# EDGAR Filing Document

**Accession Number:** 0001087961
**File Stem:** 0001752724-23-015218
**Filing Date:** 2023-1
**Character Count:** 271005
**Document Hash:** 979719ed65d06492e9e9246833213731
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015218.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-015218

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230228

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09689
- **FILM NUMBER:** 23558268

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO MASTER TRUST
- **DATE OF NAME CHANGE:** 20021209

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

## Series and Classes Contracts Data

### Allspring Bloomberg US Aggregate ex-Corporate Portfolio (Series ID: S000057909)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000188019 | Bloomberg US Aggregate ex-Corporate Portfolio |  |

## Nport-Ex

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Agency securities: 39.86%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FFCB | 0.30% | &nbsp;&nbsp;&nbsp;&nbsp;3-28-2024 | $&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;$94264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FFCB | 0.48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9-3-2024 | &nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 64999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FFCB | 0.57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-2-2024 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 46782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FFCB | 1.55 | &nbsp;&nbsp;&nbsp;&nbsp;7-26-2030 | &nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp; 131435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FFCB | 1.57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-5-2028 | &nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp; 313854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FFCB | 1.79 | &nbsp;&nbsp;&nbsp;&nbsp;6-22-2035 | &nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp; 130065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FFCB | 4.25 | &nbsp;&nbsp;&nbsp;&nbsp;9-30-2025 | &nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 29963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB | 0.38 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2024 | &nbsp;&nbsp;&nbsp; 610000 | &nbsp;&nbsp;&nbsp;&nbsp; 576490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB | 0.96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-5-2026 | &nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 26901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2024 | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 9499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;12-8-2023 | &nbsp;&nbsp;&nbsp; 480000 | &nbsp;&nbsp;&nbsp;&nbsp; 468460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB | 2.75 | &nbsp;&nbsp;12-13-2024 | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 9664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;9-13-2024 | &nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp; 58264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;3-10-2028 | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 9466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2036 | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 11136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB | 5.63 | &nbsp;&nbsp;&nbsp;&nbsp;3-14-2036 | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 11152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 0.38 | &nbsp;&nbsp;&nbsp;&nbsp;7-21-2025 | &nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp; 244443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 0.62 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2025 | &nbsp;&nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp;&nbsp; 411706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2035 | &nbsp;&nbsp;&nbsp; 804996 | &nbsp;&nbsp;&nbsp;&nbsp; 706194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2037 | &nbsp;&nbsp;&nbsp; 2384146 | &nbsp;&nbsp;&nbsp;&nbsp; 2090655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2051 | &nbsp;&nbsp;&nbsp; 3042286 | &nbsp;&nbsp;&nbsp;&nbsp; 2375710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2032 | &nbsp;&nbsp;&nbsp; 1507541 | &nbsp;&nbsp;&nbsp;&nbsp; 1425208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2047 | &nbsp;&nbsp;&nbsp; 2768511 | &nbsp;&nbsp;&nbsp;&nbsp; 2499252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;784485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-1-2050 | &nbsp;&nbsp;&nbsp;&nbsp;1961842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1767583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-1-2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;973617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2044 | &nbsp;&nbsp;&nbsp;&nbsp;4738814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4471923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 4.00 | &nbsp;&nbsp;11-25-2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 6.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-1-2040 | &nbsp;&nbsp;&nbsp;&nbsp;1172584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1229283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC | 6.75 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC Series K032 Class A2 ±± | 3.31 | &nbsp;&nbsp;&nbsp;&nbsp;5-25-2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC Series K034 Class A2 ±± | 3.53 | &nbsp;&nbsp;&nbsp;&nbsp;7-25-2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC Series K035 Class A2 ±± | 3.46 | &nbsp;&nbsp;&nbsp;&nbsp;8-25-2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC Series K063 Class A2 ±± | 3.43 | &nbsp;&nbsp;&nbsp;&nbsp;1-25-2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC Series K070 Class A2 ±± | 3.30 | &nbsp;&nbsp;11-25-2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC Series K152 Class A1 | 2.83 | &nbsp;&nbsp;&nbsp;&nbsp;5-25-2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC Series K152 Class A2 | 3.08 | &nbsp;&nbsp;&nbsp;&nbsp;1-25-2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC Series K153 Class A3 ±± | 3.12 | &nbsp;&nbsp;10-25-2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLMC Series K155 Class A3 | 3.75 | &nbsp;&nbsp;&nbsp;&nbsp;4-25-2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 0.50 | &nbsp;&nbsp;&nbsp;&nbsp;11-7-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 0.63 | &nbsp;&nbsp;&nbsp;&nbsp;4-22-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;703622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2037 | &nbsp;&nbsp;&nbsp;&nbsp;2845512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2560764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-1-2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;775888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;662502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;816593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2052 | &nbsp;&nbsp;&nbsp;16193224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13342090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2052 | &nbsp;&nbsp;&nbsp;&nbsp;6870035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5668563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2050 | &nbsp;&nbsp;&nbsp;&nbsp;3087301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2679395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA %% | 2.50 | &nbsp;&nbsp;12-13-2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903509 |

---

See accompanying notes to portfolio of investments

------

Allspring Bloomberg US Aggregate ex-Corporate Portfolio \| 1

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Agency securities (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.00% | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2030 | $&nbsp;&nbsp;&nbsp; 227913 | &nbsp;&nbsp;$219117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-1-2034 | &nbsp;&nbsp;&nbsp; 135059 | &nbsp;&nbsp;&nbsp;&nbsp; 127495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-1-2036 | &nbsp;&nbsp;&nbsp; 99061 | &nbsp;&nbsp;&nbsp;&nbsp; 94012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2037 | &nbsp;&nbsp;&nbsp; 548789 | &nbsp;&nbsp;&nbsp;&nbsp; 520816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-1-2043 | &nbsp;&nbsp;&nbsp; 1114016 | &nbsp;&nbsp;&nbsp;&nbsp; 1022244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2046 | &nbsp;&nbsp;&nbsp; 1253905 | &nbsp;&nbsp;&nbsp;&nbsp; 1150730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2047 | &nbsp;&nbsp;&nbsp; 618579 | &nbsp;&nbsp;&nbsp;&nbsp; 555613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA %% | 3.00 | &nbsp;&nbsp;12-13-2052 | &nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 442475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2034 | &nbsp;&nbsp;&nbsp; 1217840 | &nbsp;&nbsp;&nbsp;&nbsp; 1183277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-1-2035 | &nbsp;&nbsp;&nbsp; 80991 | &nbsp;&nbsp;&nbsp;&nbsp; 78209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2037 | &nbsp;&nbsp;&nbsp; 375054 | &nbsp;&nbsp;&nbsp;&nbsp; 361520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2042 | &nbsp;&nbsp;&nbsp; 231908 | &nbsp;&nbsp;&nbsp;&nbsp; 218677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-1-2042 | &nbsp;&nbsp;&nbsp; 352572 | &nbsp;&nbsp;&nbsp;&nbsp; 332571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9-1-2043 | &nbsp;&nbsp;&nbsp; 774168 | &nbsp;&nbsp;&nbsp;&nbsp; 729434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2048 | &nbsp;&nbsp;&nbsp; 228713 | &nbsp;&nbsp;&nbsp;&nbsp; 213489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA %% | 3.50 | &nbsp;&nbsp;12-13-2052 | &nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 457656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2042 | &nbsp;&nbsp;&nbsp; 294558 | &nbsp;&nbsp;&nbsp;&nbsp; 287725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-1-2043 | &nbsp;&nbsp;&nbsp; 1529818 | &nbsp;&nbsp;&nbsp;&nbsp; 1494324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2047 | &nbsp;&nbsp;&nbsp; 905466 | &nbsp;&nbsp;&nbsp;&nbsp; 877260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2048 | &nbsp;&nbsp;&nbsp; 1365861 | &nbsp;&nbsp;&nbsp;&nbsp; 1342530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2048 | &nbsp;&nbsp;&nbsp; 241552 | &nbsp;&nbsp;&nbsp;&nbsp; 232768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-1-2048 | &nbsp;&nbsp;&nbsp; 164038 | &nbsp;&nbsp;&nbsp;&nbsp; 157573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2050 | &nbsp;&nbsp;&nbsp; 393484 | &nbsp;&nbsp;&nbsp;&nbsp; 375621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA %% | 4.00 | &nbsp;&nbsp;12-13-2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-1-2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2047 | &nbsp;&nbsp;&nbsp;&nbsp;1124734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1117845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-1-2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9-1-2052 | &nbsp;&nbsp;&nbsp;&nbsp;1498860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1460379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-1-2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-1-2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;833691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;852549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9-1-2040 | &nbsp;&nbsp;&nbsp;&nbsp;1173768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1232378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 6.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-1-2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 6.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-6-2038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 6.25 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 7.13 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 7.25 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-1-2052 | &nbsp;&nbsp;&nbsp;13791470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11823614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA Series 2016-M5 Class A2 | 2.47 | &nbsp;&nbsp;&nbsp;&nbsp;4-25-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA Series 2016-M7 Class A2 | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;9-25-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA Series 2017-M1 Class A2 ±± | 2.50 | &nbsp;&nbsp;10-25-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA Series 2017-M11 Class A2 | 2.98 | &nbsp;&nbsp;&nbsp;&nbsp;8-25-2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA Series 2017-M5 Class A2 ±± | 3.20 | &nbsp;&nbsp;&nbsp;&nbsp;4-25-2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA Series 2018-M1 Class A2 ±± | 3.09 | &nbsp;&nbsp;12-25-2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA Series 2018-M13 Class A2 ±± | 3.87 | &nbsp;&nbsp;&nbsp;&nbsp;9-25-2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA Series 2019-M4 Class A2 | 3.61 | &nbsp;&nbsp;&nbsp;&nbsp;2-25-2031 | &nbsp;&nbsp;&nbsp;&nbsp;1770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1663412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FNMA Series 2019-M7 Class A2 | 3.14 | &nbsp;&nbsp;&nbsp;&nbsp;4-25-2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA %% | 2.00 | &nbsp;&nbsp;12-20-2052 | &nbsp;&nbsp;&nbsp;&nbsp;4820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4101519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;3-20-2052 | &nbsp;&nbsp;&nbsp;&nbsp;4666765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4103272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;4-20-2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;921681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;810352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;4-20-2045 | &nbsp;&nbsp;&nbsp;&nbsp;2131648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1974082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 3.00 | &nbsp;&nbsp;11-20-2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;3-20-2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 3.00 | &nbsp;&nbsp;12-20-2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175905 |

---

See accompanying notes to portfolio of investments

------

2 \| Allspring Bloomberg US Aggregate ex-Corporate Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Agency securities (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 3.00% | &nbsp;&nbsp;10-20-2050 | $&nbsp;&nbsp;&nbsp; 1352223 | &nbsp;&nbsp;$1233449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;2-20-2045 | &nbsp;&nbsp;&nbsp; 1062017 | &nbsp;&nbsp;&nbsp;&nbsp; 1004078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;6-20-2045 | &nbsp;&nbsp;&nbsp; 703321 | &nbsp;&nbsp;&nbsp;&nbsp; 664970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 3.50 | &nbsp;&nbsp;11-20-2045 | &nbsp;&nbsp;&nbsp; 812499 | &nbsp;&nbsp;&nbsp;&nbsp; 766563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;7-20-2047 | &nbsp;&nbsp;&nbsp; 176486 | &nbsp;&nbsp;&nbsp;&nbsp; 165719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;5-20-2048 | &nbsp;&nbsp;&nbsp; 49634 | &nbsp;&nbsp;&nbsp;&nbsp; 46731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;8-20-2044 | &nbsp;&nbsp;&nbsp; 464099 | &nbsp;&nbsp;&nbsp;&nbsp; 450463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 4.00 | &nbsp;&nbsp;12-20-2047 | &nbsp;&nbsp;&nbsp; 1064829 | &nbsp;&nbsp;&nbsp;&nbsp; 1031662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GNMA | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;7-20-2052 | &nbsp;&nbsp;&nbsp; 974656 | &nbsp;&nbsp;&nbsp;&nbsp; 955179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TVA | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2027 | &nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp; 33340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TVA | 4.63 | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2060 | &nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp; 52212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TVA | 4.65 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2035 | &nbsp;&nbsp;&nbsp; 9000 | &nbsp;&nbsp;&nbsp;&nbsp; 9114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TVA | 5.38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2056 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 54588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TVA | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2038 | &nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 32073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TVA | 5.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2036 | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 11159 |
| &nbsp;&nbsp;**Total Agency securities (Cost $112,024,984)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**104344302** |
| &nbsp;&nbsp;**Asset-backed securities: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citibank Credit Card Issuance Trust Series 2018-A3 Class A3 | 3.29 | &nbsp;&nbsp;&nbsp;&nbsp;5-23-2025 | &nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp; 178426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citibank Credit Card Issuance Trust Series 2018-A7 Class A7 | 3.96 | &nbsp;&nbsp;10-13-2030 | &nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp;&nbsp;&nbsp; 124279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Credit Floorplan Master Owner Trust Series 2018-2 Class A | 3.17 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2025 | &nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 99426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Credit Floorplan Master Owner Trust Series 2019-2 Class A | 3.06 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2026 | &nbsp;&nbsp;&nbsp; 65000 | &nbsp;&nbsp;&nbsp;&nbsp; 62759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nissan Auto Receivables Owner Trust Series 2018-B Class A4 | 3.16 | &nbsp;&nbsp;12-16-2024 | &nbsp;&nbsp;&nbsp; 14525 | &nbsp;&nbsp;&nbsp;&nbsp; 14515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nissan Auto Receivables Owner Trust Series 2018-C Class A4 | 3.27 | &nbsp;&nbsp;&nbsp;&nbsp;6-16-2025 | &nbsp;&nbsp;&nbsp; 33728 | &nbsp;&nbsp;&nbsp;&nbsp; 33697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synchrony Credit Card Master Note Trust Series 2018-2 Class A | 3.47 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;World Omni Auto Receivables Trust Series 2018-D Class A4 | 3.44 | &nbsp;&nbsp;12-16-2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22255 |
| &nbsp;&nbsp;**Total Asset-backed securities (Cost $663,834)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**639495** |
| &nbsp;&nbsp;**Municipal obligations: 0.85%** |  |  |  |  |
| &nbsp;&nbsp;**California: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;**Education revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;California Series B | 3.90 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;University of California Series AD | 4.86 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60751 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**73545** |
| &nbsp;&nbsp;**GO revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;California Build America Bonds Various Purpose | 1.75 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;California Build America Bonds Various Purpose | 7.35 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;California Build America Bonds Various Purpose | 7.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;California Build America Bonds Various Purpose | 7.60 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Los Angeles CA Community College District Build America Bonds | 6.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-1-2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6029 |

---

See accompanying notes to portfolio of investments

------

Allspring Bloomberg US Aggregate ex-Corporate Portfolio \| 3

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**GO revenue (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Los Angeles CA Unified School District Build America Bonds | 5.75% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-1-2034 | $&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;$15869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Los Angeles CA Unified School District Build America Bonds | 5.76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-1-2029 | &nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp; 62375 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **402351** |
| &nbsp;&nbsp;**Health revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;University of California Series AD | 3.26 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2060 | &nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp; **60794** |
| &nbsp;&nbsp;**Transportation revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bay Area CA Toll Authority Series 1 | 6.26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2049 | &nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 114585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bay Area CA Toll Authority Series 1 | 6.92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2040 | &nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 17688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bay Area CA Toll Authority Series 1 | 7.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2050 | &nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp; 75439 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **207712** |
| &nbsp;&nbsp;**Utilities revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Los Angeles CA Department of Water & Power Build America Bonds Series D | 6.57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-1-2045 | &nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp; **65271** |
| &nbsp;&nbsp;**Florida: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;**Miscellaneous revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Florida Board of Administrative Finance Corporation Series A | 2.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-1-2030 | &nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; **161390** |
| &nbsp;&nbsp;**Georgia: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;**Utilities revenue: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal Electric Authority of Georgia Build America Bonds | 7.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2057 | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; **10000** |
| &nbsp;&nbsp;**Illinois: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;**GO revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Illinois Taxable Pension | 5.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2033 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; **48198** |
| &nbsp;&nbsp;**Miscellaneous revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Illinois Build America Bonds Series 3 | 6.73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2035 | &nbsp;&nbsp;&nbsp; 45000 | &nbsp;&nbsp;&nbsp;&nbsp; **46194** |
| &nbsp;&nbsp;**Tax revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chicago IL Transit Authority Series B | 6.90 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**129749** |
| &nbsp;&nbsp;**Kansas: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;**Miscellaneous revenue: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kansas Development Finance Authority Series H | 4.93 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4735** |
| &nbsp;&nbsp;**Massachusetts: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;**GO revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Massachusetts Build America Bonds Series A | 4.91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-1-2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Massachusetts Build America Bonds Series D | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-1-2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4897 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**134988** |
| &nbsp;&nbsp;**New Jersey: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;**Transportation revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Jersey Transportation Trust | 6.56 | &nbsp;&nbsp;12-15-2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Jersey Turnpike Authority Build America Bonds Series A | 7.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-1-2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85602 |

---

See accompanying notes to portfolio of investments

------

4 \| Allspring Bloomberg US Aggregate ex-Corporate Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Transportation revenue (continued)** |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **150118** |
| &nbsp;&nbsp;**New York: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;**Airport revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Port Authority of New York & New Jersey Consolidated Bonds Series 201 | 4.23% | &nbsp;&nbsp;10-15-2057 | $&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;$86642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Port Authority of New York & New Jersey Consolidated Bonds Series 210 | 4.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9-1-2048 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 42437 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **129079** |
| &nbsp;&nbsp;**Tax revenue: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New York Metropolitan Transportation Authority Dedicated Tax Fund Build America Bonds | 7.34 | &nbsp;&nbsp;11-15-2039 | &nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp;&nbsp;&nbsp; **172343** |
| &nbsp;&nbsp;**Water & sewer revenue: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New York NY Municipal Water Finance Authority Series AA | 5.44 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2043 | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; **10643** |
| &nbsp;&nbsp;**Ohio: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;**Education revenue: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ohio State University Build America Bonds | 4.91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2040 | &nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; **5098** |
| &nbsp;&nbsp;**Oregon: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;**Tax revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oregon Department of Transportation Build America Bonds Series A | 5.83 | &nbsp;&nbsp;11-15-2034 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; **53830** |
| &nbsp;&nbsp;**Pennsylvania: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;**Transportation revenue: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission Series B | 5.51 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2045 | &nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; **5137** |
| &nbsp;&nbsp;**Texas: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;**Airport revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dallas Fort Worth TX International Airport Refunding Bonds Series 2021C | 2.84 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2046 | &nbsp;&nbsp;&nbsp; 170000 | &nbsp;&nbsp;&nbsp;&nbsp; **121963** |
| &nbsp;&nbsp;**GO revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Transportation Commission | 2.56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**67005** |
| &nbsp;&nbsp;**Transportation revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grand Parkway Transportation Corporation Series 2013E | 5.18 | &nbsp;&nbsp;&nbsp;&nbsp;10-1-2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Private Activity Bond North Tarrant Express Managed Lanes Project Series B | 3.92 | &nbsp;&nbsp;12-31-2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38524 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**89471** |
| &nbsp;&nbsp;**Wisconsin: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;**Tax revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wisconsin General Fund Annual Appropriations Series C | 3.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-1-2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**75639** |
| &nbsp;&nbsp;**Total Municipal obligations (Cost $2,682,573)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2225253** |
| &nbsp;&nbsp;**Non-agency mortgage-backed securities: 0.74%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benchmark Mortgage Trust Series 2018-B1 Class A4 | 3.40 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benchmark Mortgage Trust Series 2018-B6 Class A4 | 4.26 | &nbsp;&nbsp;10-10-2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CFCRE Commercial Mortgage Trust Series 2016-C7 Class A3 | 3.84 | &nbsp;&nbsp;12-10-2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18789 |

---

See accompanying notes to portfolio of investments

------

Allspring Bloomberg US Aggregate ex-Corporate Portfolio \| 5

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Non-agency mortgage-backed securities (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Commercial Mortgage Trust Series 2015-GC27 Class A5 | 3.14% | &nbsp;&nbsp;&nbsp;&nbsp;2-10-2048 | $&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;$52184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Commercial Mortgage Trust Series 2016-GC36 Class B ±± | 4.91 | &nbsp;&nbsp;&nbsp;&nbsp;2-10-2049 | &nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 35808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Commercial Mortgage Trust Series 2016-GC36 Class C ±± | 4.91 | &nbsp;&nbsp;&nbsp;&nbsp;2-10-2049 | &nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp; 77494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Commercial Mortgage Trust Series 2016-GC37 Class B | 4.23 | &nbsp;&nbsp;&nbsp;&nbsp;4-10-2049 | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp; 100595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Commercial Mortgage Trust Series 2016-P4 Class A4 | 2.90 | &nbsp;&nbsp;&nbsp;&nbsp;7-10-2049 | &nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp; 123600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage Trust Series 2013-CR6 Class A4 | 3.10 | &nbsp;&nbsp;&nbsp;&nbsp;3-10-2046 | &nbsp;&nbsp;&nbsp; 35276 | &nbsp;&nbsp;&nbsp;&nbsp; 35169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage Trust Series 2014-UBS5 Class C ±± | 4.77 | &nbsp;&nbsp;&nbsp;&nbsp;9-10-2047 | &nbsp;&nbsp;&nbsp; 195000 | &nbsp;&nbsp;&nbsp;&nbsp; 175153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage Trust Series 2014-UBS6 Class C ±± | 4.58 | &nbsp;&nbsp;12-10-2047 | &nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp; 55055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage Trust Series 2015-CR23 Class A3 | 3.23 | &nbsp;&nbsp;&nbsp;&nbsp;5-10-2048 | &nbsp;&nbsp;&nbsp; 52996 | &nbsp;&nbsp;&nbsp;&nbsp; 50512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage Trust Series 2016-COR1 Class C ±± | 4.47 | &nbsp;&nbsp;10-10-2049 | &nbsp;&nbsp;&nbsp; 65000 | &nbsp;&nbsp;&nbsp;&nbsp; 57629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage Trust Series 2016-CR28 Class A4 | 3.76 | &nbsp;&nbsp;&nbsp;&nbsp;2-10-2049 | &nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp;&nbsp;&nbsp; 203741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Mortgage Securities Trust Series 2014-GC18 Class B ±± | 4.89 | &nbsp;&nbsp;&nbsp;&nbsp;1-10-2047 | &nbsp;&nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp; 73165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Mortgage Securities Trust Series 2018-GS10 Class AAB ±± | 4.11 | &nbsp;&nbsp;&nbsp;&nbsp;7-10-2051 | &nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp; 174251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Mortgage Securities Trust Series 2018-GS9 Class A4 ±± | 3.99 | &nbsp;&nbsp;&nbsp;&nbsp;3-10-2051 | &nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp;&nbsp;&nbsp; 131719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase Commercial Mortgage Securities Trust Series 2013-C15 Class A4 | 4.10 | &nbsp;&nbsp;11-15-2045 | &nbsp;&nbsp;&nbsp; 9687 | &nbsp;&nbsp;&nbsp;&nbsp; 9591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase Commercial Mortgage Securities Trust Series 2015-C29 Class A4 | 3.61 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2048 | &nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 189834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase Commercial Mortgage Securities Trust Series 2015-C31 Class A3 | 3.80 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2048 | &nbsp;&nbsp;&nbsp; 169285 | &nbsp;&nbsp;&nbsp;&nbsp; 160884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C22 Class A4 | 3.31 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2048 | &nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp; 56717 |
| &nbsp;&nbsp;**Total Non-agency mortgage-backed securities (Cost $2,111,472)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1934588** |
| &nbsp;&nbsp;**U.S. Treasury securities: 52.81%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TIPS | 2.75 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2032 | &nbsp;&nbsp;&nbsp; 3035000 | &nbsp;&nbsp;&nbsp;&nbsp; 2811169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 1.13 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2040 | &nbsp;&nbsp;&nbsp; 7075000 | &nbsp;&nbsp;&nbsp;&nbsp; 4527447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 1.38 | &nbsp;&nbsp;11-15-2040 | &nbsp;&nbsp;&nbsp; 735000 | &nbsp;&nbsp;&nbsp;&nbsp; 487426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 1.63 | &nbsp;&nbsp;11-15-2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 1.88 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 1.88 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2051 | &nbsp;&nbsp;&nbsp;&nbsp;2065000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1361609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2050 | &nbsp;&nbsp;&nbsp;&nbsp;1865000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1273955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2051 | &nbsp;&nbsp;&nbsp;&nbsp;2940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1998052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.25 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.25 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.38 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2051 | &nbsp;&nbsp;&nbsp;&nbsp;1920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1427850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.75 | &nbsp;&nbsp;11-15-2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.75 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.75 | &nbsp;&nbsp;11-15-2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;605000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.88 | &nbsp;&nbsp;11-15-2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536156 |

---

See accompanying notes to portfolio of investments

------

6 \| Allspring Bloomberg US Aggregate ex-Corporate Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**U.S. Treasury securities (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.00% | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2042 | $&nbsp;&nbsp;&nbsp; 145000 | &nbsp;&nbsp;$125074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2045 | &nbsp;&nbsp;&nbsp; 105000 | &nbsp;&nbsp;&nbsp;&nbsp; 88458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.00 | &nbsp;&nbsp;11-15-2045 | &nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp; 29462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2047 | &nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp; 260412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2047 | &nbsp;&nbsp;&nbsp; 5961000 | &nbsp;&nbsp;&nbsp;&nbsp; 5011198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2048 | &nbsp;&nbsp;&nbsp; 435000 | &nbsp;&nbsp;&nbsp;&nbsp; 366471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2049 | &nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp; 271488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.13 | &nbsp;&nbsp;11-15-2041 | &nbsp;&nbsp;&nbsp; 1090000 | &nbsp;&nbsp;&nbsp;&nbsp; 963841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.13 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2043 | &nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp; 414734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.13 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2044 | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp; 95068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.13 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2048 | &nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 215928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.38 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2044 | &nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 18045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.63 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2043 | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp; 103679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.63 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2044 | &nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp; 32918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.75 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2041 | &nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp; 34044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.75 | &nbsp;&nbsp;11-15-2043 | &nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 335863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 3.88 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2040 | &nbsp;&nbsp;&nbsp; 1040000 | &nbsp;&nbsp;&nbsp;&nbsp; 1037156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 4.25 | &nbsp;&nbsp;11-15-2040 | &nbsp;&nbsp;&nbsp; 480000 | &nbsp;&nbsp;&nbsp;&nbsp; 502069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 5.25 | &nbsp;&nbsp;11-15-2028 | &nbsp;&nbsp;&nbsp; 5975000 | &nbsp;&nbsp;&nbsp;&nbsp; 6406087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2028 | &nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp; 297559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 6.13 | &nbsp;&nbsp;11-15-2027 | &nbsp;&nbsp;&nbsp; 245000 | &nbsp;&nbsp;&nbsp;&nbsp; 269567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 6.38 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2027 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 55232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bond | 6.88 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2025 | &nbsp;&nbsp;&nbsp; 895000 | &nbsp;&nbsp;&nbsp;&nbsp; 955692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.25 | &nbsp;&nbsp;11-15-2023 | &nbsp;&nbsp;&nbsp;&nbsp;3105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2974736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2024 | &nbsp;&nbsp;&nbsp;&nbsp;2690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2543626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2024 | &nbsp;&nbsp;&nbsp;&nbsp;1265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1188062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;5-31-2025 | &nbsp;&nbsp;&nbsp;&nbsp;1790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1624145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;6-30-2025 | &nbsp;&nbsp;&nbsp;&nbsp;1295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1173897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;8-31-2025 | &nbsp;&nbsp;&nbsp;&nbsp;3980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3581378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.50 | &nbsp;&nbsp;&nbsp;&nbsp;2-28-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.63 | &nbsp;&nbsp;&nbsp;&nbsp;7-31-2026 | &nbsp;&nbsp;&nbsp;&nbsp;3145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2786151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.63 | &nbsp;&nbsp;11-30-2027 | &nbsp;&nbsp;&nbsp;&nbsp;4585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3919100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.63 | &nbsp;&nbsp;12-31-2027 | &nbsp;&nbsp;&nbsp;&nbsp;2145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1829199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.63 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;870000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.63 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2030 | &nbsp;&nbsp;&nbsp;&nbsp;2100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1677539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.75 | &nbsp;&nbsp;11-15-2024 | &nbsp;&nbsp;&nbsp;&nbsp;5290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4931892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.75 | &nbsp;&nbsp;&nbsp;&nbsp;5-31-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.75 | &nbsp;&nbsp;&nbsp;&nbsp;8-31-2026 | &nbsp;&nbsp;&nbsp;&nbsp;3235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2873084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.75 | &nbsp;&nbsp;&nbsp;&nbsp;1-31-2028 | &nbsp;&nbsp;&nbsp;&nbsp;1615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1383159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 0.88 | &nbsp;&nbsp;&nbsp;&nbsp;6-30-2026 | &nbsp;&nbsp;&nbsp;&nbsp;1925000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1725657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp;7-31-2028 | &nbsp;&nbsp;&nbsp;&nbsp;2885000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2473775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.13 | &nbsp;&nbsp;&nbsp;&nbsp;2-28-2025 | &nbsp;&nbsp;&nbsp;&nbsp;1855000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1731092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.13 | &nbsp;&nbsp;&nbsp;&nbsp;8-31-2028 | &nbsp;&nbsp;&nbsp;&nbsp;3010000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2595537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.25 | &nbsp;&nbsp;&nbsp;&nbsp;8-31-2024 | &nbsp;&nbsp;&nbsp;&nbsp;6445000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6096819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.25 | &nbsp;&nbsp;&nbsp;&nbsp;3-31-2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.25 | &nbsp;&nbsp;&nbsp;&nbsp;9-30-2028 | &nbsp;&nbsp;&nbsp;&nbsp;2230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1933480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.25 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2031 | &nbsp;&nbsp;&nbsp;&nbsp;3115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2564278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.38 | &nbsp;&nbsp;10-31-2028 | &nbsp;&nbsp;&nbsp;&nbsp;1720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1499356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.38 | &nbsp;&nbsp;11-15-2031 | &nbsp;&nbsp;&nbsp;&nbsp;2455000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2030458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.50 | &nbsp;&nbsp;10-31-2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.50 | &nbsp;&nbsp;11-30-2028 | &nbsp;&nbsp;&nbsp;&nbsp;1595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1398803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.63 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2026 | &nbsp;&nbsp;&nbsp;&nbsp;1255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1158326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.75 | &nbsp;&nbsp;&nbsp;&nbsp;6-30-2024 | &nbsp;&nbsp;&nbsp;&nbsp;1655000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1585438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.88 | &nbsp;&nbsp;&nbsp;&nbsp;8-31-2024 | &nbsp;&nbsp;&nbsp;&nbsp;7235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6916773 |

---

See accompanying notes to portfolio of investments

------

Allspring Bloomberg US Aggregate ex-Corporate Portfolio \| 7

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**U.S. Treasury securities (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.88% | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2032 | $&nbsp;&nbsp;&nbsp; 2140000 | &nbsp;&nbsp;$1842741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 1.88 | &nbsp;&nbsp;11-15-2051 | &nbsp;&nbsp;&nbsp; 545000 | &nbsp;&nbsp;&nbsp;&nbsp; 358401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2025 | &nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp; 323624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2025 | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 9453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.13 | &nbsp;&nbsp;11-30-2023 | &nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 730752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.13 | &nbsp;&nbsp;11-30-2024 | &nbsp;&nbsp;&nbsp; 995000 | &nbsp;&nbsp;&nbsp;&nbsp; 952907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.13 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2025 | &nbsp;&nbsp;&nbsp; 880000 | &nbsp;&nbsp;&nbsp;&nbsp; 837306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.25 | &nbsp;&nbsp;12-31-2023 | &nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 14605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.25 | &nbsp;&nbsp;&nbsp;&nbsp;4-30-2024 | &nbsp;&nbsp;&nbsp; 1370000 | &nbsp;&nbsp;&nbsp;&nbsp; 1325636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.25 | &nbsp;&nbsp;11-15-2024 | &nbsp;&nbsp;&nbsp; 640000 | &nbsp;&nbsp;&nbsp;&nbsp; 614625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.25 | &nbsp;&nbsp;12-31-2024 | &nbsp;&nbsp;&nbsp; 1485000 | &nbsp;&nbsp;&nbsp;&nbsp; 1423918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.25 | &nbsp;&nbsp;11-15-2025 | &nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 18983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.25 | &nbsp;&nbsp;11-15-2027 | &nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 18563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.38 | &nbsp;&nbsp;&nbsp;&nbsp;3-31-2029 | &nbsp;&nbsp;&nbsp; 145000 | &nbsp;&nbsp;&nbsp;&nbsp; 133440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.38 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2029 | &nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 92004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;4-30-2024 | &nbsp;&nbsp;&nbsp; 2150000 | &nbsp;&nbsp;&nbsp;&nbsp; 2088020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;1-31-2025 | &nbsp;&nbsp;&nbsp; 1670000 | &nbsp;&nbsp;&nbsp;&nbsp; 1607832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;2-28-2026 | &nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp; 762375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.63 | &nbsp;&nbsp;12-31-2025 | &nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp; 91078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.63 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2029 | &nbsp;&nbsp;&nbsp; 3060000 | &nbsp;&nbsp;&nbsp;&nbsp; 2860622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.75 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2024 | &nbsp;&nbsp;&nbsp; 3940000 | &nbsp;&nbsp;&nbsp;&nbsp; 3852581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.75 | &nbsp;&nbsp;&nbsp;&nbsp;2-28-2025 | &nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp; 87093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.88 | &nbsp;&nbsp;11-30-2025 | &nbsp;&nbsp;&nbsp; 1145000 | &nbsp;&nbsp;&nbsp;&nbsp; 1106356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2028 | &nbsp;&nbsp;&nbsp;&nbsp;2295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2185988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2028 | &nbsp;&nbsp;&nbsp;&nbsp;2510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2387147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 3.13 | &nbsp;&nbsp;11-15-2028 | &nbsp;&nbsp;&nbsp;&nbsp;1910000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1838897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 6.00 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 6.50 | &nbsp;&nbsp;11-15-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 7.50 | &nbsp;&nbsp;11-15-2024 | &nbsp;&nbsp;&nbsp;&nbsp;1085000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1148701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Note | 7.63 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2025 | &nbsp;&nbsp;&nbsp;&nbsp;3660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3911625 |
| &nbsp;&nbsp;**Total U.S. Treasury securities (Cost $151,535,993)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**138227825** |
| &nbsp;&nbsp;**Yankee corporate bonds and notes: 2.48%** |  |  |  |  |
| &nbsp;&nbsp;**Energy: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;**Oil, gas & consumable fuels: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinor ASA | 1.75 | &nbsp;&nbsp;&nbsp;&nbsp;1-22-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinor ASA | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-6-2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinor ASA | 3.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-6-2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33482 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**236644** |
| &nbsp;&nbsp;**Financials: 2.39%** |  |  |  |  |
| &nbsp;&nbsp;**Banks: 2.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;African Development Bank | 0.88 | &nbsp;&nbsp;&nbsp;&nbsp;7-22-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asian Development Bank | 0.38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9-3-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asian Development Bank | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-4-2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asian Development Bank | 1.75 | &nbsp;&nbsp;&nbsp;&nbsp;9-19-2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asian Development Bank | 1.88 | &nbsp;&nbsp;&nbsp;&nbsp;1-24-2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asian Development Bank | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;4-24-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asian Development Bank | 2.13 | &nbsp;&nbsp;&nbsp;&nbsp;3-19-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asian Development Bank | 2.63 | &nbsp;&nbsp;&nbsp;&nbsp;1-12-2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asian Development Bank | 5.82 | &nbsp;&nbsp;&nbsp;&nbsp;6-16-2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asian Development Bank | 6.22 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86721 |

---

See accompanying notes to portfolio of investments

------

8 \| Allspring Bloomberg US Aggregate ex-Corporate Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Banks (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asian Infrastructure Investment Bank | 0.50% | &nbsp;&nbsp;&nbsp;&nbsp;5-28-2025 | $&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;$181764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;European Bank for Reconstruction & Development | 0.50 | &nbsp;&nbsp;&nbsp;&nbsp;5-19-2025 | &nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp; 109530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;European Investment Bank | 0.88 | &nbsp;&nbsp;&nbsp;&nbsp;5-17-2030 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 40521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;European Investment Bank | 1.25 | &nbsp;&nbsp;&nbsp;&nbsp;2-14-2031 | &nbsp;&nbsp;&nbsp; 170000 | &nbsp;&nbsp;&nbsp;&nbsp; 140444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;European Investment Bank | 1.88 | &nbsp;&nbsp;&nbsp;&nbsp;2-10-2025 | &nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 18987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;European Investment Bank | 2.25 | &nbsp;&nbsp;&nbsp;&nbsp;6-24-2024 | &nbsp;&nbsp;&nbsp; 640000 | &nbsp;&nbsp;&nbsp;&nbsp; 618575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;European Investment Bank | 3.25 | &nbsp;&nbsp;&nbsp;&nbsp;1-29-2024 | &nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 19703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inter-American Development Bank | 0.88 | &nbsp;&nbsp;&nbsp;&nbsp;4-20-2026 | &nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 26936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inter-American Development Bank | 1.13 | &nbsp;&nbsp;&nbsp;&nbsp;7-20-2028 | &nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp;&nbsp;&nbsp; 239946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inter-American Development Bank | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-2-2026 | &nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp; 242032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inter-American Development Bank | 2.13 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2025 | &nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 143378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inter-American Development Bank | 2.38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-7-2027 | &nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 27958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inter-American Development Bank | 3.13 | &nbsp;&nbsp;&nbsp;&nbsp;9-18-2028 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 47800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inter-American Development Bank | 7.00 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2025 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 53175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Bank for Reconstruction & Development | 0.38 | &nbsp;&nbsp;&nbsp;&nbsp;7-28-2025 | &nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp;&nbsp; 198963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Bank for Reconstruction & Development | 0.75 | &nbsp;&nbsp;&nbsp;&nbsp;8-26-2030 | &nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp;&nbsp;&nbsp; 102993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Bank for Reconstruction & Development | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;8-28-2024 | &nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 28492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Bank for Reconstruction & Development | 1.63 | &nbsp;&nbsp;&nbsp;&nbsp;11-3-2031 | &nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 158026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Bank for Reconstruction & Development | 1.88 | &nbsp;&nbsp;10-27-2026 | &nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp;&nbsp;&nbsp; 119425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Bank for Reconstruction & Development | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;3-19-2024 | &nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp; 155709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Bank for Reconstruction & Development | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;7-29-2025 | &nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 335071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Bank for Reconstruction & Development | 2.50 | &nbsp;&nbsp;11-22-2027 | &nbsp;&nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp; 74708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Bank for Reconstruction & Development | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;3-29-2032 | &nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 62483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Finance Corporation | 1.38 | &nbsp;&nbsp;10-16-2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Finance Corporation | 2.13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-7-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KfW ¤ | 0.00 | &nbsp;&nbsp;&nbsp;&nbsp;4-18-2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KfW ¤ | 0.00 | &nbsp;&nbsp;&nbsp;&nbsp;6-29-2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KfW | 0.50 | &nbsp;&nbsp;&nbsp;&nbsp;9-20-2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KfW | 0.63 | &nbsp;&nbsp;&nbsp;&nbsp;1-22-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KfW | 0.75 | &nbsp;&nbsp;&nbsp;&nbsp;9-30-2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KfW | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-2-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KfW | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-3-2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Korea Development Bank | 3.38 | &nbsp;&nbsp;&nbsp;&nbsp;9-16-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Landwirtschaftliche Rentenbank | 1.75 | &nbsp;&nbsp;&nbsp;&nbsp;7-27-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Landwirtschaftliche Rentenbank | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;1-13-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordic Investment Bank | 0.38 | &nbsp;&nbsp;&nbsp;&nbsp;9-20-2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oesterreichische Kontrollbank AG | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;2-12-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swedish Export Credit ¤ | 0.00 | &nbsp;&nbsp;&nbsp;&nbsp;5-11-2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swedish Export Credit | 4.63 | &nbsp;&nbsp;11-28-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swedish Export Credit | 2.25 | &nbsp;&nbsp;&nbsp;&nbsp;3-22-2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185272 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6264051** |
| &nbsp;&nbsp;**Total Yankee corporate bonds and notes (Cost $7,073,030)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6500695** |
| &nbsp;&nbsp;**Yankee government bonds: 1.91%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada Government | 1.63 | &nbsp;&nbsp;&nbsp;&nbsp;1-22-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Export Development Canada | 2.63 | &nbsp;&nbsp;&nbsp;&nbsp;2-21-2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Export-Import Bank of Korea | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;1-21-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan Bank for International Cooperation | 1.88 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan Bank for International Cooperation | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;5-29-2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oriental Republic of Uruguay | 4.38 | &nbsp;&nbsp;&nbsp;&nbsp;1-23-2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oriental Republic of Uruguay | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;8-14-2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oriental Republic of Uruguay | 4.98 | &nbsp;&nbsp;&nbsp;&nbsp;4-20-2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oriental Republic of Uruguay | 5.10 | &nbsp;&nbsp;&nbsp;&nbsp;6-18-2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Province of Alberta | 1.88 | &nbsp;&nbsp;11-13-2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199895 |

---

See accompanying notes to portfolio of investments

------

Allspring Bloomberg US Aggregate ex-Corporate Portfolio \| 9

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Yankee government bonds (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Province of British Columbia | &nbsp;&nbsp;7.25% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9-1-2036 | $&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;$124598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Province of Manitoba | &nbsp;&nbsp;3.05 | &nbsp;&nbsp;&nbsp;&nbsp;5-14-2024 | &nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 146618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Province of Ontario | &nbsp;&nbsp;2.00 | &nbsp;&nbsp;&nbsp;&nbsp;10-2-2029 | &nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp; 78432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Province of Ontario | &nbsp;&nbsp;2.30 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2026 | &nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 64911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Province of Ontario | &nbsp;&nbsp;2.50 | &nbsp;&nbsp;&nbsp;&nbsp;4-27-2026 | &nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 65701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Province of Ontario | &nbsp;&nbsp;3.20 | &nbsp;&nbsp;&nbsp;&nbsp;5-16-2024 | &nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 4899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Province of Quebec | &nbsp;&nbsp;2.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-9-2024 | &nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 68074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Province of Quebec | &nbsp;&nbsp;2.50 | &nbsp;&nbsp;&nbsp;&nbsp;4-20-2026 | &nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 70303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Province of Quebec | &nbsp;&nbsp;0.60 | &nbsp;&nbsp;&nbsp;&nbsp;7-23-2025 | &nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp; 81704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Chile | &nbsp;&nbsp;3.24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-6-2028 | &nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp; 196166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Chile | &nbsp;&nbsp;3.63 | &nbsp;&nbsp;10-30-2042 | &nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp; 134704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Hungary | &nbsp;&nbsp;5.38 | &nbsp;&nbsp;&nbsp;&nbsp;3-25-2024 | &nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; 18989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Hungary | &nbsp;&nbsp;7.63 | &nbsp;&nbsp;&nbsp;&nbsp;3-29-2041 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 54402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Indonesia | &nbsp;&nbsp;4.10 | &nbsp;&nbsp;&nbsp;&nbsp;4-24-2028 | &nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 217133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Italy | &nbsp;&nbsp;2.88 | &nbsp;&nbsp;10-17-2029 | &nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp;&nbsp;&nbsp; 177483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Italy | &nbsp;&nbsp;6.88 | &nbsp;&nbsp;&nbsp;&nbsp;9-27-2023 | &nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp; 60386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Korea | &nbsp;&nbsp;5.63 | &nbsp;&nbsp;&nbsp;&nbsp;11-3-2025 | &nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 101815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Panama | &nbsp;&nbsp;2.25 | &nbsp;&nbsp;&nbsp;&nbsp;9-29-2032 | &nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 150250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Panama | &nbsp;&nbsp;9.38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2029 | &nbsp;&nbsp;&nbsp; 185000 | &nbsp;&nbsp;&nbsp;&nbsp; 220749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Peru | &nbsp;&nbsp;2.84 | &nbsp;&nbsp;&nbsp;&nbsp;6-20-2030 | &nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp; 153867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Peru | &nbsp;&nbsp;3.23 | &nbsp;&nbsp;&nbsp;&nbsp;7-28-2121 | &nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 44732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Peru | &nbsp;&nbsp;3.60 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2072 | &nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 66348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Peru | &nbsp;&nbsp;5.63 | &nbsp;&nbsp;11-18-2050 | &nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 19904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Philippines | &nbsp;&nbsp;3.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-2-2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Philippines | &nbsp;&nbsp;9.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-2-2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Philippines | 10.63 | &nbsp;&nbsp;&nbsp;&nbsp;3-16-2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Poland | &nbsp;&nbsp;3.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-6-2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State of Israel | &nbsp;&nbsp;3.38 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State of Israel | &nbsp;&nbsp;5.50 | &nbsp;&nbsp;&nbsp;&nbsp;12-4-2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State of Israel | &nbsp;&nbsp;5.50 | &nbsp;&nbsp;&nbsp;&nbsp;9-18-2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Mexican States | &nbsp;&nbsp;4.35 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Mexican States | &nbsp;&nbsp;4.50 | &nbsp;&nbsp;&nbsp;&nbsp;1-31-2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Mexican States | &nbsp;&nbsp;4.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-8-2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Mexican States | &nbsp;&nbsp;5.75 | &nbsp;&nbsp;10-12-2110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Mexican States | &nbsp;&nbsp;6.05 | &nbsp;&nbsp;&nbsp;&nbsp;1-11-2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40120 |
| &nbsp;&nbsp;**Total Yankee government bonds (Cost $5,758,837)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5001195** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Yield** | &nbsp;&nbsp;**Shares** |  |
| &nbsp;&nbsp;**Short-term investments: 3.70%** |  |  |  |  |
| &nbsp;&nbsp;**Investment companies: 3.70%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Government Money Market Fund Select Class ♠∞## |  | 3.60 | &nbsp;&nbsp;&nbsp; 9680282 | &nbsp;&nbsp;&nbsp;&nbsp; 9680282 |
| &nbsp;&nbsp;**Total Short-term investments (Cost $9,680,282)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **9680282** |
| &nbsp;&nbsp;**Total investments in securities (Cost $291,531,005)** | 102.59% |  |  | &nbsp;&nbsp;&nbsp;&nbsp;268553635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets and liabilities, net | &nbsp;&nbsp;&nbsp;(2.59) |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (6792386) |
| &nbsp;&nbsp;**Total net assets** | **100.00%** |  |  | &nbsp;&nbsp;**$261761249** |

---

See accompanying notes to portfolio of investments

------

10 \| Allspring Bloomberg US Aggregate ex-Corporate Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| |
|:---|
| 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 and the actual prepayment speed of the underlying mortgages. The rate shown is the rate in effect at period end. |
| The security is issued in zero coupon form with no periodic interest payments. |
| All or a portion of this security is segregated for when-issued securities. |
| The issuer of the security is an affiliated person of the Portfolio as defined in the Investment Company Act of 1940. |
| The rate represents the 7-day annualized yield at period end. |
| The security is purchased on a when-issued basis. |

---

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| FFCB | &nbsp;&nbsp;&nbsp;Federal Farm Credit Banks |
| FHLB | &nbsp;&nbsp;&nbsp;Federal Home Loan Bank |
| FHLMC | &nbsp;&nbsp;&nbsp;Federal Home Loan Mortgage Corporation |
| FNMA | &nbsp;&nbsp;&nbsp;Federal National Mortgage Association |
| GNMA | &nbsp;&nbsp;&nbsp;Government National Mortgage Association |
| GO | &nbsp;&nbsp;&nbsp;General obligation |
| TIPS | &nbsp;&nbsp;&nbsp;Treasury Inflation-Protected Securities |
| TVA | &nbsp;&nbsp;&nbsp;Tennessee Valley Authority |

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value,<br> beginning of<br> period** | **Purchases** | **Sales<br> proceeds** | **Net<br> realized<br> gains<br> (losses)** | **Net<br> change in<br> unrealized<br> gains<br> (losses)** | **Value,<br> end of<br> period** | **Shares,<br> end<br> of period** | **Income<br> from<br> affiliated<br> securities** |
| &nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;**Short-term investments** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Government Money Market Fund Select Class | $100859173 | $161932427 | $(253111318) | $0 | $0 | $9680282 | 9680282 | $286100 |

---

See accompanying notes to portfolio of investments

------

Allspring Bloomberg US Aggregate ex-Corporate Portfolio \| 11

------

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

------

Securities valuation

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

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

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

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

When-issued transactions

The Portfolio may purchase securities on a forward commitment or when-issued basis. The Portfolio records a when-issued transaction on the trade date and will segregate assets in an amount at least equal in value to the Portfolio's commitment to purchase when-issued securities. Securities purchased on a when-issued basis are marked-to-market daily and the Portfolio 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.

Inflation-indexed bonds and TIPS

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

Fair valuation measurements

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

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

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

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

------

12 \| Allspring Bloomberg US Aggregate ex-Corporate Portfolio

------

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

------

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;Quoted prices<br> (Level 1) | &nbsp;&nbsp;&nbsp;&nbsp;Other significant<br> observable inputs<br> (Level 2) | &nbsp;&nbsp;&nbsp;&nbsp;Significant<br> unobservable inputs<br> (Level 3) | &nbsp;&nbsp;&nbsp;&nbsp;Total |
| &nbsp;&nbsp;&nbsp;&nbsp;**<u>Assets</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Investments in:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Agency securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$104344302 | &nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$104344302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Asset-backed securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Municipal obligations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2225253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2225253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Non-agency mortgage-backed securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1934588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1934588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**U.S. Treasury securities** | &nbsp;&nbsp;&nbsp;&nbsp;138227825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138227825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Yankee corporate bonds and notes** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6500695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6500695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Yankee government bonds** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5001195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5001195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Investment companies* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9680282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9680282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | &nbsp;&nbsp;**$147908107** | &nbsp;&nbsp;&nbsp;&nbsp;**$120645528** | &nbsp;&nbsp;&nbsp;&nbsp;**$0** | &nbsp;&nbsp;&nbsp;&nbsp;**$268553635** |

---

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

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

------

Allspring Bloomberg US Aggregate ex-Corporate Portfolio \| 13

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

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

- **a. Name of Series:** Allspring Bloomberg US Aggregate ex-Corporate Portfolio

- **b. EDGAR series identifier (if any):** S000057909

- **c. LEI of Series:** 5493005A0U8JNL00Z344

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $265743210.10

**Total Liabilities:** $3991632.63

**Net Assets:** $261751577.47

**Cash Not Reported:** $19.57

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -33.07000000 | **1-Year:** -1374.58000000 | **5-Year:** -3148.52000000 | **10-Year:** -3204.53000000 | **30-Year:** -1887.48000000

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

- **3-Month:** -0.75000000 | **1-Year:** -23.87000000 | **5-Year:** -126.74000000 | **10-Year:** -95.69000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000188019 | -4.09%               | -1.31%               | 3.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1645822.55             | $-9709227.80                               |
| Month 2  | $-2814600.84             | $-1016188.17                               |
| Month 3  | $-1342772.30             | $8931328.21                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Aggregate ex Corporate Index

- **Index Identifier:** US_Aggregate_Ex_Corp_NELSONJO3_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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828R36<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1255000 | PA      | $1158325.78   | 0.44%             | 2026-05-15      | Fixed         | 1.63%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Gold Pool                                        | CUSIP: 3132L6YH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    207692 | PA      | $195003.91    | 0.07%             | 2045-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140J5SS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    774168 | PA      | $729433.69    | 0.28%             | 2043-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140X8NW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3087301 | PA      | $2679394.77   | 1.02%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                        | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136XR7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     60000 | PA      | $64515.98     | 0.02%             | 2040-12-15      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179R4D8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    364703 | PA      | $336061.76    | 0.13%             | 2046-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    265000 | PA      | $218179.88    | 0.08%             | 2045-08-15      | Fixed         | 2.88%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3060000 | PA      | $2860621.88   | 1.09%             | 2029-02-15      | Fixed         | 2.63%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    270000 | PA      | $216622.27    | 0.08%             | 2047-08-15      | Fixed         | 2.75%                 | No            |                  1 | On Loan: No      |
| HUNGARY                                                               | Hungary Government International Bond                        | CUSIP: 445545AF3<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     50000 | PA      | $54401.90     | 0.02%             | 2041-03-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Republic of Chile                                                     | Chile Government International Bond                          | CUSIP: 168863CF3<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    210000 | PA      | $196166.04    | 0.07%             | 2028-02-06      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140XJGG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1498860 | PA      | $1460378.61   | 0.56%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                | Federal Home Loan Banks                                      | CUSIP: 313382GT4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |     10000 | PA      | $9465.81      | 0.00%             | 2028-03-10      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                             | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CPA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $6028.90      | 0.00%             | 2049-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae                                                   | CUSIP: 21H0206C4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4820000 | PA      | $4101518.75   | 1.57%             | 2052-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138WHUN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     99061 | PA      | $94011.84     | 0.04%             | 2036-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Gold Pool                                        | CUSIP: 3128MJ3M0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     43424 | PA      | $39011.43     | 0.01%             | 2048-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CCP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3145000 | PA      | $2786150.59   | 1.06%             | 2026-07-31      | Fixed         | 0.63%                 | No            |                  1 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                      | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137BPVM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    275321 | PA      | $257139.17    | 0.10%             | 2030-05-25      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179QL66<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    464099 | PA      | $450462.50    | 0.17%             | 2044-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SWEDISH EXPORT CREDIT                                                 | Svensk Exportkredit AB                                       | CUSIP: 00254ECJ9<br>LEI: 1FOLRR5RWTWWI397R131 | Long             | DBT              | NUSS              | SE        |     65000 | PA      | $33253.26     | 0.01%             | 2037-05-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California State University                                           | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DBY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $12794.08     | 0.00%             | 2047-11-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                                   | Nissan Auto Receivables 2018-B Owner Trust                   | CUSIP: 65479GAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14525 | PA      | $14515.22     | 0.01%             | 2024-12-16      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810ET1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3660000 | PA      | $3911625.00   | 1.49%             | 2025-02-15      | Fixed         | 7.63%                 | No            |                  1 | On Loan: No      |
| Fanniemae-Aces                                                        | Fannie Mae-Aces                                              | CUSIP: 3136AUG21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    215978 | PA      | $200686.98    | 0.08%             | 2026-10-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31418EBJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    816593 | PA      | $693680.44    | 0.27%             | 2042-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CAP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4220000 | PA      | $4053178.13   | 1.55%             | 2023-10-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179TNS0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1064829 | PA      | $1031662.37   | 0.39%             | 2047-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                            | JPMBB Commercial Mortgage Securities Trust 2015-C31          | CUSIP: 46644YAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    169285 | PA      | $160883.88    | 0.06%             | 2048-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                                 | Province of Ontario Canada                                   | CUSIP: 68323AFG4<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     90000 | PA      | $78432.30     | 0.03%             | 2029-10-02      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                     | World Omni Auto Receivables Trust 2018-D                     | CUSIP: 98162WAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     22266 | PA      | $22255.20     | 0.01%             | 2024-12-16      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                              | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133EMW40<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    270000 | PA      | $221795.75    | 0.08%             | 2030-07-26      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Pool                                             | CUSIP: 3133A8B63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    973617 | PA      | $876074.28    | 0.33%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                                                      | Peruvian Government International Bond                       | CUSIP: 715638DR0<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     75000 | PA      | $44731.96     | 0.02%             | 2121-07-28      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                          | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE         | CUSIP: 68607DNL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53830.00     | 0.02%             | 2034-11-15      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                             | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22  | CUSIP: 61690FAM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60000 | PA      | $56716.57     | 0.02%             | 2048-04-15      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| United Mexican States                                                 | Mexico Government International Bond                         | CUSIP: 91086QAV0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     40000 | PA      | $40120.00     | 0.02%             | 2040-01-11      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Republic of Poland                                                    | Republic of Poland Government International Bond             | CUSIP: 731011AU6<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     10000 | PA      | $9525.00      | 0.00%             | 2026-04-06      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                                            | Federal National Mortgage Association                        | CUSIP: 3135G06G3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |     20000 | PA      | $17974.30     | 0.01%             | 2025-11-07      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                   | Citigroup Commercial Mortgage Trust 2016-GC37                | CUSIP: 17290XAW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $100594.67    | 0.04%             | 2049-04-10      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CCC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1265000 | PA      | $1188062.31   | 0.45%             | 2024-05-15      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                               | Inter-American Development Bank                              | CUSIP: 4581X0DV7<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |     30000 | PA      | $26935.82     | 0.01%             | 2026-04-20      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179RF95<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    703321 | PA      | $664970.29    | 0.25%             | 2045-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Gold Pool                                        | CUSIP: 3128MJZM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2768511 | PA      | $2499252.34   | 0.95%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    315000 | PA      | $227636.72    | 0.09%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  1 | On Loan: No      |
| FANNIE MAE                                                            | Federal National Mortgage Association                        | CUSIP: 31359MEB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |     60000 | PA      | $70076.33     | 0.03%             | 2038-08-06      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CDL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1595000 | PA      | $1398802.54   | 0.53%             | 2028-11-30      | Fixed         | 1.50%                 | No            |                  1 | On Loan: No      |
| KFW                                                                   | Kreditanstalt fuer Wiederaufbau                              | CUSIP: 500769HS6<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    410000 | PA      | $388876.80    | 0.15%             | 2028-04-03      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    195000 | PA      | $128235.35    | 0.05%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  1 | On Loan: No      |
| Commonwealth of Massachusetts                                         | MASSACHUSETTS ST                                             | CUSIP: 57582PUT5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    130000 | PA      | $130091.29    | 0.05%             | 2029-05-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                               | International Bank for Reconstruction & Development          | CUSIP: 459058JE4<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    220000 | PA      | $198962.59    | 0.08%             | 2025-07-28      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                | Federal Home Loan Banks                                      | CUSIP: 3130A3GE8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |     10000 | PA      | $9663.57      | 0.00%             | 2024-12-13      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                              | Ford Credit Floorplan Master Owner Trust A                   | CUSIP: 34528QGW8<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |     65000 | PA      | $62759.40     | 0.02%             | 2026-04-15      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                                            | Federal National Mortgage Association                        | CUSIP: 3135G03U5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    650000 | PA      | $595288.02    | 0.23%             | 2025-04-22      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    555000 | PA      | $427891.99    | 0.16%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    265000 | PA      | $217931.44    | 0.08%             | 2046-11-15      | Fixed         | 2.88%                 | No            |                  1 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                   | Citigroup Commercial Mortgage Trust 2016-GC36                | CUSIP: 17324TAM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     95000 | PA      | $77493.77     | 0.03%             | 2049-02-10      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CBT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2535000 | PA      | $2279618.55   | 0.87%             | 2026-03-31      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CAJ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3980000 | PA      | $3581378.13   | 1.37%             | 2025-08-31      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828ZW3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1295000 | PA      | $1173897.27   | 0.45%             | 2025-06-30      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| COMM Mortgage Trust                                                   | COMM 2013-CCRE6 Mortgage Trust                               | CUSIP: 12624XAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     35276 | PA      | $35168.62     | 0.01%             | 2046-03-10      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                              | Benchmark 2018-B1 Mortgage Trust                             | CUSIP: 08162PAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25000 | PA      | $23776.27     | 0.01%             | 2051-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| OEKB OEST. KONTROLLBANK                                               | Oesterreichische Kontrollbank AG                             | CUSIP: 676167CA5<br>LEI: 5299000OVRLMF858L016 | Long             | DBT              | CORP              | AT        |    190000 | PA      | $178948.08    | 0.07%             | 2025-02-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CBR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2690000 | PA      | $2543626.18   | 0.97%             | 2024-03-15      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| Ohio State University/The                                             | OHIO ST UNIV                                                 | CUSIP: 677632MV0<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5097.87      | 0.00%             | 2040-06-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810SL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1865000 | PA      | $1273955.28   | 0.49%             | 2050-02-15      | Fixed         | 2.00%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    390000 | PA      | $283222.27    | 0.11%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138ERCL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     69696 | PA      | $72926.55     | 0.03%             | 2041-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544646XZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15869.22     | 0.01%             | 2034-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828XZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1270000 | PA      | $1227385.54   | 0.47%             | 2025-06-30      | Fixed         | 2.75%                 | No            |                  1 | On Loan: No      |
| Texas Transportation Commission                                       | TEXAS ST TRANSPRTN COMMISSION                                | CUSIP: 882830AP7<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |     90000 | PA      | $67005.32     | 0.03%             | 2042-04-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| United Mexican States                                                 | Mexico Government International Bond                         | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     54000 | PA      | $45342.22     | 0.02%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Republic of Peru                                                      | Peruvian Government International Bond                       | CUSIP: 715638BM3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     20000 | PA      | $19904.44     | 0.01%             | 2050-11-18      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                               | International Bank for Reconstruction & Development          | CUSIP: 459058JG9<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    130000 | PA      | $102992.50    | 0.04%             | 2030-08-26      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                              | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133EL5S9<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |     70000 | PA      | $64998.75     | 0.02%             | 2024-09-03      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                   | COMM 2016-CR28 Mortgage Trust                                | CUSIP: 12593YBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215000 | PA      | $203740.67    | 0.08%             | 2049-02-10      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $215927.74    | 0.08%             | 2048-05-15      | Fixed         | 3.13%                 | No            |                  1 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                              | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ENP95<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |     30000 | PA      | $29962.83     | 0.01%             | 2025-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CCS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3115000 | PA      | $2564277.72   | 0.98%             | 2031-08-15      | Fixed         | 1.25%                 | No            |                  1 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                              | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ELQ56<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |     50000 | PA      | $46781.55     | 0.02%             | 2024-07-02      | Fixed         | 0.57%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CEK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2150000 | PA      | $2088019.54   | 0.80%             | 2024-04-30      | Fixed         | 2.50%                 | No            |                  1 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                                              | Uruguay Government International Bond                        | CUSIP: 917288BK7<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     75000 | PA      | $74895.50     | 0.03%             | 2031-01-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                                 | Province of Ontario Canada                                   | CUSIP: 68323ADP6<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     70000 | PA      | $65701.38     | 0.03%             | 2026-04-27      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179VBF6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    192778 | PA      | $175905.00    | 0.07%             | 2049-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128282A7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    545000 | PA      | $498462.11    | 0.19%             | 2026-08-15      | Fixed         | 1.50%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810EV6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    895000 | PA      | $955692.19    | 0.37%             | 2025-08-15      | Fixed         | 6.88%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138W9HL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1529818 | PA      | $1494323.84   | 0.57%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                   | COMM 2014-UBS6 Mortgage Trust                                | CUSIP: 12592PBL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60000 | PA      | $55055.44     | 0.02%             | 2047-12-10      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CES6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3095000 | PA      | $2910750.78   | 1.11%             | 2029-05-31      | Fixed         | 2.75%                 | No            |                  1 | On Loan: No      |
| Asian Development Bank                                                | Asian Development Bank                                       | CUSIP: 045167AW3<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |     10000 | PA      | $10872.22     | 0.00%             | 2028-06-16      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128286T2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $92003.91     | 0.04%             | 2029-05-15      | Fixed         | 2.38%                 | No            |                  1 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                               | Inter-American Development Bank                              | CUSIP: 4581X0DX3<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    280000 | PA      | $239946.00    | 0.09%             | 2028-07-20      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                               | Landwirtschaftliche Rentenbank                               | CUSIP: 515110BR4<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |     10000 | PA      | $9172.39      | 0.00%             | 2026-07-27      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| European Investment Bank                                              | European Investment Bank                                     | CUSIP: 298785GJ9<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |     20000 | PA      | $19702.80     | 0.01%             | 2024-01-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2065000 | PA      | $1361609.38   | 0.52%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  1 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                               | Inter-American Development Bank                              | CUSIP: 4581X0CU0<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    260000 | PA      | $242032.30    | 0.09%             | 2026-06-02      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140J8A52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1253905 | PA      | $1150730.05   | 0.44%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138LXPQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    231908 | PA      | $218677.49    | 0.08%             | 2042-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810EW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    450000 | PA      | $475576.17    | 0.18%             | 2026-02-15      | Fixed         | 6.00%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    110000 | PA      | $103679.30    | 0.04%             | 2043-08-15      | Fixed         | 3.63%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138X2WP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1114016 | PA      | $1022243.67   | 0.39%             | 2043-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                | Federal Home Loan Banks                                      | CUSIP: 3133XGAY0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |     10000 | PA      | $11135.77     | 0.00%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp               | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $38523.71     | 0.01%             | 2049-12-31      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544646XY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $62375.18     | 0.02%             | 2029-07-01      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                                              | Uruguay Government International Bond                        | CUSIP: 760942BD3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     90000 | PA      | $86282.36     | 0.03%             | 2055-04-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CCR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2885000 | PA      | $2473774.81   | 0.95%             | 2028-07-31      | Fixed         | 1.00%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CBQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    460000 | PA      | $410711.72    | 0.16%             | 2026-02-28      | Fixed         | 0.50%                 | No            |                  1 | On Loan: No      |
| State of California                                                   | CALIFORNIA ST                                                | CUSIP: 13063DYT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $88652.88     | 0.03%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                | Federal Home Loan Banks                                      | CUSIP: 3130ALKS2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    610000 | PA      | $576490.33    | 0.22%             | 2024-03-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140J5DY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    614623 | PA      | $629466.33    | 0.24%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| European Investment Bank                                              | European Investment Bank                                     | CUSIP: 298785GS9<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |     20000 | PA      | $18986.64     | 0.01%             | 2025-02-10      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                   | COMM 2015-CCRE23 Mortgage Trust                              | CUSIP: 12593AAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     52996 | PA      | $50512.16     | 0.02%             | 2048-05-10      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| AID-ISRAEL                                                            | Israel Government AID Bond                                   | CUSIP: 46513EFG2<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |      6000 | PA      | $6643.77      | 0.00%             | 2033-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KFW                                                                   | Kreditanstalt fuer Wiederaufbau                              | CUSIP: 500769GQ1<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |     40000 | PA      | $37931.51     | 0.01%             | 2025-05-02      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                               | Landwirtschaftliche Rentenbank                               | CUSIP: 515110BN3<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |     30000 | PA      | $28535.16     | 0.01%             | 2025-01-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810QK7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1040000 | PA      | $1037156.24   | 0.40%             | 2040-08-15      | Fixed         | 3.88%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810QS0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     35000 | PA      | $34044.34     | 0.01%             | 2041-08-15      | Fixed         | 3.75%                 | No            |                  1 | On Loan: No      |
| PROVINCE OF ALBERTA                                                   | Province of Alberta Canada                                   | CUSIP: 013051EH6<br>LEI: LQPXMHHNJKIPJYE53543 | Long             | DBT              | NUSS              | CA        |    210000 | PA      | $199894.80    | 0.08%             | 2024-11-13      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                                     | International Finance Corp                                   | CUSIP: 45950VHX7<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    100000 | PA      | $93774.15     | 0.04%             | 2026-04-07      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CBJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1615000 | PA      | $1383159.18   | 0.53%             | 2028-01-31      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                      | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137BVZ82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     45000 | PA      | $43311.90     | 0.02%             | 2027-01-25      | Variable      | 3.43%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                        | ALLSPRING GOVERNMENT MONEY MAR                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   9680281 | NS      | $9680280.53   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810FE3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    275000 | PA      | $297558.59    | 0.11%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CBW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2060000 | PA      | $1846435.93   | 0.71%             | 2026-04-30      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                                       | CFCRE Commercial Mortgage Trust 2016-C7                      | CUSIP: 12532BAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20000 | PA      | $18788.88     | 0.01%             | 2054-12-10      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                  | KANSAS ST DEV FIN AUTH REVENUE                               | CUSIP: 485429Z72<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4734.57      | 0.00%             | 2045-04-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179RS91<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    812499 | PA      | $766563.00    | 0.29%             | 2045-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                              | Export-Import Bank of Korea                                  | CUSIP: 302154BT5<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $190607.98    | 0.07%             | 2025-01-21      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| State of California                                                   | CALIFORNIA ST                                                | CUSIP: 13063BJC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $19551.57     | 0.01%             | 2040-11-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128284V9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2510000 | PA      | $2387147.27   | 0.91%             | 2028-08-15      | Fixed         | 2.88%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31417CJL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    352572 | PA      | $332570.94    | 0.13%             | 2042-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                                 | Province of Ontario Canada                                   | CUSIP: 68323AFF6<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     70000 | PA      | $64911.22     | 0.02%             | 2026-06-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                                               | European Bank for Reconstruction & Development               | CUSIP: 29874QEG5<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    120000 | PA      | $109529.93    | 0.04%             | 2025-05-19      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                                 | Province of Ontario Canada                                   | CUSIP: 68323ACT9<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |      5000 | PA      | $4898.65      | 0.00%             | 2024-05-16      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     35000 | PA      | $29461.52     | 0.01%             | 2045-11-15      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                                              | Uruguay Government International Bond                        | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     35000 | PA      | $34447.29     | 0.01%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                | Asian Development Bank                                       | CUSIP: 045167AU7<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |     80000 | PA      | $86720.65     | 0.03%             | 2027-08-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                        | Fannie Mae-Aces                                              | CUSIP: 3136AR5S3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    220000 | PA      | $205036.88    | 0.08%             | 2026-04-25      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| KFW                                                                   | Kreditanstalt fuer Wiederaufbau                              | CUSIP: 500769BR4<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |     80000 | PA      | $46949.60     | 0.02%             | 2036-04-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                               | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024ND0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    100000 | PA      | $114585.37    | 0.04%             | 2049-04-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CCY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2230000 | PA      | $1933479.69   | 0.74%             | 2028-09-30      | Fixed         | 1.25%                 | No            |                  1 | On Loan: No      |
| INTL BK RECON & DEVELOP                                               | International Bank for Reconstruction & Development          | CUSIP: 459058FT5<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    130000 | PA      | $119424.99    | 0.05%             | 2026-10-27      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810FF0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5975000 | PA      | $6406086.93   | 2.45%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  1 | On Loan: No      |
| Chicago Transit Authority Sales & Transfer Tax Receipts Revenue       | CHICAGO IL TRANSIT AUTH SALES & TRANSFER TAX RECPTS REVENUE  | CUSIP: 167725AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $129748.91    | 0.05%             | 2040-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31418ED98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2845512 | PA      | $2560764.18   | 0.98%             | 2037-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810SX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1920000 | PA      | $1427850.01   | 0.55%             | 2051-05-15      | Fixed         | 2.38%                 | No            |                  1 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                                   | Nissan Auto Receivables 2018-C Owner Trust                   | CUSIP: 65478NAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     33728 | PA      | $33697.12     | 0.01%             | 2025-06-16      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                   | Citigroup Commercial Mortgage Trust 2016-P4                  | CUSIP: 29429EAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135000 | PA      | $123599.94    | 0.05%             | 2049-07-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| State of California                                                   | CALIFORNIA ST                                                | CUSIP: 13063A5E0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $123128.73    | 0.05%             | 2034-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| United Mexican States                                                 | Mexico Government International Bond                         | CUSIP: 91087BAB6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    225000 | PA      | $176943.02    | 0.07%             | 2047-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31418DLU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    393484 | PA      | $375620.63    | 0.14%             | 2050-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2100000 | PA      | $1677539.05   | 0.64%             | 2030-08-15      | Fixed         | 0.63%                 | No            |                  1 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                               | Inter-American Development Bank                              | CUSIP: 458182BV3<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |     50000 | PA      | $53174.58     | 0.02%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140QNDF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16193224 | PA      | $13342090.25  | 5.10%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                   | Citigroup Commercial Mortgage Trust 2016-GC36                | CUSIP: 17324TAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40000 | PA      | $35807.66     | 0.01%             | 2049-02-10      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31418CZJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17599 | PA      | $17380.94     | 0.01%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810QT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1090000 | PA      | $963841.01    | 0.37%             | 2041-11-15      | Fixed         | 3.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128283J7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    995000 | PA      | $952906.83    | 0.36%             | 2024-11-30      | Fixed         | 2.13%                 | No            |                  1 | On Loan: No      |
| GS Mortgage Securities Trust                                          | GS Mortgage Securities Trust 2018-GS9                        | CUSIP: 36255NAT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $131718.94    | 0.05%             | 2051-03-10      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                              | European Investment Bank                                     | CUSIP: 298785JL1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    170000 | PA      | $140443.80    | 0.05%             | 2031-02-14      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    105000 | PA      | $88458.40     | 0.03%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138ESAT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1124734 | PA      | $1117845.34   | 0.43%             | 2047-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CBS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    485000 | PA      | $425208.59    | 0.16%             | 2028-03-31      | Fixed         | 1.25%                 | No            |                  1 | On Loan: No      |
| CANADA GOVERNMENT                                                     | Canada Government International Bond                         | CUSIP: 135087K78<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    135000 | PA      | $127765.40    | 0.05%             | 2025-01-22      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Republic of Chile                                                     | Chile Government International Bond                          | CUSIP: 168863BP2<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    175000 | PA      | $134703.80    | 0.05%             | 2042-10-30      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179VVZ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1352223 | PA      | $1233449.02   | 0.47%             | 2050-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828YM6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    225000 | PA      | $213169.92    | 0.08%             | 2024-10-31      | Fixed         | 1.50%                 | No            |                  1 | On Loan: No      |
| AID-ISRAEL                                                            | Israel Government AID Bond                                   | CUSIP: 46513EGV8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    120000 | PA      | $120731.63    | 0.05%             | 2023-12-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                               | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207YS7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10000.46     | 0.00%             | 2057-04-01      | Fixed         | 7.06%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828XB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    880000 | PA      | $837306.25    | 0.32%             | 2025-05-15      | Fixed         | 2.13%                 | No            |                  1 | On Loan: No      |
| HUNGARY                                                               | Hungary Government International Bond                        | CUSIP: 445545AL0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     19000 | PA      | $18989.32     | 0.01%             | 2024-03-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CAM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1370000 | PA      | $1232625.39   | 0.47%             | 2025-09-30      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                                               | Philippine Government International Bond                     | CUSIP: 718286AY3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    150000 | PA      | $187873.84    | 0.07%             | 2030-02-02      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Pool                                             | CUSIP: 3133GAXT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    804996 | PA      | $706194.46    | 0.27%             | 2035-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2455000 | PA      | $2030457.61   | 0.78%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  1 | On Loan: No      |
| State of Illinois                                                     | ILLINOIS ST                                                  | CUSIP: 452151LF8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $48198.34     | 0.02%             | 2033-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                        | Fannie Mae-Aces                                              | CUSIP: 3136B3DE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     73220 | PA      | $70200.44     | 0.03%             | 2030-09-25      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance Trust                                   | Citibank Credit Card Issuance Trust                          | CUSIP: 17305EGM1<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $178426.35    | 0.07%             | 2025-05-23      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                                 | Mexico Government International Bond                         | CUSIP: 91087BAG5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    260000 | PA      | $207601.74    | 0.08%             | 2050-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828J27<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    340000 | PA      | $323624.22    | 0.12%             | 2025-02-15      | Fixed         | 2.00%                 | No            |                  1 | On Loan: No      |
| Los Angeles Department of Water & Power                               | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 544495VY7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     55000 | PA      | $65271.27     | 0.02%             | 2045-07-01      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140Q86L4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    905466 | PA      | $877260.23    | 0.34%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CCW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3235000 | PA      | $2873084.38   | 1.10%             | 2026-08-31      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| REPUBLIC OF PANAMA                                                    | Panama Government International Bond                         | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $150250.00    | 0.06%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                            | JPMBB Commercial Mortgage Securities Trust 2015-C29          | CUSIP: 46644RAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $189834.24    | 0.07%             | 2048-05-15      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| KFW                                                                   | Kreditanstalt fuer Wiederaufbau                              | CUSIP: 500769JJ4<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    190000 | PA      | $170317.37    | 0.07%             | 2026-01-22      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                               | International Bank for Reconstruction & Development          | CUSIP: 459058EP4<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    350000 | PA      | $335070.94    | 0.13%             | 2025-07-29      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                               | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WX90<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     50000 | PA      | $42436.58     | 0.02%             | 2048-09-01      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128284N7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2295000 | PA      | $2185987.50   | 0.84%             | 2028-05-15      | Fixed         | 2.88%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179W2U1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    921681 | PA      | $810352.43    | 0.31%             | 2052-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138EHGH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    934578 | PA      | $903509.18    | 0.35%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828B66<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3940000 | PA      | $3852581.25   | 1.47%             | 2024-02-15      | Fixed         | 2.75%                 | No            |                  1 | On Loan: No      |
| REPUBLIC OF PERU                                                      | Peruvian Government International Bond                       | CUSIP: 715638DW9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    100000 | PA      | $66348.45     | 0.03%             | 2072-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                         | MASSACHUSETTS ST                                             | CUSIP: 57582PWH9<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4897.19      | 0.00%             | 2031-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128285N6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1145000 | PA      | $1106356.25   | 0.42%             | 2025-11-30      | Fixed         | 2.88%                 | No            |                  1 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                               | Landwirtschaftliche Rentenbank                               | CUSIP: 515110BV5<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $196844.23    | 0.08%             | 2023-11-14      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| KFW                                                                   | Kreditanstalt fuer Wiederaufbau                              | CUSIP: 500769JP0<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    150000 | PA      | $139734.00    | 0.05%             | 2024-09-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128285M8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1910000 | PA      | $1838897.27   | 0.70%             | 2028-11-15      | Fixed         | 3.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810SY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $230519.53    | 0.09%             | 2041-05-15      | Fixed         | 2.25%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128286F2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $762375.00    | 0.29%             | 2026-02-28      | Fixed         | 2.50%                 | No            |                  1 | On Loan: No      |
| INTL BK RECON & DEVELOP                                               | International Bank for Reconstruction & Development          | CUSIP: 459056HV2<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |     30000 | PA      | $28491.86     | 0.01%             | 2024-08-28      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                | Asian Development Bank                                       | CUSIP: 045167DN0<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |     60000 | PA      | $55851.11     | 0.02%             | 2026-04-24      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                              | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133EMVH2<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    360000 | PA      | $313854.42    | 0.12%             | 2028-04-05      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138LUTA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    294558 | PA      | $287724.60    | 0.11%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                                                    | Panama Government International Bond                         | CUSIP: 698299AK0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    185000 | PA      | $220748.56    | 0.08%             | 2029-04-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                | Asian Development Bank                                       | CUSIP: 045167CY7<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |     60000 | PA      | $57044.22     | 0.02%             | 2025-03-19      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                              | African Development Bank                                     | CUSIP: 00828EEF2<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    140000 | PA      | $123360.44    | 0.05%             | 2026-07-22      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                                 | Tennessee Valley Authority                                   | CUSIP: 880591DZ2<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |     50000 | PA      | $54588.38     | 0.02%             | 2056-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                              | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ELM92<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    180000 | PA      | $130065.36    | 0.05%             | 2035-06-22      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31418CGF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    548789 | PA      | $520816.05    | 0.20%             | 2037-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CBB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2145000 | PA      | $1829199.03   | 0.70%             | 2027-12-31      | Fixed         | 0.63%                 | No            |                  1 | On Loan: No      |
| Fanniemae-Aces                                                        | Fannie Mae-Aces                                              | CUSIP: 3136AS4R4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    102252 | PA      | $95713.00     | 0.04%             | 2026-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Republic of Korea                                                     | Korea International Bond                                     | CUSIP: 50064FAE4<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |    100000 | PA      | $101814.65    | 0.04%             | 2025-11-03      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Synchrony Credit Card Master Note Trust                               | Synchrony Credit Card Master Note Trust                      | CUSIP: 87165LCC3<br>LEI: 549300G1V1M796QIYC04 | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $104137.97    | 0.04%             | 2026-05-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Gold Pool                                        | CUSIP: 31335AB49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4738814 | PA      | $4471923.22   | 1.71%             | 2044-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31418CR71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    618579 | PA      | $555612.93    | 0.21%             | 2047-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                      | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137BPVN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    125000 | PA      | $112510.68    | 0.04%             | 2031-01-25      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| University of California                                              | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GHA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $60751.42     | 0.02%             | 2112-05-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                     | ILLINOIS ST                                                  | CUSIP: 452152FA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     45000 | PA      | $46194.12     | 0.02%             | 2035-04-01      | Fixed         | 6.73%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128286Z8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1655000 | PA      | $1585438.28   | 0.61%             | 2024-06-30      | Fixed         | 1.75%                 | No            |                  1 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                      | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137FCJK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    425000 | PA      | $405968.67    | 0.16%             | 2027-11-25      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CAW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3105000 | PA      | $2974735.56   | 1.14%             | 2023-11-15      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                | Federal Home Loan Banks                                      | CUSIP: 3130AAHE1<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    480000 | PA      | $468460.20    | 0.18%             | 2023-12-08      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CAT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1905000 | PA      | $1707356.25   | 0.65%             | 2025-10-31      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828V23<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     15000 | PA      | $14605.08     | 0.01%             | 2023-12-31      | Fixed         | 2.25%                 | No            |                  1 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                                               | Philippine Government International Bond                     | CUSIP: 718286CB1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    215000 | PA      | $174535.35    | 0.07%             | 2042-02-02      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810EY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    745000 | PA      | $813214.06    | 0.31%             | 2026-11-15      | Fixed         | 6.50%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140X4QS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    311581 | PA      | $309511.93    | 0.12%             | 2048-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                          | GS Mortgage Securities Corp II                               | CUSIP: 36250SAF6<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |    180000 | PA      | $174251.29    | 0.07%             | 2051-07-10      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                        | Fannie Mae-Aces                                              | CUSIP: 3136B4QB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    191086 | PA      | $177172.29    | 0.07%             | 2029-04-25      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                                 | Tennessee Valley Authority                                   | CUSIP: 880591EJ7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |     55000 | PA      | $52211.89     | 0.02%             | 2060-09-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    310000 | PA      | $260412.11    | 0.10%             | 2047-02-15      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    350000 | PA      | $335863.28    | 0.13%             | 2043-11-15      | Fixed         | 3.75%                 | No            |                  1 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $60794.14     | 0.02%             | 2060-05-15      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179RBW8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2131648 | PA      | $1974081.80   | 0.75%             | 2045-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810QW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    145000 | PA      | $125073.83    | 0.05%             | 2042-05-15      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                   | Citigroup Commercial Mortgage Trust 2015-GC27                | CUSIP: 17323CAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     55000 | PA      | $52184.20     | 0.02%             | 2048-02-10      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| KFW                                                                   | Kreditanstalt fuer Wiederaufbau                              | CUSIP: 500769CH5<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |     50000 | PA      | $28185.90     | 0.01%             | 2037-06-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810FB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    245000 | PA      | $269566.99    | 0.10%             | 2027-11-15      | Fixed         | 6.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CDH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3010000 | PA      | $2806237.12   | 1.07%             | 2024-11-15      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2940000 | PA      | $1998051.58   | 0.76%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  1 | On Loan: No      |
| EQUINOR ASA                                                           | Equinor ASA                                                  | CUSIP: 29446MAE2<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |     70000 | PA      | $65582.75     | 0.03%             | 2027-04-06      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                              | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133EMBE1<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    100000 | PA      | $94263.71     | 0.04%             | 2024-03-28      | Fixed         | 0.30%                 | No            |                  2 | On Loan: No      |
| State of California                                                   | CALIFORNIA ST                                                | CUSIP: 13063BBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $86743.73     | 0.03%             | 2039-11-01      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                | Korea Development Bank/The                                   | CUSIP: 500630CG1<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    210000 | PA      | $200696.54    | 0.08%             | 2025-09-16      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CBC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2315000 | PA      | $2072558.01   | 0.79%             | 2025-12-31      | Fixed         | 0.38%                 | No            |                  1 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                      | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137B5KW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     54292 | PA      | $53652.08     | 0.02%             | 2023-08-25      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179WY93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4666765 | PA      | $4103272.22   | 1.57%             | 2052-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                    | WISCONSIN ST GEN FUND ANNUAL APPROP REVENUE                  | CUSIP: 977100GH3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     80000 | PA      | $75638.58     | 0.03%             | 2027-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                                                      | Peruvian Government International Bond                       | CUSIP: 715638DA7<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    180000 | PA      | $153866.65    | 0.06%             | 2030-06-20      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| ITALY GOV'T INT BOND                                                  | Republic of Italy Government International Bond              | CUSIP: 465410AH1<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     60000 | PA      | $60385.56     | 0.02%             | 2023-09-27      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                       | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972FT63<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10642.65     | 0.00%             | 2043-06-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Federal National Mortgage Association                        | CUSIP: 31359MEU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    100000 | PA      | $112699.00    | 0.04%             | 2029-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810QL5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    480000 | PA      | $502068.75    | 0.19%             | 2040-11-15      | Fixed         | 4.25%                 | No            |                  1 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                      | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137B4GY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     50000 | PA      | $49534.33     | 0.02%             | 2023-05-25      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                            | JPMBB Commercial Mortgage Securities Trust 2013-C15          | CUSIP: 46640NAD0<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |      9687 | PA      | $9591.19      | 0.00%             | 2045-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                               | Japan Bank for International Cooperation                     | CUSIP: 471048CM8<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |    210000 | PA      | $173181.44    | 0.07%             | 2031-04-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                         | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646139X83<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |     70000 | PA      | $85602.24     | 0.03%             | 2041-01-01      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                               | Inter-American Development Bank                              | CUSIP: 4581X0DC9<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |     50000 | PA      | $47799.82     | 0.02%             | 2028-09-18      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138EGVH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1173768 | PA      | $1232378.33   | 0.47%             | 2040-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Province of Quebec                                                    | Province of Quebec Canada                                    | CUSIP: 748149AJ0<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |     75000 | PA      | $70302.72     | 0.03%             | 2026-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810SR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7075000 | PA      | $4527447.30   | 1.73%             | 2040-05-15      | Fixed         | 1.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128286R6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1370000 | PA      | $1325635.55   | 0.51%             | 2024-04-30      | Fixed         | 2.25%                 | No            |                  1 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                               | Inter-American Development Bank                              | CUSIP: 4581X0CM8<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    150000 | PA      | $143377.71    | 0.05%             | 2025-01-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828U57<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $730751.96    | 0.28%             | 2023-11-30      | Fixed         | 2.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828G38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    640000 | PA      | $614625.00    | 0.23%             | 2024-11-15      | Fixed         | 2.25%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179TCX1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    176486 | PA      | $165718.69    | 0.06%             | 2047-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140Q82U8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    228713 | PA      | $213489.34    | 0.08%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                        | Fannie Mae-Aces                                              | CUSIP: 3136B35Z9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1770000 | PA      | $1663412.19   | 0.64%             | 2031-02-25      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828K74<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     10000 | PA      | $9453.13      | 0.00%             | 2025-08-15      | Fixed         | 2.00%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5961000 | PA      | $5011198.46   | 1.91%             | 2047-05-15      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CCV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3010000 | PA      | $2595537.12   | 0.99%             | 2028-08-31      | Fixed         | 1.13%                 | No            |                  1 | On Loan: No      |
| Metropolitan Transportation Authority                                 | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259NZH9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    140000 | PA      | $172342.86    | 0.07%             | 2039-11-15      | Fixed         | 7.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Gold Pool                                        | CUSIP: 31335AQL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1172584 | PA      | $1229283.42   | 0.47%             | 2040-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CCF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    260000 | PA      | $232415.63    | 0.09%             | 2026-05-31      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| INTL BK RECON & DEVELOP                                               | International Bank for Reconstruction & Development          | CUSIP: 459058KA0<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    190000 | PA      | $158026.33    | 0.06%             | 2031-11-03      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                              | Benchmark 2018-B6 Mortgage Trust                             | CUSIP: 08162CAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135000 | PA      | $128921.65    | 0.05%             | 2051-10-10      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128283Z1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     90000 | PA      | $87092.58     | 0.03%             | 2025-02-28      | Fixed         | 2.75%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Pool                                             | CUSIP: 3133GGX57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2384146 | PA      | $2090655.27   | 0.80%             | 2037-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                               | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024NU2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |     15000 | PA      | $17687.88     | 0.01%             | 2040-04-01      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                              | Ford Credit Floorplan Master Owner Trust A                   | CUSIP: 34528QGD0<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99426.48     | 0.04%             | 2025-03-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    645000 | PA      | $536156.25    | 0.20%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  1 | On Loan: No      |
| TENN VALLEY AUTHORITY                                                 | Tennessee Valley Authority                                   | CUSIP: 880591DX7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |      9000 | PA      | $9114.03      | 0.00%             | 2035-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31416WFW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    166647 | PA      | $167068.52    | 0.06%             | 2040-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138WGDX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    227913 | PA      | $219116.70    | 0.08%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     35000 | PA      | $32917.77     | 0.01%             | 2044-02-15      | Fixed         | 3.63%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Federal National Mortgage Association                        | CUSIP: 31359MFP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    130000 | PA      | $156700.95    | 0.06%             | 2030-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828ZC7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1855000 | PA      | $1731091.79   | 0.66%             | 2025-02-28      | Fixed         | 1.13%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Pool                                             | CUSIP: 3133A6UM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    784485 | PA      | $705898.36    | 0.27%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                               | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WF82<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    100000 | PA      | $86642.45     | 0.03%             | 2057-10-15      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                           | Federal Home Loan Mortgage Corp                              | CUSIP: 3134A4AA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |     70000 | PA      | $83068.99     | 0.03%             | 2031-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                      | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137BXHC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     70000 | PA      | $63510.07     | 0.02%             | 2031-10-25      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                                     | International Finance Corp                                   | CUSIP: 45950KCR9<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    100000 | PA      | $94391.77     | 0.04%             | 2024-10-16      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140HPC70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    135059 | PA      | $127494.89    | 0.05%             | 2034-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140HJJJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    164038 | PA      | $157573.49    | 0.06%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $76617.19     | 0.03%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    145000 | PA      | $133439.65    | 0.05%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                | Asian Development Bank                                       | CUSIP: 045167EW9<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $179547.14    | 0.07%             | 2025-09-03      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                              | European Investment Bank                                     | CUSIP: 298785JE7<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |     50000 | PA      | $40520.50     | 0.02%             | 2030-05-17      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140LVK99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    669100 | PA      | $521930.91    | 0.20%             | 2052-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    320000 | PA      | $271487.50    | 0.10%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                                               | Philippine Government International Bond                     | CUSIP: 718286AP2<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     55000 | PA      | $61931.86     | 0.02%             | 2025-03-16      | Fixed         | 10.63%                | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    270000 | PA      | $216622.27    | 0.08%             | 2047-11-15      | Fixed         | 2.75%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138ESB98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     80991 | PA      | $78208.94     | 0.03%             | 2035-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                | Asian Development Bank                                       | CUSIP: 045167ER0<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    110000 | PA      | $95977.53     | 0.04%             | 2030-01-24      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| KFW                                                                   | Kreditanstalt fuer Wiederaufbau                              | CUSIP: 500769JG0<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |     30000 | PA      | $23769.60     | 0.01%             | 2030-09-30      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Pool                                             | CUSIP: 3133A6ZT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1961842 | PA      | $1767582.64   | 0.68%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                               | International Bank for Reconstruction & Development          | CUSIP: 45906M3D1<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |     70000 | PA      | $62483.35     | 0.02%             | 2032-03-29      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CDF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1720000 | PA      | $1499356.25   | 0.57%             | 2028-10-31      | Fixed         | 1.38%                 | No            |                  1 | On Loan: No      |
| Asian Development Bank                                                | Asian Development Bank                                       | CUSIP: 045167DU4<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    180000 | PA      | $170507.60    | 0.07%             | 2027-01-12      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BRITISH COLUMBIA PROV OF                                              | Province of British Columbia Canada                          | CUSIP: 110709EC2<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |    100000 | PA      | $124597.96    | 0.05%             | 2036-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140GYKB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1365861 | PA      | $1342530.38   | 0.51%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                               | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350368N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $121963.17    | 0.05%             | 2046-11-01      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Federal National Mortgage Association                        | CUSIP: 31359MFJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |     20000 | PA      | $23801.61     | 0.01%             | 2030-01-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31418DLL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    730717 | PA      | $680026.98    | 0.26%             | 2035-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    110000 | PA      | $95068.36     | 0.04%             | 2044-08-15      | Fixed         | 3.13%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179RS83<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    174917 | PA      | $161441.89    | 0.06%             | 2045-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EXPORT DEVELOPMNT CANADA                                              | Export Development Canada                                    | CUSIP: 30216BHH8<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |    170000 | PA      | $165582.46    | 0.06%             | 2024-02-21      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                          | GS Mortgage Securities Trust 2014-GC18                       | CUSIP: 36252RBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80000 | PA      | $73165.48     | 0.03%             | 2047-01-10      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810FA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $55232.42     | 0.02%             | 2027-08-15      | Fixed         | 6.38%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128283F5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $18562.50     | 0.01%             | 2027-11-15      | Fixed         | 2.25%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128285T3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     95000 | PA      | $91077.54     | 0.03%             | 2025-12-31      | Fixed         | 2.63%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179Q3J8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1062016 | PA      | $1004078.36   | 0.38%             | 2045-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828M56<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $18982.81     | 0.01%             | 2025-11-15      | Fixed         | 2.25%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Gold Pool                                        | CUSIP: 3128MMV59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1507541 | PA      | $1425208.44   | 0.54%             | 2032-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    475000 | PA      | $414734.38    | 0.16%             | 2043-02-15      | Fixed         | 3.13%                 | No            |                  1 | On Loan: No      |
| ITALY GOV'T INT BOND                                                  | Republic of Italy Government International Bond              | CUSIP: 465410BY3<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    215000 | PA      | $177483.36    | 0.07%             | 2029-10-17      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                               | International Bank for Reconstruction & Development          | CUSIP: 459058GE7<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |     80000 | PA      | $74707.90     | 0.03%             | 2027-11-22      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140J5GF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    833691 | PA      | $852548.72    | 0.33%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179XBU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    974656 | PA      | $955178.52    | 0.36%             | 2052-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3138ENTM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    137257 | PA      | $140947.21    | 0.05%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                        | Fannie Mae-Aces                                              | CUSIP: 3136AX3J2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    865000 | PA      | $795583.84    | 0.30%             | 2029-08-25      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                                                           | Federal Home Loan Mortgage Corp                              | CUSIP: 3137EAEU9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    270000 | PA      | $244443.38    | 0.09%             | 2025-07-21      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                   | COMM 2014-UBS5 Mortgage Trust                                | CUSIP: 12592KBH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    195000 | PA      | $175152.74    | 0.07%             | 2047-09-10      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                                 | Indonesia Government International Bond                      | CUSIP: 455780CF1<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    225000 | PA      | $217133.20    | 0.08%             | 2028-04-24      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828WE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2040000 | PA      | $2001271.86   | 0.76%             | 2023-11-15      | Fixed         | 2.75%                 | No            |                  1 | On Loan: No      |
| State Board of Administration Finance Corp                            | FLORIDA ST BRD OF ADMIN FIN CORP REVENUE                     | CUSIP: 341271AF1<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |    200000 | PA      | $161390.40    | 0.06%             | 2030-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                                           | Equinor ASA                                                  | CUSIP: 29446MAJ1<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    150000 | PA      | $137579.13    | 0.05%             | 2026-01-22      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                                 | Tennessee Valley Authority                                   | CUSIP: 880591EU2<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |     35000 | PA      | $33340.20     | 0.01%             | 2027-02-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $152976.56    | 0.06%             | 2046-05-15      | Fixed         | 2.50%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128283V0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1670000 | PA      | $1607831.64   | 0.61%             | 2025-01-31      | Fixed         | 2.50%                 | No            |                  1 | On Loan: No      |
| STATE OF ISRAEL                                                       | State of Israel                                              | CUSIP: 46513JXN6<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    200000 | PA      | $152409.60    | 0.06%             | 2050-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2140000 | PA      | $1842740.63   | 0.70%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    605000 | PA      | $505860.35    | 0.19%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  1 | On Loan: No      |
| Grand Parkway Transportation Corp                                     | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50946.68     | 0.02%             | 2042-10-01      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                                 | Tennessee Valley Authority                                   | CUSIP: 880591CS9<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |     10000 | PA      | $11159.18     | 0.00%             | 2036-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828ZQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    870000 | PA      | $699262.50    | 0.27%             | 2030-05-15      | Fixed         | 0.63%                 | No            |                  1 | On Loan: No      |
| European Investment Bank                                              | European Investment Bank                                     | CUSIP: 298785HX7<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    640000 | PA      | $618574.62    | 0.24%             | 2024-06-24      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                               | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024NV0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |     60000 | PA      | $75438.73     | 0.03%             | 2050-04-01      | Fixed         | 7.04%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    435000 | PA      | $366470.51    | 0.14%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31418CXN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    241552 | PA      | $232768.39    | 0.09%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828ZT0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1790000 | PA      | $1624145.31   | 0.62%             | 2025-05-31      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31418DV25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    775888 | PA      | $662502.47    | 0.25%             | 2041-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                                 | Mexico Government International Bond                         | CUSIP: 91086QAZ1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    163000 | PA      | $140802.58    | 0.05%             | 2110-10-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                   | COMM 2016-COR1 Mortgage Trust                                | CUSIP: 12594MBF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65000 | PA      | $57628.71     | 0.02%             | 2049-10-10      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                               | International Bank for Reconstruction & Development          | CUSIP: 459058GQ0<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    260000 | PA      | $253026.80    | 0.10%             | 2024-03-19      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 91282CCJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1925000 | PA      | $1725657.22   | 0.66%             | 2026-06-30      | Fixed         | 0.88%                 | No            |                  1 | On Loan: No      |
| Citibank Credit Card Issuance Trust                                   | Citibank Credit Card Issuance Trust                          | CUSIP: 17305EGS8<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |    130000 | PA      | $124279.34    | 0.05%             | 2030-10-13      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    735000 | PA      | $487425.58    | 0.19%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  1 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                               | Inter-American Development Bank                              | CUSIP: 4581X0CY2<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |     30000 | PA      | $27957.87     | 0.01%             | 2027-07-07      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                | Federal Home Loan Banks                                      | CUSIP: 3130A2UW4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |     60000 | PA      | $58263.78     | 0.02%             | 2024-09-13      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                                                           | Federal Home Loan Mortgage Corp                              | CUSIP: 3134GXCA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |     50000 | PA      | $47778.72     | 0.02%             | 2023-11-24      | Fixed         | 0.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31418CJG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    375054 | PA      | $361520.31    | 0.14%             | 2037-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                      | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137B5JM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     59851 | PA      | $59208.18     | 0.02%             | 2023-07-25      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| Province of Quebec                                                    | Province of Quebec Canada                                    | CUSIP: 748149AQ4<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |     70000 | PA      | $68074.30     | 0.03%             | 2024-04-09      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MANITOBA (PROVINCE OF)                                                | Province of Manitoba Canada                                  | CUSIP: 563469UD5<br>LEI: 5493003QILFOB3JRKE30 | Long             | DBT              | NUSS              | CA        |    150000 | PA      | $146617.50    | 0.06%             | 2024-05-14      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                      | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137FG6T7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     40000 | PA      | $37786.27     | 0.01%             | 2033-04-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                                 | Tennessee Valley Authority                                   | CUSIP: 880591ED0<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |     30000 | PA      | $32072.64     | 0.01%             | 2038-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                                                           | Federal Home Loan Mortgage Corp                              | CUSIP: 3137EAEZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    160000 | PA      | $153252.37    | 0.06%             | 2023-11-06      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                | Asian Development Bank                                       | CUSIP: 045167EP4<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    160000 | PA      | $139009.76    | 0.05%             | 2029-09-19      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912828P46<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2600000 | PA      | $2410078.11   | 0.92%             | 2026-02-15      | Fixed         | 1.63%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 31418EBR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6870035 | PA      | $5668563.25   | 2.17%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                                                           | Federal Home Loan Mortgage Corp                              | CUSIP: 3134GXDM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    460000 | PA      | $411706.33    | 0.16%             | 2025-12-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                | Federal Home Loan Banks                                      | CUSIP: 3133XFJ49<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |     10000 | PA      | $11151.62     | 0.00%             | 2036-03-14      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                                           | Equinor ASA                                                  | CUSIP: 29446MAG7<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |     40000 | PA      | $33481.51     | 0.01%             | 2040-04-06      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF QUEBEC                                                    | Province of Quebec Canada                                    | CUSIP: 748148SC8<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |     90000 | PA      | $81704.30     | 0.03%             | 2025-07-23      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                              | Ginnie Mae II Pool                                           | CUSIP: 36179TXU4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     49634 | PA      | $46730.88     | 0.02%             | 2048-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140X4FT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1217840 | PA      | $1183277.20   | 0.45%             | 2034-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                        | Fannie Mae-Aces                                              | CUSIP: 3136AY7L1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14552 | PA      | $13686.47     | 0.01%             | 2027-12-25      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| SWEDISH EXPORT CREDIT                                                 | Svensk Exportkredit AB                                       | CUSIP: 87031CAE3<br>LEI: 1FOLRR5RWTWWI397R131 | Long             | DBT              | NUSS              | SE        |    200000 | PA      | $185272.36    | 0.07%             | 2027-03-22      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    340000 | PA      | $279211.72    | 0.11%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  1 | On Loan: No      |
| Pennsylvania Turnpike Commission                                      | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709223A27<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5137.10      | 0.00%             | 2045-12-01      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810RG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $18045.31     | 0.01%             | 2044-05-15      | Fixed         | 3.38%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140XGZN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13791470 | PA      | $11823613.94  | 4.52%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 9128283P3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1485000 | PA      | $1423917.78   | 0.54%             | 2024-12-31      | Fixed         | 2.25%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                | United States Treasury Note/Bond                             | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    440000 | PA      | $271768.75    | 0.10%             | 2050-11-15      | Fixed         | 1.63%                 | No            |                  1 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                                              | Asian Infrastructure Investment Bank/The                     | CUSIP: 04522KAB2<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $181764.32    | 0.07%             | 2025-05-28      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                            | Fannie Mae Pool                                              | CUSIP: 3140MUP87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    703622 | PA      | $633200.00    | 0.24%             | 2037-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                           | Freddie Mac Pool                                             | CUSIP: 3132DWBS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3042286 | PA      | $2375710.01   | 0.91%             | 2051-06-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                                              | Uruguay Government International Bond                        | CUSIP: 760942AZ5<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     10000 | PA      | $9987.50      | 0.00%             | 2024-08-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                        | Fannie Mae-Aces                                              | CUSIP: 3136AWWF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     57266 | PA      | $53480.22     | 0.02%             | 2029-04-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                | Federal Home Loan Banks                                      | CUSIP: 3130AGWK7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |     10000 | PA      | $9499.47      | 0.00%             | 2024-08-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** ALLSPRING MASTER TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer