2-4-2033 | 50000 | &nbsp;&nbsp; 46220 |
| Bank of America Corp. (U.S. SOFR+1.37%)± | 1.92 | &nbsp;&nbsp; 10-24-2031 | 230000 | &nbsp;&nbsp; 207533 |
| Bank of America Corp. (U.S. SOFR+1.53%)± | 1.90 | &nbsp;&nbsp; 7-23-2031 | 350000 | &nbsp;&nbsp; 317824 |
| Bank of America Corp. (U.S. SOFR 3 Month+1.30%)± | 3.42 | &nbsp;&nbsp; 12-20-2028 | 90000 | &nbsp;&nbsp; 89069 |
| Bank of America Corp. (U.S. SOFR 3 Month+1.33%)± | 3.97 | &nbsp;&nbsp; 3-5-2029 | 50000 | &nbsp;&nbsp; 49964 |
| Bank of America Corp. (U.S. SOFR 3 Month+1.57%)± | 4.27 | &nbsp;&nbsp; 7-23-2029 | 250000 | &nbsp;&nbsp; 251414 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Broad Market Core Bond ETF \| 7

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| Bank of New York Mellon Corp. (U.S. SOFR+1.23%)± | 5.06<br> %<br>| &nbsp;&nbsp; 7-22-2032 | $180000 | &nbsp;&nbsp; $187291 |
| Bank of New York Mellon Corp. (U.S. SOFR+1.42%)± | 4.29 | &nbsp;&nbsp; 6-13-2033 | 100000 | &nbsp;&nbsp; 99239 |
| Citigroup, Inc. (U.S. SOFR+1.17%)± | 2.56 | &nbsp;&nbsp; 5-1-2032 | 180000 | &nbsp;&nbsp; 164761 |
| Citigroup, Inc. (U.S. SOFR+1.18%)± | 2.52 | &nbsp;&nbsp; 11-3-2032 | 130000 | &nbsp;&nbsp; 117600 |
| Citigroup, Inc. (U.S. SOFR+1.34%)± | 4.54 | &nbsp;&nbsp; 9-19-2030 | 50000 | &nbsp;&nbsp; 50590 |
| Citigroup, Inc. (U.S. SOFR+1.35%)± | 3.06 | &nbsp;&nbsp; 1-25-2033 | 50000 | &nbsp;&nbsp; 46235 |
| Citigroup, Inc. (U.S. SOFR+1.94%)± | 3.79 | &nbsp;&nbsp; 3-17-2033 | 150000 | &nbsp;&nbsp; 144341 |
| Citigroup, Inc. (U.S. SOFR+2.09%)± | 4.91 | &nbsp;&nbsp; 5-24-2033 | 170000 | &nbsp;&nbsp; 173500 |
| Citigroup, Inc. (U.S. SOFR+2.11%)± | 2.57 | &nbsp;&nbsp; 6-3-2031 | 130000 | &nbsp;&nbsp; 121514 |
| Citigroup, Inc. (U.S. SOFR+3.91%)± | 4.41 | &nbsp;&nbsp; 3-31-2031 | 60000 | &nbsp;&nbsp; 60313 |
| Citizens Financial Group, Inc. (U.S. SOFR+1.26%)± | 5.25 | &nbsp;&nbsp; 3-5-2031 | 360000 | &nbsp;&nbsp; 371362 |
| Fifth Third Bancorp (U.S. SOFR+1.66%)± | 4.34 | &nbsp;&nbsp; 4-25-2033 | 80000 | &nbsp;&nbsp; 79045 |
| Fifth Third Bancorp (U.S. SOFR+2.13%)± | 4.77 | &nbsp;&nbsp; 7-28-2030 | 110000 | &nbsp;&nbsp; 111843 |
| Goldman Sachs Group, Inc. (U.S. SOFR+1.09%)± | 1.99 | &nbsp;&nbsp; 1-27-2032 | 270000 | &nbsp;&nbsp; 241588 |
| Goldman Sachs Group, Inc. (U.S. SOFR+1.21%)± | 5.05 | &nbsp;&nbsp; 7-23-2030 | 310000 | &nbsp;&nbsp; 318025 |
| Goldman Sachs Group, Inc. (U.S. SOFR+1.25%)± | 2.38 | &nbsp;&nbsp; 7-21-2032 | 200000 | &nbsp;&nbsp; 180391 |
| Goldman Sachs Group, Inc. (U.S. SOFR+1.28%)± | 2.62 | &nbsp;&nbsp; 4-22-2032 | 100000 | &nbsp;&nbsp; 91839 |
| Goldman Sachs Group, Inc. (U.S. SOFR+1.41%)± | 3.10 | &nbsp;&nbsp; 2-24-2033 | 100000 | &nbsp;&nbsp; 92785 |
| Huntington Bancshares, Inc. | 2.55 | &nbsp;&nbsp; 2-4-2030 | 130000 | &nbsp;&nbsp; 122404 |
| Huntington Bancshares, Inc. (U.S. SOFR+2.05%)± | 5.02 | &nbsp;&nbsp; 5-17-2033 | 170000 | &nbsp;&nbsp; 173569 |
| JPMorgan Chase & Co. (U.S. SOFR+1.02%)± | 2.07 | &nbsp;&nbsp; 6-1-2029 | 200000 | &nbsp;&nbsp; 191835 |
| JPMorgan Chase & Co. (U.S. SOFR+1.18%)± | 2.55 | &nbsp;&nbsp; 11-8-2032 | 130000 | &nbsp;&nbsp; 118400 |
| JPMorgan Chase & Co. (U.S. SOFR+1.26%)± | 2.96 | &nbsp;&nbsp; 1-25-2033 | 150000 | &nbsp;&nbsp; 139123 |
| JPMorgan Chase & Co. (U.S. SOFR+1.31%)± | 5.01 | &nbsp;&nbsp; 1-23-2030 | 110000 | &nbsp;&nbsp; 113007 |
| JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.11%)± | 1.76 | &nbsp;&nbsp; 11-19-2031 | 380000 | &nbsp;&nbsp; 340377 |
| JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.25%)± | 2.58 | &nbsp;&nbsp; 4-22-2032 | 100000 | &nbsp;&nbsp; 92291 |
| JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.52%)± | 4.20 | &nbsp;&nbsp; 7-23-2029 | 250000 | &nbsp;&nbsp; 251082 |
| KeyBank National Association | 3.90 | &nbsp;&nbsp; 4-13-2029 | 300000 | &nbsp;&nbsp; 296877 |
| M&T Bank Corp. (U.S. SOFR+1.40%)± | 5.18 | &nbsp;&nbsp; 7-8-2031 | 120000 | &nbsp;&nbsp; 123928 |
| M&T Bank Corp. (U.S. SOFR+1.85%)± | 5.05 | &nbsp;&nbsp; 1-27-2034 | 170000 | &nbsp;&nbsp; 172706 |
| Morgan Stanley (U.S. SOFR+1.11%)± | 5.23 | &nbsp;&nbsp; 1-15-2031 | 225000 | &nbsp;&nbsp; 233006 |
| Morgan Stanley (U.S. SOFR+1.18%)± | 2.24 | &nbsp;&nbsp; 7-21-2032 | 280000 | &nbsp;&nbsp; 251075 |
| Morgan Stanley (U.S. SOFR+1.26%)± | 5.66 | &nbsp;&nbsp; 4-18-2030 | 100000 | &nbsp;&nbsp; 104445 |
| Morgan Stanley (U.S. SOFR+1.45%)± | 5.17 | &nbsp;&nbsp; 1-16-2030 | 170000 | &nbsp;&nbsp; 174755 |
| Morgan Stanley (U.S. SOFR+1.51%)± | 5.19 | &nbsp;&nbsp; 4-17-2031 | 120000 | &nbsp;&nbsp; 124310 |
| Morgan Stanley (U.S. SOFR+1.59%)± | 5.16 | &nbsp;&nbsp; 4-20-2029 | 110000 | &nbsp;&nbsp; 112497 |
| Morgan Stanley (U.S. SOFR+1.63%)± | 5.45 | &nbsp;&nbsp; 7-20-2029 | 80000 | &nbsp;&nbsp; 82494 |
| Morgan Stanley (U.S. SOFR+2.08%)± | 4.89 | &nbsp;&nbsp; 7-20-2033 | 50000 | &nbsp;&nbsp; 51000 |
| Morgan Stanley (U.S. SOFR 3 Month+1.40%)± | 3.77 | &nbsp;&nbsp; 1-24-2029 | 10000 | &nbsp;&nbsp; 9961 |
| Morgan Stanley (U.S. SOFR 3 Month+1.89%)± | 4.43 | &nbsp;&nbsp; 1-23-2030 | 110000 | &nbsp;&nbsp; 111028 |
| PNC Financial Services Group, Inc. (U.S. SOFR+1.07%)± | 5.22 | &nbsp;&nbsp; 1-29-2031 | 70000 | &nbsp;&nbsp; 72803 |
| PNC Financial Services Group, Inc. (U.S. SOFR+1.20%)± | 5.49 | &nbsp;&nbsp; 5-14-2030 | 110000 | &nbsp;&nbsp; 114880 |
| PNC Financial Services Group, Inc. (U.S. SOFR+1.93%)± | 5.07 | &nbsp;&nbsp; 1-24-2034 | 50000 | &nbsp;&nbsp; 51669 |
| PNC Financial Services Group, Inc. (U.S. SOFR+2.14%)± | 6.04 | &nbsp;&nbsp; 10-28-2033 | 210000 | &nbsp;&nbsp; 228047 |
| State Street Corp. (U.S. SOFR+1.00%)± | 2.62 | &nbsp;&nbsp; 2-7-2033 | 50000 | &nbsp;&nbsp; 45591 |
| State Street Corp. (U.S. SOFR+1.61%)± | 4.42 | &nbsp;&nbsp; 5-13-2033 | 220000 | &nbsp;&nbsp; 221007 |
| Truist Bank | 2.25 | &nbsp;&nbsp; 3-11-2030 | 250000 | &nbsp;&nbsp; 231070 |
| Truist Bank (5 Year Treasury Constant Maturity+1.15%)± | 4.63 | &nbsp;&nbsp; 9-17-2029 | 250000 | &nbsp;&nbsp; 252500 |

---

The accompanying notes are an integral part of these financial statements.

8 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| U.S. Bancorp (U.S. SOFR+1.25%)± | 5.10<br> %<br>| &nbsp;&nbsp; 7-23-2030 | $110000 | &nbsp;&nbsp; $113833 |
| U.S. Bancorp (U.S. SOFR+1.56%)± | 5.38 | &nbsp;&nbsp; 1-23-2030 | 50000 | &nbsp;&nbsp; 51868 |
| U.S. Bancorp (U.S. SOFR+2.09%)± | 5.85 | &nbsp;&nbsp; 10-21-2033 | 200000 | &nbsp;&nbsp; 215548 |
| Wells Fargo & Co. (U.S. SOFR+1.11%)± | 5.24 | &nbsp;&nbsp; 1-24-2031 | 115000 | &nbsp;&nbsp; 119309 |
| Wells Fargo & Co. (U.S. SOFR+1.50%)± | 3.35 | &nbsp;&nbsp; 3-2-2033 | 90000 | &nbsp;&nbsp; 84516 |
| Wells Fargo & Co. (U.S. SOFR+1.50%)± | 5.15 | &nbsp;&nbsp; 4-23-2031 | 20000 | &nbsp;&nbsp; 20705 |
| Wells Fargo & Co. (U.S. SOFR+1.74%)± | 5.57 | &nbsp;&nbsp; 7-25-2029 | 200000 | &nbsp;&nbsp; 206910 |
| Wells Fargo & Co. (U.S. SOFR+1.99%)± | 5.56 | &nbsp;&nbsp; 7-25-2034 | 210000 | &nbsp;&nbsp; 220977 |
| Wells Fargo & Co. (U.S. SOFR+2.02%)± | 5.39 | &nbsp;&nbsp; 4-24-2034 | 280000 | &nbsp;&nbsp; 291789 |
|  |  |  |  | &nbsp;&nbsp; **9820787** |
| **Diversified financial services: 0.37%** |  |  |  |  |
| American Express Co. (U.S. SOFR+1.44%)± | 5.02 | &nbsp;&nbsp; 4-25-2031 | 90000 | &nbsp;&nbsp; 92990 |
| American Express Co. (U.S. SOFR+1.94%)± | 6.49 | &nbsp;&nbsp; 10-30-2031 | 120000 | &nbsp;&nbsp; 131463 |
| Capital One Financial Corp. (U.S. SOFR+1.25%)± | 4.49 | &nbsp;&nbsp; 9-11-2031 | 75000 | &nbsp;&nbsp; 75014 |
| Capital One Financial Corp. (U.S. SOFR+1.79%)± | 3.27 | &nbsp;&nbsp; 3-1-2030 | 170000 | &nbsp;&nbsp; 165807 |
| Capital One Financial Corp. (U.S. SOFR+2.37%)± | 5.27 | &nbsp;&nbsp; 5-10-2033 | 170000 | &nbsp;&nbsp; 174564 |
| Voya Global Funding144A | 4.60 | &nbsp;&nbsp; 11-24-2030 | 40000 | &nbsp;&nbsp; 40612 |
|  |  |  |  | &nbsp;&nbsp; **680450** |
| **Insurance: 1.29%** |  |  |  |  |
| American International Group, Inc. | 4.85 | &nbsp;&nbsp; 5-7-2030 | 40000 | &nbsp;&nbsp; 41041 |
| Aon Corp. | 3.75 | &nbsp;&nbsp; 5-2-2029 | 140000 | &nbsp;&nbsp; 138782 |
| Aon North America, Inc. | 5.15 | &nbsp;&nbsp; 3-1-2029 | 110000 | &nbsp;&nbsp; 113424 |
| Corebridge Global Funding144A | 5.20 | &nbsp;&nbsp; 1-12-2029 | 100000 | &nbsp;&nbsp; 102948 |
| Corebridge Global Funding144A | 5.90 | &nbsp;&nbsp; 9-19-2028 | 160000 | &nbsp;&nbsp; 166994 |
| Marsh & McLennan Cos., Inc. | 2.38 | &nbsp;&nbsp; 12-15-2031 | 180000 | &nbsp;&nbsp; 162345 |
| MassMutual Global Funding II144A | 4.35 | &nbsp;&nbsp; 9-17-2031 | 200000 | &nbsp;&nbsp; 199955 |
| Met Tower Global Funding144A | 5.25 | &nbsp;&nbsp; 4-12-2029 | 150000 | &nbsp;&nbsp; 155302 |
| Metropolitan Life Global Funding I144A | 2.95 | &nbsp;&nbsp; 4-9-2030 | 150000 | &nbsp;&nbsp; 143823 |
| Mutual of Omaha Cos. Global Funding144A | 4.75 | &nbsp;&nbsp; 10-15-2029 | 100000 | &nbsp;&nbsp; 101805 |
| Mutual of Omaha Cos. Global Funding144A | 5.00 | &nbsp;&nbsp; 4-1-2030 | 100000 | &nbsp;&nbsp; 102833 |
| Mutual of Omaha Cos. Global Funding144A | 5.45 | &nbsp;&nbsp; 12-12-2028 | 100000 | &nbsp;&nbsp; 103312 |
| New York Life Global Funding144A | 1.20 | &nbsp;&nbsp; 8-7-2030 | 30000 | &nbsp;&nbsp; 26607 |
| NLG Global Funding144A | 4.35 | &nbsp;&nbsp; 9-15-2030 | 95000 | &nbsp;&nbsp; 94939 |
| NLG Global Funding144A | 5.40 | &nbsp;&nbsp; 1-23-2030 | 125000 | &nbsp;&nbsp; 129580 |
| Pacific Life Global Funding II144A | 2.45 | &nbsp;&nbsp; 1-11-2032 | 210000 | &nbsp;&nbsp; 190277 |
| Pacific Life Global Funding II144A | 4.90 | &nbsp;&nbsp; 1-11-2029 | 100000 | &nbsp;&nbsp; 102333 |
| Principal Life Global Funding II144A | 5.10 | &nbsp;&nbsp; 1-25-2029 | 100000 | &nbsp;&nbsp; 102529 |
| Protective Life Global Funding144A | 5.22 | &nbsp;&nbsp; 6-12-2029 | 150000 | &nbsp;&nbsp; 154845 |
|  |  |  |  | &nbsp;&nbsp; **2333674** |
| **REITs: 2.34%** |  |  |  |  |
| Agree LP | 2.90 | &nbsp;&nbsp; 10-1-2030 | 280000 | &nbsp;&nbsp; 264759 |
| Alexandria Real Estate Equities, Inc. | 2.00 | &nbsp;&nbsp; 5-18-2032 | 240000 | &nbsp;&nbsp; 206271 |
| Alexandria Real Estate Equities, Inc. | 3.38 | &nbsp;&nbsp; 8-15-2031 | 120000 | &nbsp;&nbsp; 113002 |
| Alexandria Real Estate Equities, Inc. | 3.95 | &nbsp;&nbsp; 1-15-2028 | 30000 | &nbsp;&nbsp; 29931 |
| AvalonBay Communities, Inc. | 4.35 | &nbsp;&nbsp; 12-1-2030 | 80000 | &nbsp;&nbsp; 80791 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Broad Market Core Bond ETF \| 9

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **REITs**(continued) |  |  |  |  |
| CubeSmart LP | 2.25<br> %<br>| &nbsp;&nbsp; 12-15-2028 | $230000 | &nbsp;&nbsp; $219211 |
| CubeSmart LP | 4.38 | &nbsp;&nbsp; 2-15-2029 | 180000 | &nbsp;&nbsp; 181378 |
| Digital Realty Trust LP | 4.45 | &nbsp;&nbsp; 7-15-2028 | 110000 | &nbsp;&nbsp; 111135 |
| DOC Dr. LLC | 2.63 | &nbsp;&nbsp; 11-1-2031 | 200000 | &nbsp;&nbsp; 181838 |
| Extra Space Storage LP | 3.90 | &nbsp;&nbsp; 4-1-2029 | 200000 | &nbsp;&nbsp; 198987 |
| Extra Space Storage LP | 4.95 | &nbsp;&nbsp; 1-15-2033 | 40000 | &nbsp;&nbsp; 40639 |
| Extra Space Storage LP | 5.50 | &nbsp;&nbsp; 7-1-2030 | 130000 | &nbsp;&nbsp; 136007 |
| Federal Realty OP LP | 3.20 | &nbsp;&nbsp; 6-15-2029 | 180000 | &nbsp;&nbsp; 175228 |
| Federal Realty OP LP | 5.38 | &nbsp;&nbsp; 5-1-2028 | 140000 | &nbsp;&nbsp; 143829 |
| Healthpeak OP LLC | 3.50 | &nbsp;&nbsp; 7-15-2029 | 200000 | &nbsp;&nbsp; 196035 |
| Kimco Realty OP LLC | 2.25 | &nbsp;&nbsp; 12-1-2031 | 115000 | &nbsp;&nbsp; 103585 |
| NNN REIT, Inc. | 4.30 | &nbsp;&nbsp; 10-15-2028 | 110000 | &nbsp;&nbsp; 110747 |
| NNN REIT, Inc. | 4.60 | &nbsp;&nbsp; 2-15-2031 | 140000 | &nbsp;&nbsp; 141879 |
| Prologis LP | 1.75 | &nbsp;&nbsp; 7-1-2030 | 110000 | &nbsp;&nbsp; 100010 |
| Prologis LP | 1.75 | &nbsp;&nbsp; 2-1-2031 | 30000 | &nbsp;&nbsp; 26850 |
| Regency Centers LP | 5.00 | &nbsp;&nbsp; 7-15-2032 | 100000 | &nbsp;&nbsp; 103074 |
| Rexford Industrial Realty LP | 5.00 | &nbsp;&nbsp; 6-15-2028 | 280000 | &nbsp;&nbsp; 284749 |
| UDR, Inc. | 2.10 | &nbsp;&nbsp; 8-1-2032 | 200000 | &nbsp;&nbsp; 174054 |
| UDR, Inc. | 3.00 | &nbsp;&nbsp; 8-15-2031 | 200000 | &nbsp;&nbsp; 187492 |
| UDR, Inc. | 3.20 | &nbsp;&nbsp; 1-15-2030 | 40000 | &nbsp;&nbsp; 38823 |
| Ventas Realty LP | 2.50 | &nbsp;&nbsp; 9-1-2031 | 30000 | &nbsp;&nbsp; 27298 |
| Ventas Realty LP | 4.40 | &nbsp;&nbsp; 1-15-2029 | 110000 | &nbsp;&nbsp; 111077 |
| Welltower OP LLC | 2.75 | &nbsp;&nbsp; 1-15-2032 | 150000 | &nbsp;&nbsp; 138492 |
| Welltower OP LLC | 2.80 | &nbsp;&nbsp; 6-1-2031 | 30000 | &nbsp;&nbsp; 28076 |
| Weyerhaeuser Co. | 3.38 | &nbsp;&nbsp; 3-9-2033 | 210000 | &nbsp;&nbsp; 194649 |
| Weyerhaeuser Co. | 4.00 | &nbsp;&nbsp; 4-15-2030 | 180000 | &nbsp;&nbsp; 178539 |
|  |  |  |  | &nbsp;&nbsp; **4228435** |
| **Industrial: 1.07%** |  |  |  |  |
| **Aerospace/defense: 0.27%** |  |  |  |  |
| Boeing Co. | 5.15 | &nbsp;&nbsp; 5-1-2030 | 160000 | &nbsp;&nbsp; 165719 |
| Boeing Co. | 5.71 | &nbsp;&nbsp; 5-1-2040 | 120000 | &nbsp;&nbsp; 124852 |
| L3Harris Technologies, Inc. | 5.40 | &nbsp;&nbsp; 7-31-2033 | 150000 | &nbsp;&nbsp; 158032 |
| RTX Corp. | 2.38 | &nbsp;&nbsp; 3-15-2032 | 50000 | &nbsp;&nbsp; 45075 |
|  |  |  |  | &nbsp;&nbsp; **493678** |
| **Building materials: 0.24%** |  |  |  |  |
| Amrize Finance U.S. LLC | 4.95 | &nbsp;&nbsp; 4-7-2030 | 120000 | &nbsp;&nbsp; 123460 |
| Lennox International, Inc. | 1.70 | &nbsp;&nbsp; 8-1-2027 | 82000 | &nbsp;&nbsp; 79524 |
| Lennox International, Inc. | 5.50 | &nbsp;&nbsp; 9-15-2028 | 90000 | &nbsp;&nbsp; 93144 |
| Masco Corp. | 2.00 | &nbsp;&nbsp; 10-1-2030 | 150000 | &nbsp;&nbsp; 135994 |
|  |  |  |  | &nbsp;&nbsp; **432122** |
| **Machinery-construction & mining: 0.04%** |  |  |  |  |
| Oshkosh Corp. | 3.10 | &nbsp;&nbsp; 3-1-2030 | 75000 | &nbsp;&nbsp; **72069** |
| **Machinery-diversified: 0.09%** |  |  |  |  |
| CNH Industrial Capital LLC | 5.10 | &nbsp;&nbsp; 4-20-2029 | 160000 | &nbsp;&nbsp; **164573** |

---

The accompanying notes are an integral part of these financial statements.

10 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Packaging & containers: 0.38%** |  |  |  |  |
| Packaging Corp. of America | 5.70<br> %<br>| &nbsp;&nbsp; 12-1-2033 | $170000 | &nbsp;&nbsp; $181248 |
| Sealed Air Corp.144A | 1.57 | &nbsp;&nbsp; 10-15-2026 | 350000 | &nbsp;&nbsp; 345128 |
| WRKCo, Inc. | 3.90 | &nbsp;&nbsp; 6-1-2028 | 50000 | &nbsp;&nbsp; 49955 |
| WRKCo, Inc. | 4.20 | &nbsp;&nbsp; 6-1-2032 | 109000 | &nbsp;&nbsp; 107097 |
|  |  |  |  | &nbsp;&nbsp; **683428** |
| **Transportation: 0.05%** |  |  |  |  |
| Norfolk Southern Corp. | 5.10 | &nbsp;&nbsp; 8-1-2118 | 100000 | &nbsp;&nbsp; **87237** |
| **Technology: 1.62%** |  |  |  |  |
| **Computers: 0.40%** |  |  |  |  |
| Hewlett Packard Enterprise Co. | 4.40 | &nbsp;&nbsp; 10-15-2030 | 155000 | &nbsp;&nbsp; 155205 |
| Hewlett Packard Enterprise Co. | 4.55 | &nbsp;&nbsp; 10-15-2029 | 290000 | &nbsp;&nbsp; 293468 |
| HP, Inc. | 4.00 | &nbsp;&nbsp; 4-15-2029 | 270000 | &nbsp;&nbsp; 268489 |
|  |  |  |  | &nbsp;&nbsp; **717162** |
| **Semiconductors: 0.30%** |  |  |  |  |
| Broadcom, Inc. | 4.30 | &nbsp;&nbsp; 1-15-2031 | 80000 | &nbsp;&nbsp; 80710 |
| Intel Corp. | 3.90 | &nbsp;&nbsp; 3-25-2030 | 120000 | &nbsp;&nbsp; 118618 |
| Intel Corp. | 5.00 | &nbsp;&nbsp; 2-21-2031 | 80000 | &nbsp;&nbsp; 82332 |
| Microchip Technology, Inc. | 5.05 | &nbsp;&nbsp; 3-15-2029 | 50000 | &nbsp;&nbsp; 51310 |
| Microchip Technology, Inc. | 5.05 | &nbsp;&nbsp; 2-15-2030 | 210000 | &nbsp;&nbsp; 215651 |
|  |  |  |  | &nbsp;&nbsp; **548621** |
| **Software: 0.92%** |  |  |  |  |
| Fiserv, Inc. | 3.50 | &nbsp;&nbsp; 7-1-2029 | 170000 | &nbsp;&nbsp; 165136 |
| Fiserv, Inc. | 4.20 | &nbsp;&nbsp; 10-1-2028 | 110000 | &nbsp;&nbsp; 110027 |
| Fiserv, Inc. | 4.55 | &nbsp;&nbsp; 2-15-2031 | 40000 | &nbsp;&nbsp; 39874 |
| Fiserv, Inc. | 4.75 | &nbsp;&nbsp; 3-15-2030 | 20000 | &nbsp;&nbsp; 20157 |
| Oracle Corp. | 2.88 | &nbsp;&nbsp; 3-25-2031 | 200000 | &nbsp;&nbsp; 181774 |
| Oracle Corp. | 3.80 | &nbsp;&nbsp; 11-15-2037 | 160000 | &nbsp;&nbsp; 131587 |
| Oracle Corp. | 3.85 | &nbsp;&nbsp; 7-15-2036 | 100000 | &nbsp;&nbsp; 85260 |
| Oracle Corp. | 5.70 | &nbsp;&nbsp; 2-4-2036 | 215000 | &nbsp;&nbsp; 215120 |
| Oracle Corp. | 5.88 | &nbsp;&nbsp; 9-26-2045 | 235000 | &nbsp;&nbsp; 212925 |
| Roper Technologies, Inc. | 2.95 | &nbsp;&nbsp; 9-15-2029 | 170000 | &nbsp;&nbsp; 162979 |
| Roper Technologies, Inc. | 4.45 | &nbsp;&nbsp; 9-15-2030 | 80000 | &nbsp;&nbsp; 80478 |
| Roper Technologies, Inc. | 4.50 | &nbsp;&nbsp; 10-15-2029 | 100000 | &nbsp;&nbsp; 101254 |
| Take-Two Interactive Software, Inc. | 5.40 | &nbsp;&nbsp; 6-12-2029 | 150000 | &nbsp;&nbsp; 155473 |
|  |  |  |  | &nbsp;&nbsp; **1662044** |
| **Utilities: 4.60%** |  |  |  |  |
| **Electric: 4.45%** |  |  |  |  |
| AEP Transmission Co. LLC | 5.15 | &nbsp;&nbsp; 4-1-2034 | 180000 | &nbsp;&nbsp; 186052 |
| Alabama Power Co. | 5.85 | &nbsp;&nbsp; 11-15-2033 | 70000 | &nbsp;&nbsp; 75768 |
| Alliant Energy Finance LLC144A | 3.60 | &nbsp;&nbsp; 3-1-2032 | 220000 | &nbsp;&nbsp; 208197 |
| Ameren Missouri Securitization Funding I LLC Series A-1 | 4.85 | &nbsp;&nbsp; 10-1-2039 | 192697 | &nbsp;&nbsp; 196521 |
| American Transmission Systems, Inc.144A | 2.65 | &nbsp;&nbsp; 1-15-2032 | 230000 | &nbsp;&nbsp; 210475 |
| Black Hills Corp. | 4.35 | &nbsp;&nbsp; 5-1-2033 | 240000 | &nbsp;&nbsp; 235295 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Broad Market Core Bond ETF \| 11

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Electric**(continued) |  |  |  |  |
| CenterPoint Energy Houston Electric LLC | 5.15<br> %<br>| &nbsp;&nbsp; 3-1-2034 | $100000 | &nbsp;&nbsp; $103617 |
| CenterPoint Energy Houston Electric LLC Series AI | 4.45 | &nbsp;&nbsp; 10-1-2032 | 370000 | &nbsp;&nbsp; 372519 |
| CenterPoint Energy Restoration Bond Co. III LLC Series A-3 | 4.86 | &nbsp;&nbsp; 12-15-2039 | 765000 | &nbsp;&nbsp; 773935 |
| Commonwealth Edison Co. Series 132 | 3.15 | &nbsp;&nbsp; 3-15-2032 | 180000 | &nbsp;&nbsp; 170260 |
| Commonwealth Edison Co. Series 133 | 3.85 | &nbsp;&nbsp; 3-15-2052 | 210000 | &nbsp;&nbsp; 159707 |
| Connecticut Light & Power Co. | 4.95 | &nbsp;&nbsp; 1-15-2030 | 350000 | &nbsp;&nbsp; 361673 |
| Consumers Securitization Funding LLC Series A2 | 5.21 | &nbsp;&nbsp; 9-1-2030 | 297000 | &nbsp;&nbsp; 307458 |
| Dominion Energy South Carolina, Inc. | 6.25 | &nbsp;&nbsp; 10-15-2053 | 130000 | &nbsp;&nbsp; 140789 |
| DTE Electric Co. Series C | 2.63 | &nbsp;&nbsp; 3-1-2031 | 130000 | &nbsp;&nbsp; 121824 |
| Duke Energy Carolinas LLC | 6.00 | &nbsp;&nbsp; 1-15-2038 | 120000 | &nbsp;&nbsp; 130789 |
| Duke Energy Carolinas LLC | 6.05 | &nbsp;&nbsp; 4-15-2038 | 130000 | &nbsp;&nbsp; 142433 |
| Duke Energy Progress LLC | 4.10 | &nbsp;&nbsp; 3-15-2043 | 140000 | &nbsp;&nbsp; 120989 |
| Entergy Arkansas LLC | 4.95 | &nbsp;&nbsp; 1-15-2036 | 100000 | &nbsp;&nbsp; 100940 |
| Entergy Arkansas LLC | 5.15 | &nbsp;&nbsp; 1-15-2033 | 180000 | &nbsp;&nbsp; 187368 |
| Entergy Arkansas LLC | 5.45 | &nbsp;&nbsp; 6-1-2034 | 110000 | &nbsp;&nbsp; 116340 |
| Evergy Kansas Central, Inc. | 5.25 | &nbsp;&nbsp; 3-15-2035 | 410000 | &nbsp;&nbsp; 421646 |
| Evergy Kansas Central, Inc. | 5.70 | &nbsp;&nbsp; 3-15-2053 | 100000 | &nbsp;&nbsp; 101964 |
| FirstEnergy Transmission LLC144A | 2.87 | &nbsp;&nbsp; 9-15-2028 | 120000 | &nbsp;&nbsp; 116721 |
| Indianapolis Power & Light Co.144A | 5.65 | &nbsp;&nbsp; 12-1-2032 | 100000 | &nbsp;&nbsp; 106152 |
| Indianapolis Power & Light Co.144A | 5.70 | &nbsp;&nbsp; 4-1-2054 | 190000 | &nbsp;&nbsp; 192181 |
| Interstate Power & Light Co. | 4.95 | &nbsp;&nbsp; 9-30-2034 | 100000 | &nbsp;&nbsp; 101215 |
| Kentucky Utilities Co. Series KENT | 5.45 | &nbsp;&nbsp; 4-15-2033 | 70000 | &nbsp;&nbsp; 74181 |
| Louisville Gas & Electric Co. Series LOU | 5.45 | &nbsp;&nbsp; 4-15-2033 | 250000 | &nbsp;&nbsp; 264200 |
| NorthWestern Corp.144A | 5.07 | &nbsp;&nbsp; 3-21-2030 | 190000 | &nbsp;&nbsp; 195949 |
| Oncor Electric Delivery Co. LLC | 4.15 | &nbsp;&nbsp; 6-1-2032 | 20000 | &nbsp;&nbsp; 19819 |
| Oncor Electric Delivery Co. LLC | 4.60 | &nbsp;&nbsp; 6-1-2052 | 220000 | &nbsp;&nbsp; 187896 |
| Oncor Electric Delivery Co. LLC144A | 5.35 | &nbsp;&nbsp; 4-1-2035 | 135000 | &nbsp;&nbsp; 140588 |
| Public Service Co. of New Hampshire | 5.35 | &nbsp;&nbsp; 10-1-2033 | 110000 | &nbsp;&nbsp; 116081 |
| Public Service Electric & Gas Co. | 3.10 | &nbsp;&nbsp; 3-15-2032 | 130000 | &nbsp;&nbsp; 122229 |
| Public Service Electric & Gas Co. | 5.20 | &nbsp;&nbsp; 3-1-2034 | 10000 | &nbsp;&nbsp; 10423 |
| Puget Sound Energy, Inc. | 5.33 | &nbsp;&nbsp; 6-15-2034 | 110000 | &nbsp;&nbsp; 114503 |
| Puget Sound Energy, Inc. | 5.45 | &nbsp;&nbsp; 6-1-2053 | 150000 | &nbsp;&nbsp; 146804 |
| Rochester Gas & Electric Corp.144A | 1.85 | &nbsp;&nbsp; 12-1-2030 | 170000 | &nbsp;&nbsp; 151771 |
| Tucson Electric Power Co. | 1.50 | &nbsp;&nbsp; 8-1-2030 | 100000 | &nbsp;&nbsp; 89446 |
| Tucson Electric Power Co. | 3.25 | &nbsp;&nbsp; 5-15-2032 | 70000 | &nbsp;&nbsp; 65713 |
| Union Electric Co. | 5.20 | &nbsp;&nbsp; 4-1-2034 | 290000 | &nbsp;&nbsp; 302720 |
| Union Electric Co. | 5.45 | &nbsp;&nbsp; 3-15-2053 | 170000 | &nbsp;&nbsp; 167485 |
| Virginia Power Fuel Securitization LLC Series A-2 | 4.88 | &nbsp;&nbsp; 5-1-2031 | 100000 | &nbsp;&nbsp; 103006 |
| Wisconsin Power & Light Co. | 3.95 | &nbsp;&nbsp; 9-1-2032 | 120000 | &nbsp;&nbsp; 117214 |
| Wisconsin Power & Light Co. | 5.38 | &nbsp;&nbsp; 3-30-2034 | 70000 | &nbsp;&nbsp; 72795 |
| Wisconsin Public Service Corp. | 4.25 | &nbsp;&nbsp; 1-15-2031 | 120000 | &nbsp;&nbsp; 121170 |
|  |  |  |  | &nbsp;&nbsp; **8046821** |
| **Gas: 0.15%** |  |  |  |  |
| CenterPoint Energy Resources Corp. | 1.75 | &nbsp;&nbsp; 10-1-2030 | 70000 | &nbsp;&nbsp; 63126 |
| Southern Co. Gas Capital Corp. | 4.95 | &nbsp;&nbsp; 9-15-2034 | 200000 | &nbsp;&nbsp; 202841 |
|  |  |  |  | &nbsp;&nbsp; **265967** |
| **Total corporate bonds and notes (Cost $45,433,651)** |  |  |  | &nbsp;&nbsp; **46873559** |

---

The accompanying notes are an integral part of these financial statements.

12 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Municipal obligations: 5.78%** |  |  |  |  |
| **California: 0.88%** |  |  |  |  |
| **GO revenue: 0.68%** |  |  |  |  |
| Foothill-De Anza Community College District Series E | 3.22<br> %<br>| &nbsp;&nbsp; 8-1-2038 | $225000 | &nbsp;&nbsp; $198603 |
| Glendale Unified School District Series B | 1.58 | &nbsp;&nbsp; 9-1-2030 | 200000 | &nbsp;&nbsp; 182673 |
| Los Angeles Community College District | 1.17 | &nbsp;&nbsp; 8-1-2026 | 100000 | &nbsp;&nbsp; 98985 |
| Los Angeles Community College District | 1.81 | &nbsp;&nbsp; 8-1-2030 | 100000 | &nbsp;&nbsp; 92948 |
| San Diego Community College District | 2.38 | &nbsp;&nbsp; 8-1-2033 | 235000 | &nbsp;&nbsp; 211425 |
| State of California | 5.75 | &nbsp;&nbsp; 10-1-2031 | 150000 | &nbsp;&nbsp; 164170 |
| State of California | 7.55 | &nbsp;&nbsp; 4-1-2039 | 235000 | &nbsp;&nbsp; 290340 |
|  |  |  |  | &nbsp;&nbsp; **1239144** |
| **Tax revenue: 0.20%** |  |  |  |  |
| San Jose Redevelopment Agency Successor Agency Series A-T | 3.38 | &nbsp;&nbsp; 8-1-2034 | 375000 | &nbsp;&nbsp; **359933** |
|  |  |  |  | &nbsp;&nbsp; **1599077** |
| **Florida: 0.09%** |  |  |  |  |
| **Housing revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp; Florida Housing Finance Corp. Series 4 (GNMA / FNMA / FHLMC <br> Insured)<br>| 5.50 | &nbsp;&nbsp; 7-1-2054 | 165000 | &nbsp;&nbsp; **170645** |
| **Hawaii: 0.01%** |  |  |  |  |
| **GO revenue: 0.01%** |  |  |  |  |
| City & County of Honolulu Series F | 3.75 | &nbsp;&nbsp; 9-1-2030 | 25000 | &nbsp;&nbsp; **25080** |
| **Louisiana: 0.38%** |  |  |  |  |
| **Miscellaneous revenue: 0.38%** |  |  |  |  |
| Louisiana Local Government Environmental Facilities & CDA Series A | 4.28 | &nbsp;&nbsp; 2-1-2036 | 525000 | &nbsp;&nbsp; 527552 |
| Louisiana Local Government Environmental Facilities & CDA Series A | 4.48 | &nbsp;&nbsp; 8-1-2039 | 100000 | &nbsp;&nbsp; 99656 |
| &nbsp;&nbsp; Louisiana Local Government Environmental Facilities & CDA <br> Series A1<br>| 5.05 | &nbsp;&nbsp; 12-1-2034 | 50000 | &nbsp;&nbsp; 52221 |
|  |  |  |  | &nbsp;&nbsp; **679429** |
| **Massachusetts: 0.59%** |  |  |  |  |
| **GO revenue: 0.29%** |  |  |  |  |
| Commonwealth of Massachusetts | 5.46 | &nbsp;&nbsp; 12-1-2039 | 250000 | &nbsp;&nbsp; 262105 |
| Commonwealth of Massachusetts Series C | 2.51 | &nbsp;&nbsp; 7-1-2041 | 125000 | &nbsp;&nbsp; 100301 |
| Commonwealth of Massachusetts Series D | 2.66 | &nbsp;&nbsp; 9-1-2039 | 193151 | &nbsp;&nbsp; 169467 |
|  |  |  |  | &nbsp;&nbsp; **531873** |
| **Miscellaneous revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp; Commonwealth of Massachusetts COVID-19 Recovery Assessment <br> Revenue Series B<br>| 4.11 | &nbsp;&nbsp; 7-15-2031 | 26828 | &nbsp;&nbsp; **27057** |
| **Tax revenue: 0.16%** |  |  |  |  |
| Massachusetts School Building Authority | 5.72 | &nbsp;&nbsp; 8-15-2039 | 275000 | &nbsp;&nbsp; **292082** |

---

The accompanying notes are an integral part of these financial statements.

Allspring Broad Market Core Bond ETF \| 13

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Water & sewer revenue: 0.12%** |  |  |  |  |
| Massachusetts Water Resources Authority | 3.10<br> %<br>| &nbsp;&nbsp; 8-1-2039 | $250000 | &nbsp;&nbsp; $**214842** |
|  |  |  |  | &nbsp;&nbsp; **1065854** |
| **Michigan: 0.21%** |  |  |  |  |
| **Health revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp; Michigan Finance Authority Trinity Health Corp. Obligated Group <br> Series T<br>| 3.08 | &nbsp;&nbsp; 12-1-2034 | 410000 | &nbsp;&nbsp; **382410** |
| **Nebraska: 0.31%** |  |  |  |  |
| **Education revenue: 0.12%** |  |  |  |  |
| University of Nebraska Facilities Corp. Series A | 3.19 | &nbsp;&nbsp; 10-1-2039 | 250000 | &nbsp;&nbsp; **218144** |
| **Housing revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp; Nebraska Investment Finance Authority Series B (GNMA / FNMA / <br> FHLMC Insured)<br>| 6.00 | &nbsp;&nbsp; 9-1-2053 | 320000 | &nbsp;&nbsp; **337468** |
|  |  |  |  | &nbsp;&nbsp; **555612** |
| **Nevada: 0.18%** |  |  |  |  |
| **Housing revenue: 0.18%** |  |  |  |  |
| Nevada Housing Division Series F (GNMA / FNMA / FHLMC Insured) | 6.00 | &nbsp;&nbsp; 10-1-2054 | 305000 | &nbsp;&nbsp; **320193** |
| **New York: 0.75%** |  |  |  |  |
| **GO revenue: 0.02%** |  |  |  |  |
| State of New York Series B | 2.36 | &nbsp;&nbsp; 2-15-2027 | 40000 | &nbsp;&nbsp; **39508** |
| **Tax revenue: 0.51%** |  |  |  |  |
| &nbsp;&nbsp; New York City Transitional Finance Authority Future Tax Secured <br> Revenue Series I-2<br>| 5.22 | &nbsp;&nbsp; 5-1-2033 | 325000 | &nbsp;&nbsp; 346582 |
| &nbsp;&nbsp; New York State Dormitory Authority Personal Income Tax Revenue <br> Series D<br>| 5.50 | &nbsp;&nbsp; 3-15-2030 | 88422 | &nbsp;&nbsp; 90178 |
| &nbsp;&nbsp; New York State Dormitory Authority Personal Income Tax Revenue <br> Series F<br>| 5.63 | &nbsp;&nbsp; 3-15-2039 | 470000 | &nbsp;&nbsp; 488410 |
|  |  |  |  | &nbsp;&nbsp; **925170** |
| **Water & sewer revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp; New York City Municipal Water Finance Authority Water & Sewer <br> System Series GG<br>| 5.72 | &nbsp;&nbsp; 6-15-2042 | 375000 | &nbsp;&nbsp; **385859** |
|  |  |  |  | &nbsp;&nbsp; **1350537** |
| **North Carolina: 0.14%** |  |  |  |  |
| **Education revenue: 0.14%** |  |  |  |  |
| University of North Carolina at Chapel Hill | 3.85 | &nbsp;&nbsp; 12-1-2034 | 260000 | &nbsp;&nbsp; **256214** |
| **Ohio: 0.38%** |  |  |  |  |
| **GO revenue: 0.12%** |  |  |  |  |
| County of Cuyahoga Series B | 6.03 | &nbsp;&nbsp; 12-1-2034 | 200000 | &nbsp;&nbsp; **214630** |

---

The accompanying notes are an integral part of these financial statements.

14 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Health revenue: 0.18%** |  |  |  |  |
| &nbsp;&nbsp; Ohio Higher Educational Facility Commission Cleveland Clinic Health <br> System Obligated Group<br>| 4.72<br> %<br>| &nbsp;&nbsp; 1-1-2032 | $100000 | &nbsp;&nbsp; $103803 |
| &nbsp;&nbsp; State of Ohio Cleveland Clinic Health System Obligated Group <br> Series B<br>| 3.17 | &nbsp;&nbsp; 1-1-2030 | 100000 | &nbsp;&nbsp; 98625 |
| &nbsp;&nbsp; State of Ohio Cleveland Clinic Health System Obligated Group <br> Series G<br>| 3.28 | &nbsp;&nbsp; 1-1-2042 | 150000 | &nbsp;&nbsp; 131348 |
|  |  |  |  | &nbsp;&nbsp; **333776** |
| **Miscellaneous revenue: 0.08%** |  |  |  |  |
| JobsOhio Beverage System Series B | 4.89 | &nbsp;&nbsp; 1-1-2040 | 135000 | &nbsp;&nbsp; **137631** |
|  |  |  |  | &nbsp;&nbsp; **686037** |
| **Oklahoma: 0.31%** |  |  |  |  |
| **Utilities revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp; Oklahoma Development Finance Authority Public Service Co. of <br> Oklahoma Series A-1<br>| 4.14 | &nbsp;&nbsp; 12-1-2033 | 90689 | &nbsp;&nbsp; 91115 |
| Oklahoma Development Finance Authority Series 2022-ONG | 4.38 | &nbsp;&nbsp; 11-1-2045 | 270000 | &nbsp;&nbsp; 262828 |
| Oklahoma Development Finance Authority Series A-2 | 4.85 | &nbsp;&nbsp; 2-1-2045 | 200000 | &nbsp;&nbsp; 202786 |
|  |  |  |  | &nbsp;&nbsp; **556729** |
| **Oregon: 0.28%** |  |  |  |  |
| **GO revenue: 0.28%** |  |  |  |  |
| State of Oregon | 5.89 | &nbsp;&nbsp; 6-1-2027 | 49670 | &nbsp;&nbsp; 50445 |
| State of Oregon Series A | 5.90 | &nbsp;&nbsp; 8-1-2038 | 190000 | &nbsp;&nbsp; 206988 |
| State of Oregon Series B | 5.30 | &nbsp;&nbsp; 5-1-2036 | 225000 | &nbsp;&nbsp; 244434 |
|  |  |  |  | &nbsp;&nbsp; **501867** |
| **Texas: 1.02%** |  |  |  |  |
| **Education revenue: 0.14%** |  |  |  |  |
| Waco Educational Finance Corp. Baylor University Series B | 4.87 | &nbsp;&nbsp; 3-1-2030 | 250000 | &nbsp;&nbsp; **259211** |
| **GO revenue: 0.59%** |  |  |  |  |
| City of Garland | 4.54 | &nbsp;&nbsp; 2-15-2032 | 450000 | &nbsp;&nbsp; 465910 |
| State of Texas | 5.52 | &nbsp;&nbsp; 4-1-2039 | 210895 | &nbsp;&nbsp; 222158 |
| State of Texas Series A | 4.68 | &nbsp;&nbsp; 4-1-2040 | 35000 | &nbsp;&nbsp; 35169 |
| Texas Transportation Commission Mobility Fund | 1.88 | &nbsp;&nbsp; 10-1-2034 | 350000 | &nbsp;&nbsp; 295770 |
| Texas Transportation Commission Mobility Fund | 2.47 | &nbsp;&nbsp; 10-1-2044 | 75000 | &nbsp;&nbsp; 54564 |
|  |  |  |  | &nbsp;&nbsp; **1073571** |
| **Tax revenue: 0.12%** |  |  |  |  |
| Dallas Area Rapid Transit Series B | 6.00 | &nbsp;&nbsp; 12-1-2044 | 200000 | &nbsp;&nbsp; **209995** |
| **Utilities revenue: 0.17%** |  |  |  |  |
| Texas Natural Gas Securitization Finance Corp. | 5.17 | &nbsp;&nbsp; 4-1-2041 | 125000 | &nbsp;&nbsp; 130249 |
| Texas Natural Gas Securitization Finance Corp. Series 2023-1 | 5.10 | &nbsp;&nbsp; 4-1-2035 | 171648 | &nbsp;&nbsp; 178847 |
|  |  |  |  | &nbsp;&nbsp; **309096** |
|  |  |  |  | &nbsp;&nbsp; **1851873** |

---

The accompanying notes are an integral part of these financial statements.

Allspring Broad Market Core Bond ETF \| 15

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Virginia: 0.25%** |  |  |  |  |
| **Housing revenue: 0.25%** |  |  |  |  |
| Virginia College Building Authority Series 2020B | 1.97<br> %<br>| &nbsp;&nbsp; 2-1-2032 | $150000 | &nbsp;&nbsp; $134525 |
| Virginia Resources Authority Series B | 5.70 | &nbsp;&nbsp; 11-1-2039 | 310000 | &nbsp;&nbsp; 318962 |
|  |  |  |  | &nbsp;&nbsp; **453487** |
| **Total municipal obligations (Cost $10,064,558)** |  |  |  | &nbsp;&nbsp; **10455044** |
| **Non-agency mortgage-backed securities: 6.17%** |  |  |  |  |
| &nbsp;&nbsp; ALA Trust Series 2025-OANA Class A (U.S. SOFR 1 <br> Month+1.74%)144A±<br>| 5.40 | &nbsp;&nbsp; 6-15-2040 | 240000 | &nbsp;&nbsp; 241204 |
| Bank5 Series 2024-5YR10 Class A3 | 5.30 | &nbsp;&nbsp; 10-15-2057 | 490000 | &nbsp;&nbsp; 508709 |
| Benchmark Mortgage Trust Series 2020-B16 Class A4 | 2.48 | &nbsp;&nbsp; 2-15-2053 | 350000 | &nbsp;&nbsp; 330525 |
| &nbsp;&nbsp; BLP Commercial Mortgage Trust Series 2025-IND2 Class A (U.S. SOFR <br> 1 Month+1.50%)144A±<br>| 5.16 | &nbsp;&nbsp; 12-15-2042 | 95000 | &nbsp;&nbsp; 95059 |
| &nbsp;&nbsp; BMP Trust Series 2024-MF23 Class A (U.S. SOFR 1 <br> Month+1.37%)144A±<br>| 5.03 | &nbsp;&nbsp; 6-15-2041 | 300000 | &nbsp;&nbsp; 300094 |
| &nbsp;&nbsp; BOCA Commercial Mortgage Trust Series 2025-BOCA Class A <br> (U.S. SOFR 1 Month+1.60%)144A±<br>| 5.26 | &nbsp;&nbsp; 12-15-2042 | 155000 | &nbsp;&nbsp; 155630 |
| &nbsp;&nbsp; BX Commercial Mortgage Trust Series 2022-AHP Class A (U.S. SOFR 1 <br> Month+0.99%)144A±<br>| 4.65 | &nbsp;&nbsp; 1-17-2039 | 350000 | &nbsp;&nbsp; 349891 |
| &nbsp;&nbsp; BX Commercial Mortgage Trust Series 2024-AIRC Class A (U.S. SOFR <br> 1 Month+1.69%)144A±<br>| 5.35 | &nbsp;&nbsp; 8-15-2041 | 346901 | &nbsp;&nbsp; 347808 |
| &nbsp;&nbsp; BX Commercial Mortgage Trust Series 2024-GPA3 Class A (U.S. SOFR <br> 1 Month+1.29%)144A±<br>| 4.95 | &nbsp;&nbsp; 12-15-2039 | 117619 | &nbsp;&nbsp; 117656 |
| &nbsp;&nbsp; BX Commercial Mortgage Trust Series 2024-XL5 Class A (U.S. SOFR 1 <br> Month+1.39%)144A±<br>| 5.05 | &nbsp;&nbsp; 3-15-2041 | 213950 | &nbsp;&nbsp; 214017 |
| &nbsp;&nbsp; BX Commercial Mortgage Trust Series 2026-CSMO Class A <br> (U.S. SOFR 1 Month+1.40%)144A±<br>| 5.07 | &nbsp;&nbsp; 2-15-2042 | 295000 | &nbsp;&nbsp; 295000 |
| &nbsp;&nbsp; BX Trust Series 2021-RISE Class A (U.S. SOFR 1 <br> Month+0.86%)144A±<br>| 4.52 | &nbsp;&nbsp; 11-15-2036 | 126799 | &nbsp;&nbsp; 126778 |
| BX Trust Series 2024-BIO Class A (U.S. SOFR 1 Month+1.64%)144A± | 5.30 | &nbsp;&nbsp; 2-15-2041 | 150000 | &nbsp;&nbsp; 150000 |
| BX Trust Series 2025-ARIA Class A144A±± | 5.03 | &nbsp;&nbsp; 12-13-2042 | 180000 | &nbsp;&nbsp; 184776 |
| &nbsp;&nbsp; BX Trust Series 2025-DIME Class A (U.S. SOFR 1 <br> Month+1.15%)144A±<br>| 4.81 | &nbsp;&nbsp; 2-15-2035 | 665000 | &nbsp;&nbsp; 664101 |
| &nbsp;&nbsp; BX Trust Series 2025-LUNR Class A (U.S. SOFR 1 <br> Month+1.50%)144A±<br>| 5.16 | &nbsp;&nbsp; 6-15-2040 | 336229 | &nbsp;&nbsp; 336649 |
| &nbsp;&nbsp; BX Trust Series 2025-ROIC Class A (U.S. SOFR 1 <br> Month+1.14%)144A±<br>| 4.80 | &nbsp;&nbsp; 3-15-2030 | 263524 | &nbsp;&nbsp; 263195 |
| CSAIL Commercial Mortgage Trust Series 2020-C19 Class A2 | 2.32 | &nbsp;&nbsp; 3-15-2053 | 600000 | &nbsp;&nbsp; 563051 |
| &nbsp;&nbsp; Extended Stay America Trust Series 2025-ESH Class A (U.S. SOFR 1 <br> Month+1.30%)144A±<br>| 4.96 | &nbsp;&nbsp; 10-15-2042 | 190000 | &nbsp;&nbsp; 190238 |
| &nbsp;&nbsp; Extended Stay America Trust Series 2026-ESH2 Class A (U.S. SOFR 1 <br> Month+1.20%)144A±<br>| 4.86 | &nbsp;&nbsp; 2-15-2043 | 175000 | &nbsp;&nbsp; 175055 |
| FNMA♦%% | 4.39 | &nbsp;&nbsp; 3-1-2033 | 1130000 | &nbsp;&nbsp; 1145978 |
| GS Mortgage Securities Trust Series 2019-GC42 Class A3 | 2.75 | &nbsp;&nbsp; 9-10-2052 | 350000 | &nbsp;&nbsp; 335445 |
| &nbsp;&nbsp; GWT Trust Series 2024-WLF2 Class A (U.S. SOFR 1 <br> Month+1.69%)144A±<br>| 5.35 | &nbsp;&nbsp; 5-15-2041 | 300000 | &nbsp;&nbsp; 300188 |
| Hudson Yards Mortgage Trust Series 2025-SPRL Class A144A±± | 5.47 | &nbsp;&nbsp; 1-13-2040 | 260000 | &nbsp;&nbsp; 271087 |
| &nbsp;&nbsp; INTOWN Mortgage Trust Series 2025-STAY Class A (U.S. SOFR 1 <br> Month+1.35%)144A±<br>| 5.01 | &nbsp;&nbsp; 3-15-2042 | 300000 | &nbsp;&nbsp; 300281 |

---

The accompanying notes are an integral part of these financial statements.

16 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Non-agency mortgage-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp; Life Mortgage Trust Series 2022-BMR2 Class A1 (U.S. SOFR 1 <br> Month+1.30%)144A±<br>| 4.95<br> %<br>| &nbsp;&nbsp; 5-15-2039 | $140000 | &nbsp;&nbsp; $135275 |
| ONNI Commercial Mortgage Trust Series 2024-APT Class A144A±± | 5.75 | &nbsp;&nbsp; 7-15-2039 | 350000 | &nbsp;&nbsp; 357806 |
| &nbsp;&nbsp; PLYM Commercial Mortgage Trust Series 2026-IND Class A <br> (U.S. SOFR 1 Month+1.25%)144A±%%<br>| 4.90 | &nbsp;&nbsp; 3-15-2043 | 305000 | &nbsp;&nbsp; 305000 |
| ROCK Trust Series 2024-CNTR Class A144A | 5.39 | &nbsp;&nbsp; 11-13-2041 | 150000 | &nbsp;&nbsp; 155243 |
| &nbsp;&nbsp; SHR Trust Series 2024-LXRY Class A (U.S. SOFR 1 <br> Month+1.95%)144A±<br>| 5.61 | &nbsp;&nbsp; 10-15-2041 | 385000 | &nbsp;&nbsp; 385481 |
| &nbsp;&nbsp; SMRT Commercial Mortgage Trust Series 2022-MINI Class A <br> (U.S. SOFR 1 Month+1.00%)144A±<br>| 4.66 | &nbsp;&nbsp; 1-15-2039 | 170000 | &nbsp;&nbsp; 169999 |
| &nbsp;&nbsp; SREIT Trust Series 2021-MFP2 Class A (U.S. SOFR 1 <br> Month+0.94%)144A±<br>| 4.60 | &nbsp;&nbsp; 11-15-2036 | 350000 | &nbsp;&nbsp; 349891 |
| &nbsp;&nbsp; SWCH Commercial Mortgage Trust Series 2025-DATA Class A <br> (U.S. SOFR 1 Month+1.44%)144A±<br>| 5.10 | &nbsp;&nbsp; 2-15-2042 | 255000 | &nbsp;&nbsp; 252762 |
| &nbsp;&nbsp; TCO Commercial Mortgage Trust Series 2024-DPM Class A (U.S. SOFR <br> 1 Month+1.24%)144A±<br>| 4.90 | &nbsp;&nbsp; 12-15-2039 | 125000 | &nbsp;&nbsp; 125156 |
| Wells Fargo Commercial Mortgage Trust Series 2019-C51 Class A3 | 3.06 | &nbsp;&nbsp; 6-15-2052 | 754339 | &nbsp;&nbsp; 730542 |
| WHARF Commercial Mortgage Trust Series 2025-DC Class A144A±± | 5.53 | &nbsp;&nbsp; 7-15-2040 | 225000 | &nbsp;&nbsp; 233488 |
| **Total non-agency mortgage-backed securities (Cost $11,098,517)** |  |  |  | &nbsp;&nbsp; **11163058** |
| **U.S. Treasury securities: 14.92%** |  |  |  |  |
| U.S. Treasury Bonds## | 4.63 | &nbsp;&nbsp; 11-15-2045 | 6845000 | &nbsp;&nbsp; 6889920 |
| U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 2-15-2055 | 2970000 | &nbsp;&nbsp; 2961995 |
| U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 11-15-2055 | 1625000 | &nbsp;&nbsp; 1622207 |
| U.S. Treasury Bonds | 4.75 | &nbsp;&nbsp; 5-15-2055 | 1955000 | &nbsp;&nbsp; 1989594 |
| U.S. Treasury Bonds | 4.75 | &nbsp;&nbsp; 8-15-2055 | 3220000 | &nbsp;&nbsp; 3278866 |
| U.S. Treasury Bonds | 5.00 | &nbsp;&nbsp; 5-15-2045 | 4645000 | &nbsp;&nbsp; 4910273 |
| U.S. Treasury Notes | 3.50 | &nbsp;&nbsp; 10-31-2027 | 3525000 | &nbsp;&nbsp; 3528993 |
| U.S. Treasury Notes | 3.50 | &nbsp;&nbsp; 2-15-2029 | 1800000 | &nbsp;&nbsp; 1805625 |
| **Total U.S. Treasury securities (Cost $26,303,325)** |  |  |  | &nbsp;&nbsp; **26987473** |
| **Yankee corporate bonds and notes: 4.08%** |  |  |  |  |
| **Basic materials: 0.83%** |  |  |  |  |
| **Chemicals: 0.25%** |  |  |  |  |
| Nutrien Ltd. | 2.95 | &nbsp;&nbsp; 5-13-2030 | 100000 | &nbsp;&nbsp; 95376 |
| Nutrien Ltd. | 4.90 | &nbsp;&nbsp; 3-27-2028 | 100000 | &nbsp;&nbsp; 101812 |
| Nutrien Ltd. | 5.25 | &nbsp;&nbsp; 3-12-2032 | 240000 | &nbsp;&nbsp; 250635 |
|  |  |  |  | &nbsp;&nbsp; **447823** |
| **Mining: 0.58%** |  |  |  |  |
| Anglo American Capital PLC144A | 2.63 | &nbsp;&nbsp; 9-10-2030 | 400000 | &nbsp;&nbsp; 373409 |
| BHP Billiton Finance USA Ltd. | 5.00 | &nbsp;&nbsp; 2-21-2030 | 100000 | &nbsp;&nbsp; 103683 |
| Rio Tinto Finance USA PLC | 5.00 | &nbsp;&nbsp; 3-14-2032 | 210000 | &nbsp;&nbsp; 218258 |
| South32 Treasury Ltd.144A | 4.35 | &nbsp;&nbsp; 4-14-2032 | 370000 | &nbsp;&nbsp; 365127 |
|  |  |  |  | &nbsp;&nbsp; **1060477** |

---

The accompanying notes are an integral part of these financial statements.

Allspring Broad Market Core Bond ETF \| 17

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Communications: 0.47%** |  |  |  |  |
| **Telecommunications: 0.47%** |  |  |  |  |
| NTT Finance Corp.144A | 5.17<br> %<br>| &nbsp;&nbsp; 7-16-2032 | $360000 | &nbsp;&nbsp; $372183 |
| Orange SA144A | 4.25 | &nbsp;&nbsp; 1-13-2031 | 200000 | &nbsp;&nbsp; 200326 |
| Rogers Communications, Inc. | 3.80 | &nbsp;&nbsp; 3-15-2032 | 170000 | &nbsp;&nbsp; 162721 |
| Rogers Communications, Inc. | 5.00 | &nbsp;&nbsp; 2-15-2029 | 110000 | &nbsp;&nbsp; 112534 |
|  |  |  |  | &nbsp;&nbsp; **847764** |
| **Energy: 0.39%** |  |  |  |  |
| **Oil & gas: 0.20%** |  |  |  |  |
| Canadian Natural Resources Ltd. | 5.00 | &nbsp;&nbsp; 12-15-2029 | 340000 | &nbsp;&nbsp; **350896** |
| **Pipelines: 0.19%** |  |  |  |  |
| Enbridge, Inc. | 3.13 | &nbsp;&nbsp; 11-15-2029 | 120000 | &nbsp;&nbsp; 116040 |
| Enbridge, Inc. | 5.70 | &nbsp;&nbsp; 3-8-2033 | 220000 | &nbsp;&nbsp; 233823 |
|  |  |  |  | &nbsp;&nbsp; **349863** |
| **Financial: 1.94%** |  |  |  |  |
| **Banks: 1.94%** |  |  |  |  |
| Bank of Montreal (U.S. SOFR+1.08%)± | 4.35 | &nbsp;&nbsp; 9-22-2031 | 200000 | &nbsp;&nbsp; 201291 |
| Bank of Montreal (U.S. SOFR+1.25%)± | 4.64 | &nbsp;&nbsp; 9-10-2030 | 50000 | &nbsp;&nbsp; 50917 |
| Bank of Nova Scotia | 4.85 | &nbsp;&nbsp; 2-1-2030 | 150000 | &nbsp;&nbsp; 154409 |
| Bank of Nova Scotia (U.S. SOFR+1.07%)± | 5.13 | &nbsp;&nbsp; 2-14-2031 | 160000 | &nbsp;&nbsp; 165668 |
| Bank of Nova Scotia (U.S. SOFR+1.09%)± | 4.34 | &nbsp;&nbsp; 9-15-2031 | 75000 | &nbsp;&nbsp; 75267 |
| BNP Paribas SA (U.S. SOFR+1.22%)144A± | 2.16 | &nbsp;&nbsp; 9-15-2029 | 300000 | &nbsp;&nbsp; 285371 |
| HSBC Holdings PLC (U.S. SOFR+1.29%)± | 5.13 | &nbsp;&nbsp; 3-3-2031 | 200000 | &nbsp;&nbsp; 206365 |
| HSBC Holdings PLC (U.S. SOFR+1.41%)± | 2.87 | &nbsp;&nbsp; 11-22-2032 | 300000 | &nbsp;&nbsp; 275992 |
| HSBC Holdings PLC (U.S. SOFR+1.97%)± | 6.16 | &nbsp;&nbsp; 3-9-2029 | 250000 | &nbsp;&nbsp; 259939 |
| &nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant <br> Maturity+0.80%)±<br>| 4.53 | &nbsp;&nbsp; 9-12-2031 | 250000 | &nbsp;&nbsp; 253003 |
| &nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant <br> Maturity+0.95%)±<br>| 2.31 | &nbsp;&nbsp; 7-20-2032 | 300000 | &nbsp;&nbsp; 271310 |
| Royal Bank of Canada (U.S. SOFR+1.03%)± | 5.15 | &nbsp;&nbsp; 2-4-2031 | 50000 | &nbsp;&nbsp; 51854 |
| Royal Bank of Canada (U.S. SOFR+1.06%)± | 4.70 | &nbsp;&nbsp; 8-6-2031 | 120000 | &nbsp;&nbsp; 122608 |
| Royal Bank of Canada (U.S. SOFR+1.10%)± | 4.97 | &nbsp;&nbsp; 8-2-2030 | 250000 | &nbsp;&nbsp; 257219 |
| Sumitomo Mitsui Financial Group, Inc. | 3.04 | &nbsp;&nbsp; 7-16-2029 | 250000 | &nbsp;&nbsp; 242262 |
| Toronto-Dominion Bank | 4.99 | &nbsp;&nbsp; 4-5-2029 | 170000 | &nbsp;&nbsp; 175184 |
| UBS Group AG (1 Year Treasury Constant Maturity+1.00%)144A± | 2.10 | &nbsp;&nbsp; 2-11-2032 | 300000 | &nbsp;&nbsp; 269714 |
| UBS Group AG (1 Year Treasury Constant Maturity+1.10%)144A± | 2.75 | &nbsp;&nbsp; 2-11-2033 | 200000 | &nbsp;&nbsp; 180951 |
|  |  |  |  | &nbsp;&nbsp; **3499324** |
| **Industrial: 0.31%** |  |  |  |  |
| **Aerospace/defense: 0.11%** |  |  |  |  |
| BAE Systems PLC144A | 3.40 | &nbsp;&nbsp; 4-15-2030 | 200000 | &nbsp;&nbsp; **195362** |
| **Building materials: 0.11%** |  |  |  |  |
| CRH SMW Finance DAC | 5.20 | &nbsp;&nbsp; 5-21-2029 | 200000 | &nbsp;&nbsp; **207326** |
| **Transportation: 0.09%** |  |  |  |  |
| Canadian National Railway Co. | 4.20 | &nbsp;&nbsp; 3-12-2031 | 160000 | &nbsp;&nbsp; **161027** |

---

The accompanying notes are an integral part of these financial statements.

18 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Technology: 0.14%** |  |  |  |  |
| **Semiconductors: 0.14%** |  |  |  |  |
| NXP BV/NXP Funding LLC/NXP USA, Inc. | 2.65<br> %<br>| &nbsp;&nbsp; 2-15-2032 | $70000 | &nbsp;&nbsp; $63235 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. | 4.85 | &nbsp;&nbsp; 8-19-2032 | 100000 | &nbsp;&nbsp; 101733 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. | 5.00 | &nbsp;&nbsp; 1-15-2033 | 80000 | &nbsp;&nbsp; 81875 |
|  |  |  |  | &nbsp;&nbsp; **246843** |
| **Total yankee corporate bonds and notes (Cost $7,124,551)** |  |  |  | &nbsp;&nbsp; **7366705** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 1.26%** |  |  |  |  |
| **Investment companies: 1.26%** |  |  |  |  |
| Allspring Government Money Market Fund Select Class♠∞## |  | 3.62 | 2274021 | &nbsp;&nbsp; **2274021** |
| **Total short-term investments (Cost $2,274,021)** |  |  |  | &nbsp;&nbsp; **2274021** |
| **Total investments in securities (Cost $175,111,975)** | 100.05<br> %<br>|  |  | &nbsp;&nbsp; 180936842 |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Interest <br>rate<br>|  | Principal |  |
| **TBA sale commitments: (1.00)%** |  |  |  |  |  |
| **Agency securities: (1.00)%** |  |  |  |  |  |
| FNMA%% |  | 3.00 | &nbsp;&nbsp; 3-12-2056 | (2000000)<br>| &nbsp;&nbsp; **(1808376)**<br>|
| **Total agency securities (Cost $(1769766))** |  |  |  |  | &nbsp;&nbsp; **(1808376)**<br>|
| **Total TBA sale commitments (proceeds $(1769766))** | (1.00)%<br>|  |  |  | &nbsp;&nbsp; (1808376)<br>|
| Other assets and liabilities, net | 0.95 |  |  |  | &nbsp;&nbsp; 1722808 |
| **Total net assets** | **100.00%**<br>|  |  |  | &nbsp;&nbsp; **$180851274** |

---

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

---

| | |
|:---|:---|
| 144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of <br> 1933.<br>|
| øø | The interest rate is determined and reset by the issuer periodically depending upon the terms of the security. The rate shown is the rate in effect at period end. |
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| ±± | The coupon of the security is adjusted based on the principal and/or interest payments received from the underlying pool of mortgages as well as the credit quality <br> and the actual prepayment speed of the underlying mortgages. The rate shown is the rate in effect at period end.<br>|
| ♦ | The security is fair valued in accordance with procedures approved by Allspring Funds Management, LLC. |
| %% | The security is purchased on a when-issued basis. |
| ## | All or a portion of this security is segregated as collateral for when-issued securities. |
| ♠ | The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. |
| ∞ | The rate represents the 7-day annualized yield at period end. |

---

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

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| CDA | Community Development Authority |
| FHLMC | Federal Home Loan Mortgage Corporation |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General obligation |
| REIT | Real estate investment trust |
| SBA | Small Business Authority |
| SOFR | Secured Overnight Financing Rate |

---

The accompanying notes are an integral part of these financial statements.

Allspring Broad Market Core Bond ETF \| 19

------

Portfolio of investments—February 28, 2026 (unaudited)

**Investments in affiliates**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| Allspring Government Money Market Fund Select <br> Class<br>| $1503963 | $31311140 | $(30541082)<br>| $0 | $0 | $2274021 | 2274021 | $39336 |

---

The accompanying notes are an integral part of these financial statements.

20 \| Allspring Broad Market Core Bond ETF

------

Statement of assets and liabilities—February 28, 2026 (unaudited)

Financial statements

Statement of assets and liabilities

---

| | |
|:---|:---|
| Assets |  |
| Investments in unaffiliated securities, at value (cost $172,837,954) | $178662821 |
| Investments in affiliated securities, at value (cost $2,274,021) | 2274021 |
| Cash | 484 |
| Receivable for investments sold | 4991221 |
| Receivable for interest | 1483329 |
| **Total assets** | **187411876** |
| Liabilities |  |
| Payable for investments purchased | 4722697 |
| TBA sale commitments, at value (proceeds received $1,769,766) | 1808376 |
| Management fee payable | 27659 |
| Accrued expenses and other liabilities | 1870 |
| **Total liabilities** | **6560602** |
| **Total net assets**  | **$180851274** |
| Net assets consist of |  |
| Paid-in capital | $173670410 |
| Total distributable earnings | 7180864 |
| **Total net assets** | **$180851274** |
| Net asset value per share |  |
| Based on $180,851,274 divided by 7,100,000 shares issued and outstanding (unlimited number of shares authorized) | $25.47 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Broad Market Core Bond ETF \| 21

------

Statement of operations—six months ended February 28, 2026 (unaudited)

Statement of operations

---

| | |
|:---|:---|
| Investment income |  |
| Interest | $4328676 |
| Income from affiliated securities | 39336 |
| **Total investment income** | **4368012** |
| Expenses |  |
| Management fee | 169653 |
| Interest expense | 50 |
| **Total expenses** | **169703** |
| **Net investment income** | **4198309** |
| Realized and unrealized gains (losses) on investments |  |
| Net realized gains (losses) on |  |
| Unaffiliated securities | 873260 |
| Unaffiliated in-kind redemptions | 465199 |
| Futures contracts | (17726)<br>|
| **Net realized gains on investments**  | **1320733** |
| Net change in unrealized gains (losses) on |  |
| Unaffiliated securities | 2425958 |
| TBA sale commitments | (38610)<br>|
| **Net change in unrealized gains (losses) on investments** | **2387348** |
| **Net realized and unrealized gains (losses) on investments** | **3708081** |
| **Net increase in net assets resulting from operations** | **$7906390** |

---

The accompanying notes are an integral part of these financial statements.

22 \| Allspring Broad Market Core Bond ETF

------

Statement of changes in net assets

Statement of changes in net assets

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Six months ended<br> February 28, 2026<br> (unaudited) | Six months ended<br> February 28, 2026<br> (unaudited) | Year ended<br> August 31, 2025<sup>1</sup> | Year ended<br> August 31, 2025<sup>1</sup> |
| Operations |  |  |  |  |
| Net investment income |  | &nbsp;&nbsp; $4198309 |  | &nbsp;&nbsp; $5205020 |
| Net realized gains on investments |  | &nbsp;&nbsp; 1320733 |  | &nbsp;&nbsp; 627867 |
| Net change in unrealized gains (losses) on investments |  | &nbsp;&nbsp; 2387348 |  | &nbsp;&nbsp; 3398909 |
| **Net increase in net assets resulting from operations** |  | &nbsp;&nbsp; **7906390** |  | &nbsp;&nbsp; **9231796** |
| Distributions to shareholders from |  |  |  |  |
| Net investment income and net realized gains |  | &nbsp;&nbsp; (4795482)<br>|  | &nbsp;&nbsp; (4900712)<br>|
| Capital share transactions | Shares |  | &nbsp;&nbsp; Shares |  |
| Proceeds from shares sold | 700000 | &nbsp;&nbsp; 17665084 | &nbsp;&nbsp; 8100001 | &nbsp;&nbsp; 198215021 |
| Payment for shares redeemed | (700000)<br>| &nbsp;&nbsp; (17725862)<br>| &nbsp;&nbsp; (1000001)<br>| &nbsp;&nbsp; (24744961)<br>|
| **Net increase (decrease) in net assets resulting from capital share transactions** |  | &nbsp;&nbsp; **(60778)**<br>|  | &nbsp;&nbsp; **173470060** |
| **Total increase in net assets** |  | &nbsp;&nbsp; **3050130** |  | &nbsp;&nbsp; **177801144** |
| Net assets |  |  |  |  |
| **Beginning of period** |  | &nbsp;&nbsp; **177801144** |  | &nbsp;&nbsp; **0** |
| **End of period** |  | &nbsp;&nbsp; **$180851274** |  | &nbsp;&nbsp; **$177801144** |

---

<sup>1</sup> For the period from December 4, 2024 (commencement of operations) to August 31, 2025

The accompanying notes are an integral part of these financial statements.

Allspring Broad Market Core Bond ETF \| 23

------

Financial highlights

Financial highlights

(For a share outstanding throughout each period)

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

---

| | | |
|:---|:---|:---|
|  | Six months ended <br>February 28, 2026 <br>(unaudited) | Year ended August 31 |
|  | Six months ended <br>February 28, 2026 <br>(unaudited) | 2025<sup>1</sup> <br>|
| **Net asset value, beginning of period** | **$25.04** | &nbsp;&nbsp; **$25.00** |
| Net investment income | 0.59 <br><sup>2</sup><br>| 0.89 <br><sup>2</sup><br>|
| Net realized and unrealized gains (losses) on investments | 0.51 | &nbsp;&nbsp; (0.04)<br>|
| Total from investment operations | 1.10 | 0.85 |
| **Distributions to shareholders from** |  |  |
| Net investment income | (0.59)<br>| &nbsp;&nbsp; (0.81)<br>|
| Net realized gains | (0.08)<br>| 0.00 |
| Total distributions to shareholders | (0.67)<br>| &nbsp;&nbsp; (0.81)<br>|
| **Net asset value, end of period** | **$25.47** | &nbsp;&nbsp; **$25.04** |
| **Total return**<sup>3</sup> <br>| **4.46%**<br>| **3.50%**<br>|
| **Ratios to average net assets (annualized)** |  |  |
| Expenses | 0.19<br> %<br>| 0.19<br> %<br>|
| Net investment income | 4.68<br> %<br>| 4.87<br> %<br>|
| **Supplemental data** |  |  |
| Portfolio turnover rate<sup>4</sup> <br>| 34<br> %<br>| &nbsp;&nbsp; 114<br> %<br>|
| Net assets, end of period (000s omitted) | $180851 | &nbsp;&nbsp; $177801 |

---

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

<sup>1</sup> For the period from December 4, 2024 (commencement of operations) to August 31, 2025

<sup>2</sup> Calculated based upon average shares outstanding

<sup>3</sup> Returns include adjustments required by U.S. GAAP and may differ from net asset values and performance reported elsewhere. Returns for periods of less than one year are not annualized. 

<sup>4</sup> Portfolio turnover rate excludes in-kind transactions, if any.

The accompanying notes are an integral part of these financial statements.

24 \| Allspring Broad Market Core Bond ETF

------

Notes to financial statements (unaudited)

Notes to financial statements

1. ORGANIZATION

Allspring Exchange-Traded Funds Trust (the "Trust"), a Delaware statutory trust organized on June 19, 2014, is an open-end management investment company registered under the Investment Company Act of 1940, as amended ("1940 Act"). As an investment company, the Trust follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies*. These financial statements report on the Allspring Broad Market Core Bond ETF (the "Fund") which is a diversified series of the Trust.

2. SIGNIFICANT ACCOUNTING POLICIES

The following significant accounting policies, which are consistently followed in the preparation of the financial statements of the Fund, are in conformity with U.S. generally accepted accounting principles ("GAAP") which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

Securities valuation

All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time), although the Fund may deviate from this calculation time under unusual or unexpected circumstances.

Debt securities are valued at the evaluated bid price provided by an independent pricing service (e.g., taking into account various factors, including yields, maturities, or credit ratings) or, if a reliable price is not available, the quoted bid price from an independent broker-dealer.

Futures contracts that are listed on a foreign or domestic exchange or market are valued at the official closing price or, if none, the last sales price.

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

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

When-issued transactions

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

Futures contracts

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

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

TBA sale commitments

The Fund may enter into To Be Announced ("TBA") sale commitments to hedge its portfolio positions or to sell mortgage-backed securities it owns under delayed delivery arrangements. Proceeds of TBA sale commitments are not received until the contractual settlement date. During the time a TBA sale commitment is outstanding, equivalent deliverable securities or offsetting TBA purchase commitments, which are deliverable on or before the sale

Allspring Broad Market Core Bond ETF \| 25

------

Notes to financial statements (unaudited)

commitment date, are held as "cover" for the transaction. Unsettled TBA sale commitments are valued at the current market value of the underlying securities, according to the procedures described under "Securities valuation". The contract is marked-to-market daily and the change in market value is recorded by the Fund as an unrealized gain or loss. If the TBA sale commitment is closed through the acquisition of an offsetting purchase commitment, the Fund realizes a gain or loss. If the Fund delivers securities under the commitment, the Fund realizes a gain or a loss from the sale of the securities based upon the unit price established at the date the commitment was entered into.

Inflation-indexed bonds and TIPS

The Fund 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.

Mortgage dollar roll transactions

The Fund may engage in mortgage dollar roll transactions through To Be Announced (TBA) mortgage-backed securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). In a mortgage dollar roll transaction, the Fund sells a mortgage-backed security to a financial institution, such as a bank or broker-dealer and simultaneously agrees to repurchase a substantially similar security from the institution at a later date at an agreed upon price. The mortgage-backed securities that are repurchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different pre-payment histories. During the roll period, the Fund foregoes principal and interest paid on the securities. The Fund is compensated by the difference between the current sales price and the forward price for the future purchase as well as by the earnings on the cash proceeds of the initial sale. Mortgage dollar rolls may be renewed without physical delivery of the securities subject to the contract. The Fund accounts for TBA dollar roll transactions as purchases and sales which, as a result, may increase its portfolio turnover rate.

Security transactions and income recognition

Securities transactions are recorded on a trade date basis. Realized gains or losses are recorded on the basis of identified cost.

Interest income is accrued daily and bond discounts are accreted and premiums are amortized daily. To the extent debt obligations are placed on non-accrual status, any related interest income may be reduced by writing off interest receivables when the collection of all or a portion of interest has been determined to be doubtful based on consistently applied procedures and the fair value has decreased. If the issuer subsequently resumes interest payments or when the collectability of interest is reasonably assured, the debt obligation is removed from non-accrual status. Paydown gains and losses are included in interest income.

Interest earned on cash balances held at the custodian is recorded as interest income.

Distributions to shareholders

Distributions to shareholders are recorded on the ex-dividend date and paid from net investment income monthly and any net realized gains are paid at least annually. Such distributions are determined in accordance with income tax regulations and may differ from U.S. GAAP. Dividend sources are estimated at the time of declaration. The tax character of distributions is determined as of the Fund's fiscal year end. Therefore, a portion of the Fund's distributions made prior to the Fund's fiscal year end may be categorized as a tax return of capital at year end.

Federal and other taxes

The Fund intends to continue to qualify as a regulated investment company by distributing substantially all of its investment company taxable and tax-exempt income and any net realized capital gains (after reduction for capital loss carryforwards) sufficient to relieve it from all, or substantially all, federal income taxes. Accordingly, no provision for federal income taxes was required.

The Fund's income and federal excise tax returns and all financial records supporting those returns for the fiscal years since commencement of operations are subject to examination by the federal and Delaware revenue authorities. Management has analyzed the Fund's tax positions taken on federal, state, and foreign tax returns for all open tax years and does not believe that there are any uncertain tax positions that require recognition of a tax liability.

26 \| Allspring Broad Market Core Bond ETF

------

Notes to financial statements (unaudited)

For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Fund. Because such gains or losses are not taxable to the Fund and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Fund's tax year. These reclassifications have no effect on net assets or NAV per share.

As of February 28, 2026, the aggregate cost of all investments for federal income tax purposes was $175,127,962 and the unrealized gains (losses) consisted of:

---

| | |
|:---|:---|
| Gross unrealized gains | &nbsp;&nbsp; $5861435 |
| Gross unrealized losses | &nbsp;&nbsp; (52555)<br>|
| **Net unrealized gains** | &nbsp;&nbsp; **$5808880** |

---

Capital share transactions

The Fund issues and redeems its shares, at NAV, only in aggregations of a specified number of shares or multiples thereof ("Creation Units"). Except when aggregated in Creation Units, shares of the Fund are not redeemable. Transactions in capital shares for the Fund are disclosed in detail in the Statement of changes in net assets. The consideration for the purchase of Creation Units of a Fund may be for cash or consist of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Authorized participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to the Trust and/or custodian, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. An additional variable fee may be charged for certain transactions. Such variable charges, if any, are included in "Proceeds from shares sold" and "Payments for shares redeemed" in the Statement of changes in net assets.

When an authorized participant fails to deliver one or more of the securities within a designated basket (in the case of a subscription), fails to deliver the Fund shares (in the case of a redemption), or is required by the Fund, prior to settlement, to accommodate the trading of foreign securities in local markets, the Fund may require the authorized participant to deliver and maintain cash collateral in accordance with the authorized participant agreement. In the event that the authorized participant fails to deliver all or a portion of the applicable deposit securities or Fund securities, the Fund may exercise control over such collateral pursuant to the agreement with the authorized participant in order to purchase the applicable securities.

3. FAIR VALUATION MEASUREMENTS

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

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

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

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

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

Allspring Broad Market Core Bond ETF \| 27

------

Notes to financial statements (unaudited)

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 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:** |  |  |  |  |
| **Agency securities** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $57312227 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $57312227 |
| **Asset-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 18504755 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 18504755 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 46873559 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 46873559 |
| **Municipal obligations** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 10455044 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 10455044 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 11163058 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 11163058 |
| **U.S. Treasury securities** | &nbsp;&nbsp; 26987473 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 26987473 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 7366705 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 7366705 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 2274021 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 2274021 |
| **Total assets** | &nbsp;&nbsp; **$29261494** | &nbsp;&nbsp;&nbsp; **$151675348** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$180936842** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **TBA sale commitments** |  |  |  |  |
| *Agency securities* | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1808376 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1808376 |
| **Total liabilities** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$1808376** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$1808376** |

---

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

At February 28, 2026, the Fund did not have any transfers into/out of Level 3.

4. TRANSACTIONS WITH AFFILIATES

Management fee

Allspring Funds Management, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P., is the manager of the Fund and provides advisory and fund-level administrative services under an investment management agreement. Allspring Funds Management is entitled to receive an annual unitary management fee, generally payable monthly, in an amount equal to 0.19% of the average daily net assets of the Fund. Pursuant to the unitary management fee arrangement, Allspring Funds Management has agreed to pay all expenses incurred by, and appropriately allocated to, the Fund, excluding only: the management fee payable to Allspring Funds Management, brokerage expenses and other expenses incurred in connection with the execution of portfolio transactions; interest charges on any borrowings, dividends and other expenses on securities sold short; taxes; payments under the Fund's Rule 12b-1 plan; proxy and shareholder meeting expenses; litigation expenses; extraordinary expenses; and acquired fund fees and expenses.

Allspring Funds Management has retained the services of a subadviser to provide daily portfolio management to the Fund. The fee for subadvisory services is borne by Allspring Funds Management. Galliard Capital Management, LLC, an affiliate of Allspring Funds Management and a wholly owned subsidiary of Allspring Global Investments Holdings, LLC, is the subadviser to the Fund.

For the six months ended February 28, 2026, the management fee was equivalent to an annual rate of 0.19% of the Fund's average daily net assets.

Distribution fee

Allspring Funds Distributor, LLC (the "Distributor"), the principal underwriter, an affiliate of Allspring Funds Management, serves as the exclusive distributor of the Fund's shares. The Distributor does not maintain a secondary market in the Fund's shares. The Fund has adopted a distribution plan pursuant to Rule 12b-1 under the 1940 Act pursuant to which the Fund is authorized to pay fees at an annual rate of up to 0.25% of the Fund's average daily net assets for the sale and distribution of the Fund's shares. The Fund's Board of Trustees has determined not to implement a distribution fee pursuant to the distribution plan at this time. The distribution fee may only be imposed after approval by the Fund's Board of Trustees.

Interfund transactions

The Fund may purchase or sell portfolio investment securities to certain affiliates pursuant to Rule 17a-7 under the 1940 Act and under procedures adopted by the Board of Trustees. The procedures have been designed to ensure that these interfund transactions, which do not incur broker commissions, are effected at current market prices. Pursuant to these procedures, the Fund did not have any interfund transactions during the six months ended February 28, 2026.

28 \| Allspring Broad Market Core Bond ETF

------

Notes to financial statements (unaudited)

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

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments, excluding short-term securities, for the six months ended February 28, 2026 were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Purchases at cost | Purchases at cost | Purchases at cost | Sales Proceeds | Sales Proceeds | Sales Proceeds |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. <br>government<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-U.S. <br>government<br>| IN-KIND | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. <br>government<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-U.S. <br>government<br>| IN-KIND |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $41952721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $17982791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $13774484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $42841285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $20056281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $13776971 |

---

6. DERIVATIVE TRANSACTIONS

During the six months ended February 28, 2026, the Fund entered into futures contracts to speculate on interest rates and to help manage the duration of the portfolio. The Fund had an average notional amount of $55,682 in short futures contracts during the six months ended February 28, 2026.

The fair value, realized gains or losses and change in unrealized gains or losses, if any, on derivative instruments are reflected in the corresponding financial statement captions.

7. BANK BORROWINGS

The Fund, together with certain other registered Allspring Funds is party to a $275,000,000 revolving credit agreement whereby the Fund is permitted to use bank borrowings for temporary or emergency purposes, such as to fund shareholder redemption requests. Interest under the credit agreement is charged to the Fund based on a borrowing rate equal to the higher of the Federal Funds rate or the overnight bank funding rate in effect on that day plus a spread. In addition, an annual commitment fee based on the unused balance is allocated to each participating fund.

For the six months ended February 28, 2026, there were no borrowings by the Fund under the agreement.

8. INDEMNIFICATION

Under the Fund's organizational documents, the officers and Trustees have been granted certain indemnification rights against certain liabilities that may arise out of performance of their duties to the Fund. The Fund has entered into a separate agreement with each Trustee that converts indemnification rights currently existing under the Fund's organizational documents into contractual rights that cannot be changed in the future without the consent of the Trustee. Additionally, in the normal course of business, the Fund may enter into contracts with service providers that contain a variety of indemnification clauses. The Fund's maximum exposure under these arrangements is dependent on future claims that may be made against the Fund and, therefore, cannot be estimated.

9. OPERATING SEGMENTS

The Fund operates as a single operating segment. An operating segment is defined as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The President of the Fund acts as the Fund's CODM. The CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation from which it derives its revenues is determined as outlined in the Fund's prospectus which is executed by the Fund's portfolio management team. The portfolio composition, total return and expense ratios, and the components of total increase/decrease in net assets are used by the CODM to assess the segment's performance and to make resource allocation decisions for the Fund's single segment. This information is consistent with that presented within the Fund's financial statements. Segment assets are reflected on the accompanying Statement of assets and liabilities as "total assets" and significant segment revenue and expenses are listed on the accompanying Statement of operations.

10. NEW ACCOUNTING PRONOUNCEMENT

In December 2023, the FASB issued Accounting Standards Update ("ASU") 2023-09, *Income Taxes (Topic 740): Improvements to Income Tax Disclosures.* The ASU includes amendments to enhance annual income tax disclosures required for public entities, including the requirement to disclose income taxes paid disaggregated by jurisdiction. The ASU is effective for annual periods beginning after December 15, 2024. Management has determined that there is no impact of the ASU on the Fund's financial statements.

Allspring Broad Market Core Bond ETF \| 29

------

Other information (unaudited)

Other information

Proxy voting information

A description of the policies and procedures used to determine how to vote proxies relating to portfolio securities is available, upon request, by calling **1-866-259-3305**, visiting our website at **allspringglobal.com**, or visiting the SEC website at sec.gov. Information regarding how the proxies related to portfolio securities were voted during the most recent 12-month period ended June 30 is available on the website at **allspringglobal.com** or by visiting the SEC website at sec.gov.

Quarterly portfolio holdings information

The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Shareholders may view the filed Form N-PORT by visiting the SEC website at sec.gov. The Fund's portfolio holdings information is also available on our website at allspringglobal.com.

30 \| Allspring Broad Market Core Bond ETF

------

Other information (unaudited)

Item 8. Changes in and disagreements with accountants

Not applicable

Item 9. Matters submitted to fund shareholders for a vote

Not applicable

Item 10. Remuneration paid to directors, officers and others

Refer to information in the Statement of operations.

Item 11. Statement regarding basis for the board's approval of investment advisory contract

Not applicable

Allspring Broad Market Core Bond ETF \| 31

------

*This page is intentionally left blank.*

------

![](g46786img832e54cc1.jpg)

For more information

More information about Allspring Funds is available free upon request. To obtain literature, please write, visit the Fund's website, or call:

Allspring Funds Distributor, LLC

1415 Vantage Park Drive, 3rd Floor

Charlotte, NC 28203

Website: **allspringglobal.com**

Telephone:1-866-701-2575

![](g46786img5044deba2.gif)

*This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. If this report is used for promotional purposes, distribution of the report must be accompanied or preceded by a current prospectus. Before investing, please consider the investment objectives, risks, charges, and expenses of the investment. For a current prospectus and, if available, a summary prospectus, containing this information, call* ***1-866-701-2575*** *or visit the Fund's website at* ***allspringglobal.com****. Read the prospectus carefully before you invest or send money.*

Allspring Global Investments<sup>TM</sup> is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include but are not limited to Allspring Global Investments, LLC, and Allspring Funds Management, LLC. Certain products managed by Allspring entities are distributed by Allspring Funds Distributor, LLC (a broker-dealer and Member FINRA/SIPC).

This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind - including a recommendation for any specific investment, strategy, or plan.

**© 2026 Allspring Global Investments Holdings, LLC. All rights reserved.**

**NCSRSAFIX 02-26**

------

![](g46786imgf2a0d26e1.jpg)

Allspring Core Plus ETF (APLU)

Long Form Financial Statements

Semi-Annual Report

February 28, 2026

------

Contents

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

---

| | |
|:---|:---|
| **[Portfolio of investments](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_POI-PageBlank-1023_1)** | 2 |
| **[Item 7. Financial statements and financial highlights](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_FS-PageBlank-1023_1)** |  |
| [Statement of assets and liabilities](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_FS-PageBlank-1023_1) | 23 |
| [Statement of operations](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_FS-PageBlank-1023_2) | 24 |
| [Statement of changes in net assets](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_FS-PageBlank-1023_3) | 25 |
| [Financial highlights](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_FIHI-PageBlank-1023_1) | 26 |
| **[Notes to financial statements](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_NTF-PageBlank-1023_1)** | 27 |
| **[Other information](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_OI-PageBlank-1023_1)** | 35 |
| [Item 8. Changes in and disagreements with accountants](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_OI-PageBlank-1023_2) | 36 |
| [Item 9. Matters submitted to fund shareholders for a vote](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_OI-PageBlank-1023_2) | 36 |
| [Item 10. Remuneration paid to directors, officers and others](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_OI-PageBlank-1023_2) | 36 |
| [Item 11. Statement regarding basis for board](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_OI-PageBlank-1023_2)['](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_OI-PageBlank-1023_2)[s approval of investment](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_OI-PageBlank-1023_2)<br> [advisory contract](#xx_c73f982b-bd3d-4aa8-9e2e-709c3e3b94b2_OI-PageBlank-1023_2)<br>| 36 |

---

Allspring Core Plus ETF \| 1

------

Portfolio of investments—February 28, 2026 (unaudited)

Portfolio of investments

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Agency securities: 28.52%** |  |  |  |  |
| FHLMC | 3.00<br> %<br>| &nbsp;&nbsp; 10-1-2053 | $3814172 | &nbsp;&nbsp; $3456428 |
| FHLMC | 4.00 | &nbsp;&nbsp; 11-1-2053 | 2613961 | &nbsp;&nbsp; 2544471 |
| FHLMC | 5.00 | &nbsp;&nbsp; 3-1-2040 | 1456745 | &nbsp;&nbsp; 1479557 |
| FHLMC | 5.00 | &nbsp;&nbsp; 1-1-2055 | 2773301 | &nbsp;&nbsp; 2787509 |
| FHLMC | 5.50 | &nbsp;&nbsp; 11-1-2054 | 755772 | &nbsp;&nbsp; 768413 |
| FHLMC | 5.50 | &nbsp;&nbsp; 6-1-2055 | 1886496 | &nbsp;&nbsp; 1918584 |
| FHLMC | 5.50 | &nbsp;&nbsp; 9-1-2055 | 936738 | &nbsp;&nbsp; 952264 |
| FHLMC | 5.50 | &nbsp;&nbsp; 11-1-2055 | 2446424 | &nbsp;&nbsp; 2487659 |
| FHLMC | 6.50 | &nbsp;&nbsp; 7-1-2055 | 1200320 | &nbsp;&nbsp; 1246422 |
| FHLMC | 6.50 | &nbsp;&nbsp; 9-1-2055 | 429719 | &nbsp;&nbsp; 446267 |
| FNMA | 2.00 | &nbsp;&nbsp; 8-1-2051 | 859142 | &nbsp;&nbsp; 715897 |
| FNMA | 2.00 | &nbsp;&nbsp; 12-1-2051 | 4009829 | &nbsp;&nbsp; 3336273 |
| FNMA | 2.00 | &nbsp;&nbsp; 1-1-2052 | 855020 | &nbsp;&nbsp; 711125 |
| FNMA | 2.00 | &nbsp;&nbsp; 2-1-2052 | 7021653 | &nbsp;&nbsp; 5829530 |
| FNMA | 2.50 | &nbsp;&nbsp; 2-1-2051 | 6877737 | &nbsp;&nbsp; 5993484 |
| FNMA | 2.50 | &nbsp;&nbsp; 4-1-2052 | 1111659 | &nbsp;&nbsp; 986433 |
| FNMA | 2.50 | &nbsp;&nbsp; 6-1-2052 | 443776 | &nbsp;&nbsp; 385341 |
| FNMA | 3.00 | &nbsp;&nbsp; 11-1-2051 | 1848516 | &nbsp;&nbsp; 1674339 |
| FNMA | 3.50 | &nbsp;&nbsp; 8-1-2052 | 403219 | &nbsp;&nbsp; 381180 |
| FNMA | 3.50 | &nbsp;&nbsp; 9-1-2052 | 3113447 | &nbsp;&nbsp; 2938094 |
| FNMA | 3.50 | &nbsp;&nbsp; 10-1-2054 | 397743 | &nbsp;&nbsp; 375010 |
| FNMA%% | 3.50 | &nbsp;&nbsp; 3-12-2056 | 1395000 | &nbsp;&nbsp; 1314481 |
| FNMA | 4.00 | &nbsp;&nbsp; 9-1-2052 | 238256 | &nbsp;&nbsp; 232592 |
| FNMA | 4.00 | &nbsp;&nbsp; 11-1-2054 | 1580910 | &nbsp;&nbsp; 1537247 |
| FNMA | 4.50 | &nbsp;&nbsp; 5-1-2053 | 2347413 | &nbsp;&nbsp; 2330002 |
| FNMA%% | 4.50 | &nbsp;&nbsp; 3-12-2056 | 665000 | &nbsp;&nbsp; 657585 |
| FNMA | 5.00 | &nbsp;&nbsp; 6-1-2055 | 1756712 | &nbsp;&nbsp; 1766028 |
| FNMA | 5.50 | &nbsp;&nbsp; 12-1-2054 | 632712 | &nbsp;&nbsp; 643263 |
| FNMA | 5.50 | &nbsp;&nbsp; 1-1-2055 | 1124014 | &nbsp;&nbsp; 1142700 |
| FNMA | 5.50 | &nbsp;&nbsp; 3-1-2055 | 4364651 | &nbsp;&nbsp; 4437100 |
| FNMA | 6.00 | &nbsp;&nbsp; 8-1-2054 | 197640 | &nbsp;&nbsp; 202893 |
| FNMA%% | 6.00 | &nbsp;&nbsp; 3-15-2055 | 1335000 | &nbsp;&nbsp; 1369294 |
| FNMA | 6.00 | &nbsp;&nbsp; 5-1-2055 | 2644437 | &nbsp;&nbsp; 2712771 |
| FNMA | 6.00 | &nbsp;&nbsp; 6-1-2055 | 1935442 | &nbsp;&nbsp; 1985455 |
| FNMA | 6.00 | &nbsp;&nbsp; 7-1-2055 | 767042 | &nbsp;&nbsp; 793340 |
| FNMA | 6.00 | &nbsp;&nbsp; 11-1-2055 | 2401161 | &nbsp;&nbsp; 2463929 |
| FNMA | 6.50 | &nbsp;&nbsp; 11-1-2054 | 1375797 | &nbsp;&nbsp; 1428761 |
| FNMA | 6.50 | &nbsp;&nbsp; 9-1-2055 | 440315 | &nbsp;&nbsp; 457135 |
| GNMA | 2.00 | &nbsp;&nbsp; 2-20-2052 | 781208 | &nbsp;&nbsp; 661932 |
| GNMA | 2.50 | &nbsp;&nbsp; 4-20-2051 | 394913 | &nbsp;&nbsp; 348739 |
| GNMA | 2.50 | &nbsp;&nbsp; 8-20-2051 | 1468089 | &nbsp;&nbsp; 1296369 |
| GNMA | 2.50 | &nbsp;&nbsp; 9-20-2051 | 2843571 | &nbsp;&nbsp; 2510955 |
| GNMA | 3.00 | &nbsp;&nbsp; 8-20-2051 | 1560919 | &nbsp;&nbsp; 1433164 |
| GNMA | 3.00 | &nbsp;&nbsp; 12-20-2051 | 248671 | &nbsp;&nbsp; 228225 |
| GNMA | 3.50 | &nbsp;&nbsp; 2-20-2055 | 1176089 | &nbsp;&nbsp; 1104280 |
| GNMA | 3.50 | &nbsp;&nbsp; 9-20-2055 | 1574276 | &nbsp;&nbsp; 1478148 |
| GNMA | 4.50 | &nbsp;&nbsp; 11-20-2054 | 121538 | &nbsp;&nbsp; 120281 |
| GNMA | 4.50 | &nbsp;&nbsp; 2-20-2055 | 1102278 | &nbsp;&nbsp; 1090880 |

---

The accompanying notes are an integral part of these financial statements.

2 \| Allspring Core Plus ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| GNMA | 4.50<br> %<br>| &nbsp;&nbsp; 4-20-2055 | $1368368 | &nbsp;&nbsp; $1353797 |
| GNMA | 5.00 | &nbsp;&nbsp; 12-20-2054 | 5065145 | &nbsp;&nbsp; 5088751 |
| GNMA%% | 5.00 | &nbsp;&nbsp; 3-19-2056 | 2830000 | &nbsp;&nbsp; 2839602 |
| GNMA | 5.50 | &nbsp;&nbsp; 8-20-2054 | 799459 | &nbsp;&nbsp; 810782 |
| GNMA | 5.50 | &nbsp;&nbsp; 9-20-2054 | 1316016 | &nbsp;&nbsp; 1338791 |
| GNMA | 5.50 | &nbsp;&nbsp; 12-20-2054 | 3445719 | &nbsp;&nbsp; 3502153 |
| GNMA | 5.50 | &nbsp;&nbsp; 1-20-2055 | 986267 | &nbsp;&nbsp; 1001554 |
| GNMA | 5.50 | &nbsp;&nbsp; 10-20-2055 | 2458216 | &nbsp;&nbsp; 2493035 |
| GNMA | 6.00 | &nbsp;&nbsp; 8-20-2054 | 890516 | &nbsp;&nbsp; 910250 |
| GNMA | 6.00 | &nbsp;&nbsp; 9-20-2054 | 895600 | &nbsp;&nbsp; 915320 |
| GNMA | 6.00 | &nbsp;&nbsp; 9-20-2055 | 1778807 | &nbsp;&nbsp; 1818293 |
| **Total agency securities (Cost $96,626,172)** |  |  |  | &nbsp;&nbsp; **99234157** |
| **Asset-backed securities: 9.59%** |  |  |  |  |
| Aligned Data Centers Issuer LLC Series 2021-1A Class B144A | 2.48 | &nbsp;&nbsp; 8-15-2046 | 160000 | &nbsp;&nbsp; 157927 |
| &nbsp;&nbsp; Angel Oak Mortgage Trust Series 2025-HB2 Class A1 (30 Day <br> Average U.S. SOFR+1.60%)144A±<br>| 5.27 | &nbsp;&nbsp; 12-25-2055 | 1560800 | &nbsp;&nbsp; 1571713 |
| Avant Loans Funding Trust Series 2024-REV1 Class B144A | 6.17 | &nbsp;&nbsp; 10-15-2033 | 1000000 | &nbsp;&nbsp; 1003110 |
| Barings Equipment Finance LLC Series 2025-A Class A2144A | 4.64 | &nbsp;&nbsp; 10-13-2028 | 749255 | &nbsp;&nbsp; 753598 |
| Cajun Global LLC Series 2025-2A Class A2144A | 5.91 | &nbsp;&nbsp; 11-20-2055 | 1511212 | &nbsp;&nbsp; 1536560 |
| Camber Credit Auto Trust Series 2026-1A Class A144A♦ | 5.63 | &nbsp;&nbsp; 12-15-2031 | 905000 | &nbsp;&nbsp; 905000 |
| Centersquare Issuer LLC Series 2024-1A Class A2144A | 5.20 | &nbsp;&nbsp; 10-26-2054 | 1000000 | &nbsp;&nbsp; 987917 |
| &nbsp;&nbsp; ClickLease Equipment Receivables Trust Series 2024-1 <br> Class C144A<br>| 8.40 | &nbsp;&nbsp; 2-15-2030 | 517048 | &nbsp;&nbsp; 523132 |
| Cogent IPv4 LLC Series 2024-1A Class A2144A | 7.92 | &nbsp;&nbsp; 5-25-2054 | 1515000 | &nbsp;&nbsp; 1583906 |
| DI Issuer LLC Series 2024-1A Class A2144A | 5.81 | &nbsp;&nbsp; 9-15-2054 | 260000 | &nbsp;&nbsp; 262244 |
| FIGRE Trust Series 2023-HE3 Class A144A±± | 6.44 | &nbsp;&nbsp; 11-25-2053 | 706506 | &nbsp;&nbsp; 727939 |
| FIGRE Trust Series 2025-HE1 Class C144A±± | 6.03 | &nbsp;&nbsp; 1-25-2055 | 771100 | &nbsp;&nbsp; 782608 |
| Five Guys Holdings, Inc. Series 2023-1A Class A2144A | 7.55 | &nbsp;&nbsp; 1-26-2054 | 103688 | &nbsp;&nbsp; 106658 |
| Flexential Issuer LLC Series 2025-1A Class A2144A | 6.03 | &nbsp;&nbsp; 10-25-2060 | 650000 | &nbsp;&nbsp; 660669 |
| FREED ABS Trust Series 2022-3FP Class D144A | 7.36 | &nbsp;&nbsp; 8-20-2029 | 17400 | &nbsp;&nbsp; 17458 |
| &nbsp;&nbsp; FS Rialto Issuer LLC Series 2026-FL11 Class AS (U.S. SOFR 1 <br> Month+1.65%)144A±<br>| 5.30 | &nbsp;&nbsp; 1-19-2044 | 770000 | &nbsp;&nbsp; 772649 |
| &nbsp;&nbsp; Gracie Point International Funding LLC Series 2025-1A <br> Class C (30 Day Average U.S. SOFR+2.75%)144A±<br>| 6.43 | &nbsp;&nbsp; 8-15-2028 | 335000 | &nbsp;&nbsp; 335444 |
| Hertz Vehicle Financing III LLC Series 2023-4A Class A144A | 6.15 | &nbsp;&nbsp; 3-25-2030 | 215000 | &nbsp;&nbsp; 226569 |
| Hipgnosis Music Assets LP Series 2022-1 Class A144A | 5.00 | &nbsp;&nbsp; 5-16-2062 | 1248509 | &nbsp;&nbsp; 1247516 |
| Hotwire Funding LLC Series 2021-1 Class A2144A | 2.31 | &nbsp;&nbsp; 11-20-2051 | 1000000 | &nbsp;&nbsp; 984237 |
| Jack in the Box Funding LLC Series 2019-1A Class A23144A | 4.97 | &nbsp;&nbsp; 8-25-2049 | 190000 | &nbsp;&nbsp; 183316 |
| Jersey Mike's Funding LLC Series 2024-1A Class A2144A | 5.64 | &nbsp;&nbsp; 2-15-2055 | 990000 | &nbsp;&nbsp; 1018001 |
| &nbsp;&nbsp; Lafayette Federal Credit Union Asset Trust Series 2026-HI1A <br> Class A2144A<br>| 5.38 | &nbsp;&nbsp; 1-25-2046 | 205000 | &nbsp;&nbsp; 206656 |
| &nbsp;&nbsp; LCM 34 Ltd. Series 34A Class BR (U.S. SOFR 3 <br> Month+1.70%)144A±<br>| 5.37 | &nbsp;&nbsp; 10-20-2034 | 1275000 | &nbsp;&nbsp; 1276368 |
| &nbsp;&nbsp; LoanCore Issuer LLC Series 2025-CRE8 Class C (U.S. SOFR 1 <br> Month+2.14%)144A±<br>| 5.80 | &nbsp;&nbsp; 8-17-2042 | 1000000 | &nbsp;&nbsp; 1000618 |
| &nbsp;&nbsp; MF1 Ltd. Series 2021-FL7 Class E (U.S. SOFR 1 <br> Month+2.91%)144A±<br>| 6.58 | &nbsp;&nbsp; 10-16-2036 | 100000 | &nbsp;&nbsp; 97879 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 3

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| NMABS Issuer I LLC Series 2025-1A Class B144A | 5.33<br> %<br>| &nbsp;&nbsp; 11-22-2055 | $839475 | &nbsp;&nbsp; $840893 |
| NMEF Funding LLC Series 2025-A Class B144A | 5.18 | &nbsp;&nbsp; 7-15-2032 | 500000 | &nbsp;&nbsp; 507692 |
| NMEF Funding LLC Series 2026-A Class C144A | 4.71 | &nbsp;&nbsp; 2-15-2034 | 130000 | &nbsp;&nbsp; 130871 |
| &nbsp;&nbsp; OneMain Direct Auto Receivables Trust Series 2025-1A <br> Class A144A<br>| 5.36 | &nbsp;&nbsp; 4-16-2035 | 1000000 | &nbsp;&nbsp; 1044778 |
| Pagaya AI Debt Grantor Trust Series 2025-7 Class B144A | 5.06 | &nbsp;&nbsp; 5-15-2033 | 1520000 | &nbsp;&nbsp; 1523035 |
| RCKT Mortgage Trust Series 2025-CES1 Class A1A144A±± | 5.65 | &nbsp;&nbsp; 1-25-2045 | 727580 | &nbsp;&nbsp; 736291 |
| Sabey Data Center Issuer LLC Series 2022-1 Class A2144A | 5.00 | &nbsp;&nbsp; 6-20-2047 | 1000000 | &nbsp;&nbsp; 999890 |
| Sabey Data Center Issuer LLC Series 2026-1 Class A2144A | 5.48 | &nbsp;&nbsp; 1-20-2051 | 860000 | &nbsp;&nbsp; 873253 |
| &nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust Series 2023-FIG4 <br> Class B144A±±<br>| 7.12 | &nbsp;&nbsp; 11-25-2053 | 145516 | &nbsp;&nbsp; 152053 |
| SEB Funding LLC Series 2021-1A Class A2144A | 4.97 | &nbsp;&nbsp; 1-30-2052 | 997500 | &nbsp;&nbsp; 997495 |
| Service Experts Issuer LLC Series 2025-1A Class A144A | 5.38 | &nbsp;&nbsp; 1-20-2037 | 1440256 | &nbsp;&nbsp; 1456563 |
| ServiceMaster Funding LLC Series 2020-1 Class A2I144A | 2.84 | &nbsp;&nbsp; 1-30-2051 | 168833 | &nbsp;&nbsp; 161593 |
| ServiceMaster Funding LLC Series 2021-1 Class A2II144A | 3.11 | &nbsp;&nbsp; 7-30-2051 | 624684 | &nbsp;&nbsp; 549219 |
| Sotheby's ArtFi Master Trust Series 2026-1A Class B144A | 4.90 | &nbsp;&nbsp; 6-20-2033 | 155000 | &nbsp;&nbsp; 155657 |
| Subway Funding LLC Series 2024-3A Class A2I144A | 5.25 | &nbsp;&nbsp; 7-30-2054 | 409812 | &nbsp;&nbsp; 408780 |
| Switch ABS Issuer LLC Series 2024-1A Class A2144A | 6.28 | &nbsp;&nbsp; 3-25-2054 | 200000 | &nbsp;&nbsp; 202537 |
| Switch ABS Issuer LLC Series 2025-2A Class A22144A | 5.37 | &nbsp;&nbsp; 10-25-2055 | 505000 | &nbsp;&nbsp; 509703 |
| &nbsp;&nbsp; Towd Point Mortgage Trust Series 2024-CES1 <br> Class A2144A±±<br>| 6.44 | &nbsp;&nbsp; 1-25-2064 | 220000 | &nbsp;&nbsp; 222277 |
| &nbsp;&nbsp; TRTX Issuer Ltd. Series 2025-FL7 Class A (U.S. SOFR 1 <br> Month+1.45%)144A±<br>| 5.11 | &nbsp;&nbsp; 6-18-2043 | 450000 | &nbsp;&nbsp; 449963 |
| Uniti Fiber ABS Issuer LLC Series 2025-1A Class A2144A | 5.88 | &nbsp;&nbsp; 4-20-2055 | 990000 | &nbsp;&nbsp; 1016812 |
| Vital Care Issuer LLC Series 2025-1A Class A2144A | 6.74 | &nbsp;&nbsp; 1-30-2056 | 145000 | &nbsp;&nbsp; 147680 |
| Zayo Issuer LLC Series 2025-1A Class A2144A | 5.65 | &nbsp;&nbsp; 3-20-2055 | 610000 | &nbsp;&nbsp; 623837 |
| Zayo Issuer LLC Series 2025-3A Class A2144A | 5.57 | &nbsp;&nbsp; 10-20-2055 | 700000 | &nbsp;&nbsp; 717258 |
| **Total asset-backed securities (Cost $32,994,938)** |  |  |  | &nbsp;&nbsp; **33357822** |
| **Corporate bonds and notes: 22.42%** |  |  |  |  |
| **Basic materials: 0.34%** |  |  |  |  |
| **Chemicals: 0.29%** |  |  |  |  |
| Celanese U.S. Holdings LLC | 6.50 | &nbsp;&nbsp; 4-15-2030 | 540000 | &nbsp;&nbsp; 553373 |
| LYB International Finance III LLC | 5.50 | &nbsp;&nbsp; 3-1-2034 | 170000 | &nbsp;&nbsp; 171329 |
| LYB International Finance III LLC | 5.88 | &nbsp;&nbsp; 1-15-2036 | 285000 | &nbsp;&nbsp; 288133 |
|  |  |  |  | &nbsp;&nbsp; **1012835** |
| **Iron/steel: 0.05%** |  |  |  |  |
| Cleveland-Cliffs, Inc.144A | 4.88 | &nbsp;&nbsp; 3-1-2031 | 160000 | &nbsp;&nbsp; **151798** |
| **Communications: 2.74%** |  |  |  |  |
| **Internet: 0.57%** |  |  |  |  |
| Alphabet, Inc. | 5.65 | &nbsp;&nbsp; 2-15-2056 | 505000 | &nbsp;&nbsp; 516745 |
| Meta Platforms, Inc. | 4.88 | &nbsp;&nbsp; 11-15-2035 | 765000 | &nbsp;&nbsp; 772617 |
| Meta Platforms, Inc. | 5.40 | &nbsp;&nbsp; 8-15-2054 | 615000 | &nbsp;&nbsp; 580643 |
| Wayfair LLC144A | 6.75 | &nbsp;&nbsp; 11-15-2032 | 100000 | &nbsp;&nbsp; 101920 |
|  |  |  |  | &nbsp;&nbsp; **1971925** |

---

The accompanying notes are an integral part of these financial statements.

4 \| Allspring Core Plus ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Media: 1.31%** |  |  |  |  |
| CCO Holdings LLC/CCO Holdings Capital Corp.144A | 4.25<br> %<br>| &nbsp;&nbsp; 1-15-2034 | $785000 | &nbsp;&nbsp; $683814 |
| &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 2.80 | &nbsp;&nbsp; 4-1-2031 | 815000 | &nbsp;&nbsp; 740850 |
| &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 3.85 | &nbsp;&nbsp; 4-1-2061 | 285000 | &nbsp;&nbsp; 172344 |
| &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 3.90 | &nbsp;&nbsp; 6-1-2052 | 220000 | &nbsp;&nbsp; 144767 |
| &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 6.10 | &nbsp;&nbsp; 6-1-2029 | 485000 | &nbsp;&nbsp; 508319 |
| Comcast Corp. | 2.94 | &nbsp;&nbsp; 11-1-2056 | 815000 | &nbsp;&nbsp; 475285 |
| Comcast Corp. | 2.99 | &nbsp;&nbsp; 11-1-2063 | 500000 | &nbsp;&nbsp; 278621 |
| News Corp.144A | 3.88 | &nbsp;&nbsp; 5-15-2029 | 930000 | &nbsp;&nbsp; 907289 |
| News Corp.144A | 5.13 | &nbsp;&nbsp; 2-15-2032 | 190000 | &nbsp;&nbsp; 189029 |
| Time Warner Cable LLC | 5.50 | &nbsp;&nbsp; 9-1-2041 | 515000 | &nbsp;&nbsp; 460657 |
|  |  |  |  | &nbsp;&nbsp; **4560975** |
| **Telecommunications: 0.86%** |  |  |  |  |
| AT&T, Inc. | 3.55 | &nbsp;&nbsp; 9-15-2055 | 1230000 | &nbsp;&nbsp; 832735 |
| Level 3 Financing, Inc.144A | 7.00 | &nbsp;&nbsp; 3-31-2034 | 415000 | &nbsp;&nbsp; 431411 |
| &nbsp;&nbsp; Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint <br> Spectrum Co. III LLC144A<br>| 5.15 | &nbsp;&nbsp; 3-20-2028 | 99000 | &nbsp;&nbsp; 99686 |
| SV RNO Property Owner 1 LLC144A | 5.88 | &nbsp;&nbsp; 3-1-2031 | 220000 | &nbsp;&nbsp; 220985 |
| Verizon Communications, Inc. | 5.00 | &nbsp;&nbsp; 1-15-2036 | 885000 | &nbsp;&nbsp; 888913 |
| Verizon Communications, Inc. | 5.88 | &nbsp;&nbsp; 11-30-2055 | 270000 | &nbsp;&nbsp; 271808 |
| WULF Compute LLC144A | 7.75 | &nbsp;&nbsp; 10-15-2030 | 225000 | &nbsp;&nbsp; 238278 |
|  |  |  |  | &nbsp;&nbsp; **2983816** |
| **Consumer, cyclical: 2.58%** |  |  |  |  |
| **Airlines: 0.59%** |  |  |  |  |
| American Airlines Pass-Through Trust Series 2015-1 Class A | 3.38 | &nbsp;&nbsp; 5-1-2027 | 599719 | &nbsp;&nbsp; 592995 |
| Delta Air Lines Pass-Through Trust Series 2020-1 Class AA | 2.00 | &nbsp;&nbsp; 6-10-2028 | 46979 | &nbsp;&nbsp; 45039 |
| Delta Air Lines, Inc./SkyMiles IP Ltd.144A | 4.75 | &nbsp;&nbsp; 10-20-2028 | 921250 | &nbsp;&nbsp; 929216 |
| Southwest Airlines Co. | 5.25 | &nbsp;&nbsp; 11-15-2035 | 280000 | &nbsp;&nbsp; 277710 |
| United Airlines Pass-Through Trust Series 2023-1 Class A | 5.80 | &nbsp;&nbsp; 1-15-2036 | 186679 | &nbsp;&nbsp; 198075 |
|  |  |  |  | &nbsp;&nbsp; **2043035** |
| **Auto manufacturers: 0.91%** |  |  |  |  |
| Ford Motor Credit Co. LLC | 4.00 | &nbsp;&nbsp; 11-13-2030 | 385000 | &nbsp;&nbsp; 368967 |
| Ford Motor Credit Co. LLC | 5.13 | &nbsp;&nbsp; 11-5-2026 | 390000 | &nbsp;&nbsp; 392251 |
| Ford Motor Credit Co. LLC | 5.87 | &nbsp;&nbsp; 10-31-2035 | 515000 | &nbsp;&nbsp; 516765 |
| Hyundai Capital America144A | 4.50 | &nbsp;&nbsp; 9-18-2030 | 340000 | &nbsp;&nbsp; 343267 |
| Hyundai Capital America144A | 5.30 | &nbsp;&nbsp; 3-19-2027 | 185000 | &nbsp;&nbsp; 187542 |
| Hyundai Capital America144A | 5.40 | &nbsp;&nbsp; 6-23-2032 | 780000 | &nbsp;&nbsp; 818908 |
| Hyundai Capital America144A | 5.65 | &nbsp;&nbsp; 6-26-2026 | 110000 | &nbsp;&nbsp; 110552 |
| Hyundai Capital America144A | 5.80 | &nbsp;&nbsp; 4-1-2030 | 400000 | &nbsp;&nbsp; 422371 |
|  |  |  |  | &nbsp;&nbsp; **3160623** |

---

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 5

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Entertainment: 0.07%** |  |  |  |  |
| Discovery Global Holdings, Inc. | 4.28<br> %<br>| &nbsp;&nbsp; 3-15-2032 | $266000 | &nbsp;&nbsp; **$244387** |
| **Home builders: 0.25%** |  |  |  |  |
| Century Communities, Inc.144A | 6.63 | &nbsp;&nbsp; 9-15-2033 | 735000 | &nbsp;&nbsp; 746845 |
| LGI Homes, Inc.144A | 8.75 | &nbsp;&nbsp; 12-15-2028 | 130000 | &nbsp;&nbsp; 135637 |
|  |  |  |  | &nbsp;&nbsp; **882482** |
| **Housewares: 0.04%** |  |  |  |  |
| Newell Brands, Inc. | 6.38 | &nbsp;&nbsp; 5-15-2030 | 145000 | &nbsp;&nbsp; **145445** |
| **Lodging: 0.15%** |  |  |  |  |
| Las Vegas Sands Corp. | 5.63 | &nbsp;&nbsp; 6-15-2028 | 245000 | &nbsp;&nbsp; 251005 |
| Las Vegas Sands Corp. | 6.20 | &nbsp;&nbsp; 8-15-2034 | 255000 | &nbsp;&nbsp; 269269 |
|  |  |  |  | &nbsp;&nbsp; **520274** |
| **Retail: 0.19%** |  |  |  |  |
| Macy's Retail Holdings LLC144A | 5.88 | &nbsp;&nbsp; 3-15-2030 | 90000 | &nbsp;&nbsp; 90416 |
| Macy's Retail Holdings LLC144A | 6.13 | &nbsp;&nbsp; 3-15-2032 | 55000 | &nbsp;&nbsp; 55399 |
| PetSmart LLC/PetSmart Finance Corp.144A | 7.50 | &nbsp;&nbsp; 9-15-2032 | 505000 | &nbsp;&nbsp; 511000 |
|  |  |  |  | &nbsp;&nbsp; **656815** |
| **Toys/games/hobbies: 0.38%** |  |  |  |  |
| Hasbro, Inc. | 6.05 | &nbsp;&nbsp; 5-14-2034 | 231000 | &nbsp;&nbsp; 248044 |
| Mattel, Inc. | 5.00 | &nbsp;&nbsp; 11-17-2030 | 230000 | &nbsp;&nbsp; 233531 |
| Mattel, Inc. | 5.45 | &nbsp;&nbsp; 11-1-2041 | 265000 | &nbsp;&nbsp; 250751 |
| Mattel, Inc.144A | 5.88 | &nbsp;&nbsp; 12-15-2027 | 595000 | &nbsp;&nbsp; 595136 |
|  |  |  |  | &nbsp;&nbsp; **1327462** |
| **Consumer, non-cyclical: 2.69%** |  |  |  |  |
| **Agriculture: 0.18%** |  |  |  |  |
| BAT Capital Corp. | 4.76 | &nbsp;&nbsp; 9-6-2049 | 235000 | &nbsp;&nbsp; 202532 |
| BAT Capital Corp. | 6.25 | &nbsp;&nbsp; 8-15-2055 | 380000 | &nbsp;&nbsp; 396630 |
| Reynolds American, Inc. | 7.00 | &nbsp;&nbsp; 8-4-2041 | 30000 | &nbsp;&nbsp; 33552 |
|  |  |  |  | &nbsp;&nbsp; **632714** |
| **Commercial services: 0.64%** |  |  |  |  |
| Block, Inc.144A | 6.00 | &nbsp;&nbsp; 8-15-2033 | 225000 | &nbsp;&nbsp; 228642 |
| GEO Group, Inc. | 8.63 | &nbsp;&nbsp; 4-15-2029 | 175000 | &nbsp;&nbsp; 182090 |
| GEO Group, Inc. | 10.25 | &nbsp;&nbsp; 4-15-2031 | 30000 | &nbsp;&nbsp; 32212 |
| Global Payments, Inc. | 4.88 | &nbsp;&nbsp; 11-15-2030 | 645000 | &nbsp;&nbsp; 644244 |
| Global Payments, Inc. | 4.88 | &nbsp;&nbsp; 3-17-2031 | 100000 | &nbsp;&nbsp; 123701 |
| Global Payments, Inc. | 5.20 | &nbsp;&nbsp; 11-15-2032 | 475000 | &nbsp;&nbsp; 477798 |
| Global Payments, Inc. | 5.95 | &nbsp;&nbsp; 8-15-2052 | 280000 | &nbsp;&nbsp; 266787 |
| Upbound Group, Inc.144A | 6.38 | &nbsp;&nbsp; 2-15-2029 | 285000 | &nbsp;&nbsp; 282132 |
|  |  |  |  | &nbsp;&nbsp; **2237606** |

---

The accompanying notes are an integral part of these financial statements.

6 \| Allspring Core Plus ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Cosmetics/Personal Care: 0.18%** |  |  |  |  |
| &nbsp;&nbsp; Coty, Inc./HFC Prestige Products, Inc./HFC Prestige <br> International U.S. LLC144A<br>| 4.75<br> %<br>| &nbsp;&nbsp; 1-15-2029 | $300000 | &nbsp;&nbsp; $295066 |
| &nbsp;&nbsp; Coty, Inc./HFC Prestige Products, Inc./HFC Prestige <br> International U.S. LLC144A<br>| 5.60 | &nbsp;&nbsp; 1-15-2031 | 310000 | &nbsp;&nbsp; 310984 |
|  |  |  |  | &nbsp;&nbsp; **606050** |
| **Food: 0.43%** |  |  |  |  |
| Kroger Co. | 5.50 | &nbsp;&nbsp; 9-15-2054 | 325000 | &nbsp;&nbsp; 314178 |
| Mars, Inc.144A | 5.20 | &nbsp;&nbsp; 3-1-2035 | 730000 | &nbsp;&nbsp; 755888 |
| Mars, Inc.144A | 5.70 | &nbsp;&nbsp; 5-1-2055 | 430000 | &nbsp;&nbsp; 436043 |
|  |  |  |  | &nbsp;&nbsp; **1506109** |
| **Healthcare-products: 0.71%** |  |  |  |  |
| Abbott Laboratories%% | 4.65 | &nbsp;&nbsp; 3-15-2036 | 865000 | &nbsp;&nbsp; 865261 |
| Abbott Laboratories%% | 5.50 | &nbsp;&nbsp; 3-15-2056 | 670000 | &nbsp;&nbsp; 672303 |
| Medline Borrower LP144A | 3.88 | &nbsp;&nbsp; 4-1-2029 | 675000 | &nbsp;&nbsp; 663870 |
| Thermo Fisher Scientific, Inc. | 4.90 | &nbsp;&nbsp; 2-12-2036 | 245000 | &nbsp;&nbsp; 249248 |
|  |  |  |  | &nbsp;&nbsp; **2450682** |
| **Healthcare-services: 0.44%** |  |  |  |  |
| DaVita, Inc.144A | 6.75 | &nbsp;&nbsp; 7-15-2033 | 315000 | &nbsp;&nbsp; 327059 |
| UnitedHealth Group, Inc. | 4.65 | &nbsp;&nbsp; 1-15-2031 | 235000 | &nbsp;&nbsp; 240203 |
| UnitedHealth Group, Inc. | 5.05 | &nbsp;&nbsp; 4-15-2053 | 480000 | &nbsp;&nbsp; 436354 |
| UnitedHealth Group, Inc. | 5.30 | &nbsp;&nbsp; 6-15-2035 | 115000 | &nbsp;&nbsp; 120000 |
| UnitedHealth Group, Inc. | 5.63 | &nbsp;&nbsp; 7-15-2054 | 330000 | &nbsp;&nbsp; 325578 |
| UnitedHealth Group, Inc. | 5.95 | &nbsp;&nbsp; 6-15-2055 | 90000 | &nbsp;&nbsp; 93204 |
|  |  |  |  | &nbsp;&nbsp; **1542398** |
| **Pharmaceuticals: 0.11%** |  |  |  |  |
| Eli Lilly & Co. | 5.65 | &nbsp;&nbsp; 10-15-2065 | 385000 | &nbsp;&nbsp; **389750** |
| **Energy: 1.22%** |  |  |  |  |
| **Energy-alternate sources: 0.04%** |  |  |  |  |
| TerraForm Power Operating LLC144A | 4.75 | &nbsp;&nbsp; 1-15-2030 | 148000 | &nbsp;&nbsp; **144689** |
| **Oil & gas: 0.14%** |  |  |  |  |
| APA Corp. | 5.25 | &nbsp;&nbsp; 2-1-2042 | 133000 | &nbsp;&nbsp; 117156 |
| ConocoPhillips Co. | 5.65 | &nbsp;&nbsp; 1-15-2065 | 180000 | &nbsp;&nbsp; 176807 |
| Coterra Energy, Inc. | 5.90 | &nbsp;&nbsp; 2-15-2055 | 185000 | &nbsp;&nbsp; 184013 |
|  |  |  |  | &nbsp;&nbsp; **477976** |
| **Oil & gas services: 0.07%** |  |  |  |  |
| Schlumberger Holdings Corp.144A | 4.85 | &nbsp;&nbsp; 5-15-2033 | 245000 | &nbsp;&nbsp; **249369** |
| **Pipelines: 0.97%** |  |  |  |  |
| Energy Transfer LP | 5.95 | &nbsp;&nbsp; 5-15-2054 | 735000 | &nbsp;&nbsp; 709580 |
| Energy Transfer LP | 6.20 | &nbsp;&nbsp; 4-1-2055 | 245000 | &nbsp;&nbsp; 244953 |
| &nbsp;&nbsp; Energy Transfer LP (5 Year Treasury Constant <br> Maturity+4.02%)±<br>| 8.00 | &nbsp;&nbsp; 5-15-2054 | 160000 | &nbsp;&nbsp; 171650 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 7

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Pipelines**(continued) |  |  |  |  |
| Harvest Midstream I LP144A | 7.50<br> %<br>| &nbsp;&nbsp; 5-15-2032 | $40000 | &nbsp;&nbsp; $41519 |
| MPLX LP | 5.30 | &nbsp;&nbsp; 4-1-2036 | 400000 | &nbsp;&nbsp; 403603 |
| Prairie Acquiror LP144A | 9.00 | &nbsp;&nbsp; 8-1-2029 | 260000 | &nbsp;&nbsp; 271306 |
| South Bow USA Infrastructure Holdings LLC | 5.03 | &nbsp;&nbsp; 10-1-2029 | 555000 | &nbsp;&nbsp; 567489 |
| &nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance <br> Corp.144A<br>| 6.00 | &nbsp;&nbsp; 12-31-2030 | 515000 | &nbsp;&nbsp; 521902 |
| Venture Global LNG, Inc.144A | 9.50 | &nbsp;&nbsp; 2-1-2029 | 165000 | &nbsp;&nbsp; 176971 |
| &nbsp;&nbsp; Venture Global LNG, Inc. (5 Year Treasury Constant <br> Maturity+5.44%)144Aʊ±<br>| 9.00 | &nbsp;&nbsp; 9-30-2029 | 295000 | &nbsp;&nbsp; 258000 |
|  |  |  |  | &nbsp;&nbsp; **3366973** |
| **Financial: 8.30%** |  |  |  |  |
| **Banks: 3.04%** |  |  |  |  |
| &nbsp;&nbsp; Bank of America Corp. (5 Year Treasury Constant <br> Maturity+1.20%)±<br>| 2.48 | &nbsp;&nbsp; 9-21-2036 | 390000 | &nbsp;&nbsp; 345094 |
| Bank of America Corp. (U.S. SOFR+1.13%)± | 5.05 | &nbsp;&nbsp; 2-6-2037 | 385000 | &nbsp;&nbsp; 390553 |
| Bank of America Corp. (U.S. SOFR+1.74%)± | 5.52 | &nbsp;&nbsp; 10-25-2035 | 750000 | &nbsp;&nbsp; 769664 |
| Bank of America Corp. (U.S. SOFR+1.91%)± | 5.43 | &nbsp;&nbsp; 8-15-2035 | 295000 | &nbsp;&nbsp; 302202 |
| Bank of America Corp. (U.S. SOFR 3 Month+1.84%)± | 3.82 | &nbsp;&nbsp; 1-20-2028 | 250000 | &nbsp;&nbsp; 249684 |
| &nbsp;&nbsp; Bank of America Corp. Series OO (5 Year Treasury Constant <br> Maturity+2.68%)ʊ±<br>| 6.63 | &nbsp;&nbsp; 5-1-2030 | 215000 | &nbsp;&nbsp; 225085 |
| Citigroup, Inc. (U.S. SOFR+1.49%)± | 5.17 | &nbsp;&nbsp; 9-11-2036 | 470000 | &nbsp;&nbsp; 478205 |
| &nbsp;&nbsp; Citigroup, Inc. Series HH (5 Year Treasury Constant <br> Maturity+3.00%)ʊ±<br>| 6.63 | &nbsp;&nbsp; 2-15-2031 | 675000 | &nbsp;&nbsp; 697802 |
| Goldman Sachs Group, Inc. (U.S. SOFR+0.96%)± | 4.52 | &nbsp;&nbsp; 1-21-2032 | 440000 | &nbsp;&nbsp; 442717 |
| Goldman Sachs Group, Inc. (U.S. SOFR+1.19%)± | 5.07 | &nbsp;&nbsp; 1-21-2037 | 470000 | &nbsp;&nbsp; 473306 |
| Goldman Sachs Group, Inc. (U.S. SOFR+1.25%)± | 2.38 | &nbsp;&nbsp; 7-21-2032 | 535000 | &nbsp;&nbsp; 482545 |
| JPMorgan Chase & Co. (U.S. SOFR+0.84%)± | 4.35 | &nbsp;&nbsp; 1-22-2032 | 220000 | &nbsp;&nbsp; 221130 |
| JPMorgan Chase & Co. (U.S. SOFR+1.02%)± | 2.07 | &nbsp;&nbsp; 6-1-2029 | 545000 | &nbsp;&nbsp; 522750 |
| JPMorgan Chase & Co. (U.S. SOFR+1.31%)± | 5.01 | &nbsp;&nbsp; 1-23-2030 | 430000 | &nbsp;&nbsp; 441757 |
| JPMorgan Chase & Co. (U.S. SOFR+1.45%)± | 5.30 | &nbsp;&nbsp; 7-24-2029 | 310000 | &nbsp;&nbsp; 319080 |
| JPMorgan Chase & Co. (U.S. SOFR+1.64%)± | 5.58 | &nbsp;&nbsp; 7-23-2036 | 915000 | &nbsp;&nbsp; 951597 |
| Morgan Stanley Private Bank NA (U.S. SOFR+1.08%)± | 4.73 | &nbsp;&nbsp; 7-18-2031 | 655000 | &nbsp;&nbsp; 666984 |
| Morgan Stanley (5 Year Treasury Constant Maturity+1.17%)± | 5.31 | &nbsp;&nbsp; 1-18-2041 | 240000 | &nbsp;&nbsp; 238781 |
| Morgan Stanley (U.S. SOFR+1.20%)± | 2.51 | &nbsp;&nbsp; 10-20-2032 | 295000 | &nbsp;&nbsp; 267353 |
| Morgan Stanley (U.S. SOFR+1.22%)± | 5.04 | &nbsp;&nbsp; 7-19-2030 | 175000 | &nbsp;&nbsp; 180065 |
| Morgan Stanley (U.S. SOFR+1.59%)± | 5.16 | &nbsp;&nbsp; 4-20-2029 | 195000 | &nbsp;&nbsp; 199427 |
| Morgan Stanley (U.S. SOFR+1.71%)± | 5.52 | &nbsp;&nbsp; 11-19-2055 | 325000 | &nbsp;&nbsp; 324147 |
| Morgan Stanley (U.S. SOFR+1.73%)± | 5.12 | &nbsp;&nbsp; 2-1-2029 | 460000 | &nbsp;&nbsp; 469537 |
| Morgan Stanley (U.S. SOFR+1.76%)± | 5.66 | &nbsp;&nbsp; 4-17-2036 | 60000 | &nbsp;&nbsp; 63408 |
| Morgan Stanley (U.S. SOFR+1.83%)± | 6.41 | &nbsp;&nbsp; 11-1-2029 | 460000 | &nbsp;&nbsp; 487052 |
| Wells Fargo & Co. (U.S. SOFR 3 Month+4.50%)± | 5.01 | &nbsp;&nbsp; 4-4-2051 | 400000 | &nbsp;&nbsp; 365938 |
|  |  |  |  | &nbsp;&nbsp; **10575863** |
| **Diversified financial services: 1.65%** |  |  |  |  |
| Aircastle Ltd.144A | 5.95 | &nbsp;&nbsp; 2-15-2029 | 230000 | &nbsp;&nbsp; 240836 |
| American Express Co. (U.S. SOFR+1.22%)± | 4.92 | &nbsp;&nbsp; 7-20-2033 | 180000 | &nbsp;&nbsp; 184387 |
| American Express Co. (U.S. SOFR+1.79%)± | 5.67 | &nbsp;&nbsp; 4-25-2036 | 900000 | &nbsp;&nbsp; 953117 |

---

The accompanying notes are an integral part of these financial statements.

8 \| Allspring Core Plus ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Diversified financial services**(continued) |  |  |  |  |
| Ares Finance Co. II LLC144A | 3.25<br> %<br>| &nbsp;&nbsp; 6-15-2030 | $400000 | &nbsp;&nbsp; $383011 |
| Capital One Financial Corp. (U.S. SOFR+1.51%)± | 5.40 | &nbsp;&nbsp; 1-30-2037 | 1075000 | &nbsp;&nbsp; 1084756 |
| Citadel Finance LLC144A | 5.15 | &nbsp;&nbsp; 2-14-2031 | 275000 | &nbsp;&nbsp; 273891 |
| Citadel Finance LLC144A | 5.90 | &nbsp;&nbsp; 2-10-2030 | 500000 | &nbsp;&nbsp; 512996 |
| Computershare U.S., Inc. | 1.13 | &nbsp;&nbsp; 10-7-2031 | 365000 | &nbsp;&nbsp; 381086 |
| Equitable America Global Funding144A | 4.95 | &nbsp;&nbsp; 6-9-2030 | 610000 | &nbsp;&nbsp; 623221 |
| Jefferies Financial Group, Inc. | 5.50 | &nbsp;&nbsp; 2-15-2036 | 435000 | &nbsp;&nbsp; 427820 |
| PRA Group, Inc.144A | 5.00 | &nbsp;&nbsp; 10-1-2029 | 155000 | &nbsp;&nbsp; 143074 |
| TPG Operating Group II LP | 5.88 | &nbsp;&nbsp; 3-5-2034 | 220000 | &nbsp;&nbsp; 227823 |
| United Wholesale Mortgage LLC144A | 5.50 | &nbsp;&nbsp; 4-15-2029 | 58000 | &nbsp;&nbsp; 56882 |
| Western Union Co.%% | 4.75 | &nbsp;&nbsp; 6-15-2029 | 245000 | &nbsp;&nbsp; 245567 |
|  |  |  |  | &nbsp;&nbsp; **5738467** |
| **Insurance: 2.36%** |  |  |  |  |
| Athene Global Funding144A | 5.03 | &nbsp;&nbsp; 7-17-2030 | 440000 | &nbsp;&nbsp; 442508 |
| Athene Global Funding144A | 5.54 | &nbsp;&nbsp; 8-22-2035 | 540000 | &nbsp;&nbsp; 537774 |
| Cincinnati Financial Corp. | 6.13 | &nbsp;&nbsp; 11-1-2034 | 415000 | &nbsp;&nbsp; 448364 |
| Corebridge Global Funding144A | 4.55 | &nbsp;&nbsp; 1-9-2031 | 485000 | &nbsp;&nbsp; 486508 |
| Guardian Life Insurance Co. of America144A | 4.85 | &nbsp;&nbsp; 1-24-2077 | 370000 | &nbsp;&nbsp; 311275 |
| Loews Corp. | 4.94 | &nbsp;&nbsp; 4-1-2036 | 465000 | &nbsp;&nbsp; 463871 |
| MetLife, Inc. (5 Year Treasury Constant Maturity+1.82%)± | 5.85 | &nbsp;&nbsp; 3-15-2056 | 520000 | &nbsp;&nbsp; 516331 |
| New York Life Insurance Co.144A | 3.75 | &nbsp;&nbsp; 5-15-2050 | 200000 | &nbsp;&nbsp; 151015 |
| New York Life Insurance Co.144A | 5.88 | &nbsp;&nbsp; 5-15-2033 | 450000 | &nbsp;&nbsp; 481744 |
| Northwestern Mutual Life Insurance Co.144A | 3.45 | &nbsp;&nbsp; 3-30-2051 | 715000 | &nbsp;&nbsp; 511985 |
| Northwestern Mutual Life Insurance Co.144A | 6.17 | &nbsp;&nbsp; 5-29-2055 | 370000 | &nbsp;&nbsp; 399222 |
| Omnis Funding Trust144A | 6.72 | &nbsp;&nbsp; 5-15-2055 | 580000 | &nbsp;&nbsp; 604564 |
| &nbsp;&nbsp; PartnerRe Finance B LLC (5 Year Treasury Constant <br> Maturity+3.82%)±<br>| 4.50 | &nbsp;&nbsp; 10-1-2050 | 390000 | &nbsp;&nbsp; 376935 |
| Protective Life Corp.144A | 4.70 | &nbsp;&nbsp; 1-15-2031 | 335000 | &nbsp;&nbsp; 338252 |
| Protective Life Corp.144A | 5.35 | &nbsp;&nbsp; 12-15-2035 | 330000 | &nbsp;&nbsp; 334853 |
| &nbsp;&nbsp; Prudential Financial, Inc. (5 Year Treasury Constant <br> Maturity+3.04%)±<br>| 3.70 | &nbsp;&nbsp; 10-1-2050 | 305000 | &nbsp;&nbsp; 283806 |
| &nbsp;&nbsp; Prudential Financial, Inc. (5 Year Treasury Constant <br> Maturity+3.16%)±<br>| 5.13 | &nbsp;&nbsp; 3-1-2052 | 55000 | &nbsp;&nbsp; 54048 |
| RGA Global Funding144A | 4.60 | &nbsp;&nbsp; 11-25-2030 | 460000 | &nbsp;&nbsp; 463508 |
| RGA Global Funding144A | 5.05 | &nbsp;&nbsp; 12-6-2031 | 395000 | &nbsp;&nbsp; 405153 |
| Transatlantic Holdings, Inc. | 8.00 | &nbsp;&nbsp; 11-30-2039 | 245000 | &nbsp;&nbsp; 306870 |
| Unum Group144A | 4.05 | &nbsp;&nbsp; 8-15-2041 | 375000 | &nbsp;&nbsp; 311123 |
|  |  |  |  | &nbsp;&nbsp; **8229709** |
| **Investment Companies: 0.52%** |  |  |  |  |
| Ares Capital Corp. BDC | 5.10 | &nbsp;&nbsp; 1-15-2031 | 475000 | &nbsp;&nbsp; 463563 |
| Ares Capital Corp. BDC | 5.50 | &nbsp;&nbsp; 9-1-2030 | 330000 | &nbsp;&nbsp; 326729 |
| Ares Capital Corp. BDC | 5.88 | &nbsp;&nbsp; 3-1-2029 | 145000 | &nbsp;&nbsp; 147681 |
| Ares Strategic Income Fund BDC | 5.70 | &nbsp;&nbsp; 3-15-2028 | 345000 | &nbsp;&nbsp; 347712 |
| Blue Owl Capital Corp. BDC | 5.95 | &nbsp;&nbsp; 3-15-2029 | 525000 | &nbsp;&nbsp; 522304 |
|  |  |  |  | &nbsp;&nbsp; **1807989** |

---

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 9

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Real estate: 0.09%** |  |  |  |  |
| CBRE Services, Inc. | 4.90<br> %<br>| &nbsp;&nbsp; 1-15-2033 | $305000 | &nbsp;&nbsp; **$308838** |
| **REITs: 0.64%** |  |  |  |  |
| Alexandria Real Estate Equities, Inc. | 5.15 | &nbsp;&nbsp; 4-15-2053 | 280000 | &nbsp;&nbsp; 254077 |
| Alexandria Real Estate Equities, Inc. | 5.25 | &nbsp;&nbsp; 3-15-2036 | 345000 | &nbsp;&nbsp; 345217 |
| EPR Properties | 3.60 | &nbsp;&nbsp; 11-15-2031 | 235000 | &nbsp;&nbsp; 220315 |
| Essential Properties LP | 2.95 | &nbsp;&nbsp; 7-15-2031 | 500000 | &nbsp;&nbsp; 461495 |
| &nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance <br> Corp.144A<br>| 7.00 | &nbsp;&nbsp; 7-15-2031 | 99000 | &nbsp;&nbsp; 104390 |
| Piedmont Operating Partnership LP | 2.75 | &nbsp;&nbsp; 4-1-2032 | 125000 | &nbsp;&nbsp; 108900 |
| Piedmont Operating Partnership LP | 9.25 | &nbsp;&nbsp; 7-20-2028 | 270000 | &nbsp;&nbsp; 297364 |
| Vornado Realty LP | 5.75 | &nbsp;&nbsp; 2-1-2033 | 435000 | &nbsp;&nbsp; 441357 |
|  |  |  |  | &nbsp;&nbsp; **2233115** |
| **Industrial: 0.78%** |  |  |  |  |
| **Aerospace/defense: 0.08%** |  |  |  |  |
| Boeing Co. | 5.81 | &nbsp;&nbsp; 5-1-2050 | 270000 | &nbsp;&nbsp; **271091** |
| **Building materials: 0.05%** |  |  |  |  |
| Camelot Return Merger Sub, Inc.144A | 8.75 | &nbsp;&nbsp; 8-1-2028 | 250000 | &nbsp;&nbsp; **188753** |
| **Engineering & construction: 0.24%** |  |  |  |  |
| Jacobs Solutions, Inc.%% | 4.75 | &nbsp;&nbsp; 3-3-2031 | 520000 | &nbsp;&nbsp; 520791 |
| Jacobs Solutions, Inc.%% | 5.38 | &nbsp;&nbsp; 3-3-2036 | 315000 | &nbsp;&nbsp; 315053 |
|  |  |  |  | &nbsp;&nbsp; **835844** |
| **Miscellaneous manufacturing: 0.16%** |  |  |  |  |
| Entegris, Inc.144A | 4.75 | &nbsp;&nbsp; 4-15-2029 | 540000 | &nbsp;&nbsp; **540449** |
| **Trucking & leasing: 0.25%** |  |  |  |  |
| FTAI Aviation Investors LLC144A | 7.00 | &nbsp;&nbsp; 6-15-2032 | 830000 | &nbsp;&nbsp; **871253** |
| **Technology: 1.55%** |  |  |  |  |
| **Computers: 0.10%** |  |  |  |  |
| Hewlett Packard Enterprise Co. | 5.60 | &nbsp;&nbsp; 10-15-2054 | 380000 | &nbsp;&nbsp; **349723** |
| **Semiconductors: 0.38%** |  |  |  |  |
| Foundry JV Holdco LLC144A | 6.20 | &nbsp;&nbsp; 1-25-2037 | 1025000 | &nbsp;&nbsp; 1097664 |
| Intel Corp. | 2.80 | &nbsp;&nbsp; 8-12-2041 | 50000 | &nbsp;&nbsp; 35605 |
| Intel Corp. | 3.25 | &nbsp;&nbsp; 11-15-2049 | 300000 | &nbsp;&nbsp; 196408 |
|  |  |  |  | &nbsp;&nbsp; **1329677** |
| **Software: 1.07%** |  |  |  |  |
| Cloud Software Group, Inc.144A | 8.25 | &nbsp;&nbsp; 6-30-2032 | 385000 | &nbsp;&nbsp; 385323 |
| Intuit, Inc. | 5.50 | &nbsp;&nbsp; 9-15-2053 | 420000 | &nbsp;&nbsp; 397501 |
| Oracle Corp. | 3.85 | &nbsp;&nbsp; 4-1-2060 | 265000 | &nbsp;&nbsp; 161211 |
| Oracle Corp. | 4.45 | &nbsp;&nbsp; 9-26-2030 | 605000 | &nbsp;&nbsp; 593356 |
| Oracle Corp. | 4.55 | &nbsp;&nbsp; 2-4-2029 | 230000 | &nbsp;&nbsp; 230437 |
| Oracle Corp. | 5.70 | &nbsp;&nbsp; 2-4-2036 | 1095000 | &nbsp;&nbsp; 1095613 |

---

The accompanying notes are an integral part of these financial statements.

10 \| Allspring Core Plus ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Software**(continued) |  |  |  |  |
| Oracle Corp. | 5.95<br> %<br>| &nbsp;&nbsp; 9-26-2055 | $485000 | &nbsp;&nbsp; $426797 |
| Oracle Corp. | 6.70 | &nbsp;&nbsp; 2-4-2056 | 445000 | &nbsp;&nbsp; 431543 |
|  |  |  |  | &nbsp;&nbsp; **3721781** |
| **Utilities: 2.22%** |  |  |  |  |
| **Electric: 2.11%** |  |  |  |  |
| AES Corp. (5 Year Treasury Constant Maturity+3.20%)± | 7.60 | &nbsp;&nbsp; 1-15-2055 | 45000 | &nbsp;&nbsp; 45231 |
| Basin Electric Power Cooperative144A | 5.85 | &nbsp;&nbsp; 10-15-2055 | 225000 | &nbsp;&nbsp; 226459 |
| CenterPoint Energy Houston Electric LLC Series AR | 4.85 | &nbsp;&nbsp; 4-1-2036 | 280000 | &nbsp;&nbsp; 280866 |
| &nbsp;&nbsp; Dominion Energy, Inc. (5 Year Treasury Constant <br> Maturity+2.21%)±<br>| 6.63 | &nbsp;&nbsp; 5-15-2055 | 230000 | &nbsp;&nbsp; 238751 |
| Duke Energy Corp. | 3.85 | &nbsp;&nbsp; 6-15-2034 | 165000 | &nbsp;&nbsp; 197517 |
| Duke Energy Florida LLC | 4.85 | &nbsp;&nbsp; 12-1-2035 | 220000 | &nbsp;&nbsp; 221681 |
| Duke Energy Indiana LLC | 5.40 | &nbsp;&nbsp; 4-1-2053 | 305000 | &nbsp;&nbsp; 295204 |
| Entergy Louisiana LLC | 5.65 | &nbsp;&nbsp; 4-15-2056 | 280000 | &nbsp;&nbsp; 277822 |
| Entergy Mississippi LLC | 5.80 | &nbsp;&nbsp; 4-15-2055 | 240000 | &nbsp;&nbsp; 243341 |
| &nbsp;&nbsp; EUSHI Finance, Inc. (5 Year Treasury Constant <br> Maturity+3.14%)±<br>| 7.63 | &nbsp;&nbsp; 12-15-2054 | 290000 | &nbsp;&nbsp; 306149 |
| Evergy, Inc. (5 Year Treasury Constant Maturity+2.56%)± | 6.65 | &nbsp;&nbsp; 6-1-2055 | 225000 | &nbsp;&nbsp; 231664 |
| Niagara Mohawk Power Corp.144A | 6.00 | &nbsp;&nbsp; 7-3-2055 | 810000 | &nbsp;&nbsp; 827071 |
| NRG Energy, Inc.144A | 5.41 | &nbsp;&nbsp; 10-15-2035 | 350000 | &nbsp;&nbsp; 353733 |
| PacifiCorp | 5.80 | &nbsp;&nbsp; 1-15-2055 | 390000 | &nbsp;&nbsp; 371494 |
| PG&E Corp. | 5.25 | &nbsp;&nbsp; 7-1-2030 | 103000 | &nbsp;&nbsp; 103085 |
| PG&E Corp. (5 Year Treasury Constant Maturity+3.88%)± | 7.38 | &nbsp;&nbsp; 3-15-2055 | 598000 | &nbsp;&nbsp; 618633 |
| PSEG Power LLC144A | 5.75 | &nbsp;&nbsp; 5-15-2035 | 400000 | &nbsp;&nbsp; 418865 |
| Sempra (5 Year Treasury Constant Maturity+2.35%)± | 6.63 | &nbsp;&nbsp; 4-1-2055 | 395000 | &nbsp;&nbsp; 401505 |
| Southern California Edison Co. | 3.65 | &nbsp;&nbsp; 2-1-2050 | 155000 | &nbsp;&nbsp; 111081 |
| Southern California Edison Co. | 5.75 | &nbsp;&nbsp; 4-15-2054 | 310000 | &nbsp;&nbsp; 298360 |
| Vistra Operations Co. LLC144A | 3.70 | &nbsp;&nbsp; 1-30-2027 | 125000 | &nbsp;&nbsp; 124422 |
| Vistra Operations Co. LLC144A | 4.60 | &nbsp;&nbsp; 10-15-2030 | 385000 | &nbsp;&nbsp; 387436 |
| Vistra Operations Co. LLC144A | 5.00 | &nbsp;&nbsp; 7-31-2027 | 365000 | &nbsp;&nbsp; 364474 |
| Vistra Operations Co. LLC144A | 5.35 | &nbsp;&nbsp; 1-31-2036 | 385000 | &nbsp;&nbsp; 387665 |
|  |  |  |  | &nbsp;&nbsp; **7332509** |
| **Gas: 0.11%** |  |  |  |  |
| Brooklyn Union Gas Co.144A | 6.39 | &nbsp;&nbsp; 9-15-2033 | 370000 | &nbsp;&nbsp; **401385** |
| **Total corporate bonds and notes (Cost $76,903,203)** |  |  |  | &nbsp;&nbsp; **78002634** |
| **Foreign corporate bonds and notes: 3.23%** |  |  |  |  |
| **Communications: 0.80%** |  |  |  |  |
| **Internet: 0.04%** |  |  |  |  |
| United Group BV144A | 6.50 | &nbsp;&nbsp; 10-31-2031 | 115000 | &nbsp;&nbsp; **141401** |
| **Media: 0.09%** |  |  |  |  |
| Ziggo BV | 2.88 | &nbsp;&nbsp; 1-15-2030 | 270000 | &nbsp;&nbsp; **303776** |
| **Telecommunications: 0.67%** |  |  |  |  |
| British Telecommunications PLC | 3.13 | &nbsp;&nbsp; 2-11-2032 | 195000 | &nbsp;&nbsp; 229252 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 11

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Telecommunications**(continued) |  |  |  |  |  |
| British Telecommunications PLC (UK Gilts 5 Year+3.82%)± | 8.38<br> %<br>| &nbsp;&nbsp; 12-20-2083 | GBP | 100000 | &nbsp;&nbsp; $145238 |
| Chorus Ltd. | 3.53 | &nbsp;&nbsp; 11-26-2032 | EUR | 400000 | &nbsp;&nbsp; 475794 |
| Fibercop SpA | 1.63 | &nbsp;&nbsp; 1-18-2029 | EUR | 130000 | &nbsp;&nbsp; 147174 |
| Koninklijke KPN NV | 3.88 | &nbsp;&nbsp; 7-3-2031 | EUR | 100000 | &nbsp;&nbsp; 123098 |
| Lorca Telecom Bondco SA | 4.00 | &nbsp;&nbsp; 9-18-2027 | EUR | 32021 | &nbsp;&nbsp; 37872 |
| SES SA (EURIBOR ICE Swap Rate 11:00am+3.23%)± | 5.50 | &nbsp;&nbsp; 9-12-2054 | EUR | 255000 | &nbsp;&nbsp; 296461 |
| TDC Net AS | 6.50 | &nbsp;&nbsp; 6-1-2031 | EUR | 250000 | &nbsp;&nbsp; 331984 |
| &nbsp;&nbsp; Telefonica Europe BV (EUR Swap Annual (vs. 6 Month <br> EURIBOR) 7 Year+3.35%)ʊ±<br>| 6.14 | &nbsp;&nbsp; 2-3-2030 | EUR | 200000 | &nbsp;&nbsp; 253569 |
| VMED O2 U.K. Financing I PLC | 5.63 | &nbsp;&nbsp; 4-15-2032 | EUR | 150000 | &nbsp;&nbsp; 172093 |
| Zegona Finance PLC144A | 6.75 | &nbsp;&nbsp; 7-15-2029 | EUR | 112500 | &nbsp;&nbsp; 139130 |
|  |  |  |  |  | &nbsp;&nbsp; **2351665** |
| **Consumer, cyclical: 0.46%** |  |  |  |  |  |
| **Auto manufacturers: 0.13%** |  |  |  |  |  |
| RCI Banque SA | 3.63 | &nbsp;&nbsp; 11-3-2032 | EUR | 400000 | &nbsp;&nbsp; **470996** |
| **Entertainment: 0.04%** |  |  |  |  |  |
| Universal Music Group NV | 4.00 | &nbsp;&nbsp; 6-13-2031 | EUR | 115000 | &nbsp;&nbsp; **140970** |
| **Leisure time: 0.04%** |  |  |  |  |  |
| TUI AG | 5.88 | &nbsp;&nbsp; 3-15-2029 | EUR | 110000 | &nbsp;&nbsp; **133995** |
| **Lodging: 0.18%** |  |  |  |  |  |
| Essendi SA | 5.50 | &nbsp;&nbsp; 11-15-2031 | EUR | 500000 | &nbsp;&nbsp; **610687** |
| **Retail: 0.07%** |  |  |  |  |  |
| Dufry One BV | 4.50 | &nbsp;&nbsp; 5-23-2032 | EUR | 101000 | &nbsp;&nbsp; 123250 |
| Fressnapf Holding SE | 5.25 | &nbsp;&nbsp; 10-31-2031 | EUR | 100000 | &nbsp;&nbsp; 119966 |
|  |  |  |  |  | &nbsp;&nbsp; **243216** |
| **Consumer, non-cyclical: 0.35%** |  |  |  |  |  |
| **Agriculture: 0.03%** |  |  |  |  |  |
| BAT International Finance PLC | 2.25 | &nbsp;&nbsp; 1-16-2030 | EUR | 100000 | &nbsp;&nbsp; **114948** |
| **Commercial services: 0.20%** |  |  |  |  |  |
| Nexi SpA | 2.13 | &nbsp;&nbsp; 4-30-2029 | EUR | 150000 | &nbsp;&nbsp; 171260 |
| Rentokil Initial Finance BV | 3.88 | &nbsp;&nbsp; 6-27-2027 | EUR | 290000 | &nbsp;&nbsp; 347747 |
| Transurban Finance Co. Pty. Ltd. | 4.23 | &nbsp;&nbsp; 4-26-2033 | EUR | 135000 | &nbsp;&nbsp; 168244 |
|  |  |  |  |  | &nbsp;&nbsp; **687251** |
| **Food: 0.12%** |  |  |  |  |  |
| Iceland Bondco PLC | 10.88 | &nbsp;&nbsp; 12-15-2027 | GBP | 149000 | &nbsp;&nbsp; 212389 |
| Market Bidco Finco PLC | 5.50 | &nbsp;&nbsp; 11-4-2027 | GBP | 140000 | &nbsp;&nbsp; 188726 |
|  |  |  |  |  | &nbsp;&nbsp; **401115** |

---

The accompanying notes are an integral part of these financial statements.

12 \| Allspring Core Plus ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Energy: 0.13%** |  |  |  |  |  |
| **Oil & gas: 0.13%** |  |  |  |  |  |
| Aker BP ASA | 1.13<br> %<br>| &nbsp;&nbsp; 5-12-2029 | EUR | 200000 | &nbsp;&nbsp; $223336 |
| &nbsp;&nbsp; Wintershall Dea Finance 2 BV Series NC8 (EUR Swap Annual <br> (vs. 6 Month EURIBOR) 5 Year+3.32%)ʊ±<br>| 3.00 | &nbsp;&nbsp; 7-20-2028 | EUR | 200000 | &nbsp;&nbsp; 228419 |
|  |  |  |  |  | &nbsp;&nbsp; **451755** |
| **Financial: 0.75%** |  |  |  |  |  |
| **Banks: 0.51%** |  |  |  |  |  |
| &nbsp;&nbsp; ABN AMRO Bank NV (EUR Swap Annual (vs. 6 Month EURIBOR) <br> 5 Year+3.90%)ʊ±<br>| 4.75 | &nbsp;&nbsp; 9-22-2027 | EUR | 200000 | &nbsp;&nbsp; 239865 |
| &nbsp;&nbsp; BAWAG Group AG (EURIBOR ICE Swap Rate <br> 11:00am+5.05%)ʊ±<br>| 7.25 | &nbsp;&nbsp; 9-18-2029 | EUR | 200000 | &nbsp;&nbsp; 253749 |
| &nbsp;&nbsp; CaixaBank SA (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+3.55%)±<br>| 6.25 | &nbsp;&nbsp; 2-23-2033 | EUR | 100000 | &nbsp;&nbsp; 124738 |
| &nbsp;&nbsp; Credit Agricole SA (EURIBOR ICE Swap Rate <br> 11:00am+4.44%)ʊ±<br>| 7.25 | &nbsp;&nbsp; 9-23-2028 | EUR | 200000 | &nbsp;&nbsp; 254635 |
| Deutsche Bank AG (3 Month EURIBOR+2.95%)± | 5.00 | &nbsp;&nbsp; 9-5-2030 | EUR | 100000 | &nbsp;&nbsp; 125427 |
| KBC Group NV (EURIBOR ICE Swap Rate 11:00am+4.93%)ʊ± | 8.00 | &nbsp;&nbsp; 9-5-2028 | EUR | 200000 | &nbsp;&nbsp; 259597 |
| &nbsp;&nbsp; Nykredit Realkredit AS (EUR Swap Annual (vs. 6 Month <br> EURIBOR) 5 Year+4.57%)ʊ±<br>| 4.13 | &nbsp;&nbsp; 4-15-2026 | EUR | 200000 | &nbsp;&nbsp; 236699 |
| &nbsp;&nbsp; Raiffeisen Bank International AG (EURIBOR ICE Swap Rate <br> 11:00am+5.20%)±<br>| 7.38 | &nbsp;&nbsp; 12-20-2032 | EUR | 100000 | &nbsp;&nbsp; 125345 |
| UBS Group AG (EURIBOR ICE Swap Rate 11:00am+4.95%)± | 7.75 | &nbsp;&nbsp; 3-1-2029 | EUR | 125000 | &nbsp;&nbsp; 161925 |
|  |  |  |  |  | &nbsp;&nbsp; **1781980** |
| **Insurance: 0.04%** |  |  |  |  |  |
| AXA SA | 3.63 | &nbsp;&nbsp; 1-10-2033 | EUR | 100000 | &nbsp;&nbsp; **121550** |
| **Real estate: 0.20%** |  |  |  |  |  |
| Aroundtown SA | 3.50 | &nbsp;&nbsp; 5-13-2030 | EUR | 400000 | &nbsp;&nbsp; 472262 |
| &nbsp;&nbsp; Castellum AB (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+3.45%)ʊ±<br>| 3.13 | &nbsp;&nbsp; 12-2-2026 | EUR | 200000 | &nbsp;&nbsp; 234569 |
|  |  |  |  |  | &nbsp;&nbsp; **706831** |
| **Government securities: 0.07%** |  |  |  |  |  |
| **Multi-national: 0.07%** |  |  |  |  |  |
| Banque Ouest Africaine de Developpement | 2.75 | &nbsp;&nbsp; 1-22-2033 | EUR | 230000 | &nbsp;&nbsp; **233350** |
| **Industrial: 0.08%** |  |  |  |  |  |
| **Engineering & construction: 0.04%** |  |  |  |  |  |
| Infrastrutture Wireless Italiane SpA | 1.75 | &nbsp;&nbsp; 4-19-2031 | EUR | 120000 | &nbsp;&nbsp; **134119** |
| **Packaging & containers: 0.04%** |  |  |  |  |  |
| OI European Group BV | 6.25 | &nbsp;&nbsp; 5-15-2028 | EUR | 130000 | &nbsp;&nbsp; **157071** |
| **Technology: 0.04%** |  |  |  |  |  |
| **Computers: 0.04%** |  |  |  |  |  |
| Almaviva-The Italian Innovation Co. SpA144A | 5.00 | &nbsp;&nbsp; 10-30-2030 | EUR | 135000 | &nbsp;&nbsp; **154660** |

---

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 13

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Utilities: 0.55%** |  |  |  |  |  |
| **Electric: 0.21%** |  |  |  |  |  |
| Enel Finance International NV | 4.00<br> %<br>| &nbsp;&nbsp; 2-20-2031 | EUR | 280000 | &nbsp;&nbsp; $345830 |
| Energia Group Roi Financeco DAC144A | 6.88 | &nbsp;&nbsp; 7-31-2028 | EUR | 100000 | &nbsp;&nbsp; 122168 |
| &nbsp;&nbsp; Iberdrola Finanzas SA (EURIBOR ICE Swap Rate <br> 11:00am+1.36%)ʊ±<br>| 3.75 | &nbsp;&nbsp; 8-5-2031 | EUR | 100000 | &nbsp;&nbsp; 117585 |
| Vattenfall AB (UK Gilts 5 Year+1.90%)± | 2.50 | &nbsp;&nbsp; 6-29-2083 | GBP | 105000 | &nbsp;&nbsp; 134434 |
|  |  |  |  |  | &nbsp;&nbsp; **720017** |
| **Gas: 0.25%** |  |  |  |  |  |
| APA Infrastructure Ltd. | 2.00 | &nbsp;&nbsp; 7-15-2030 | EUR | 150000 | &nbsp;&nbsp; 169799 |
| Centrica PLC (UK Gilts 5 Year+2.51%)± | 6.50 | &nbsp;&nbsp; 5-21-2055 | GBP | 500000 | &nbsp;&nbsp; 699094 |
|  |  |  |  |  | &nbsp;&nbsp; **868893** |
| **Water: 0.09%** |  |  |  |  |  |
| &nbsp;&nbsp; Holding d'Infrastructures des Metiers de l'Environnement <br> SAS<br>| 4.88 | &nbsp;&nbsp; 10-24-2029 | EUR | 265000 | &nbsp;&nbsp; **326798** |
| **Total foreign corporate bonds and notes (Cost $10,360,873)** |  |  |  |  | &nbsp;&nbsp; **11257044** |
| **Foreign government bonds: 4.75%** |  |  |  |  |  |
| **Australia: 0.64%** |  |  |  |  |  |
| Australia | 2.25 | &nbsp;&nbsp; 5-21-2028 | AUD | 1290000 | &nbsp;&nbsp; 880564 |
| Australia | 2.75 | &nbsp;&nbsp; 11-21-2027 | AUD | 1300000 | &nbsp;&nbsp; 903210 |
| New South Wales Treasury Corp. | 3.00 | &nbsp;&nbsp; 4-20-2029 | AUD | 670000 | &nbsp;&nbsp; 456937 |
|  |  |  |  |  | &nbsp;&nbsp; **2240711** |
| **Belgium: 0.25%** |  |  |  |  |  |
| Kingdom of Belgium144A | 3.40 | &nbsp;&nbsp; 6-22-2036 | EUR | 720000 | &nbsp;&nbsp; **868713** |
| **Brazil: 0.50%** |  |  |  |  |  |
| Brazil Notas do Tesouro Nacional | 10.00 | &nbsp;&nbsp; 1-1-2031 | BRL | 10000000 | &nbsp;&nbsp; **1746525** |
| **Chile: 0.13%** |  |  |  |  |  |
| Bonos de la Tesoreria de la Republica en pesos144A | 4.70 | &nbsp;&nbsp; 9-1-2030 | CLP | 380000000 | &nbsp;&nbsp; **442505** |
| **Colombia: 0.42%** |  |  |  |  |  |
| Colombia TES | 5.75 | &nbsp;&nbsp; 11-3-2027 | COP | 6200000000 | &nbsp;&nbsp; **1458468** |
| **Czech Republic: 0.23%** |  |  |  |  |  |
| Czech Republic | 5.00 | &nbsp;&nbsp; 9-30-2030 | CZK | 15630000 | &nbsp;&nbsp; **805952** |
| **France: 0.49%** |  |  |  |  |  |
| French Republic144A | 2.70 | &nbsp;&nbsp; 2-25-2031 | EUR | 1435000 | &nbsp;&nbsp; **1708057** |
| **Luxembourg: 0.49%** |  |  |  |  |  |
| European Union | 2.63 | &nbsp;&nbsp; 7-4-2028 | EUR | 1430000 | &nbsp;&nbsp; **1707452** |
| **Mexico: 0.24%** |  |  |  |  |  |
| Mexico Bonos | 8.50 | &nbsp;&nbsp; 2-28-2030 | MXN | 14000000 | &nbsp;&nbsp; **831099** |

---

The accompanying notes are an integral part of these financial statements.

14 \| Allspring Core Plus ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Singapore: 0.25%** |  |  |  |  |  |
| Singapore | 2.88<br> %<br>| &nbsp;&nbsp; 9-1-2030 | SGD | 1020000 | &nbsp;&nbsp; **$853174** |
| **South Africa: 0.25%** |  |  |  |  |  |
| Republic of South Africa | 8.00 | &nbsp;&nbsp; 1-31-2030 | ZAR | 13400000 | &nbsp;&nbsp; **865662** |
| **Sweden: 0.25%** |  |  |  |  |  |
| Sweden | 0.13 | &nbsp;&nbsp; 5-12-2031 | SEK | 8900000 | &nbsp;&nbsp; **887610** |
| **United Kingdom: 0.61%** |  |  |  |  |  |
| U.K. Gilts | 3.75 | &nbsp;&nbsp; 3-7-2027 | GBP | 625000 | &nbsp;&nbsp; 844179 |
| U.K. Gilts | 4.38 | &nbsp;&nbsp; 3-7-2030 | GBP | 925000 | &nbsp;&nbsp; 1278576 |
|  |  |  |  |  | &nbsp;&nbsp; **2122755** |
| **Total foreign government bonds (Cost $16,203,270)** |  |  |  |  | &nbsp;&nbsp; **16538683** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Investment companies: 0.59%** |  |  |
| **Exchange-traded funds: 0.59%** |  |  |
| State Street SPDR Portfolio High Yield Bond ETF | 14268 | &nbsp;&nbsp; 338152 |
| Vanguard Intermediate-Term Corporate Bond ETF | 20139 | &nbsp;&nbsp; 1706176 |
| **Total investment companies (Cost $2,020,454)** |  | &nbsp;&nbsp; **2044328** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | Principal |  |
| **Loans: 0.00%** |  |  |  |  |
| **Consumer, cyclical: 0.00%** |  |  |  |  |
| **Airlines: 0.00%** |  |  |  |  |
| &nbsp;&nbsp; Vista Management Holding, Inc. (U.S. SOFR 3 <br> Month+3.75%)±<br>| 7.41 | &nbsp;&nbsp; 4-1-2031 | $14850 | &nbsp;&nbsp; **14859** |
| **Total loans (Cost $14,752)** |  |  |  | &nbsp;&nbsp; **14859** |
| **Non-agency mortgage-backed securities: 5.87%** |  |  |  |  |
| &nbsp;&nbsp; 1345 Trust Series 2025-AOA Class A (U.S. SOFR 1 <br> Month+1.60%)144A±<br>| 5.26 | &nbsp;&nbsp; 6-15-2042 | 750000 | &nbsp;&nbsp; 751574 |
| A&D Mortgage Trust Series 2024-NQM5 Class A1144A | 5.70 | &nbsp;&nbsp; 11-25-2069 | 786196 | &nbsp;&nbsp; 792893 |
| A&D Mortgage Trust Series 2024-NQM6 Class A2144A±± | 5.92 | &nbsp;&nbsp; 1-25-2070 | 870508 | &nbsp;&nbsp; 878563 |
| A&D Mortgage Trust Series 2025-NQM3 Class A1144A±± | 5.37 | &nbsp;&nbsp; 8-25-2070 | 377073 | &nbsp;&nbsp; 379803 |
| A&D Mortgage Trust Series 2026-NQM1 Class A1144A±± | 4.91 | &nbsp;&nbsp; 2-25-2071 | 337164 | &nbsp;&nbsp; 337765 |
| Ajax Mortgage Loan Trust Series 2021-E Class A1144A±± | 1.74 | &nbsp;&nbsp; 12-25-2060 | 1034259 | &nbsp;&nbsp; 926063 |
| Angel Oak Mortgage Trust Series 2025-1 Class A1144A±± | 5.69 | &nbsp;&nbsp; 1-25-2070 | 816681 | &nbsp;&nbsp; 825851 |
| BAHA Trust Series 2024-MAR Class B144A±± | 7.07 | &nbsp;&nbsp; 12-10-2041 | 1000000 | &nbsp;&nbsp; 1051877 |
| Bank Series 2019-BN19 Class A3 | 3.18 | &nbsp;&nbsp; 8-15-2061 | 135000 | &nbsp;&nbsp; 129590 |
| &nbsp;&nbsp; BHMS Commercial Mortgage Trust Series 2025-ATLS Class B <br> (U.S. SOFR 1 Month+2.55%)144A±<br>| 6.21 | &nbsp;&nbsp; 8-15-2042 | 210000 | &nbsp;&nbsp; 210659 |
| &nbsp;&nbsp; BOCA Commercial Mortgage Trust Series 2025-BOCA Class C <br> (U.S. SOFR 1 Month+2.15%)144A±<br>| 5.81 | &nbsp;&nbsp; 12-15-2042 | 100000 | &nbsp;&nbsp; 100330 |
| BX Trust Series 2019-OC11 Class A144A | 3.20 | &nbsp;&nbsp; 12-9-2041 | 1300000 | &nbsp;&nbsp; 1249329 |
| &nbsp;&nbsp; BX Trust Series 2025-VOLT Class B (U.S. SOFR 1 <br> Month+2.10%)144A±<br>| 5.76 | &nbsp;&nbsp; 12-15-2044 | 840000 | &nbsp;&nbsp; 841571 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 15

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Non-agency mortgage-backed securities**(continued) |  |  |  |  |
| CSMC Trust Series 2018-RPL9 Class A144A±± | 3.85<br> %<br>| &nbsp;&nbsp; 9-25-2057 | $742639 | &nbsp;&nbsp; $726596 |
| EFMT Series 2025-NQM3 Class A1144A±± | 5.49 | &nbsp;&nbsp; 8-25-2070 | 729759 | &nbsp;&nbsp; 737790 |
| &nbsp;&nbsp; FS Trust Series 2026-HULA Class B (U.S. SOFR 1 <br> Month+1.65%)144A±%%<br>| 5.32 | &nbsp;&nbsp; 3-15-2041 | 545000 | &nbsp;&nbsp; 545257 |
| Harvest Commercial Capital Loan Trust Series 2024-1 Class A | 6.16 | &nbsp;&nbsp; 10-25-2056 | 1019847 | &nbsp;&nbsp; 1054782 |
| &nbsp;&nbsp; HAVN Trust Series 2025-MOB Class A (U.S. SOFR 1 <br> Month+1.70%)144A±<br>| 5.36 | &nbsp;&nbsp; 10-15-2035 | 320000 | &nbsp;&nbsp; 319400 |
| &nbsp;&nbsp; JPMorgan Mortgage Trust Series 2025-7MPR <br> Class A1D144A±±<br>| 5.32 | &nbsp;&nbsp; 2-25-2056 | 961527 | &nbsp;&nbsp; 967128 |
| &nbsp;&nbsp; JPMorgan Mortgage Trust Series 2025-CES1 <br> Class A3144A±±<br>| 6.07 | &nbsp;&nbsp; 5-25-2055 | 1000000 | &nbsp;&nbsp; 1014561 |
| Morgan Stanley Capital I Trust Series 2014-150E Class A144A | 3.91 | &nbsp;&nbsp; 9-9-2032 | 1320000 | &nbsp;&nbsp; 1244816 |
| &nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust Series 2025-<br> NQM5 Class A1144A±±<br>| 5.44 | &nbsp;&nbsp; 7-25-2070 | 397581 | &nbsp;&nbsp; 401316 |
| &nbsp;&nbsp; One New York Plaza Trust Series 2020-1NYP Class A <br> (U.S. SOFR 1 Month+1.06%)144A±<br>| 4.72 | &nbsp;&nbsp; 1-15-2036 | 212379 | &nbsp;&nbsp; 207204 |
| PRKCM Trust Series 2022-AFC1 Class A1A144A±± | 4.10 | &nbsp;&nbsp; 4-25-2057 | 570958 | &nbsp;&nbsp; 577467 |
| RCKT Mortgage Trust Series 2024-CES9 Class A1A144A±± | 5.58 | &nbsp;&nbsp; 12-25-2044 | 147916 | &nbsp;&nbsp; 149559 |
| ROCK Trust Series 2024-CNTR Class A144A | 5.39 | &nbsp;&nbsp; 11-13-2041 | 1000000 | &nbsp;&nbsp; 1034957 |
| ROCK Trust Series 2024-CNTR Class B144A | 5.93 | &nbsp;&nbsp; 11-13-2041 | 225000 | &nbsp;&nbsp; 234138 |
| &nbsp;&nbsp; SDAL Trust Series 2025-DAL Class A (U.S. SOFR 1 <br> Month+2.44%)144A±<br>| 6.10 | &nbsp;&nbsp; 4-15-2042 | 760000 | &nbsp;&nbsp; 761603 |
| &nbsp;&nbsp; SFAVE Commercial Mortgage Securities Trust Series 2015-<br> 5AVE Class D144A±±<br>| 4.39 | &nbsp;&nbsp; 1-5-2043 | 1000000 | &nbsp;&nbsp; 778428 |
| &nbsp;&nbsp; SWCH Commercial Mortgage Trust Series 2025-DATA Class B <br> (U.S. SOFR 1 Month+1.84%)144A±<br>| 5.50 | &nbsp;&nbsp; 2-15-2042 | 1000000 | &nbsp;&nbsp; 993748 |
| Verus Securitization Trust Series 2024-9 Class M1144A±± | 6.20 | &nbsp;&nbsp; 11-25-2069 | 200000 | &nbsp;&nbsp; 202552 |
| &nbsp;&nbsp; **Total non-agency mortgage-backed securities** <br> **(Cost $20,247,837)**<br>|  |  |  | &nbsp;&nbsp; **20427170** |
| **U.S. Treasury securities: 13.77%** |  |  |  |  |
| U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 11-15-2044 | 360000 | &nbsp;&nbsp; 363389 |
| U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 11-15-2045 | 16028000 | &nbsp;&nbsp; 16133184 |
| U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 2-15-2046 | 789000 | &nbsp;&nbsp; 794548 |
| U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 11-15-2055 | 1765000 | &nbsp;&nbsp; 1761966 |
| U.S. Treasury Bonds | 4.75 | &nbsp;&nbsp; 2-15-2045 | 3721000 | &nbsp;&nbsp; 3814025 |
| U.S. Treasury Bonds | 4.75 | &nbsp;&nbsp; 5-15-2055 | 659000 | &nbsp;&nbsp; 670661 |
| U.S. Treasury Bonds | 4.75 | &nbsp;&nbsp; 8-15-2055 | 2573000 | &nbsp;&nbsp; 2620038 |
| U.S. Treasury Bonds | 4.88 | &nbsp;&nbsp; 8-15-2045 | 2635000 | &nbsp;&nbsp; 2740812 |
| U.S. Treasury Notes | 3.50 | &nbsp;&nbsp; 1-15-2029 | 180000 | &nbsp;&nbsp; 180548 |
| U.S. Treasury Notes | 3.75 | &nbsp;&nbsp; 1-31-2031 | 3419000 | &nbsp;&nbsp; 3453724 |
| U.S. Treasury Notes | 4.00 | &nbsp;&nbsp; 11-15-2035 | 10316000 | &nbsp;&nbsp; 10353073 |
| U.S. Treasury Notes | 4.13 | &nbsp;&nbsp; 11-15-2032 | 4597000 | &nbsp;&nbsp; 4711925 |
| U.S. Treasury Notes | 4.13 | &nbsp;&nbsp; 2-15-2036 | 330000 | &nbsp;&nbsp; 334383 |
| **Total U.S. Treasury securities (Cost $47,038,018)** |  |  |  | &nbsp;&nbsp; **47932276** |

---

The accompanying notes are an integral part of these financial statements.

16 \| Allspring Core Plus ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Yankee corporate bonds and notes: 8.44%** |  |  |  |  |
| **Basic materials: 0.35%** |  |  |  |  |
| **Chemicals: 0.12%** |  |  |  |  |
| Braskem Netherlands Finance BV144A | 7.25<br> %<br>| &nbsp;&nbsp; 2-13-2033 | $420000 | &nbsp;&nbsp; $173250 |
| Orbia Advance Corp. SAB de CV144A | 7.50 | &nbsp;&nbsp; 5-13-2035 | 260000 | &nbsp;&nbsp; 261992 |
|  |  |  |  | &nbsp;&nbsp; **435242** |
| **Mining: 0.23%** |  |  |  |  |
| Glencore Finance Canada Ltd.144A | 6.90 | &nbsp;&nbsp; 11-15-2037 | 155000 | &nbsp;&nbsp; 177943 |
| Rio Tinto Finance USA PLC | 5.75 | &nbsp;&nbsp; 3-14-2055 | 585000 | &nbsp;&nbsp; 607156 |
|  |  |  |  | &nbsp;&nbsp; **785099** |
| **Communications: 0.44%** |  |  |  |  |
| **Media: 0.01%** |  |  |  |  |
| Virgin Media Secured Finance PLC144A | 4.50 | &nbsp;&nbsp; 8-15-2030 | 31000 | &nbsp;&nbsp; **28258** |
| **Telecommunications: 0.43%** |  |  |  |  |
| Colombia Telecomunicaciones SA ESP144A | 4.95 | &nbsp;&nbsp; 7-17-2030 | 315000 | &nbsp;&nbsp; 295127 |
| Nokia Oyj | 6.63 | &nbsp;&nbsp; 5-15-2039 | 130000 | &nbsp;&nbsp; 140784 |
| &nbsp;&nbsp; Rogers Communications, Inc. (5 Year Treasury Constant <br> Maturity+2.62%)±<br>| 7.13 | &nbsp;&nbsp; 4-15-2055 | 431000 | &nbsp;&nbsp; 456459 |
| TELUS Corp. (5 Year Treasury Constant Maturity+2.52%)± | 6.63 | &nbsp;&nbsp; 6-9-2056 | 320000 | &nbsp;&nbsp; 322587 |
| TELUS Corp. (5 Year Treasury Constant Maturity+2.71%)± | 7.00 | &nbsp;&nbsp; 10-15-2055 | 260000 | &nbsp;&nbsp; 274366 |
|  |  |  |  | &nbsp;&nbsp; **1489323** |
| **Consumer, cyclical: 0.71%** |  |  |  |  |
| **Airlines: 0.06%** |  |  |  |  |
| Air Canada Pass-Through Trust Series 2020-1 Class C144A | 10.50 | &nbsp;&nbsp; 7-15-2026 | 210000 | &nbsp;&nbsp; **214392** |
| **Apparel: 0.06%** |  |  |  |  |
| Gildan Activewear, Inc.144A | 5.40 | &nbsp;&nbsp; 10-7-2035 | 215000 | &nbsp;&nbsp; **217390** |
| **Leisure time: 0.59%** |  |  |  |  |
| Carnival Corp.144A | 6.13 | &nbsp;&nbsp; 2-15-2033 | 890000 | &nbsp;&nbsp; 921378 |
| Royal Caribbean Cruises Ltd. | 5.25 | &nbsp;&nbsp; 2-27-2038 | 285000 | &nbsp;&nbsp; 285448 |
| Royal Caribbean Cruises Ltd.144A | 5.63 | &nbsp;&nbsp; 9-30-2031 | 130000 | &nbsp;&nbsp; 134003 |
| Royal Caribbean Cruises Ltd.144A | 6.00 | &nbsp;&nbsp; 2-1-2033 | 675000 | &nbsp;&nbsp; 699260 |
|  |  |  |  | &nbsp;&nbsp; **2040089** |
| **Consumer, non-cyclical: 0.11%** |  |  |  |  |
| **Beverages: 0.11%** |  |  |  |  |
| Becle SAB de CV144A | 2.50 | &nbsp;&nbsp; 10-14-2031 | 450000 | &nbsp;&nbsp; **394767** |
| **Energy: 1.13%** |  |  |  |  |
| **Oil & gas: 1.04%** |  |  |  |  |
| Aker BP ASA144A | 5.80 | &nbsp;&nbsp; 10-1-2054 | 270000 | &nbsp;&nbsp; 253593 |
| &nbsp;&nbsp; BP Capital Markets PLC (5 Year Treasury Constant <br> Maturity+2.15%)ʊ±<br>| 6.45 | &nbsp;&nbsp; 12-1-2033 | 245000 | &nbsp;&nbsp; 261138 |
| &nbsp;&nbsp; BP Capital Markets PLC (5 Year Treasury Constant <br> Maturity+4.40%)ʊ±<br>| 4.88 | &nbsp;&nbsp; 3-22-2030 | 755000 | &nbsp;&nbsp; 752495 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 17

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Oil & gas**(continued) |  |  |  |  |
| Harbour Energy PLC144A | 6.33<br> %<br>| &nbsp;&nbsp; 4-1-2035 | $650000 | &nbsp;&nbsp; $676986 |
| Santos Finance Ltd.144A | 5.75 | &nbsp;&nbsp; 11-13-2035 | 450000 | &nbsp;&nbsp; 460144 |
| Saudi Arabian Oil Co.144A | 5.00 | &nbsp;&nbsp; 2-2-2036 | 845000 | &nbsp;&nbsp; 846141 |
| Saudi Arabian Oil Co.144A | 6.38 | &nbsp;&nbsp; 6-2-2055 | 340000 | &nbsp;&nbsp; 358313 |
|  |  |  |  | &nbsp;&nbsp; **3608810** |
| **Pipelines: 0.09%** |  |  |  |  |
| Enbridge, Inc. (5 Year Treasury Constant Maturity+4.42%)± | 7.63 | &nbsp;&nbsp; 1-15-2083 | 50000 | &nbsp;&nbsp; 54939 |
| &nbsp;&nbsp; Enbridge, Inc. Series 20-A (5 Year Treasury Constant <br> Maturity+5.31%)±<br>| 5.75 | &nbsp;&nbsp; 7-15-2080 | 245000 | &nbsp;&nbsp; 249352 |
|  |  |  |  | &nbsp;&nbsp; **304291** |
| **Financial: 4.71%** |  |  |  |  |
| **Banks: 3.65%** |  |  |  |  |
| AIB Group PLC (U.S. SOFR+1.65%)144A± | 5.32 | &nbsp;&nbsp; 5-15-2031 | 510000 | &nbsp;&nbsp; 529787 |
| Banco Bradesco SA144A | 5.38 | &nbsp;&nbsp; 1-20-2031 | 510000 | &nbsp;&nbsp; 514080 |
| &nbsp;&nbsp; Banco Mercantil del Norte SA (5 Year Treasury Constant <br> Maturity+4.64%)144Aʊ±<br>| 5.88 | &nbsp;&nbsp; 1-24-2027 | 420000 | &nbsp;&nbsp; 419485 |
| &nbsp;&nbsp; Banco Nacional de Comercio Exterior SNC (5 Year Treasury <br> Constant Maturity+2.00%)144A±<br>| 2.72 | &nbsp;&nbsp; 8-11-2031 | 245000 | &nbsp;&nbsp; 242360 |
| Banco Santander Chile144A | 4.55 | &nbsp;&nbsp; 11-20-2030 | 270000 | &nbsp;&nbsp; 271833 |
| &nbsp;&nbsp; Banco Santander Mexico SA Institucion de Banca Multiple <br> Grupo Financiero Santand (5 Year Treasury Constant <br> Maturity+3.00%)144A±<br>| 7.53 | &nbsp;&nbsp; 10-1-2028 | 250000 | &nbsp;&nbsp; 266776 |
| Banque Federative du Credit Mutuel SA144A | 5.19 | &nbsp;&nbsp; 2-16-2028 | 650000 | &nbsp;&nbsp; 664718 |
| Barclays PLC (U.S. SOFR+1.23%)± | 5.37 | &nbsp;&nbsp; 2-25-2031 | 665000 | &nbsp;&nbsp; 690289 |
| Barclays PLC (U.S. SOFR+1.51%)± | 5.21 | &nbsp;&nbsp; 2-24-2037 | 360000 | &nbsp;&nbsp; 359660 |
| &nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant <br> Maturity+2.85%)144Aʊ±<br>| 6.88 | &nbsp;&nbsp; 12-15-2033 | 675000 | &nbsp;&nbsp; 678563 |
| &nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant <br> Maturity+4.90%)144Aʊ±<br>| 7.75 | &nbsp;&nbsp; 8-16-2029 | 215000 | &nbsp;&nbsp; 228847 |
| Canadian Imperial Bank of Commerce (U.S. SOFR+0.79%)± | 4.28 | &nbsp;&nbsp; 1-29-2030 | 755000 | &nbsp;&nbsp; 760073 |
| &nbsp;&nbsp; Commonwealth Bank of Australia (1 Year Treasury Constant <br> Maturity+1.32%)144A±<br>| 5.93 | &nbsp;&nbsp; 3-14-2046 | 720000 | &nbsp;&nbsp; 752373 |
| Credit Agricole SA (U.S. SOFR+1.36%)144A± | 4.82 | &nbsp;&nbsp; 9-25-2033 | 435000 | &nbsp;&nbsp; 438282 |
| Credit Agricole SA (U.S. SOFR+1.46%)144A± | 5.22 | &nbsp;&nbsp; 5-27-2031 | 395000 | &nbsp;&nbsp; 408429 |
| &nbsp;&nbsp; Danske Bank AS (1 Year Treasury Constant <br> Maturity+1.40%)144A±<br>| 5.71 | &nbsp;&nbsp; 3-1-2030 | 465000 | &nbsp;&nbsp; 485296 |
| &nbsp;&nbsp; Danske Bank AS (1 Year Treasury Constant <br> Maturity+1.75%)144A±<br>| 4.30 | &nbsp;&nbsp; 4-1-2028 | 835000 | &nbsp;&nbsp; 838087 |
| Deutsche Bank AG (U.S. SOFR+1.10%)± | 4.47 | &nbsp;&nbsp; 12-10-2031 | 625000 | &nbsp;&nbsp; 628583 |
| HSBC Holdings PLC (U.S. SOFR+1.57%)± | 5.24 | &nbsp;&nbsp; 5-13-2031 | 695000 | &nbsp;&nbsp; 719996 |
| &nbsp;&nbsp; Lloyds Banking Group PLC (5 Year Treasury Constant <br> Maturity+4.82%)ʊ±<br>| 6.75 | &nbsp;&nbsp; 6-27-2026 | 215000 | &nbsp;&nbsp; 216302 |
| &nbsp;&nbsp; National Australia Bank Ltd. (5 Year Treasury Constant <br> Maturity+1.70%)144A±<br>| 3.35 | &nbsp;&nbsp; 1-12-2037 | 430000 | &nbsp;&nbsp; 398930 |
| NatWest Markets PLC144A | 1.60 | &nbsp;&nbsp; 9-29-2026 | 245000 | &nbsp;&nbsp; 241717 |
| &nbsp;&nbsp; UBS Group AG (1 Year Treasury Constant <br> Maturity+0.85%)144A±<br>| 1.49 | &nbsp;&nbsp; 8-10-2027 | 515000 | &nbsp;&nbsp; 509235 |

---

The accompanying notes are an integral part of these financial statements.

18 \| Allspring Core Plus ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp; UBS Group AG (1 Year Treasury Constant <br> Maturity+2.05%)144A±<br>| 4.70<br> %<br>| &nbsp;&nbsp; 8-5-2027 | $315000 | &nbsp;&nbsp; $315828 |
| &nbsp;&nbsp; UBS Group AG (5 Year Treasury Constant <br> Maturity+3.40%)144Aʊ±<br>| 4.88 | &nbsp;&nbsp; 2-12-2027 | 81000 | &nbsp;&nbsp; 80662 |
| UBS Group AG (U.S. SOFR+1.73%)144A± | 3.09 | &nbsp;&nbsp; 5-14-2032 | 485000 | &nbsp;&nbsp; 453847 |
| &nbsp;&nbsp; UBS Group AG (USD SOFR ICE Swap Rate 11:00am NY 5 <br> Year+3.63%)144Aʊ±<br>| 6.85 | &nbsp;&nbsp; 9-10-2029 | 585000 | &nbsp;&nbsp; 596741 |
|  |  |  |  | &nbsp;&nbsp; **12710779** |
| **Diversified financial services: 0.32%** |  |  |  |  |
| &nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global Aviation Trust (5 <br> Year Treasury Constant Maturity+2.72%)±<br>| 6.95 | &nbsp;&nbsp; 3-10-2055 | 160000 | &nbsp;&nbsp; 169100 |
| Avolon Holdings Funding Ltd.144A | 2.75 | &nbsp;&nbsp; 2-21-2028 | 210000 | &nbsp;&nbsp; 204320 |
| Avolon Holdings Funding Ltd.144A | 4.95 | &nbsp;&nbsp; 1-15-2028 | 255000 | &nbsp;&nbsp; 258387 |
| Avolon Holdings Funding Ltd.144A | 5.75 | &nbsp;&nbsp; 3-1-2029 | 225000 | &nbsp;&nbsp; 234075 |
| Brookfield Asset Management Ltd. | 6.08 | &nbsp;&nbsp; 9-15-2055 | 240000 | &nbsp;&nbsp; 244011 |
|  |  |  |  | &nbsp;&nbsp; **1109893** |
| **Insurance: 0.45%** |  |  |  |  |
| Allianz SE (5 Year Treasury Constant Maturity+3.23%)144A± | 6.35 | &nbsp;&nbsp; 9-6-2053 | 645000 | &nbsp;&nbsp; 692135 |
| Aspen Insurance Holdings Ltd. | 5.75 | &nbsp;&nbsp; 7-1-2030 | 360000 | &nbsp;&nbsp; 377572 |
| RenaissanceRe Holdings Ltd. | 5.75 | &nbsp;&nbsp; 6-5-2033 | 240000 | &nbsp;&nbsp; 252976 |
| RenaissanceRe Holdings Ltd. | 5.80 | &nbsp;&nbsp; 4-1-2035 | 220000 | &nbsp;&nbsp; 230528 |
|  |  |  |  | &nbsp;&nbsp; **1553211** |
| **Private equity: 0.14%** |  |  |  |  |
| Brookfield Finance, Inc. | 5.33 | &nbsp;&nbsp; 1-15-2036 | 470000 | &nbsp;&nbsp; **469055** |
| **REITs: 0.15%** |  |  |  |  |
| Equinix Asia Financing Corp. Pte. Ltd.%% | 4.40 | &nbsp;&nbsp; 3-15-2031 | 535000 | &nbsp;&nbsp; **534599** |
| **Government securities: 0.32%** |  |  |  |  |
| **Multi-national: 0.32%** |  |  |  |  |
| African Export-Import Bank144A | 3.80 | &nbsp;&nbsp; 5-17-2031 | 590000 | &nbsp;&nbsp; 534169 |
| Banque Ouest Africaine de Developpement144A | 4.70 | &nbsp;&nbsp; 10-22-2031 | 255000 | &nbsp;&nbsp; 238635 |
| Banque Ouest Africaine de Developpement144A | 5.00 | &nbsp;&nbsp; 7-27-2027 | 345000 | &nbsp;&nbsp; 344417 |
|  |  |  |  | &nbsp;&nbsp; **1117221** |
| **Industrial: 0.39%** |  |  |  |  |
| **Electronics: 0.15%** |  |  |  |  |
| Flex Ltd. | 5.38 | &nbsp;&nbsp; 11-13-2035 | 510000 | &nbsp;&nbsp; **515590** |
| **Engineering & construction: 0.05%** |  |  |  |  |
| CIMIC Finance USA Pty. Ltd.144A | 7.00 | &nbsp;&nbsp; 3-25-2034 | 170000 | &nbsp;&nbsp; **187163** |
| **Trucking & leasing: 0.19%** |  |  |  |  |
| SMBC Aviation Capital Finance DAC144A | 5.25 | &nbsp;&nbsp; 11-26-2035 | 375000 | &nbsp;&nbsp; 381483 |
| SMBC Aviation Capital Finance DAC144A | 5.45 | &nbsp;&nbsp; 5-3-2028 | 270000 | &nbsp;&nbsp; 277158 |
|  |  |  |  | &nbsp;&nbsp; **658641** |

---

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 19

------

Portfolio of investments—February 28, 2026 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities: 0.28%** |  |  |  |  |
| **Electric: 0.28%** |  |  |  |  |
| Comision Federal de Electricidad144A | 3.35<br> %<br>| &nbsp;&nbsp; 2-9-2031 | $540000 | &nbsp;&nbsp; $496423 |
| Comision Federal de Electricidad144A | 3.88 | &nbsp;&nbsp; 7-26-2033 | 460000 | &nbsp;&nbsp; 410895 |
| Emera, Inc. Series 16-A (U.S. SOFR 3 Month+5.44%)± | 6.75 | &nbsp;&nbsp; 6-15-2076 | 75000 | &nbsp;&nbsp; 75376 |
|  |  |  |  | &nbsp;&nbsp; **982694** |
| **Total yankee corporate bonds and notes (Cost $28,723,023)** |  |  |  | &nbsp;&nbsp; **29356507** |
| **Yankee government bonds: 1.72%** |  |  |  |  |
| **Argentina: 0.33%** |  |  |  |  |
| Argentinaøø | 0.75 | &nbsp;&nbsp; 7-9-2030 | 244800 | &nbsp;&nbsp; 207468 |
| Argentinaøø | 4.13 | &nbsp;&nbsp; 7-9-2035 | 180000 | &nbsp;&nbsp; 135684 |
| Ciudad Autonoma De Buenos Aires144A | 7.80 | &nbsp;&nbsp; 11-26-2033 | 370000 | &nbsp;&nbsp; 378858 |
| Province of Santa Fe144A | 8.10 | &nbsp;&nbsp; 12-11-2034 | 435000 | &nbsp;&nbsp; 425212 |
|  |  |  |  | &nbsp;&nbsp; **1147222** |
| **Bermuda: 0.07%** |  |  |  |  |
| Bermuda144A | 3.38 | &nbsp;&nbsp; 8-20-2050 | 340000 | &nbsp;&nbsp; **239404** |
| **Israel: 0.38%** |  |  |  |  |
| Israel | 4.50 | &nbsp;&nbsp; 1-13-2031 | 550000 | &nbsp;&nbsp; 551013 |
| Israel | 5.75 | &nbsp;&nbsp; 3-12-2054 | 465000 | &nbsp;&nbsp; 454441 |
| Israel | 5.88 | &nbsp;&nbsp; 1-13-2056 | 320000 | &nbsp;&nbsp; 317887 |
|  |  |  |  | &nbsp;&nbsp; **1323341** |
| **Ivory Coast: 0.12%** |  |  |  |  |
| Ivory Coast144A | 8.25 | &nbsp;&nbsp; 1-30-2037 | 400000 | &nbsp;&nbsp; **436811** |
| **Mexico: 0.63%** |  |  |  |  |
| Mexico | 4.75 | &nbsp;&nbsp; 3-8-2044 | 145000 | &nbsp;&nbsp; 120785 |
| Mexico | 5.63 | &nbsp;&nbsp; 9-22-2035 | 375000 | &nbsp;&nbsp; 373875 |
| Mexico | 6.00 | &nbsp;&nbsp; 5-7-2036 | 300000 | &nbsp;&nbsp; 307125 |
| Mexico | 6.13 | &nbsp;&nbsp; 2-9-2038 | 445000 | &nbsp;&nbsp; 450496 |
| Mexico | 6.35 | &nbsp;&nbsp; 2-9-2035 | 550000 | &nbsp;&nbsp; 579452 |
| Mexico | 3.77 | &nbsp;&nbsp; 5-24-2061 | 565000 | &nbsp;&nbsp; 353973 |
|  |  |  |  | &nbsp;&nbsp; **2185706** |
| **Panama: 0.10%** |  |  |  |  |
| Panama | 2.25 | &nbsp;&nbsp; 9-29-2032 | 400000 | &nbsp;&nbsp; **336380** |
| **Trinidad and Tobago: 0.09%** |  |  |  |  |
| Trinidad & Tobago144A | 6.50 | &nbsp;&nbsp; 1-28-2036 | 310000 | &nbsp;&nbsp; **313255** |
| **Total yankee government bonds (Cost $5,789,615)** |  |  |  | &nbsp;&nbsp; **5982119** |

---

The accompanying notes are an integral part of these financial statements.

20 \| Allspring Core Plus ETF

------

Portfolio of investments—February 28, 2026 (unaudited)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares | Value |
| **Short-term investments: 2.93%** |  |  |  |  |
| **Investment companies: 2.93%** |  |  |  |  |
| Allspring Government Money Market Fund Select Class♠∞## |  | 3.62<br> %<br>| 10195546 | &nbsp;&nbsp; **$10195546** |
| **Total short-term investments (Cost $10,195,546)** |  |  |  | &nbsp;&nbsp; **10195546** |
| **Total investments in securities (Cost $347,117,701)** | 101.83<br> %<br>|  |  | &nbsp;&nbsp; 354343145 |
| Other assets and liabilities, net | (1.83)<br>|  |  | &nbsp;&nbsp; (6373853)<br>|
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$347969292** |

---

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

---

| | |
|:---|:---|
| %% | The security is purchased on a when-issued basis. |
| 144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of <br> 1933.<br>|
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| ♦ | The security is fair valued in accordance with procedures approved by Allspring Funds Management, LLC. |
| ±± | The coupon of the security is adjusted based on the principal and/or interest payments received from the underlying pool of mortgages as well as the credit quality <br> and the actual prepayment speed of the underlying mortgages. The rate shown is the rate in effect at period end.<br>|
| ʊ | Security is perpetual in nature and has no stated maturity date. The date shown reflects the next call date. |
| øø | The interest rate is determined and reset by the issuer periodically depending upon the terms of the security. The rate shown is the rate in effect at period end. |
| ♠ | The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. |
| ∞ | The rate represents the 7-day annualized yield at period end. |
| ## | All or a portion of this security is segregated as collateral for when-issued securities. |

---

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

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| AUD | Australian dollar |
| BDC | Business Development Company |
| BRL | Brazilian real |
| CLP | Chile peso |
| COP | Colombian peso |
| CZK | Czech Republic koruna |
| EUR | Euro |
| EURIBOR | Euro Interbank Offered Rate |
| FHLMC | Federal Home Loan Mortgage Corporation |
| FNMA | Federal National Mortgage Association |
| GBP | Great British pound |
| GNMA | Government National Mortgage Association |
| MXN | Mexican peso |
| REIT | Real estate investment trust |
| SEK | Sweden krona |
| SGD | Singapore dollar |
| SOFR | Secured Overnight Financing Rate |
| ZAR | South African rand |

---

**Investments in affiliates**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| Allspring Government Money Market Fund Select <br> Class<br>| $11580005 | $95072593 | $(96457052)<br>| $0 | $0 | $10195546 | 10195546 | $149638 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 21

------

Portfolio of investments—February 28, 2026 (unaudited)

**Forward foreign currency contracts** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency to be <br>received | Currency to be <br>received | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| USD | 934264 | EUR | 800000 | Bank of New York Mellon Corp. | 3-9-2026 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $(11290)<br>|
| USD | 15073942 | EUR | 12890000 | Bank of New York Mellon Corp. | 3-9-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (161302)<br>|
| EUR | 1738000 | USD | 2044903 | Bank of New York Mellon Corp. | 3-9-2026 | &nbsp;&nbsp;&nbsp; 9314 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 937727 | EUR | 782000 | Bank of New York Mellon Corp. | 3-9-2026 | &nbsp;&nbsp;&nbsp; 13448 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 3241807 | BRL | 17875000 | Bank of New York Mellon Corp. | 3-16-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (233344)<br>|
| BRL | 12975000 | USD | 2464481 | State Street Bank & Trust Co. | 3-16-2026 | &nbsp;&nbsp;&nbsp; 58041 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 2287409 | AUD | 3213000 | Bank of New York Mellon Corp. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 988 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 865334 | SEK | 7920000 | Morgan Stanley, Inc. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (12669)<br>|
| USD | 862182 | ZAR | 13820000 | Bank of New York Mellon Corp. | 3-18-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (4779)<br>|
| USD | 456060 | CLP | 390000000 | Morgan Stanley, Inc. | 3-23-2026 | &nbsp;&nbsp;&nbsp; 9211 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 822474 | SGD | 1055000 | Bank of New York Mellon Corp. | 3-23-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (12769)<br>|
| USD | 800173 | CZK | 16670000 | Bank of New York Mellon Corp. | 3-31-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (12901)<br>|
| USD | 873590 | MXN | 15060000 | State Street Bank & Trust Co. | 3-31-2026 | &nbsp;&nbsp;&nbsp; 1247 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 1665408 | COP | 6174000000 | Morgan Stanley, Inc. | 4-13-2026 | &nbsp;&nbsp;&nbsp; 36412 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 3552165 | GBP | 2602000 | Bank of New York Mellon Corp. | 5-18-2026 | &nbsp;&nbsp;&nbsp; 44691 | &nbsp;&nbsp;&nbsp; 0 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; **$173352** | &nbsp;&nbsp;&nbsp; **$(449054)**<br>|

---

**Futures contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | Number of <br>contracts<br>| Expiration <br>date<br>| Notional <br>cost<br>| Notional <br>value<br>| Unrealized <br>gains<br>| Unrealized <br>losses<br>|
| **Long** |  |  |  |  |  |  |
| 10-Year U.S. Treasury Notes | &nbsp;&nbsp; 69 | &nbsp;&nbsp; 6-18-2026 | &nbsp;&nbsp; $7831865 | &nbsp;&nbsp; $7853063 | &nbsp;&nbsp; $21198 | &nbsp;&nbsp; $0 |
| Ultra U.S. Treasury Bond | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 6-18-2026 | &nbsp;&nbsp; 2528942 | &nbsp;&nbsp; 2553469 | &nbsp;&nbsp; 24527 | &nbsp;&nbsp; 0 |
| 2-Year U.S. Treasury Notes | &nbsp;&nbsp; 313 | &nbsp;&nbsp; 6-30-2026 | &nbsp;&nbsp; 65433555 | &nbsp;&nbsp; 65502586 | &nbsp;&nbsp; 69031 | &nbsp;&nbsp; 0 |
| 5-Year U.S. Treasury Notes | &nbsp;&nbsp; 131 | &nbsp;&nbsp; 6-30-2026 | &nbsp;&nbsp; 14388706 | &nbsp;&nbsp; 14428422 | &nbsp;&nbsp; 39716 | &nbsp;&nbsp; 0 |
| **Short** |  |  |  |  |  |  |
| 10-Year Euro BUND Index | &nbsp;&nbsp; (10)<br>| &nbsp;&nbsp; 3-6-2026 | &nbsp;&nbsp; (1517158)<br>| &nbsp;&nbsp; (1538798)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (21640)<br>|
| 2-Year Euro SCHATZ | &nbsp;&nbsp; (4)<br>| &nbsp;&nbsp; 3-6-2026 | &nbsp;&nbsp; (505175)<br>| &nbsp;&nbsp; (505867)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (692)<br>|
| 5-Year Euro-BOBL Futures | &nbsp;&nbsp; (45)<br>| &nbsp;&nbsp; 3-6-2026 | &nbsp;&nbsp; (6195423)<br>| &nbsp;&nbsp; (6245584)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (50161)<br>|
| Ultra 10-Year U.S. Treasury Notes | &nbsp;&nbsp; (34)<br>| &nbsp;&nbsp; 6-18-2026 | &nbsp;&nbsp; (3946065)<br>| &nbsp;&nbsp; (3968969)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (22904)<br>|
|  |  |  |  |  | &nbsp;&nbsp; **$154472** | &nbsp;&nbsp; **$(95397)**<br>|

---

**Centrally cleared credit default swap contracts** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference index | Fixed rate | &nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp; Maturity <br>date<br>| Notional <br>amount | Notional <br>amount | Value | Premiums <br>paid <br>(received)<br>| Unrealized <br>gains<br>| Unrealized <br>losses<br>|
| **Buy Protection** |  |  |  |  |  |  |  |  |  |
| Markit CDX North American High Yield <br> Series 44 <br>| 5.00% | Quarterly | 6-20-2030 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1524600 | &nbsp;&nbsp; $123258 | &nbsp;&nbsp; $97725 | &nbsp;&nbsp; $25533 | &nbsp;&nbsp; $0 |

---

The accompanying notes are an integral part of these financial statements.

22 \| Allspring Core Plus ETF

------

Statement of assets and liabilities—February 28, 2026 (unaudited)

Financial statements

Statement of assets and liabilities

---

| | |
|:---|:---|
| Assets |  |
| Investments in unaffiliated securities, at value (cost $336,922,155) | $344147599 |
| Investments in affiliated securities, at value (cost $10,195,546) | 10195546 |
| Cash | 144 |
| Cash at broker segregated for futures contracts | 1140000 |
| Segregated cash for forward foreign currency contracts | 280000 |
| Segregated cash for swap contracts | 100371 |
| Segregated cash for when-issued securities | 20000 |
| Foreign currency, at value (cost $77,876) | 78038 |
| Receivable for interest | 2972631 |
| Receivable for investments sold | 1397601 |
| Unrealized gains on forward foreign currency contracts | 173352 |
| Receivable for daily variation margin on open futures contracts | 154498 |
| Principal paydown receivable | 3788 |
| **Total assets** | **360663568** |
| Liabilities |  |
| Payable for investments purchased | 11961090 |
| Unrealized losses on forward foreign currency contracts | 449054 |
| Cash collateral due to broker for forward foreign currency contracts | 130000 |
| Management fee payable | 82570 |
| Payable for daily variation margin on open futures contracts | 38717 |
| Payable for daily variation margin on centrally cleared swap contracts | 32725 |
| Accrued expenses and other liabilities | 120 |
| **Total liabilities** | **12694276** |
| **Total net assets**  | **$347969292** |
| Net assets consist of |  |
| Paid-in capital | $341335762 |
| Total distributable earnings | 6633530 |
| **Total net assets** | **$347969292** |
| Net asset value per share |  |
| Based on $347,969,292 divided by 13,800,000 shares issued and outstanding (unlimited number of shares authorized) | $25.22 |

---

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 23

------

Statement of operations—six months ended February 28, 2026 (unaudited)

Statement of operations

---

| | |
|:---|:---|
| Investment income |  |
| Interest (net of foreign withholding taxes of $540) | $8028941 |
| Income from affiliated securities | 149638 |
| Dividends | 32033 |
| **Total investment income** | **8210612** |
| Expenses |  |
| Management fee | 471962 |
| Interest expense | 326 |
| **Total expenses** | **472288** |
| **Net investment income** | **7738324** |
| Realized and unrealized gains (losses) on investments |  |
| Net realized gains (losses) on |  |
| Unaffiliated securities (net of foreign capital gains tax of $1,880) | 991149 |
| Foreign currency and foreign currency translations | (144375)<br>|
| Forward foreign currency contracts | (458368)<br>|
| Futures contracts | 631821 |
| Swap contracts | 20151 |
| **Net realized gains on investments**  | **1040378** |
| Net change in unrealized gains (losses) on |  |
| Unaffiliated securities (net of deferred foreign capital gains tax of $1,264) | 3355131 |
| Foreign currency and foreign currency translations | (929)<br>|
| Forward foreign currency contracts | (57090)<br>|
| Futures contracts | (5438)<br>|
| Swap contracts | 11422 |
| **Net change in unrealized gains (losses) on investments** | **3303096** |
| **Net realized and unrealized gains (losses) on investments** | **4343474** |
| **Net increase in net assets resulting from operations** | **$12081798** |

---

The accompanying notes are an integral part of these financial statements.

24 \| Allspring Core Plus ETF

------

Statement of changes in net assets

Statement of changes in net assets

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Six months ended<br> February 28, 2026<br> (unaudited) | Six months ended<br> February 28, 2026<br> (unaudited) | Year ended<br> August 31, 2025<sup>1</sup> | Year ended<br> August 31, 2025<sup>1</sup> |
| Operations |  |  |  |  |
| Net investment income |  | &nbsp;&nbsp; $7738324 |  | &nbsp;&nbsp; $7201238 |
| Net realized gains on investments |  | &nbsp;&nbsp; 1040378 |  | &nbsp;&nbsp; 786242 |
| Net change in unrealized gains (losses) on investments |  | &nbsp;&nbsp; 3303096 |  | &nbsp;&nbsp; 3736849 |
| **Net increase in net assets resulting from operations** |  | &nbsp;&nbsp; **12081798** |  | &nbsp;&nbsp; **11724329** |
| Distributions to shareholders from |  |  |  |  |
| Net investment income and net realized gains |  | &nbsp;&nbsp; (9736982)<br>|  | &nbsp;&nbsp; (6458212)<br>|
| Capital share transactions | Shares |  | &nbsp;&nbsp; Shares |  |
| Proceeds from shares sold | 3800000 | &nbsp;&nbsp; 96093762 | &nbsp;&nbsp; 12304000 | &nbsp;&nbsp; 301329141 |
| Payment for shares redeemed | 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (2304000)<br>| &nbsp;&nbsp; (57064544)<br>|
| **Net increase in net assets resulting from capital share transactions** |  | &nbsp;&nbsp; **96093762** |  | &nbsp;&nbsp; **244264597** |
| **Total increase in net assets** |  | &nbsp;&nbsp; **98438578** |  | &nbsp;&nbsp; **249530714** |
| Net assets |  |  |  |  |
| **Beginning of period** |  | &nbsp;&nbsp; **249530714** |  | &nbsp;&nbsp; **0** |
| **End of period** |  | &nbsp;&nbsp; **$347969292** |  | &nbsp;&nbsp; **$249530714** |

---

<sup>1</sup> For the period from December 4, 2024 (commencement of operations) to August 31, 2025

The accompanying notes are an integral part of these financial statements.

Allspring Core Plus ETF \| 25

------

Financial highlights

Financial highlights

(For a share outstanding throughout each period)

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

---

| | | |
|:---|:---|:---|
|  | Six months ended <br>February 28, 2026 <br>(unaudited) | Year ended August 31 |
|  | Six months ended <br>February 28, 2026 <br>(unaudited) | 2025<sup>1</sup> <br>|
| **Net asset value, beginning of period** | **$24.95** | &nbsp;&nbsp; **$25.00** |
| Net investment income | 0.61 <br><sup>2</sup><br>| 0.93 <br><sup>2</sup><br>|
| Net realized and unrealized gains (losses) on investments | 0.41 | &nbsp;&nbsp; (0.17)<br>|
| Total from investment operations | 1.02 | 0.76 |
| **Distributions to shareholders from** |  |  |
| Net investment income | (0.60)<br>| &nbsp;&nbsp; (0.81)<br>|
| Net realized gains | (0.15)<br>| 0.00 |
| Total distributions to shareholders | (0.75)<br>| &nbsp;&nbsp; (0.81)<br>|
| **Net asset value, end of period** | **$25.22** | &nbsp;&nbsp; **$24.95** |
| **Total return**<sup>3</sup> <br>| **4.13%**<br>| **3.13%**<br>|
| **Ratios to average net assets (annualized)** |  |  |
| Expenses | 0.30<br> %<br>| 0.30<br> %<br>|
| Net investment income | 4.90<br> %<br>| 5.08<br> %<br>|
| **Supplemental data** |  |  |
| Portfolio turnover rate<sup>4</sup> <br>| 92<br> %<br>| &nbsp;&nbsp; 229<br> %<br>|
| Net assets, end of period (000s omitted) | $347969 | &nbsp;&nbsp; $249531 |

---

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

<sup>1</sup> For the period from December 4, 2024 (commencement of operations) to August 31, 2025

<sup>2</sup> Calculated based upon average shares outstanding

<sup>3</sup> Returns include adjustments required by U.S. GAAP and may differ from net asset values and performance reported elsewhere. Returns for periods of less than one year are not annualized. 

<sup>4</sup> Portfolio turnover rate excludes in-kind transactions, if any.

The accompanying notes are an integral part of these financial statements.

26 \| Allspring Core Plus ETF

------

Notes to financial statements (unaudited)

Notes to financial statements

1. ORGANIZATION

Allspring Exchange-Traded Funds Trust (the "Trust"), a Delaware statutory trust organized on June 19, 2014, is an open-end management investment company registered under the Investment Company Act of 1940, as amended ("1940 Act"). As an investment company, the Trust follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies*. These financial statements report on the Allspring Core Plus ETF (the "Fund") which is a diversified series of the Trust.

2. SIGNIFICANT ACCOUNTING POLICIES

The following significant accounting policies, which are consistently followed in the preparation of the financial statements of the Fund, are in conformity with U.S. generally accepted accounting principles ("GAAP") which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

Securities valuation

All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time), although the Fund may deviate from this calculation time under unusual or unexpected circumstances.

Debt securities are valued at the evaluated bid price provided by an independent pricing service (e.g., taking into account various factors, including yields, maturities, or credit ratings) or, if a reliable price is not available, the quoted bid price from an independent broker-dealer.

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

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

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.

Swap contracts are valued at the evaluated price provided by an independent pricing service or, if a reliable price is not available, the quoted bid price from an independent broker-dealer.

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

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

Foreign currency translation

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

When-issued transactions

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

Allspring Core Plus ETF \| 27

------

Notes to financial statements (unaudited)

Loans

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

Forward foreign currency contracts

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

Futures contracts

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

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

Swap contracts

Swap contracts are agreements between the Fund and a counterparty to exchange a series of cash flows over a specified period. Swap agreements are privately negotiated contracts between the Fund that are entered into as bilateral contracts in the over-the-counter market or centrally cleared ("centrally cleared swaps") with a central clearinghouse.

The Fund entered into centrally cleared swaps. In a centrally cleared swap, immediately following execution of the swap contract, the swap contract is novated to a central counterparty (the "CCP") and the Fund's counterparty on the swap agreement becomes the CCP. Upon entering into a centrally cleared swap, the Fund is required to deposit an initial margin with the broker in the form of cash or securities. Securities deposited as initial margin are designated in the Portfolio of investments and cash deposited is shown as cash segregated for centrally cleared swaps in the Statement of assets and liabilities. Pursuant to the contract, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in market value of the contract ("variation margin"). The variation margin is recorded as an unrealized gain (or loss) and shown as variation margin receivable (or payable) on centrally cleared swaps in the Statement of assets and liabilities. Payments received from (paid to) the counterparty are recorded as realized gains (losses) in the Statement of operations when the contract is closed.

***Credit default swaps***

The Fund may enter into credit default swaps for hedging or speculative purposes to provide or receive a measure of protection against default on a referenced entity, obligation or index or a basket of single-name issuers or traded indexes. An index credit default swap references all the names in the index, and if a credit event is triggered, the credit event is settled based on that name's weight in the index. Credit default swaps are agreements in which the protection buyer pays fixed periodic payments to the protection seller in consideration for a promise from the protection seller to make a specific payment should a negative credit event take place with respect to the referenced entity (e.g., bankruptcy, failure to pay, obligation acceleration, repudiation, moratorium or restructuring).

28 \| Allspring Core Plus ETF

------

Notes to financial statements (unaudited)

The Fund may enter into credit default swaps as either the seller of protection or the buyer of protection. If the Fund is the buyer of protection and a credit event occurs, the Fund will either receive from the seller an amount equal to the notional amount of the swap and deliver the referenced security or underlying securities comprising the index, or receive a net settlement of cash equal to the notional amount of the swap less the recovery value of the security or underlying securities comprising the index. If the Fund is the seller of protection and a credit event occurs, the Fund will either pay the buyer an amount equal to the notional amount of the swap and take delivery of the referenced security or underlying securities comprising the index or pay a net settlement of cash equal to the notional amount of the swap less the recovery value of the security or underlying securities comprising the index.

As the seller of protection, the Fund is subject to investment exposure on the notional amount of the swap and has assumed the risk of default of the underlying security or index. As the buyer of protection, the Fund could be exposed to risks if the seller of the protection defaults on its obligation to perform, or if there are unfavorable changes in the fluctuation of interest rates.

By entering into credit default swap contracts, the Fund is exposed to credit risk. In addition, certain credit default swap contracts entered into by the Fund provide for conditions that result in events of default or termination that enable the counterparty to the agreement to cause an early termination of the transactions under those agreements.

Mortgage dollar roll transactions

The Fund may engage in mortgage dollar roll transactions through To Be Announced (TBA) mortgage-backed securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). In a mortgage dollar roll transaction, the Fund sells a mortgage-backed security to a financial institution, such as a bank or broker-dealer and simultaneously agrees to repurchase a substantially similar security from the institution at a later date at an agreed upon price. The mortgage-backed securities that are repurchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different pre-payment histories. During the roll period, the Fund foregoes principal and interest paid on the securities. The Fund is compensated by the difference between the current sales price and the forward price for the future purchase as well as by the earnings on the cash proceeds of the initial sale. Mortgage dollar rolls may be renewed without physical delivery of the securities subject to the contract. The Fund accounts for TBA dollar roll transactions as purchases and sales which, as a result, may increase its portfolio turnover rate.

Security transactions and income recognition

Securities transactions are recorded on a trade date basis. Realized gains or losses are recorded on the basis of identified cost.

Interest income is accrued daily and bond discounts are accreted and premiums are amortized daily. To the extent debt obligations are placed on non-accrual status, any related interest income may be reduced by writing off interest receivables when the collection of all or a portion of interest has been determined to be doubtful based on consistently applied procedures and the fair value has decreased. If the issuer subsequently resumes interest payments or when the collectability of interest is reasonably assured, the debt obligation is removed from non-accrual status. Paydown gains and losses are included in interest income.

Income is recorded net of foreign taxes withheld where recovery of such taxes is not assured.

Dividend income is recognized on the ex-dividend date.

Interest earned on cash balances held at the custodian is recorded as interest income.

Income dividends and capital gain distributions from investment companies are recorded on the ex-dividend date. Capital gain distributions from investment companies are treated as realized gains.

Distributions to shareholders

Distributions to shareholders are recorded on the ex-dividend date and paid from net investment income monthly and any net realized gains are paid at least annually. Such distributions are determined in accordance with income tax regulations and may differ from U.S. GAAP. Dividend sources are estimated at the time of declaration. The tax character of distributions is determined as of the Fund's fiscal year end. Therefore, a portion of the Fund's distributions made prior to the Fund's fiscal year end may be categorized as a tax return of capital at year end.

Federal and other taxes

The Fund intends to continue to qualify as a regulated investment company by distributing substantially all of its investment company taxable and tax-exempt income and any net realized capital gains (after reduction for capital loss carryforwards) sufficient to relieve it from all, or substantially all, federal income taxes. Accordingly, no provision for federal income taxes was required.

The Fund's income and federal excise tax returns and all financial records supporting those returns for the fiscal years since commencement of operations are subject to examination by the federal and Delaware revenue authorities. Management has analyzed the Fund's tax positions taken on federal, state, and foreign tax returns for all open tax years and does not believe that there are any uncertain tax positions that require recognition of a tax liability.

Allspring Core Plus ETF \| 29

------

Notes to financial statements (unaudited)

For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Fund. Because such gains or losses are not taxable to the Fund and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Fund's tax year. These reclassifications have no effect on net assets or NAV per share.

As of February 28, 2026, the aggregate cost of all investments for federal income tax purposes was $348,217,853 and the unrealized gains (losses) consisted of:

---

| | |
|:---|:---|
| Gross unrealized gains | &nbsp;&nbsp; $7846353 |
| Gross unrealized losses | &nbsp;&nbsp; (1912155)<br>|
| **Net unrealized gains** | &nbsp;&nbsp; **$5934198** |

---

Capital share transactions

The Fund issues and redeems its shares, at NAV, only in aggregations of a specified number of shares or multiples thereof ("Creation Units"). Except when aggregated in Creation Units, shares of the Fund are not redeemable. Transactions in capital shares for the Fund are disclosed in detail in the Statement of changes in net assets. The consideration for the purchase of Creation Units of a Fund may be for cash or consist of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Authorized participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to the Trust and/or custodian, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. An additional variable fee may be charged for certain transactions. Such variable charges, if any, are included in "Proceeds from shares sold" and "Payments for shares redeemed" in the Statement of changes in net assets.

When an authorized participant fails to deliver one or more of the securities within a designated basket (in the case of a subscription), fails to deliver the Fund shares (in the case of a redemption), or is required by the Fund, prior to settlement, to accommodate the trading of foreign securities in local markets, the Fund may require the authorized participant to deliver and maintain cash collateral in accordance with the authorized participant agreement. In the event that the authorized participant fails to deliver all or a portion of the applicable deposit securities or Fund securities, the Fund may exercise control over such collateral pursuant to the agreement with the authorized participant in order to purchase the applicable securities.

3. FAIR VALUATION MEASUREMENTS

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

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

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

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

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

30 \| Allspring Core Plus ETF

------

Notes to financial statements (unaudited)

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 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:** |  |  |  |  |
| **Agency securities** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $99234157 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $99234157 |
| **Asset-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 33357822 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 33357822 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 78002634 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 78002634 |
| **Foreign corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 11257044 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 11257044 |
| **Foreign government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 16538683 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 16538683 |
| **Investment companies** | &nbsp;&nbsp; 2044328 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 2044328 |
| **Loans** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 14859 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 14859 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 20427170 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 20427170 |
| **U.S. Treasury securities** | &nbsp;&nbsp; 47932276 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 47932276 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 29356507 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 29356507 |
| **Yankee government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 5982119 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 5982119 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 10195546 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 10195546 |
|  | &nbsp;&nbsp; 60172150 | &nbsp;&nbsp;&nbsp; 294170995 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 354343145 |
| **Forward foreign currency contracts** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 173352 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 173352 |
| **Futures contracts** | &nbsp;&nbsp; 154472 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 154472 |
| **Swap contracts** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 25533 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 25533 |
| **Total assets** | &nbsp;&nbsp; **$60326622** | &nbsp;&nbsp;&nbsp; **$294369880** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$354696502** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Forward foreign currency contracts** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $449054 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $449054 |
| **Futures contracts** | &nbsp;&nbsp; 95397 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 95397 |
| **Total liabilities** | &nbsp;&nbsp; **$95397** | &nbsp;&nbsp;&nbsp; **$449054** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$544451** |

---

Futures contracts, forward foreign currency contracts and swap contracts are reported at their cumulative unrealized gains (losses) at measurement date as reported in the table following the Portfolio of investments. For futures contracts and centrally cleared swap contracts, the current day's variation margin is reported on the Statement of assets and liabilities. All other assets and liabilities are reported at their market value at measurement date.

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

At February 28, 2026, the Fund did not have any transfers into/out of Level 3.

4. TRANSACTIONS WITH AFFILIATES

Management fee

Allspring Funds Management, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P., is the manager of the Fund and provides advisory and fund-level administrative services under an investment management agreement. Allspring Funds Management is entitled to receive an annual unitary management fee, generally payable monthly, in an amount equal to 0.30% of the average daily net assets of the Fund. Pursuant to the unitary management fee arrangement, Allspring Funds Management has agreed to pay all expenses incurred by, and appropriately allocated to, the Fund, excluding only: the management fee payable to Allspring Funds Management, brokerage expenses and other expenses incurred in connection with the execution of portfolio transactions; interest charges on any borrowings, dividends and other expenses on securities sold short; taxes; payments under the Fund's Rule 12b-1 plan; proxy and shareholder meeting expenses; litigation expenses; extraordinary expenses; and acquired fund fees and expenses.

Allspring Funds Management has retained the services of a subadviser to provide daily portfolio management to the Fund. The fee for subadvisory services is borne by Allspring Funds Management. Allspring Global Investments, LLC and Allspring Global Investments (UK) Limited, each an affiliate of Allspring Funds Management and a wholly owned subsidiary of Allspring Global Investments Holdings, LLC, is the subadviser to the Fund.

For the six months ended February 28, 2026, the management fee was equivalent to an annual rate of 0.30% of the Fund's average daily net assets.

Distribution fee

Allspring Funds Distributor, LLC (the "Distributor"), the principal underwriter, an affiliate of Allspring Funds Management, serves as the exclusive distributor of the Fund's shares. The Distributor does not maintain a secondary market in the Fund's shares. The Fund has adopted a distribution plan pursuant to Rule 12b-1 under the 1940 Act pursuant to which the Fund is authorized to pay fees at an annual rate of up to 0.25% of the Fund's average daily

Allspring Core Plus ETF \| 31

------

Notes to financial statements (unaudited)

net assets for the sale and distribution of the Fund's shares. The Fund's Board of Trustees has determined not to implement a distribution fee pursuant to the distribution plan at this time. The distribution fee may only be imposed after approval by the Fund's Board of Trustees.

Interfund transactions

The Fund may purchase or sell portfolio investment securities to certain affiliates pursuant to Rule 17a-7 under the 1940 Act and under procedures adopted by the Board of Trustees. The procedures have been designed to ensure that these interfund transactions, which do not incur broker commissions, are effected at current market prices. Pursuant to these procedures, the Fund did not have any interfund transactions during the six months ended February 28, 2026.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments, excluding short-term securities, for the six months ended February 28, 2026 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Purchases at cost | Purchases at cost | Purchases at cost | Sales Proceeds | Sales Proceeds |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. <br>government<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-U.S. <br>government<br>| IN-KIND | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. <br>government<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-U.S. <br>government<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $234034717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $109001859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $36551827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $220983710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $63783653 |

---

6. DERIVATIVE TRANSACTIONS

During the six months ended February 28, 2026, the Fund entered into futures contracts to speculate on interest rates and to help manage the duration of the portfolio and forward foreign currency contracts for economic hedging purposes and entered into swap contracts as a substitute for taking a position in the underlying security or basket of securities or to potentially enhance the Fund's total return.

The volume of the Fund's derivative activity during the six months ended February 28, 2026 was as follows:

---

| | |
|:---|:---|
| **Forward foreign currency contracts** |  |
| Average contract amounts to buy | &nbsp;&nbsp; $2215381 |
| Average contract amounts to sell | &nbsp;&nbsp; 27021360 |
| **Futures contracts** |  |
| Average notional balance on long futures | &nbsp;&nbsp; $65030631 |
| Average notional balance on short futures | &nbsp;&nbsp; 10161533 |
| **Swap contracts** |  |
| Average notional balance | &nbsp;&nbsp; $1364171 |

---

The credit default swap transactions may contain provisions for early termination in the event the net assets of the Fund declines below specific levels identified by the counterparty. If these levels are triggered, the counterparty may terminate the transaction and seek payment or request full collateralization of the derivative transactions in net liability positions.

A summary of the location of derivative instruments on the financial statements by primary risk exposure is outlined in the following tables.

The fair value of derivative instruments as of February 28, 2026 by primary risk type on the Statement of assets and liabilities was as follows for the Fund:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest rate <br>risk<br>| Credit <br>risk<br>| Foreign Currency <br>risk<br>| Total |
| **Asset derivatives** | **Asset derivatives** | **Asset derivatives** | **Asset derivatives** | **Asset derivatives** |
| Forward foreign currency contracts | &nbsp;&nbsp; $0 | $0 | $173352 | $173352 |
| Futures contracts | &nbsp;&nbsp; 154,472 <br>\*<br>| 0 | 0 | 154472 |
| Swap contracts | &nbsp;&nbsp; 0 | 25,533 <br>\*<br>| 0 | 25533 |
|  | &nbsp;&nbsp; $154472 | $25533 | $173352 | $353357 |
| **Liability derivatives** | **Liability derivatives** | **Liability derivatives** | **Liability derivatives** | **Liability derivatives** |
| Forward foreign currency contracts | &nbsp;&nbsp; $0 | $0 | $449054 | $449054 |
| Futures contracts | &nbsp;&nbsp; 95,397 <br>\*<br>| 0 | 0 | 95397 |
|  | &nbsp;&nbsp; $95397 | $0 | $449054 | $544451 |

---

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

\* Amount represents the cumulative unrealized gains (losses) as reported in the table following the Portfolio of investments. For futures contracts and centrally cleared swap contracts, only the current day's variation margin as of February 28, 2026 is reported separately on the Statement of assets and liabilities. 

The effect of derivative instruments on the Statement of operations for the six months ended February 28, 2026 was as follows:

32 \| Allspring Core Plus ETF

------

Notes to financial statements (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest rate <br>risk<br>| Credit <br>risk<br>| Foreign currency <br>risk<br>| TOTAL |
| **Net realized gains (losses) on derivatives** | **Net realized gains (losses) on derivatives** | **Net realized gains (losses) on derivatives** | **Net realized gains (losses) on derivatives** | **Net realized gains (losses) on derivatives** |
| Forward foreign currency contracts | &nbsp;&nbsp; $0 | $0 | $(458368)<br>| $(458368)<br>|
| Futures contracts | &nbsp;&nbsp; 631821 | 0 | 0 | 631821 |
| Swap contracts | &nbsp;&nbsp; 0 | 20151 | 0 | 20151 |
|  | &nbsp;&nbsp; $631821 | $20151 | $(458368)<br>| $193604 |
| **Net change in unrealized gains (losses) on derivatives** | **Net change in unrealized gains (losses) on derivatives** | **Net change in unrealized gains (losses) on derivatives** | **Net change in unrealized gains (losses) on derivatives** | **Net change in unrealized gains (losses) on derivatives** |
| Forward foreign currency contracts | &nbsp;&nbsp; $0 | $0 | $(57090)<br>| $(57090)<br>|
| Futures contracts | &nbsp;&nbsp; (5438)<br>| 0 | 0 | (5438)<br>|
| Swap contracts | &nbsp;&nbsp; 0 | 11422 | 0 | 11422 |
|  | &nbsp;&nbsp; $(5438)<br>| $11422 | $(57090)<br>| $(51106)<br>|

---

For certain types of derivative transactions, the Fund has entered into International Swaps and Derivatives Association, Inc. master agreements ("ISDA Master Agreements") or similar agreements with approved counterparties. The ISDA Master Agreements or similar agreements may have requirements to deliver/deposit securities or cash to/with an exchange or broker-dealer as collateral and allows the Fund to offset, with each counterparty, certain derivative financial instrument's assets and/or liabilities with collateral held or pledged. Collateral requirements differ by type of derivative. Collateral or margin requirements are set by the broker or exchange clearinghouse for exchange traded derivatives while collateral terms are contract specific for over-the-counter traded derivatives. Cash collateral that has been pledged to cover obligations of the Fund under ISDA Master Agreements or similar agreements, if any, are reported separately in the Statement of assets and liabilities. Securities pledged as collateral, if any, are noted in the Portfolio of investments. With respect to balance sheet offsetting, absent an event of default by the counterparty or a termination of the agreement, the reported amounts of financial assets and financial liabilities in the Statement of assets and liabilities are not offset across transactions between the Fund and the applicable counterparty. A reconciliation of the gross amounts on the Statement of assets and liabilities to the net amounts by counterparty, including any collateral exposure, for OTC derivatives is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Counterparty | Gross amounts <br>of assets in the <br>Statement of <br>Assets and <br>Liabilities<br>| Amounts <br>subject to <br>netting <br>agreements<br>| Collateral <br>received<br>| Net amount <br>of assets<br>|
| Bank of New York Mellon Corp. | &nbsp;&nbsp; $68441 | $(68441)<br>| $0 | $0 |
| Morgan Stanley, Inc. | &nbsp;&nbsp; 45623 | (12669)<br>| (32954)<br>| 0 |
| State Street Bank & Trust Co. | &nbsp;&nbsp; 59288 | 0 | 0 | 59288 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| Counterparty | Gross amounts <br>of liabilities in the <br>Statement of <br>Assets and <br>Liabilities<br>| Amounts <br>subject to <br>netting <br>agreements<br>| Collateral <br>pledged<sup>1</sup> <br>| Net amount <br>of liabilities<br>|
| Bank of New York Mellon Corp. | &nbsp;&nbsp; $436385 | $(68441)<br>| $(280000)<br>| $87944 |
| Morgan Stanley, Inc. | &nbsp;&nbsp; 12669 | (12669)<br>| 0 | 0 |

---

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

<sup>1</sup> Collateral pledged within this table is limited to the collateral for the net transaction with the counterparty.

7. BANK BORROWINGS

The Fund, together with certain other registered Allspring Funds is party to a $275,000,000 revolving credit agreement whereby the Fund is permitted to use bank borrowings for temporary or emergency purposes, such as to fund shareholder redemption requests. Interest under the credit agreement is charged to the Fund based on a borrowing rate equal to the higher of the Federal Funds rate or the overnight bank funding rate in effect on that day plus a spread. In addition, an annual commitment fee based on the unused balance is allocated to each participating fund.

For the six months ended February 28, 2026, there were no borrowings by the Fund under the agreement.

8. INDEMNIFICATION

Under the Fund's organizational documents, the officers and Trustees have been granted certain indemnification rights against certain liabilities that may arise out of performance of their duties to the Fund. The Fund has entered into a separate agreement with each Trustee that converts indemnification rights currently existing under the Fund's organizational documents into contractual rights that cannot be changed in the future without the consent of the Trustee. Additionally, in the normal course of business, the Fund may enter into contracts with service providers that contain a variety of indemnification clauses. The Fund's maximum exposure under these arrangements is dependent on future claims that may be made against the Fund and, therefore, cannot be estimated.

Allspring Core Plus ETF \| 33

------

Notes to financial statements (unaudited)

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

9. OPERATING SEGMENTS

The Fund operates as a single operating segment. An operating segment is defined as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The President of the Fund acts as the Fund's CODM. The CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation from which it derives its revenues is determined as outlined in the Fund's prospectus which is executed by the Fund's portfolio management team. The portfolio composition, total return and expense ratios, and the components of total increase/decrease in net assets are used by the CODM to assess the segment's performance and to make resource allocation decisions for the Fund's single segment. This information is consistent with that presented within the Fund's financial statements. Segment assets are reflected on the accompanying Statement of assets and liabilities as "total assets" and significant segment revenue and expenses are listed on the accompanying Statement of operations.

10. NEW ACCOUNTING PRONOUNCEMENT

In December 2023, the FASB issued Accounting Standards Update ("ASU") 2023-09, *Income Taxes (Topic 740): Improvements to Income Tax Disclosures.* The ASU includes amendments to enhance annual income tax disclosures required for public entities, including the requirement to disclose income taxes paid disaggregated by jurisdiction. The ASU is effective for annual periods beginning after December 15, 2024. Management has determined that there is no material impact of the ASU on the Fund's financial statements.

34 \| Allspring Core Plus ETF

------

Other information (unaudited)

Other information

Proxy voting information

A description of the policies and procedures used to determine how to vote proxies relating to portfolio securities is available, upon request, by calling **1-866-259-3305**, visiting our website at **allspringglobal.com**, or visiting the SEC website at sec.gov. Information regarding how the proxies related to portfolio securities were voted during the most recent 12-month period ended June 30 is available on the website at **allspringglobal.com** or by visiting the SEC website at sec.gov.

Quarterly portfolio holdings information

The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Shareholders may view the filed Form N-PORT by visiting the SEC website at sec.gov. The Fund's portfolio holdings information is also available on our website at allspringglobal.com.

Allspring Core Plus ETF \| 35

------

Other information (unaudited)

Item 8. Changes in and disagreements with accountants

Not applicable

Item 9. Matters submitted to fund shareholders for a vote

Not applicable

Item 10. Remuneration paid to directors, officers and others

Refer to information in the Statement of operations.

Item 11. Statement regarding basis for the board's approval of investment advisory contract

Not applicable

36 \| Allspring Core Plus ETF

------

![](g46786imgf2a0d26e1.jpg)

For more information

More information about Allspring Funds is available free upon request. To obtain literature, please write, visit the Fund's website, or call:

Allspring Funds Distributor, LLC

1415 Vantage Park Drive, 3rd Floor

Charlotte, NC 28203

Website: **allspringglobal.com**

Telephone:1-866-701-2575

![](g46786imga4d359432.gif)

*This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. If this report is used for promotional purposes, distribution of the report must be accompanied or preceded by a current prospectus. Before investing, please consider the investment objectives, risks, charges, and expenses of the investment. For a current prospectus and, if available, a summary prospectus, containing this information, call* ***1-866-701-2575*** *or visit the Fund's website at* ***allspringglobal.com****. Read the prospectus carefully before you invest or send money.*

Allspring Global Investments<sup>TM</sup> is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include but are not limited to Allspring Global Investments, LLC, and Allspring Funds Management, LLC. Certain products managed by Allspring entities are distributed by Allspring Funds Distributor, LLC (a broker-dealer and Member FINRA/SIPC).

This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind - including a recommendation for any specific investment, strategy, or plan.

**© 2026 Allspring Global Investments Holdings, LLC. All rights reserved.**

**NCSRSAPLU 02-26**

------

<u>ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES</u>

Changes in and Disagreements with Accountants for Open-End Management Investment Companies are included as part of the Financial Statements filed under Item 7(a) of this Form.

<u>ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES</u> 

Proxy Disclosures for Open-End Management Investment Companies are included as part of the Financial Statements filed under Item 7(a) of this Form.

<u>ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES</u> 

Renumeration Paid to Directors, Officers, and Others of Open-End Investment Companies is included as part of the Financial Statements filed under Item 7(a) of this Form.

------

<u>ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT</u>

The registrant's Statement Regarding Basis for Approval of Investment Advisory Contract is included as part of the Financial Statements filed under Item 7(a) of this Form.

<u>ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR</u> <u>CLOSED-END</u> <u>MANAGEMENT INVESTMENT COMPANIES</u>

Not applicable.

<u>ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES</u>

Not applicable.

<u>ITEM 14. PURCHASES OF EQUITY SECURITIES BY</u> <u>CLOSED-END</u> <u>MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS</u>

Not applicable.

<u>ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS</u> 

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's Board of Trustees that have been implemented since the registrant's last provided disclosure in response to the requirements of this Item.

<u>ITEM 16. CONTROLS AND PROCEDURES</u> 

(a) The President and Treasurer have concluded that the Allspring Exchange-Traded Funds Trust disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) provide reasonable assurances that material information relating to the registrant is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing of this report.

(b) There were no significant changes in the registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

<u>ITEM 17. DISCLOSURES OF SECURITIES LENDING ACTIVITES FOR</u> <u>CLOSED-END</u> <u>MANAGEMENT INVESTMENT COMPANIES</u>

Not applicable.

<u>ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION</u> 

Not applicable.

------

<u>ITEM 19. EXHIBITS</u> 

(a)(1) Not applicable.

(a)(2) Not applicable.

(a)(3) [Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2022.](d46786dex99cert.htm)

(a)(4) Not applicable.

(a)(5) Not applicable.

(b) [Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2022.](d46786dex99906cert.htm)

(101) Inline Interactive Data File - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the inline XBRL document.

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| Allspring Exchange-Traded Funds Trust | Allspring Exchange-Traded Funds Trust |
| By: | /s/ John Kenney |
|  | John Kenney |
|  | President (Principal Executive Officer) |
| Date: April 23, 2026 | Date: April 23, 2026 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.

---

| | |
|:---|:---|
| Allspring Exchange-Traded Funds Trust | Allspring Exchange-Traded Funds Trust |
| By: | /s/ John Kenney |
|  | John Kenney |
|  | President (Principal Executive Officer) |
| Date: April 23, 2026 | Date: April 23, 2026 |
| By: | /s/ Jeremy DePalma |
|  | Jeremy DePalma |
|  | Treasurer (Principal Financial Officer) |
| Date: April 23, 2026 | Date: April 23, 2026 |

---

## Ex-99.Cert

**Exhibit 19(a)(3)**![LOGO](g46786g0425123213293.jpg)

**<u>CERTIFICATION</u>**

I, John Kenney, certify that:

1. I have reviewed this report on Form N-CSRS of Allspring Broad Market Core Bond ETF and Allspring Core Plus ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officers and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| |
|:---|
| Date: April 23, 2026 |
| /s/ John Kenney |
| John Kenney |
| President (Principal Executive Officer) |
| Allspring Exchange-Traded Funds Trust |

---

------

![LOGO](g46786g0425123213293.jpg)

**<u>CERTIFICATION</u>**

I, Jeremy DePalma, certify that:

1. I have reviewed this report on Form N-CSRS of Allspring Broad Market Core Bond ETF and Allspring Core Plus ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officers and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| |
|:---|
| Date: April 23, 2026 |
| /s/ Jeremy DePalma |
| Jeremy DePalma |
| Treasurer (Principal Financial Officer) |
| Allspring Exchange-Traded Funds Trust |

---

## Exhibit 99.906

**Exhibit 19(b)**![LOGO](g46786g0425123213293.jpg)

**<u>SECTION 906 CERTIFICATION</u>**

Pursuant to 18 U.S.C. § 1350, the undersigned officer of Allspring Exchange-Traded Funds Trust, hereby certifies, to the best of his knowledge, that the registrant's report on Form N-CSRS for the six months ended February 28, 2026 (the "Report") fully complies with the requirements of Section 13(a) or Section 15(d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

Date: April 23, 2026

---

| | |
|:---|:---|
| By: | /s/ John Kenney |
|  | John Kenney |
|  | President (Principal Executive Officer) |
|  | Allspring Exchange-Traded Funds Trust |

---

This certification is being furnished to the Securities and Exchange Commission pursuant to Rule 30a-2(b) under the Investment Company Act of 1940, as amended, and 18 U.S.C. Section 1350 and is not being filed as part of the Form N-CSRS with the Securities and Exchange Commission.

------

![LOGO](g46786g0425123213293.jpg)

**<u>SECTION 906 CERTIFICATION</u>**

Pursuant to 18 U.S.C. § 1350, the undersigned officer of Allspring Exchange-Traded Funds Trust, hereby certifies, to the best of his knowledge, that the registrant's report on Form N-CSRS for the six months ended February 28, 2026 (the "Report") fully complies with the requirements of Section 13(a) or Section 15(d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

Date: April 23, 2026

---

| | |
|:---|:---|
| By: | /s/ Jeremy DePalma |
|  | Jeremy DePalma |
|  | Treasurer (Principal Financial Officer) |
|  | Allspring Exchange-Traded Funds Trust |

---

This certification is being furnished to the Securities and Exchange Commission pursuant to Rule 30a-2(b) under the Investment Company Act of 1940, as amended, and 18 U.S.C. Section 1350 and is not being filed as part of the Form N-CSRS with the Securities and Exchange Commission.