# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001410368-26-017729
**Filing Date:** 2026-2
**Character Count:** 299169
**Document Hash:** 5ae30e5717882b5eea9c3997362d15c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-017729.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0001410368-26-017729

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260930

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09253
- **FILM NUMBER:** 26674471

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

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

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

## Series and Classes Contracts Data

### Allspring Diversified Income Builder Fund (Series ID: S000029101)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000089465 | Class A             | EKSAX           |
| C000089467 | Class C             | EKSCX           |
| C000089468 | Institutional Class | EKSYX           |
| C000205250 | Class R6            | EKSRX           |

## Nport-Ex

Portfolio of investments—December 31, 2025 (unaudited)

Portfolio of investments

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Asset-backed securities: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Frontier Issuer LLC Series 2024-1 Class C144A | 11.16<br> %<br>| &nbsp;&nbsp; 6-20-2054 | $196350 | &nbsp;&nbsp; $218857 |
| &nbsp;&nbsp;&nbsp; Uniti Fiber ABS Issuer LLC Series 2025-1A Class B144A | 6.37 | &nbsp;&nbsp; 4-20-2055 | 380000 | &nbsp;&nbsp; 388519 |
| **Total asset-backed securities (Cost $578,291)** |  |  |  | &nbsp;&nbsp; **607376** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Common stocks: 31.67%** |  |  |
| **Communication services: 1.94%** |  |  |
| **Interactive media & services: 1.60%** |  |  |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc. Class A | 15930 | &nbsp;&nbsp; 4986090 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. Class A | 3118 | &nbsp;&nbsp; 2058160 |
|  |  | &nbsp;&nbsp; **7044250** |
| **Media: 0.34%** |  |  |
| &nbsp;&nbsp;&nbsp; Publicis Groupe SA | 14511 | &nbsp;&nbsp; **1511266** |
| **Consumer discretionary: 2.88%** |  |  |
| **Automobiles: 0.82%** |  |  |
| &nbsp;&nbsp;&nbsp; General Motors Co. | 7617 | &nbsp;&nbsp; 619414 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG | 19491 | &nbsp;&nbsp; 1351157 |
| &nbsp;&nbsp;&nbsp; Tesla, Inc.† | 3700 | &nbsp;&nbsp; 1663964 |
|  |  | &nbsp;&nbsp; **3634535** |
| **Broadline retail: 0.70%** |  |  |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc.† | 13424 | &nbsp;&nbsp; **3098528** |
| **Hotels, restaurants & leisure: 0.41%** |  |  |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | 337 | &nbsp;&nbsp; **1804746** |
| **Household durables: 0.65%** |  |  |
| &nbsp;&nbsp;&nbsp; Haier Smart Home Co. Ltd. Class H | 277600 | &nbsp;&nbsp; 866040 |
| &nbsp;&nbsp;&nbsp; Sony Group Corp. | 78400 | &nbsp;&nbsp; 2011036 |
|  |  | &nbsp;&nbsp; **2877076** |
| **Specialty retail: 0.30%** |  |  |
| &nbsp;&nbsp;&nbsp; Sanrio Co. Ltd. | 42200 | &nbsp;&nbsp; **1320447** |
| **Consumer staples: 1.59%** |  |  |
| **Consumer staples distribution & retail: 1.36%** |  |  |
| &nbsp;&nbsp;&nbsp; Dollar General Corp. | 13441 | &nbsp;&nbsp; 1784562 |
| &nbsp;&nbsp;&nbsp; U.S. Foods Holding Corp.† | 22599 | &nbsp;&nbsp; 1702157 |
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | 22796 | &nbsp;&nbsp; 2539702 |
|  |  | &nbsp;&nbsp; **6026421** |
| **Food products: 0.23%** |  |  |
| &nbsp;&nbsp;&nbsp; Cal-Maine Foods, Inc. | 12700 | &nbsp;&nbsp; **1010539** |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 1

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Energy: 0.84%** |  |  |
| **Independent power and renewable electricity producers: 0.17%** |  |  |
| &nbsp;&nbsp;&nbsp; Enviva, Inc. (Acquired 12-6-2024, cost $281,101)†˃ | 51516 | &nbsp;&nbsp; **$762437** |
| **Oil, gas & consumable fuels: 0.67%** |  |  |
| &nbsp;&nbsp;&nbsp; APA Corp. | 70109 | &nbsp;&nbsp; 1714866 |
| &nbsp;&nbsp;&nbsp; Enbridge, Inc. | 25346 | &nbsp;&nbsp; 1212870 |
|  |  | &nbsp;&nbsp; **2927736** |
| **Financials: 7.16%** |  |  |
| **Banks: 3.37%** |  |  |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | 93984 | &nbsp;&nbsp; 2214522 |
| &nbsp;&nbsp;&nbsp; Barclays PLC | 300935 | &nbsp;&nbsp; 1930670 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp. Class H | 1558000 | &nbsp;&nbsp; 1539443 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. | 22200 | &nbsp;&nbsp; 2590518 |
| &nbsp;&nbsp;&nbsp; Citizens Financial Group, Inc. | 31409 | &nbsp;&nbsp; 1834600 |
| &nbsp;&nbsp;&nbsp; DBS Group Holdings Ltd. | 36500 | &nbsp;&nbsp; 1600389 |
| &nbsp;&nbsp;&nbsp; ING Groep NV | 57573 | &nbsp;&nbsp; 1624511 |
| &nbsp;&nbsp;&nbsp; UniCredit SpA | 18787 | &nbsp;&nbsp; 1556065 |
|  |  | &nbsp;&nbsp; **14890718** |
| **Capital markets: 1.17%** |  |  |
| &nbsp;&nbsp;&nbsp; 3i Group PLC | 37167 | &nbsp;&nbsp; 1634740 |
| &nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, Inc. Class A | 25488 | &nbsp;&nbsp; 1038381 |
| &nbsp;&nbsp;&nbsp; Plus500 Ltd. | 28427 | &nbsp;&nbsp; 1390950 |
| &nbsp;&nbsp;&nbsp; Virtu Financial, Inc. Class A | 33781 | &nbsp;&nbsp; 1125583 |
|  |  | &nbsp;&nbsp; **5189654** |
| **Insurance: 2.62%** |  |  |
| &nbsp;&nbsp;&nbsp; Aegon Ltd. | 181981 | &nbsp;&nbsp; 1420057 |
| &nbsp;&nbsp;&nbsp; BB Seguridade Participacoes SA | 281341 | &nbsp;&nbsp; 1858439 |
| &nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd. Class H | 182500 | &nbsp;&nbsp; 1527731 |
| &nbsp;&nbsp;&nbsp; Power Corp. of Canada | 44396 | &nbsp;&nbsp; 2359614 |
| &nbsp;&nbsp;&nbsp; Progressive Corp. | 8087 | &nbsp;&nbsp; 1841572 |
| &nbsp;&nbsp;&nbsp; Sompo Holdings, Inc. | 75100 | &nbsp;&nbsp; 2549059 |
|  |  | &nbsp;&nbsp; **11556472** |
| **Health care: 2.53%** |  |  |
| **Biotechnology: 0.81%** |  |  |
| &nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | 15854 | &nbsp;&nbsp; 1945920 |
| &nbsp;&nbsp;&nbsp; Regeneron Pharmaceuticals, Inc. | 2112 | &nbsp;&nbsp; 1630189 |
|  |  | &nbsp;&nbsp; **3576109** |
| **Pharmaceuticals: 1.72%** |  |  |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. | 32915 | &nbsp;&nbsp; 1775435 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 1656 | &nbsp;&nbsp; 1779670 |
| &nbsp;&nbsp;&nbsp; Merck & Co., Inc. | 24253 | &nbsp;&nbsp; 2552871 |
| &nbsp;&nbsp;&nbsp; Pfizer, Inc. | 59630 | &nbsp;&nbsp; 1484787 |
|  |  | &nbsp;&nbsp; **7592763** |

---

See accompanying notes to portfolio of investments

2 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Industrials: 1.95%** |  |  |
| **Aerospace & defense: 0.28%** |  |  |
| &nbsp;&nbsp;&nbsp; Carpenter Technology Corp. | 3886 | &nbsp;&nbsp; **$1223468** |
| **Construction & engineering: 0.78%** |  |  |
| &nbsp;&nbsp;&nbsp; Bouygues SA | 35321 | &nbsp;&nbsp; 1840935 |
| &nbsp;&nbsp;&nbsp; Valmont Industries, Inc. | 3951 | &nbsp;&nbsp; 1589566 |
|  |  | &nbsp;&nbsp; **3430501** |
| **Electrical equipment: 0.27%** |  |  |
| &nbsp;&nbsp;&nbsp; nVent Electric PLC | 11600 | &nbsp;&nbsp; **1182852** |
| **Industrial conglomerates: 0.31%** |  |  |
| &nbsp;&nbsp;&nbsp; Siemens AG | 4935 | &nbsp;&nbsp; **1382177** |
| **Trading companies & distributors: 0.31%** |  |  |
| &nbsp;&nbsp;&nbsp; Ferguson Enterprises, Inc. | 6198 | &nbsp;&nbsp; **1379861** |
| **Information technology: 8.88%** |  |  |
| **Communications equipment: 0.39%** |  |  |
| &nbsp;&nbsp;&nbsp; Arista Networks, Inc.† | 13248 | &nbsp;&nbsp; **1735886** |
| **Electronic equipment, instruments & components: 0.47%** |  |  |
| &nbsp;&nbsp;&nbsp; Amphenol Corp. Class A | 4680 | &nbsp;&nbsp; 632455 |
| &nbsp;&nbsp;&nbsp; TD SYNNEX Corp. | 9468 | &nbsp;&nbsp; 1422378 |
|  |  | &nbsp;&nbsp; **2054833** |
| **IT services: 0.39%** |  |  |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp. | 5854 | &nbsp;&nbsp; **1734013** |
| **Semiconductors & semiconductor equipment: 3.37%** |  |  |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 9129 | &nbsp;&nbsp; 3159547 |
| &nbsp;&nbsp;&nbsp; KLA Corp. | 1406 | &nbsp;&nbsp; 1708402 |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | 36224 | &nbsp;&nbsp; 6755776 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 10794 | &nbsp;&nbsp; 3280189 |
|  |  | &nbsp;&nbsp; **14903914** |
| **Software: 1.84%** |  |  |
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | 10283 | &nbsp;&nbsp; 4973064 |
| &nbsp;&nbsp;&nbsp; Pegasystems, Inc. | 22830 | &nbsp;&nbsp; 1363408 |
| &nbsp;&nbsp;&nbsp; SAP SE | 7329 | &nbsp;&nbsp; 1780716 |
|  |  | &nbsp;&nbsp; **8117188** |
| **Technology hardware, storage & peripherals: 2.42%** |  |  |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | 18633 | &nbsp;&nbsp; 5065567 |
| &nbsp;&nbsp;&nbsp; Dell Technologies, Inc. Class C | 11500 | &nbsp;&nbsp; 1447620 |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | 33761 | &nbsp;&nbsp; 2829675 |
| &nbsp;&nbsp;&nbsp; Seagate Technology Holdings PLC | 4927 | &nbsp;&nbsp; 1356847 |
|  |  | &nbsp;&nbsp; **10699709** |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 3

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Materials: 1.10%** |  |  |
| **Containers & packaging: 0.40%** |  |  |
| &nbsp;&nbsp;&nbsp; Crown Holdings, Inc. | 16943 | &nbsp;&nbsp; **$1744621** |
| **Metals & mining: 0.70%** |  |  |
| &nbsp;&nbsp;&nbsp; Alrosa PJSC (Acquired 5-6-2021, cost $65,232)♦†˃ | 42660 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; Fortescue Ltd. | 105211 | &nbsp;&nbsp; 1545378 |
| &nbsp;&nbsp;&nbsp; Rio Tinto PLC | 19310 | &nbsp;&nbsp; 1560174 |
|  |  | &nbsp;&nbsp; **3105552** |
| **Real estate: 1.23%** |  |  |
| **Health care REITs: 0.40%** |  |  |
| &nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc. | 40189 | &nbsp;&nbsp; **1781980** |
| **Retail REITs: 0.45%** |  |  |
| &nbsp;&nbsp;&nbsp; Brixmor Property Group, Inc. | 75191 | &nbsp;&nbsp; **1971508** |
| **Specialized REITs: 0.38%** |  |  |
| &nbsp;&nbsp;&nbsp; VICI Properties, Inc. Class A | 60079 | &nbsp;&nbsp; **1689422** |
| **Utilities: 1.57%** |  |  |
| **Electric utilities: 0.70%** |  |  |
| &nbsp;&nbsp;&nbsp; Edison International | 24482 | &nbsp;&nbsp; 1469409 |
| &nbsp;&nbsp;&nbsp; Enel SpA | 156387 | &nbsp;&nbsp; 1626008 |
|  |  | &nbsp;&nbsp; **3095417** |
| **Gas utilities: 0.32%** |  |  |
| &nbsp;&nbsp;&nbsp; UGI Corp. | 38142 | &nbsp;&nbsp; **1427655** |
| **Multi-utilities: 0.55%** |  |  |
| &nbsp;&nbsp;&nbsp; Engie SA | 91508 | &nbsp;&nbsp; **2409976** |
| **Investment Companies: 0.00%** |  |  |
| &nbsp;&nbsp;&nbsp; Resolute Topco, Inc.† | 5151 | &nbsp;&nbsp; **10302** |
| **Total common stocks (Cost $98,097,071)** |  | &nbsp;&nbsp; **139904532** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal |  |
| **Corporate bonds and notes: 28.52%** |  |  |  |  |
| **Basic materials: 0.68%** |  |  |  |  |
| **Chemicals: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC | 6.50<br> %<br>| &nbsp;&nbsp; 4-15-2030 | $705000 | &nbsp;&nbsp; 708525 |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC | 6.88 | &nbsp;&nbsp; 7-15-2032 | 325000 | &nbsp;&nbsp; 338203 |
| &nbsp;&nbsp;&nbsp; Chemours Co.144A | 8.00 | &nbsp;&nbsp; 1-15-2033 | 660000 | &nbsp;&nbsp; 638954 |
| &nbsp;&nbsp;&nbsp; SCIH Salt Holdings, Inc.144A | 6.63 | &nbsp;&nbsp; 5-1-2029 | 650000 | &nbsp;&nbsp; 652795 |
|  |  |  |  | &nbsp;&nbsp; **2338477** |
| **Iron/steel: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.144A | 7.00 | &nbsp;&nbsp; 3-15-2032 | 625000 | &nbsp;&nbsp; **640626** |

---

See accompanying notes to portfolio of investments

4 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Communications: 4.14%** |  |  |  |  |
| **Advertising: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc.144A | 7.13<br> %<br>| &nbsp;&nbsp; 2-15-2031 | $980000 | &nbsp;&nbsp; $1026201 |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc.144A | 7.50 | &nbsp;&nbsp; 3-15-2033 | 60000 | &nbsp;&nbsp; 63377 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital Corp.144A | 4.63 | &nbsp;&nbsp; 3-15-2030 | 225000 | &nbsp;&nbsp; 219633 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital Corp.144A | 7.38 | &nbsp;&nbsp; 2-15-2031 | 800000 | &nbsp;&nbsp; 846768 |
|  |  |  |  | &nbsp;&nbsp; **2155979** |
| **Internet: 0.55%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arches Buyer, Inc.144A | 4.25 | &nbsp;&nbsp; 6-1-2028 | 250000 | &nbsp;&nbsp; 245354 |
| &nbsp;&nbsp;&nbsp; Arches Buyer, Inc.144A | 6.13 | &nbsp;&nbsp; 12-1-2028 | 450000 | &nbsp;&nbsp; 438971 |
| &nbsp;&nbsp;&nbsp; Cablevision Lightpath LLC144A | 5.63 | &nbsp;&nbsp; 9-15-2028 | 425000 | &nbsp;&nbsp; 415374 |
| &nbsp;&nbsp;&nbsp; Match Group Holdings II LLC144A | 5.63 | &nbsp;&nbsp; 2-15-2029 | 360000 | &nbsp;&nbsp; 361100 |
| &nbsp;&nbsp;&nbsp; Match Group Holdings II LLC144A | 6.13 | &nbsp;&nbsp; 9-15-2033 | 440000 | &nbsp;&nbsp; 445269 |
| &nbsp;&nbsp;&nbsp; Wayfair LLC144A | 6.75 | &nbsp;&nbsp; 11-15-2032 | 490000 | &nbsp;&nbsp; 503759 |
|  |  |  |  | &nbsp;&nbsp; **2409827** |
| **Media: 1.85%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 4.25 | &nbsp;&nbsp; 1-15-2034 | 925000 | &nbsp;&nbsp; 786504 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 4.50 | &nbsp;&nbsp; 8-15-2030 | 1700000 | &nbsp;&nbsp; 1600570 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp. | 4.50 | &nbsp;&nbsp; 5-1-2032 | 565000 | &nbsp;&nbsp; 507109 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 5.38 | &nbsp;&nbsp; 6-1-2029 | 400000 | &nbsp;&nbsp; 395488 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 3.38 | &nbsp;&nbsp; 2-15-2031 | 570000 | &nbsp;&nbsp; 345168 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 5.50 | &nbsp;&nbsp; 4-15-2027 | 760000 | &nbsp;&nbsp; 651638 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 5.75 | &nbsp;&nbsp; 1-15-2030 | 335000 | &nbsp;&nbsp; 123859 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 11.25 | &nbsp;&nbsp; 5-15-2028 | 455000 | &nbsp;&nbsp; 362028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DIRECTV Financing LLC/DIRECTV Financing Co-Obligor, <br> Inc.144A<br>| 5.88 | &nbsp;&nbsp; 8-15-2027 | 135000 | &nbsp;&nbsp; 135793 |
| &nbsp;&nbsp;&nbsp; DISH DBS Corp.144A | 5.75 | &nbsp;&nbsp; 12-1-2028 | 210000 | &nbsp;&nbsp; 206168 |
| &nbsp;&nbsp;&nbsp; DISH Network Corp.144A | 11.75 | &nbsp;&nbsp; 11-15-2027 | 1220000 | &nbsp;&nbsp; 1269752 |
| &nbsp;&nbsp;&nbsp; Gray Media, Inc.144A | 9.63 | &nbsp;&nbsp; 7-15-2032 | 475000 | &nbsp;&nbsp; 492940 |
| &nbsp;&nbsp;&nbsp; Paramount Global (U.S. SOFR 3 Month+3.90%)± | 6.25 | &nbsp;&nbsp; 2-28-2057 | 575000 | &nbsp;&nbsp; 515723 |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC144A | 4.13 | &nbsp;&nbsp; 7-1-2030 | 835000 | &nbsp;&nbsp; 794141 |
|  |  |  |  | &nbsp;&nbsp; **8186881** |
| **Telecommunications: 1.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cipher Compute LLC144A | 7.13 | &nbsp;&nbsp; 11-15-2030 | 120000 | &nbsp;&nbsp; 122218 |
| &nbsp;&nbsp;&nbsp; CommScope LLC144A | 8.25 | &nbsp;&nbsp; 3-1-2027 | 620000 | &nbsp;&nbsp; 624812 |
| &nbsp;&nbsp;&nbsp; EchoStar Corp. (PIK at 6.75%)¥ | 6.75 | &nbsp;&nbsp; 11-30-2030 | 1711256 | &nbsp;&nbsp; 1753128 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 3.63 | &nbsp;&nbsp; 1-15-2029 | 525000 | &nbsp;&nbsp; 484528 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 6.88 | &nbsp;&nbsp; 6-30-2033 | 515000 | &nbsp;&nbsp; 526988 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 8.50 | &nbsp;&nbsp; 1-15-2036 | 595000 | &nbsp;&nbsp; 609269 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc.144A | 10.00 | &nbsp;&nbsp; 10-15-2032 | 562375 | &nbsp;&nbsp; 565187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC144A<br>| 8.63 | &nbsp;&nbsp; 6-15-2032 | 225000 | &nbsp;&nbsp; 221634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Windstream Services LLC/Windstream Escrow Finance <br> Corp.144A<br>| 8.25 | &nbsp;&nbsp; 10-1-2031 | 600000 | &nbsp;&nbsp; 629862 |
|  |  |  |  | &nbsp;&nbsp; **5537626** |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 5

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Consumer, cyclical: 4.76%** |  |  |  |  |
| **Airlines: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd.144A | 5.50<br> %<br>| &nbsp;&nbsp; 4-20-2026 | $54166 | &nbsp;&nbsp; $54243 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue Loyalty LP144A | 9.88 | &nbsp;&nbsp; 9-20-2031 | 390000 | &nbsp;&nbsp; 392910 |
|  |  |  |  | &nbsp;&nbsp; **447153** |
| **Apparel: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC (PIK at 10.75%)144A¥ | 10.00 | &nbsp;&nbsp; 7-15-2033 | 460000 | &nbsp;&nbsp; **507740** |
| **Auto manufacturers: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. LLC144A | 7.05 | &nbsp;&nbsp; 9-15-2028 | 140000 | &nbsp;&nbsp; **144793** |
| **Auto parts & equipment: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.144A | 7.50 | &nbsp;&nbsp; 2-15-2033 | 625000 | &nbsp;&nbsp; 645034 |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.144A | 8.25 | &nbsp;&nbsp; 4-15-2031 | 115000 | &nbsp;&nbsp; 120920 |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc. | 5.00 | &nbsp;&nbsp; 10-1-2029 | 415000 | &nbsp;&nbsp; 399760 |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc.144A | 7.75 | &nbsp;&nbsp; 10-15-2033 | 290000 | &nbsp;&nbsp; 295388 |
| &nbsp;&nbsp;&nbsp; ZF North America Capital, Inc.144A | 6.88 | &nbsp;&nbsp; 4-23-2032 | 390000 | &nbsp;&nbsp; 381395 |
| &nbsp;&nbsp;&nbsp; ZF North America Capital, Inc.144A | 7.50 | &nbsp;&nbsp; 3-24-2031 | 310000 | &nbsp;&nbsp; 313335 |
|  |  |  |  | &nbsp;&nbsp; **2155832** |
| **Distribution/wholesale: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; RB Global Holdings, Inc.144A | 7.75 | &nbsp;&nbsp; 3-15-2031 | 140000 | &nbsp;&nbsp; **146365** |
| **Entertainment: 0.80%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Churchill Downs, Inc.144A | 6.75 | &nbsp;&nbsp; 5-1-2031 | 525000 | &nbsp;&nbsp; 544387 |
| &nbsp;&nbsp;&nbsp; Cinemark USA, Inc.144A | 7.00 | &nbsp;&nbsp; 8-1-2032 | 1325000 | &nbsp;&nbsp; 1374955 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp.144A | 7.25 | &nbsp;&nbsp; 5-15-2031 | 160000 | &nbsp;&nbsp; 153523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Six Flags Theme Parks, <br> Inc./Canada's Wonderland Co.144A<br>| 6.63 | &nbsp;&nbsp; 5-1-2032 | 675000 | &nbsp;&nbsp; 680679 |
| &nbsp;&nbsp;&nbsp; WarnerMedia Holdings, Inc. | 4.05 | &nbsp;&nbsp; 3-15-2029 | 505000 | &nbsp;&nbsp; 488739 |
| &nbsp;&nbsp;&nbsp; WarnerMedia Holdings, Inc. | 5.05 | &nbsp;&nbsp; 3-15-2042 | 400000 | &nbsp;&nbsp; 281500 |
|  |  |  |  | &nbsp;&nbsp; **3523783** |
| **Home builders: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ashton Woods USA LLC/Ashton Woods Finance Co.144A | 6.88 | &nbsp;&nbsp; 8-1-2033 | 545000 | &nbsp;&nbsp; 545433 |
| &nbsp;&nbsp;&nbsp; Century Communities, Inc.144A | 6.63 | &nbsp;&nbsp; 9-15-2033 | 400000 | &nbsp;&nbsp; 404479 |
| &nbsp;&nbsp;&nbsp; K Hovnanian Enterprises, Inc.144A | 8.38 | &nbsp;&nbsp; 10-1-2033 | 325000 | &nbsp;&nbsp; 330294 |
| &nbsp;&nbsp;&nbsp; LGI Homes, Inc.144A | 8.75 | &nbsp;&nbsp; 12-15-2028 | 570000 | &nbsp;&nbsp; 594549 |
| &nbsp;&nbsp;&nbsp; Tri Pointe Homes, Inc. | 5.70 | &nbsp;&nbsp; 6-15-2028 | 270000 | &nbsp;&nbsp; 274665 |
|  |  |  |  | &nbsp;&nbsp; **2149420** |
| **Home furnishings: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Whirlpool Corp. | 6.13 | &nbsp;&nbsp; 6-15-2030 | 470000 | &nbsp;&nbsp; **469429** |
| **Housewares: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Garden & Pet Co. | 4.13 | &nbsp;&nbsp; 10-15-2030 | 325000 | &nbsp;&nbsp; 311490 |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. | 6.38 | &nbsp;&nbsp; 5-15-2030 | 460000 | &nbsp;&nbsp; 449218 |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc.144A | 8.50 | &nbsp;&nbsp; 6-1-2028 | 575000 | &nbsp;&nbsp; 602918 |
|  |  |  |  | &nbsp;&nbsp; **1363626** |

---

See accompanying notes to portfolio of investments

6 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Leisure time: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 6.25<br> %<br>| &nbsp;&nbsp; 9-15-2033 | $555000 | &nbsp;&nbsp; $554766 |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 6.75 | &nbsp;&nbsp; 2-1-2032 | 280000 | &nbsp;&nbsp; 286698 |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd.144A | 7.75 | &nbsp;&nbsp; 2-15-2029 | 330000 | &nbsp;&nbsp; 351286 |
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd.144A | 5.88 | &nbsp;&nbsp; 10-15-2033 | 190000 | &nbsp;&nbsp; 192938 |
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd.144A | 7.00 | &nbsp;&nbsp; 2-15-2029 | 400000 | &nbsp;&nbsp; 402318 |
|  |  |  |  | &nbsp;&nbsp; **1788006** |
| **Lodging: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Genting New York LLC/GENNY Capital, Inc.144A | 7.25 | &nbsp;&nbsp; 10-1-2029 | 525000 | &nbsp;&nbsp; 538420 |
| &nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., Inc.144A | 6.13 | &nbsp;&nbsp; 4-1-2032 | 480000 | &nbsp;&nbsp; 497044 |
|  |  |  |  | &nbsp;&nbsp; **1035464** |
| **Retail: 1.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc.144A | 7.38 | &nbsp;&nbsp; 8-1-2033 | 490000 | &nbsp;&nbsp; 491945 |
| &nbsp;&nbsp;&nbsp; Carvana Co.144A | 9.00 | &nbsp;&nbsp; 6-1-2030 | 1090000 | &nbsp;&nbsp; 1142467 |
| &nbsp;&nbsp;&nbsp; Carvana Co.144A | 9.00 | &nbsp;&nbsp; 6-1-2031 | 405000 | &nbsp;&nbsp; 457014 |
| &nbsp;&nbsp;&nbsp; FirstCash, Inc.144A | 4.63 | &nbsp;&nbsp; 9-1-2028 | 405000 | &nbsp;&nbsp; 402403 |
| &nbsp;&nbsp;&nbsp; FirstCash, Inc.144A | 6.88 | &nbsp;&nbsp; 3-1-2032 | 785000 | &nbsp;&nbsp; 816558 |
| &nbsp;&nbsp;&nbsp; Lithia Motors, Inc.144A | 4.38 | &nbsp;&nbsp; 1-15-2031 | 505000 | &nbsp;&nbsp; 485347 |
| &nbsp;&nbsp;&nbsp; Macy's Retail Holdings LLC144A | 6.13 | &nbsp;&nbsp; 3-15-2032 | 460000 | &nbsp;&nbsp; 465578 |
| &nbsp;&nbsp;&nbsp; Michaels Cos., Inc.144A | 7.88 | &nbsp;&nbsp; 5-1-2029 | 410000 | &nbsp;&nbsp; 378469 |
| &nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart Finance Corp.144A | 7.50 | &nbsp;&nbsp; 9-15-2032 | 515000 | &nbsp;&nbsp; 524107 |
| &nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart Finance Corp.144A | 10.00 | &nbsp;&nbsp; 9-15-2033 | 455000 | &nbsp;&nbsp; 468503 |
| &nbsp;&nbsp;&nbsp; QXO Building Products, Inc.144A | 6.75 | &nbsp;&nbsp; 4-30-2032 | 535000 | &nbsp;&nbsp; 558764 |
| &nbsp;&nbsp;&nbsp; Sally Holdings LLC/Sally Capital, Inc. | 6.75 | &nbsp;&nbsp; 3-1-2032 | 370000 | &nbsp;&nbsp; 386398 |
| &nbsp;&nbsp;&nbsp; Sonic Automotive, Inc.144A | 4.63 | &nbsp;&nbsp; 11-15-2029 | 260000 | &nbsp;&nbsp; 255201 |
| &nbsp;&nbsp;&nbsp; Sonic Automotive, Inc.144A | 4.88 | &nbsp;&nbsp; 11-15-2031 | 495000 | &nbsp;&nbsp; 478079 |
|  |  |  |  | &nbsp;&nbsp; **7310833** |
| **Consumer, non-cyclical: 5.06%** |  |  |  |  |
| **Commercial services: 2.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ADT Security Corp.144A | 5.88 | &nbsp;&nbsp; 10-15-2033 | 275000 | &nbsp;&nbsp; 278408 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC144A | 7.88 | &nbsp;&nbsp; 2-15-2031 | 520000 | &nbsp;&nbsp; 548017 |
| &nbsp;&nbsp;&nbsp; Block, Inc. | 6.50 | &nbsp;&nbsp; 5-15-2032 | 700000 | &nbsp;&nbsp; 727902 |
| &nbsp;&nbsp;&nbsp; CoreCivic, Inc. | 8.25 | &nbsp;&nbsp; 4-15-2029 | 1230000 | &nbsp;&nbsp; 1293065 |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 8.63 | &nbsp;&nbsp; 4-15-2029 | 725000 | &nbsp;&nbsp; 762557 |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 10.25 | &nbsp;&nbsp; 4-15-2031 | 725000 | &nbsp;&nbsp; 793645 |
| &nbsp;&nbsp;&nbsp; Grand Canyon University | 5.13 | &nbsp;&nbsp; 10-1-2028 | 1000000 | &nbsp;&nbsp; 992101 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc.144A | 7.00 | &nbsp;&nbsp; 6-15-2030 | 700000 | &nbsp;&nbsp; 736700 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc.144A | 7.25 | &nbsp;&nbsp; 6-15-2033 | 430000 | &nbsp;&nbsp; 455965 |
| &nbsp;&nbsp;&nbsp; Sabre Financial Borrower LLC144A | 11.13 | &nbsp;&nbsp; 6-15-2029 | 560000 | &nbsp;&nbsp; 567469 |
| &nbsp;&nbsp;&nbsp; Service Corp. International | 5.75 | &nbsp;&nbsp; 10-15-2032 | 660000 | &nbsp;&nbsp; 671708 |
| &nbsp;&nbsp;&nbsp; Sotheby's/BidFair Holdings, Inc.144A | 5.88 | &nbsp;&nbsp; 6-1-2029 | 975000 | &nbsp;&nbsp; 907134 |
| &nbsp;&nbsp;&nbsp; Veritiv Operating Co.144A | 10.50 | &nbsp;&nbsp; 11-30-2030 | 510000 | &nbsp;&nbsp; 548359 |
|  |  |  |  | &nbsp;&nbsp; **9283030** |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 7

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Food: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New <br> Albertsons LP/Albertsons LLC144A<br>| 5.88<br> %<br>| &nbsp;&nbsp; 2-15-2028 | $450000 | &nbsp;&nbsp; $451725 |
| &nbsp;&nbsp;&nbsp; B&G Foods, Inc.144A | 8.00 | &nbsp;&nbsp; 9-15-2028 | 440000 | &nbsp;&nbsp; 432903 |
| &nbsp;&nbsp;&nbsp; Lamb Weston Holdings, Inc.144A | 4.38 | &nbsp;&nbsp; 1-31-2032 | 500000 | &nbsp;&nbsp; 476338 |
| &nbsp;&nbsp;&nbsp; Performance Food Group, Inc.144A | 6.13 | &nbsp;&nbsp; 9-15-2032 | 260000 | &nbsp;&nbsp; 268036 |
|  |  |  |  | &nbsp;&nbsp; **1629002** |
| **Healthcare-services: 2.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc.144A | 5.25 | &nbsp;&nbsp; 5-15-2030 | 355000 | &nbsp;&nbsp; 333413 |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc.144A | 6.00 | &nbsp;&nbsp; 1-15-2029 | 475000 | &nbsp;&nbsp; 474865 |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc.144A | 10.88 | &nbsp;&nbsp; 1-15-2032 | 427000 | &nbsp;&nbsp; 466045 |
| &nbsp;&nbsp;&nbsp; Concentra Health Services, Inc.144A | 6.88 | &nbsp;&nbsp; 7-15-2032 | 525000 | &nbsp;&nbsp; 549047 |
| &nbsp;&nbsp;&nbsp; DaVita, Inc.144A | 6.88 | &nbsp;&nbsp; 9-1-2032 | 1385000 | &nbsp;&nbsp; 1441738 |
| &nbsp;&nbsp;&nbsp; Eastern Maine Healthcare Systems | 5.02 | &nbsp;&nbsp; 7-1-2036 | 1000000 | &nbsp;&nbsp; 751604 |
| &nbsp;&nbsp;&nbsp; IQVIA, Inc.144A | 6.25 | &nbsp;&nbsp; 6-1-2032 | 225000 | &nbsp;&nbsp; 235107 |
| &nbsp;&nbsp;&nbsp; Molina Healthcare, Inc.144A | 6.25 | &nbsp;&nbsp; 1-15-2033 | 365000 | &nbsp;&nbsp; 372105 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC144A | 5.75 | &nbsp;&nbsp; 12-31-2030 | 235163 | &nbsp;&nbsp; 206355 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC (PIK at 0.75%)144A¥ | 6.75 | &nbsp;&nbsp; 3-31-2031 | 398481 | &nbsp;&nbsp; 342694 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC (PIK at 5.00%)144A¥ | 11.50 | &nbsp;&nbsp; 12-31-2030 | 294877 | &nbsp;&nbsp; 311832 |
| &nbsp;&nbsp;&nbsp; Pediatrix Medical Group, Inc.144A | 5.38 | &nbsp;&nbsp; 2-15-2030 | 390000 | &nbsp;&nbsp; 388928 |
| &nbsp;&nbsp;&nbsp; Radiology Partners, Inc.144A | 8.50 | &nbsp;&nbsp; 7-15-2032 | 555000 | &nbsp;&nbsp; 579774 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc.144A | 9.00 | &nbsp;&nbsp; 10-1-2030 | 875000 | &nbsp;&nbsp; 933807 |
| &nbsp;&nbsp;&nbsp; Surgery Center Holdings, Inc.144A | 7.25 | &nbsp;&nbsp; 4-15-2032 | 430000 | &nbsp;&nbsp; 434931 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. | 6.75 | &nbsp;&nbsp; 5-15-2031 | 1125000 | &nbsp;&nbsp; 1170573 |
| &nbsp;&nbsp;&nbsp; Toledo Hospital | 6.02 | &nbsp;&nbsp; 11-15-2048 | 1000000 | &nbsp;&nbsp; 963757 |
|  |  |  |  | &nbsp;&nbsp; **9956575** |
| **Pharmaceuticals: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AdaptHealth LLC144A | 5.13 | &nbsp;&nbsp; 3-1-2030 | 605000 | &nbsp;&nbsp; 590001 |
| &nbsp;&nbsp;&nbsp; Endo Finance Holdings, Inc.144A | 8.50 | &nbsp;&nbsp; 4-15-2031 | 840000 | &nbsp;&nbsp; 887831 |
|  |  |  |  | &nbsp;&nbsp; **1477832** |
| **Energy: 3.39%** |  |  |  |  |
| **Energy-alternate sources: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Enviva Partners LP/Enviva Partners Finance Corp.144A♦† | 6.50 | &nbsp;&nbsp; 1-15-2026 | 2460000 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; TerraForm Power Operating LLC144A | 5.00 | &nbsp;&nbsp; 1-31-2028 | 710000 | &nbsp;&nbsp; 709348 |
|  |  |  |  | &nbsp;&nbsp; **709348** |
| **Oil & gas: 0.75%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp.144A | 7.50 | &nbsp;&nbsp; 10-1-2029 | 375000 | &nbsp;&nbsp; 392879 |
| &nbsp;&nbsp;&nbsp; California Resources Corp.144A | 7.00 | &nbsp;&nbsp; 1-15-2034 | 240000 | &nbsp;&nbsp; 236412 |
| &nbsp;&nbsp;&nbsp; California Resources Corp.144A | 8.25 | &nbsp;&nbsp; 6-15-2029 | 735000 | &nbsp;&nbsp; 768796 |
| &nbsp;&nbsp;&nbsp; Caturus Energy LLC144A | 8.50 | &nbsp;&nbsp; 2-15-2030 | 145000 | &nbsp;&nbsp; 151009 |
| &nbsp;&nbsp;&nbsp; Civitas Resources, Inc.144A | 9.63 | &nbsp;&nbsp; 6-15-2033 | 450000 | &nbsp;&nbsp; 485828 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co.144A | 6.00 | &nbsp;&nbsp; 2-1-2031 | 525000 | &nbsp;&nbsp; 499081 |
| &nbsp;&nbsp;&nbsp; Nabors Industries Ltd.144A | 7.50 | &nbsp;&nbsp; 1-15-2028 | 285000 | &nbsp;&nbsp; 284956 |
| &nbsp;&nbsp;&nbsp; Nabors Industries, Inc.144A | 9.13 | &nbsp;&nbsp; 1-31-2030 | 470000 | &nbsp;&nbsp; 491413 |
|  |  |  |  | &nbsp;&nbsp; **3310374** |

---

See accompanying notes to portfolio of investments

8 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Oil & gas services: 0.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock Partners Finance Corp.144A | 6.63<br> %<br>| &nbsp;&nbsp; 9-1-2032 | $565000 | &nbsp;&nbsp; $582715 |
| &nbsp;&nbsp;&nbsp; Bristow Group, Inc.144A | 6.88 | &nbsp;&nbsp; 3-1-2028 | 1000000 | &nbsp;&nbsp; 1001231 |
| &nbsp;&nbsp;&nbsp; Oceaneering International, Inc. | 6.00 | &nbsp;&nbsp; 2-1-2028 | 300000 | &nbsp;&nbsp; 303368 |
| &nbsp;&nbsp;&nbsp; SESI LLC144A | 7.88 | &nbsp;&nbsp; 9-30-2030 | 260000 | &nbsp;&nbsp; 255955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression Finance <br> Corp.144A<br>| 6.25 | &nbsp;&nbsp; 10-1-2033 | 115000 | &nbsp;&nbsp; 116379 |
|  |  |  |  | &nbsp;&nbsp; **2259648** |
| **Pipelines: 1.97%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream Finance <br> Corp.144A<br>| 5.75 | &nbsp;&nbsp; 10-15-2033 | 330000 | &nbsp;&nbsp; 331993 |
| &nbsp;&nbsp;&nbsp; Buckeye Partners LP | 5.85 | &nbsp;&nbsp; 11-15-2043 | 425000 | &nbsp;&nbsp; 398555 |
| &nbsp;&nbsp;&nbsp; Buckeye Partners LP144A | 6.88 | &nbsp;&nbsp; 7-1-2029 | 260000 | &nbsp;&nbsp; 270455 |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook Holdco LLC144A | 5.50 | &nbsp;&nbsp; 6-15-2031 | 150000 | &nbsp;&nbsp; 148398 |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook Holdco LLC144A | 7.50 | &nbsp;&nbsp; 12-15-2033 | 955000 | &nbsp;&nbsp; 1023253 |
| &nbsp;&nbsp;&nbsp; Excelerate Energy LP144A | 8.00 | &nbsp;&nbsp; 5-15-2030 | 595000 | &nbsp;&nbsp; 628759 |
| &nbsp;&nbsp;&nbsp; Harvest Midstream I LP144A | 7.50 | &nbsp;&nbsp; 9-1-2028 | 730000 | &nbsp;&nbsp; 740915 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP144A | 5.50 | &nbsp;&nbsp; 10-15-2030 | 225000 | &nbsp;&nbsp; 227792 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP144A | 6.50 | &nbsp;&nbsp; 6-1-2029 | 145000 | &nbsp;&nbsp; 149742 |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings LP144A | 5.88 | &nbsp;&nbsp; 6-15-2030 | 600000 | &nbsp;&nbsp; 605376 |
| &nbsp;&nbsp;&nbsp; Prairie Acquiror LP144A | 9.00 | &nbsp;&nbsp; 8-1-2029 | 500000 | &nbsp;&nbsp; 519711 |
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC144A | 6.75 | &nbsp;&nbsp; 3-15-2033 | 240000 | &nbsp;&nbsp; 253277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance <br> Corp.144A<br>| 6.00 | &nbsp;&nbsp; 12-31-2030 | 800000 | &nbsp;&nbsp; 806469 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc.144A | 8.38 | &nbsp;&nbsp; 6-1-2031 | 445000 | &nbsp;&nbsp; 442520 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc.144A | 9.88 | &nbsp;&nbsp; 2-1-2032 | 525000 | &nbsp;&nbsp; 542363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture Global LNG, Inc. (5 Year Treasury Constant <br> Maturity+5.44%)144Aʊ±<br>| 9.00 | &nbsp;&nbsp; 9-30-2029 | 870000 | &nbsp;&nbsp; 687066 |
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC144A | 7.50 | &nbsp;&nbsp; 5-1-2033 | 870000 | &nbsp;&nbsp; 940036 |
|  |  |  |  | &nbsp;&nbsp; **8716680** |
| **Financial: 4.40%** |  |  |  |  |
| **Banks: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc. Series HH (5 Year Treasury Constant <br> Maturity+3.00%)ʊ±<br>| 6.63 | &nbsp;&nbsp; 2-15-2031 | 820000 | &nbsp;&nbsp; 833343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc. Series X (5 Year Treasury Constant <br> Maturity+3.42%)ʊ±<br>| 3.88 | &nbsp;&nbsp; 2-18-2026 | 630000 | &nbsp;&nbsp; 627803 |
|  |  |  |  | &nbsp;&nbsp; **1461146** |
| **Diversified financial services: 1.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Azorra Finance Ltd.144A | 7.25 | &nbsp;&nbsp; 1-15-2031 | 390000 | &nbsp;&nbsp; 408655 |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, Inc.144A | 9.25 | &nbsp;&nbsp; 4-1-2029 | 575000 | &nbsp;&nbsp; 605906 |
| &nbsp;&nbsp;&nbsp; EZCORP, Inc.144A | 7.38 | &nbsp;&nbsp; 4-1-2032 | 390000 | &nbsp;&nbsp; 413774 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc.144A | 6.13 | &nbsp;&nbsp; 11-1-2032 | 275000 | &nbsp;&nbsp; 279829 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc.144A | 6.75 | &nbsp;&nbsp; 5-1-2033 | 270000 | &nbsp;&nbsp; 281825 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc.144A | 7.13 | &nbsp;&nbsp; 4-30-2031 | 655000 | &nbsp;&nbsp; 688252 |
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC144A | 8.25 | &nbsp;&nbsp; 5-15-2030 | 230000 | &nbsp;&nbsp; 241893 |
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC144A | 9.50 | &nbsp;&nbsp; 2-15-2029 | 425000 | &nbsp;&nbsp; 446328 |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 9

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Diversified financial services**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Navient Corp. | 11.50<br> %<br>| &nbsp;&nbsp; 3-15-2031 | $705000 | &nbsp;&nbsp; $789647 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp. | 7.88 | &nbsp;&nbsp; 3-15-2030 | 710000 | &nbsp;&nbsp; 750691 |
| &nbsp;&nbsp;&nbsp; PRA Group, Inc.144A | 5.00 | &nbsp;&nbsp; 10-1-2029 | 410000 | &nbsp;&nbsp; 385558 |
| &nbsp;&nbsp;&nbsp; Provident Funding Associates LP/PFG Finance Corp.144A | 9.75 | &nbsp;&nbsp; 9-15-2029 | 385000 | &nbsp;&nbsp; 406069 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc.144A | 6.13 | &nbsp;&nbsp; 8-1-2030 | 270000 | &nbsp;&nbsp; 279093 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc.144A | 6.50 | &nbsp;&nbsp; 8-1-2029 | 100000 | &nbsp;&nbsp; 103139 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc.144A | 7.13 | &nbsp;&nbsp; 2-1-2032 | 610000 | &nbsp;&nbsp; 641719 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC144A | 5.50 | &nbsp;&nbsp; 4-15-2029 | 900000 | &nbsp;&nbsp; 893550 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC144A | 6.25 | &nbsp;&nbsp; 3-15-2031 | 240000 | &nbsp;&nbsp; 239617 |
|  |  |  |  | &nbsp;&nbsp; **7855545** |
| **Insurance: 0.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-<br> Issuer144A<br>| 7.38 | &nbsp;&nbsp; 10-1-2032 | 1150000 | &nbsp;&nbsp; 1192399 |
| &nbsp;&nbsp;&nbsp; AmWINS Group, Inc.144A | 6.38 | &nbsp;&nbsp; 2-15-2029 | 315000 | &nbsp;&nbsp; 323950 |
| &nbsp;&nbsp;&nbsp; Asurion LLC & Asurion Co-Issuer, Inc.144A | 8.00 | &nbsp;&nbsp; 12-31-2032 | 235000 | &nbsp;&nbsp; 243839 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd.144A | 5.63 | &nbsp;&nbsp; 12-1-2029 | 365000 | &nbsp;&nbsp; 364939 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd.144A | 7.25 | &nbsp;&nbsp; 6-15-2030 | 125000 | &nbsp;&nbsp; 131240 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd.144A | 7.38 | &nbsp;&nbsp; 1-31-2032 | 755000 | &nbsp;&nbsp; 792413 |
|  |  |  |  | &nbsp;&nbsp; **3048780** |
| **REITs: 1.60%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc.144A | 7.75 | &nbsp;&nbsp; 12-1-2029 | 465000 | &nbsp;&nbsp; 496116 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 6.13 | &nbsp;&nbsp; 1-15-2031 | 280000 | &nbsp;&nbsp; 272211 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 8.88 | &nbsp;&nbsp; 4-12-2029 | 1175000 | &nbsp;&nbsp; 1266436 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc.144A | 4.50 | &nbsp;&nbsp; 2-15-2031 | 335000 | &nbsp;&nbsp; 319341 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc.144A | 5.25 | &nbsp;&nbsp; 7-15-2030 | 1345000 | &nbsp;&nbsp; 1328732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance <br> Corp.144A<br>| 7.00 | &nbsp;&nbsp; 7-15-2031 | 725000 | &nbsp;&nbsp; 768683 |
| &nbsp;&nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp.144A | 8.50 | &nbsp;&nbsp; 2-15-2032 | 540000 | &nbsp;&nbsp; 576684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property LLC/PK <br> Finance Co-Issuer144A<br>| 5.88 | &nbsp;&nbsp; 10-1-2028 | 395000 | &nbsp;&nbsp; 395316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property LLC/PK <br> Finance Co-Issuer144A<br>| 7.00 | &nbsp;&nbsp; 2-1-2030 | 400000 | &nbsp;&nbsp; 410556 |
| &nbsp;&nbsp;&nbsp; RHP Hotel Properties LP/RHP Finance Corp.144A | 6.50 | &nbsp;&nbsp; 6-15-2033 | 400000 | &nbsp;&nbsp; 415815 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc.144A | 6.50 | &nbsp;&nbsp; 7-1-2030 | 675000 | &nbsp;&nbsp; 704098 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC144A | 6.00 | &nbsp;&nbsp; 1-15-2030 | 135000 | &nbsp;&nbsp; 125555 |
|  |  |  |  | &nbsp;&nbsp; **7079543** |
| **Industrial: 2.60%** |  |  |  |  |
| **Aerospace/defense: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TransDigm, Inc.144A | 6.63 | &nbsp;&nbsp; 3-1-2032 | 1595000 | &nbsp;&nbsp; **1659468** |
| **Building materials: 0.74%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Builders FirstSource, Inc.144A | 6.38 | &nbsp;&nbsp; 3-1-2034 | 455000 | &nbsp;&nbsp; 470439 |
| &nbsp;&nbsp;&nbsp; Camelot Return Merger Sub, Inc.144A | 8.75 | &nbsp;&nbsp; 8-1-2028 | 880000 | &nbsp;&nbsp; 681908 |
| &nbsp;&nbsp;&nbsp; CP Atlas Buyer, Inc.144A | 9.75 | &nbsp;&nbsp; 7-15-2030 | 400000 | &nbsp;&nbsp; 414299 |
| &nbsp;&nbsp;&nbsp; EMRLD Borrower LP/Emerald Co-Issuer, Inc.144A | 6.63 | &nbsp;&nbsp; 12-15-2030 | 725000 | &nbsp;&nbsp; 755096 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc.144A | 6.38 | &nbsp;&nbsp; 3-1-2032 | 185000 | &nbsp;&nbsp; 192563 |

---

See accompanying notes to portfolio of investments

10 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Building materials**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc.144A | 6.75<br> %<br>| &nbsp;&nbsp; 3-1-2033 | $405000 | &nbsp;&nbsp; $422938 |
| &nbsp;&nbsp;&nbsp; Standard Building Solutions, Inc.144A | 6.25 | &nbsp;&nbsp; 8-1-2033 | 335000 | &nbsp;&nbsp; 342215 |
|  |  |  |  | &nbsp;&nbsp; **3279458** |
| **Electrical components & equipment: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Energizer Holdings, Inc.144A | 4.38 | &nbsp;&nbsp; 3-31-2029 | 620000 | &nbsp;&nbsp; 592414 |
| &nbsp;&nbsp;&nbsp; WESCO Distribution, Inc.144A | 6.63 | &nbsp;&nbsp; 3-15-2032 | 725000 | &nbsp;&nbsp; 757019 |
|  |  |  |  | &nbsp;&nbsp; **1349433** |
| **Electronics: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sensata Technologies, Inc.144A | 6.63 | &nbsp;&nbsp; 7-15-2032 | 80000 | &nbsp;&nbsp; **83766** |
| **Environmental control: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clean Harbors, Inc.144A | 6.38 | &nbsp;&nbsp; 2-1-2031 | 380000 | &nbsp;&nbsp; **391067** |
| **Machinery-diversified: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc.144A | 7.50 | &nbsp;&nbsp; 1-1-2030 | 230000 | &nbsp;&nbsp; 239716 |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc.144A | 9.50 | &nbsp;&nbsp; 1-1-2031 | 455000 | &nbsp;&nbsp; 482953 |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc.144A | 5.25 | &nbsp;&nbsp; 7-15-2027 | 335000 | &nbsp;&nbsp; 335079 |
|  |  |  |  | &nbsp;&nbsp; **1057748** |
| **Miscellaneous manufacturing: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 5.95 | &nbsp;&nbsp; 6-15-2030 | 265000 | &nbsp;&nbsp; **270303** |
| **Packaging & containers: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc.144A | 6.88 | &nbsp;&nbsp; 1-15-2030 | 245000 | &nbsp;&nbsp; 251125 |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc.144A | 8.75 | &nbsp;&nbsp; 4-15-2030 | 770000 | &nbsp;&nbsp; 782843 |
|  |  |  |  | &nbsp;&nbsp; **1033968** |
| **Transportation: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Genesee & Wyoming, Inc.144A | 6.25 | &nbsp;&nbsp; 4-15-2032 | 585000 | &nbsp;&nbsp; **603283** |
| **Trucking & leasing: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC144A | 5.50 | &nbsp;&nbsp; 5-1-2028 | 560000 | &nbsp;&nbsp; 560490 |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC144A | 7.00 | &nbsp;&nbsp; 5-1-2031 | 825000 | &nbsp;&nbsp; 868798 |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC144A | 7.00 | &nbsp;&nbsp; 6-15-2032 | 310000 | &nbsp;&nbsp; 325888 |
|  |  |  |  | &nbsp;&nbsp; **1755176** |
| **Technology: 1.69%** |  |  |  |  |
| **Computers: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Diebold Nixdorf, Inc.144A | 7.75 | &nbsp;&nbsp; 3-31-2030 | 595000 | &nbsp;&nbsp; 633178 |
| &nbsp;&nbsp;&nbsp; Insight Enterprises, Inc.144A | 6.63 | &nbsp;&nbsp; 5-15-2032 | 295000 | &nbsp;&nbsp; 303259 |
|  |  |  |  | &nbsp;&nbsp; **936437** |
| **Office/business equipment: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Zebra Technologies Corp.144A | 6.50 | &nbsp;&nbsp; 6-1-2032 | 490000 | &nbsp;&nbsp; **506525** |
| **Software: 1.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc.144A | 6.50 | &nbsp;&nbsp; 2-15-2030 | 650000 | &nbsp;&nbsp; 648044 |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 11

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Software**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Parent, Inc./CDK Global, Inc.144A | 7.25<br> %<br>| &nbsp;&nbsp; 6-15-2029 | $190000 | &nbsp;&nbsp; $161084 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 8.25 | &nbsp;&nbsp; 6-30-2032 | 1025000 | &nbsp;&nbsp; 1071166 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 9.00 | &nbsp;&nbsp; 9-30-2029 | 1495000 | &nbsp;&nbsp; 1557058 |
| &nbsp;&nbsp;&nbsp; CoreWeave, Inc.144A | 9.00 | &nbsp;&nbsp; 2-1-2031 | 465000 | &nbsp;&nbsp; 426182 |
| &nbsp;&nbsp;&nbsp; Ellucian Holdings, Inc.144A | 6.50 | &nbsp;&nbsp; 12-1-2029 | 605000 | &nbsp;&nbsp; 616889 |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc.144A | 6.50 | &nbsp;&nbsp; 2-15-2029 | 165000 | &nbsp;&nbsp; 161696 |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc.144A | 9.00 | &nbsp;&nbsp; 11-28-2028 | 650000 | &nbsp;&nbsp; 670252 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies, Inc.144A | 6.50 | &nbsp;&nbsp; 6-1-2032 | 700000 | &nbsp;&nbsp; 728290 |
|  |  |  |  | &nbsp;&nbsp; **6040661** |
| **Utilities: 1.80%** |  |  |  |  |
| **Electric: 1.80%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AES Corp. (5 Year Treasury Constant Maturity+2.89%)± | 6.95 | &nbsp;&nbsp; 7-15-2055 | 600000 | &nbsp;&nbsp; 592391 |
| &nbsp;&nbsp;&nbsp; AES Corp. (5 Year Treasury Constant Maturity+3.20%)± | 7.60 | &nbsp;&nbsp; 1-15-2055 | 495000 | &nbsp;&nbsp; 504112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edison International (5 Year Treasury Constant <br> Maturity+3.86%)±<br>| 8.13 | &nbsp;&nbsp; 6-15-2053 | 420000 | &nbsp;&nbsp; 437019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUSHI Finance, Inc. (5 Year Treasury Constant <br> Maturity+3.14%)±<br>| 7.63 | &nbsp;&nbsp; 12-15-2054 | 730000 | &nbsp;&nbsp; 767412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pattern Energy Operations LP/Pattern Energy Operations, <br> Inc.144A<br>| 4.50 | &nbsp;&nbsp; 8-15-2028 | 925000 | &nbsp;&nbsp; 912312 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. | 5.25 | &nbsp;&nbsp; 7-1-2030 | 750000 | &nbsp;&nbsp; 744688 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. (5 Year Treasury Constant Maturity+3.88%)± | 7.38 | &nbsp;&nbsp; 3-15-2055 | 870000 | &nbsp;&nbsp; 906097 |
| &nbsp;&nbsp;&nbsp; Sempra (5 Year Treasury Constant Maturity+2.87%)± | 4.13 | &nbsp;&nbsp; 4-1-2052 | 410000 | &nbsp;&nbsp; 401668 |
| &nbsp;&nbsp;&nbsp; Vistra Corp. (5 Year Treasury Constant Maturity+5.74%)144Aʊ± | 7.00 | &nbsp;&nbsp; 12-15-2026 | 445000 | &nbsp;&nbsp; 452771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Corp. Series C (5 Year Treasury Constant <br> Maturity+5.05%)144Aʊ±<br>| 8.88 | &nbsp;&nbsp; 1-15-2029 | 625000 | &nbsp;&nbsp; 688619 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 7.75 | &nbsp;&nbsp; 10-15-2031 | 620000 | &nbsp;&nbsp; 656690 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP144A | 7.25 | &nbsp;&nbsp; 1-15-2029 | 860000 | &nbsp;&nbsp; 881166 |
|  |  |  |  | &nbsp;&nbsp; **7944945** |
| **Total corporate bonds and notes (Cost $123,454,221)** |  |  |  | &nbsp;&nbsp; **126011601** |
| **Foreign corporate bonds and notes: 5.42%** |  |  |  |  |
| **Consumer, cyclical: 0.11%** |  |  |  |  |
| **Auto manufacturers: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; RCI Banque SA (EURIBOR ICE Swap Rate 11:00am+3.84%)ʊ± | 6.13 | &nbsp;&nbsp; 9-24-2030 | 400000 | &nbsp;&nbsp; **472554** |
| **Financial: 5.31%** |  |  |  |  |
| **Banks: 4.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Abanca Corp. Bancaria SA (EURIBOR ICE Swap Rate <br> 11:00am+3.89%)ʊ±<br>| 6.13 | &nbsp;&nbsp; 9-19-2031 | 400000 | &nbsp;&nbsp; 474740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABN AMRO Bank NV (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+3.90%)ʊ±<br>| 4.75 | &nbsp;&nbsp; 9-22-2027 | 1300000 | &nbsp;&nbsp; 1540845 |
| &nbsp;&nbsp;&nbsp; AIB Group PLC (EURIBOR ICE Swap Rate 11:00am+4.39%)ʊ± | 7.13 | &nbsp;&nbsp; 10-30-2029 | 1000000 | &nbsp;&nbsp; 1269322 |
| &nbsp;&nbsp;&nbsp; Bankinter SA (EURIBOR ICE Swap Rate 11:00am+3.86%)ʊ± | 6.00 | &nbsp;&nbsp; 6-30-2030 | 1000000 | &nbsp;&nbsp; 1208975 |
| &nbsp;&nbsp;&nbsp; Barclays PLC (EURIBOR ICE Swap Rate 11:00am+3.56%)ʊ± | 6.13 | &nbsp;&nbsp; 12-15-2035 | 500000 | &nbsp;&nbsp; 587111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays PLC (ICE Swap Rate GBP SONIA 11:00am 5 <br> Year+4.69%)ʊ±<br>| 8.38 | &nbsp;&nbsp; 9-15-2031 | 600000 | &nbsp;&nbsp; 866622 |
| &nbsp;&nbsp;&nbsp; BAWAG Group AG (EURIBOR ICE Swap Rate 11:00am+5.05%)ʊ± | 7.25 | &nbsp;&nbsp; 9-18-2029 | 800000 | &nbsp;&nbsp; 1003376 |

---

See accompanying notes to portfolio of investments

12 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Banks**(continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CaixaBank SA (EURIBOR ICE Swap Rate 11:00am+5.14%)ʊ± | 8.25<br> %<br>| &nbsp;&nbsp; 3-13-2029 | EUR | 800000 | &nbsp;&nbsp; $1045254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Agricole SA (EURIBOR ICE Swap Rate <br> 11:00am+4.44%)ʊ±<br>| 7.25 | &nbsp;&nbsp; 9-23-2028 | EUR | 1300000 | &nbsp;&nbsp; 1634832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deutsche Bank AG (EURIBOR ICE Swap Rate <br> 11:00am+4.04%)ʊ±<br>| 6.75 | &nbsp;&nbsp; 10-30-2034 | EUR | 400000 | &nbsp;&nbsp; 480069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deutsche Bank AG (EURIBOR ICE Swap Rate <br> 11:00am+5.11%)ʊ±<br>| 7.38 | &nbsp;&nbsp; 10-30-2031 | EUR | 600000 | &nbsp;&nbsp; 758991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+5.85%)ʊ±<br>| 5.50 | &nbsp;&nbsp; 3-1-2028 | EUR | 1200000 | &nbsp;&nbsp; 1443733 |
| &nbsp;&nbsp;&nbsp; Investec PLC (UK Gilts 5 Year+6.57%)ʊ± | 10.50 | &nbsp;&nbsp; 8-28-2029 | GBP | 500000 | &nbsp;&nbsp; 753308 |
| &nbsp;&nbsp;&nbsp; KBC Group NV (EURIBOR ICE Swap Rate 11:00am+3.99%)ʊ± | 6.25 | &nbsp;&nbsp; 9-17-2031 | EUR | 1000000 | &nbsp;&nbsp; 1232644 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC (UK Gilts 5 Year+5.88%)ʊ± | 8.50 | &nbsp;&nbsp; 9-27-2027 | GBP | 1000000 | &nbsp;&nbsp; 1411978 |
| &nbsp;&nbsp;&nbsp; NatWest Group PLC (UK Gilts 5 Year+3.29%)ʊ± | 7.50 | &nbsp;&nbsp; 2-28-2032 | GBP | 500000 | &nbsp;&nbsp; 699198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unicaja Banco SA (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+5.02%)ʊ±<br>| 4.88 | &nbsp;&nbsp; 11-18-2026 | EUR | 600000 | &nbsp;&nbsp; 710409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UniCredit SpA (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+4.61%)ʊ±<br>| 4.45 | &nbsp;&nbsp; 12-3-2027 | EUR | 1200000 | &nbsp;&nbsp; 1414584 |
|  |  |  |  |  | &nbsp;&nbsp; **18535991** |
| **Insurance: 0.67%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Achmea BV (EURIBOR ICE Swap Rate 11:00am+3.74%)ʊ± | 6.13 | &nbsp;&nbsp; 1-28-2035 | EUR | 250000 | &nbsp;&nbsp; 302675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASR Nederland NV (EURIBOR ICE Swap Rate <br> 11:00am+4.03%)ʊ±<br>| 6.63 | &nbsp;&nbsp; 12-27-2031 | EUR | 900000 | &nbsp;&nbsp; 1134172 |
| &nbsp;&nbsp;&nbsp; Aviva PLC (UK Gilts 5 Year+4.65%)ʊ± | 6.88 | &nbsp;&nbsp; 12-15-2031 | GBP | 750000 | &nbsp;&nbsp; 1038252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BPCE Assurances SA (EURIBOR ICE Swap Rate <br> 11:00am+3.42%)ʊ±<br>| 5.75 | &nbsp;&nbsp; 4-22-2032 | EUR | 400000 | &nbsp;&nbsp; 472476 |
|  |  |  |  |  | &nbsp;&nbsp; **2947575** |
| **Savings & loans: 0.45%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Coventry Building Society (UK Gilts 5 Year+4.73%)ʊ± | 8.75 | &nbsp;&nbsp; 6-11-2029 | GBP | 400000 | &nbsp;&nbsp; 579325 |
| &nbsp;&nbsp;&nbsp; Nationwide Building Society (UK Gilts 5 Year+3.85%)ʊ± | 7.50 | &nbsp;&nbsp; 12-20-2030 | GBP | 1000000 | &nbsp;&nbsp; 1403009 |
|  |  |  |  |  | &nbsp;&nbsp; **1982334** |
| **Total foreign corporate bonds and notes (Cost $21,308,646)** |  |  |  |  | &nbsp;&nbsp; **23938454** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Investment companies: 8.48%** |  |  |
| **Exchange-traded funds: 8.48%** |  |  |
| &nbsp;&nbsp;&nbsp; iShares 1-3 Year Treasury Bond ETF | 226371 | &nbsp;&nbsp; 18748046 |
| &nbsp;&nbsp;&nbsp; iShares 3-7 Year Treasury Bond ETF | 156937 | &nbsp;&nbsp; 18730431 |
| **Total investment companies (Cost $37,489,964)** |  | &nbsp;&nbsp; **37478477** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | Principal |  |
| **Loans: 1.63%** |  |  |  |  |
| **Communications: 0.60%** |  |  |  |  |
| **Media: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC (U.S. SOFR 3 Month+5.25%)± | 9.35 | &nbsp;&nbsp; 8-2-2029 | $594725 | &nbsp;&nbsp; 596040 |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 13

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Media**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; EW Scripps Co. (U.S. SOFR 1 Month+5.75%)± | 9.60<br> %<br>| &nbsp;&nbsp; 6-30-2028 | $209066 | &nbsp;&nbsp; $210858 |
| &nbsp;&nbsp;&nbsp; Hubbard Radio LLC (U.S. SOFR 1 Month+4.50%)‡± | 8.22 | &nbsp;&nbsp; 9-30-2027 | 284401 | &nbsp;&nbsp; 56880 |
|  |  |  |  | &nbsp;&nbsp; **863778** |
| **Telecommunications: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CommScope, Inc. (U.S. SOFR 1 Month+4.75%)± | 8.47 | &nbsp;&nbsp; 12-17-2029 | 855000 | &nbsp;&nbsp; 855402 |
| &nbsp;&nbsp;&nbsp; Connect Finco Sarl (U.S. SOFR 1 Month+4.50%)± | 8.22 | &nbsp;&nbsp; 9-27-2029 | 397975 | &nbsp;&nbsp; 396813 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc. (U.S. SOFR 1 Month+2.35%)± | 4.35 | &nbsp;&nbsp; 4-15-2030 | 525958 | &nbsp;&nbsp; 522376 |
|  |  |  |  | &nbsp;&nbsp; **1774591** |
| **Consumer, cyclical: 0.24%** |  |  |  |  |
| **Airlines: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Vista Management Holding, Inc. (U.S. SOFR 3 Month+3.75%)± | 7.74 | &nbsp;&nbsp; 4-1-2031 | 202950 | &nbsp;&nbsp; **204640** |
| **Housewares: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Greetings Corp. (U.S. SOFR 1 Month+5.75%)± | 9.47 | &nbsp;&nbsp; 10-30-2029 | 556678 | &nbsp;&nbsp; **548896** |
| **Retail: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Michaels Cos., Inc. (U.S. SOFR 3 Month+4.25%)± | 8.18 | &nbsp;&nbsp; 4-17-2028 | 334125 | &nbsp;&nbsp; **322431** |
| **Consumer, non-cyclical: 0.30%** |  |  |  |  |
| **Commercial services: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Hertz Corp. (U.S. SOFR 1 Month+3.50%)± | 7.33 | &nbsp;&nbsp; 6-30-2028 | 431229 | &nbsp;&nbsp; **361288** |
| **Healthcare-products: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corp. (U.S. SOFR 1 Month+4.25%)± | 7.97 | &nbsp;&nbsp; 1-15-2031 | 298500 | &nbsp;&nbsp; **301186** |
| **Healthcare-services: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Modivcare, Inc. (U.S. SOFR 3 Month+6.75%)± | 10.55 | &nbsp;&nbsp; 7-1-2031 | 1110405 | &nbsp;&nbsp; 421954 |
| &nbsp;&nbsp;&nbsp; Modivcare, Inc. (U.S. SOFR 1 Month+7.00%)‡± | 10.73 | &nbsp;&nbsp; 2-22-2026 | 92194 | &nbsp;&nbsp; 89428 |
| &nbsp;&nbsp;&nbsp; Modivcare, Inc. (U.S. SOFR 1 Month+7.00%)‡± | 10.82 | &nbsp;&nbsp; 2-22-2026 | 54665 | &nbsp;&nbsp; 53025 |
| &nbsp;&nbsp;&nbsp; Modivcare, Inc. (U.S. SOFR 1 Month+11.50%)± | 15.44 | &nbsp;&nbsp; 1-12-2026 | 190990 | &nbsp;&nbsp; 72576 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC (U.S. SOFR 3 Month+3.75%)± | 7.59 | &nbsp;&nbsp; 12-31-2030 | 49781 | &nbsp;&nbsp; 49806 |
|  |  |  |  | &nbsp;&nbsp; **686789** |
| **Energy: 0.06%** |  |  |  |  |
| **Pipelines: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Prairie Acquiror LP (U.S. SOFR 1 Month+3.75%)± | 7.47 | &nbsp;&nbsp; 8-1-2029 | 265302 | &nbsp;&nbsp; **266572** |
| **Financial: 0.21%** |  |  |  |  |
| **Insurance: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Asurion LLC (U.S. SOFR 1 Month+4.25%)± | 7.97 | &nbsp;&nbsp; 9-19-2030 | 271498 | &nbsp;&nbsp; 271287 |
| &nbsp;&nbsp;&nbsp; Asurion LLC (U.S. SOFR 1 Month+5.25%)± | 9.08 | &nbsp;&nbsp; 1-31-2028 | 659029 | &nbsp;&nbsp; 655839 |
|  |  |  |  | &nbsp;&nbsp; **927126** |
| **Industrial: 0.10%** |  |  |  |  |
| **Packaging & containers: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Owens-Illinois, Inc. (U.S. SOFR 3 Month+3.00%)± | 6.84 | &nbsp;&nbsp; 9-30-2032 | 420000 | &nbsp;&nbsp; **423020** |

---

See accompanying notes to portfolio of investments

14 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Technology: 0.12%** |  |  |  |  |
| **Computers: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; McAfee Corp. (U.S. SOFR 1 Month+3.00%)± | 6.72<br> %<br>| &nbsp;&nbsp; 3-1-2029 | $376200 | &nbsp;&nbsp; **$345987** |
| **Software: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc. (U.S. SOFR 1 Month+3.75%)± | 7.47 | &nbsp;&nbsp; 11-28-2028 | 181777 | &nbsp;&nbsp; **181675** |
| **Total loans (Cost $8,238,021)** |  |  |  | &nbsp;&nbsp; **7207979** |
| **Municipal obligations: 2.67%** |  |  |  |  |
| **California: 0.36%** |  |  |  |  |
| **Education revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; California PFA EEC, Inc. Series B144A | 5.00 | &nbsp;&nbsp; 6-15-2031 | 860000 | &nbsp;&nbsp; **834727** |
| **Tobacco revenue: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Golden State Tobacco Securitization Corp. Series A-1 | 4.21 | &nbsp;&nbsp; 6-1-2050 | 1000000 | &nbsp;&nbsp; **731263** |
|  |  |  |  | &nbsp;&nbsp; **1565990** |
| **Colorado: 0.10%** |  |  |  |  |
| **Health revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Denver Health & Hospital Authority Series B | 5.15 | &nbsp;&nbsp; 12-1-2026 | 445000 | &nbsp;&nbsp; **445322** |
| **Florida: 0.29%** |  |  |  |  |
| **Education revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Higher Educational Facilities Financing Authority <br> Jacksonville University Series A-2144A<br>| 5.43 | &nbsp;&nbsp; 6-1-2027 | 255000 | &nbsp;&nbsp; **256380** |
| **Water & sewer revenue: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte County IDA MSKP Town & Country Utility LLC <br> Series B144A<br>| 5.00 | &nbsp;&nbsp; 10-1-2036 | 1105000 | &nbsp;&nbsp; **1018741** |
|  |  |  |  | &nbsp;&nbsp; **1275121** |
| **Georgia: 0.02%** |  |  |  |  |
| **Health revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Development Authority of Cobb County Presbyterian Village <br> Austell, Inc. Series B144A<br>| 5.75 | &nbsp;&nbsp; 12-1-2028 | 100000 | &nbsp;&nbsp; **99526** |
| **Guam: 0.13%** |  |  |  |  |
| **Airport revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Antonio B Won Pat International Airport Authority Series A | 4.46 | &nbsp;&nbsp; 10-1-2043 | 675000 | &nbsp;&nbsp; **581633** |
| **Illinois: 0.23%** |  |  |  |  |
| **GO revenue: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series E | 6.04 | &nbsp;&nbsp; 12-1-2029 | 1025000 | &nbsp;&nbsp; **1019016** |
| **Indiana: 0.11%** |  |  |  |  |
| **Health revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Knox Good Samaritan Hospital Obligated Group <br> Series B<br>| 5.90 | &nbsp;&nbsp; 4-1-2034 | 480000 | &nbsp;&nbsp; **481470** |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 15

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Iowa: 0.27%** |  |  |  |  |
| **Housing revenue: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Coralville Series C | 5.00<br> %<br>| &nbsp;&nbsp; 5-1-2030 | $1200000 | &nbsp;&nbsp; **$1200541** |
| **Louisiana: 0.09%** |  |  |  |  |
| **Health revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana Local Government Environmental Facilities & CDA Glen <br> Retirement System Obligated Group Series B<br>| 5.75 | &nbsp;&nbsp; 1-1-2029 | 405000 | &nbsp;&nbsp; **399557** |
| **New Jersey: 0.22%** |  |  |  |  |
| **Education revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey Educational Facilities Authority Georgian Court <br> University A New Jersey Non Profit Corp. Series H<br>| 4.25 | &nbsp;&nbsp; 7-1-2028 | 1000000 | &nbsp;&nbsp; **973567** |
| **New York: 0.27%** |  |  |  |  |
| **Education revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Dormitory Authority St. John's University <br> Series B<br>| 3.43 | &nbsp;&nbsp; 7-1-2051 | 1465000 | &nbsp;&nbsp; **978239** |
| **Health revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson County Civic Facility Development Corp. Samaritan <br> Medical Center Obligated Group Series B<br>| 4.25 | &nbsp;&nbsp; 11-1-2028 | 115000 | &nbsp;&nbsp; **112427** |
| **Utilities revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Energy Research & Development Authority <br> Series A<br>| 4.81 | &nbsp;&nbsp; 4-1-2034 | 105000 | &nbsp;&nbsp; **104732** |
|  |  |  |  | &nbsp;&nbsp; **1195398** |
| **Oklahoma: 0.11%** |  |  |  |  |
| **Health revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority OU Medicine <br> Obligated Group Series C<br>| 5.45 | &nbsp;&nbsp; 8-15-2028 | 500000 | &nbsp;&nbsp; **497116** |
| **Texas: 0.37%** |  |  |  |  |
| **Industrial development revenue: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont IDA Jefferson 2020 Bond Lessee & <br> Borrower LLC Obligated Group Series B144A<br>| 4.10 | &nbsp;&nbsp; 1-1-2028 | 700000 | &nbsp;&nbsp; 637475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District Jefferson 2020 Bond <br> Lessee & Borrower LLC Obligated Group Series B144A<br>| 10.00 | &nbsp;&nbsp; 7-1-2026 | 1000000 | &nbsp;&nbsp; 1003896 |
|  |  |  |  | &nbsp;&nbsp; **1641371** |
| **Wisconsin: 0.10%** |  |  |  |  |
| **Education revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PFA Burrell College of Osteopathic Medicine LLC144A | 5.13 | &nbsp;&nbsp; 6-1-2028 | 430000 | &nbsp;&nbsp; **425538** |
| **Total municipal obligations (Cost $12,336,748)** |  |  |  | &nbsp;&nbsp; **11801166** |

---

See accompanying notes to portfolio of investments

16 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—December 31, 2025 (unaudited)

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

---

| | | | |
|:---|:---|:---|:---|
|  | Dividend <br>rate<br>| Shares | Value |
| **Preferred stocks: 0.33%** |  |  |  |
| **Energy: 0.33%** |  |  |  |
| **Oil, gas & consumable fuels: 0.33%** |  |  |  |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA | 0.05 | 259392 | &nbsp;&nbsp; $**1456086** |
| **Total preferred stocks (Cost $1,795,620)** |  |  | &nbsp;&nbsp; **1456086** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal |  |
| **Yankee corporate bonds and notes: 8.50%** |  |  |  |  |
| **Communications: 1.36%** |  |  |  |  |
| **Internet: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rakuten Group, Inc.144A | 9.75<br> %<br>| &nbsp;&nbsp; 4-15-2029 | $870000 | &nbsp;&nbsp; **973060** |
| **Media: 0.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virgin Media Finance PLC144A | 5.00 | &nbsp;&nbsp; 7-15-2030 | 340000 | &nbsp;&nbsp; 299746 |
| &nbsp;&nbsp;&nbsp; Virgin Media Secured Finance PLC144A | 4.50 | &nbsp;&nbsp; 8-15-2030 | 850000 | &nbsp;&nbsp; 786875 |
| &nbsp;&nbsp;&nbsp; VZ Secured Financing BV144A | 5.00 | &nbsp;&nbsp; 1-15-2032 | 695000 | &nbsp;&nbsp; 628943 |
|  |  |  |  | &nbsp;&nbsp; **1715564** |
| **Telecommunications: 0.75%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rogers Communications, Inc. (5 Year Treasury Constant <br> Maturity+2.62%)±<br>| 7.13 | &nbsp;&nbsp; 4-15-2055 | 1200000 | &nbsp;&nbsp; 1263590 |
| &nbsp;&nbsp;&nbsp; Telecom Italia Capital SA | 7.20 | &nbsp;&nbsp; 7-18-2036 | 440000 | &nbsp;&nbsp; 477161 |
| &nbsp;&nbsp;&nbsp; TELUS Corp. (5 Year Treasury Constant Maturity+2.52%)± | 6.63 | &nbsp;&nbsp; 6-9-2056 | 155000 | &nbsp;&nbsp; 154849 |
| &nbsp;&nbsp;&nbsp; TELUS Corp. (5 Year Treasury Constant Maturity+2.77%)± | 6.63 | &nbsp;&nbsp; 10-15-2055 | 655000 | &nbsp;&nbsp; 668390 |
| &nbsp;&nbsp;&nbsp; Zegona Finance PLC144A | 8.63 | &nbsp;&nbsp; 7-15-2029 | 719000 | &nbsp;&nbsp; 762630 |
|  |  |  |  | &nbsp;&nbsp; **3326620** |
| **Consumer, cyclical: 0.91%** |  |  |  |  |
| **Airlines: 0.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Air Canada Pass-Through Trust Series 2020-1 Class C144A | 10.50 | &nbsp;&nbsp; 7-15-2026 | 350000 | &nbsp;&nbsp; 359696 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA144A | 7.63 | &nbsp;&nbsp; 1-7-2031 | 365000 | &nbsp;&nbsp; 383225 |
| &nbsp;&nbsp;&nbsp; Latam Airlines Group SA144A | 7.88 | &nbsp;&nbsp; 4-15-2030 | 540000 | &nbsp;&nbsp; 567956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management Holding, <br> Inc.144A<br>| 6.38 | &nbsp;&nbsp; 2-1-2030 | 420000 | &nbsp;&nbsp; 399692 |
|  |  |  |  | &nbsp;&nbsp; **1710569** |
| **Auto manufacturers: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nissan Motor Co. Ltd.144A | 8.13 | &nbsp;&nbsp; 7-17-2035 | 525000 | &nbsp;&nbsp; **557877** |
| **Entertainment: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Banijay Entertainment SASU144A | 8.13 | &nbsp;&nbsp; 5-1-2029 | 755000 | &nbsp;&nbsp; **784427** |
| **Leisure time: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Carnival Corp.144A | 5.75 | &nbsp;&nbsp; 8-1-2032 | 235000 | &nbsp;&nbsp; 241176 |
| &nbsp;&nbsp;&nbsp; Carnival Corp.144A | 6.13 | &nbsp;&nbsp; 2-15-2033 | 700000 | &nbsp;&nbsp; 722813 |
|  |  |  |  | &nbsp;&nbsp; **963989** |

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 17

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Consumer, non-cyclical: 1.07%** |  |  |  |  |
| **Cosmetics/Personal Care: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Opal Bidco SAS144A | 6.50<br> %<br>| &nbsp;&nbsp; 3-31-2032 | $625000 | &nbsp;&nbsp; $640137 |
| &nbsp;&nbsp;&nbsp; Perrigo Finance Unlimited Co. | 6.13 | &nbsp;&nbsp; 9-30-2032 | 910000 | &nbsp;&nbsp; 886401 |
|  |  |  |  | &nbsp;&nbsp; **1526538** |
| **Food: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Froneri Lux Finco Sarl144A | 6.00 | &nbsp;&nbsp; 8-1-2032 | 470000 | &nbsp;&nbsp; **476415** |
| **Healthcare-products: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corp.144A | 8.38 | &nbsp;&nbsp; 10-1-2028 | 630000 | &nbsp;&nbsp; **657562** |
| **Pharmaceuticals: 0.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 1261229 BC Ltd.144A | 10.00 | &nbsp;&nbsp; 4-15-2032 | 1135000 | &nbsp;&nbsp; 1180419 |
| &nbsp;&nbsp;&nbsp; Bausch Health Cos., Inc.144A | 6.25 | &nbsp;&nbsp; 2-15-2029 | 270000 | &nbsp;&nbsp; 217350 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV | 8.13 | &nbsp;&nbsp; 9-15-2031 | 600000 | &nbsp;&nbsp; 690864 |
|  |  |  |  | &nbsp;&nbsp; **2088633** |
| **Energy: 0.13%** |  |  |  |  |
| **Oil & gas: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Borr IHC Ltd./Borr Finance LLC144A | 10.00 | &nbsp;&nbsp; 11-15-2028 | 358537 | &nbsp;&nbsp; 360212 |
| &nbsp;&nbsp;&nbsp; Saturn Oil & Gas, Inc.144A | 9.63 | &nbsp;&nbsp; 6-15-2029 | 229000 | &nbsp;&nbsp; 225773 |
|  |  |  |  | &nbsp;&nbsp; **585985** |
| **Financial: 4.19%** |  |  |  |  |
| **Banks: 3.77%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA (5 Year Treasury Constant <br> Maturity+5.10%)ʊ±<br>| 9.38 | &nbsp;&nbsp; 3-19-2029 | 900000 | &nbsp;&nbsp; 1004398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco del Estado de Chile (5 Year Treasury Constant <br> Maturity+3.23%)144Aʊ±<br>| 7.95 | &nbsp;&nbsp; 5-2-2029 | 450000 | &nbsp;&nbsp; 477000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Santander SA (5 Year Treasury Constant <br> Maturity+5.31%)ʊ±<br>| 9.63 | &nbsp;&nbsp; 11-21-2028 | 800000 | &nbsp;&nbsp; 886753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays PLC (USD SOFR ICE Swap Rate 11:00am NY 5 <br> Year+5.78%)ʊ±<br>| 9.63 | &nbsp;&nbsp; 12-15-2029 | 800000 | &nbsp;&nbsp; 906237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant <br> Maturity+2.85%)144Aʊ±<br>| 6.88 | &nbsp;&nbsp; 12-15-2033 | 545000 | &nbsp;&nbsp; 547339 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant Maturity+2.85%)ʊ± | 6.88 | &nbsp;&nbsp; 12-15-2033 | 1500000 | &nbsp;&nbsp; 1506438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant <br> Maturity+3.73%)144Aʊ±<br>| 8.00 | &nbsp;&nbsp; 8-22-2031 | 630000 | &nbsp;&nbsp; 679821 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant Maturity+4.35%)ʊ± | 8.50 | &nbsp;&nbsp; 8-14-2028 | 1400000 | &nbsp;&nbsp; 1485679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC Holdings PLC (5 Year Treasury Constant <br> Maturity+3.65%)ʊ±<br>| 4.60 | &nbsp;&nbsp; 12-17-2030 | 1500000 | &nbsp;&nbsp; 1426418 |
| &nbsp;&nbsp;&nbsp; ING Groep NV (5 Year Treasury Constant Maturity+3.51%)ʊ± | 4.88 | &nbsp;&nbsp; 5-16-2029 | 1000000 | &nbsp;&nbsp; 967751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC (5 Year Treasury Constant <br> Maturity+2.68%)ʊ±<br>| 6.63 | &nbsp;&nbsp; 9-27-2035 | 500000 | &nbsp;&nbsp; 499172 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp (5 Year Treasury Constant Maturity+2.72%)ʊ± | 6.75 | &nbsp;&nbsp; 11-10-2033 | 1000000 | &nbsp;&nbsp; 1026759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Societe Generale SA (5 Year Treasury Constant <br> Maturity+5.39%)ʊ±<br>| 9.38 | &nbsp;&nbsp; 11-22-2027 | 1200000 | &nbsp;&nbsp; 1281788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Chartered PLC (5 Year Treasury Constant <br> Maturity+2.87%)ʊ±<br>| 7.00 | &nbsp;&nbsp; 11-14-2035 | 1500000 | &nbsp;&nbsp; 1543755 |

---

See accompanying notes to portfolio of investments

18 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB (5 Year Treasury Constant <br> Maturity+4.05%)ʊ±<br>| 4.75<br> %<br>| &nbsp;&nbsp; 3-1-2031 | $1000000 | &nbsp;&nbsp; $949252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (5 Year Treasury Constant <br> Maturity+3.40%)144Aʊ±<br>| 4.88 | &nbsp;&nbsp; 2-12-2027 | 395000 | &nbsp;&nbsp; 391353 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (5 Year Treasury Constant Maturity+3.40%)ʊ± | 4.88 | &nbsp;&nbsp; 2-12-2027 | 800000 | &nbsp;&nbsp; 792613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (USD SOFR ICE Swap Rate 11:00am NY 5 <br> Year+4.16%)144Aʊ±<br>| 7.75 | &nbsp;&nbsp; 4-12-2031 | 245000 | &nbsp;&nbsp; 264118 |
|  |  |  |  | &nbsp;&nbsp; **16636644** |
| **Diversified financial services: 0.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; GGAM Finance Ltd.144A | 5.88 | &nbsp;&nbsp; 3-15-2030 | 725000 | &nbsp;&nbsp; 735723 |
| &nbsp;&nbsp;&nbsp; Global Aircraft Leasing Co. Ltd.144A | 8.75 | &nbsp;&nbsp; 9-1-2027 | 735000 | &nbsp;&nbsp; 762231 |
| &nbsp;&nbsp;&nbsp; goeasy Ltd.144A | 7.63 | &nbsp;&nbsp; 7-1-2029 | 385000 | &nbsp;&nbsp; 380695 |
|  |  |  |  | &nbsp;&nbsp; **1878649** |
| **Industrial: 0.41%** |  |  |  |  |
| **Electronics: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sensata Technologies BV144A | 5.88 | &nbsp;&nbsp; 9-1-2030 | 700000 | &nbsp;&nbsp; **710716** |
| **Packaging & containers: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV144A | 8.25 | &nbsp;&nbsp; 7-15-2030 | 481000 | &nbsp;&nbsp; 515625 |
| &nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV144A | 12.25 | &nbsp;&nbsp; 1-15-2031 | 530000 | &nbsp;&nbsp; 575069 |
|  |  |  |  | &nbsp;&nbsp; **1090694** |
| **Technology: 0.25%** |  |  |  |  |
| **Computers: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Seagate Data Storage Technology Pte. Ltd.144A | 8.50 | &nbsp;&nbsp; 7-15-2031 | 635000 | &nbsp;&nbsp; **675108** |
| **Semiconductors: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kioxia Holdings Corp.144A | 6.63 | &nbsp;&nbsp; 7-24-2033 | 395000 | &nbsp;&nbsp; **410751** |
| **Utilities: 0.18%** |  |  |  |  |
| **Electric: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp. (5 Year Treasury Constant <br> Maturity+3.25%)±<br>| 4.75 | &nbsp;&nbsp; 1-18-2082 | 800000 | &nbsp;&nbsp; **788934** |
| **Total yankee corporate bonds and notes (Cost $36,493,289)** |  |  |  | &nbsp;&nbsp; **37558735** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 10.53%** |  |  |  |  |
| **Investment companies: 10.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞ |  | 3.71 | 46525520 | &nbsp;&nbsp; **46525520** |
| **Total short-term investments (Cost $46,525,520)** |  |  |  | &nbsp;&nbsp; **46525520** |
| **Total investments in securities (Cost $386,317,391)** | 97.89<br> %<br>|  |  | &nbsp;&nbsp; 432489926 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | 2.11 |  |  | &nbsp;&nbsp; 9314671 |
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$441804597** |

---

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

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 19

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| |
|:---|
| The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of <br> 1933.<br>|
| Non-income-earning security |
| Restricted security as to resale, excluding Rule 144A securities. The Fund held restricted securities with an aggregate current value of $762,437 (an aggregate <br> original cost of $346,333), representing 0.17% of its net assets as of period end.<br>|
| The security is fair valued in accordance with procedures approved by Allspring Funds Management, LLC. |
| Variable rate investment. The rate shown is the rate in effect at period end. |
| ¥A payment-in-kind (PIK) security is a security in which the issuer may make interest or dividend payments in cash or additional securities or a combination of both. <br> The rate shown is the rate in effect at period end.<br>|
| Security is perpetual in nature and has no stated maturity date. The date shown reflects the next call date. |
| Security is valued using significant unobservable inputs. |
| The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. |
| The rate represents the 7-day annualized yield at period end. |

---

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

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| ADR | American depositary receipt |
| CDA | Community Development Authority |
| EUR | Euro |
| EURIBOR | Euro Interbank Offered Rate |
| GBP | Great British pound |
| GO | General obligation |
| IDA | Industrial Development Authority |
| PFA | Public Finance Authority |
| REIT | Real estate investment trust |
| SOFR | Secured Overnight Financing Rate |
| SONIA | Sterling Overnight Index Average |

---

**Investments in affiliates**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select <br> Class<br>| $7366210 | $102555867 | $(63396557)<br>| $0 | $0 | $46525520 | 46525520 | $284921 |

---

**Forward foreign currency contracts** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency to be <br>received | Currency to be <br>received | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| USD | 16539698 | EUR | 14310000 | Bank of New York Mellon Corp. | 1-9-2026 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $(254834)<br>|
| USD | 464768 | EUR | 400000 | State Street Bank & Trust Co. | 1-9-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (4681)<br>|
| USD | 6571667 | GBP | 5020000 | Bank of New York Mellon Corp. | 1-9-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (177702)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$(437217)**<br>|

---

**Futures contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp; Notional <br>cost<br>| &nbsp;&nbsp; Notional <br>value<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| **Long** |  |  |  |  |  |  |
| &nbsp;&nbsp; TOPIX Index | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 3-12-2026 | &nbsp;&nbsp; $8389563 | &nbsp;&nbsp; $8498883 | &nbsp;&nbsp; $109320 | &nbsp;&nbsp; $0 |
| &nbsp;&nbsp; 10-Year U.S. Treasury Notes | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 5415878 | &nbsp;&nbsp; 5397000 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (18878)<br>|
| &nbsp;&nbsp; E-Mini NASDAQ 100 Index | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 19351257 | &nbsp;&nbsp; 19347130 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (4127)<br>|
| &nbsp;&nbsp; E-Mini S&P 500 Index | &nbsp;&nbsp; 71 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 24455031 | &nbsp;&nbsp; 24468375 | &nbsp;&nbsp; 13344 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; MSCI Emerging Markets Index | &nbsp;&nbsp; 249 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; 17261280 | &nbsp;&nbsp; 17571930 | &nbsp;&nbsp; 310650 | &nbsp;&nbsp; 0 |

---

See accompanying notes to portfolio of investments

20 \| Allspring Diversified Income Builder Fund

------

Portfolio of investments—December 31, 2025 (unaudited)

**Futures contracts** (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp; Number of<br> contracts<br>| &nbsp;&nbsp; Expiration<br> date<br>| &nbsp;&nbsp; Notional<br> cost<br>| &nbsp;&nbsp; Notional<br> value<br>| &nbsp;&nbsp; Unrealized<br> gains<br>| &nbsp;&nbsp; Unrealized<br> losses<br>|
| **Long** (continued) |  |  |  |  |  |  |
| &nbsp;&nbsp; Ultra 10-Year U.S. Treasury Notes | &nbsp;&nbsp; 214 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; $24704196 | &nbsp;&nbsp; $24613344 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $(90852)<br>|
| &nbsp;&nbsp; 5-Year U.S. Treasury Notes | &nbsp;&nbsp; 344 | &nbsp;&nbsp; 3-31-2026 | &nbsp;&nbsp; 37658030 | &nbsp;&nbsp; 37600812 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (57218)<br>|
|  |  |  |  |  | &nbsp;&nbsp; **$433314** | &nbsp;&nbsp; **$(171075)**<br>|

---

See accompanying notes to portfolio of investments

Allspring Diversified Income Builder Fund \| 21

------

Notes to portfolio of investments—December 31, 2025 (unaudited)

Notes to portfolio of investments

Securities valuation

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

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

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

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

Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore may not fully reflect trading or events that occur after the close of the principal exchange in which the foreign securities are traded, but before the close of the New York Stock Exchange. If such trading or events are expected to materially affect the value of such securities, then fair value pricing procedures implemented by Allspring Funds Management are applied. These procedures take into account multiple factors including movements in U.S. securities markets after foreign exchanges close. Foreign securities that are fair valued under these procedures are categorized as Level 2 and the application of these procedures may result in transfers between Level 1 and Level 2. Depending on market activity, such fair valuations may be frequent. Such fair value pricing may result in net asset values that are higher or lower than net asset values based on the last reported sales price or latest quoted bid price. On December 31, 2025, such fair value pricing was used in pricing certain foreign securities.

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

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

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

Foreign currency translation

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

Loans

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

22 \| Allspring Diversified Income Builder Fund

------

Notes to portfolio of investments—December 31, 2025 (unaudited)

Forward foreign currency contracts

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

Futures contracts

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

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

Fair valuation measurements

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

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

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

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

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

Allspring Diversified Income Builder Fund \| 23

------

Notes to portfolio of investments—December 31, 2025 (unaudited)

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Asset-backed securities** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $607376 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $607376 |
| **Common stocks** |  |  |  |  |
| *Communication services* | &nbsp;&nbsp; 8555516 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 8555516 |
| *Consumer discretionary* | &nbsp;&nbsp; 8052692 | &nbsp;&nbsp;&nbsp;&nbsp; 4682640 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 12735332 |
| *Consumer staples* | &nbsp;&nbsp; 7036960 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7036960 |
| *Energy* | &nbsp;&nbsp; 2927736 | &nbsp;&nbsp;&nbsp;&nbsp; 762437 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 3690173 |
| *Financials* | &nbsp;&nbsp; 25673281 | &nbsp;&nbsp;&nbsp;&nbsp; 5963563 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 31636844 |
| *Health care* | &nbsp;&nbsp; 11168872 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11168872 |
| *Industrials* | &nbsp;&nbsp; 7216682 | &nbsp;&nbsp;&nbsp;&nbsp; 1382177 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 8598859 |
| *Information technology* | &nbsp;&nbsp; 34635152 | &nbsp;&nbsp;&nbsp;&nbsp; 4610391 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 39245543 |
| *Investment Companies* | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 10302 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 10302 |
| *Materials* | &nbsp;&nbsp; 4850173 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 4850173 |
| *Real estate* | &nbsp;&nbsp; 5442910 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5442910 |
| *Utilities* | &nbsp;&nbsp; 5307040 | &nbsp;&nbsp;&nbsp;&nbsp; 1626008 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 6933048 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 126011601 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 126011601 |
| **Foreign corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 23938454 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 23938454 |
| **Investment companies** | &nbsp;&nbsp; 37478477 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 37478477 |
| **Loans** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7008646 | &nbsp;&nbsp;&nbsp;&nbsp; 199333 | &nbsp;&nbsp;&nbsp;&nbsp; 7207979 |
| **Municipal obligations** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11801166 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11801166 |
| **Preferred stocks** |  |  |  |  |
| *Energy* | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1456086 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1456086 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 37558735 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 37558735 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 46525520 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 46525520 |
|  | &nbsp;&nbsp; 204871011 | &nbsp;&nbsp;&nbsp;&nbsp; 227419582 | &nbsp;&nbsp;&nbsp;&nbsp; 199333 | &nbsp;&nbsp;&nbsp;&nbsp; 432489926 |
| **Futures contracts** | &nbsp;&nbsp; 433314 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 433314 |
| **Total assets** | &nbsp;&nbsp; **$205304325** | &nbsp;&nbsp;&nbsp; **$227419582** | &nbsp;&nbsp;&nbsp; **$199333** | &nbsp;&nbsp;&nbsp; **$432923240** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Forward foreign currency contracts** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $437217 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $437217 |
| **Futures contracts** | &nbsp;&nbsp; 171075 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 171075 |
| **Total liabilities** | &nbsp;&nbsp; **$171075** | &nbsp;&nbsp;&nbsp; **$437217** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$608292** |

---

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

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

As of December 31, 2025, $4,988,000 was segregated as cash collateral for these open futures contracts. The Fund also had $303,037 segregated as cash collateral for open forward foreign currency contracts.

At September 30, 2025, the Fund had no material transfers into/out of Level 3.

24 \| Allspring Diversified Income Builder Fund

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28203

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

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

- **a. Name of Series:** Allspring Diversified Income Builder Fund

- **b. EDGAR series identifier (if any):** S000029101

- **c. LEI of Series:** 549300FP4HFAVX1JJC53

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $442934753.33

**Total Liabilities:** $1085981.24

**Net Assets:** $441848772.09

**Delayed Delivery Securities:** $325787.50

**Cash Not Reported:** $5008598.92

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -49.75000000 | **1-Year:** -1554.84000000 | **5-Year:** -5265.06000000 | **10-Year:** -3860.40000000 | **30-Year:** -1346.55000000

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

- **3-Month:** -845.05000000 | **1-Year:** -15126.91000000 | **5-Year:** -28321.39000000 | **10-Year:** -8275.74000000 | **30-Year:** -1028.80000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000089465 | 1.48%                | 0.67%                | 0.47%                |
| Class ID C000089467 | 1.41%                | 0.61%                | 0.55%                |
| Class ID C000089468 | 1.56%                | 0.71%                | 0.51%                |
| Class ID C000205250 | 1.57%                | 0.72%                | 0.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $84244.62                | $1984670.91                                |
| Month 2  | $796863.97               | $617562.46                                 |
| Month 3  | $1847554.66              | $240272.97                                 |

**Designated Index Information**

- **Index Name:** 60% ICE BofAML US High Yield Cash Pay / 15% Bloomberg US Aggregate / 25% MSCI ACWI (net)

- **Index Identifier:** DIVERSIFIED_INCOME_BUILDER_BMK

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ADT SEC CORP                                                                     | ADT Security Corp/The                                                            | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    275000 | PA      | $278408.22    | 0.06%             | 2033-10-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| AES CORP/THE                                                                     | AES Corp/The                                                                     | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    495000 | PA      | $504111.96    | 0.11%             | 2055-01-15      | Fixed         | 7.60%                 | No            | 2                  | On Loan: No      |
| AES CORP/THE                                                                     | AES Corp/The                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    600000 | PA      | $592391.40    | 0.13%             | 2055-07-15      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                                         | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     54166 | PA      | $54243.38     | 0.01%             | 2026-04-20      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| ADAPTHEALTH LLC                                                                  | AdaptHealth LLC                                                                  | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    605000 | PA      | $590001.38    | 0.13%             | 2030-03-01      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                                           | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    115000 | PA      | $120920.58    | 0.03%             | 2031-04-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                                           | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    625000 | PA      | $645034.38    | 0.15%             | 2033-02-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| ADVANCE AUTO PARTS                                                               | Advance Auto Parts Inc                                                           | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    490000 | PA      | $491945.30    | 0.11%             | 2033-08-01      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| AETHON UN/AETHIN UN FIN                                                          | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $392878.50    | 0.09%             | 2029-10-01      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| AIR CANADA 2020-1C PTT                                                           | Air Canada 2020-1 Class C Pass Through Trust                                     | CUSIP: 008911BD0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    350000 | PA      | $359695.49    | 0.08%             | 2026-07-15      | Fixed         | 10.50%                | No            | 2                  | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                                           | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    450000 | PA      | $451724.67    | 0.10%             | 2028-02-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| ALGONQUIN PWR & UTILITY                                                          | Algonquin Power & Utilities Corp                                                 | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $788934.16    | 0.18%             | 2082-01-18      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                                         | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1192399.35   | 0.27%             | 2032-10-01      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                                          | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    520000 | PA      | $548016.94    | 0.12%             | 2031-02-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| Alphabet Inc                                                                     | Alphabet Inc                                                                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     15930 | NS      | $4986090.00   | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Amazon.com Inc                                                                   | Amazon.com Inc                                                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     13424 | NS      | $3098527.68   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERICAN AXLE & MFG INC                                                          | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    415000 | PA      | $399759.95    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| AMERICAN AXLE & MFG INC                                                          | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    290000 | PA      | $295387.81    | 0.07%             | 2033-10-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| American Greetings Corporation                                                   | American Greetings Corporation 2024 Term Loan B                                  | CUSIP: 02639DAN6<br>LEI: 549300WMJOT8C9DNMF90 | Long             | LON              | CORP              | US        |    556678 | PA      | $548895.65    | 0.12%             | 2029-10-30      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| AMWINS GROUP INC                                                                 | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    315000 | PA      | $323949.78    | 0.07%             | 2029-02-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Amphenol Corp                                                                    | Amphenol Corp                                                                    | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      4680 | NS      | $632455.20    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                                         | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $331992.87    | 0.08%             | 2033-10-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| APA Corp                                                                         | APA Corp                                                                         | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     70109 | NS      | $1714866.14   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Apple Inc                                                                        | Apple Inc                                                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     18633 | NS      | $5065567.38   | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| ARCHES BUYER INC                                                                 | Arches Buyer Inc                                                                 | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245353.22    | 0.06%             | 2028-06-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| ARCHES BUYER INC                                                                 | Arches Buyer Inc                                                                 | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    450000 | PA      | $438970.99    | 0.10%             | 2028-12-01      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                                         | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    565000 | PA      | $582715.58    | 0.13%             | 2032-09-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| Arista Networks Inc                                                              | Arista Networks Inc                                                              | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     13248 | NS      | $1735885.44   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Artisan Partners Asset Management Inc                                            | Artisan Partners Asset Management Inc                                            | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     25488 | NS      | $1038381.12   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                                         | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    545000 | PA      | $545433.38    | 0.12%             | 2033-08-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| ASURION LLC/ASURION CO                                                           | Asurion LLC and Asurion Co-Issuer Inc                                            | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $243838.68    | 0.06%             | 2032-12-31      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| Asurion LLC                                                                      | Asurion LLC 2021 2nd Lien Term Loan B3                                           | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    659029 | PA      | $655839.17    | 0.15%             | 2028-01-31      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Asurion LLC                                                                      | Asurion LLC 2025 Term Loan B13                                                   | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    271498 | PA      | $271286.59    | 0.06%             | 2030-09-19      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| AZORRA FINANCE                                                                   | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    390000 | PA      | $408654.62    | 0.09%             | 2031-01-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| B&G FOODS INC                                                                    | B&G Foods Inc                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    440000 | PA      | $432902.74    | 0.10%             | 2028-09-15      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS                                                                      | BNP Paribas SA                                                                   | CUSIP: 05602XDJ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    630000 | PA      | $679821.03    | 0.15%             | 2031-08-22      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS                                                                      | BNP Paribas SA                                                                   | CUSIP: 05602XQR2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    545000 | PA      | $547339.14    | 0.12%             | 2033-12-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                                                         | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    900000 | PA      | $1004398.20   | 0.23%             | 2029-03-19      | Fixed         | 9.38%                 | No            | 2                  | On Loan: No      |
| BANCO DEL ESTADO -CHILE                                                          | Banco del Estado de Chile                                                        | CUSIP: 05957AAC3<br>LEI: 5493004R4EJC0W0XVQ72 | Long             | DBT              | CORP              | CL        |    450000 | PA      | $477000.00    | 0.11%             | 2029-05-02      | Fixed         | 7.95%                 | No            | 2                  | On Loan: No      |
| BANCO SANTANDER SA                                                               | Banco Santander SA                                                               | CUSIP: 05971KAP4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $886752.80    | 0.20%             | 2028-11-21      | Fixed         | 9.63%                 | No            | 2                  | On Loan: No      |
| BANIJAY ENTERTAINMENT                                                            | Banijay Entertainment SAS                                                        | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    755000 | PA      | $784426.88    | 0.18%             | 2029-05-01      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                                                                     | Barclays PLC                                                                     | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $906236.80    | 0.21%             | 2029-12-15      | Fixed         | 9.63%                 | No            | 2                  | On Loan: No      |
| BAUSCH + LOMB CORP                                                               | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    630000 | PA      | $657562.50    | 0.15%             | 2028-10-01      | Fixed         | 8.38%                 | No            | 2                  | On Loan: No      |
| BAUSCH HEALTH COS INC                                                            | Bausch Health Cos Inc                                                            | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    270000 | PA      | $217350.00    | 0.05%             | 2029-02-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Rio Tinto PLC                                                                    | Rio Tinto PLC                                                                    | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     19310 | NS      | $1560173.72   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| BEACH ACQUISITION BIDCO                                                          | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    460000 | PA      | $507740.18    | 0.11%             | 2033-07-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| BLACKSTONE MORTGAGE TR                                                           | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    465000 | PA      | $496116.41    | 0.11%             | 2029-12-01      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| Booking Holdings Inc                                                             | Booking Holdings Inc                                                             | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       337 | NS      | $1804746.21   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| BORR IHC LTD / BORR FIN                                                          | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    358537 | PA      | $360212.38    | 0.08%             | 2028-11-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                         | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |   1175000 | PA      | $1266435.82   | 0.29%             | 2029-04-12      | Fixed         | 8.88%                 | No            | 2                  | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                         | Brandywine Operating Partnership LP                                              | CUSIP: 105340AT0<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    280000 | PA      | $272210.74    | 0.06%             | 2031-01-15      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Co                                                          | Bristol-Myers Squibb Co                                                          | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     32915 | NS      | $1775435.10   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| BRISTOW GROUP INC                                                                | Bristow Group Inc                                                                | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001231.00   | 0.23%             | 2028-03-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Brixmor Property Group Inc                                                       | Brixmor Property Group Inc                                                       | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |     75191 | NS      | $1971508.02   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Broadcom Inc                                                                     | Broadcom Inc                                                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      9129 | NS      | $3159546.90   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| BUCKEYE PARTNERS LP                                                              | Buckeye Partners LP                                                              | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    425000 | PA      | $398555.18    | 0.09%             | 2043-11-15      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| BUCKEYE PARTNERS LP                                                              | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    260000 | PA      | $270455.12    | 0.06%             | 2029-07-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                         | Builders FirstSource Inc                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    455000 | PA      | $470439.02    | 0.11%             | 2034-03-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $395487.92    | 0.09%             | 2029-06-01      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1600570.15   | 0.36%             | 2030-08-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    565000 | PA      | $507108.57    | 0.11%             | 2032-05-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    925000 | PA      | $786503.76    | 0.18%             | 2034-01-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    475000 | PA      | $474864.67    | 0.11%             | 2029-01-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    355000 | PA      | $333413.41    | 0.08%             | 2030-05-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                                         | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    427000 | PA      | $466044.88    | 0.11%             | 2032-01-15      | Fixed         | 10.88%                | No            | 2                  | On Loan: No      |
| CP ATLAS BUYER INC                                                               | CP Atlas Buyer Inc                                                               | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    400000 | PA      | $414299.80    | 0.09%             | 2030-07-15      | Fixed         | 9.75%                 | No            | 2                  | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    760000 | PA      | $651638.44    | 0.15%             | 2027-04-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    335000 | PA      | $123859.38    | 0.03%             | 2030-01-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    570000 | PA      | $345168.23    | 0.08%             | 2031-02-15      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    455000 | PA      | $362027.71    | 0.08%             | 2028-05-15      | Fixed         | 11.25%                | No            | 2                  | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                                         | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $148397.79    | 0.03%             | 2031-06-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                                         | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    955000 | PA      | $1023252.90   | 0.23%             | 2033-12-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| CABLEVISION LIGHTPATH                                                            | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    425000 | PA      | $415374.01    | 0.09%             | 2028-09-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| Cal-Maine Foods Inc                                                              | Cal-Maine Foods Inc                                                              | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     12700 | NS      | $1010539.00   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH CHRT SCH LEASE REVENUE                                | CUSIP: 13057HAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $834726.58    | 0.19%             | 2031-06-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                                         | California Resources Corp                                                        | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    735000 | PA      | $768795.85    | 0.17%             | 2029-06-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                                         | California Resources Corp                                                        | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236411.60    | 0.05%             | 2034-01-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| CAMELOT RETURN MERGER SU                                                         | Camelot Return Merger Sub Inc                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    880000 | PA      | $681907.83    | 0.15%             | 2028-08-01      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| CARNIVAL CORP                                                                    | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    700000 | PA      | $722812.95    | 0.16%             | 2033-02-15      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| CARNIVAL CORP                                                                    | Carnival Corp                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    235000 | PA      | $241176.03    | 0.05%             | 2032-08-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Carpenter Technology Corp                                                        | Carpenter Technology Corp                                                        | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      3886 | NS      | $1223468.24   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| CARVANA CO                                                                       | Carvana Co                                                                       | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    405000 | PA      | $457013.69    | 0.10%             | 2031-06-01      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| CARVANA CO                                                                       | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1142467.15   | 0.26%             | 2030-06-01      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                         | Celanese US Holdings LLC                                                         | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    325000 | PA      | $338202.89    | 0.08%             | 2032-07-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                         | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    705000 | PA      | $708525.00    | 0.16%             | 2030-04-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| CENTRAL GARDEN & PET CO                                                          | Central Garden & Pet Co                                                          | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    325000 | PA      | $311489.43    | 0.07%             | 2030-10-15      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| CNTRL PARENT/CDK GLB INC                                                         | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $161084.07    | 0.04%             | 2029-06-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| CENTURY COMMUNITIES                                                              | Century Communities Inc                                                          | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    400000 | PA      | $404479.52    | 0.09%             | 2033-09-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| Charlotte County Industrial Development Authority/FL                             | CHARLOTTE CNTY FL INDL DEV AUTH UTILITY SYS REVENUE                              | CUSIP: 16080TAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1018741.38   | 0.23%             | 2036-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| CHART INDUSTRIES INC                                                             | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    230000 | PA      | $239716.41    | 0.05%             | 2030-01-01      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| CHART INDUSTRIES INC                                                             | Chart Industries Inc                                                             | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    455000 | PA      | $482952.47    | 0.11%             | 2031-01-01      | Fixed         | 9.50%                 | No            | 2                  | On Loan: No      |
| CHEMOURS CO                                                                      | Chemours Co/The                                                                  | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    660000 | PA      | $638954.38    | 0.14%             | 2033-01-15      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                            | CUSIP: 167505KG0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1019016.46   | 0.23%             | 2029-12-01      | Fixed         | 6.04%                 | No            | 2                  | On Loan: No      |
| CHURCHILL DOWNS INC                                                              | Churchill Downs Inc                                                              | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    525000 | PA      | $544386.68    | 0.12%             | 2031-05-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| CINEMARK USA INC                                                                 | Cinemark USA Inc                                                                 | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1374955.15   | 0.31%             | 2032-08-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| CIPHER COMPUTE LLC                                                               | Cipher Compute LLC                                                               | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $122217.95    | 0.03%             | 2030-11-15      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc                                                                    | Citigroup Inc                                                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     22200 | NS      | $2590518.00   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                    | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    630000 | PA      | $627802.88    | 0.14%             | 2026-02-18      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                    | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    820000 | PA      | $833342.87    | 0.19%             | 2031-02-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| Citizens Financial Group Inc                                                     | Citizens Financial Group Inc                                                     | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     31409 | NS      | $1834599.69   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| CIVITAS RESOURCES INC                                                            | Civitas Resources Inc                                                            | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    450000 | PA      | $485828.19    | 0.11%             | 2033-06-15      | Fixed         | 9.63%                 | No            | 2                  | On Loan: No      |
| CLEAN HARBORS INC                                                                | Clean Harbors Inc                                                                | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    380000 | PA      | $391067.12    | 0.09%             | 2031-02-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                         | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    980000 | PA      | $1026200.72   | 0.23%             | 2031-02-15      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                         | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63377.47     | 0.01%             | 2033-03-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                             | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    625000 | PA      | $640625.29    | 0.14%             | 2032-03-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                           | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1495000 | PA      | $1557058.03   | 0.35%             | 2029-09-30      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                           | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1071166.24   | 0.24%             | 2032-06-30      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| CLYDESDALE ACQUISITION                                                           | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    770000 | PA      | $782842.83    | 0.18%             | 2030-04-15      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| CLYDESDALE ACQUISITION                                                           | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    245000 | PA      | $251125.00    | 0.06%             | 2030-01-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Development Authority of Cobb County/The                                         | COBB CNTY GA DEV AUTH REVENUE                                                    | CUSIP: 190806EU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99525.49     | 0.02%             | 2028-12-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| COMMSCOPE LLC                                                                    | CommScope LLC                                                                    | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    620000 | PA      | $624811.73    | 0.14%             | 2027-03-01      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| CONCENTRA HEALTH SERVICE                                                         | Concentra Health Services Inc                                                    | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    525000 | PA      | $549047.10    | 0.12%             | 2032-07-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| City of Coralville IA                                                            | CORALVILLE IA                                                                    | CUSIP: 218080FS3<br>LEI: 549300UKC7MMW46X6P25 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200541.32   | 0.27%             | 2030-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| CORECIVIC INC                                                                    | CoreCivic Inc                                                                    | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1293064.56   | 0.29%             | 2029-04-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| COREWEAVE INC                                                                    | CoreWeave Inc                                                                    | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    465000 | PA      | $426181.80    | 0.10%             | 2031-02-01      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| Crown Holdings Inc                                                               | Crown Holdings Inc                                                               | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     16943 | NS      | $1744620.71   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| DAVITA INC                                                                       | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1441737.91   | 0.33%             | 2032-09-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Dell Technologies Inc                                                            | Dell Technologies Inc                                                            | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     11500 | NS      | $1447620.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Denver Health & Hospital Authority                                               | DENVER CO HLTH & HOSP AUTH HLTHCARE REVENUE                                      | CUSIP: 24918EDM9<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    445000 | PA      | $445321.91    | 0.10%             | 2026-12-01      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| DIEBOLD NIXDORF INC                                                              | Diebold Nixdorf Inc                                                              | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    595000 | PA      | $633178.62    | 0.14%             | 2030-03-31      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| DirecTV Financing LLC                                                            | DirecTV Financing LLC 2024 Term Loan                                             | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    594725 | PA      | $596039.61    | 0.13%             | 2029-08-02      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| DIRECTV FIN LLC/COINC                                                            | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $135792.45    | 0.03%             | 2027-08-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| DISH NETWORK CORP                                                                | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1269751.60   | 0.29%             | 2027-11-15      | Fixed         | 11.75%                | No            | 2                  | On Loan: No      |
| DISH DBS CORP                                                                    | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $206168.01    | 0.05%             | 2028-12-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Dollar General Corp                                                              | Dollar General Corp                                                              | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     13441 | NS      | $1784561.57   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank of New York Mellon                                                          | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-177702.24   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| Bank of New York Mellon                                                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-254833.97   | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                                    | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-4680.84     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                                               | Petroleo Brasileiro SA - Petrobras                                               | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EP               | CORP              | BR        |    259392 | NS      | $1456085.41   | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| E.W. Scripps Company (The)                                                       | EW Scripps Company (The) 2025 Term Loan B2                                       | CUSIP: 26928BAQ2<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |    209067 | PA      | $210858.34    | 0.05%             | 2028-06-30      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| EASTERN MAINE HEALTHCARE                                                         | Eastern Maine Healthcare Systems                                                 | CUSIP: 276682AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $751604.17    | 0.17%             | 2036-07-01      | Fixed         | 5.02%                 | No            | 2                  | On Loan: No      |
| ECHOSTAR CORP                                                                    | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1711256 | PA      | $1753128.02   | 0.40%             | 2030-11-30      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Edison International                                                             | Edison International                                                             | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     24482 | NS      | $1469409.64   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| EDISON INTERNATIONAL                                                             | Edison International                                                             | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    420000 | PA      | $437018.85    | 0.10%             | 2053-06-15      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                                            | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    605000 | PA      | $616888.87    | 0.14%             | 2029-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                                         | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    725000 | PA      | $755096.26    | 0.17%             | 2030-12-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc                                                                     | Enbridge Inc                                                                     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     25346 | NS      | $1212870.41   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                                         | Encore Capital Group Inc                                                         | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    575000 | PA      | $605906.25    | 0.14%             | 2029-04-01      | Fixed         | 9.25%                 | No            | 2                  | On Loan: No      |
| ENERGIZER HOLDINGS INC                                                           | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    620000 | PA      | $592413.50    | 0.13%             | 2029-03-31      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| ENDO FINANCE HOLDINGS                                                            | Endo Finance Holdings Inc                                                        | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    840000 | PA      | $887830.44    | 0.20%             | 2031-04-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| ENTEGRIS INC                                                                     | Entegris Inc                                                                     | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    265000 | PA      | $270302.77    | 0.06%             | 2030-06-15      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| ESC GCB144A ENVIVA PAR                                                           | ESC GCB144A ENVIVA PAR                                                           | CUSIP: 294ESCAA6<br>LEI: 549300WH5VXDEFM5KR81 | Long             | DBT              | CORP              | US        |   2460000 | PA      | $0.02         | 0.00%             | 2026-01-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| EUSHI FINANCE INC                                                                | EUSHI Finance Inc                                                                | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    730000 | PA      | $767412.15    | 0.17%             | 2054-12-15      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |
| EXCELERATE ENERGY LP                                                             | Excelerate Energy LP                                                             | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    595000 | PA      | $628759.11    | 0.14%             | 2030-05-15      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| EZCORP INC                                                                       | EZCORP Inc                                                                       | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    390000 | PA      | $413773.62    | 0.09%             | 2032-04-01      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| Meta Platforms Inc                                                               | Meta Platforms Inc                                                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      3118 | NS      | $2058160.62   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays PLC                                                                     | Barclays PLC                                                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    300935 | NS      | $1930669.69   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferguson Enterprises Inc                                                         | Ferguson Enterprises Inc                                                         | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      6198 | NS      | $1379860.74   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| FIRSTCASH INC                                                                    | FirstCash Inc                                                                    | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    405000 | PA      | $402402.53    | 0.09%             | 2028-09-01      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| FIRSTCASH INC                                                                    | FirstCash Inc                                                                    | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    785000 | PA      | $816558.33    | 0.18%             | 2032-03-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE                               | CUSIP: 34073TKY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $256379.63    | 0.06%             | 2027-06-01      | Fixed         | 5.43%                 | No            | 2                  | On Loan: No      |
| FTAI AVIATION INVESTORS                                                          | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    560000 | PA      | $560490.00    | 0.13%             | 2028-05-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| FTAI AVIATION INVESTORS                                                          | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    825000 | PA      | $868797.60    | 0.20%             | 2031-05-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| FTAI AVIATION INVESTORS                                                          | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    310000 | PA      | $325888.43    | 0.07%             | 2032-06-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| FRONERI LUX FINCO SARL                                                           | Froneri Lux FinCo SARL                                                           | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |    470000 | PA      | $476415.11    | 0.11%             | 2032-08-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Frontier Issuer LLC                                                              | Frontier Issuer LLC                                                              | CUSIP: 35910EAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    196350 | PA      | $218857.40    | 0.05%             | 2054-06-20      | Fixed         | 11.16%                | No            | 2                  | On Loan: No      |
| GEO GROUP INC/THE                                                                | GEO Group Inc/The                                                                | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    725000 | PA      | $762557.17    | 0.17%             | 2029-04-15      | Fixed         | 8.63%                 | No            | 2                  | On Loan: No      |
| GEO GROUP INC/THE                                                                | GEO Group Inc/The                                                                | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    725000 | PA      | $793645.25    | 0.18%             | 2031-04-15      | Fixed         | 10.25%                | No            | 2                  | On Loan: No      |
| GGAM FINANCE LTD                                                                 | GGAM Finance Ltd                                                                 | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    725000 | PA      | $735722.75    | 0.17%             | 2030-03-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| General Motors Co                                                                | General Motors Co                                                                | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      7617 | NS      | $619414.44    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| GENESEE & WYOMING INC                                                            | Genesee & Wyoming Inc                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    585000 | PA      | $603283.05    | 0.14%             | 2032-04-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| GENTING NY LLC/GENNY CAP                                                         | Genting New York LLC / GENNY Capital Inc                                         | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $538419.59    | 0.12%             | 2029-10-01      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc                                                              | Gilead Sciences Inc                                                              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     15854 | NS      | $1945919.96   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                                                          | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    735000 | PA      | $762231.02    | 0.17%             | 2027-09-01      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| GOEASY LTD                                                                       | goeasy Ltd                                                                       | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    385000 | PA      | $380695.61    | 0.09%             | 2029-07-01      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |
| Golden State Tobacco Securitization Corp                                         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                      | CUSIP: 38122ND66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $731263.20    | 0.17%             | 2050-06-01      | Fixed         | 4.21%                 | No            | 2                  | On Loan: No      |
| GRAND CANYON UNIVERSITY                                                          | Grand Canyon University                                                          | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992101.38    | 0.22%             | 2028-10-01      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| GRAY MEDIA INC                                                                   | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    475000 | PA      | $492939.98    | 0.11%             | 2032-07-15      | Fixed         | 9.63%                 | No            | 2                  | On Loan: No      |
| Bouygues SA                                                                      | Bouygues SA                                                                      | CUSIP: 000000000<br>LEI: 969500MOCLNQFNZN0D63 | Long             | EC               | CORP              | FR        |     35321 | NS      | $1840934.74   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Antonio B Won Pat International Airport Authority                                | GUAM INTERNATIONAL ARPT AUTH                                                     | CUSIP: 40064REL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $581633.06    | 0.13%             | 2043-10-01      | Fixed         | 4.46%                 | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                                                | HSBC Holdings PLC                                                                | CUSIP: 404280CN7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1426418.40   | 0.32%             | 2030-12-17      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| HARVEST MIDSTREAM I LP                                                           | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    730000 | PA      | $740914.96    | 0.17%             | 2028-09-01      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| HERC HOLDINGS INC                                                                | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    700000 | PA      | $736699.91    | 0.17%             | 2030-06-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| HERC HOLDINGS INC                                                                | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    430000 | PA      | $455965.17    | 0.10%             | 2033-06-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| Hertz Corporation, (The)                                                         | Hertz Corporation (The) 2021 Term Loan B                                         | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    360155 | PA      | $301741.52    | 0.07%             | 2028-06-30      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Hertz Corporation, (The)                                                         | Hertz Corporation (The) 2021 Term Loan C                                         | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |     71074 | PA      | $59546.25     | 0.01%             | 2028-06-30      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                         | Hess Midstream Operations LP                                                     | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $227792.48    | 0.05%             | 2030-10-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                         | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $149741.50    | 0.03%             | 2029-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $499081.49    | 0.11%             | 2031-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                                         | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    480000 | PA      | $497043.84    | 0.11%             | 2032-04-01      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| Publicis Groupe SA                                                               | Publicis Groupe SA                                                               | CUSIP: 000000000<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |     14511 | NS      | $1511265.84   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| HUB INTERNATIONAL LTD                                                            | HUB International Ltd                                                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    365000 | PA      | $364938.70    | 0.08%             | 2029-12-01      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| HUB INTERNATIONAL LTD                                                            | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131240.64    | 0.03%             | 2030-06-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| HUB INTERNATIONAL LTD                                                            | HUB International Ltd                                                            | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    755000 | PA      | $792413.27    | 0.18%             | 2032-01-31      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| Hubbard Radio LLC                                                                | Hubbard Radio LLC 2024 PIK Term Loan B                                           | CUSIP: 44344HAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    284401 | PA      | $56880.14     | 0.01%             | 2027-09-30      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| INSIGHT ENTERPRS                                                                 | Insight Enterprises Inc                                                          | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    295000 | PA      | $303258.82    | 0.07%             | 2032-05-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| International Business Machines Corp                                             | International Business Machines Corp                                             | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      5854 | NS      | $1734013.34   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| IQVIA INC                                                                        | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    225000 | PA      | $235106.58    | 0.05%             | 2032-06-01      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| IRON MOUNTAIN INC                                                                | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   1345000 | PA      | $1328731.97   | 0.30%             | 2030-07-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| IRON MOUNTAIN INC                                                                | Iron Mountain Inc                                                                | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    335000 | PA      | $319341.23    | 0.07%             | 2031-02-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| iShares 1-3 Year Treasury Bond ETF                                               | iShares 1-3 Year Treasury Bond ETF                                               | CUSIP: 464287457<br>LEI: 549300W0WX9TL4G6HM56 | Long             | EC               | RF                | US        |    226371 | NS      | $18748046.22  | 4.24%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares 3-7 Year Treasury Bond ETF                                               | iShares 3-7 Year Treasury Bond ETF                                               | CUSIP: 464288661<br>LEI: 549300BUGBHWMFPSNL42 | Long             | EC               | RF                | US        |    156937 | NS      | $18730430.95  | 4.24%             |  |  |  | No            | 1                  | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                          | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    655000 | PA      | $688251.93    | 0.16%             | 2031-04-30      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                          | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $279829.00    | 0.06%             | 2032-11-01      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                          | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $281825.01    | 0.06%             | 2033-05-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                                         | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $446327.78    | 0.10%             | 2029-02-15      | Fixed         | 9.50%                 | No            | 2                  | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                                         | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $241892.61    | 0.05%             | 2030-05-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| Jefferson County Civic Facility Development Corp                                 | JEFFERSON CNTY NY CIVIC FAC DEV CORP                                             | CUSIP: 47325RAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $112426.71    | 0.03%             | 2028-11-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                                                          | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    390000 | PA      | $392909.87    | 0.09%             | 2031-09-20      | Fixed         | 9.88%                 | No            | 2                  | On Loan: No      |
| KLA Corp                                                                         | KLA Corp                                                                         | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1406 | NS      | $1708402.48   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                                          | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    325000 | PA      | $330294.08    | 0.07%             | 2033-10-01      | Fixed         | 8.38%                 | No            | 2                  | On Loan: No      |
| SAP SE                                                                           | SAP SE                                                                           | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      7329 | NS      | $1780716.35   | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| CATURUS ENERGY LLC                                                               | Caturus Energy LLC                                                               | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    145000 | PA      | $151009.38    | 0.03%             | 2030-02-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| KINETIK HOLDINGS LP                                                              | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    600000 | PA      | $605375.81    | 0.14%             | 2030-06-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| KIOXIA HOLDINGS CORP                                                             | Kioxia Holdings Corp                                                             | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    395000 | PA      | $410750.87    | 0.09%             | 2033-07-24      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| County of Knox IN                                                                | KNOX CNTY IN ECON DEV REVENUE                                                    | CUSIP: 499396AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $481470.19    | 0.11%             | 2034-04-01      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| LGI HOMES INC                                                                    | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    570000 | PA      | $594548.76    | 0.13%             | 2028-12-15      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                                         | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              |  | US        |    725000 | PA      | $768683.43    | 0.17%             | 2031-07-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| LAMB WESTON HLD                                                                  | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    500000 | PA      | $476338.50    | 0.11%             | 2032-01-31      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| LATAM AIRLINES GROUP SA                                                          | Latam Airlines Group SA                                                          | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    540000 | PA      | $567955.80    | 0.13%             | 2030-04-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| LATAM AIRLINES GROUP SA                                                          | Latam Airlines Group SA                                                          | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    365000 | PA      | $383225.36    | 0.09%             | 2031-01-07      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | Level 3 Financing Inc                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    525000 | PA      | $484527.75    | 0.11%             | 2029-01-15      | Fixed         | 3.63%                 | No            | 2                  | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    515000 | PA      | $526988.17    | 0.12%             | 2033-06-30      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| LEVEL 3 FINANCING INC                                                            | Level 3 Financing Inc                                                            | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    595000 | PA      | $609269.67    | 0.14%             | 2036-01-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co                                                                   | Eli Lilly & Co                                                                   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1656 | NS      | $1779670.08   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| LITHIA MOTORS INC                                                                | Lithia Motors Inc                                                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    505000 | PA      | $485346.71    | 0.11%             | 2031-01-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                         | Lloyds Banking Group PLC                                                         | CUSIP: 539439BF5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $499171.95    | 0.11%             | 2035-09-27      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH RETI                     | CUSIP: 54628DAM2<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    405000 | PA      | $399557.33    | 0.09%             | 2029-01-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                               | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |     93984 | NS      | $2214522.42   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                                           | Lumen Technologies Inc                                                           | CUSIP: 550241AK9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    562375 | PA      | $565186.88    | 0.13%             | 2032-10-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| Lumen Technologies Inc                                                           | Lumen Technologies Inc 2024 Extended Term Loan B2                                | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |    525958 | PA      | $522376.24    | 0.12%             | 2030-04-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Mercedes-Benz Group AG                                                           | Mercedes-Benz Group AG                                                           | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     19491 | NS      | $1351156.73   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| MPH ACQUISITION HOLDINGS                                                         | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AE2<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    398481 | PA      | $342693.66    | 0.08%             | 2031-03-31      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| MPH ACQUISITION HOLDINGS                                                         | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    294877 | PA      | $311832.43    | 0.07%             | 2030-12-31      | Fixed         | 11.50%                | No            | 2                  | On Loan: No      |
| MPH ACQUISITION HOLDINGS                                                         | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    235163 | PA      | $206355.53    | 0.05%             | 2030-12-31      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| MPH Acquisition Holdings LLC                                                     | MPH Acquisition Holdings LLC 2025 Exchange 1st Out Term Loan                     | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |     49781 | PA      | $49805.72     | 0.01%             | 2030-12-31      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                                          | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              |  | US        |    540000 | PA      | $576684.05    | 0.13%             | 2032-02-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                                                          | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $465577.50    | 0.11%             | 2032-03-15      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                         | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    400000 | PA      | $281500.00    | 0.06%             | 2042-03-15      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                         | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    505000 | PA      | $488738.96    | 0.11%             | 2029-03-15      | Fixed         | 4.05%                 | No            | 2                  | On Loan: No      |
| MICHAELS COS INC/THE                                                             | Michaels Cos Inc/The                                                             | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    410000 | PA      | $378469.32    | 0.09%             | 2029-05-01      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| Siemens AG                                                                       | Siemens AG                                                                       | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      4935 | NS      | $1382176.87   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| MATCH GROUP HLD II LLC                                                           | Match Group Holdings II LLC                                                      | CUSIP: 57665RAJ5<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    360000 | PA      | $361100.16    | 0.08%             | 2029-02-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| MATCH GROUP HLD II LLC                                                           | Match Group Holdings II LLC                                                      | CUSIP: 57667JAC6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    440000 | PA      | $445269.04    | 0.10%             | 2033-09-15      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| McAfee, LLC                                                                      | McAfee LLC 2024 USD 1st Lien Term Loan B                                         | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    376200 | PA      | $345987.38    | 0.08%             | 2029-03-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| PEDIATRIX MEDICAL GROUP                                                          | Pediatrix Medical Group Inc                                                      | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $388928.07    | 0.09%             | 2030-02-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Merck & Co Inc                                                                   | Merck & Co Inc                                                                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     24253 | NS      | $2552870.78   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Michaels Companies Inc                                                           | Michaels Companies Inc 2021 Term Loan B                                          | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |    335000 | PA      | $323275.00    | 0.07%             | 2028-04-17      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Microsoft Corp                                                                   | Microsoft Corp                                                                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     10283 | NS      | $4973064.46   | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| ATHENAHEALTH GROUP INC                                                           | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    650000 | PA      | $648043.82    | 0.15%             | 2030-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Modivcare Inc                                                                    | Modivcare Inc 2024 Term Loan B                                                   | CUSIP: 60783LAC4<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |   1099568 | PA      | $417835.84    | 0.09%             | 2031-07-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Modivcare Inc                                                                    | Modivcare Inc 2025 Incremental Term Loan                                         | CUSIP: 60783LAD2<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |    190990 | PA      | $72576.36     | 0.02%             | 2026-01-12      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| MOLINA HEALTHCARE INC                                                            | Molina Healthcare Inc                                                            | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    365000 | PA      | $372104.65    | 0.08%             | 2033-01-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Fortescue Ltd                                                                    | Fortescue Ltd                                                                    | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |    105211 | NS      | $1545378.54   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| DBS Group Holdings Ltd                                                           | DBS Group Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     36500 | NS      | $1600388.98   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| NCL CORPORATION LTD                                                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    330000 | PA      | $351285.65    | 0.08%             | 2029-02-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| NCL CORPORATION LTD                                                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    280000 | PA      | $286698.26    | 0.06%             | 2032-02-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| NCL CORPORATION LTD                                                              | NCL Corp Ltd                                                                     | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    555000 | PA      | $554766.29    | 0.13%             | 2033-09-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| NABORS INDUSTRIES LTD                                                            | Nabors Industries Ltd                                                            | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    285000 | PA      | $284955.68    | 0.06%             | 2028-01-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| NABORS INDUSTRIES INC                                                            | Nabors Industries Inc                                                            | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    470000 | PA      | $491413.20    | 0.11%             | 2030-01-31      | Fixed         | 9.13%                 | No            | 2                  | On Loan: No      |
| NAVIENT CORP                                                                     | Navient Corp                                                                     | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    705000 | PA      | $789647.24    | 0.18%             | 2031-03-15      | Fixed         | 11.50%                | No            | 2                  | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                                          | CUSIP: 6460664L1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973566.70    | 0.22%             | 2028-07-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| New York State Energy Research & Development Authority                           | NEW YORK ST ENERGY RESEARCH & DEV AUTH                                           | CUSIP: 64986PAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $104732.36    | 0.02%             | 2034-04-01      | Fixed         | 4.81%                 | No            | 2                  | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                             | CUSIP: 65000BAU2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $978238.51    | 0.22%             | 2051-07-01      | Fixed         | 3.43%                 | No            | 2                  | On Loan: No      |
| NEWELL BRANDS INC                                                                | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    460000 | PA      | $449218.34    | 0.10%             | 2030-05-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| NEWELL BRANDS INC                                                                | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    575000 | PA      | $602917.98    | 0.14%             | 2028-06-01      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| XPLR INFRAST OPERATING                                                           | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    860000 | PA      | $881165.46    | 0.20%             | 2029-01-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                          | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAF2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    140000 | PA      | $144792.80    | 0.03%             | 2028-09-15      | Fixed         | 7.05%                 | No            | 2                  | On Loan: No      |
| NISSAN MOTOR CO                                                                  | Nissan Motor Co Ltd                                                              | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    525000 | PA      | $557876.73    | 0.13%             | 2035-07-17      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| NVIDIA Corp                                                                      | NVIDIA Corp                                                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     36224 | NS      | $6755776.00   | 1.53%             |  |  |  | No            | 1                  | On Loan: No      |
| OCEANEERING INTL INC                                                             | Oceaneering International Inc                                                    | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303367.80    | 0.07%             | 2028-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Samsung Electronics Co Ltd                                                       | Samsung Electronics Co Ltd                                                       | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     33761 | NS      | $2829674.50   | 0.64%             |  |  |  | No            | 2                  | On Loan: No      |
| Sanrio Co Ltd                                                                    | Sanrio Co Ltd                                                                    | CUSIP: 000000000<br>LEI: 3538002Q5JQLOMSPH125 | Long             | EC               | CORP              | JP        |     42200 | NS      | $1320447.27   | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                                         | CUSIP: 67884XCP0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497116.00    | 0.11%             | 2028-08-15      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Omega Healthcare Investors Inc                                                   | Omega Healthcare Investors Inc                                                   | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |     40189 | NS      | $1781980.26   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Sony Group Corp                                                                  | Sony Group Corp                                                                  | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     78400 | NS      | $2011036.09   | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    710000 | PA      | $750691.52    | 0.17%             | 2030-03-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| 1261229 BC LTD                                                                   | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1135000 | PA      | $1180419.17   | 0.27%             | 2032-04-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| OPAL BIDCO                                                                       | OPAL BIDCO                                                                       | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    625000 | PA      | $640136.73    | 0.14%             | 2032-03-31      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                                         | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $219633.23    | 0.05%             | 2030-03-15      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                                         | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $846768.00    | 0.19%             | 2031-02-15      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| PG&E CORP                                                                        | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    750000 | PA      | $744688.01    | 0.17%             | 2030-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| PG&E CORP                                                                        | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    870000 | PA      | $906097.17    | 0.21%             | 2055-03-15      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| PRA GROUP INC                                                                    | PRA Group Inc                                                                    | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    410000 | PA      | $385558.01    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| PARK INTERMED HOLDINGS                                                           | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAB9<br>LEI: N/A                  | Long             | DBT              |  | US        |    395000 | PA      | $395315.61    | 0.09%             | 2028-10-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| PARK INTERMED HOLDINGS                                                           | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |    400000 | PA      | $410556.00    | 0.09%             | 2030-02-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                                                         | Pattern Energy Operations LP / Pattern Energy Operations Inc                     | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    925000 | PA      | $912312.42    | 0.21%             | 2028-08-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Pegasystems Inc                                                                  | Pegasystems Inc                                                                  | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     22830 | NS      | $1363407.60   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                                         | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    260000 | PA      | $268036.08    | 0.06%             | 2032-09-15      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                                                         | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    910000 | PA      | $886400.88    | 0.20%             | 2032-09-30      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| Enel SpA                                                                         | Enel SpA                                                                         | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    156387 | NS      | $1626007.68   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| PETSMART LLC/PETSMART FI                                                         | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $524107.47    | 0.12%             | 2032-09-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| PETSMART LLC/PETSMART FI                                                         | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    455000 | PA      | $468503.04    | 0.11%             | 2033-09-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| Pfizer Inc                                                                       | Pfizer Inc                                                                       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     59630 | NS      | $1484787.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Port of Beaumont Industrial Development Authority                                | PORT BEAUMONT TX INDL DEV AUTH                                                   | CUSIP: 73358SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $637475.58    | 0.14%             | 2028-01-01      | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003895.70   | 0.23%             | 2026-07-01      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| Power Corp of Canada                                                             | Power Corp of Canada                                                             | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     44396 | NS      | $2359614.00   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| PRAIRIE ACQUIROR LP                                                              | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    500000 | PA      | $519711.50    | 0.12%             | 2029-08-01      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| Prairie ECI Acquiror LP                                                          | Prairie ECI Acquiror LP 2025 Repriced Term Loan B                                | CUSIP: 73955HAF1<br>LEI: 254900Q6KU2LVSIISH22 | Long             | LON              | CORP              | US        |    265302 | PA      | $266572.73    | 0.06%             | 2029-08-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Progressive Corp/The                                                             | Progressive Corp/The                                                             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      8087 | NS      | $1841571.64   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| PROVIDENT FDG/PFG FIN                                                            | Provident Funding Associates LP / PFG Finance Corp                               | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $406068.74    | 0.09%             | 2029-09-15      | Fixed         | 9.75%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE                                           | CUSIP: 74443DDU2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    430000 | PA      | $425538.11    | 0.10%             | 2028-06-01      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| QXO BUILDING PRODUCTS                                                            | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    535000 | PA      | $558763.99    | 0.13%             | 2032-04-30      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                            | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    185000 | PA      | $192562.80    | 0.04%             | 2032-03-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                            | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    405000 | PA      | $422937.92    | 0.10%             | 2033-03-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                                         | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |    400000 | PA      | $415814.80    | 0.09%             | 2033-06-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| RADIOLOGY PARTNERS INC                                                           | Radiology Partners Inc                                                           | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |    555000 | PA      | $579773.81    | 0.13%             | 2032-07-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| RAKUTEN GROUP INC                                                                | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    870000 | PA      | $973060.55    | 0.22%             | 2029-04-15      | Fixed         | 9.75%                 | No            | 2                  | On Loan: No      |
| Regeneron Pharmaceuticals Inc                                                    | Regeneron Pharmaceuticals Inc                                                    | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      2112 | NS      | $1630189.44   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                                           | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    140000 | PA      | $146365.10    | 0.03%             | 2031-03-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| ROCKET COS INC                                                                   | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $279093.37    | 0.06%             | 2030-08-01      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| ROCKET COS INC                                                                   | Rocket Cos Inc                                                                   | CUSIP: 77311WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $103138.78    | 0.02%             | 2029-08-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ROCKET COS INC                                                                   | Rocket Cos Inc                                                                   | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    610000 | PA      | $641719.27    | 0.15%             | 2032-02-01      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| Rocket Software Inc                                                              | Rocket Software Inc 2023 USD Term Loan B                                         | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |    181776 | PA      | $181674.59    | 0.04%             | 2028-11-28      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| ROCKET SOFTWARE INC                                                              | Rocket Software Inc                                                              | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    165000 | PA      | $161696.32    | 0.04%             | 2029-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ROCKET SOFTWARE INC                                                              | Rocket Software Inc                                                              | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    650000 | PA      | $670251.96    | 0.15%             | 2028-11-28      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                                         | ROCKIES EXPRESS PIPELINE                                                         | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    240000 | PA      | $253276.85    | 0.06%             | 2033-03-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                         | Rogers Communications Inc                                                        | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1200000 | PA      | $1263590.30   | 0.29%             | 2055-04-15      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| SESI LLC                                                                         | SESI LLC                                                                         | CUSIP: 78412FAX2<br>LEI: XDZ56K6RXS5J1ESBZS35 | Long             | DBT              | CORP              | US        |    260000 | PA      | $255954.62    | 0.06%             | 2030-09-30      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                           | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $652795.00    | 0.15%             | 2029-05-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| SS&C TECHNOLOGIES INC                                                            | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    700000 | PA      | $728289.72    | 0.16%             | 2032-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| SABRE FINANCIAL BORROWER                                                         | Sabre Financial Borrower LLC                                                     | CUSIP: 78573XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $567469.08    | 0.13%             | 2029-06-15      | Fixed         | 11.13%                | No            | 2                  | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP                                                         | Sally Holdings LLC / Sally Capital Inc                                           | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $386397.84    | 0.09%             | 2032-03-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| SATURN OIL & GAS INC                                                             | Saturn Oil & Gas Inc                                                             | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |    229000 | PA      | $225772.59    | 0.05%             | 2029-06-15      | Fixed         | 9.63%                 | No            | 2                  | On Loan: No      |
| Seagate Data Storage Technology Pte Ltd                                          | SEAGATE DATA STOR                                                                | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    635000 | PA      | $675107.83    | 0.15%             | 2031-07-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                                                           | Sempra                                                                           | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    410000 | PA      | $401667.57    | 0.09%             | 2052-04-01      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                                          | Sensata Technologies BV                                                          | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $710715.51    | 0.16%             | 2030-09-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                                         | Sensata Technologies Inc                                                         | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83765.77     | 0.02%             | 2032-07-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| SERVICE CORP INTL                                                                | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    660000 | PA      | $671708.28    | 0.15%             | 2032-10-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| SIRIUS XM RADIO LLC                                                              | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    835000 | PA      | $794141.28    | 0.18%             | 2030-07-01      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| SIX FLAGS ENTERTAINME                                                            | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    160000 | PA      | $153522.78    | 0.03%             | 2031-05-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                                                           | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co  | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $680679.40    | 0.15%             | 2032-05-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| SONIC AUTOMOTIVE INC                                                             | Sonic Automotive Inc                                                             | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    260000 | PA      | $255201.21    | 0.06%             | 2029-11-15      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| SONIC AUTOMOTIVE INC                                                             | Sonic Automotive Inc                                                             | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    495000 | PA      | $478078.97    | 0.11%             | 2031-11-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                                                            | Sotheby's/Bidfair Holdings Inc                                                   | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    975000 | PA      | $907133.62    | 0.21%             | 2029-06-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| BLOCK INC                                                                        | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    700000 | PA      | $727902.00    | 0.16%             | 2032-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| STANDARD BUILDING SOLUTI                                                         | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    335000 | PA      | $342214.87    | 0.08%             | 2033-08-01      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| STAR PARENT INC                                                                  | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    875000 | PA      | $933807.10    | 0.21%             | 2030-10-01      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                          | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    675000 | PA      | $704097.90    | 0.16%             | 2030-07-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| SURGERY CENTER HOLDINGS                                                          | Surgery Center Holdings Inc                                                      | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    430000 | PA      | $434931.37    | 0.10%             | 2032-04-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| TD SYNNEX Corp                                                                   | TD SYNNEX Corp                                                                   | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      9468 | NS      | $1422377.64   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| TRI POINTE HOMES INC                                                             | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $274664.52    | 0.06%             | 2028-06-15      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                                        | Taiwan Semiconductor Manufacturing Co Ltd                                        | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     10794 | NS      | $3280188.66   | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                                          | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $806469.50    | 0.18%             | 2030-12-31      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| TELECOM ITALIA CAPITAL                                                           | Telecom Italia Capital SA                                                        | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    440000 | PA      | $477160.51    | 0.11%             | 2036-07-18      | Fixed         | 7.20%                 | No            | 2                  | On Loan: No      |
| TELUS CORP                                                                       | TELUS Corp                                                                       | CUSIP: 87971MCL5<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |    655000 | PA      | $668390.17    | 0.15%             | 2055-10-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| TELUS CORP                                                                       | TELUS Corp                                                                       | CUSIP: 87971MCR2<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |    155000 | PA      | $154848.47    | 0.04%             | 2056-06-09      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| TENET HEALTHCARE CORP                                                            | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1170572.63   | 0.26%             | 2031-05-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| TERRAFORM POWER OPERATIN                                                         | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    710000 | PA      | $709348.29    | 0.16%             | 2028-01-31      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Tesla Inc                                                                        | Tesla Inc                                                                        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      3700 | NS      | $1663964.00   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                                          | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $690864.05    | 0.16%             | 2031-09-15      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| TOLEDO HOSPITAL/THE                                                              | Toledo Hospital/The                                                              | CUSIP: 889184AE7<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $963757.00    | 0.22%             | 2048-11-15      | Fixed         | 6.02%                 | No            | 2                  | On Loan: No      |
| TRANSDIGM INC                                                                    | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1659468.31   | 0.38%             | 2032-03-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| TRIVIUM PACKAGING FIN                                                            | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    530000 | PA      | $575069.23    | 0.13%             | 2031-01-15      | Fixed         | 12.25%                | No            | 2                  | On Loan: No      |
| TRIVIUM PACKAGING FIN                                                            | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    481000 | PA      | $515625.27    | 0.12%             | 2030-07-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| UBS GROUP AG                                                                     | UBS Group AG                                                                     | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    395000 | PA      | $391352.61    | 0.09%             | 2027-02-12      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| UBS GROUP AG                                                                     | UBS Group AG                                                                     | CUSIP: 902613BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    245000 | PA      | $264117.84    | 0.06%             | 2031-04-12      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| UGI Corp                                                                         | UGI Corp                                                                         | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     38142 | NS      | $1427655.06   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| RESOLUTE TOPCO INC                                                               | RESOLUTE TOPCO INC                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5151 | NS      | $10302.00     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| UWM HOLDINGS LLC                                                                 | UWM Holdings LLC                                                                 | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $239617.39    | 0.05%             | 2031-03-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| US Foods Holding Corp                                                            | US Foods Holding Corp                                                            | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     22599 | NS      | $1702156.68   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                                         | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    900000 | PA      | $893550.06    | 0.20%             | 2029-04-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Uniti Fiber ABS Issuer LLC                                                       | Uniti Fiber Abs Issuer LLC                                                       | CUSIP: 91326EAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380000 | PA      | $388518.42    | 0.09%             | 2055-04-20      | Fixed         | 6.37%                 | No            | 2                  | On Loan: No      |
| UNITI GRP/UNITI HLD/CSL                                                          | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC                      | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              |  | US        |    135000 | PA      | $125555.07    | 0.03%             | 2030-01-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                                          | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              |  | US        |    225000 | PA      | $221634.23    | 0.05%             | 2032-06-15      | Fixed         | 8.63%                 | No            | 2                  | On Loan: No      |
| USA COM PART/USA COM FIN                                                         | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $116378.85    | 0.03%             | 2033-10-01      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| VZ SECURED FINANCING BV                                                          | VZ Secured Financing BV                                                          | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    695000 | PA      | $628942.45    | 0.14%             | 2032-01-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Valmont Industries Inc                                                           | Valmont Industries Inc                                                           | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      3951 | NS      | $1589566.32   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                            | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    870000 | PA      | $940035.87    | 0.21%             | 2033-05-01      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    445000 | PA      | $442519.53    | 0.10%             | 2031-06-01      | Fixed         | 8.38%                 | No            | 2                  | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    525000 | PA      | $542363.03    | 0.12%             | 2032-02-01      | Fixed         | 9.88%                 | No            | 2                  | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                           | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    870000 | PA      | $687065.71    | 0.16%             | 2029-09-30      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| VERITIV OPERATING CO                                                             | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    510000 | PA      | $548358.63    | 0.12%             | 2030-11-30      | Fixed         | 10.50%                | No            | 2                  | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                                         | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    335000 | PA      | $335078.73    | 0.08%             | 2027-07-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| PARAMOUNT GLOBAL                                                                 | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    575000 | PA      | $515723.25    | 0.12%             | 2057-02-28      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| VICI Properties Inc                                                              | VICI Properties Inc                                                              | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     60079 | NS      | $1689421.48   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| VIKING CRUISES LTD                                                               | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    400000 | PA      | $402318.00    | 0.09%             | 2029-02-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| VIKING CRUISES LTD                                                               | Viking Cruises Ltd                                                               | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    190000 | PA      | $192937.97    | 0.04%             | 2033-10-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                                         | Virgin Media Finance PLC                                                         | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    340000 | PA      | $299746.45    | 0.07%             | 2030-07-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                                         | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    850000 | PA      | $786874.92    | 0.18%             | 2030-08-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Virtu Financial Inc                                                              | Virtu Financial Inc                                                              | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     33781 | NS      | $1125582.92   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                                          | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    420000 | PA      | $399692.45    | 0.09%             | 2030-02-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| VISTRA CORP                                                                      | Vistra Corp                                                                      | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    445000 | PA      | $452771.33    | 0.10%             | 2026-12-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| VISTRA CORP                                                                      | Vistra Corp                                                                      | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    625000 | PA      | $688619.38    | 0.16%             | 2029-01-15      | Fixed         | 8.88%                 | No            | 2                  | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                         | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    620000 | PA      | $656689.85    | 0.15%             | 2031-10-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| Vista Management Holding Inc                                                     | Vista Management Holding Inc 2025 Term Loan B                                    | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |    202950 | PA      | $204640.57    | 0.05%             | 2031-04-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Walmart Inc                                                                      | Walmart Inc                                                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     22796 | NS      | $2539702.36   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| WAYFAIR LLC                                                                      | Wayfair LLC                                                                      | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    490000 | PA      | $503759.20    | 0.11%             | 2032-11-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| WESCO DISTRIBUTION INC                                                           | WESCO Distribution Inc                                                           | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    725000 | PA      | $757019.14    | 0.17%             | 2032-03-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| ENVIVA EQUITY                                                                    | ENVIVA EQUITY                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103033 | NS      | $1524888.40   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| WHIRLPOOL CORP                                                                   | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    470000 | PA      | $469428.85    | 0.11%             | 2030-06-15      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                                                         | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $629861.74    | 0.14%             | 2031-10-01      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                                   | ALLSPRING GOVERNMENT MONEY MAR                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  46525520 | NS      | $46525519.55  | 10.53%            |  |  |  | No            | 1                  | On Loan: No      |
| ZF NA CAPITAL                                                                    | ZF North America Capital Inc                                                     | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    390000 | PA      | $381394.77    | 0.09%             | 2032-04-23      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| ZF NA CAPITAL                                                                    | ZF North America Capital Inc                                                     | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    310000 | PA      | $313334.67    | 0.07%             | 2031-03-24      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP                                                          | Zebra Technologies Corp                                                          | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    490000 | PA      | $506524.76    | 0.11%             | 2032-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ZEGONA FINANCE PLC                                                               | Zegona Finance PLC                                                               | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    719000 | PA      | $762630.36    | 0.17%             | 2029-07-15      | Fixed         | 8.63%                 | No            | 2                  | On Loan: No      |
| Alrosa PJSC                                                                      | Alrosa PJSC                                                                      | CUSIP: 000000000<br>LEI: 894500DKUWVBYZLLE651 | Long             | EC               | CORP              | RU        |     42660 | NS      | $0.00         | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| ABN AMRO BANK NV                                                                 | ABN AMRO Bank NV                                                                 | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   1300000 | PA      | $1540845.25   | 0.35%             | 2027-09-22      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| INTESA SANPAOLO SPA                                                              | Intesa Sanpaolo SpA                                                              | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   1200000 | PA      | $1443733.19   | 0.33%             | 2028-03-01      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                                         | Svenska Handelsbanken AB                                                         | CUSIP: 000000000<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   1000000 | PA      | $949251.95    | 0.21%             | 2031-03-01      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| UNICREDIT SPA                                                                    | UniCredit SpA                                                                    | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   1200000 | PA      | $1414583.53   | 0.32%             | 2027-12-03      | Fixed         | 4.45%                 | Yes           | 2                  | On Loan: No      |
| UNICAJA BANCO SA                                                                 | Unicaja Banco SA                                                                 | CUSIP: 000000000<br>LEI: 5493007SJLLCTM6J6M37 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $710408.39    | 0.16%             | 2026-11-18      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| AVIVA PLC                                                                        | Aviva PLC                                                                        | CUSIP: 000000000<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $1038252.15   | 0.23%             | 2031-12-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                         | Lloyds Banking Group PLC                                                         | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1411978.16   | 0.32%             | 2027-09-27      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| CREDIT AGRICOLE SA                                                               | Credit Agricole SA                                                               | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1634831.52   | 0.37%             | 2028-09-23      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| CAIXABANK SA                                                                     | CaixaBank SA                                                                     | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $1045253.90   | 0.24%             | 2029-03-13      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| Aegon Ltd                                                                        | Aegon Ltd                                                                        | CUSIP: 000000000<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | EC               | CORP              | BM        |    181981 | NS      | $1420057.42   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| INVESTEC PLC                                                                     | Investec PLC                                                                     | CUSIP: 000000000<br>LEI: 2138007Z3U5GWDN3MY22 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $753308.21    | 0.17%             | 2029-08-28      | Fixed         | 10.50%                | Yes           | 2                  | On Loan: No      |
| ASR NEDERLAND NV                                                                 | ASR Nederland NV                                                                 | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | DBT              | CORP              | NL        |    900000 | PA      | $1134171.41   | 0.26%             | 2031-12-27      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| AIB GROUP PLC                                                                    | AIB Group PLC                                                                    | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1269321.76   | 0.29%             | 2029-10-30      | Fixed         | 7.13%                 | Yes           | 2                  | On Loan: No      |
| COVENTRY BLDG SOCIETY                                                            | Coventry Building Society                                                        | CUSIP: 000000000<br>LEI: 2138004G59FXEAZ6IO10 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $579325.40    | 0.13%             | 2029-06-11      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                          | Nationwide Building Society                                                      | CUSIP: 000000000<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1403008.90   | 0.32%             | 2030-12-20      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| BAWAG GROUP AG                                                                   | BAWAG Group AG                                                                   | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | DBT              | CORP              | AT        |    800000 | PA      | $1003376.35   | 0.23%             | 2029-09-18      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| KBC GROUP NV                                                                     | KBC Group NV                                                                     | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |   1000000 | PA      | $1232643.77   | 0.28%             | 2031-09-17      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| DEUTSCHE BANK AG                                                                 | Deutsche Bank AG                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $758991.16    | 0.17%             | 2031-10-30      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| ACHMEA BV                                                                        | Achmea BV                                                                        | CUSIP: 000000000<br>LEI: 7245007QUMI1FHIQV531 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $302675.06    | 0.07%             | 2035-01-28      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| NATWEST GROUP PLC                                                                | NatWest Group PLC                                                                | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $699198.10    | 0.16%             | 2032-02-28      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                                                                     | Barclays PLC                                                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $866621.65    | 0.20%             | 2031-09-15      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| BANKINTER SA                                                                     | Bankinter SA                                                                     | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $1208975.24   | 0.27%             | 2030-06-30      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| ABANCA CORP BANCARIA SA                                                          | Abanca Corp Bancaria SA                                                          | CUSIP: 000000000<br>LEI: 54930056IRBXK0Q1FP96 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $474740.37    | 0.11%             | 2031-09-19      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| RCI BANQUE SA                                                                    | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $472554.50    | 0.11%             | 2030-09-24      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| BPCE ASSURANCES SA                                                               | BPCE Assurances SA                                                               | CUSIP: 000000000<br>LEI: 969500UHP35QWCZ0F449 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $472475.99    | 0.11%             | 2032-04-22      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| BARCLAYS PLC                                                                     | Barclays PLC                                                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $587111.11    | 0.13%             | 2035-12-15      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| DEUTSCHE BANK AG                                                                 | Deutsche Bank AG                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $480069.20    | 0.11%             | 2034-10-30      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Chicago Mercantile Exchange                                                      | S+P500 EMINI FUT MAR26                                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        71 | NC      | $13343.45     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Osaka Exchange                                                                   | TOPIX INDX FUTR MAR26                                                            | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |        39 | NC      | $109320.26    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures U.S., Inc.                                                           | MSCI EMGMKT MAR26                                                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       249 | NC      | $310649.91    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                                           | US 10YR NOTE (CBT)MAR26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        48 | NC      | $-18877.68    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                                                      | NASDAQ 100 E-MINI MAR26                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        38 | NC      | $-4126.80     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                                           | US 5YR NOTE (CBT) MAR26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       344 | NC      | $-57218.21    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                                           | US 10YR ULTRA FUT MAR26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       214 | NC      | $-90852.63    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Ping An Insurance Group Co of China Ltd                                          | Ping An Insurance Group Co of China Ltd                                          | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    182500 | NS      | $1527731.38   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Engie SA                                                                         | Engie SA                                                                         | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     91508 | NS      | $2409975.90   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| China Construction Bank Corp                                                     | China Construction Bank Corp                                                     | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |   1558000 | NS      | $1539442.61   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| 3i Group PLC                                                                     | 3i Group PLC                                                                     | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     37167 | NS      | $1634739.39   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Sompo Holdings Inc                                                               | Sompo Holdings Inc                                                               | CUSIP: 000000000<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |     75100 | NS      | $2549058.65   | 0.58%             |  |  |  | No            | 2                  | On Loan: No      |
| BB Seguridade Participacoes SA                                                   | BB Seguridade Participacoes SA                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    281341 | NS      | $1858438.81   | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| CommScope Inc                                                                    | CommScope Inc 2024 Term Loan                                                     | CUSIP: 000000000<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | LON              | CORP              | US        |    855000 | PA      | $855401.85    | 0.19%             | 2029-12-17      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Modivcare Inc.                                                                   | Modivcare Inc 2025 DIP Term Loan                                                 | CUSIP: 000000000<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |     92194 | PA      | $89428.03     | 0.02%             | 2026-02-22      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| Modivcare Inc.                                                                   | Modivcare Inc 2025 DIP Delayed Draw Term Loan                                    | CUSIP: 000000000<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |     54665 | PA      | $53024.74     | 0.01%             | 2026-02-22      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| Owens-Illinois Inc                                                               | Owens-Illinois Inc 2025 Term Loan B                                              | CUSIP: 000000000<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | LON              | CORP              | US        |    420000 | PA      | $423019.80    | 0.10%             | 2032-09-30      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Plus500 Ltd                                                                      | Plus500 Ltd                                                                      | CUSIP: 000000000<br>LEI: 549300X8NGW9C5OJZU13 | Long             | EC               | CORP              | IL        |     28427 | NS      | $1390950.26   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Haier Smart Home Co Ltd                                                          | Haier Smart Home Co Ltd                                                          | CUSIP: 000000000<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |    277600 | NS      | $866039.81    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| ING GROEP NV                                                                     | ING Groep NV                                                                     | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $967751.14    | 0.22%             | 2029-05-16      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| UniCredit SpA                                                                    | UniCredit SpA                                                                    | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     18787 | NS      | $1556065.07   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| ING Groep NV                                                                     | ING Groep NV                                                                     | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     57573 | NS      | $1624511.53   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Bausch & Lomb Corporation                                                        | Bausch & Lomb Corporation 2025 Term Loan B                                       | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    298500 | PA      | $301186.50    | 0.07%             | 2031-01-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS                                                                      | BNP Paribas SA                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1400000 | PA      | $1485678.60   | 0.34%             | 2028-08-14      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| BNP PARIBAS                                                                      | BNP Paribas SA                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1500000 | PA      | $1506438.00   | 0.34%             | 2033-12-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| SOCIETE GENERALE                                                                 | Societe Generale SA                                                              | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1200000 | PA      | $1281788.40   | 0.29%             | 2027-11-22      | Fixed         | 9.38%                 | Yes           | 2                  | On Loan: No      |
| nVent Electric PLC                                                               | nVent Electric PLC                                                               | CUSIP: 000000000<br>LEI: 254900LK60A9DK5W5N81 | Long             | EC               | CORP              | IE        |     11600 | NS      | $1182852.00   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Seagate Technology Holdings PLC                                                  | Seagate Technology Holdings PLC                                                  | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |      4927 | NS      | $1356846.53   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| STANDARD CHARTERED PLC                                                           | Standard Chartered PLC                                                           | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1543755.00   | 0.35%             | 2035-11-14      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| UBS GROUP AG                                                                     | UBS Group AG                                                                     | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    800000 | PA      | $792612.88    | 0.18%             | 2027-02-12      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Connect Finco Sarl                                                               | Connect Finco Sarl 2024 Extended Term Loan B                                     | CUSIP: 000000000<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |    397975 | PA      | $396812.59    | 0.09%             | 2029-09-27      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| NORDEA BANK ABP                                                                  | Nordea Bank Abp                                                                  | CUSIP: 000000000<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   1000000 | PA      | $1026759.00   | 0.23%             | 2033-11-10      | Fixed         | 6.75%                 | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer