# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001410368-26-006677
**Filing Date:** 2026-1
**Character Count:** 256068
**Document Hash:** e421d55de5e943e51394049b88552826
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-006677.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001410368-26-006677

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001081400

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09253
- **FILM NUMBER:** 26556118

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

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

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

## Series and Classes Contracts Data

### Allspring Short-Term Bond Plus Fund (Series ID: S000007427)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020381 | Class A             | SSTVX           |
| C000020382 | Institutional Class | SSHIX           |
| C000064987 | Class C             | WFSHX           |
| C000205248 | Class R6            | SSTYX           |

## Nport-Ex

Portfolio of investments—November 30, 2025 (unaudited)

Portfolio of investments

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Agency securities: 12.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.50<br> %<br>| &nbsp;&nbsp; 7-1-2055 | $5202069 | &nbsp;&nbsp; $5388224 |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.50 | &nbsp;&nbsp; 9-1-2055 | 1748896 | &nbsp;&nbsp; 1812547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Multifamily Structured Pass-Through Certificates <br> Series Q004 Class AFL (12 Month Treasury <br> Average+0.74%)±<br>| 4.77 | &nbsp;&nbsp; 5-25-2044 | 152435 | &nbsp;&nbsp; 152368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Structured Pass-Through Certificates Series T-42 <br> Class A6<br>| 9.50 | &nbsp;&nbsp; 2-25-2042 | 159828 | &nbsp;&nbsp; 190710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Structured Pass-Through Certificates Series T-57 <br> Class 2A1±±<br>| 4.86 | &nbsp;&nbsp; 7-25-2043 | 37870 | &nbsp;&nbsp; 37078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Structured Pass-Through Certificates Series T-59 <br> Class 2A1±±<br>| 4.23 | &nbsp;&nbsp; 10-25-2043 | 373944 | &nbsp;&nbsp; 316435 |
| &nbsp;&nbsp;&nbsp; FHLMC (1 Year Treasury Constant Maturity+2.25%)± | 6.41 | &nbsp;&nbsp; 4-1-2038 | 47935 | &nbsp;&nbsp; 49320 |
| &nbsp;&nbsp;&nbsp; FHLMC (1 Year Treasury Constant Maturity+2.25%)± | 6.50 | &nbsp;&nbsp; 4-1-2032 | 8441 | &nbsp;&nbsp; 8612 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 2597 Class AE | 5.50 | &nbsp;&nbsp; 4-15-2033 | 2125 | &nbsp;&nbsp; 2140 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.00 | &nbsp;&nbsp; 10-1-2039 | 4550289 | &nbsp;&nbsp; 4602859 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.00 | &nbsp;&nbsp; 6-1-2055 | 1548401 | &nbsp;&nbsp; 1545624 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 3-1-2033 | 18943 | &nbsp;&nbsp; 19409 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 5-1-2055 | 14043261 | &nbsp;&nbsp; 14379505 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.50 | &nbsp;&nbsp; 8-1-2031 | 61099 | &nbsp;&nbsp; 63198 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.50 | &nbsp;&nbsp; 11-1-2054 | 5875077 | &nbsp;&nbsp; 6087700 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.50 | &nbsp;&nbsp; 9-1-2055 | 1805876 | &nbsp;&nbsp; 1871602 |
| &nbsp;&nbsp;&nbsp; FNMA (1 Year Treasury Constant Maturity+1.27%)± | 5.52 | &nbsp;&nbsp; 8-1-2034 | 16264 | &nbsp;&nbsp; 16225 |
| &nbsp;&nbsp;&nbsp; FNMA (1 Year Treasury Constant Maturity+2.22%)± | 6.09 | &nbsp;&nbsp; 11-1-2031 | 10533 | &nbsp;&nbsp; 10695 |
| &nbsp;&nbsp;&nbsp; FNMA (1 Year Treasury Constant Maturity+2.29%)± | 6.41 | &nbsp;&nbsp; 8-1-2036 | 212299 | &nbsp;&nbsp; 219646 |
| &nbsp;&nbsp;&nbsp; FNMA (RFUCCT1Y+1.78%)± | 6.55 | &nbsp;&nbsp; 7-1-2044 | 149317 | &nbsp;&nbsp; 153808 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2002-T1 Class A4 | 9.50 | &nbsp;&nbsp; 11-25-2031 | 8226 | &nbsp;&nbsp; 9100 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2002-T12 Class A4 | 9.50 | &nbsp;&nbsp; 5-25-2042 | 247074 | &nbsp;&nbsp; 260534 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2003-W11 Class A1±± | 7.33 | &nbsp;&nbsp; 6-25-2033 | 3012 | &nbsp;&nbsp; 3053 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2003-W6 Class 6A±± | 4.85 | &nbsp;&nbsp; 8-25-2042 | 139858 | &nbsp;&nbsp; 140573 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2003-W6 Class PT4±± | 8.19 | &nbsp;&nbsp; 10-25-2042 | 22447 | &nbsp;&nbsp; 24316 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2005-84 Class MB | 5.75 | &nbsp;&nbsp; 10-25-2035 | 34859 | &nbsp;&nbsp; 35930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2006-W1 Class 2AF2 (30 Day Average <br> U.S. SOFR+0.30%)±<br>| 4.38 | &nbsp;&nbsp; 2-25-2046 | 574267 | &nbsp;&nbsp; 568892 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2011-48 Class CN±± | 4.00 | &nbsp;&nbsp; 6-25-2026 | 6297 | &nbsp;&nbsp; 6277 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.00 | &nbsp;&nbsp; 11-20-2054 | 5963780 | &nbsp;&nbsp; 5963159 |
| &nbsp;&nbsp;&nbsp; GNMA%% | 5.00 | &nbsp;&nbsp; 12-18-2055 | 1515000 | &nbsp;&nbsp; 1513178 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.50 | &nbsp;&nbsp; 6-20-2054 | 7940049 | &nbsp;&nbsp; 8032955 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.50 | &nbsp;&nbsp; 8-20-2054 | 5276590 | &nbsp;&nbsp; 5342743 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.50 | &nbsp;&nbsp; 10-20-2055 | 16897594 | &nbsp;&nbsp; 17093798 |
| &nbsp;&nbsp;&nbsp; GNMA | 6.00 | &nbsp;&nbsp; 8-20-2054 | 8965260 | &nbsp;&nbsp; 9156493 |
| &nbsp;&nbsp;&nbsp; GNMA | 6.00 | &nbsp;&nbsp; 9-20-2055 | 9421611 | &nbsp;&nbsp; 9628410 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2005-27 Class PA | 4.50 | &nbsp;&nbsp; 4-20-2035 | 7791 | &nbsp;&nbsp; 7767 |
| **Total agency securities (Cost $94,114,460)** |  |  |  | &nbsp;&nbsp; **94714883** |
| **Asset-backed securities: 12.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ACHM Trust Series 2023-HE2 Class A144A±± | 7.50 | &nbsp;&nbsp; 10-25-2038 | 807516 | &nbsp;&nbsp; 832804 |
| &nbsp;&nbsp;&nbsp; Affirm Asset Securitization Trust Series 2024-B Class A144A | 4.62 | &nbsp;&nbsp; 9-15-2029 | 3500000 | &nbsp;&nbsp; 3508083 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Bond Plus Fund \| 1

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Credit Acceptance Receivables Trust Series 2024-4 <br> Class B144A<br>| 4.80<br> %<br>| &nbsp;&nbsp; 11-13-2028 | $2715000 | &nbsp;&nbsp; $2716237 |
| &nbsp;&nbsp;&nbsp; Aqua Finance Trust Series 2021-A Class A144A | 1.54 | &nbsp;&nbsp; 7-17-2046 | 631071 | &nbsp;&nbsp; 581145 |
| &nbsp;&nbsp;&nbsp; BHG Securitization Trust Series 2021-A Class A144A | 1.42 | &nbsp;&nbsp; 11-17-2033 | 222008 | &nbsp;&nbsp; 220150 |
| &nbsp;&nbsp;&nbsp; BHG Securitization Trust Series 2021-A Class B144A | 2.79 | &nbsp;&nbsp; 11-17-2033 | 1335000 | &nbsp;&nbsp; 1311831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blue Owl Asset Leasing Trust LLC Series 2024-1A <br> Class A2144A<br>| 5.05 | &nbsp;&nbsp; 3-15-2029 | 1970610 | &nbsp;&nbsp; 1977840 |
| &nbsp;&nbsp;&nbsp; Bojangles Issuer LLC Series 2024-1A Class A2144A | 6.58 | &nbsp;&nbsp; 11-20-2054 | 2194500 | &nbsp;&nbsp; 2221522 |
| &nbsp;&nbsp;&nbsp; Cajun Global LLC Series 2025-2A Class A2144A | 5.91 | &nbsp;&nbsp; 11-20-2055 | 965000 | &nbsp;&nbsp; 960159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carvana Auto Receivables Trust Series 2023-P1 <br> Class A3144A<br>| 5.98 | &nbsp;&nbsp; 12-10-2027 | 152183 | &nbsp;&nbsp; 152548 |
| &nbsp;&nbsp;&nbsp; Carvana Auto Receivables Trust Series 2024-P3 Class A2 | 4.61 | &nbsp;&nbsp; 11-10-2027 | 94754 | &nbsp;&nbsp; 94761 |
| &nbsp;&nbsp;&nbsp; CFMT LLC Series 2021-AL1 Class B144A | 1.39 | &nbsp;&nbsp; 9-22-2031 | 115074 | &nbsp;&nbsp; 114717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClickLease Equipment Receivables Trust Series 2024-1 <br> Class C144A<br>| 8.40 | &nbsp;&nbsp; 2-15-2030 | 2461649 | &nbsp;&nbsp; 2490046 |
| &nbsp;&nbsp;&nbsp; Cogent IPv4 LLC Series 2024-1A Class A2144A | 7.92 | &nbsp;&nbsp; 5-25-2054 | 915000 | &nbsp;&nbsp; 954016 |
| &nbsp;&nbsp;&nbsp; Cogent IPv4 LLC Series 2025-1A Class A2144A | 6.65 | &nbsp;&nbsp; 4-25-2055 | 1535000 | &nbsp;&nbsp; 1579572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commonbond Student Loan Trust Series 2018-BGS <br> Class A1144A<br>| 3.56 | &nbsp;&nbsp; 9-25-2045 | 448026 | &nbsp;&nbsp; 432258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contimortgage Home Equity Loan Trust Series 1996-2 <br> Class IOƒ±±<br>| 0.00 | &nbsp;&nbsp; 7-15-2027 | 327817 | &nbsp;&nbsp; 3532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Acceptance Auto Loan Trust Series 2023-2A <br> Class A144A<br>| 5.92 | &nbsp;&nbsp; 5-16-2033 | 120868 | &nbsp;&nbsp; 121119 |
| &nbsp;&nbsp;&nbsp; DataBank Issuer LLC Series 2024-1A Class A2144A | 5.30 | &nbsp;&nbsp; 1-26-2054 | 2760000 | &nbsp;&nbsp; 2752526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EquiFirst Mortgage Loan Trust Series 2003-2 Class 3A3 <br> (U.S. SOFR 1 Month+1.24%)±<br>| 5.20 | &nbsp;&nbsp; 9-25-2033 | 60255 | &nbsp;&nbsp; 60580 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust Series 2023-HE2 Class A144A±± | 6.51 | &nbsp;&nbsp; 5-25-2053 | 934727 | &nbsp;&nbsp; 956340 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust Series 2025-HE1 Class C144A±± | 6.03 | &nbsp;&nbsp; 1-25-2055 | 1580717 | &nbsp;&nbsp; 1600453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance of America HECM Buyout Series 2024-HB1 <br> Class A1A144A±±<br>| 4.00 | &nbsp;&nbsp; 10-1-2034 | 183927 | &nbsp;&nbsp; 183827 |
| &nbsp;&nbsp;&nbsp; FirstKey Homes Trust Series 2021-SFR1 Class C144A | 1.89 | &nbsp;&nbsp; 8-17-2038 | 1835000 | &nbsp;&nbsp; 1796872 |
| &nbsp;&nbsp;&nbsp; FirstKey Homes Trust Series 2021-SFR2 Class B144A | 1.61 | &nbsp;&nbsp; 9-17-2038 | 2235000 | &nbsp;&nbsp; 2181336 |
| &nbsp;&nbsp;&nbsp; Five Guys Holdings, Inc. Series 2023-1A Class A2144A | 7.55 | &nbsp;&nbsp; 1-26-2054 | 608850 | &nbsp;&nbsp; 628203 |
| &nbsp;&nbsp;&nbsp; FREED Mortgage Trust Series 2022-HE1 Class A144A±± | 7.00 | &nbsp;&nbsp; 10-25-2037 | 963718 | &nbsp;&nbsp; 983457 |
| &nbsp;&nbsp;&nbsp; Frontier Issuer LLC Series 2023-1 Class A2144A | 6.60 | &nbsp;&nbsp; 8-20-2053 | 455000 | &nbsp;&nbsp; 460284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FS Rialto Issuer LLC Series 2021-FL3 Class B (U.S. SOFR 1 <br> Month+1.91%)144A±<br>| 5.87 | &nbsp;&nbsp; 11-16-2036 | 2000000 | &nbsp;&nbsp; 1987432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FS Rialto Issuer LLC Series 2025-FL10 Class AS (U.S. SOFR 1 <br> Month+1.59%)144A±<br>| 5.55 | &nbsp;&nbsp; 8-19-2042 | 3000000 | &nbsp;&nbsp; 2986445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gracie Point International Funding LLC Series 2023-2A <br> Class A (90 Day Average U.S. SOFR+2.25%)144A±<br>| 6.61 | &nbsp;&nbsp; 3-1-2027 | 146294 | &nbsp;&nbsp; 146518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gracie Point International Funding LLC Series 2025-1A <br> Class A (30 Day Average U.S. SOFR+1.50%)144A±<br>| 5.71 | &nbsp;&nbsp; 8-15-2028 | 1545000 | &nbsp;&nbsp; 1544952 |
| &nbsp;&nbsp;&nbsp; Harley-Davidson Motorcycle Trust Series 2023-B Class A3 | 5.69 | &nbsp;&nbsp; 8-15-2028 | 755936 | &nbsp;&nbsp; 762394 |
| &nbsp;&nbsp;&nbsp; Hertz Vehicle Financing III LLC Series 2023-4A Class A144A | 6.15 | &nbsp;&nbsp; 3-25-2030 | 2454000 | &nbsp;&nbsp; 2564067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HGI CRE CLO Ltd. Series 2021-FL2 Class C (U.S. SOFR 1 <br> Month+1.91%)144A±<br>| 5.87 | &nbsp;&nbsp; 9-17-2036 | 795297 | &nbsp;&nbsp; 793128 |
| &nbsp;&nbsp;&nbsp; Hyundai Auto Receivables Trust Series 2024-A Class B | 5.14 | &nbsp;&nbsp; 1-15-2031 | 2500000 | &nbsp;&nbsp; 2552721 |

---

See accompanying notes to portfolio of investments

2 \| Allspring Short-Term Bond Plus Fund

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Imprint Payments Credit Card Master Trust Series 2025-A <br> Class A144A<br>| 4.84<br> %<br>| &nbsp;&nbsp; 9-15-2029 | $2900000 | &nbsp;&nbsp; $2906163 |
| &nbsp;&nbsp;&nbsp; Jonah Energy ABS I LLC Series 2022-1 Class A1144A | 7.20 | &nbsp;&nbsp; 12-10-2037 | 1408752 | &nbsp;&nbsp; 1436382 |
| &nbsp;&nbsp;&nbsp; Lendbuzz Securitization Trust Series 2024-3A Class A2144A | 4.97 | &nbsp;&nbsp; 10-15-2029 | 2362716 | &nbsp;&nbsp; 2361566 |
| &nbsp;&nbsp;&nbsp; Lendmark Funding Trust Series 2024-2A Class A144A | 4.47 | &nbsp;&nbsp; 2-21-2034 | 3000000 | &nbsp;&nbsp; 3003564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MF1 Ltd. Series 2021-FL7 Class A (U.S. SOFR 1 <br> Month+1.19%)144A±<br>| 5.15 | &nbsp;&nbsp; 10-16-2036 | 65762 | &nbsp;&nbsp; 65722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MF1 Ltd. Series 2022-FL8 Class A (U.S. SOFR 1 <br> Month+1.35%)144A±<br>| 5.31 | &nbsp;&nbsp; 2-19-2037 | 649345 | &nbsp;&nbsp; 649842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mission Lane Credit Card Master Trust Series 2024-B <br> Class A144A<br>| 5.88 | &nbsp;&nbsp; 1-15-2030 | 3720000 | &nbsp;&nbsp; 3746119 |
| &nbsp;&nbsp;&nbsp; MNR ABS Issuer I LLC‡ | 8.12 | &nbsp;&nbsp; 12-15-2038 | 576464 | &nbsp;&nbsp; 586552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust <br> Series 2021-EA Class A144A<br>| 0.97 | &nbsp;&nbsp; 12-16-2069 | 1374787 | &nbsp;&nbsp; 1235908 |
| &nbsp;&nbsp;&nbsp; NBC Funding LLC Series 2024-1A Class A2144A | 6.75 | &nbsp;&nbsp; 7-30-2054 | 2163650 | &nbsp;&nbsp; 2208117 |
| &nbsp;&nbsp;&nbsp; Octane Receivables Trust Series 2023-1A Class A144A | 5.87 | &nbsp;&nbsp; 5-21-2029 | 14601 | &nbsp;&nbsp; 14614 |
| &nbsp;&nbsp;&nbsp; Octane Receivables Trust Series 2023-1A Class B144A | 5.96 | &nbsp;&nbsp; 7-20-2029 | 645000 | &nbsp;&nbsp; 648162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Financial Issuance Trust Series 2023-2A Class A2 <br> (30 Day Average U.S. SOFR+1.50%)144A±<br>| 5.65 | &nbsp;&nbsp; 9-15-2036 | 200000 | &nbsp;&nbsp; 201838 |
| &nbsp;&nbsp;&nbsp; Pagaya AI Debt Grantor Trust Series 2025-6 Class B144A | 4.88 | &nbsp;&nbsp; 4-15-2033 | 980000 | &nbsp;&nbsp; 976231 |
| &nbsp;&nbsp;&nbsp; Pagaya AI Debt Grantor Trust Series 2025-7 Class B144A | 5.06 | &nbsp;&nbsp; 5-15-2033 | 3770000 | &nbsp;&nbsp; 3768571 |
| &nbsp;&nbsp;&nbsp; Pagaya AI Debt Trust Series 2023-8 Class A144A | 7.30 | &nbsp;&nbsp; 6-16-2031 | 876033 | &nbsp;&nbsp; 886743 |
| &nbsp;&nbsp;&nbsp; Prestige Auto Receivables Trust Series 2024-2A Class B144A | 4.56 | &nbsp;&nbsp; 2-15-2029 | 1745000 | &nbsp;&nbsp; 1739128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prodigy Finance DAC Series 2021-1A Class A (U.S. SOFR 1 <br> Month+1.36%)144A±<br>| 5.32 | &nbsp;&nbsp; 7-25-2051 | 515794 | &nbsp;&nbsp; 514502 |
| &nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2023-CES3 Class A1A144A±± | 7.11 | &nbsp;&nbsp; 11-25-2043 | 1025027 | &nbsp;&nbsp; 1038649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RR 5 Ltd. Series 2018-5A Class A1R (U.S. SOFR 3 <br> Month+1.50%)144A±<br>| 5.40 | &nbsp;&nbsp; 7-15-2039 | 2500000 | &nbsp;&nbsp; 2506250 |
| &nbsp;&nbsp;&nbsp; Service Experts Issuer LLC Series 2021-1A Class A144A | 2.67 | &nbsp;&nbsp; 2-2-2032 | 656135 | &nbsp;&nbsp; 645434 |
| &nbsp;&nbsp;&nbsp; Service Experts Issuer LLC Series 2025-1A Class A144A | 5.38 | &nbsp;&nbsp; 1-20-2037 | 1649887 | &nbsp;&nbsp; 1653202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SLM Student Loan Trust Series 2003-10A Class A4 (90 Day <br> Average U.S. SOFR+0.93%)144A±<br>| 5.30 | &nbsp;&nbsp; 12-17-2068 | 1212836 | &nbsp;&nbsp; 1207935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SLM Student Loan Trust Series 2013-1 Class A3 (30 Day <br> Average U.S. SOFR+0.66%)±<br>| 4.74 | &nbsp;&nbsp; 5-26-2055 | 423492 | &nbsp;&nbsp; 419354 |
| &nbsp;&nbsp;&nbsp; Sotheby's ArtFi Master Trust Series 2024-1A Class A1144A | 6.43 | &nbsp;&nbsp; 12-22-2031 | 3400000 | &nbsp;&nbsp; 3415261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO VIII-R Ltd. Series 2015-1RA Class BR <br> (U.S. SOFR 3 Month+1.81%)144A±<br>| 5.72 | &nbsp;&nbsp; 4-15-2030 | 641396 | &nbsp;&nbsp; 641676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SpringCastle America Funding LLC Series 2020-AA <br> Class A144A<br>| 1.97 | &nbsp;&nbsp; 9-25-2037 | 376610 | &nbsp;&nbsp; 355403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood LLC Series 2025-SIF5A Class A (U.S. SOFR 3 <br> Month+1.55%)144A±<br>| 5.45 | &nbsp;&nbsp; 4-15-2037 | 2625000 | &nbsp;&nbsp; 2631468 |
| &nbsp;&nbsp;&nbsp; Store Master Funding I-VII Series 2018-1A Class A2144A | 4.29 | &nbsp;&nbsp; 10-20-2048 | 935079 | &nbsp;&nbsp; 930180 |
| &nbsp;&nbsp;&nbsp; Subway Funding LLC Series 2024-3A Class A2I144A | 5.25 | &nbsp;&nbsp; 7-30-2054 | 1227600 | &nbsp;&nbsp; 1223079 |
| &nbsp;&nbsp;&nbsp; TierPoint Issuer LLC Series 2025-1A Class A2144A | 6.15 | &nbsp;&nbsp; 4-26-2055 | 2200000 | &nbsp;&nbsp; 2239616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truist Bank Auto Credit-Linked Notes Series 2025-1 <br> Class B144A<br>| 4.73 | &nbsp;&nbsp; 9-26-2033 | 2743531 | &nbsp;&nbsp; 2745900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture XXIX CLO Ltd. Series 2017-29A Class AR (U.S. SOFR <br> 3 Month+1.25%)144A±<br>| 5.10 | &nbsp;&nbsp; 9-7-2030 | 73217 | &nbsp;&nbsp; 73220 |
| **Total asset-backed securities (Cost $93,777,603)** |  |  |  | &nbsp;&nbsp; **93890226** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Bond Plus Fund \| 3

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Corporate bonds and notes: 28.59%** |  |  |  |  |
| **Basic materials: 0.72%** |  |  |  |  |
| **Chemicals: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LYB International Finance III LLC | 5.13<br> %<br>| &nbsp;&nbsp; 1-15-2031 | $905000 | &nbsp;&nbsp; $907983 |
| &nbsp;&nbsp;&nbsp; Syensqo Finance America LLC144A | 5.65 | &nbsp;&nbsp; 6-4-2029 | 3000000 | &nbsp;&nbsp; 3116298 |
|  |  |  |  | &nbsp;&nbsp; **4024281** |
| **Forest products & paper: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Georgia-Pacific LLC144A | 4.40 | &nbsp;&nbsp; 6-30-2028 | 1400000 | &nbsp;&nbsp; **1415317** |
| **Communications: 1.89%** |  |  |  |  |
| **Internet: 0.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. | 4.20 | &nbsp;&nbsp; 11-15-2030 | 2935000 | &nbsp;&nbsp; **2955402** |
| **Media: 1.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 6.10 | &nbsp;&nbsp; 6-1-2029 | 2740000 | &nbsp;&nbsp; 2857073 |
| &nbsp;&nbsp;&nbsp; Discovery Communications LLC | 3.63 | &nbsp;&nbsp; 5-15-2030 | 2000000 | &nbsp;&nbsp; 1855000 |
| &nbsp;&nbsp;&nbsp; News Corp.144A | 3.88 | &nbsp;&nbsp; 5-15-2029 | 3000000 | &nbsp;&nbsp; 2894754 |
|  |  |  |  | &nbsp;&nbsp; **7606827** |
| **Telecommunications: 0.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Frontier California, Inc. Series F | 6.75 | &nbsp;&nbsp; 5-15-2027 | 1975000 | &nbsp;&nbsp; 2004625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 | 1821000 | &nbsp;&nbsp; 1838066 |
|  |  |  |  | &nbsp;&nbsp; **3842691** |
| **Consumer, cyclical: 3.97%** |  |  |  |  |
| **Airlines: 1.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alaska Airlines Pass-Through Trust Series 2020-1 <br> Class A144A<br>| 4.80 | &nbsp;&nbsp; 8-15-2027 | 1808974 | &nbsp;&nbsp; 1818574 |
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust Series 2015-1 Class A | 3.38 | &nbsp;&nbsp; 5-1-2027 | 2680956 | &nbsp;&nbsp; 2641423 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc./SkyMiles IP Ltd.144A | 4.75 | &nbsp;&nbsp; 10-20-2028 | 1740000 | &nbsp;&nbsp; 1750568 |
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust Series 2020-1 Class B | 4.88 | &nbsp;&nbsp; 1-15-2026 | 185591 | &nbsp;&nbsp; 185606 |
| &nbsp;&nbsp;&nbsp; United Airlines, Inc.144A | 4.38 | &nbsp;&nbsp; 4-15-2026 | 2381000 | &nbsp;&nbsp; 2377998 |
|  |  |  |  | &nbsp;&nbsp; **8774169** |
| **Auto manufacturers: 1.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 4.39 | &nbsp;&nbsp; 1-8-2026 | 1500000 | &nbsp;&nbsp; 1499733 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 5.13 | &nbsp;&nbsp; 11-5-2026 | 4000000 | &nbsp;&nbsp; 4019572 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America144A | 1.30 | &nbsp;&nbsp; 1-8-2026 | 1115000 | &nbsp;&nbsp; 1111475 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America144A | 5.65 | &nbsp;&nbsp; 6-26-2026 | 1080000 | &nbsp;&nbsp; 1088418 |
| &nbsp;&nbsp;&nbsp; Volkswagen Group of America Finance LLC144A | 4.90 | &nbsp;&nbsp; 8-14-2026 | 3495000 | &nbsp;&nbsp; 3510124 |
|  |  |  |  | &nbsp;&nbsp; **11229322** |
| **Lodging: 0.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. | 5.63 | &nbsp;&nbsp; 6-15-2028 | 1500000 | &nbsp;&nbsp; 1534274 |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. | 6.00 | &nbsp;&nbsp; 8-15-2029 | 2200000 | &nbsp;&nbsp; 2301032 |
|  |  |  |  | &nbsp;&nbsp; **3835306** |

---

See accompanying notes to portfolio of investments

4 \| Allspring Short-Term Bond Plus Fund

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Retail: 0.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. | 5.95<br> %<br>| &nbsp;&nbsp; 3-9-2028 | $1500000 | &nbsp;&nbsp; $1533090 |
| &nbsp;&nbsp;&nbsp; AutoNation, Inc. | 4.45 | &nbsp;&nbsp; 1-15-2029 | 1800000 | &nbsp;&nbsp; 1804913 |
|  |  |  |  | &nbsp;&nbsp; **3338003** |
| **Toys/games/hobbies: 0.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mattel, Inc. | 5.00 | &nbsp;&nbsp; 11-17-2030 | 505000 | &nbsp;&nbsp; 509534 |
| &nbsp;&nbsp;&nbsp; Mattel, Inc.144A | 5.88 | &nbsp;&nbsp; 12-15-2027 | 2485000 | &nbsp;&nbsp; 2486643 |
|  |  |  |  | &nbsp;&nbsp; **2996177** |
| **Consumer, non-cyclical: 2.50%** |  |  |  |  |
| **Commercial services: 1.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ashtead Capital, Inc.144A | 4.00 | &nbsp;&nbsp; 5-1-2028 | 1600000 | &nbsp;&nbsp; 1589228 |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc. | 4.80 | &nbsp;&nbsp; 4-1-2026 | 3695000 | &nbsp;&nbsp; 3696694 |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc. | 4.88 | &nbsp;&nbsp; 11-15-2030 | 2775000 | &nbsp;&nbsp; 2781507 |
| &nbsp;&nbsp;&nbsp; UL Solutions, Inc. | 6.50 | &nbsp;&nbsp; 10-20-2028 | 1275000 | &nbsp;&nbsp; 1345977 |
|  |  |  |  | &nbsp;&nbsp; **9413406** |
| **Cosmetics/Personal Care: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coty, Inc./HFC Prestige Products, Inc./HFC Prestige <br> International U.S. LLC144A<br>| 5.60 | &nbsp;&nbsp; 1-15-2031 | 1195000 | &nbsp;&nbsp; **1202526** |
| **Food: 0.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mars, Inc.144A | 4.60 | &nbsp;&nbsp; 3-1-2028 | 3400000 | &nbsp;&nbsp; **3443849** |
| **Healthcare-products: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Baxter International, Inc.%% | 4.45 | &nbsp;&nbsp; 2-15-2029 | 1875000 | &nbsp;&nbsp; **1883422** |
| **Healthcare-services: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 4.65 | &nbsp;&nbsp; 1-15-2031 | 3000000 | &nbsp;&nbsp; **3053980** |
| **Energy: 0.19%** |  |  |  |  |
| **Pipelines: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings LP144A | 6.63 | &nbsp;&nbsp; 12-15-2028 | 1400000 | &nbsp;&nbsp; **1440228** |
| **Financial: 13.05%** |  |  |  |  |
| **Banks: 5.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+0.83%)± | 4.98 | &nbsp;&nbsp; 1-24-2029 | 3000000 | &nbsp;&nbsp; 3056082 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+1.00%)± | 5.16 | &nbsp;&nbsp; 1-24-2031 | 2000000 | &nbsp;&nbsp; 2074538 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. Series N (U.S. SOFR+0.91%)± | 1.66 | &nbsp;&nbsp; 3-11-2027 | 2370000 | &nbsp;&nbsp; 2352962 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+0.91%)± | 1.95 | &nbsp;&nbsp; 10-21-2027 | 3000000 | &nbsp;&nbsp; 2941040 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.31%)± | 5.01 | &nbsp;&nbsp; 1-23-2030 | 3175000 | &nbsp;&nbsp; 3259899 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.33%)± | 6.07 | &nbsp;&nbsp; 10-22-2027 | 3000000 | &nbsp;&nbsp; 3051111 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR 3 Month+0.70%)± | 1.04 | &nbsp;&nbsp; 2-4-2027 | 835000 | &nbsp;&nbsp; 830627 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.11%)± | 5.23 | &nbsp;&nbsp; 1-15-2031 | 1795000 | &nbsp;&nbsp; 1856608 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.22%)± | 5.04 | &nbsp;&nbsp; 7-19-2030 | 1500000 | &nbsp;&nbsp; 1541993 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.38%)± | 4.99 | &nbsp;&nbsp; 4-12-2029 | 4265000 | &nbsp;&nbsp; 4350125 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.73%)± | 5.12 | &nbsp;&nbsp; 2-1-2029 | 2035000 | &nbsp;&nbsp; 2078433 |
| &nbsp;&nbsp;&nbsp; Santander Holdings USA, Inc. (U.S. SOFR+1.61%)± | 5.47 | &nbsp;&nbsp; 3-20-2029 | 2465000 | &nbsp;&nbsp; 2517257 |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp (U.S. SOFR+1.06%)± | 5.05 | &nbsp;&nbsp; 2-12-2031 | 1705000 | &nbsp;&nbsp; 1756097 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Bond Plus Fund \| 5

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp (U.S. SOFR+1.30%)± | 5.08<br> %<br>| &nbsp;&nbsp; 5-15-2031 | $1600000 | &nbsp;&nbsp; $1652506 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.37%)± | 4.97 | &nbsp;&nbsp; 4-23-2029 | 3820000 | &nbsp;&nbsp; 3894938 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.51%)± | 3.53 | &nbsp;&nbsp; 3-24-2028 | 3000000 | &nbsp;&nbsp; 2978233 |
|  |  |  |  | &nbsp;&nbsp; **40192449** |
| **Diversified financial services: 1.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aircastle Ltd.144A | 6.50 | &nbsp;&nbsp; 7-18-2028 | 2650000 | &nbsp;&nbsp; 2783319 |
| &nbsp;&nbsp;&nbsp; Ares Finance Co. II LLC144A | 3.25 | &nbsp;&nbsp; 6-15-2030 | 1145000 | &nbsp;&nbsp; 1086244 |
| &nbsp;&nbsp;&nbsp; Blackstone Holdings Finance Co. LLC144A | 5.90 | &nbsp;&nbsp; 11-3-2027 | 2145000 | &nbsp;&nbsp; 2214393 |
| &nbsp;&nbsp;&nbsp; Equitable America Global Funding144A | 4.95 | &nbsp;&nbsp; 6-9-2030 | 2235000 | &nbsp;&nbsp; 2280955 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc.144A | 4.50 | &nbsp;&nbsp; 11-15-2029 | 1300000 | &nbsp;&nbsp; 1279343 |
|  |  |  |  | &nbsp;&nbsp; **9644254** |
| **Insurance: 3.77%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Athene Global Funding | 0.37 | &nbsp;&nbsp; 9-10-2026 | 1200000 | &nbsp;&nbsp; 1368838 |
| &nbsp;&nbsp;&nbsp; Athene Global Funding144A | 2.72 | &nbsp;&nbsp; 1-7-2029 | 1150000 | &nbsp;&nbsp; 1088844 |
| &nbsp;&nbsp;&nbsp; Corebridge Global Funding144A | 4.25 | &nbsp;&nbsp; 8-21-2028 | 1790000 | &nbsp;&nbsp; 1794394 |
| &nbsp;&nbsp;&nbsp; Equitable Financial Life Global Funding144A | 5.50 | &nbsp;&nbsp; 12-2-2025 | 2080000 | &nbsp;&nbsp; 2080056 |
| &nbsp;&nbsp;&nbsp; Equitable Holdings, Inc.144A | 4.57 | &nbsp;&nbsp; 2-15-2029 | 860000 | &nbsp;&nbsp; 864942 |
| &nbsp;&nbsp;&nbsp; Fortitude Global Funding144A | 4.63 | &nbsp;&nbsp; 10-6-2028 | 1375000 | &nbsp;&nbsp; 1376011 |
| &nbsp;&nbsp;&nbsp; Guardian Life Global Funding144A | 5.55 | &nbsp;&nbsp; 10-28-2027 | 2815000 | &nbsp;&nbsp; 2897251 |
| &nbsp;&nbsp;&nbsp; Lincoln Financial Global Funding144A | 4.63 | &nbsp;&nbsp; 8-18-2030 | 3320000 | &nbsp;&nbsp; 3339888 |
| &nbsp;&nbsp;&nbsp; NMI Holdings, Inc. | 6.00 | &nbsp;&nbsp; 8-15-2029 | 1405000 | &nbsp;&nbsp; 1453936 |
| &nbsp;&nbsp;&nbsp; Northwestern Mutual Global Funding144A | 4.90 | &nbsp;&nbsp; 6-12-2028 | 3000000 | &nbsp;&nbsp; 3070953 |
| &nbsp;&nbsp;&nbsp; PartnerRe Finance B LLC | 3.70 | &nbsp;&nbsp; 7-2-2029 | 1616000 | &nbsp;&nbsp; 1585192 |
| &nbsp;&nbsp;&nbsp; Protective Life Corp.144A | 4.70 | &nbsp;&nbsp; 1-15-2031 | 1130000 | &nbsp;&nbsp; 1134646 |
| &nbsp;&nbsp;&nbsp; Protective Life Global Funding144A | 1.62 | &nbsp;&nbsp; 4-15-2026 | 2370000 | &nbsp;&nbsp; 2347910 |
| &nbsp;&nbsp;&nbsp; RGA Global Funding144A | 5.45 | &nbsp;&nbsp; 5-24-2029 | 3000000 | &nbsp;&nbsp; 3110873 |
| &nbsp;&nbsp;&nbsp; RGA Global Funding144A | 5.50 | &nbsp;&nbsp; 1-11-2031 | 1105000 | &nbsp;&nbsp; 1153789 |
|  |  |  |  | &nbsp;&nbsp; **28667523** |
| **Investment Companies: 0.93%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp. BDC | 5.10 | &nbsp;&nbsp; 1-15-2031 | 1000000 | &nbsp;&nbsp; 988422 |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp. BDC | 5.88 | &nbsp;&nbsp; 3-1-2029 | 740000 | &nbsp;&nbsp; 760343 |
| &nbsp;&nbsp;&nbsp; Ares Strategic Income Fund BDC | 5.70 | &nbsp;&nbsp; 3-15-2028 | 985000 | &nbsp;&nbsp; 997795 |
| &nbsp;&nbsp;&nbsp; Blue Owl Capital Corp. BDC | 5.95 | &nbsp;&nbsp; 3-15-2029 | 1260000 | &nbsp;&nbsp; 1275843 |
| &nbsp;&nbsp;&nbsp; HPS Corporate Lending Fund BDC144A | 5.45 | &nbsp;&nbsp; 11-15-2030 | 1150000 | &nbsp;&nbsp; 1143311 |
| &nbsp;&nbsp;&nbsp; MSD Investment Corp. BDC144A | 6.25 | &nbsp;&nbsp; 5-31-2030 | 1950000 | &nbsp;&nbsp; 1956173 |
|  |  |  |  | &nbsp;&nbsp; **7121887** |
| **REITs: 1.79%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Tower Trust #1144A | 5.49 | &nbsp;&nbsp; 3-15-2028 | 990000 | &nbsp;&nbsp; 1007638 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 8.30 | &nbsp;&nbsp; 3-15-2028 | 1140000 | &nbsp;&nbsp; 1202090 |
| &nbsp;&nbsp;&nbsp; Crown Castle, Inc. | 4.90 | &nbsp;&nbsp; 9-1-2029 | 3000000 | &nbsp;&nbsp; 3045848 |
| &nbsp;&nbsp;&nbsp; Piedmont Operating Partnership LP | 9.25 | &nbsp;&nbsp; 7-20-2028 | 980000 | &nbsp;&nbsp; 1085391 |
| &nbsp;&nbsp;&nbsp; SBA Tower Trust144A | 6.60 | &nbsp;&nbsp; 1-15-2028 | 2525000 | &nbsp;&nbsp; 2584978 |

---

See accompanying notes to portfolio of investments

6 \| Allspring Short-Term Bond Plus Fund

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **REITs**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Tanger Properties LP | 3.13<br> %<br>| &nbsp;&nbsp; 9-1-2026 | $3109000 | &nbsp;&nbsp; $3081965 |
| &nbsp;&nbsp;&nbsp; WEA Finance LLC144A | 2.88 | &nbsp;&nbsp; 1-15-2027 | 1612000 | &nbsp;&nbsp; 1582049 |
|  |  |  |  | &nbsp;&nbsp; **13589959** |
| **Industrial: 2.05%** |  |  |  |  |
| **Electrical components & equipment: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Molex Electronic Technologies LLC144A | 4.75 | &nbsp;&nbsp; 4-30-2028 | 3630000 | &nbsp;&nbsp; **3671390** |
| **Engineering & construction: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; MasTec, Inc.144A | 4.50 | &nbsp;&nbsp; 8-15-2028 | 3620000 | &nbsp;&nbsp; **3612674** |
| **Machinery-diversified: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Weir Group, Inc.144A | 5.35 | &nbsp;&nbsp; 5-6-2030 | 1300000 | &nbsp;&nbsp; **1341289** |
| **Miscellaneous manufacturing: 0.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 4.75 | &nbsp;&nbsp; 4-15-2029 | 3000000 | &nbsp;&nbsp; **2994135** |
| **Packaging & containers: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AptarGroup, Inc. | 4.75 | &nbsp;&nbsp; 3-30-2031 | 940000 | &nbsp;&nbsp; **948851** |
| **Transportation: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TTX Co.144A | 5.50 | &nbsp;&nbsp; 9-25-2026 | 3000000 | &nbsp;&nbsp; **3029746** |
| **Technology: 1.53%** |  |  |  |  |
| **Computers: 0.75%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dell International LLC/EMC Corp. | 4.50 | &nbsp;&nbsp; 2-15-2031 | 2315000 | &nbsp;&nbsp; 2315208 |
| &nbsp;&nbsp;&nbsp; Kyndryl Holdings, Inc. | 2.05 | &nbsp;&nbsp; 10-15-2026 | 3465000 | &nbsp;&nbsp; 3397061 |
|  |  |  |  | &nbsp;&nbsp; **5712269** |
| **Semiconductors: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC144A | 5.50 | &nbsp;&nbsp; 1-25-2031 | 3000000 | &nbsp;&nbsp; **3119747** |
| **Software: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 4.45 | &nbsp;&nbsp; 9-26-2030 | 2810000 | &nbsp;&nbsp; **2768897** |
| **Utilities: 2.69%** |  |  |  |  |
| **Electric: 2.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alliant Energy Finance LLC144A | 5.40 | &nbsp;&nbsp; 6-6-2027 | 2665000 | &nbsp;&nbsp; 2699359 |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | 3.10 | &nbsp;&nbsp; 6-15-2028 | 1640000 | &nbsp;&nbsp; 1919140 |
| &nbsp;&nbsp;&nbsp; Duke Energy Florida LLC | 4.20 | &nbsp;&nbsp; 12-1-2030 | 2240000 | &nbsp;&nbsp; 2244672 |
| &nbsp;&nbsp;&nbsp; Emera U.S. Finance LP | 3.55 | &nbsp;&nbsp; 6-15-2026 | 1485000 | &nbsp;&nbsp; 1478423 |
| &nbsp;&nbsp;&nbsp; National Rural Utilities Cooperative Finance Corp. Series D | 4.15 | &nbsp;&nbsp; 8-25-2028 | 3740000 | &nbsp;&nbsp; 3761260 |
| &nbsp;&nbsp;&nbsp; Niagara Mohawk Power Corp.144A | 4.65 | &nbsp;&nbsp; 10-3-2030 | 1875000 | &nbsp;&nbsp; 1888827 |
| &nbsp;&nbsp;&nbsp; Southern California Edison Co. | 5.35 | &nbsp;&nbsp; 3-1-2026 | 2000000 | &nbsp;&nbsp; 2004649 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 3.70 | &nbsp;&nbsp; 1-30-2027 | 355000 | &nbsp;&nbsp; 352171 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 4.30 | &nbsp;&nbsp; 10-15-2028 | 1225000 | &nbsp;&nbsp; 1221858 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 5.00 | &nbsp;&nbsp; 7-31-2027 | 2840000 | &nbsp;&nbsp; 2849094 |
|  |  |  |  | &nbsp;&nbsp; **20419453** |
| **Total corporate bonds and notes (Cost $213,853,378)** |  |  |  | &nbsp;&nbsp; **217289429** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Bond Plus Fund \| 7

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Foreign corporate bonds and notes: 1.06%** |  |  |  |  |  |
| **Communications: 0.13%** |  |  |  |  |  |
| **Telecommunications: 0.13%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Eutelsat SA | 1.50<br> %<br>| &nbsp;&nbsp; 10-13-2028 | EUR | 400000 | &nbsp;&nbsp; $443634 |
| &nbsp;&nbsp;&nbsp; Lorca Telecom Bondco SA | 4.00 | &nbsp;&nbsp; 9-18-2027 | EUR | 500000 | &nbsp;&nbsp; 580993 |
|  |  |  |  |  | &nbsp;&nbsp; **1024627** |
| **Consumer, cyclical: 0.30%** |  |  |  |  |  |
| **Auto parts & equipment: 0.06%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Valeo SE | 5.88 | &nbsp;&nbsp; 4-12-2029 | EUR | 400000 | &nbsp;&nbsp; **499044** |
| **Leisure time: 0.08%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TUI AG | 5.88 | &nbsp;&nbsp; 3-15-2029 | EUR | 500000 | &nbsp;&nbsp; **601540** |
| **Lodging: 0.16%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Essendi SA | 6.38 | &nbsp;&nbsp; 10-15-2029 | EUR | 1000000 | &nbsp;&nbsp; **1215667** |
| **Consumer, non-cyclical: 0.32%** |  |  |  |  |  |
| **Commercial services: 0.23%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Amber Finco PLC | 6.63 | &nbsp;&nbsp; 7-15-2029 | EUR | 400000 | &nbsp;&nbsp; 487174 |
| &nbsp;&nbsp;&nbsp; Verisure Holding AB | 5.50 | &nbsp;&nbsp; 5-15-2030 | EUR | 369000 | &nbsp;&nbsp; 443692 |
| &nbsp;&nbsp;&nbsp; Worldline SA | 4.13 | &nbsp;&nbsp; 9-12-2028 | EUR | 800000 | &nbsp;&nbsp; 815876 |
|  |  |  |  |  | &nbsp;&nbsp; **1746742** |
| **Food: 0.09%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Iceland Bondco PLC | 10.88 | &nbsp;&nbsp; 12-15-2027 | GBP | 284000 | &nbsp;&nbsp; 397908 |
| &nbsp;&nbsp;&nbsp; Market Bidco Finco PLC | 5.50 | &nbsp;&nbsp; 11-4-2027 | GBP | 200000 | &nbsp;&nbsp; 265060 |
|  |  |  |  |  | &nbsp;&nbsp; **662968** |
| **Financial: 0.06%** |  |  |  |  |  |
| **Real estate: 0.06%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aedas Homes Opco SL144A | 4.00 | &nbsp;&nbsp; 8-15-2026 | EUR | 400000 | &nbsp;&nbsp; **464265** |
| **Industrial: 0.25%** |  |  |  |  |  |
| **Building materials: 0.25%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Heidelberg Materials Finance Luxembourg SA | 3.00 | &nbsp;&nbsp; 7-10-2030 | EUR | 1600000 | &nbsp;&nbsp; **1861133** |
| **Total foreign corporate bonds and notes (Cost $7,708,755)** |  |  |  |  | &nbsp;&nbsp; **8075986** |
| **Foreign government bonds: 2.73%** |  |  |  |  |  |
| **Australia: 0.25%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New South Wales Treasury Corp. | 3.00 | &nbsp;&nbsp; 4-20-2029 | AUD | 1520000 | &nbsp;&nbsp; 959610 |
| &nbsp;&nbsp;&nbsp; Queensland Treasury Corp.144A | 3.50 | &nbsp;&nbsp; 8-21-2030 | AUD | 1515000 | &nbsp;&nbsp; 955778 |
|  |  |  |  |  | &nbsp;&nbsp; **1915388** |
| **Brazil: 0.48%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brazil | 10.00 | &nbsp;&nbsp; 1-1-2027 | BRL | 20300000 | &nbsp;&nbsp; **3681927** |
| **Colombia: 0.27%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Colombia TES | 5.75 | &nbsp;&nbsp; 11-3-2027 | COP | 8300000000 | &nbsp;&nbsp; **2028386** |

---

See accompanying notes to portfolio of investments

8 \| Allspring Short-Term Bond Plus Fund

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Czech Republic: 0.13%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Czech Republic | 5.00<br> %<br>| &nbsp;&nbsp; 9-30-2030 | CZK | 19590000 | &nbsp;&nbsp; **$974652** |
| **France: 0.59%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; French Republic144A | 2.70 | &nbsp;&nbsp; 2-25-2031 | EUR | 3850000 | &nbsp;&nbsp; **4459306** |
| **Luxembourg: 0.25%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; European Union | 2.63 | &nbsp;&nbsp; 7-4-2028 | EUR | 1650000 | &nbsp;&nbsp; **1933938** |
| **Mexico: 0.13%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mexico Bonos | 8.50 | &nbsp;&nbsp; 2-28-2030 | MXN | 17915000 | &nbsp;&nbsp; **989510** |
| **Singapore: 0.12%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Singapore Government Bonds | 2.88 | &nbsp;&nbsp; 9-1-2027 | SGD | 1175000 | &nbsp;&nbsp; **930080** |
| **Spain: 0.13%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Spain Government Bonds144A | 1.25 | &nbsp;&nbsp; 10-31-2030 | EUR | 870000 | &nbsp;&nbsp; **950696** |
| **United Kingdom: 0.38%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.K. Gilts | 1.63 | &nbsp;&nbsp; 10-22-2028 | GBP | 640000 | &nbsp;&nbsp; 801169 |
| &nbsp;&nbsp;&nbsp; U.K. Gilts | 4.13 | &nbsp;&nbsp; 7-22-2029 | GBP | 1560000 | &nbsp;&nbsp; 2085402 |
|  |  |  |  |  | &nbsp;&nbsp; **2886571** |
| **Total foreign government bonds (Cost $20,478,078)** |  |  |  |  | &nbsp;&nbsp; **20750454** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Investment companies: 0.30%** |  |  |
| **Exchange-traded funds: 0.30%** |  |  |
| &nbsp;&nbsp;&nbsp; iShares 0-5 Year High Yield Corporate Bond ETF | 52831 | &nbsp;&nbsp; **2275959** |
| **Total investment companies (Cost $2,170,203)** |  | &nbsp;&nbsp; **2275959** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | Principal |  |
| **Municipal obligations: 0.06%** |  |  |  |  |
| **Indiana: 0.06%** |  |  |  |  |
| **Education revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana Secondary Market for Education Loans, Inc. <br> (U.S. SOFR 1 Month+0.80%)±<br>| 4.87 | &nbsp;&nbsp; 2-25-2044 | $415903 | &nbsp;&nbsp; **416336** |
| **Total municipal obligations (Cost $412,540)** |  |  |  | &nbsp;&nbsp; **416336** |
| **Non-agency mortgage-backed securities: 10.55%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust Series 2024-NQM3 Class A1144A±± | 6.45 | &nbsp;&nbsp; 7-25-2069 | 2332955 | &nbsp;&nbsp; 2361282 |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust Series 2024-NQM5 Class A1144A | 5.70 | &nbsp;&nbsp; 11-25-2069 | 2161397 | &nbsp;&nbsp; 2172718 |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust Series 2025-NQM3 Class A1144A±± | 5.37 | &nbsp;&nbsp; 8-25-2070 | 2922630 | &nbsp;&nbsp; 2931005 |
| &nbsp;&nbsp;&nbsp; Ajax Mortgage Loan Trust Series 2021-E Class A1144A±± | 1.74 | &nbsp;&nbsp; 12-25-2060 | 2349594 | &nbsp;&nbsp; 2086342 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust Series 2020-4 Class A1144A±± | 1.47 | &nbsp;&nbsp; 6-25-2065 | 162836 | &nbsp;&nbsp; 157423 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust Series 2020-R1 Class A1144A±± | 0.99 | &nbsp;&nbsp; 4-25-2053 | 694939 | &nbsp;&nbsp; 661789 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust Series 2024-8 Class A1144A±± | 5.34 | &nbsp;&nbsp; 5-27-2069 | 2359880 | &nbsp;&nbsp; 2367160 |
| &nbsp;&nbsp;&nbsp; BAHA Trust Series 2024-MAR Class B144A±± | 7.07 | &nbsp;&nbsp; 12-10-2041 | 3500000 | &nbsp;&nbsp; 3660125 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Bond Plus Fund \| 9

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Non-agency mortgage-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BHMS Commercial Mortgage Trust Series 2025-ATLS Class B <br> (U.S. SOFR 1 Month+2.55%)144A±<br>| 6.51<br> %<br>| &nbsp;&nbsp; 8-15-2042 | $675000 | &nbsp;&nbsp; $675424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brean Asset-Backed Securities Trust Series 2021-RM2 <br> Class A144A±±<br>| 1.75 | &nbsp;&nbsp; 10-25-2061 | 1437050 | &nbsp;&nbsp; 1401947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bunker Hill Loan Depositary Trust Series 2019-3 <br> Class A1144A±±<br>| 2.72 | &nbsp;&nbsp; 11-25-2059 | 55838 | &nbsp;&nbsp; 55445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2021-ARIA Class D (U.S. SOFR 1 <br> Month+2.01%)144A±<br>| 5.97 | &nbsp;&nbsp; 10-15-2036 | 2165000 | &nbsp;&nbsp; 2163658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2024-BIO Class C (U.S. SOFR 1 <br> Month+2.64%)144A±<br>| 6.60 | &nbsp;&nbsp; 2-15-2041 | 3010000 | &nbsp;&nbsp; 2983712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2025-DELC Class C (U.S. SOFR 1 <br> Month+2.20%)144A±%%<br>| 6.16 | &nbsp;&nbsp; 12-15-2030 | 1890000 | &nbsp;&nbsp; 1894728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2025-VLT6 Class B (U.S. SOFR 1 <br> Month+1.89%)144A±<br>| 5.85 | &nbsp;&nbsp; 3-15-2042 | 2995000 | &nbsp;&nbsp; 2981912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2025-VOLT Class B (U.S. SOFR 1 <br> Month+2.10%)144A±%%<br>| 6.10 | &nbsp;&nbsp; 12-15-2044 | 1655000 | &nbsp;&nbsp; 1657069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CHL Mortgage Pass-Through Trust Series 2001-HYB1 <br> Class 2A1±±<br>| 5.88 | &nbsp;&nbsp; 6-19-2031 | 36203 | &nbsp;&nbsp; 35790 |
| &nbsp;&nbsp;&nbsp; COMM Mortgage Trust Series 2014-CR14 Class B±± | 3.63 | &nbsp;&nbsp; 2-10-2047 | 231004 | &nbsp;&nbsp; 225229 |
| &nbsp;&nbsp;&nbsp; CSMC Trust Series 2020-AFC1 Class A3144A±± | 3.51 | &nbsp;&nbsp; 2-25-2050 | 390330 | &nbsp;&nbsp; 374819 |
| &nbsp;&nbsp;&nbsp; CSMC Trust Series 2021-AFC1 Class A2144A±± | 1.07 | &nbsp;&nbsp; 3-25-2056 | 951621 | &nbsp;&nbsp; 824678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance of America Structured Securities Trust <br> Series 2024-S2 Class A1144A±±<br>| 3.50 | &nbsp;&nbsp; 4-25-2074 | 2355044 | &nbsp;&nbsp; 2305332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance of America Structured Securities Trust <br> Series 2025-S1 Class A1144A<br>| 3.50 | &nbsp;&nbsp; 2-25-2075 | 2416082 | &nbsp;&nbsp; 2344933 |
| &nbsp;&nbsp;&nbsp; GCAT Trust Series 2021-NQM1 Class A1144A±± | 0.87 | &nbsp;&nbsp; 1-25-2066 | 763356 | &nbsp;&nbsp; 684744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage Securities Corp. Trust Series 2018-LUAU <br> Class A (U.S. SOFR 1 Month+1.30%)144A±<br>| 5.26 | &nbsp;&nbsp; 11-15-2032 | 1576513 | &nbsp;&nbsp; 1567281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust Series 2024-HE1 <br> Class A1 (30 Day Average U.S. SOFR+1.60%)144A±<br>| 5.67 | &nbsp;&nbsp; 8-25-2054 | 1878913 | &nbsp;&nbsp; 1882832 |
| &nbsp;&nbsp;&nbsp; GSMPS Mortgage Loan Trust Series 1998-1 Class A144A±± | 8.00 | &nbsp;&nbsp; 9-19-2027 | 82311 | &nbsp;&nbsp; 80660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HAVN Trust Series 2025-MOB Class A (U.S. SOFR 1 <br> Month+1.70%)144A±<br>| 5.66 | &nbsp;&nbsp; 10-15-2035 | 1005000 | &nbsp;&nbsp; 1005314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hudson's Bay Simon JV Trust Series 2015-HB10 <br> Class A10144A<br>| 4.15 | &nbsp;&nbsp; 8-5-2034 | 2215000 | &nbsp;&nbsp; 2212795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Imperial Fund Mortgage Trust Series 2021-NQM3 <br> Class A1144A±±<br>| 1.60 | &nbsp;&nbsp; 11-25-2056 | 1971599 | &nbsp;&nbsp; 1713803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Imperial Fund Mortgage Trust Series 2022-NQM3 <br> Class A3144A±±<br>| 4.41 | &nbsp;&nbsp; 5-25-2067 | 4005000 | &nbsp;&nbsp; 3597630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase Commercial Mortgage Securities Trust <br> Series 2018-PHH Class A (U.S. SOFR 1 <br> Month+1.26%)144A±<br>| 5.22 | &nbsp;&nbsp; 6-15-2035 | 566915 | &nbsp;&nbsp; 479228 |
| &nbsp;&nbsp;&nbsp; JPMorgan Mortgage Trust Series 2020-2 Class A7144A±± | 3.50 | &nbsp;&nbsp; 7-25-2050 | 773284 | &nbsp;&nbsp; 706351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Mortgage Trust Series 2025-7MPR <br> Class A1D144A±±<br>| 5.32 | &nbsp;&nbsp; 2-25-2056 | 1768750 | &nbsp;&nbsp; 1773027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MASTR Adjustable Rate Mortgages Trust Series 2002-3 <br> Class 4A1±±<br>| 6.63 | &nbsp;&nbsp; 10-25-2032 | 637 | &nbsp;&nbsp; 641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Merrill Lynch Golden National MTGE Asset Backed <br> Certificates Series 1998-GN1 Class M2<br>| 8.02 | &nbsp;&nbsp; 2-25-2027 | 34322 | &nbsp;&nbsp; 34064 |

---

See accompanying notes to portfolio of investments

10 \| Allspring Short-Term Bond Plus Fund

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Non-agency mortgage-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; MFA Trust Series 2020-NQM1 Class A2144A±± | 2.79<br> %<br>| &nbsp;&nbsp; 8-25-2049 | $202886 | &nbsp;&nbsp; $197713 |
| &nbsp;&nbsp;&nbsp; MFA Trust Series 2021-NQM1 Class A2144A±± | 1.38 | &nbsp;&nbsp; 4-25-2065 | 434122 | &nbsp;&nbsp; 411080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust Series 2014-150E <br> Class A144A<br>| 3.91 | &nbsp;&nbsp; 9-9-2032 | 2530000 | &nbsp;&nbsp; 2290052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust Series 2018-5A <br> Class A1A144A±±<br>| 4.25 | &nbsp;&nbsp; 12-25-2057 | 997844 | &nbsp;&nbsp; 986713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust Series 2019-6A <br> Class A1B144A±±<br>| 3.50 | &nbsp;&nbsp; 9-25-2059 | 695288 | &nbsp;&nbsp; 663012 |
| &nbsp;&nbsp;&nbsp; NYMT Loan Trust Series 2022-CP1 Class A1144A | 2.04 | &nbsp;&nbsp; 7-25-2061 | 1627840 | &nbsp;&nbsp; 1533108 |
| &nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2023-CES2 Class A1A144A±± | 6.81 | &nbsp;&nbsp; 9-25-2043 | 645620 | &nbsp;&nbsp; 651701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential Mortgage Loan Trust Series 2021-1R <br> Class A2144A±±<br>| 1.10 | &nbsp;&nbsp; 1-25-2065 | 89191 | &nbsp;&nbsp; 86479 |
| &nbsp;&nbsp;&nbsp; ROCK Trust Series 2024-CNTR Class B144A | 5.93 | &nbsp;&nbsp; 11-13-2041 | 4205000 | &nbsp;&nbsp; 4360779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust Series 2024-CES1 <br> Class A1144A±±<br>| 6.31 | &nbsp;&nbsp; 3-25-2054 | 1828456 | &nbsp;&nbsp; 1850522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SDAL Trust Series 2025-DAL Class B (U.S. SOFR 1 <br> Month+2.94%)144A±<br>| 6.90 | &nbsp;&nbsp; 4-15-2042 | 3100000 | &nbsp;&nbsp; 3109521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SHR Trust Series 2024-LXRY Class A (U.S. SOFR 1 <br> Month+1.95%)144A±<br>| 5.91 | &nbsp;&nbsp; 10-15-2041 | 3370000 | &nbsp;&nbsp; 3372106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust Series 2020-1 <br> Class A3144A±±<br>| 2.56 | &nbsp;&nbsp; 2-25-2050 | 976347 | &nbsp;&nbsp; 938692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust Series 2025-DATA Class C <br> (U.S. SOFR 1 Month+2.09%)144A±<br>| 6.05 | &nbsp;&nbsp; 2-15-2042 | 2100000 | &nbsp;&nbsp; 2085581 |
| &nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust Series 2017-4 Class A1144A±± | 2.75 | &nbsp;&nbsp; 6-25-2057 | 147015 | &nbsp;&nbsp; 144292 |
| &nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust Series 2019-4 Class A1144A±± | 2.90 | &nbsp;&nbsp; 10-25-2059 | 627688 | &nbsp;&nbsp; 605210 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-2 Class A1144A±± | 1.03 | &nbsp;&nbsp; 2-25-2066 | 3250626 | &nbsp;&nbsp; 2972088 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-8 Class A2144A±± | 2.29 | &nbsp;&nbsp; 11-25-2066 | 1432679 | &nbsp;&nbsp; 1290196 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-R1 Class A2144A±± | 1.06 | &nbsp;&nbsp; 10-25-2063 | 37269 | &nbsp;&nbsp; 36142 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-R3 Class A1144A±± | 1.02 | &nbsp;&nbsp; 4-25-2064 | 504204 | &nbsp;&nbsp; 481760 |
| &nbsp;&nbsp;&nbsp; Wilshire Funding Corp. Series 1996-3 Class M2±± | 7.68 | &nbsp;&nbsp; 8-25-2032 | 42381 | &nbsp;&nbsp; 42529 |
| &nbsp;&nbsp;&nbsp; Wilshire Funding Corp. Series 1996-3 Class M3±± | 7.68 | &nbsp;&nbsp; 8-25-2032 | 16818 | &nbsp;&nbsp; 16682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wilshire Funding Corp. Series 1998-WFC2 Class M1 (12 <br> Month Treasury Average+2.00%)±<br>| 6.15 | &nbsp;&nbsp; 12-28-2037 | 1325 | &nbsp;&nbsp; 1319 |
| &nbsp;&nbsp; **Total non-agency mortgage-backed securities** <br> **(Cost $81,749,208)**<br>|  |  |  | &nbsp;&nbsp; **80188167** |
| **U.S. Treasury securities: 15.77%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.50 | &nbsp;&nbsp; 11-15-2028 | 13574000 | &nbsp;&nbsp; 13577181 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.63 | &nbsp;&nbsp; 8-31-2027 | 34940000 | &nbsp;&nbsp; 34995959 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.75 | &nbsp;&nbsp; 6-30-2027 | 11500000 | &nbsp;&nbsp; 11535039 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.75 | &nbsp;&nbsp; 8-15-2027 | 21480000 | &nbsp;&nbsp; 21556355 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.88 | &nbsp;&nbsp; 7-31-2027 | 38000000 | &nbsp;&nbsp; 38203359 |
| **Total U.S. Treasury securities (Cost $119,554,980)** |  |  |  | &nbsp;&nbsp; **119867893** |
| **Yankee corporate bonds and notes: 12.11%** |  |  |  |  |
| **Basic materials: 0.06%** |  |  |  |  |
| **Chemicals: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Braskem Netherlands Finance BV144A | 4.50 | &nbsp;&nbsp; 1-10-2028 | 1125000 | &nbsp;&nbsp; **440212** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Bond Plus Fund \| 11

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Communications: 1.23%** |  |  |  |  |
| **Media: 0.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Videotron Ltd.144A | 3.63<br> %<br>| &nbsp;&nbsp; 6-15-2029 | $3515000 | &nbsp;&nbsp; **$3426098** |
| **Telecommunications: 0.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NTT Finance Corp.144A | 4.57 | &nbsp;&nbsp; 7-16-2027 | 3880000 | &nbsp;&nbsp; 3909255 |
| &nbsp;&nbsp;&nbsp; Softbank Corp.144A | 4.70 | &nbsp;&nbsp; 7-9-2030 | 2000000 | &nbsp;&nbsp; 2011567 |
|  |  |  |  | &nbsp;&nbsp; **5920822** |
| **Consumer, cyclical: 0.41%** |  |  |  |  |
| **Apparel: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Gildan Activewear, Inc.144A | 4.70 | &nbsp;&nbsp; 10-7-2030 | 1085000 | &nbsp;&nbsp; **1082237** |
| **Leisure time: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd.144A | 4.25 | &nbsp;&nbsp; 7-1-2026 | 2000000 | &nbsp;&nbsp; **1999123** |
| **Consumer, non-cyclical: 0.70%** |  |  |  |  |
| **Household products/wares: 0.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Reckitt Benckiser Treasury Services PLC144A | 3.00 | &nbsp;&nbsp; 6-26-2027 | 3430000 | &nbsp;&nbsp; **3379097** |
| **Pharmaceuticals: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV | 3.15 | &nbsp;&nbsp; 10-1-2026 | 2000000 | &nbsp;&nbsp; **1973510** |
| **Financial: 7.87%** |  |  |  |  |
| **Banks: 5.92%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AIB Group PLC (U.S. SOFR+1.65%)144A± | 5.32 | &nbsp;&nbsp; 5-15-2031 | 2405000 | &nbsp;&nbsp; 2486593 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA | 4.55 | &nbsp;&nbsp; 11-6-2030 | 3600000 | &nbsp;&nbsp; 3618047 |
| &nbsp;&nbsp;&nbsp; Banque Federative du Credit Mutuel SA144A | 4.59 | &nbsp;&nbsp; 10-16-2028 | 1500000 | &nbsp;&nbsp; 1515735 |
| &nbsp;&nbsp;&nbsp; Barclays PLC (U.S. SOFR+0.96%)± | 5.09 | &nbsp;&nbsp; 2-25-2029 | 3745000 | &nbsp;&nbsp; 3815769 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA (U.S. SOFR+1.00%)144A± | 1.32 | &nbsp;&nbsp; 1-13-2027 | 1545000 | &nbsp;&nbsp; 1539382 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA (U.S. SOFR+1.46%)144A± | 5.22 | &nbsp;&nbsp; 5-27-2031 | 3000000 | &nbsp;&nbsp; 3093366 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA (U.S. SOFR+1.05%)144A± | 4.85 | &nbsp;&nbsp; 11-5-2030 | 3000000 | &nbsp;&nbsp; 3069114 |
| &nbsp;&nbsp;&nbsp; Federation des Caisses Desjardins du Quebec144A | 5.25 | &nbsp;&nbsp; 4-26-2029 | 2000000 | &nbsp;&nbsp; 2072103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC (1 Year Treasury Constant <br> Maturity+1.70%)±<br>| 5.87 | &nbsp;&nbsp; 3-6-2029 | 3650000 | &nbsp;&nbsp; 3788441 |
| &nbsp;&nbsp;&nbsp; Macquarie Group Ltd. (U.S. SOFR+1.07%)144A± | 1.34 | &nbsp;&nbsp; 1-12-2027 | 1885000 | &nbsp;&nbsp; 1878437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant <br> Maturity+1.17%)±<br>| 5.16 | &nbsp;&nbsp; 4-24-2031 | 1500000 | &nbsp;&nbsp; 1554234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NatWest Group PLC (1 Year Treasury Constant <br> Maturity+1.05%)±<br>| 5.12 | &nbsp;&nbsp; 5-23-2031 | 2660000 | &nbsp;&nbsp; 2738168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NatWest Group PLC (1 Year Treasury Constant <br> Maturity+1.10%)±<br>| 5.58 | &nbsp;&nbsp; 3-1-2028 | 3200000 | &nbsp;&nbsp; 3256022 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. | 5.24 | &nbsp;&nbsp; 4-15-2030 | 3000000 | &nbsp;&nbsp; 3121265 |
| &nbsp;&nbsp;&nbsp; Swedbank AB144A | 5.08 | &nbsp;&nbsp; 5-21-2030 | 3550000 | &nbsp;&nbsp; 3664089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (1 Year Treasury Constant <br> Maturity+0.85%)144A±<br>| 1.49 | &nbsp;&nbsp; 8-10-2027 | 2000000 | &nbsp;&nbsp; 1962680 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (U.S. SOFR+3.73%)144A± | 4.19 | &nbsp;&nbsp; 4-1-2031 | 1785000 | &nbsp;&nbsp; 1772429 |
|  |  |  |  | &nbsp;&nbsp; **44945874** |
| **Diversified financial services: 0.93%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd.144A | 4.95 | &nbsp;&nbsp; 1-15-2028 | 2500000 | &nbsp;&nbsp; 2529485 |

---

See accompanying notes to portfolio of investments

12 \| Allspring Short-Term Bond Plus Fund

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Diversified financial services**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd.144A | 5.75<br> %<br>| &nbsp;&nbsp; 11-15-2029 | $1000000 | &nbsp;&nbsp; $1039730 |
| &nbsp;&nbsp;&nbsp; Brookfield Asset Management Ltd. | 4.65 | &nbsp;&nbsp; 11-15-2030 | 3500000 | &nbsp;&nbsp; 3521505 |
|  |  |  |  | &nbsp;&nbsp; **7090720** |
| **Insurance: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; RenaissanceRe Holdings Ltd. | 3.60 | &nbsp;&nbsp; 4-15-2029 | 3175000 | &nbsp;&nbsp; **3112238** |
| **Real estate: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ontario Teachers' Cadillac Fairview Properties Trust144A | 3.88 | &nbsp;&nbsp; 3-20-2027 | 2687000 | &nbsp;&nbsp; **2674441** |
| **REITs: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Scentre Group Trust 1/Scentre Group Trust 2144A | 3.63 | &nbsp;&nbsp; 1-28-2026 | 2000000 | &nbsp;&nbsp; **1997124** |
| **Government securities: 1.00%** |  |  |  |  |
| **Multi-national: 1.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; African Export-Import Bank144A | 2.63 | &nbsp;&nbsp; 5-17-2026 | 2185000 | &nbsp;&nbsp; 2156690 |
| &nbsp;&nbsp;&nbsp; Banque Ouest Africaine de Developpement144A | 5.00 | &nbsp;&nbsp; 7-27-2027 | 3000000 | &nbsp;&nbsp; 2978284 |
| &nbsp;&nbsp;&nbsp; Central American Bank for Economic Integration144A | 1.14 | &nbsp;&nbsp; 2-9-2026 | 2500000 | &nbsp;&nbsp; 2485949 |
|  |  |  |  | &nbsp;&nbsp; **7620923** |
| **Industrial: 0.37%** |  |  |  |  |
| **Electronics: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Flex Ltd. | 4.88 | &nbsp;&nbsp; 6-15-2029 | 1790000 | &nbsp;&nbsp; **1814758** |
| **Trucking & leasing: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; SMBC Aviation Capital Finance DAC144A | 5.45 | &nbsp;&nbsp; 5-3-2028 | 1005000 | &nbsp;&nbsp; **1031336** |
| **Utilities: 0.47%** |  |  |  |  |
| **Electric: 0.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad144A | 5.70 | &nbsp;&nbsp; 1-24-2030 | 1500000 | &nbsp;&nbsp; 1524750 |
| &nbsp;&nbsp;&nbsp; Emera, Inc. Series 16-A (U.S. SOFR 3 Month+5.44%)± | 6.75 | &nbsp;&nbsp; 6-15-2076 | 2000000 | &nbsp;&nbsp; 2014634 |
|  |  |  |  | &nbsp;&nbsp; **3539384** |
| **Total yankee corporate bonds and notes (Cost $91,216,005)** |  |  |  | &nbsp;&nbsp; **92047897** |
| **Yankee government bonds: 0.76%** |  |  |  |  |
| **Israel: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Israel | 5.38 | &nbsp;&nbsp; 2-19-2030 | 1910000 | &nbsp;&nbsp; **1975851** |
| **Mexico: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mexico | 4.75 | &nbsp;&nbsp; 3-22-2031 | 2800000 | &nbsp;&nbsp; **2768192** |
| **Peru: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Corp. Financiera de Desarrollo SA144A | 5.50 | &nbsp;&nbsp; 5-6-2030 | 1000000 | &nbsp;&nbsp; **1025050** |
| **Total yankee government bonds (Cost $5,681,210)** |  |  |  | &nbsp;&nbsp; **5769093** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Bond Plus Fund \| 13

------

Portfolio of investments—November 30, 2025 (unaudited)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares | Value |
| **Short-term investments: 2.92%** |  |  |  |  |
| **Investment companies: 2.92%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞## |  | 3.93<br> %<br>| 22153131 | &nbsp;&nbsp; **$22153131** |
| **Total short-term investments (Cost $22,153,131)** |  |  |  | &nbsp;&nbsp; **22153131** |
| **Total investments in securities (Cost $752,869,551)** | 99.67<br> %<br>|  |  | &nbsp;&nbsp; 757439454 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | 0.33 |  |  | &nbsp;&nbsp; 2515344 |
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$759954798** |

---

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

---

| | |
|:---|:---|
| ± | 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 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>|
| ƒ | Investment in an interest-only security that entitles holders to receive only the interest payments on the underlying mortgages. The principal amount shown is the <br> notional amount of the underlying mortgages. The rate represents the coupon rate.<br>|
| ‡ | Security is valued using significant unobservable inputs. |
| ♠ | 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 |
| CLO | Collateralized loan obligation |
| COP | Colombian peso |
| CZK | Czech Republic koruna |
| EUR | Euro |
| 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 |
| RFUCCT1Y | Refinitiv USD IBOR Consumer Cash Fallbacks Term 1-year |
| SGD | Singapore dollar |
| SOFR | Secured Overnight Financing Rate |

---

**Investments in affiliates**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund <br> Select Class<br>| $17743160 | $154126938 | $(149716967)<br>| $0 | $0 | $22153131 | 22153131 | $285054 |

---

See accompanying notes to portfolio of investments

14 \| Allspring Short-Term Bond Plus Fund

------

Portfolio of investments—November 30, 2025 (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 | 2051425 | COP | 8098000000 | Morgan Stanley, Inc. | 12-30-2025 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $(97818)<br>|
| JPY | 280000000 | USD | 1928331 | Morgan Stanley, Inc. | 12-30-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (130614)<br>|
| USD | 1910376 | JPY | 280000000 | Morgan Stanley, Inc. | 12-30-2025 | &nbsp;&nbsp;&nbsp; 112660 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 2483677 | AUD | 3717500 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 47539 | &nbsp;&nbsp;&nbsp; 0 |
| AUD | 717500 | USD | 477184 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (6995)<br>|
| USD | 2637640 | BRL | 14315000 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (27225)<br>|
| USD | 1106358 | BRL | 6000000 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (10596)<br>|
| USD | 981435 | CZK | 20420000 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 730 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 18078898 | EUR | 15215000 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 395761 | &nbsp;&nbsp;&nbsp; 0 |
| EUR | 360000 | USD | 429191 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (10793)<br>|
| USD | 1156551 | EUR | 1000000 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (5666)<br>|
| EUR | 850000 | USD | 985841 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 2044 | &nbsp;&nbsp;&nbsp; 0 |
| EUR | 155000 | USD | 179697 | Bank of New York Mellon Corp. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 447 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 5075696 | GBP | 3717500 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 154794 | &nbsp;&nbsp;&nbsp; 0 |
| GBP | 1000000 | USD | 1310562 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 13151 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 934608 | SGD | 1212000 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (2763)<br>|
| USD | 1304614 | ZAR | 22840000 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (27273)<br>|
| ZAR | 22840000 | USD | 1320137 | Morgan Stanley, Inc. | 12-31-2025 | &nbsp;&nbsp;&nbsp; 11750 | &nbsp;&nbsp;&nbsp; 0 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; **$738876** | &nbsp;&nbsp;&nbsp; **$(319743)**<br>|

---

**Futures contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp; Notional <br>cost<br>| &nbsp;&nbsp; Notional <br>value<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| **Long** |  |  |  |  |  |  |
| &nbsp;&nbsp; 2-Year U.S. Treasury Notes | &nbsp;&nbsp; 1368 | &nbsp;&nbsp; 3-31-2026 | &nbsp;&nbsp; $285593557 | &nbsp;&nbsp; $285719626 | &nbsp;&nbsp; $126069 | &nbsp;&nbsp; $0 |
| **Short** |  |  |  |  |  |  |
| &nbsp;&nbsp; 2-Year Euro SCHATZ | &nbsp;&nbsp; (109)<br>| &nbsp;&nbsp; 12-8-2025 | &nbsp;&nbsp; (13544367)<br>| &nbsp;&nbsp; (13529999)<br>| &nbsp;&nbsp; 14368 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; 10-Year U.S. Treasury Notes | &nbsp;&nbsp; (110)<br>| &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; (12462722)<br>| &nbsp;&nbsp; (12467812)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (5090)<br>|
| &nbsp;&nbsp; 5-Year U.S. Treasury Notes | &nbsp;&nbsp; (1145)<br>| &nbsp;&nbsp; 3-31-2026 | &nbsp;&nbsp; (125658582)<br>| &nbsp;&nbsp; (125681641)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (23059)<br>|
|  |  |  |  |  | &nbsp;&nbsp; **$140437** | &nbsp;&nbsp; **$(28149)**<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** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Markit CDX North American High Yield <br> Series 44 <br>| 5.00% | Quarterly | 6-20-2030 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1785000 | &nbsp;&nbsp; $156514 | &nbsp;&nbsp; $119034 | &nbsp;&nbsp; $37480 | &nbsp;&nbsp; $0 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Bond Plus Fund \| 15

------

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

Notes to portfolio of investments

Securities valuation

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

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

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

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.

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.

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

16 \| Allspring Short-Term Bond Plus Fund

------

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

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

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

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. 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) on centrally cleared swaps. Payments received from (paid to) the counterparty are recorded as realized gains (losses) when the contract is closed.

***Credit default swaps*** <br>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).

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.

Allspring Short-Term Bond Plus Fund \| 17

------

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

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.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of November 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Agency securities** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $94714883 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $94714883 |
| **Asset-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 93303674 | &nbsp;&nbsp;&nbsp;&nbsp; 586552 | &nbsp;&nbsp;&nbsp;&nbsp; 93890226 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 217289429 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 217289429 |
| **Foreign corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 8075986 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 8075986 |
| **Foreign government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 20750454 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 20750454 |
| **Investment companies** | &nbsp;&nbsp; 2275959 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 2275959 |
| **Municipal obligations** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 416336 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 416336 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 80188167 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 80188167 |
| **U.S. Treasury securities** | &nbsp;&nbsp; 119867893 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 119867893 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 92047897 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 92047897 |
| **Yankee government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5769093 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5769093 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 22153131 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 22153131 |
|  | &nbsp;&nbsp; 144296983 | &nbsp;&nbsp;&nbsp;&nbsp; 612555919 | &nbsp;&nbsp;&nbsp;&nbsp; 586552 | &nbsp;&nbsp;&nbsp;&nbsp; 757439454 |
| **Forward foreign currency contracts** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 738876 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 738876 |
| **Futures contracts** | &nbsp;&nbsp; 140437 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 140437 |
| **Swap contracts** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 37480 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 37480 |
| **Total assets** | &nbsp;&nbsp; **$144437420** | &nbsp;&nbsp;&nbsp; **$613332275** | &nbsp;&nbsp;&nbsp; **$586552** | &nbsp;&nbsp;&nbsp; **$758356247** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Forward foreign currency contracts** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $319743 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $319743 |
| **Futures contracts** | &nbsp;&nbsp; 28149 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 28149 |
| **Total liabilities** | &nbsp;&nbsp; **$28149** | &nbsp;&nbsp;&nbsp; **$319743** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$347892** |

---

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

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

As of November 30, 2025, $1,990,000 was segregated as cash collateral for these open futures contracts and $125,013 was segregated as cash collateral for swap contracts. The Fund also had $597,603 segregated as cash collateral for open forward foreign currency contracts.

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

18 \| Allspring Short-Term Bond Plus Fund

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ALLSPRING FUNDS TRUST

- **b. Investment Company Act file number:** 811-09253

- **c. CIK number of Registrant:** 0001081400

- **d. LEI of Registrant:** 549300XROIY0CTN7RZ24

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

  - **Street Address 1:** 1415 Vantage Park Drive

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28203

  - **Telephone number:** 833-568-4255

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

- **a. Name of Series:** Allspring Short-Term Bond Plus Fund

- **b. EDGAR series identifier (if any):** S000007427

- **c. LEI of Series:** 54930041J6374Z48C437

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $766743386.69

**Total Liabilities:** $7595668.47

**Net Assets:** $759147718.22

**Delayed Delivery Securities:** $5418725.00

**Cash Not Reported:** $1495637.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2130.79000000 | **1-Year:** -32848.33000000 | **5-Year:** -54310.31000000 | **10-Year:** -5858.41000000 | **30-Year:** -1746.15000000

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

- **3-Month:** -240.02000000 | **1-Year:** -5432.65000000 | **5-Year:** -7439.11000000 | **10-Year:** -5171.23000000 | **30-Year:** -1958.43000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020381 | 0.24%                | 0.37%                | 0.44%                |
| Class ID C000020382 | 0.27%                | 0.40%                | 0.35%                |
| Class ID C000064987 | 0.29%                | 0.19%                |  |
| Class ID C000205248 | 0.39%                | 0.29%                | 0.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $528858.89               | $-648823.67                                |
| Month 2  | $37477.29                | $-472564.77                                |
| Month 3  | $239576.90               | $755074.80                                 |

**Designated Index Information**

- **Index Name:** Bloomberg 1-3 Year U.S. Government/Credit Index

- **Index Identifier:** gcrd1-3_returns

### Schedule of Portfolio Investments

| Name                                             | Title                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A&D Mortgage Trust                               | A&D Mortgage Trust 2024-NQM3                                                                                           | CUSIP: 00039HAA5<br>LEI: 9845009E581BS7E85066 | Long             | ABS-MBS          | CORP              | US        |    2332955 | PA      | $2361281.68   | 0.31%             | 2069-07-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                               | A&D Mortgage Trust 2024-NQM5                                                                                           | CUSIP: 00039KAC4<br>LEI: 9845006Z1DC68561N347 | Long             | ABS-MBS          | CORP              | US        |    2161397 | PA      | $2172717.83   | 0.29%             | 2069-11-25      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Achieve Mortgage                                 | ACHM Trust 2023-HE2                                                                                                    | CUSIP: 00111NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     807516 | PA      | $832804.30    | 0.11%             | 2038-10-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                    | AIB Group PLC                                                                                                          | CUSIP: 00135TAF1<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    2405000 | PA      | $2486592.70   | 0.33%             | 2031-05-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                          | Corebridge Global Funding                                                                                              | CUSIP: 00138CBG2<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    1790000 | PA      | $1794393.61   | 0.24%             | 2028-08-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                               | A&D Mortgage Trust 2025-NQM3                                                                                           | CUSIP: 00250FAC7<br>LEI: 984500D4480E0AE81M71 | Long             | ABS-MBS          | CORP              | US        |    2922630 | PA      | $2931004.49   | 0.39%             | 2070-08-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                               | Advance Auto Parts Inc                                                                                                 | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1533090.00   | 0.20%             | 2028-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AFRICAN EXPORT-IMPORT BA                         | African Export-Import Bank/The                                                                                         | CUSIP: 00831TAB7<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | XX        |    2185000 | PA      | $2156690.79   | 0.28%             | 2026-05-17      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                       | Affirm Asset Securitization Trust 2024-B                                                                               | CUSIP: 00835AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3500000 | PA      | $3508082.90   | 0.46%             | 2029-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                    | Aircastle Ltd                                                                                                          | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    2650000 | PA      | $2783319.30   | 0.37%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                         | Ajax Mortgage Loan Trust 2021-E                                                                                        | CUSIP: 009740AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2349594 | PA      | $2086342.46   | 0.27%             | 2060-12-25      | Variable      | 1.74%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRLINES 2020 TR                          | Alaska Airlines 2020-1 Class A Pass Through Trust                                                                      | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1808974 | PA      | $1818574.03   | 0.24%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE                           | Alliant Energy Finance LLC                                                                                             | CUSIP: 01882YAF3<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    2665000 | PA      | $2699359.05   | 0.36%             | 2027-06-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-1 A PTT                            | American Airlines 2015-1 Class A Pass Through Trust                                                                    | CUSIP: 023770AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2680955 | PA      | $2641423.11   | 0.35%             | 2027-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust     | American Credit Acceptance Receivables Trust 2024-4                                                                    | CUSIP: 024945AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2715000 | PA      | $2716236.95   | 0.36%             | 2028-11-13      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER TRUST I                           | American Tower Trust #1                                                                                                | CUSIP: 03027WAM4<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              |  | US        |     990000 | PA      | $1007638.34   | 0.13%             | 2028-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust 2020-4                                                                                        | CUSIP: 03464LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     162836 | PA      | $157423.18    | 0.02%             | 2065-06-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust 2020-R1                                                                                       | CUSIP: 034651AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     694939 | PA      | $661789.46    | 0.09%             | 2053-04-25      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust 2024-8                                                                                        | CUSIP: 03465QAA2<br>LEI: 254900BM1HTLL3SKQ481 | Long             | ABS-MBS          | CORP              | US        |    2359880 | PA      | $2367160.43   | 0.31%             | 2069-05-27      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| APTARGROUP INC                                   | AptarGroup Inc                                                                                                         | CUSIP: 038336AB9<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | DBT              | CORP              | US        |     940000 | PA      | $948851.39    | 0.12%             | 2031-03-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                               | Aqua Finance Trust 2021-A                                                                                              | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     631071 | PA      | $581145.16    | 0.08%             | 2046-07-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                | Ares Capital Corp                                                                                                      | CUSIP: 04010LBF9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |     740000 | PA      | $760343.27    | 0.10%             | 2029-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                | Ares Capital Corp                                                                                                      | CUSIP: 04010LBL6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    1000000 | PA      | $988421.54    | 0.13%             | 2031-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ARES FINANCE CO II LLC                           | Ares Finance Co II LLC                                                                                                 | CUSIP: 04015KAB6<br>LEI: 54930012GWL4VKKENG46 | Long             | DBT              | CORP              | US        |    1145000 | PA      | $1086243.56   | 0.14%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                         | Ares Strategic Income Fund                                                                                             | CUSIP: 04020EAG2<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |     985000 | PA      | $997794.82    | 0.13%             | 2028-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                              | Ashtead Capital Inc                                                                                                    | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    1600000 | PA      | $1589227.42   | 0.21%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                            | Athene Global Funding                                                                                                  | CUSIP: 04685A3G4<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    1150000 | PA      | $1088843.67   | 0.14%             | 2029-01-07      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                   | AutoNation Inc                                                                                                         | CUSIP: 05329WAU6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1800000 | PA      | $1804912.97   | 0.24%             | 2029-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd                                                                                            | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    1000000 | PA      | $1039729.58   | 0.14%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd                                                                                            | CUSIP: 05401AAW1<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    2500000 | PA      | $2529485.23   | 0.33%             | 2028-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                           | Equitable Holdings Inc                                                                                                 | CUSIP: 054561AN5<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |     860000 | PA      | $864941.91    | 0.11%             | 2029-02-15      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                                   | BAHA Trust 2024-MAR                                                                                                    | CUSIP: 05493XAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3500000 | PA      | $3660125.00   | 0.48%             | 2041-12-10      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2025-DELC                                                                                                     | CUSIP: 05594MAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1890000 | PA      | $1894728.21   | 0.25%             | 2030-12-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2021-ARIA                                                                                                     | CUSIP: 05608RAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2165000 | PA      | $2163657.70   | 0.29%             | 2036-10-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2024-BIO                                                                                                      | CUSIP: 05612AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3010000 | PA      | $2983712.17   | 0.39%             | 2041-02-15      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2025-VOLT                                                                                                     | CUSIP: 05619PAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1655000 | PA      | $1657068.75   | 0.22%             | 2044-12-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                               | Banco Santander SA                                                                                                     | CUSIP: 05971KAR0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    3600000 | PA      | $3618047.48   | 0.48%             | 2030-11-06      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                                                                                   | CUSIP: 06051GJQ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    2370000 | PA      | $2352962.33   | 0.31%             | 2027-03-11      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                                                                                   | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3056081.97   | 0.40%             | 2029-01-24      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                                                                                   | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $2074538.10   | 0.27%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                           | Banque Federative du Credit Mutuel SA                                                                                  | CUSIP: 06675DCR1<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    1500000 | PA      | $1515735.27   | 0.20%             | 2028-10-16      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| BANQUE OUEST AFRICAINE D                         | Banque Ouest Africaine de Developpement                                                                                | CUSIP: 06675QAB9<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | XX        |    3000000 | PA      | $2978283.81   | 0.39%             | 2027-07-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                     | Barclays PLC                                                                                                           | CUSIP: 06738ECX1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    3745000 | PA      | $3815768.89   | 0.50%             | 2029-02-25      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                         | Baxter International Inc                                                                                               | CUSIP: 071813DC0<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    1875000 | PA      | $1883422.39   | 0.25%             | 2029-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust    | BHG Securitization Trust 2021-A                                                                                        | CUSIP: 08861YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     222008 | PA      | $220149.93    | 0.03%             | 2033-11-17      | Fixed         | 1.42%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust    | BHG Securitization Trust 2021-A                                                                                        | CUSIP: 08861YAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1335000 | PA      | $1311830.54   | 0.17%             | 2033-11-17      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| BHMS Mortgage Trust                              | BHMS Commercial Mortgage Trust 2025-ATLS                                                                               | CUSIP: 088928AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     675000 | PA      | $675424.17    | 0.09%             | 2042-08-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINA                         | Blackstone Holdings Finance Co LLC                                                                                     | CUSIP: 09261BAJ9<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    2145000 | PA      | $2214392.47   | 0.29%             | 2027-11-03      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Blue Owl Asset Leasing Trust                     | Blue Owl Asset Leasing Trust 2024-1 LLC                                                                                | CUSIP: 095921AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1970610 | PA      | $1977839.93   | 0.26%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                      | BNP Paribas SA                                                                                                         | CUSIP: 09659W2N3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    1545000 | PA      | $1539382.15   | 0.20%             | 2027-01-13      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| Bojangles Issuer, LLC                            | Bojangles Issuer LLC                                                                                                   | CUSIP: 09748RAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2194500 | PA      | $2221521.76   | 0.29%             | 2054-11-20      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                         | Brandywine Operating Partnership LP                                                                                    | CUSIP: 105340AR4<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    1140000 | PA      | $1202090.10   | 0.16%             | 2028-03-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                              | Braskem Netherlands Finance BV                                                                                         | CUSIP: 10554TAB1<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    1125000 | PA      | $440212.50    | 0.06%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities Trust              | Brean Asset Backed Securities Trust 2021-RM2                                                                           | CUSIP: 10638MAA8<br>LEI: 98450003CE714EY3D313 | Long             | ABS-MBS          | CORP              | US        |    1437050 | PA      | $1401946.67   | 0.18%             | 2061-10-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD ASSET MANAGEM                         | Brookfield Asset Management Ltd                                                                                        | CUSIP: 113004AB1<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |    3500000 | PA      | $3521505.23   | 0.46%             | 2030-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Bunker Hill Loan Depositary Trust                | Bunker Hill Loan Depositary Trust 2019-3                                                                               | CUSIP: 12062BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      55838 | PA      | $55444.96     | 0.01%             | 2059-11-25      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2025-VLT6                                                                                                     | CUSIP: 12433KAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2995000 | PA      | $2981911.85   | 0.39%             | 2042-03-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                   | CFMT 2021-AL1 LLC                                                                                                      | CUSIP: 12529UAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     115074 | PA      | $114716.78    | 0.02%             | 2031-09-22      | Fixed         | 1.39%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC 2020-AFC1 Trust                                                                                                   | CUSIP: 12597MAC9<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |     390330 | PA      | $374818.63    | 0.05%             | 2050-02-25      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                              | COMM 2014-CR14 Mortgage Trust                                                                                          | CUSIP: 12630DBB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     231004 | PA      | $225228.73    | 0.03%             | 2047-02-10      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| Wilshire Funding Corporation                     | Wilshire Funding Corp                                                                                                  | CUSIP: 126342FW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      42381 | PA      | $42528.83     | 0.01%             | 2032-08-25      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| Wilshire Funding Corporation                     | Wilshire Funding Corp                                                                                                  | CUSIP: 126342FX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      16818 | PA      | $16681.65     | 0.00%             | 2032-08-25      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC 2021-AFC1 Trust                                                                                                   | CUSIP: 12657LAB0<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |     951621 | PA      | $824678.44    | 0.11%             | 2056-03-25      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                           | CHL Mortgage Pass-Through Trust 2001-HYB1                                                                              | CUSIP: 12669B2X9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      36203 | PA      | $35789.81     | 0.00%             | 2031-06-19      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| CAJUN GLOBAL LLC                                 | Cajun Global LLC                                                                                                       | CUSIP: 12803VAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     965000 | PA      | $960158.60    | 0.13%             | 2055-11-20      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2023-P1                                                                                 | CUSIP: 14688EAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     152183 | PA      | $152547.64    | 0.02%             | 2027-12-10      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2024-P3                                                                                 | CUSIP: 146919AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      94754 | PA      | $94760.52     | 0.01%             | 2027-11-10      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| CENTRAL AMERICAN BANK                            | Central American Bank for Economic Integration                                                                         | CUSIP: 15238PAG1<br>LEI: 549300OLDAMXBPSHIC05 | Long             | DBT              | NUSS              | XX        |    2500000 | PA      | $2485948.88   | 0.33%             | 2026-02-09      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2740000 | PA      | $2857073.49   | 0.38%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ClickLease Equipment Receivables 2024-1 Trust    | ClickLease Equipment Receivables 2024-1 Trust                                                                          | CUSIP: 18682FAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2461649 | PA      | $2490046.45   | 0.33%             | 2030-02-15      | Fixed         | 8.40%                 | No            |                  2 | On Loan: No      |
| Cogent IPv4 LLC                                  | Cogent Ipv4 LLC                                                                                                        | CUSIP: 19240JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     915000 | PA      | $954016.24    | 0.13%             | 2054-05-25      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| Cogent IPv4 LLC                                  | Cogent Ipv4 LLC                                                                                                        | CUSIP: 19240JAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1535000 | PA      | $1579571.49   | 0.21%             | 2055-04-25      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                         | Comision Federal de Electricidad                                                                                       | CUSIP: 200447AN0<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    1500000 | PA      | $1524750.00   | 0.20%             | 2030-01-24      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                    | Commonbond Student Loan Trust 2018-BGS                                                                                 | CUSIP: 20268MAA4<br>LEI: 549300EJIXF1G1X7PN20 | Long             | ABS-O            | CORP              | US        |     448026 | PA      | $432258.03    | 0.06%             | 2045-09-25      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Contimortgage Home Equity Loan Trust             | Contimortgage Home Equity Loan Trust 1996-2                                                                            | CUSIP: 21075WCW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     327817 | PA      | $3532.04      | 0.00%             | 2027-07-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                         | Corp Financiera de Desarrollo SA                                                                                       | CUSIP: 21987DAH7<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |    1000000 | PA      | $1025050.00   | 0.14%             | 2030-05-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                                                             | CUSIP: 21H0506C1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1515000 | PA      | $1513178.21   | 0.20%             | 2055-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                         | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC                                                   | CUSIP: 22207AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1195000 | PA      | $1202526.11   | 0.16%             | 2031-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                               | Credit Agricole SA                                                                                                     | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    3000000 | PA      | $3093366.33   | 0.41%             | 2031-05-27      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                | Credit Acceptance Auto Loan Trust 2023-2                                                                               | CUSIP: 22537EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     120868 | PA      | $121118.68    | 0.02%             | 2033-05-16      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                           | CUSIP: 225401AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    1785000 | PA      | $1772428.94   | 0.23%             | 2031-04-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Wilshire Funding Corporation                     | Wilshire Funding Corp                                                                                                  | CUSIP: 22540AGU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       1325 | PA      | $1318.92      | 0.00%             | 2037-12-28      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                 | Crown Castle Inc                                                                                                       | CUSIP: 22822VBF7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    3000000 | PA      | $3045847.92   | 0.40%             | 2029-09-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                     | DNB Bank ASA                                                                                                           | CUSIP: 23341CAE3<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |    3000000 | PA      | $3069114.24   | 0.40%             | 2030-11-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                              | DataBank Issuer                                                                                                        | CUSIP: 23802WAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2760000 | PA      | $2752526.47   | 0.36%             | 2054-01-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                          | Dell International LLC / EMC Corp                                                                                      | CUSIP: 24703DBS9<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    2315000 | PA      | $2315208.42   | 0.30%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                         | Discovery Communications LLC                                                                                           | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1855000.00   | 0.24%             | 2030-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD AUD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $47538.77     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED JPY / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | JP        |          1 | NC      | $-130614.19   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD COP                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-97817.77    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD EUR                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $395761.33    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED EUR / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | XX        |          1 | NC      | $-10792.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD GBP                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $154794.25    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD ZAR                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-27272.95    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD JPY                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $112659.43    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED AUD / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | AU        |          1 | NC      | $-6994.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD BRL                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-27225.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD CZK                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $730.24       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED ZAR / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | ZA        |          1 | NC      | $11750.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD BRL                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-10595.70    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD SGD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-2762.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED GBP / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | GB        |          1 | NC      | $13150.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD EUR                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-5666.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED EUR / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | XX        |          1 | NC      | $2043.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                          | PURCHASED EUR / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | XX        |          1 | NC      | $0.03         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                          | Duke Energy Florida LLC                                                                                                | CUSIP: 26444HAT8<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    2240000 | PA      | $2244671.74   | 0.30%             | 2030-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| EMERA INC                                        | Emera Inc                                                                                                              | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |    2000000 | PA      | $2014634.00   | 0.27%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EMERA US FINANCE LP                              | Emera US Finance LP                                                                                                    | CUSIP: 29103DAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1485000 | PA      | $1478422.64   | 0.19%             | 2026-06-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                     | Entegris Inc                                                                                                           | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $2994135.00   | 0.39%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Equifirst Mortgage Loan Trust                    | EquiFirst Mortgage Loan Trust 2003-2                                                                                   | CUSIP: 29445FAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      60255 | PA      | $60580.33     | 0.01%             | 2033-09-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                         | Equitable America Global Funding                                                                                       | CUSIP: 29446Q2B8<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    2235000 | PA      | $2280955.42   | 0.30%             | 2030-06-09      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                         | Equitable Financial Life Global Funding                                                                                | CUSIP: 29449WAP2<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    2080000 | PA      | $2080055.74   | 0.27%             | 2025-12-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                      | FIGRE Trust 2025-HE1                                                                                                   | CUSIP: 30191LAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1580717 | PA      | $1600453.48   | 0.21%             | 2055-01-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                               | Meta Platforms Inc                                                                                                     | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    2935000 | PA      | $2955402.42   | 0.39%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                             | FS Rialto 2021-FL3                                                                                                     | CUSIP: 30323CAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    2000000 | PA      | $1987432.22   | 0.26%             | 2036-11-16      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                             | FS Rialto 2025-FL10 Issuer LLC                                                                                         | CUSIP: 30340KAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    3000000 | PA      | $2986444.80   | 0.39%             | 2042-08-19      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Non Gold Pool                                                                                              | CUSIP: 31295NJR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       8441 | PA      | $8612.04      | 0.00%             | 2032-04-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Non Gold Pool                                                                                              | CUSIP: 31347AFY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      47935 | PA      | $49319.54     | 0.01%             | 2038-04-01      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates                                                           | CUSIP: 3137FARM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     152435 | PA      | $152368.15    | 0.02%             | 2044-05-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                        | CUSIP: 31385H5V0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      10533 | PA      | $10694.61     | 0.00%             | 2031-11-01      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                        | CUSIP: 31387Y5U3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      61099 | PA      | $63198.40     | 0.01%             | 2031-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                        | CUSIP: 3138EQBQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     212300 | PA      | $219646.28    | 0.03%             | 2036-08-01      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                          | Fannie Mae Grantor Trust 2002-T1                                                                                       | CUSIP: 31392A7D4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       8226 | PA      | $9099.92      | 0.00%             | 2031-11-25      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                          | Fannie Mae Grantor Trust 2002-T12                                                                                      | CUSIP: 31392D7H9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     247074 | PA      | $260533.51    | 0.03%             | 2042-05-25      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through Securities         | Freddie Mac Structured Pass-Through Certificates                                                                       | CUSIP: 31392MH47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     159828 | PA      | $190710.01    | 0.03%             | 2042-02-25      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                             | Fannie Mae Trust 2003-W6                                                                                               | CUSIP: 31393BW76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     139858 | PA      | $140573.23    | 0.02%             | 2042-08-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                             | Fannie Mae Trust 2003-W6                                                                                               | CUSIP: 31393BX59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      22447 | PA      | $24315.58     | 0.00%             | 2042-10-25      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                             | Fannie Mae REMIC Trust 2003-W11                                                                                        | CUSIP: 31393C6U2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       3012 | PA      | $3052.77      | 0.00%             | 2033-06-25      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                                                                                     | CUSIP: 31393NTQ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       2125 | PA      | $2139.95      | 0.00%             | 2033-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                                                      | CUSIP: 31394FN92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      34859 | PA      | $35929.77     | 0.00%             | 2035-10-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through Securities         | Freddie Mac Structured Pass-Through Certificates                                                                       | CUSIP: 31394JDB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      37870 | PA      | $37078.31     | 0.00%             | 2043-07-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through Securities         | Freddie Mac Structured Pass-Through Certificates                                                                       | CUSIP: 31394PPV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     373944 | PA      | $316435.40    | 0.04%             | 2043-10-25      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                             | Fannie Mae Trust 2006-W1                                                                                               | CUSIP: 31395B5P4<br>LEI: 5493001NEANKKEPIN618 | Long             | ABS-MBS          | USGSE             | US        |     574267 | PA      | $568892.05    | 0.07%             | 2046-02-25      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                                                      | CUSIP: 31397UFA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       6297 | PA      | $6277.06      | 0.00%             | 2026-06-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                        | CUSIP: 31401MDL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      18943 | PA      | $19408.70     | 0.00%             | 2033-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                        | CUSIP: 3140JBE69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     149318 | PA      | $153808.12    | 0.02%             | 2044-07-01      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                        | CUSIP: 3140QVPC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    5875077 | PA      | $6087699.52   | 0.80%             | 2054-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                        | CUSIP: 31414SCF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      16264 | PA      | $16224.62     | 0.00%             | 2034-08-01      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                        | CUSIP: 31418FDM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    4550289 | PA      | $4602859.04   | 0.61%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                        | CUSIP: 31418FKP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   14043261 | PA      | $14379505.21  | 1.89%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                        | CUSIP: 31418FLQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1548401 | PA      | $1545624.11   | 0.20%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                        | CUSIP: 31418FPJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1805876 | PA      | $1871601.87   | 0.25%             | 2055-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                                                       | CUSIP: 31426TWA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    5202069 | PA      | $5388223.49   | 0.71%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                           | Federation des Caisses Desjardins du Quebec                                                                            | CUSIP: 31429KAL7<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |    2000000 | PA      | $2072102.90   | 0.27%             | 2029-04-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                                                       | CUSIP: 3142J6BV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1748896 | PA      | $1812547.38   | 0.24%             | 2055-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                      | FIGRE Trust 2023-HE2                                                                                                   | CUSIP: 316925AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     934727 | PA      | $956339.93    | 0.13%             | 2053-05-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Finance of America HECM Buyout                   | Finance of America HECM Buyout 2024-HB1                                                                                | CUSIP: 31737DAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     183927 | PA      | $183827.24    | 0.02%             | 2034-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust   | Finance Of America Structured Securities Trust Series 2024-S2                                                          | CUSIP: 31739VAA2<br>LEI: 2549004CLYOCOW3IBQ95 | Long             | ABS-O            | CORP              | US        |    2355044 | PA      | $2305332.19   | 0.30%             | 2074-04-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust   | Finance Of America Structured Securities Trust Series 2025-S1                                                          | CUSIP: 31741BAB0<br>LEI: 254900W0S6GNEJ457023 | Long             | ABS-MBS          | CORP              | US        |    2416082 | PA      | $2344933.39   | 0.31%             | 2075-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                             | FirstKey Homes 2021-SFR2 Trust                                                                                         | CUSIP: 33767TAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2235000 | PA      | $2181336.31   | 0.29%             | 2038-09-17      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                             | FirstKey Homes 2021-SFR1 Trust                                                                                         | CUSIP: 33767WAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1835000 | PA      | $1796872.19   | 0.24%             | 2038-08-17      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| Five Guys Funding, LLC                           | Five Guys Holdings Inc                                                                                                 | CUSIP: 33830JAE5<br>LEI: 549300XWT8G8Q3Z3HJ19 | Long             | ABS-O            | CORP              | US        |     608850 | PA      | $628202.60    | 0.08%             | 2054-01-26      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                                         | Flex Ltd                                                                                                               | CUSIP: 33938XAA3<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |    1790000 | PA      | $1814758.46   | 0.24%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                         | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    4000000 | PA      | $4019571.80   | 0.53%             | 2026-11-05      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                         | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1499733.51   | 0.20%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GLOBAL FUNDING                         | Fortitude Global Funding                                                                                               | CUSIP: 34967GAA2<br>LEI: 635400TKBOGEHNO5RT68 | Long             | DBT              | CORP              | US        |    1375000 | PA      | $1376011.00   | 0.18%             | 2028-10-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                            | Foundry JV Holdco LLC                                                                                                  | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3119747.16   | 0.41%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Achieve Mortgage                                 | FREED Mortgage Trust 2022-HE1                                                                                          | CUSIP: 35634KAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     963718 | PA      | $983457.44    | 0.13%             | 2037-10-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                              | Frontier Issuer LLC                                                                                                    | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     455000 | PA      | $460284.46    | 0.06%             | 2053-08-20      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| GCAT                                             | GCAT 2021-NQM1 Trust                                                                                                   | CUSIP: 36167TAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     763356 | PA      | $684744.21    | 0.09%             | 2066-01-25      | Variable      | 0.87%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                                                                     | CUSIP: 36179Y5L4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    5276590 | PA      | $5342743.12   | 0.70%             | 2054-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                                                                     | CUSIP: 36179Y5M2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    8965260 | PA      | $9156492.92   | 1.21%             | 2054-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                                                                     | CUSIP: 36179YYW8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    7940050 | PA      | $8032955.47   | 1.06%             | 2054-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                                                                     | CUSIP: 3618N5A33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    5963780 | PA      | $5963159.42   | 0.79%             | 2054-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                                                                     | CUSIP: 3618N5VS5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    9421611 | PA      | $9628409.67   | 1.27%             | 2055-09-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                                                                     | CUSIP: 3618N5XQ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   16897594 | PA      | $17093798.48  | 2.25%             | 2055-10-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GSMPS Mortgage Loan Trust                        | GSMPS Mortgage Loan Trust                                                                                              | CUSIP: 36228FAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      82311 | PA      | $80660.44     | 0.01%             | 2027-09-19      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER CALIFORNIA INC                          | Frontier California Inc                                                                                                | CUSIP: 362311AG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1975000 | PA      | $2004625.00   | 0.26%             | 2027-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Corp Trust 2018-LUAU                                                                            | CUSIP: 36256AAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1576513 | PA      | $1567281.13   | 0.21%             | 2032-11-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust              | GS Mortgage-Backed Securities Trust 2024-HE1                                                                           | CUSIP: 36270AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1878913 | PA      | $1882832.30   | 0.25%             | 2054-08-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                              | Georgia-Pacific LLC                                                                                                    | CUSIP: 37331NAR2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    1400000 | PA      | $1415316.53   | 0.19%             | 2028-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| GILDAN ACTIVEWEAR INC                            | Gildan Activewear Inc                                                                                                  | CUSIP: 375916AF0<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |    1085000 | PA      | $1082236.82   | 0.14%             | 2030-10-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                              | Global Payments Inc                                                                                                    | CUSIP: 37940XAW2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    2775000 | PA      | $2781507.13   | 0.37%             | 2030-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group Inc/The                                                                                            | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $2941039.53   | 0.39%             | 2027-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                                                                               | CUSIP: 38374K2T9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       7791 | PA      | $7766.79      | 0.00%             | 2035-04-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding               | GRACIE POINT INTERNATIONAL FUNDING 2023-2                                                                              | CUSIP: 38410JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     146293 | PA      | $146518.16    | 0.02%             | 2027-03-01      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding               | Gracie Point International Funding 2025-1 LLC                                                                          | CUSIP: 38411WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1545000 | PA      | $1544951.80   | 0.20%             | 2028-08-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOB FUND                          | Guardian Life Global Funding                                                                                           | CUSIP: 40139LBG7<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |    2815000 | PA      | $2897251.32   | 0.38%             | 2027-10-28      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                                  | HGI CRE CLO 2021-FL2 Ltd                                                                                               | CUSIP: 40390JAE2<br>LEI: 549300VYJ293N0KO2L78 | Long             | ABS-CBDO         | CORP              | KY        |     795297 | PA      | $793128.15    | 0.10%             | 2036-09-17      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| HAVN Trust                                       | HAVN Trust 2025-MOB                                                                                                    | CUSIP: 40408XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1005000 | PA      | $1005314.06   | 0.13%             | 2035-10-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FU                         | HPS Corporate Lending Fund                                                                                             | CUSIP: 40440VAS4<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |    1150000 | PA      | $1143311.04   | 0.15%             | 2030-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Trust                 | Harley-Davidson Motorcycle Trust 2023-B                                                                                | CUSIP: 41285YAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     755936 | PA      | $762394.40    | 0.10%             | 2028-08-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                      | Hertz Vehicle Financing III LLC                                                                                        | CUSIP: 42806MCE7<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    2454000 | PA      | $2564066.56   | 0.34%             | 2030-03-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Hudsons Bay Simon JV Trust                       | Hudsons Bay Simon JV Trust 2015-HBS                                                                                    | CUSIP: 44422PBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2215000 | PA      | $2212795.19   | 0.29%             | 2034-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                                                                                | CUSIP: 44891ABS5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    1115000 | PA      | $1111474.86   | 0.15%             | 2026-01-08      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                                                                                | CUSIP: 44891ACG0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    1080000 | PA      | $1088418.02   | 0.14%             | 2026-06-26      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                   | Hyundai Auto Receivables Trust 2024-A                                                                                  | CUSIP: 448973AF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2500000 | PA      | $2552721.25   | 0.34%             | 2031-01-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                | Imperial Fund Mortgage Trust 2021-NQM3                                                                                 | CUSIP: 452762AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1971599 | PA      | $1713803.30   | 0.23%             | 2056-11-25      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                | Imperial Fund Mortgage Trust 2022-NQM3                                                                                 | CUSIP: 45276KAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    4005000 | PA      | $3597629.82   | 0.47%             | 2067-05-25      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| Imprint Payments Credit Card Master Trust        | Imprint Payments Credit Card Master Trust                                                                              | CUSIP: 45333GAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2900000 | PA      | $2906162.79   | 0.38%             | 2029-09-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Indiana Secondary Market for Education Loans Inc | INDIANA ST SECONDARY MARKET FOR EDU LOANS INC                                                                          | CUSIP: 45505HAT4<br>LEI: 549300M19IK303TD4597 | Long             | DBT              | MUN               | US        |     415903 | PA      | $416335.88    | 0.05%             | 2044-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| iShares 0-5 Year High Yield Corporate Bond ETF   | iShares 0-5 Year High Yield Corporate Bond ETF                                                                         | CUSIP: 46434V407<br>LEI: 549300R96U5WQ7R5ID10 | Long             | EC               | RF                | US        |      52831 | NS      | $2275959.48   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE OF ISRAEL                                  | Israel Government International Bond                                                                                   | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    1910000 | PA      | $1975850.97   | 0.26%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                         | JP Morgan Mortgage Trust 2020-2                                                                                        | CUSIP: 46591TAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     773284 | PA      | $706351.09    | 0.09%             | 2050-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                         | JP Morgan Mortgage Trust Series 2025-7MPR                                                                              | CUSIP: 46594CAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1768749 | PA      | $1773026.48   | 0.23%             | 2056-02-25      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                                                                    | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     835000 | PA      | $830627.45    | 0.11%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                                                                    | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3051110.67   | 0.40%             | 2027-10-22      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                                                                    | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    3175000 | PA      | $3259899.53   | 0.43%             | 2030-01-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-PHH                                                        | CUSIP: 46650FAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     566915 | PA      | $479227.69    | 0.06%             | 2035-06-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                          | Jane Street Group / JSG Finance Inc                                                                                    | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1300000 | PA      | $1279343.13   | 0.17%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jonah Energy LLC                                 | Jonah Energy Abs I LLC                                                                                                 | CUSIP: 47987EAC1<br>LEI: 2549003KXV9PPFRCPA79 | Long             | ABS-O            | CORP              | US        |    1408752 | PA      | $1436382.19   | 0.19%             | 2037-12-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                              | Kinetik Holdings LP                                                                                                    | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    1400000 | PA      | $1440227.67   | 0.19%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                             | Kyndryl Holdings Inc                                                                                                   | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    3465000 | PA      | $3397060.64   | 0.45%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                              | LYB International Finance III LLC                                                                                      | CUSIP: 50249AAQ6<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |     905000 | PA      | $907983.34    | 0.12%             | 2031-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                             | Las Vegas Sands Corp                                                                                                   | CUSIP: 517834AK3<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    2200000 | PA      | $2301031.50   | 0.30%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                             | Las Vegas Sands Corp                                                                                                   | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1534274.06   | 0.20%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                           | Lendmark Funding Trust 2024-2                                                                                          | CUSIP: 52590AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3000000 | PA      | $3003563.70   | 0.40%             | 2034-02-21      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                    | Lendbuzz Securitization Trust 2024-3                                                                                   | CUSIP: 52609YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2362716 | PA      | $2361565.62   | 0.31%             | 2029-10-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                         | Lincoln Financial Global Funding                                                                                       | CUSIP: 53359KAC5<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |    3320000 | PA      | $3339888.39   | 0.44%             | 2030-08-18      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                         | Lloyds Banking Group PLC                                                                                               | CUSIP: 539439AX7<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    3650000 | PA      | $3788441.07   | 0.50%             | 2029-03-06      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                       | MFA 2020-NQM1 Trust                                                                                                    | CUSIP: 552754AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     202886 | PA      | $197713.23    | 0.03%             | 2049-08-25      | Variable      | 2.79%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                       | MFA 2021-NQM1 Trust                                                                                                    | CUSIP: 55283FAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     434122 | PA      | $411080.48    | 0.05%             | 2065-04-25      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2021-FL7 Ltd                                                                                                       | CUSIP: 55284AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      65762 | PA      | $65722.46     | 0.01%             | 2036-10-16      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2022-FL8 Ltd                                                                                                       | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     649345 | PA      | $649842.44    | 0.09%             | 2037-02-19      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| MNR ABS ISSUER I LLC                             | MNR ABS ISSUER I LLC                                                                                                   | CUSIP: 55317XAA7<br>LEI: 254900P5PAYARXBH9O74 | Long             | ABS-O            | CORP              | US        |     576464 | PA      | $586551.94    | 0.08%             | 2038-12-15      | Fixed         | 8.12%                 | No            |                  3 | On Loan: No      |
| MSD INVESTMENT CORP                              | MSD Investment Corp                                                                                                    | CUSIP: 55354LAA7<br>LEI: 549300K4HV7AOWFSAO65 | Long             | DBT              | CORP              | US        |    1950000 | PA      | $1956173.10   | 0.26%             | 2030-05-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                              | Macquarie Group Ltd                                                                                                    | CUSIP: 55608JAR9<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    1885000 | PA      | $1878437.11   | 0.25%             | 2027-01-12      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| MARS INC                                         | Mars Inc                                                                                                               | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    3400000 | PA      | $3443849.39   | 0.45%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                                       | MasTec Inc                                                                                                             | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    3620000 | PA      | $3612674.31   | 0.48%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MASTR Adjustable Rate Mortgages Trust            | MASTR Adjustable Rate Mortgages Trust 2002-3                                                                           | CUSIP: 576433BM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        637 | PA      | $641.36       | 0.00%             | 2032-10-25      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                       | Mattel Inc                                                                                                             | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    2485000 | PA      | $2486642.78   | 0.33%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                       | Mattel Inc                                                                                                             | CUSIP: 577081BG6<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |     505000 | PA      | $509534.44    | 0.07%             | 2030-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden National MTGE Asset Backed Certificates   | Merrill Lynch Mor Inv Golden National Mor Ln As Bk Cer 1998-gn1                                                        | CUSIP: 589929PL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      34322 | PA      | $34063.66     | 0.00%             | 2027-02-25      | Fixed         | 8.02%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust            | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MBE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3720000 | PA      | $3746118.86   | 0.49%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                           | Mitsubishi UFJ Financial Group Inc                                                                                     | CUSIP: 606822DK7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    1500000 | PA      | $1554233.58   | 0.20%             | 2031-04-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH                           | Molex Electronic Technologies LLC                                                                                      | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |    3630000 | PA      | $3671389.99   | 0.48%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                                                         | CUSIP: 61747YFA8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    2035000 | PA      | $2078432.94   | 0.27%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                                                         | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1541992.85   | 0.20%             | 2030-07-19      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                                                         | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    4265000 | PA      | $4350124.96   | 0.57%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                                                         | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    1795000 | PA      | $1856608.51   | 0.24%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                   | Morgan Stanley Capital I Trust 2014-150E                                                                               | CUSIP: 61764BAA1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    2530000 | PA      | $2290052.02   | 0.30%             | 2032-09-09      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| NBC Funding LLC                                  | NBC Funding LLC                                                                                                        | CUSIP: 62878YAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2163650 | PA      | $2208116.69   | 0.29%             | 2054-07-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NMI HOLDINGS                                     | NMI Holdings Inc                                                                                                       | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |    1405000 | PA      | $1453936.15   | 0.19%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                 | NTT Finance Corp                                                                                                       | CUSIP: 62954WAP0<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    3880000 | PA      | $3909255.12   | 0.51%             | 2027-07-16      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                          | NYMT Loan Trust 2022-CP1                                                                                               | CUSIP: 62955VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1627840 | PA      | $1533107.84   | 0.20%             | 2061-07-25      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                         | National Rural Utilities Cooperative Finance Corp                                                                      | CUSIP: 63743HFZ0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    3740000 | PA      | $3761260.37   | 0.50%             | 2028-08-25      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                | NatWest Group PLC                                                                                                      | CUSIP: 639057AL2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    3200000 | PA      | $3256021.57   | 0.43%             | 2028-03-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                | NatWest Group PLC                                                                                                      | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    2660000 | PA      | $2738168.28   | 0.36%             | 2031-05-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                       | Navient Private Education Refi Loan Trust 2021-E                                                                       | CUSIP: 63942EAA6<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    1374787 | PA      | $1235908.39   | 0.16%             | 2069-12-16      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust 2019-6                                                                             | CUSIP: 64828GAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     695287 | PA      | $663012.34    | 0.09%             | 2059-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust 2018-5                                                                             | CUSIP: 64829XAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     997844 | PA      | $986712.84    | 0.13%             | 2057-12-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                        | News Corp                                                                                                              | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $2894753.79   | 0.38%             | 2029-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER                             | Niagara Mohawk Power Corp                                                                                              | CUSIP: 653522DT6<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |    1875000 | PA      | $1888827.30   | 0.25%             | 2030-10-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                         | Northwestern Mutual Global Funding                                                                                     | CUSIP: 66815L2M0<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3070952.97   | 0.40%             | 2028-06-12      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                         | Octane Receivables Trust 2023-1                                                                                        | CUSIP: 67571BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      14601 | PA      | $14613.86     | 0.00%             | 2029-05-21      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                         | Octane Receivables Trust 2023-1                                                                                        | CUSIP: 67571BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     645000 | PA      | $648161.60    | 0.09%             | 2029-07-20      | Fixed         | 5.96%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                 | OneMain Financial Issuance Trust 2023-2                                                                                | CUSIP: 68269HAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     200000 | PA      | $201837.78    | 0.03%             | 2036-09-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| CADILLAC FAIRVIEW PRP TR                         | Ontario Teachers' Cadillac Fairview Properties Trust                                                                   | CUSIP: 68327LAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    2687000 | PA      | $2674440.64   | 0.35%             | 2027-03-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                      | Oracle Corp                                                                                                            | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    2810000 | PA      | $2768896.70   | 0.36%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                            | Blue Owl Capital Corp                                                                                                  | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    1260000 | PA      | $1275843.45   | 0.17%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                   | Pagaya AI Debt Trust 2023-8                                                                                            | CUSIP: 694960AA3<br>LEI: 254900ULYEY0HX0PKA54 | Long             | ABS-O            | CORP              | US        |     876033 | PA      | $886742.70    | 0.12%             | 2031-06-16      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                   | Pagaya AI Debt Grantor Trust 2025-7                                                                                    | CUSIP: 69545RAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3770000 | PA      | $3768571.17   | 0.50%             | 2033-05-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                   | Pagaya Ai Debt Grantor Trust 2025-6                                                                                    | CUSIP: 69549BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     980000 | PA      | $976230.63    | 0.13%             | 2033-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PARTNERRE FINANCE B LLC                          | PartnerRe Finance B LLC                                                                                                | CUSIP: 70213BAB7<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |    1616000 | PA      | $1585192.40   | 0.21%             | 2029-07-02      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                         | Piedmont Operating Partnership LP                                                                                      | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |     980000 | PA      | $1085390.81   | 0.14%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                  | Prestige Auto Receivables Trust 2024-2                                                                                 | CUSIP: 74113SAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1745000 | PA      | $1739128.42   | 0.23%             | 2029-02-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Prodigy Finance Designated Activity Co           | Prodigy Finance CM2021-1 DAC                                                                                           | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | IE        |     515794 | PA      | $514501.57    | 0.07%             | 2051-07-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE CORP                             | Protective Life Corp                                                                                                   | CUSIP: 743674BF9<br>LEI: 549300ZWIT8J8Y2EXL07 | Long             | DBT              | CORP              | US        |    1130000 | PA      | $1134645.53   | 0.15%             | 2031-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                           | Protective Life Global Funding                                                                                         | CUSIP: 74368CBC7<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    2370000 | PA      | $2347909.66   | 0.31%             | 2026-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                      | RCKT Mortgage Trust 2023-CES2                                                                                          | CUSIP: 748956AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     645620 | PA      | $651701.30    | 0.09%             | 2043-09-25      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                      | RCKT Mortgage Trust 2023-CES3                                                                                          | CUSIP: 749407AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1025026 | PA      | $1038649.41   | 0.14%             | 2043-11-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                       | ROCK Trust 2024-CNTR                                                                                                   | CUSIP: 74970WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    4205000 | PA      | $4360779.27   | 0.57%             | 2041-11-13      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                           | RR 5 Ltd                                                                                                               | CUSIP: 74979VAM5<br>LEI: 549300213Q1LH7O32902 | Long             | ABS-CBDO         | CORP              | KY        |    2500000 | PA      | $2506250.00   | 0.33%             | 2039-07-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER TSY                            | Reckitt Benckiser Treasury Services PLC                                                                                | CUSIP: 75625QAE9<br>LEI: 213800LAXWIUOOBZ3908 | Long             | DBT              | CORP              | GB        |    3430000 | PA      | $3379096.67   | 0.45%             | 2027-06-26      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                         | RenaissanceRe Holdings Ltd                                                                                             | CUSIP: 75968NAD3<br>LEI: EK6GB9U3U58PDI411C94 | Long             | DBT              | CORP              | BM        |    3175000 | PA      | $3112237.39   | 0.41%             | 2029-04-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                  | Residential Mortgage Loan Trust 2021-1R                                                                                | CUSIP: 76090NAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      89191 | PA      | $86478.58     | 0.01%             | 2065-01-25      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                               | RGA Global Funding                                                                                                     | CUSIP: 76209PAD5<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    1105000 | PA      | $1153789.41   | 0.15%             | 2031-01-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                               | RGA Global Funding                                                                                                     | CUSIP: 76209PAE3<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3110872.62   | 0.41%             | 2029-05-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                          | Royal Caribbean Cruises Ltd                                                                                            | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    2000000 | PA      | $1999123.22   | 0.26%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                  | SBA Tower Trust                                                                                                        | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              |  | US        |    2525000 | PA      | $2584977.34   | 0.34%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| SHR Trust                                        | SHR Trust 2024-LXRY                                                                                                    | CUSIP: 784234AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3370000 | PA      | $3372106.25   | 0.44%             | 2041-10-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| SDAL Trust                                       | SDAL Trust 2025-DAL                                                                                                    | CUSIP: 78437RAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3100000 | PA      | $3109520.72   | 0.41%             | 2042-04-15      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                           | SLM Student Loan Trust 2003-10                                                                                         | CUSIP: 78442GJH0<br>LEI: 5493000NQN5E3MSIIG77 | Long             | ABS-O            | CORP              | US        |    1212836 | PA      | $1207935.06   | 0.16%             | 2068-12-17      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                           | SLM Student Loan Trust 2013-1                                                                                          | CUSIP: 78447MAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     423492 | PA      | $419354.45    | 0.06%             | 2055-05-26      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                         | SMBC Aviation Capital Finance DAC                                                                                      | CUSIP: 78448TAH5<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    1005000 | PA      | $1031335.65   | 0.14%             | 2028-05-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                   | SWCH Commercial Mortgage Trust 2025-DATA                                                                               | CUSIP: 78489CAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2100000 | PA      | $2085580.56   | 0.27%             | 2042-02-15      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust          | Saluda Grade Alternative Mortgage Trust 2024-CES1                                                                      | CUSIP: 79581VAA0<br>LEI: 213800ETGZN4SIG56R83 | Long             | ABS-MBS          | CORP              | US        |    1828455 | PA      | $1850522.21   | 0.24%             | 2054-03-25      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                           | Santander Holdings USA Inc                                                                                             | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    2465000 | PA      | $2517257.06   | 0.33%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRUST 1/2                          | Scentre Group Trust 1 / Scentre Group Trust 2                                                                          | CUSIP: 80622GAD6<br>LEI: 549300SQ859FBKRKSI77 | Long             | DBT              |  | AU        |    2000000 | PA      | $1997124.16   | 0.26%             | 2026-01-28      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                           | Service Experts Issuer 2025-1 LLC                                                                                      | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1649887 | PA      | $1653202.16   | 0.22%             | 2037-01-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                           | Service Experts Issuer 2021-1 LLC                                                                                      | CUSIP: 81758VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     656135 | PA      | $645434.05    | 0.09%             | 2032-02-02      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                         | Delta Air Lines Inc / SkyMiles IP Ltd                                                                                  | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    1740000 | PA      | $1750568.19   | 0.23%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SOFTBANK CORP                                    | SoftBank Corp                                                                                                          | CUSIP: 83405KAA0<br>LEI: 353800M1YCTS9JRBJ535 | Long             | DBT              | CORP              | JP        |    2000000 | PA      | $2011566.98   | 0.26%             | 2030-07-09      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SYENSQO FINANCE AMERICA                          | Syensqo Finance America LLC                                                                                            | CUSIP: 834423AE5<br>LEI: 54930073OEL5K0Y7NK81 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3116297.97   | 0.41%             | 2029-06-04      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Sotheby's Artfi Master Trust 2024-A              | Sotheby's Artfi Master Trust                                                                                           | CUSIP: 83589CAA6<br>LEI: 9845002FA850DM72BA31 | Long             | ABS-O            | CORP              | US        |    3400000 | PA      | $3415260.56   | 0.45%             | 2031-12-22      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                              | SOUND POINT CLO VIII-R LTD                                                                                             | CUSIP: 83607HAN5<br>LEI: 549300RPMX5HA435Q562 | Long             | ABS-CBDO         | CORP              | KY        |     641396 | PA      | $641675.78    | 0.08%             | 2030-04-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                              | Southern California Edison Co                                                                                          | CUSIP: 842400JB0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $2004649.20   | 0.26%             | 2026-03-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Springcastle SPV                                 | SpringCastle America Funding LLC                                                                                       | CUSIP: 85022WAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     376610 | PA      | $355403.46    | 0.05%             | 2037-09-25      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                         | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC                                        | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1821000 | PA      | $1838065.67   | 0.24%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust              | Starwood Mortgage Residential Trust 2020-1                                                                             | CUSIP: 85573AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     976347 | PA      | $938691.84    | 0.12%             | 2050-02-25      | Variable      | 2.56%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust               | Starwood 2025-SIF5 LLC                                                                                                 | CUSIP: 85573WAA5<br>LEI: 2549003WQA28FWJYLM96 | Long             | ABS-CBDO         | CORP              | US        |    2625000 | PA      | $2631468.00   | 0.35%             | 2037-04-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                         | Store Master Funding I-VII                                                                                             | CUSIP: 86212VAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     935079 | PA      | $930179.76    | 0.12%             | 2048-10-20      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                               | Subway Funding LLC                                                                                                     | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1227600 | PA      | $1223079.49   | 0.16%             | 2054-07-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                         | Sumitomo Mitsui Financial Group Inc                                                                                    | CUSIP: 86562MDS6<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    3000000 | PA      | $3121264.80   | 0.41%             | 2030-04-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                      | Swedbank AB                                                                                                            | CUSIP: 87019DAA5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    3550000 | PA      | $3664089.33   | 0.48%             | 2030-05-21      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| TTX CO                                           | TTX Co                                                                                                                 | CUSIP: 87305QCQ2<br>LEI: 549300I8CNSYS1OGX775 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3029746.29   | 0.40%             | 2026-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TANGER PROPERTIES LP                             | Tanger Properties LP                                                                                                   | CUSIP: 875484AJ6<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              |  | US        |    3109000 | PA      | $3081964.94   | 0.41%             | 2026-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                          | Teva Pharmaceutical Finance Netherlands III BV                                                                         | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    2000000 | PA      | $1973510.00   | 0.26%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| TierPoint Issuer LLC                             | TierPoint Issuer LLC                                                                                                   | CUSIP: 88651CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2200000 | PA      | $2239615.84   | 0.30%             | 2055-04-26      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust 2017-4                                                                                       | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     147015 | PA      | $144291.69    | 0.02%             | 2057-06-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust 2019-4                                                                                       | CUSIP: 89178BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     627688 | PA      | $605209.48    | 0.08%             | 2059-10-25      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                              | Global Payments Inc                                                                                                    | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    3695000 | PA      | $3696693.82   | 0.49%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Truist Bank Auto Credit-Linked Notes             | Truist Bank Auto Credit-Linked Notes Series 2025-1                                                                     | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2743531 | PA      | $2745899.54   | 0.36%             | 2033-09-26      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                           | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    2000000 | PA      | $1962679.68   | 0.26%             | 2027-08-10      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| UL SOLUTIONS INC                                 | UL Solutions Inc                                                                                                       | CUSIP: 903731AC1<br>LEI: 549300F7CUV5ESKV9P71 | Long             | DBT              | CORP              | US        |    1275000 | PA      | $1345977.34   | 0.18%             | 2028-10-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                              | United Airlines Inc                                                                                                    | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    2381000 | PA      | $2377998.04   | 0.31%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2020-1 B PTT                          | United Airlines 2020-1 Class B Pass Through Trust                                                                      | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     185591 | PA      | $185605.34    | 0.02%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                            | Mexico Government International Bond                                                                                   | CUSIP: 91087BBJ8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    2800000 | PA      | $2768192.00   | 0.36%             | 2031-03-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                       | US Bancorp                                                                                                             | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    1705000 | PA      | $1756096.65   | 0.23%             | 2031-02-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                       | US Bancorp                                                                                                             | CUSIP: 91159HJV3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    1600000 | PA      | $1652505.63   | 0.22%             | 2031-05-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CLG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   21480000 | PA      | $21556354.74  | 2.84%             | 2027-08-15      | Fixed         | 3.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CNL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   11500000 | PA      | $11535039.12  | 1.52%             | 2027-06-30      | Fixed         | 3.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CNP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   38000000 | PA      | $38203359.28  | 5.03%             | 2027-07-31      | Fixed         | 3.88%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   34940000 | PA      | $34995958.51  | 4.61%             | 2027-08-31      | Fixed         | 3.63%                 | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CPK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   13574000 | PA      | $13577181.47  | 1.79%             | 2028-11-15      | Fixed         | 3.50%                 | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                           | UnitedHealth Group Inc                                                                                                 | CUSIP: 91324PFP2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3053979.57   | 0.40%             | 2031-01-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                  | Venture XXIX CLO Ltd                                                                                                   | CUSIP: 92331EAF3<br>LEI: 549300ITFR7G25007V93 | Long             | ABS-CBDO         | CORP              | KY        |      73217 | PA      | $73219.61     | 0.01%             | 2030-09-07      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2021-R1                                                                                     | CUSIP: 92538BAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      37269 | PA      | $36141.82     | 0.00%             | 2063-10-25      | Variable      | 1.06%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2021-R3                                                                                     | CUSIP: 92538EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     504204 | PA      | $481759.93    | 0.06%             | 2064-04-25      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2021-2                                                                                      | CUSIP: 92538FAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3250626 | PA      | $2972087.59   | 0.39%             | 2066-02-25      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2021-8                                                                                      | CUSIP: 92538GAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1432679 | PA      | $1290196.27   | 0.17%             | 2066-11-25      | Variable      | 2.29%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD                                    | Videotron Ltd                                                                                                          | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    3515000 | PA      | $3426097.99   | 0.45%             | 2029-06-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                      | Vistra Operations Co LLC                                                                                               | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    2840000 | PA      | $2849093.68   | 0.38%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                         | Vistra Operations Co LLC                                                                                               | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     355000 | PA      | $352170.65    | 0.05%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                         | Vistra Operations Co LLC                                                                                               | CUSIP: 92840VAX0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    1225000 | PA      | $1221857.88   | 0.16%             | 2028-10-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                         | Volkswagen Group of America Finance LLC                                                                                | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    3495000 | PA      | $3510124.26   | 0.46%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WEA FINANCE LLC                                  | WEA Finance LLC                                                                                                        | CUSIP: 92928QAH1<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              |  | US        |    1612000 | PA      | $1582049.15   | 0.21%             | 2027-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP INC                                   | Weir Group Inc                                                                                                         | CUSIP: 94877DAA2<br>LEI: 2138009WEPEV2V98AV65 | Long             | DBT              | CORP              | US        |    1300000 | PA      | $1341288.44   | 0.18%             | 2030-05-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                                                                       | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $2978233.05   | 0.39%             | 2028-03-24      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                                                                       | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    3820000 | PA      | $3894938.16   | 0.51%             | 2029-04-23      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                   | ALLSPRING GOVERNMENT MONEY MAR                                                                                         | CUSIP: 000000000<br>LEI: 549300GFSYYLVYEWA041 | Long             | STIV             | RF                | US        |   22153131 | NS      | $22153131.20  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Long: SPED05UQ1 CDS USD R F  5.00000 SPED05UQ1_FEE CCPCDX / Short: SPED05UQ1 CDS USD P V 03MEVENT SPED05UQ1_PRO CCPCDX | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    1785000 | OU      | $139159.96    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                         | Brazil Notas do Tesouro Nacional Serie F                                                                               | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   20300000 | PA      | $3834640.09   | 0.51%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORP                         | Queensland Treasury Corp                                                                                               | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |    1515000 | PA      | $955778.19    | 0.13%             | 2030-08-21      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| NEW S WALES TREASURY CRP                         | New South Wales Treasury Corp                                                                                          | CUSIP: 000000000<br>LEI: TC7LRO17HPNPLTAV0H77 | Long             | DBT              | NUSS              | AU        |    1520000 | PA      | $959609.74    | 0.13%             | 2029-04-20      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                             | Colombian TES                                                                                                          | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 8300000000 | PA      | $2028386.06   | 0.27%             | 2027-11-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AEDAS HOMES OPCO SL                              | Aedas Homes Opco SL                                                                                                    | CUSIP: 000000000<br>LEI: 959800NRD7BJBYEDBG71 | Long             | DBT              | CORP              | ES        |     400000 | PA      | $464264.68    | 0.06%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                            | Athene Global Funding                                                                                                  | CUSIP: 000000000<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1368838.21   | 0.18%             | 2026-09-10      | Fixed         | 0.37%                 | Yes           |                  2 | On Loan: No      |
| MARKET BIDCO FINCO PLC                           | Market Bidco Finco PLC                                                                                                 | CUSIP: 000000000<br>LEI: 549300UGYX6EBVHRVG53 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $265060.10    | 0.03%             | 2027-11-04      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                 | Duke Energy Corp                                                                                                       | CUSIP: 000000000<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    1640000 | PA      | $1919140.46   | 0.25%             | 2028-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                                   | Czech Republic Government Bond                                                                                         | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |   19590000 | PA      | $974651.61    | 0.13%             | 2030-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Singapore Government Bonds                       | Singapore Government Bonds                                                                                             | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |    1175000 | PA      | $930080.26    | 0.12%             | 2027-09-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ICELAND BONDCO PLC                               | Iceland Bondco PLC                                                                                                     | CUSIP: 000000000<br>LEI: 2138002DRBYIA8QXHO36 | Long             | DBT              | CORP              | GB        |     284000 | PA      | $397907.90    | 0.05%             | 2027-12-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                              | Worldline SA/France                                                                                                    | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |     800000 | PA      | $815876.24    | 0.11%             | 2028-09-12      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| VALEO SE                                         | Valeo SE                                                                                                               | CUSIP: 000000000<br>LEI: 5493006IH2N2WMIBB742 | Long             | DBT              | CORP              | FR        |     400000 | PA      | $499043.62    | 0.07%             | 2029-04-12      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| TUI AG                                           | TUI AG                                                                                                                 | CUSIP: 000000000<br>LEI: 529900SL2WSPV293B552 | Long             | DBT              | CORP              | DE        |     500000 | PA      | $601540.62    | 0.08%             | 2029-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| VERISURE HOLDING AB                              | Verisure Holding AB                                                                                                    | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | DBT              | CORP              | SE        |     369000 | PA      | $443691.93    | 0.06%             | 2030-05-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AMBER FINCO PLC                                  | Amber Finco PLC                                                                                                        | CUSIP: 000000000<br>LEI: 9845004C0870D380O790 | Long             | DBT              | CORP              | GB        |     400000 | PA      | $487174.41    | 0.06%             | 2029-07-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| ESSENDI SA                                       | Essendi SA                                                                                                             | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |    1000000 | PA      | $1215666.92   | 0.16%             | 2029-10-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| EUROPEAN UNION                                   | European Union                                                                                                         | CUSIP: 000000000<br>LEI: 529900FZRK8FGMPEOM08 | Long             | DBT              | NUSS              | XX        |    1650000 | PA      | $1933937.57   | 0.25%             | 2028-07-04      | Fixed         | 2.63%                 | Yes           |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                          | Mexican Bonos                                                                                                          | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   17915000 | PA      | $989509.83    | 0.13%             | 2030-02-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| French Republic Government Bonds OAT             | French Republic Government Bonds OAT                                                                                   | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    3850000 | PA      | $4459305.95   | 0.59%             | 2031-02-25      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| HEIDELBERG MATERIALS FIN                         | Heidelberg Materials Finance Luxembourg SA                                                                             | CUSIP: 000000000<br>LEI: 529900RYHTCF5X9DD509 | Long             | DBT              | CORP              | LU        |    1600000 | PA      | $1861133.44   | 0.25%             | 2030-07-10      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Eurex Deutschland                                | EURO-SCHATZ FUT DEC25                                                                                                  | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -109 | NC      | $14367.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR NOTE (CBT)MAR26                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -110 | NC      | $-5089.70     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | US 5YR NOTE (CBT) MAR26                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -1145 | NC      | $-23059.16    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | US 2YR NOTE (CBT) MAR26                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       1368 | NC      | $126069.41    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| U.K. Gilts                                       | U.K. Gilts                                                                                                             | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     640000 | PA      | $801169.52    | 0.11%             | 2028-10-22      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| EUTELSAT SA                                      | Eutelsat SA                                                                                                            | CUSIP: 000000000<br>LEI: 549300MCOOY1V7P2PG30 | Long             | DBT              | CORP              | FR        |     400000 | PA      | $443634.10    | 0.06%             | 2028-10-13      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Spain Government Bonds                           | Spain Government Bonds                                                                                                 | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     870000 | PA      | $950695.75    | 0.13%             | 2030-10-31      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                             | Lorca Telecom Bondco SA                                                                                                | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |     500000 | PA      | $580992.54    | 0.08%             | 2027-09-18      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| U.K. Gilts                                       | U.K. Gilts                                                                                                             | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    1560000 | PA      | $2085401.68   | 0.27%             | 2029-07-22      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer