# EDGAR Filing Document

**Accession Number:** 0001081402
**File Stem:** 0001410368-26-052342
**Filing Date:** 2026-5
**Character Count:** 40719
**Document Hash:** 6cbca2a64594f17f9b0a195d5b35f0b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-052342.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0001410368-26-052342

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING VARIABLE TRUST
- **CENTRAL INDEX KEY:** 0001081402

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09255
- **FILM NUMBER:** 261022876

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Allspring VARIABLE TRUST
- **DATE OF NAME CHANGE:** 20211206

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

## Series and Classes Contracts Data

### Allspring VT Discovery All Cap Growth Fund (Series ID: S000029416)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000090341 | Class 1      |  |
| C000090342 | Class 2      |  |

## Nport-Ex

Portfolio of investments—March 31, 2026 (unaudited)

Portfolio of investments

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

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Common stocks: 97.19%** |  |  |
| **Communication services: 11.43%** |  |  |
| **Entertainment: 5.73%** |  |  |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc.† | 3985 | &nbsp;&nbsp; $607752 |
| &nbsp;&nbsp;&nbsp; Netflix, Inc.† | 4704 | &nbsp;&nbsp; 452290 |
| &nbsp;&nbsp;&nbsp; Roblox Corp. Class A† | 6288 | &nbsp;&nbsp; 355649 |
| &nbsp;&nbsp;&nbsp; Spotify Technology SA† | 1054 | &nbsp;&nbsp; 511095 |
| &nbsp;&nbsp;&nbsp; TKO Group Holdings, Inc. Class A | 3646 | &nbsp;&nbsp; 735216 |
|  |  | &nbsp;&nbsp; **2662002** |
| **Interactive media & services: 5.70%** |  |  |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc. Class A | 9219 | &nbsp;&nbsp; **2651016** |
| **Consumer discretionary: 13.08%** |  |  |
| **Automobiles: 1.24%** |  |  |
| &nbsp;&nbsp;&nbsp; Ferrari NV | 1698 | &nbsp;&nbsp; **574688** |
| **Broadline retail: 5.59%** |  |  |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc.† | 10221 | &nbsp;&nbsp; 2128728 |
| &nbsp;&nbsp;&nbsp; MercadoLibre, Inc.† | 272 | &nbsp;&nbsp; 470293 |
|  |  | &nbsp;&nbsp; **2599021** |
| **Hotels, restaurants & leisure: 3.48%** |  |  |
| &nbsp;&nbsp;&nbsp; Cava Group, Inc.† | 4433 | &nbsp;&nbsp; 358630 |
| &nbsp;&nbsp;&nbsp; DoorDash, Inc. Class A† | 4495 | &nbsp;&nbsp; 674924 |
| &nbsp;&nbsp;&nbsp; Starbucks Corp. | 6508 | &nbsp;&nbsp; 583052 |
|  |  | &nbsp;&nbsp; **1616606** |
| **Specialty retail: 1.77%** |  |  |
| &nbsp;&nbsp;&nbsp; Carvana Co. Class A† | 1460 | &nbsp;&nbsp; 458995 |
| &nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc.† | 3944 | &nbsp;&nbsp; 364071 |
|  |  | &nbsp;&nbsp; **823066** |
| **Textiles, apparel & luxury goods: 1.00%** |  |  |
| &nbsp;&nbsp;&nbsp; Amer Sports, Inc.† | 6614 | &nbsp;&nbsp; 217733 |
| &nbsp;&nbsp;&nbsp; Deckers Outdoor Corp.† | 2472 | &nbsp;&nbsp; 247422 |
|  |  | &nbsp;&nbsp; **465155** |
| **Consumer staples: 1.65%** |  |  |
| **Consumer staples distribution & retail: 1.65%** |  |  |
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | 6149 | &nbsp;&nbsp; **764198** |
| **Financials: 1.98%** |  |  |
| **Capital markets: 0.99%** |  |  |
| &nbsp;&nbsp;&nbsp; Robinhood Markets, Inc. Class A† | 6623 | &nbsp;&nbsp; **458974** |
| **Financial services: 0.99%** |  |  |
| &nbsp;&nbsp;&nbsp; Affirm Holdings, Inc.† | 5555 | &nbsp;&nbsp; 254530 |
| &nbsp;&nbsp;&nbsp; Mastercard, Inc. Class A | 414 | &nbsp;&nbsp; 206859 |
|  |  | &nbsp;&nbsp; **461389** |

---

See accompanying notes to portfolio of investments

Allspring VT Discovery All Cap Growth Fund \| 1

------

Portfolio of investments—March 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Health care: 13.22%** |  |  |
| **Biotechnology: 3.65%** |  |  |
| &nbsp;&nbsp;&nbsp; Alnylam Pharmaceuticals, Inc.† | 1134 | &nbsp;&nbsp; $375207 |
| &nbsp;&nbsp;&nbsp; argenx SE ADR† | 673 | &nbsp;&nbsp; 491458 |
| &nbsp;&nbsp;&nbsp; Bridgebio Pharma, Inc.† | 4724 | &nbsp;&nbsp; 350804 |
| &nbsp;&nbsp;&nbsp; Natera, Inc.† | 2398 | &nbsp;&nbsp; 479576 |
|  |  | &nbsp;&nbsp; **1697045** |
| **Health care equipment & supplies: 2.65%** |  |  |
| &nbsp;&nbsp;&nbsp; Edwards Lifesciences Corp.† | 6200 | &nbsp;&nbsp; 496496 |
| &nbsp;&nbsp;&nbsp; Medline, Inc. Class A† | 8482 | &nbsp;&nbsp; 377449 |
| &nbsp;&nbsp;&nbsp; Penumbra, Inc.† | 1084 | &nbsp;&nbsp; 355953 |
|  |  | &nbsp;&nbsp; **1229898** |
| **Health care providers & services: 1.56%** |  |  |
| &nbsp;&nbsp;&nbsp; Cencora, Inc. | 2310 | &nbsp;&nbsp; **725663** |
| **Pharmaceuticals: 5.36%** |  |  |
| &nbsp;&nbsp;&nbsp; AstraZeneca PLC | 3407 | &nbsp;&nbsp; 671929 |
| &nbsp;&nbsp;&nbsp; Elanco Animal Health, Inc.† | 17945 | &nbsp;&nbsp; 429424 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 1513 | &nbsp;&nbsp; 1391612 |
|  |  | &nbsp;&nbsp; **2492965** |
| **Industrials: 18.84%** |  |  |
| **Aerospace & defense: 5.93%** |  |  |
| &nbsp;&nbsp;&nbsp; Axon Enterprise, Inc.† | 858 | &nbsp;&nbsp; 364384 |
| &nbsp;&nbsp;&nbsp; Carpenter Technology Corp. | 1742 | &nbsp;&nbsp; 686609 |
| &nbsp;&nbsp;&nbsp; Curtiss-Wright Corp. | 918 | &nbsp;&nbsp; 625268 |
| &nbsp;&nbsp;&nbsp; General Electric Co. | 2807 | &nbsp;&nbsp; 796543 |
| &nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, Inc.† | 4038 | &nbsp;&nbsp; 284719 |
|  |  | &nbsp;&nbsp; **2757523** |
| **Building products: 2.68%** |  |  |
| &nbsp;&nbsp;&nbsp; Armstrong World Industries, Inc. | 2254 | &nbsp;&nbsp; 371459 |
| &nbsp;&nbsp;&nbsp; Johnson Controls International PLC | 6661 | &nbsp;&nbsp; 872258 |
|  |  | &nbsp;&nbsp; **1243717** |
| **Commercial services & supplies: 0.83%** |  |  |
| &nbsp;&nbsp;&nbsp; Cintas Corp. | 2268 | &nbsp;&nbsp; **383610** |
| **Construction & engineering: 4.14%** |  |  |
| &nbsp;&nbsp;&nbsp; Comfort Systems USA, Inc. | 489 | &nbsp;&nbsp; 674326 |
| &nbsp;&nbsp;&nbsp; Construction Partners, Inc. Class A† | 4186 | &nbsp;&nbsp; 465148 |
| &nbsp;&nbsp;&nbsp; Quanta Services, Inc. | 1427 | &nbsp;&nbsp; 783452 |
|  |  | &nbsp;&nbsp; **1922926** |
| **Electrical equipment: 1.70%** |  |  |
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co. Class A | 3152 | &nbsp;&nbsp; **789828** |
| **Ground transportation: 0.82%** |  |  |
| &nbsp;&nbsp;&nbsp; XPO, Inc.† | 1971 | &nbsp;&nbsp; **383458** |

---

See accompanying notes to portfolio of investments

2 \| Allspring VT Discovery All Cap Growth Fund

------

Portfolio of investments—March 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Machinery: 0.74%** |  |  |
| &nbsp;&nbsp;&nbsp; Symbotic, Inc. Class A† | 6498 | &nbsp;&nbsp; **$345694** |
| **Professional services: 2.00%** |  |  |
| &nbsp;&nbsp;&nbsp; UL Solutions, Inc. Class A | 10847 | &nbsp;&nbsp; **929696** |
| **Information technology: 36.18%** |  |  |
| **Communications equipment: 1.43%** |  |  |
| &nbsp;&nbsp;&nbsp; Arista Networks, Inc.† | 5416 | &nbsp;&nbsp; **664977** |
| **Electronic equipment, instruments & components: 1.51%** |  |  |
| &nbsp;&nbsp;&nbsp; Amphenol Corp. Class A | 5554 | &nbsp;&nbsp; **701748** |
| **IT services: 2.78%** |  |  |
| &nbsp;&nbsp;&nbsp; Cloudflare, Inc. Class A† | 3124 | &nbsp;&nbsp; 644606 |
| &nbsp;&nbsp;&nbsp; Shopify, Inc. Class A† | 5463 | &nbsp;&nbsp; 648021 |
|  |  | &nbsp;&nbsp; **1292627** |
| **Semiconductors & semiconductor equipment: 21.40%** |  |  |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 7540 | &nbsp;&nbsp; 2333705 |
| &nbsp;&nbsp;&nbsp; KLA Corp. | 507 | &nbsp;&nbsp; 746512 |
| &nbsp;&nbsp;&nbsp; Micron Technology, Inc. | 720 | &nbsp;&nbsp; 243245 |
| &nbsp;&nbsp;&nbsp; Monolithic Power Systems, Inc. | 659 | &nbsp;&nbsp; 720518 |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | 25396 | &nbsp;&nbsp; 4429062 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 3044 | &nbsp;&nbsp; 1028720 |
| &nbsp;&nbsp;&nbsp; Tower Semiconductor Ltd.† | 2528 | &nbsp;&nbsp; 443613 |
|  |  | &nbsp;&nbsp; **9945375** |
| **Software: 8.26%** |  |  |
| &nbsp;&nbsp;&nbsp; AppLovin Corp. Class A† | 1087 | &nbsp;&nbsp; 432626 |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc.† | 416 | &nbsp;&nbsp; 115594 |
| &nbsp;&nbsp;&nbsp; Circle Internet Group, Inc. Class A† | 2323 | &nbsp;&nbsp; 221637 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | 8293 | &nbsp;&nbsp; 3069820 |
|  |  | &nbsp;&nbsp; **3839677** |
| **Technology hardware, storage & peripherals: 0.80%** |  |  |
| &nbsp;&nbsp;&nbsp; Sandisk Corp.† | 580 | &nbsp;&nbsp; **368497** |
| **Utilities: 0.81%** |  |  |
| **Independent power and renewable electricity producers: 0.81%** |  |  |
| &nbsp;&nbsp;&nbsp; Talen Energy Corp.† | 1178 | &nbsp;&nbsp; **376053** |
| **Total common stocks (Cost $31,756,977)** |  | &nbsp;&nbsp; **45167092** |

---

See accompanying notes to portfolio of investments

Allspring VT Discovery All Cap Growth Fund \| 3

------

Portfolio of investments—March 31, 2026 (unaudited)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares | Value |
| **Short-term investments: 2.18%** |  |  |  |  |
| **Investment companies: 2.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞ |  | 3.60<br> %<br>| 1012611 | &nbsp;&nbsp; **$1012611** |
| **Total short-term investments (Cost $1,012,611)** |  |  |  | &nbsp;&nbsp; **1012611** |
| **Total investments in securities (Cost $32,769,588)** | 99.37<br> %<br>|  |  | &nbsp;&nbsp; 46179703 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | 0.63 |  |  | &nbsp;&nbsp; 293397 |
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$46473100** |

---

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

† Non-income-earning security <br> ♠ The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. <br> ∞ The rate represents the 7-day annualized yield at period end.

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

Abbreviations: <br> ADR American depositary receipt

**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>| $1811221 | $4477715 | $(5276325)<br>| $0 | $0 | $1012611 | 1012611 | $9088 |

---

See accompanying notes to portfolio of investments

4 \| Allspring VT Discovery All Cap Growth Fund

------

Notes to portfolio of investments—March 31, 2026 (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.

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

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

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

Fair valuation measurements

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Common stocks** |  |  |  |  |
| *Communication services* | &nbsp;&nbsp; $5313018 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $5313018 |
| *Consumer discretionary* | &nbsp;&nbsp; 6078536 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 6078536 |
| *Consumer staples* | &nbsp;&nbsp; 764198 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 764198 |
| *Financials* | &nbsp;&nbsp; 920363 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 920363 |
| *Health care* | &nbsp;&nbsp; 6145571 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 6145571 |
| *Industrials* | &nbsp;&nbsp; 8756452 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 8756452 |
| *Information technology* | &nbsp;&nbsp; 16812901 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 16812901 |
| *Utilities* | &nbsp;&nbsp; 376053 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 376053 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 1012611 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1012611 |
| **Total assets** | &nbsp;&nbsp; **$46179703** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$46179703** |

---

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

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

Allspring VT Discovery All Cap Growth Fund \| 5

------

## 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 VARIABLE TRUST

- **b. Investment Company Act file number:** 811-09255

- **c. CIK number of Registrant:** 0001081402

- **d. LEI of Registrant:** 549300U0J5D2H67RJ003

- **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 VT Discovery All Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000029416

- **c. LEI of Series:** 54930054ABALI5Q0IB47

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $46538312.97

**Total Liabilities:** $52388.75

**Net Assets:** $46485924.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000090341 | -1.91%               | -1.60%               | -1.91%               |
| Class ID C000090342 | -1.92%               | -1.61%               | -1.92%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $299703.84               | $-1268089.96                               |
| Month 2  | $307860.89               | $-1116746.09                               |
| Month 3  | $-126196.68              | $-2898305.75                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Affirm Holdings Inc                       | Affirm Holdings Inc                       | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5555 | NS      | $254530.10    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc               | Alnylam Pharmaceuticals Inc               | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      1134 | NS      | $375206.58    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                              | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      9219 | NS      | $2651015.64   | 5.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                            | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     10221 | NS      | $2128727.67   | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                               | Cencora Inc                               | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      2310 | NS      | $725663.40    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                             | Amphenol Corp                             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      5554 | NS      | $701747.90    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                             | AppLovin Corp                             | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1087 | NS      | $432626.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                 | Argenx SE                                 | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       673 | NS      | $491458.25    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                       | Arista Networks Inc                       | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      5416 | NS      | $664976.48    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc            | Armstrong World Industries Inc            | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      2254 | NS      | $371459.20    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                       | Axon Enterprise Inc                       | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       858 | NS      | $364384.02    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                      | Bridgebio Pharma Inc                      | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |      4724 | NS      | $350804.24    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                              | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      7540 | NS      | $2333705.40   | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                | Cadence Design Systems Inc                | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       416 | NS      | $115593.92    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                 | Carpenter Technology Corp                 | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      1742 | NS      | $686609.30    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                | Carvana Co                                | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      1460 | NS      | $458994.80    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                            | Cava Group Inc                            | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4433 | NS      | $358629.70    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc                 | Circle Internet Group Inc                 | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |      2323 | NS      | $221637.43    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                               | Cintas Corp                               | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2268 | NS      | $383609.52    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                            | Cloudflare Inc                            | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      3124 | NS      | $644606.16    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                   | Comfort Systems USA Inc                   | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       489 | NS      | $674326.11    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc                 | Construction Partners Inc                 | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |      4186 | NS      | $465148.32    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                       | Curtiss-Wright Corp                       | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       918 | NS      | $625268.16    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                      | Deckers Outdoor Corp                      | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      2472 | NS      | $247422.48    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                              | DoorDash Inc                              | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      4495 | NS      | $674924.25    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp                 | Edwards Lifesciences Corp                 | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      6200 | NS      | $496496.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                  | Elanco Animal Health Inc                  | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |     17945 | NS      | $429423.85    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                       | General Electric Co                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      2807 | NS      | $796542.39    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                  | KLA Corp                                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       507 | NS      | $746511.87    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc   | Kratos Defense & Security Solutions Inc   | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      4038 | NS      | $284719.38    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                            | Eli Lilly & Co                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1513 | NS      | $1391612.01   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc             | Live Nation Entertainment Inc             | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      3985 | NS      | $607752.35    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                            | Mastercard Inc                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       414 | NS      | $206859.24    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Medline Inc                               | Medline Inc                               | CUSIP: 58507V107<br>LEI: 984500FAN6J1P8566D43 | Long             | EC               | CORP              | US        |      8482 | NS      | $377449.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       272 | NS      | $470293.44    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      8293 | NS      | $3069819.81   | 6.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                     | Micron Technology Inc                     | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |       720 | NS      | $243244.80    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc              | Monolithic Power Systems Inc              | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       659 | NS      | $720517.65    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                | Natera Inc                                | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |      2398 | NS      | $479576.02    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                               | Netflix Inc                               | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      4704 | NS      | $452289.60    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     25396 | NS      | $4429062.40   | 9.53%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                   | O'Reilly Automotive Inc                   | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      3944 | NS      | $364070.64    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                              | Penumbra Inc                              | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      1084 | NS      | $355953.08    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                       | Quanta Services Inc                       | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      1427 | NS      | $783451.54    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                     | Robinhood Markets Inc                     | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      6623 | NS      | $458973.90    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                               | ROBLOX Corp                               | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |      6288 | NS      | $355649.28    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp/DE                           | Sandisk Corp/DE                           | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       580 | NS      | $368497.20    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                               | Shopify Inc                               | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      5463 | NS      | $648021.06    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                             | Snowflake Inc                             | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      2189 | NS      | $330144.98    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                            | Starbucks Corp                            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      6508 | NS      | $583051.72    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Symbotic Inc                              | Symbotic Inc                              | CUSIP: 87151X101<br>LEI: 529900UN9QT55OG9I235 | Long             | EC               | CORP              | US        |      6498 | NS      | $345693.60    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                    | TKO Group Holdings Inc                    | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3646 | NS      | $735215.90    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      3044 | NS      | $1028719.80   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp                         | Talen Energy Corp                         | CUSIP: 87422Q109<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | EC               | CORP              | US        |      1178 | NS      | $376052.94    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc                          | UL Solutions Inc                          | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |     10847 | NS      | $929696.37    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                        | Vertiv Holdings Co                        | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      3152 | NS      | $789828.16    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                               | Walmart Inc                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      6149 | NS      | $764197.72    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR            | ALLSPRING GOVERNMENT MONEY MAR            | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1012611 | NS      | $1012611.35   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                   | XPO Inc                                   | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |      1971 | NS      | $383458.05    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc                           | Amer Sports Inc                           | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | KY        |      6614 | NS      | $217732.88    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                           | AstraZeneca PLC                           | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      3407 | NS      | $671928.54    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc        | Johnson Controls International plc        | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      6661 | NS      | $872257.95    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                     | Spotify Technology SA                     | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      1054 | NS      | $511095.14    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd                   | Tower Semiconductor Ltd                   | CUSIP: 000000000<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |      2528 | NS      | $443613.44    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                                | Ferrari NV                                | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      1698 | NS      | $574688.10    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-29

**Name of Applicant:** Allspring VARIABLE TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer