# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001410368-25-030659
**Filing Date:** 2025-11
**Character Count:** 154995
**Document Hash:** 49942363b8595e03ab6261dfcb6a762b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-030659.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001410368-25-030659

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**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:** 251516048

**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 California Tax-Free Fund (Series ID: S000007390)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020272 | Class A             | SCTAX           |
| C000020274 | Class C             | SCTCX           |
| C000020275 | Administrator Class | SGCAX           |
| C000150655 | Institutional Class | SGTIX           |

## Nport-Ex

Portfolio of investments—September 30, 2025 (unaudited)

Portfolio of investments

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Municipal obligations: 98.30%** |  |  |  |  |
| **Alabama: 0.53%** |  |  |  |  |
| **Utilities revenue: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Series Eøø | 5.00<br> %<br>| &nbsp;&nbsp; 12-1-2055 | $2750000 | &nbsp;&nbsp; $**2963911** |
| **California: 97.37%** |  |  |  |  |
| **Airport revenue: 9.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Burbank-Glendale-Pasadena Airport Authority Brick Campaign <br> Series B AMT<br>| 5.25 | &nbsp;&nbsp; 7-1-2054 | 5260000 | &nbsp;&nbsp; 5425052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority LAX Integrated Express <br> Solutions LLC Series A-P3 AMT<br>| 5.00 | &nbsp;&nbsp; 12-31-2043 | 5730000 | &nbsp;&nbsp; 5737054 |
| &nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports Series A AMT | 5.00 | &nbsp;&nbsp; 5-15-2047 | 5000000 | &nbsp;&nbsp; 5010427 |
| &nbsp;&nbsp;&nbsp; County of Sacramento Airport System Revenue Series A AMT | 5.00 | &nbsp;&nbsp; 7-1-2036 | 900000 | &nbsp;&nbsp; 988216 |
| &nbsp;&nbsp;&nbsp; County of Sacramento Airport System Revenue Series A AMT | 5.00 | &nbsp;&nbsp; 7-1-2037 | 750000 | &nbsp;&nbsp; 815058 |
| &nbsp;&nbsp;&nbsp; County of Sacramento Airport System Revenue Series C AMT | 5.00 | &nbsp;&nbsp; 7-1-2038 | 3000000 | &nbsp;&nbsp; 3066397 |
| &nbsp;&nbsp;&nbsp; Norman Y Mineta San Jose International Airport SJC Series A AMT | 5.00 | &nbsp;&nbsp; 3-1-2047 | 4000000 | &nbsp;&nbsp; 4001389 |
| &nbsp;&nbsp;&nbsp; Norman Y Mineta San Jose International Airport SJC Series B | 5.00 | &nbsp;&nbsp; 3-1-2042 | 1750000 | &nbsp;&nbsp; 1775482 |
| &nbsp;&nbsp;&nbsp; San Diego County Regional Airport Authority Series B AMT | 5.00 | &nbsp;&nbsp; 7-1-2056 | 6040000 | &nbsp;&nbsp; 6085858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Francisco City & County Airport Commission San Francisco <br> International Airport Series A AMT<br>| 4.00 | &nbsp;&nbsp; 5-1-2052 | 3500000 | &nbsp;&nbsp; 3041826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Francisco City & County Airport Commission San Francisco <br> International Airport Series A AMT<br>| 5.00 | &nbsp;&nbsp; 5-1-2047 | 7715000 | &nbsp;&nbsp; 7730813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Francisco City & County Airport Commission San Francisco <br> International Airport Series A AMT<br>| 5.00 | &nbsp;&nbsp; 5-1-2049 | 5000000 | &nbsp;&nbsp; 5027193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Francisco City & County Airport Commission San Francisco <br> International Airport Series A AMT<br>| 5.25 | &nbsp;&nbsp; 5-1-2049 | 2000000 | &nbsp;&nbsp; 2075216 |
|  |  |  |  | &nbsp;&nbsp; **50779981** |
| **Education revenue: 9.74%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Educational Facilities Authority Loma Linda University <br> Series A<br>| 5.00 | &nbsp;&nbsp; 4-1-2042 | 2645000 | &nbsp;&nbsp; 2654248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank Equitable <br> School Revolving Fund LLC Obligated Group Series B<br>| 5.00 | &nbsp;&nbsp; 11-1-2054 | 1250000 | &nbsp;&nbsp; 1257189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Baptist University <br> Series A144A<br>| 5.00 | &nbsp;&nbsp; 11-1-2025 | 240000 | &nbsp;&nbsp; 240149 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority Biola University, Inc. | 5.00 | &nbsp;&nbsp; 10-1-2035 | 600000 | &nbsp;&nbsp; 612317 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority Institute of the Arts | 4.00 | &nbsp;&nbsp; 10-1-2046 | 1930000 | &nbsp;&nbsp; 1668412 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority Institute of the Arts | 4.00 | &nbsp;&nbsp; 10-1-2051 | 1150000 | &nbsp;&nbsp; 949108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Literacy First Charter School <br> Issuer LLC Series A<br>| 5.00 | &nbsp;&nbsp; 12-1-2039 | 1390000 | &nbsp;&nbsp; 1422809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Literacy First Charter School <br> Issuer LLC Series A<br>| 5.00 | &nbsp;&nbsp; 12-1-2049 | 750000 | &nbsp;&nbsp; 750602 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority Samuel Merritt University | 5.25 | &nbsp;&nbsp; 6-1-2053 | 9500000 | &nbsp;&nbsp; 9742479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority STREAM Charter School <br> Series A144A<br>| 5.00 | &nbsp;&nbsp; 6-15-2041 | 925000 | &nbsp;&nbsp; 857339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority STREAM Charter School <br> Series A144A<br>| 5.00 | &nbsp;&nbsp; 6-15-2051 | 1390000 | &nbsp;&nbsp; 1196284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority University of the Pacific <br> Series A<br>| 4.00 | &nbsp;&nbsp; 11-1-2042 | 1600000 | &nbsp;&nbsp; 1553768 |

---

See accompanying notes to portfolio of investments

Allspring California Tax-Free Fund \| 1

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Education revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Alliance for College Ready Public <br> Schools Obligated Group144A<br>| 5.00<br> %<br>| &nbsp;&nbsp; 7-1-2049 | $1000000 | &nbsp;&nbsp; $1009338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Aspire Public Schools Obligated <br> Group Series A144A<br>| 4.00 | &nbsp;&nbsp; 8-1-2051 | 775000 | &nbsp;&nbsp; 632415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Aspire Public Schools Obligated <br> Group Series A144A<br>| 5.00 | &nbsp;&nbsp; 8-1-2050 | 3540000 | &nbsp;&nbsp; 3357829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Bright Star Schools Obligated <br> Group144A<br>| 5.00 | &nbsp;&nbsp; 6-1-2047 | 1000000 | &nbsp;&nbsp; 912164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Bright Star Schools Obligated <br> Group144A<br>| 5.00 | &nbsp;&nbsp; 6-1-2054 | 1000000 | &nbsp;&nbsp; 884588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Girls Athletic Leadership Schools <br> Los Angeles Series A144A<br>| 4.00 | &nbsp;&nbsp; 6-1-2051 | 905000 | &nbsp;&nbsp; 646555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Green Dot Public Schools <br> Obligated Group Series A144A<br>| 5.00 | &nbsp;&nbsp; 8-1-2035 | 2525000 | &nbsp;&nbsp; 2526527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Kipp SoCal Public Schools <br> Obligated Group Series A144A<br>| 5.00 | &nbsp;&nbsp; 7-1-2035 | 1000000 | &nbsp;&nbsp; 1000787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Kipp SoCal Public Schools <br> Obligated Group Series A144A<br>| 5.00 | &nbsp;&nbsp; 7-1-2049 | 1000000 | &nbsp;&nbsp; 986702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Lifeline Education Charter <br> School, Inc. Series A144A<br>| 5.00 | &nbsp;&nbsp; 7-1-2045 | 800000 | &nbsp;&nbsp; 759834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Magnolia Public Schools <br> Obligated Group Series A144A<br>| 5.00 | &nbsp;&nbsp; 7-1-2045 | 1700000 | &nbsp;&nbsp; 1680484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Rex & Margaret Fortune School of <br> Education Series A144A<br>| 5.00 | &nbsp;&nbsp; 6-1-2044 | 2000000 | &nbsp;&nbsp; 1867501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Rocketship Education Obligated <br> Group Series A144A<br>| 5.00 | &nbsp;&nbsp; 6-1-2036 | 945000 | &nbsp;&nbsp; 945043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Rocketship Education Obligated <br> Group Series A144A<br>| 5.00 | &nbsp;&nbsp; 6-1-2046 | 2100000 | &nbsp;&nbsp; 1936364 |
| &nbsp;&nbsp;&nbsp; California State University Series A | 5.00 | &nbsp;&nbsp; 11-1-2047 | 1000000 | &nbsp;&nbsp; 1008264 |
| &nbsp;&nbsp;&nbsp; California Statewide CDA Baptist University Series A144A | 5.00 | &nbsp;&nbsp; 11-1-2032 | 1135000 | &nbsp;&nbsp; 1156634 |
| &nbsp;&nbsp;&nbsp; California Statewide CDA Baptist University Series A144A | 5.00 | &nbsp;&nbsp; 11-1-2041 | 2875000 | &nbsp;&nbsp; 2825160 |
| &nbsp;&nbsp;&nbsp; Fullerton PFA Marshall B Ketchum University Series A | 4.00 | &nbsp;&nbsp; 2-1-2051 | 2500000 | &nbsp;&nbsp; 2276294 |
| &nbsp;&nbsp;&nbsp; University of California Ltd. Project Series K | 4.00 | &nbsp;&nbsp; 5-15-2046 | 5295000 | &nbsp;&nbsp; 5032451 |
|  |  |  |  | &nbsp;&nbsp; **54349638** |
| **GO revenue: 10.66%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bassett Unified School District Series B (BAM Insured) | 5.00 | &nbsp;&nbsp; 8-1-2027 | 1050000 | &nbsp;&nbsp; 1052356 |
| &nbsp;&nbsp;&nbsp; Cerritos Community College District Series D CAB¤ | 0.00 | &nbsp;&nbsp; 8-1-2033 | 1500000 | &nbsp;&nbsp; 1194868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; College of the Sequoias Visalia Area Improvement District No. 2 <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-1-2054 | 4000000 | &nbsp;&nbsp; 4130841 |
| &nbsp;&nbsp;&nbsp; Compton Community College District Series C CAB¤ | 0.00 | &nbsp;&nbsp; 8-1-2035 | 3445000 | &nbsp;&nbsp; 2496210 |
| &nbsp;&nbsp;&nbsp; Delano Joint Union High School District Series B (AG Insured) | 5.75 | &nbsp;&nbsp; 8-1-2035 | 4510000 | &nbsp;&nbsp; 4521203 |
| &nbsp;&nbsp;&nbsp; Long Beach Unified School District Series A | 5.50 | &nbsp;&nbsp; 8-1-2026 | 95000 | &nbsp;&nbsp; 95232 |
| &nbsp;&nbsp;&nbsp; Merced Union High School District Series C CAB¤ | 0.00 | &nbsp;&nbsp; 8-1-2032 | 3380000 | &nbsp;&nbsp; 2770845 |
| &nbsp;&nbsp;&nbsp; Paramount Unified School District CAB¤ | 0.00 | &nbsp;&nbsp; 8-1-2033 | 2500000 | &nbsp;&nbsp; 1973087 |
| &nbsp;&nbsp;&nbsp; Pomona Unified School District Series A (NPFGC Insured) | 6.55 | &nbsp;&nbsp; 8-1-2029 | 880000 | &nbsp;&nbsp; 954395 |
| &nbsp;&nbsp;&nbsp; San Diego Unified School District Series I | 4.00 | &nbsp;&nbsp; 7-1-2047 | 2025000 | &nbsp;&nbsp; 1897767 |
| &nbsp;&nbsp;&nbsp; San Gorgonio Memorial Health Care District | 5.00 | &nbsp;&nbsp; 8-1-2032 | 1750000 | &nbsp;&nbsp; 1733155 |
| &nbsp;&nbsp;&nbsp; San Gorgonio Memorial Health Care District | 5.50 | &nbsp;&nbsp; 8-1-2028 | 2525000 | &nbsp;&nbsp; 2525738 |

---

See accompanying notes to portfolio of investments

2 \| Allspring California Tax-Free Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **GO revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; San Rafael City High School District Series C | 4.00<br> %<br>| &nbsp;&nbsp; 8-1-2043 | $1500000 | &nbsp;&nbsp; $1444552 |
| &nbsp;&nbsp;&nbsp; Santa Ana Unified School District Series B CAB (AG Insured)¤ | 0.00 | &nbsp;&nbsp; 8-1-2038 | 15000000 | &nbsp;&nbsp; 9166470 |
| &nbsp;&nbsp;&nbsp; Sierra Joint Community College District Series C | 4.00 | &nbsp;&nbsp; 8-1-2053 | 4000000 | &nbsp;&nbsp; 3729592 |
| &nbsp;&nbsp;&nbsp; Sierra Kings Health Care District | 5.00 | &nbsp;&nbsp; 8-1-2028 | 1000000 | &nbsp;&nbsp; 1001113 |
| &nbsp;&nbsp;&nbsp; Sierra Kings Health Care District | 5.00 | &nbsp;&nbsp; 8-1-2032 | 1500000 | &nbsp;&nbsp; 1501340 |
| &nbsp;&nbsp;&nbsp; Sierra Kings Health Care District | 5.00 | &nbsp;&nbsp; 8-1-2037 | 1750000 | &nbsp;&nbsp; 1750600 |
| &nbsp;&nbsp;&nbsp; State of California | 5.00 | &nbsp;&nbsp; 3-1-2045 | 1000000 | &nbsp;&nbsp; 1075740 |
| &nbsp;&nbsp;&nbsp; State of California | 5.00 | &nbsp;&nbsp; 8-1-2046 | 10000000 | &nbsp;&nbsp; 10085316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2025-XF8079 <br> (Bank of America N.A. LIQ)144Aø<br>| 3.30 | &nbsp;&nbsp; 8-1-2052 | 1000000 | &nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp; Tulare Local Health Care District (BAM Insured) | 4.00 | &nbsp;&nbsp; 8-1-2039 | 1850000 | &nbsp;&nbsp; 1862428 |
| &nbsp;&nbsp;&nbsp; Washington Township Health Care District Series B | 5.50 | &nbsp;&nbsp; 8-1-2038 | 1500000 | &nbsp;&nbsp; 1504094 |
|  |  |  |  | &nbsp;&nbsp; **59466942** |
| **Health revenue: 20.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California HFFA Adventist Health System/West Obligated Group <br> Series A<br>| 5.25 | &nbsp;&nbsp; 12-1-2044 | 1750000 | &nbsp;&nbsp; 1803907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California HFFA Cedars-Sinai Medical Center Obligated Group <br> Series B<br>| 4.00 | &nbsp;&nbsp; 8-15-2039 | 10500000 | &nbsp;&nbsp; 10351219 |
| &nbsp;&nbsp;&nbsp; California HFFA CommonSpirit Health Obligated Group Series A | 5.00 | &nbsp;&nbsp; 12-1-2054 | 5000000 | &nbsp;&nbsp; 5137380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California HFFA Episcopal Communities & Services for Seniors <br> Obligated Group Series B<br>| 5.25 | &nbsp;&nbsp; 11-15-2053 | 1250000 | &nbsp;&nbsp; 1264901 |
| &nbsp;&nbsp;&nbsp; California HFFA Kaiser Foundation Hospitals Series A-2 | 4.00 | &nbsp;&nbsp; 11-1-2051 | 3000000 | &nbsp;&nbsp; 2684839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California HFFA Lundquist Institute for Biomedical Innovation at <br> Harbor-UCLA Medical Center<br>| 5.00 | &nbsp;&nbsp; 9-1-2048 | 6095000 | &nbsp;&nbsp; 5859759 |
| &nbsp;&nbsp;&nbsp; California HFFA Marshall Medical Center Series A | 4.00 | &nbsp;&nbsp; 11-1-2040 | 1375000 | &nbsp;&nbsp; 1378331 |
| &nbsp;&nbsp;&nbsp; California HFFA On Lok Senior Health Services Obligated Group | 5.00 | &nbsp;&nbsp; 8-1-2040 | 700000 | &nbsp;&nbsp; 716666 |
| &nbsp;&nbsp;&nbsp; California HFFA On Lok Senior Health Services Obligated Group | 5.00 | &nbsp;&nbsp; 8-1-2050 | 1000000 | &nbsp;&nbsp; 982528 |
| &nbsp;&nbsp;&nbsp; California HFFA Sutter Health Obligated Group Series A | 4.00 | &nbsp;&nbsp; 11-15-2048 | 5000000 | &nbsp;&nbsp; 4481411 |
| &nbsp;&nbsp;&nbsp; California HFFA Sutter Health Obligated Group Series B | 5.00 | &nbsp;&nbsp; 11-15-2046 | 2960000 | &nbsp;&nbsp; 2975211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank Roseville <br> Sustainable Energy Partner LLC Series A<br>| 5.25 | &nbsp;&nbsp; 7-1-2054 | 8945000 | &nbsp;&nbsp; 9035319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Community Hospitals of <br> Central California Obligated Group Series A<br>| 4.00 | &nbsp;&nbsp; 2-1-2051 | 1500000 | &nbsp;&nbsp; 1273432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Eisenhower Medical Center <br> Series A<br>| 5.00 | &nbsp;&nbsp; 7-1-2047 | 1400000 | &nbsp;&nbsp; 1391406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Eskaton Properties, Inc. <br> Obligated Group<br>| 5.00 | &nbsp;&nbsp; 11-15-2044 | 1500000 | &nbsp;&nbsp; 1508617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority HumanGood California <br> Obligated Group<br>| 4.00 | &nbsp;&nbsp; 10-1-2049 | 2250000 | &nbsp;&nbsp; 1889318 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority Inland Christian Home, Inc. | 4.00 | &nbsp;&nbsp; 12-1-2039 | 1240000 | &nbsp;&nbsp; 1254359 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority Inland Christian Home, Inc. | 4.00 | &nbsp;&nbsp; 12-1-2049 | 2915000 | &nbsp;&nbsp; 2772384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Open Door Community Health <br> Centers<br>| 4.00 | &nbsp;&nbsp; 9-15-2046 | 3300000 | &nbsp;&nbsp; 3145857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Palomar Health Obligated <br> Group Series A COP (AG Insured)<br>| 5.25 | &nbsp;&nbsp; 11-1-2052 | 1500000 | &nbsp;&nbsp; 1532566 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority PRS Obligated Group Series A | 5.00 | &nbsp;&nbsp; 4-1-2044 | 1415000 | &nbsp;&nbsp; 1428544 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority PRS Obligated Group Series A | 5.00 | &nbsp;&nbsp; 4-1-2049 | 1300000 | &nbsp;&nbsp; 1283750 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority PRS Obligated Group Series A | 5.00 | &nbsp;&nbsp; 4-1-2054 | 1540000 | &nbsp;&nbsp; 1500444 |

---

See accompanying notes to portfolio of investments

Allspring California Tax-Free Fund \| 3

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Health revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Town & Country Manor of the <br> Christian & Missionary Alliance<br>| 5.00<br> %<br>| &nbsp;&nbsp; 7-1-2049 | $2650000 | &nbsp;&nbsp; $2714491 |
| &nbsp;&nbsp;&nbsp; California PFA Henry Mayo Newhall Hospital Obligated Group | 5.00 | &nbsp;&nbsp; 10-15-2037 | 500000 | &nbsp;&nbsp; 503703 |
| &nbsp;&nbsp;&nbsp; California PFA Henry Mayo Newhall Hospital Obligated Group | 5.00 | &nbsp;&nbsp; 10-15-2047 | 5365000 | &nbsp;&nbsp; 5220832 |
| &nbsp;&nbsp;&nbsp; California PFA Kendal at Sonoma Obligated Group Series A144A | 5.00 | &nbsp;&nbsp; 11-15-2051 | 1255000 | &nbsp;&nbsp; 1099758 |
| &nbsp;&nbsp;&nbsp; California PFA Kendal at Sonoma Obligated Group Series A144A | 5.00 | &nbsp;&nbsp; 11-15-2056 | 1235000 | &nbsp;&nbsp; 1063541 |
| &nbsp;&nbsp;&nbsp; California Statewide CDA 899 Charleston | 5.00 | &nbsp;&nbsp; 11-1-2049 | 2500000 | &nbsp;&nbsp; 2587124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Adventist Health System/West Obligated <br> Group Series A<br>| 5.00 | &nbsp;&nbsp; 3-1-2045 | 2500000 | &nbsp;&nbsp; 2499944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Adventist Health System/West Obligated <br> Group Series A<br>| 5.00 | &nbsp;&nbsp; 3-1-2048 | 5000000 | &nbsp;&nbsp; 5013097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Enloe Medical Center Obligated Group <br> Series A (AG Insured)<br>| 5.25 | &nbsp;&nbsp; 8-15-2052 | 2000000 | &nbsp;&nbsp; 2058761 |
| &nbsp;&nbsp;&nbsp; California Statewide CDA John Muir Health Obligated Group Series A | 5.25 | &nbsp;&nbsp; 12-1-2054 | 2000000 | &nbsp;&nbsp; 2105243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Loma Linda University Medical Center <br> Obligated Group Series A<br>| 5.25 | &nbsp;&nbsp; 12-1-2044 | 5150000 | &nbsp;&nbsp; 5149803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Marin General Hospital Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-1-2036 | 700000 | &nbsp;&nbsp; 716698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Marin General Hospital Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-1-2037 | 500000 | &nbsp;&nbsp; 510108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Marin General Hospital Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-1-2038 | 450000 | &nbsp;&nbsp; 457311 |
| &nbsp;&nbsp;&nbsp; California Statewide CDA Odd Fellows Home Series A | 4.00 | &nbsp;&nbsp; 4-1-2043 | 1900000 | &nbsp;&nbsp; 1860666 |
| &nbsp;&nbsp;&nbsp; California Statewide CDA Odd Fellows Home Series A | 4.13 | &nbsp;&nbsp; 4-1-2053 | 1000000 | &nbsp;&nbsp; 954428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regents of the University of California Medical Center Pooled <br> Revenue Series B1ø<br>| 3.00 | &nbsp;&nbsp; 5-15-2032 | 2800000 | &nbsp;&nbsp; 2800000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regents of the University of California Medical Center Pooled <br> Revenue Series O2ø<br>| 3.10 | &nbsp;&nbsp; 5-15-2045 | 5000000 | &nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regents of the University of California Medical Center Pooled <br> Revenue Series P<br>| 4.00 | &nbsp;&nbsp; 5-15-2053 | 4000000 | &nbsp;&nbsp; 3658822 |
| &nbsp;&nbsp;&nbsp; Washington Township Health Care District Series A | 5.00 | &nbsp;&nbsp; 7-1-2042 | 1000000 | &nbsp;&nbsp; 991439 |
|  |  |  |  | &nbsp;&nbsp; **112617917** |
| **Housing revenue: 12.56%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; California Enterprise Development Authority Riverside County | 4.00 | &nbsp;&nbsp; 11-1-2049 | 1900000 | &nbsp;&nbsp; 1758431 |
| &nbsp;&nbsp;&nbsp; California Housing Finance Agency Class A Series 2 | 4.00 | &nbsp;&nbsp; 3-20-2033 | 7404266 | &nbsp;&nbsp; 7554498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Housing Finance Agency Class A Series 2021-2 (FHLMC <br> Insured)<br>| 3.75 | &nbsp;&nbsp; 3-25-2035 | 132188 | &nbsp;&nbsp; 133053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank South <br> Monterey County Joint Union High School District<br>| 5.75 | &nbsp;&nbsp; 8-15-2029 | 1765000 | &nbsp;&nbsp; 1767311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Caritas Corp. CMFA Mobile <br> Home Park Financing 2024 Portfolio Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2049 | 1225000 | &nbsp;&nbsp; 1247196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Caritas Corp. CMFA Mobile <br> Home Park Financing 2024 Portfolio Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2054 | 1800000 | &nbsp;&nbsp; 1821750 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority Caritas Projects Series A | 5.00 | &nbsp;&nbsp; 8-15-2029 | 500000 | &nbsp;&nbsp; 520544 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority Caritas Projects Series B | 4.00 | &nbsp;&nbsp; 8-15-2051 | 1340000 | &nbsp;&nbsp; 1121396 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority CHF - Davis I LLC | 5.00 | &nbsp;&nbsp; 5-15-2051 | 6700000 | &nbsp;&nbsp; 6640390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority CHF - Davis II LLC (BAM <br> Insured)<br>| 4.00 | &nbsp;&nbsp; 5-15-2037 | 700000 | &nbsp;&nbsp; 709174 |

---

See accompanying notes to portfolio of investments

4 \| Allspring California Tax-Free Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority CHF - Davis II LLC (BAM <br> Insured)<br>| 4.00<br> %<br>| &nbsp;&nbsp; 5-15-2038 | $750000 | &nbsp;&nbsp; $755408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority CHF - Davis II LLC (BAM <br> Insured)<br>| 4.00 | &nbsp;&nbsp; 5-15-2040 | 1100000 | &nbsp;&nbsp; 1087146 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority CHF - Riverside II LLC | 5.00 | &nbsp;&nbsp; 5-15-2052 | 5650000 | &nbsp;&nbsp; 5556956 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority Southwestern Law School | 4.00 | &nbsp;&nbsp; 11-1-2041 | 575000 | &nbsp;&nbsp; 517871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California PFA P3 Irvine SL Holdings LLC Obligated Group <br> Series A144A<br>| 6.20 | &nbsp;&nbsp; 6-1-2044 | 2000000 | &nbsp;&nbsp; 1921489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Community Improvement Authority 1818 <br> Platinum Triangle-Anaheim Series B144A<br>| 4.00 | &nbsp;&nbsp; 4-1-2057 | 1000000 | &nbsp;&nbsp; 721384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Community Improvement Authority Altana <br> Apartments Series A-2144A<br>| 4.00 | &nbsp;&nbsp; 10-1-2056 | 2000000 | &nbsp;&nbsp; 1516619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Community Improvement Authority Theo <br> Apartments Series B144A<br>| 4.00 | &nbsp;&nbsp; 5-1-2057 | 1500000 | &nbsp;&nbsp; 1038292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Community Improvement Authority Towne <br> at Glendale Apartments144A<br>| 5.00 | &nbsp;&nbsp; 9-1-2037 | 775000 | &nbsp;&nbsp; 780022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Uptown Newport Building Owner LP <br> Series BB (East West Bank LOC)ø<br>| 2.59 | &nbsp;&nbsp; 3-1-2057 | 14000000 | &nbsp;&nbsp; 14000000 |
| &nbsp;&nbsp;&nbsp; CMFA Special Finance Agency XII Allure Apartments Series A-2144A | 4.38 | &nbsp;&nbsp; 8-1-2049 | 2000000 | &nbsp;&nbsp; 1680913 |
| &nbsp;&nbsp;&nbsp; CMFA Special Finance Agency Latitude33 Series A-2144A | 4.00 | &nbsp;&nbsp; 12-1-2045 | 1500000 | &nbsp;&nbsp; 1167400 |
| &nbsp;&nbsp;&nbsp; Compton PFA144A | 4.00 | &nbsp;&nbsp; 9-1-2027 | 2395000 | &nbsp;&nbsp; 2395292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fresno Joint Powers Financing Authority Master Lease Projects <br> Series A (AG Insured)<br>| 4.00 | &nbsp;&nbsp; 4-1-2046 | 1225000 | &nbsp;&nbsp; 1162977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent Cities Finance Authority Millennium Housing of <br> California<br>| 5.00 | &nbsp;&nbsp; 5-15-2048 | 2000000 | &nbsp;&nbsp; 2014878 |
| &nbsp;&nbsp;&nbsp; Independent Cities Finance Authority San Juan Mobile Estates | 5.00 | &nbsp;&nbsp; 8-15-2030 | 855000 | &nbsp;&nbsp; 856245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent Cities Finance Authority Santa Rosa Leisure Mobile <br> Home Park<br>| 5.00 | &nbsp;&nbsp; 8-15-2046 | 1570000 | &nbsp;&nbsp; 1576760 |
| &nbsp;&nbsp;&nbsp; Modesto Irrigation District Electric System Revenue Series A | 5.00 | &nbsp;&nbsp; 10-1-2040 | 3500000 | &nbsp;&nbsp; 3502562 |
| &nbsp;&nbsp;&nbsp; Montclair Financing Authority Public Facilities Projects (AG Insured) | 5.00 | &nbsp;&nbsp; 10-1-2035 | 2400000 | &nbsp;&nbsp; 2403387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sacramento City Schools Joint Powers Financing Authority Unified <br> School District Series A (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 3-1-2040 | 2165000 | &nbsp;&nbsp; 2167018 |
|  |  |  |  | &nbsp;&nbsp; **70096362** |
| **Miscellaneous revenue: 6.59%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Porterville Water Revenue System Financing Project COP (AG <br> Insured)<br>| 4.00 | &nbsp;&nbsp; 8-15-2050 | 1000000 | &nbsp;&nbsp; 945227 |
| &nbsp;&nbsp;&nbsp; City of Upland San Antonio Regional Hospital Obligated Group COP | 5.00 | &nbsp;&nbsp; 1-1-2047 | 1955000 | &nbsp;&nbsp; 1962234 |
| &nbsp;&nbsp;&nbsp; Hayward Unified School District COP | 5.25 | &nbsp;&nbsp; 8-1-2052 | 8000000 | &nbsp;&nbsp; 8070708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent Cities Finance Authority City of Compton Sales Tax <br> Revenue (AG Insured)144A<br>| 4.00 | &nbsp;&nbsp; 6-1-2041 | 1700000 | &nbsp;&nbsp; 1695936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent Cities Finance Authority City of Compton Sales Tax <br> Revenue (AG Insured)144A<br>| 4.00 | &nbsp;&nbsp; 6-1-2051 | 750000 | &nbsp;&nbsp; 709387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson Union High School District Teacher & Staff Housing Project <br> COP (BAM Insured)<br>| 4.00 | &nbsp;&nbsp; 8-1-2045 | 1400000 | &nbsp;&nbsp; 1341355 |
| &nbsp;&nbsp;&nbsp; Lassen Municipal Utility District COP | 4.00 | &nbsp;&nbsp; 5-1-2038 | 2615000 | &nbsp;&nbsp; 2475933 |
| &nbsp;&nbsp;&nbsp; Lassen Municipal Utility District COP | 4.00 | &nbsp;&nbsp; 5-1-2041 | 2250000 | &nbsp;&nbsp; 2056292 |
| &nbsp;&nbsp;&nbsp; Lassen Municipal Utility District COP | 4.00 | &nbsp;&nbsp; 5-1-2046 | 4395000 | &nbsp;&nbsp; 3861325 |
| &nbsp;&nbsp;&nbsp; Lassen Municipal Utility District COP | 4.00 | &nbsp;&nbsp; 5-1-2051 | 2340000 | &nbsp;&nbsp; 1979253 |

---

See accompanying notes to portfolio of investments

Allspring California Tax-Free Fund \| 5

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Miscellaneous revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Floater/Residual Trust Series 2025-MIZ9221 (Mizuho Capital <br> Markets LLC LOC, Mizuho Capital Markets LLC LIQ)144Aøø<br>| 3.10<br> %<br>| &nbsp;&nbsp; 12-29-2027 | $3000000 | &nbsp;&nbsp; $3000000 |
| &nbsp;&nbsp;&nbsp; North Coast County Water District COP (AG Insured) | 4.00 | &nbsp;&nbsp; 10-1-2051 | 1745000 | &nbsp;&nbsp; 1612033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orange County Water District Series A Certificate of Participation <br> (Bank of America N.A. LOC)ø<br>| 2.78 | &nbsp;&nbsp; 8-1-2042 | 3500000 | &nbsp;&nbsp; 3500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sutter Butte Flood Control Agency Assessment District (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 10-1-2040 | 3545000 | &nbsp;&nbsp; 3549064 |
|  |  |  |  | &nbsp;&nbsp; **36758747** |
| **Resource recovery revenue: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Waste Management, Inc. <br> Series B AMTøø<br>| 3.38 | &nbsp;&nbsp; 9-1-2050 | 2000000 | &nbsp;&nbsp; **1987625** |
| **Tax revenue: 10.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; California Statewide CDA Community Facilities District No. 2017 | 5.00 | &nbsp;&nbsp; 9-1-2048 | 5000000 | &nbsp;&nbsp; 5029485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chino Community Facilities District No. 2003-3 Improvement Area <br> No. 7<br>| 5.00 | &nbsp;&nbsp; 9-1-2048 | 2500000 | &nbsp;&nbsp; 2519478 |
| &nbsp;&nbsp;&nbsp; Chula Vista Community Facilities District No. 06-1 Area No. 1 | 5.00 | &nbsp;&nbsp; 9-1-2043 | 445000 | &nbsp;&nbsp; 448332 |
| &nbsp;&nbsp;&nbsp; Chula Vista Community Facilities District No. 06-1 Area No. 1 | 5.00 | &nbsp;&nbsp; 9-1-2048 | 895000 | &nbsp;&nbsp; 900278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City & County of San Francisco Community Facilities District No. <br> 2014-1 Series A<br>| 5.00 | &nbsp;&nbsp; 9-1-2052 | 1000000 | &nbsp;&nbsp; 1030531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City & County of San Francisco Community Facilities District No. <br> 2016-1 Area No. 1 Series 2021<br>| 4.00 | &nbsp;&nbsp; 9-1-2041 | 1000000 | &nbsp;&nbsp; 905738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City & County of San Francisco Community Facilities District No. <br> 2016-1 Area No. 2 Series A144A<br>| 4.00 | &nbsp;&nbsp; 9-1-2052 | 1750000 | &nbsp;&nbsp; 1477190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Belmont Community Facilities District No. 2000-1 Series A <br> (Ambac Insured)<br>| 5.75 | &nbsp;&nbsp; 8-1-2030 | 2730000 | &nbsp;&nbsp; 2990641 |
| &nbsp;&nbsp;&nbsp; City of Fremont Community Facilities District No. 1 | 5.00 | &nbsp;&nbsp; 9-1-2040 | 2700000 | &nbsp;&nbsp; 2703596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corona Community Facilities District No. 2018-1 Improvement Area <br> No. 1 Series A<br>| 5.00 | &nbsp;&nbsp; 9-1-2048 | 1000000 | &nbsp;&nbsp; 1006135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corona-Norco Unified School District Community Facilities District <br> No. 16-1<br>| 5.00 | &nbsp;&nbsp; 9-1-2048 | 1500000 | &nbsp;&nbsp; 1507225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of San Bernardino Community Facilities District No. 2006-1 <br> Area No. 6<br>| 5.00 | &nbsp;&nbsp; 9-1-2048 | 1200000 | &nbsp;&nbsp; 1205780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inglewood Redevelopment Successor Agency Merged <br> Redevelopment Project Series A (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 5-1-2038 | 305000 | &nbsp;&nbsp; 312103 |
| &nbsp;&nbsp;&nbsp; Inland Valley Development Agency Series A | 5.25 | &nbsp;&nbsp; 9-1-2037 | 4000000 | &nbsp;&nbsp; 4031661 |
| &nbsp;&nbsp;&nbsp; Lafayette Redevelopment Successor Agency Project (AG Insured) | 5.00 | &nbsp;&nbsp; 8-1-2033 | 1500000 | &nbsp;&nbsp; 1503345 |
| &nbsp;&nbsp;&nbsp; Lafayette Redevelopment Successor Agency Project (AG Insured) | 5.00 | &nbsp;&nbsp; 8-1-2038 | 1635000 | &nbsp;&nbsp; 1637199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lancaster Redevelopment Successor Agency Combined <br> Redevelopment Project Areas (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 8-1-2033 | 1200000 | &nbsp;&nbsp; 1222039 |
| &nbsp;&nbsp;&nbsp; Marina Redevelopment Successor Agency Series A | 5.00 | &nbsp;&nbsp; 9-1-2033 | 340000 | &nbsp;&nbsp; 350011 |
| &nbsp;&nbsp;&nbsp; Marina Redevelopment Successor Agency Series A | 5.00 | &nbsp;&nbsp; 9-1-2038 | 400000 | &nbsp;&nbsp; 404473 |
| &nbsp;&nbsp;&nbsp; Marina Redevelopment Successor Agency Series B | 5.00 | &nbsp;&nbsp; 9-1-2033 | 250000 | &nbsp;&nbsp; 255976 |
| &nbsp;&nbsp;&nbsp; Marina Redevelopment Successor Agency Series B | 5.00 | &nbsp;&nbsp; 9-1-2038 | 250000 | &nbsp;&nbsp; 253819 |
| &nbsp;&nbsp;&nbsp; Oakland Redevelopment Successor Agency Series TE (AG Insured) | 5.00 | &nbsp;&nbsp; 9-1-2035 | 2545000 | &nbsp;&nbsp; 2548582 |
| &nbsp;&nbsp;&nbsp; Oakland Redevelopment Successor Agency Series TE (AG Insured) | 5.00 | &nbsp;&nbsp; 9-1-2036 | 4000000 | &nbsp;&nbsp; 4004992 |
| &nbsp;&nbsp;&nbsp; Orange County Community Facilities District No. 2015-1 Series A | 5.25 | &nbsp;&nbsp; 8-15-2045 | 1950000 | &nbsp;&nbsp; 1950268 |

---

See accompanying notes to portfolio of investments

6 \| Allspring California Tax-Free Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Tax revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; River Islands PFA Community Facilities District No. 2016-1 (AG <br> Insured)<br>| 5.25<br> %<br>| &nbsp;&nbsp; 9-1-2052 | $2000000 | &nbsp;&nbsp; $2078931 |
| &nbsp;&nbsp;&nbsp; River Islands PFA Community Facilities District No. 2023-1 Area No. 2 | 5.00 | &nbsp;&nbsp; 9-1-2054 | 2500000 | &nbsp;&nbsp; 2481652 |
| &nbsp;&nbsp;&nbsp; Riverside County Community Facilities Districts No. 05-8 | 5.00 | &nbsp;&nbsp; 9-1-2048 | 1600000 | &nbsp;&nbsp; 1614201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Romoland School District Community Facilities District No. 2004-1 <br> Area No. 4<br>| 5.00 | &nbsp;&nbsp; 9-1-2048 | 3000000 | &nbsp;&nbsp; 3027441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Francisco City & County Redevelopment Successor Agency <br> Mission Bay South Redevelopment Area Tax Increment Financing <br> District Series A<br>| 5.00 | &nbsp;&nbsp; 8-1-2043 | 2500000 | &nbsp;&nbsp; 2500872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Francisco City & County Redevelopment Successor Agency <br> Transbay Infrastructure Project Series B (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 8-1-2046 | 1500000 | &nbsp;&nbsp; 1514254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sonoma Community Development Successor Agency <br> Redevelopment Project (NPFGC Insured)<br>| 5.00 | &nbsp;&nbsp; 6-1-2033 | 1325000 | &nbsp;&nbsp; 1346739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tejon Ranch Public Facilities Finance Authority Community Facilities <br> District No. 2008-1 Series 2024-A<br>| 5.00 | &nbsp;&nbsp; 9-1-2054 | 1000000 | &nbsp;&nbsp; 997189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2023-XG0484 <br> (BAM Insured) (Royal Bank of Canada LIQ)144Aø<br>| 2.95 | &nbsp;&nbsp; 9-1-2049 | 100000 | &nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tracy Community Facilities District No. 2016-01 Improvement Area <br> No. 1<br>| 5.00 | &nbsp;&nbsp; 9-1-2048 | 2750000 | &nbsp;&nbsp; 2762503 |
| &nbsp;&nbsp;&nbsp; Union City Community Redevelopment Successor Agency Series A | 5.00 | &nbsp;&nbsp; 10-1-2036 | 1000000 | &nbsp;&nbsp; 1001279 |
|  |  |  |  | &nbsp;&nbsp; **59623938** |
| **Tobacco revenue: 0.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California County Tobacco Securitization Agency Los Angeles County <br> Securitization Corp. Series B-2 CAB¤<br>| 0.00 | &nbsp;&nbsp; 6-1-2055 | 14000000 | &nbsp;&nbsp; 2604616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California County Tobacco Securitization Agency Merced County <br> Tobacco Funding Corp. Series B<br>| 5.00 | &nbsp;&nbsp; 6-1-2050 | 1025000 | &nbsp;&nbsp; 952837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tobacco Securitization Authority of Northern California Sacramento <br> County Corp. Class 2 Series B2 CAB¤<br>| 0.00 | &nbsp;&nbsp; 6-1-2060 | 3250000 | &nbsp;&nbsp; 498648 |
|  |  |  |  | &nbsp;&nbsp; **4056101** |
| **Transportation revenue: 1.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bay Area Toll Authority Series B (Barclays Bank plc LOC)ø | 3.00 | &nbsp;&nbsp; 4-1-2055 | 3900000 | &nbsp;&nbsp; 3900000 |
| &nbsp;&nbsp;&nbsp; Riverside County Transportation Commission Series B-1 | 4.00 | &nbsp;&nbsp; 6-1-2046 | 2000000 | &nbsp;&nbsp; 1792382 |
|  |  |  |  | &nbsp;&nbsp; **5692382** |
| **Utilities revenue: 12.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Clean Energy <br> Project Series A-1øø<br>| 5.00 | &nbsp;&nbsp; 5-1-2054 | 5000000 | &nbsp;&nbsp; 5404508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Clean Energy <br> Project Series Cøø<br>| 5.00 | &nbsp;&nbsp; 12-1-2055 | 5000000 | &nbsp;&nbsp; 5366601 |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series B-1øø | 4.00 | &nbsp;&nbsp; 2-1-2052 | 1345000 | &nbsp;&nbsp; 1378576 |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series Cøø | 5.25 | &nbsp;&nbsp; 1-1-2054 | 2500000 | &nbsp;&nbsp; 2667281 |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series Døø | 5.00 | &nbsp;&nbsp; 10-1-2055 | 5000000 | &nbsp;&nbsp; 5377448 |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series Eøø | 5.00 | &nbsp;&nbsp; 2-1-2055 | 4000000 | &nbsp;&nbsp; 4366462 |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series Føø | 5.00 | &nbsp;&nbsp; 2-1-2055 | 2000000 | &nbsp;&nbsp; 2178094 |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series Gøø | 5.00 | &nbsp;&nbsp; 11-1-2055 | 2000000 | &nbsp;&nbsp; 2117474 |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series Gøø | 5.25 | &nbsp;&nbsp; 11-1-2054 | 5000000 | &nbsp;&nbsp; 5421881 |
| &nbsp;&nbsp;&nbsp; City of Glendale Electric Revenue | 5.00 | &nbsp;&nbsp; 2-1-2054 | 5000000 | &nbsp;&nbsp; 5196443 |

---

See accompanying notes to portfolio of investments

Allspring California Tax-Free Fund \| 7

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Imperial Irrigation District Electric System Revenue Series A | 5.00<br> %<br>| &nbsp;&nbsp; 11-1-2040 | $3715000 | &nbsp;&nbsp; $3718426 |
| &nbsp;&nbsp;&nbsp; Imperial Irrigation District Electric System Revenue Series A | 5.00 | &nbsp;&nbsp; 11-1-2045 | 1060000 | &nbsp;&nbsp; 1060555 |
| &nbsp;&nbsp;&nbsp; Imperial Irrigation District Electric System Revenue Series C | 5.00 | &nbsp;&nbsp; 11-1-2038 | 2500000 | &nbsp;&nbsp; 2514952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Los Angeles Department of Water & Power System Revenue Series A <br> (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2042 | 750000 | &nbsp;&nbsp; 804604 |
| &nbsp;&nbsp;&nbsp; Los Angeles Department of Water & Power System Revenue Series C | 5.00 | &nbsp;&nbsp; 7-1-2054 | 8000000 | &nbsp;&nbsp; 8176793 |
| &nbsp;&nbsp;&nbsp; M-S-R Energy Authority Series B | 7.00 | &nbsp;&nbsp; 11-1-2034 | 4000000 | &nbsp;&nbsp; 4853239 |
| &nbsp;&nbsp;&nbsp; M-S-R Energy Authority Series C | 6.13 | &nbsp;&nbsp; 11-1-2029 | 785000 | &nbsp;&nbsp; 830449 |
| &nbsp;&nbsp;&nbsp; Northern California Energy Authorityøø | 5.00 | &nbsp;&nbsp; 12-1-2054 | 2000000 | &nbsp;&nbsp; 2161345 |
| &nbsp;&nbsp;&nbsp; Redding Joint Powers Financing Authority Series A | 5.00 | &nbsp;&nbsp; 6-1-2032 | 440000 | &nbsp;&nbsp; 441648 |
| &nbsp;&nbsp;&nbsp; San Joaquin Valley Clean Energy Authority Series Aøø | 5.50 | &nbsp;&nbsp; 1-1-2056 | 3000000 | &nbsp;&nbsp; 3442984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2023-ZF3207 <br> (Morgan Stanley Bank LIQ)144Aø<br>| 3.14 | &nbsp;&nbsp; 2-1-2054 | 3000000 | &nbsp;&nbsp; 3000000 |
|  |  |  |  | &nbsp;&nbsp; **70479763** |
| **Water & sewer revenue: 3.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adelanto Public Utility Authority Utility System Project Series A (AG <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2039 | 2000000 | &nbsp;&nbsp; 2048274 |
| &nbsp;&nbsp;&nbsp; California PCFA Channelside Water Resources LP AMT144A | 5.00 | &nbsp;&nbsp; 11-21-2045 | 2615000 | &nbsp;&nbsp; 2666268 |
| &nbsp;&nbsp;&nbsp; City of Compton Sewer Revenue | 6.00 | &nbsp;&nbsp; 9-1-2039 | 1775000 | &nbsp;&nbsp; 1816610 |
| &nbsp;&nbsp;&nbsp; City of Tulare Sewer Revenue (AG Insured) | 5.00 | &nbsp;&nbsp; 11-15-2041 | 1500000 | &nbsp;&nbsp; 1502118 |
| &nbsp;&nbsp;&nbsp; Florin Resource Conservation District Series A (NPFGC Insured) | 5.00 | &nbsp;&nbsp; 9-1-2032 | 2000000 | &nbsp;&nbsp; 2003447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Los Angeles Department of Water & Power Water System Revenue <br> Series A<br>| 5.00 | &nbsp;&nbsp; 1-1-2030 | 2000000 | &nbsp;&nbsp; 2174223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Los Angeles Department of Water & Power Water System Revenue <br> Series B<br>| 5.00 | &nbsp;&nbsp; 7-1-2035 | 1000000 | &nbsp;&nbsp; 1149812 |
| &nbsp;&nbsp;&nbsp; Merced Irrigation District Series A (AG Insured) | 5.00 | &nbsp;&nbsp; 10-1-2038 | 4000000 | &nbsp;&nbsp; 4017688 |
|  |  |  |  | &nbsp;&nbsp; **17378440** |
|  |  |  |  | &nbsp;&nbsp; **543287836** |
| **Guam: 0.40%** |  |  |  |  |
| **Miscellaneous revenue: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Territory of Guam Series F | 4.00 | &nbsp;&nbsp; 1-1-2036 | 1000000 | &nbsp;&nbsp; **1003536** |
| **Water & sewer revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Guam Government Waterworks Authority Series A | 5.00 | &nbsp;&nbsp; 1-1-2050 | 1250000 | &nbsp;&nbsp; **1250040** |
|  |  |  |  | &nbsp;&nbsp; **2253576** |
| **Total municipal obligations (Cost $562,423,294)** |  |  |  | &nbsp;&nbsp; **548505323** |

---

See accompanying notes to portfolio of investments

8 \| Allspring California Tax-Free Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares | Value |
| **Short-term investments: 0.04%** |  |  |  |  |
| **Investment companies: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞ |  | 4.07<br> %<br>| 226400 | &nbsp;&nbsp; **$226400** |
| **Total short-term investments (Cost $226,400)** |  |  |  | &nbsp;&nbsp; **226400** |
| **Total investments in securities (Cost $562,649,694)** | 98.34<br> %<br>|  |  | &nbsp;&nbsp; 548731723 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | 1.66 |  |  | &nbsp;&nbsp; 9237519 |
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$557969242** |

---

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

---

| | |
|:---|:---|
| øø | The interest rate is determined and reset by the issuer periodically depending upon the terms of the security. The rate shown is the rate in effect at period end. |
| 144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of <br> 1933.<br>|
| ¤ | The security is issued in zero coupon form with no periodic interest payments. |
| ø | Variable rate demand notes are subject to a demand feature which reduces the effective maturity. The maturity date shown represents the final maturity date of <br> the security. The interest rate is determined and reset by the issuer daily, weekly, or monthly depending upon the terms of the security. The rate shown is the rate in <br> effect at period end.<br>|
| ♠ | 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: |
| AG | Assured Guaranty Incorporation |
| Ambac | Ambac Financial Group Incorporated |
| AMT | Alternative minimum tax |
| BAM | Build America Mutual Assurance Company |
| CAB | Capital appreciation bond |
| CDA | Community Development Authority |
| CHF | Collegiate Housing Foundation |
| COP | Certificate of participation |
| FHLMC | Federal Home Loan Mortgage Corporation |
| GO | General obligation |
| HFFA | Health Facilities Financing Authority |
| LIQ | Liquidity agreement |
| LOC | Letter of credit |
| NPFGC | National Public Finance Guarantee Corporation |
| PCFA | Pollution Control Financing Authority |
| PFA | Public Finance Authority |

---

**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>| $1758369 | $24056303 | $(25588272)<br>| $0 | $0 | $226400 | 226400 | $11340 |

---

See accompanying notes to portfolio of investments

Allspring California Tax-Free Fund \| 9

------

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

Notes to portfolio of investments

Securities valuation

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

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

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 September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Municipal obligations** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $548505323 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $548505323 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 226400 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 226400 |
| **Total assets** | &nbsp;&nbsp; **$226400** | &nbsp;&nbsp;&nbsp; **$548505323** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$548731723** |

---

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

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

10 \| Allspring California Tax-Free 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 California Tax-Free Fund

- **b. EDGAR series identifier (if any):** S000007390

- **c. LEI of Series:** 549300KRANZA7RSYRI60

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $556346596.25

**Total Liabilities:** $1808096.94

**Net Assets:** $554538499.31

**Cash Not Reported:** $1260000.15

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1017.57000000 | **1-Year:** -15733.21000000 | **5-Year:** -61577.32000000 | **10-Year:** -144060.73000000 | **30-Year:** -62722.10000000

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

- **3-Month:** -344.43000000 | **1-Year:** -3695.66000000 | **5-Year:** -9459.93000000 | **10-Year:** -22840.89000000 | **30-Year:** -14413.23000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020272 | -0.79%               | 0.78%                | 2.75%                |
| Class ID C000020274 | -0.83%               | 0.71%                | 2.64%                |
| Class ID C000020275 | -0.77%               | 0.80%                |  |
| Class ID C000150655 | -0.77%               | 0.81%                | 2.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2331526.76             | $-3460937.76                               |
| Month 2  | $-1278.18                | $2548702.01                                |
| Month 3  | $-2400142.41             | $15367543.39                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| San Gorgonio Memorial Health Care District                                   | SAN GORGONIO CA MEMORIAL HLTHCARE DIST                       | CUSIP: 79781RER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2525738.06   | 0.46%             | 2028-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SJM7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499944.00   | 0.45%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Ana Unified School District                                            | SANTA ANA CA UNIF SCH DIST                                   | CUSIP: 801155RR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $9166470.00   | 1.65%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DUG2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3041826.20   | 0.55%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Inland Valley Development Agency                                             | INLAND VLY CA DEV AGY SUCCESSOR AGY TAX ALLOCATION           | CUSIP: 45750TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4031660.80   | 0.73%             | 2037-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VJY5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2714491.20   | 0.49%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2178094.40   | 0.39%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                       | M-S-R CA ENERGY AUTH GAS REVENUE                             | CUSIP: 55374SAE0<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4853238.80   | 0.88%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Modesto Irrigation District                                                  | MODESTO CA IRR DIST FING AUTH ELEC SYS REVENUE               | CUSIP: 607767AX8<br>LEI: S6U6XLZ7IOWYIG8C8H50 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3502562.35   | 0.63%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UL22<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1264901.00   | 0.23%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Imperial Irrigation District Electric System Revenue                         | IMPERIAL CA IRR DIST ELEC REVENUE                            | CUSIP: 452650GF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2514952.00   | 0.45%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tulare CA Sewer Revenue                                              | TULARE CA SWR REVENUE                                        | CUSIP: 899124KP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502118.15   | 0.27%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445CZ0<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5010426.50   | 0.90%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lassen Municipal Utility District                                            | LASSEN CA MUNI UTILITY DIST COPS                             | CUSIP: 518083AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $1979253.20   | 0.36%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern California Energy Authority                                         | NRTHRN CA ENERGY AUTH COMMODITY SPLY REVENUE                 | CUSIP: 664840AL9<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2161345.40   | 0.39%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH COPS                             | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532565.90   | 0.28%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | UNIV OF CALIFORNIA REVENUES                                  | CUSIP: 91412GR23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5295000 | PA      | $5032450.60   | 0.91%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cerritos Community College District                                          | CERRITOS CA CMNTY CLG DIST                                   | CUSIP: 156792FH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1194868.05   | 0.22%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GNY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6040000 | PA      | $6085858.10   | 1.10%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA ST STWD CMNTYS DEV AUTH SPL TAX REVENUE           | CUSIP: 13077EGA2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5029484.50   | 0.91%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                  | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130179JE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2654247.98   | 0.48%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5404508.00   | 0.97%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532MW1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8176792.80   | 1.47%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SX33<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2587124.25   | 0.47%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VPS1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1254358.70   | 0.23%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                               | SACRAMENTO CNTY CA ARPT SYS REVENUE                          | CUSIP: 786107WS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $815058.23    | 0.15%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                         | INDEP CITIES CA FIN AUTH MOBILE HOME PARK REVENUE            | CUSIP: 45385LMQ3<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014877.60   | 0.36%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TKC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3540000 | PA      | $3357828.77   | 0.61%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Coast County Water District                                            | NORTH COAST CNTY CA WTR DIST COPS                            | CUSIP: 658648AT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1612033.09   | 0.29%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Marina Redevelopment Agency Successor Agency                                 | MARINA CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION             | CUSIP: 568061BB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253818.58    | 0.05%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK NATIONAL CHARTR | CUSIP: 13035ADW6<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1257188.63   | 0.23%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                           | SAN JOSE CA ARPT REVENUE                                     | CUSIP: 798136VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4001389.20   | 0.72%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TGF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $884588.30    | 0.16%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SSJ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2825160.44   | 0.51%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                               | SACRAMENTO CNTY CA ARPT SYS REVENUE                          | CUSIP: 786107WR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $988215.93    | 0.18%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008263.60   | 0.18%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                               | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2963910.95   | 0.53%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SUF9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    450000 | PA      | $457310.88    | 0.08%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue        | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KE9<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.90%             | 2045-05-15      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| Jefferson Union High School District                                         | JEFFERSON CA UNION HIGH SCH DIST COPS                        | CUSIP: 472467AU3<br>LEI: 549300S1EAFO90X8HQ88 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1341354.84   | 0.24%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                           | LONG BEACH CA UNIF SCH DIST                                  | CUSIP: 542433SF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95232.60     | 0.02%             | 2026-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YEC1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5650000 | PA      | $5556955.80   | 1.00%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Community Facilities District No 2016-1    | SAN FRANCISCO CITY & CNTY CA CMNTY FACS DIST #2016-1 AREA #2 | CUSIP: 79773LAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1477189.70   | 0.27%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montclair Financing Authority                                                | MONTCLAIR CA PUBLIC FING AUTHLEASE REVENUE                   | CUSIP: 612194AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2403386.64   | 0.43%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delano Joint Union High School District                                      | DELANO CA UNION HIGH SCH DIST                                | CUSIP: 245595GS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4510000 | PA      | $4521203.29   | 0.82%             | 2035-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UVP0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1378331.08   | 0.25%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TNA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $632415.11    | 0.11%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TUJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1867501.00   | 0.34%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH EDUCTNL REVENUE                  | CUSIP: 13049AAJ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1422809.42   | 0.26%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                  | ORANGE CNTY CA CMNTY FACS DIST                               | CUSIP: 68423PWC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1950267.74   | 0.35%             | 2045-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Imperial Irrigation District Electric System Revenue                         | IMPERIAL CA IRR DIST ELEC REVENUE                            | CUSIP: 452650FK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3715000 | PA      | $3718425.60   | 0.67%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JGR1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5377448.50   | 0.97%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Compton Community College District                                           | COMPTON CA CMNTY CLG DIST                                    | CUSIP: 204709CS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3445000 | PA      | $2496209.79   | 0.45%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Northern California                      | TOBACCO SECURITIZATION AUTH NTHRN CA TOBACCO SETTLEMENT REVE | CUSIP: 888794CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $498647.83    | 0.09%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SUE2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510108.40    | 0.09%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                        | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE               | CUSIP: 126292CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $780021.92    | 0.14%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000786.80   | 0.18%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial Irrigation District Electric System Revenue                         | IMPERIAL CA IRR DIST ELEC REVENUE                            | CUSIP: 452650FL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1060555.23   | 0.19%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UXH6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2960000 | PA      | $2975210.85   | 0.54%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2117474.20   | 0.38%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SM76<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2058761.20   | 0.37%             | 2052-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                            | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NCQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003535.40   | 0.18%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                      | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532PP3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    750000 | PA      | $804603.53    | 0.15%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                         | INDEP CITIES CA FIN AUTH MOBILE HOME PARK REVENUE            | CUSIP: 45385LHV8<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |    855000 | PA      | $856244.71    | 0.15%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fremont CA Community Facilities District No 1                        | FREMONT CA CMNTY FACS DIST #1                                | CUSIP: 357129CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2703596.13   | 0.49%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH EDUCTNL REVENUE                  | CUSIP: 13049AAK9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $750601.50    | 0.14%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                  | CALIFORNIA ST ENTERPRISE DEV AUTH LEASE REVENUE              | CUSIP: 13067VAV6<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1758431.00   | 0.32%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VWT1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1668411.66   | 0.30%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                | CUSIP: 13063C5D8<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10085316.00  | 1.82%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1921488.80   | 0.35%             | 2044-06-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TKK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $759834.16    | 0.14%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VZJ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1273431.90   | 0.23%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                       | M-S-R CA ENERGY AUTH GAS REVENUE                             | CUSIP: 55374SAG5<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    785000 | PA      | $830449.46    | 0.15%             | 2029-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032USL3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   6095000 | PA      | $5859758.60   | 1.06%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                  | CMFA SPL FIN AGY CA ESSENTIAL HSG REVENUE                    | CUSIP: 12574WAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1167400.05   | 0.21%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UU71<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1803906.65   | 0.33%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH REVENUE                           | CUSIP: 13057EAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503702.80    | 0.09%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REVENUE         | CUSIP: 13049SGB4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1247195.65   | 0.22%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048TWH2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    240000 | PA      | $240148.92    | 0.04%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Redding Joint Powers Financing Authority                                     | REDDING CA JT PWRS FING AUTH ELEC SYS REVENUE                | CUSIP: 75728LBJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $441648.24    | 0.08%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UMQ8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2684838.60   | 0.48%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oakland Redevelopment Agency Successor Agency                                | OAKLAND CA REDEV SUCCESSOR AGY                               | CUSIP: 67232TAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4004992.00   | 0.72%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chula Vista Community Facilities District                                    | CHULA VISTA CA CMNTY FACS DIST SPL TAX                       | CUSIP: 171312KK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $900277.73    | 0.16%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                             | CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE  | CUSIP: 13054WBE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2666267.86   | 0.48%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pomona Unified School District                                               | POMONA CA UNIF SCH DIST                                      | CUSIP: 732096P63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $954394.85    | 0.17%             | 2029-08-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency            | SAN FRANCISCO CITY & CNTY CA REDEV AGY SUCCESSOR AGY TAX     | CUSIP: 79770GGJ9<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514254.20   | 0.27%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048V2U1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1500443.71   | 0.27%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Floater/Residual Trust                                                | MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES                 | CUSIP: 60700HH77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.54%             | 2027-12-29      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035HES1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.54%             | 2054-02-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Bassett Unified School District                                              | BASSETT CA UNIF SCH DIST                                     | CUSIP: 070185RN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1052355.68   | 0.19%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SP81<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1860665.82   | 0.34%             | 2043-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH EDUCTNL REVENUE                  | CUSIP: 13049AAM5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    925000 | PA      | $857339.03    | 0.15%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035FB33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.02%             | 2049-09-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Tulare Local Health Care District                                            | TULARE CA LOCAL HLTH CARE DIST                               | CUSIP: 89910NDH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1862427.75   | 0.34%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue        | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KT6<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3658821.60   | 0.66%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048V2T4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1283750.26   | 0.23%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chula Vista Community Facilities District                                    | CHULA VISTA CA CMNTY FACS DIST SPL TAX                       | CUSIP: 171312KJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $448331.67    | 0.08%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florin Resource Conservation District                                        | FLORIN CA RESOURCE CONSV DIST WTR REVENUE                    | CUSIP: 34326RAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003446.60   | 0.36%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Porterville CA Water Revenue                                         | PORTERVILLE CA WTR REVENUE COPS                              | CUSIP: 736398AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945226.90    | 0.17%             | 2050-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | CALIFORNIA HSG FIN AGY MUNI CTFS                             | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   7404266 | PA      | $7554497.68   | 1.36%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TFU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986701.60    | 0.18%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TMM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $646555.26    | 0.12%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1063540.63   | 0.19%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                     | RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX                    | CUSIP: 76827QJD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2078931.20   | 0.37%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UYH5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    700000 | PA      | $716665.74    | 0.13%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VF37<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   9500000 | PA      | $9742478.95   | 1.76%             | 2053-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Inglewood Redevelopment Agency Successor Agency                              | INGLEWOOD CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION          | CUSIP: 34637QAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $312103.42    | 0.06%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YBN0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6640390.10   | 1.20%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marina Redevelopment Agency Successor Agency                                 | MARINA CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION             | CUSIP: 568061AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $350011.37    | 0.06%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048T4P5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1391406.52   | 0.25%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TUE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009337.90   | 0.18%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                     | RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX                    | CUSIP: 76827QKZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2481652.25   | 0.45%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035RG73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.18%             | 2052-08-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TCQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $945043.09    | 0.17%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                         | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250040.25   | 0.23%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                         | INDEPENDENT CITIES FIN AUTH CACALIF SALES TAX REV            | CUSIP: 45384PAM7<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1695935.47   | 0.31%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TVD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1680483.66   | 0.30%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | CALIFORNIA HSG FIN AGY MUNI CTFS                             | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    132377 | PA      | $133244.38    | 0.02%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Lafayette Redevelopment Agency Successor Agency                              | LAFAYETTE CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION          | CUSIP: 506024AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1637198.91   | 0.30%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DRK7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   7715000 | PA      | $7730812.66   | 1.39%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA ST STWD CMNTYS DEV AUTH MFH REVENUE               | CUSIP: 13079PXB4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14000000.00  | 2.52%             | 2057-03-01      | Floating      | 2.59%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REVENUE         | CUSIP: 13049SER1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1121395.75   | 0.20%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048V3C0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1537408.95   | 0.28%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Community Facilities District No 2014-1    | SAN FRANCISCO CITY & CNTY CA CMNTY FACS DIST #2014-1 SPL TAX | CUSIP: 79772EFN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030531.40   | 0.19%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino Community Facilities District                                          | CHINO CA CMNTY FACS DIST SPL TAX                             | CUSIP: 169511TP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2519478.25   | 0.45%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                        | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE               | CUSIP: 126292AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1516619.40   | 0.27%             | 2056-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fresno Joint Powers Financing Authority                                      | FRESNO CA JT PWRS FING AUTH LEASE REVENUE                    | CUSIP: 358184RH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1162977.39   | 0.21%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                         | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 7973555X8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1897766.62   | 0.34%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sierra Kings Health Care District                                            | SIERRA KINGS CA HLTH CARE DIST                               | CUSIP: 826331DK3<br>LEI: 54930067T4F87T27NY44 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001113.20   | 0.18%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5421881.00   | 0.98%             | 2054-11-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Union City Community Redevelopment Agency Successor Agency                   | UNION CITY CA CMNTY REDEV AGY SUCCESSOR AGY TAX ALLOCATION   | CUSIP: 90566AAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001279.30   | 0.18%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UKD9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10351219.20  | 1.87%             | 2039-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5730000 | PA      | $5737053.63   | 1.03%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                 | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525Y93<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2174223.00   | 0.39%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Community Facilities Districts                              | RIVERSIDE CNTY CA CMNTY FACS DISTS                           | CUSIP: 76911FUL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1614201.28   | 0.29%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corona Community Facilities District                                         | CORONA CA CMNTY FACS DIST SPL TAX                            | CUSIP: 219680EM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006135.30   | 0.18%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tejon Ranch Public Facilities Finance Authority                              | TEJON RANCH CA PUBLIC FACS FIN AUTH SPL TAX REVENUE          | CUSIP: 879083FP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997188.90    | 0.18%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Compton Public Finance Authority                                             | COMPTON CA PUBLIC FIN AUTH LEASE REVENUE                     | CUSIP: 204726AF0<br>LEI: 549300WUETJKEL0LJQ58 | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2395292.19   | 0.43%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                     | WASHINGTON TWP CA HLTH CARE DIST REVENUE                     | CUSIP: 940204ED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991439.30    | 0.18%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH REVENUE                           | CUSIP: 13057EAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5365000 | PA      | $5220832.26   | 0.94%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| College of the Sequoias Visalia Area Improvement District No 2               | CLG OF THE SEQUOIAS CA VISALIA AREA IMPT DIST #2             | CUSIP: 19428TDV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4130840.80   | 0.74%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                         | INDEP CITIES CA FIN AUTH MOBILE HOME PARK REVENUE            | CUSIP: 45385LKG7<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1576760.11   | 0.28%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Redevelopment Agency Successor Agency                              | LANCASTER CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION          | CUSIP: 513802DW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1222039.20   | 0.22%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080ST79<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2105242.80   | 0.38%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                               | ALLSPRING GOVERNMENT MONEY MAR                               | CUSIP: 000000000<br>LEI: 549300GFSYYLVYEWA041 | Long             | STIV             | RF                | US        |    226400 | NS      | $226400.42    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048V2S6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1428544.52   | 0.26%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UNX2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4481411.50   | 0.81%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A5L0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   8945000 | PA      | $9035319.45   | 1.63%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oakland Redevelopment Agency Successor Agency                                | OAKLAND CA REDEV SUCCESSOR AGY                               | CUSIP: 67232TAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2548581.83   | 0.46%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VPT9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2915000 | PA      | $2772384.21   | 0.50%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REVENUE         | CUSIP: 13049SCL6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520544.45    | 0.09%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                   | BURBANK GLENDALE PASADENA CA ARPT AUTH ARPT REVENUE          | CUSIP: 120827EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5260000 | PA      | $5425052.49   | 0.98%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JHD1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5366601.00   | 0.97%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Sutter Butte Flood Control Agency                                            | SUTTER BUTTE CA FLOOD CNTRL AGY ASSMNT REVENUE               | CUSIP: 869398BS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3549063.99   | 0.64%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YFK2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $755408.48    | 0.14%             | 2038-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                               | SACRAMENTO CNTY CA ARPT SYS REVENUE                          | CUSIP: 786107RX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3066396.90   | 0.55%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                           | SAN JOSE CA ARPT REVENUE                                     | CUSIP: 798136WR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1775481.93   | 0.32%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YFM8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1087145.73   | 0.20%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                        | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE               | CUSIP: 126292BN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1038291.75   | 0.19%             | 2057-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VWU8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $949108.00    | 0.17%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lassen Municipal Utility District                                            | LASSEN CA MUNI UTILITY DIST COPS                             | CUSIP: 518083AT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2056292.33   | 0.37%             | 2041-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lafayette Redevelopment Agency Successor Agency                              | LAFAYETTE CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION          | CUSIP: 506024AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503345.15   | 0.27%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UYJ1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982527.60    | 0.18%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH EDUCTNL REVENUE                  | CUSIP: 13049AAN3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1196283.76   | 0.22%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK ST SCH FUND APP | CUSIP: 13034JDF5<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1767311.09   | 0.32%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fullerton Public Financing Authority                                         | FULLERTON CA PUBLIC FING AUTH REVENUE                        | CUSIP: 359816DE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2276294.25   | 0.41%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YFJ5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    700000 | PA      | $709174.48    | 0.13%             | 2037-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TGE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $912163.80    | 0.16%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SP99<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $954427.60    | 0.17%             | 2053-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Hayward Unified School District                                              | HAYWARD CA UNIF SCH DIST COPS                                | CUSIP: 421294EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8070708.00   | 1.46%             | 2052-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032US82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5137380.50   | 0.93%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SUD4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    700000 | PA      | $716697.87    | 0.13%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Joint Community College District                                      | SIERRA CA JT CMNTY CLG DIST                                  | CUSIP: 826239JK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3729592.00   | 0.67%             | 2053-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VXK9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1889318.03   | 0.34%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency            | SAN FRANCISCO CITY & CNTY CA REDEV AGY SUCCESSOR AGY TAX     | CUSIP: 79770GAW6<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500872.25   | 0.45%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento City Schools Joint Powers Financing Authority                     | SACRAMENTO CA CITY SCHS JT PWRS FING AUTH LEASE REVENUE      | CUSIP: 785862AN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2167017.78   | 0.39%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                     | ROMOLAND CA SCH DIST SPL TAX                                 | CUSIP: 776192RL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3027441.30   | 0.55%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Compton CA Sewer Revenue                                             | COMPTON CA SWR REVENUE                                       | CUSIP: 204730BL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1816610.08   | 0.33%             | 2039-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| San Gorgonio Memorial Health Care District                                   | SAN GORGONIO CA MEMORIAL HLTHCARE DIST                       | CUSIP: 79781RET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1733154.85   | 0.31%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                     | WASHINGTON TWP CA HLTH CARE DIST                             | CUSIP: 940642CD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504093.80   | 0.27%             | 2038-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of San Bernardino CA                                                  | SAN BERNARDINO CNTY CA SPL TAX                               | CUSIP: 796844TF5<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1205779.56   | 0.22%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                              | CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE | CUSIP: 13016NGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $952837.34    | 0.17%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue        | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366AW0<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2800000.00   | 0.50%             | 2032-05-15      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency XII                                              | CMFA SPL FIN AGY XII CA ESSENTIAL HSG REVENUE                | CUSIP: 12574XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1680912.80   | 0.30%             | 2049-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                   | RIVERSIDE CNTY CA TRANSPRTN COMMISSION TOLL REVENUE          | CUSIP: 76912DAZ1<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1792382.40   | 0.32%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048TW82<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $612317.40    | 0.11%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adelanto Public Utility Authority                                            | ADELANTO CA PUBLIC UTILITY AUTH                              | CUSIP: 006797BY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048273.60   | 0.37%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SWJ9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5013097.50   | 0.90%             | 2048-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sonoma Community Development Agency Successor Agency                         | SONOMA CA CMNTY DEV AGY SUCCESSOR AGY TAX ALLOCATION         | CUSIP: 835523AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1346739.14   | 0.24%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REVENUE         | CUSIP: 13049SGC2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1821749.76   | 0.33%             | 2054-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048V3B2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16359.45     | 0.00%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sierra Kings Health Care District                                            | SIERRA KINGS CA HLTH CARE DIST                               | CUSIP: 826331DG2<br>LEI: 54930067T4F87T27NY44 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501340.10   | 0.27%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VB64<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    575000 | PA      | $517870.82    | 0.09%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VZ92<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508616.60   | 0.27%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Merced Irrigation District                                                   | MERCED CA IRR DIST WTR & HYDROELECTRIC SYS REVENUE           | CUSIP: 587619AZ0<br>LEI: YNH41OTIRKLVV8VYX386 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4017688.00   | 0.72%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DMB2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5027192.50   | 0.91%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Kings Health Care District                                            | SIERRA KINGS CA HLTH CARE DIST                               | CUSIP: 826331DH0<br>LEI: 54930067T4F87T27NY44 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750599.90   | 0.32%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lassen Municipal Utility District                                            | LASSEN CA MUNI UTILITY DIST COPS                             | CUSIP: 518083AS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2475933.25   | 0.45%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAS6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1987624.80   | 0.36%             | 2050-09-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| San Rafael City High School District/CA                                      | SAN RAFAEL CITY CA HIGH SCH DIST                             | CUSIP: 799289MK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1444552.05   | 0.26%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Community Facilities District No 2016-1    | SAN FRANCISCO CITY & CNTY CA CMNTY FACS DIST #2016-1         | CUSIP: 79773JBG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $905737.70    | 0.16%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1156634.35   | 0.21%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TCR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1936364.43   | 0.35%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                         | INDEPENDENT CITIES FIN AUTH CACALIF SALES TAX REV            | CUSIP: 45384PAP0<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |    750000 | PA      | $709387.35    | 0.13%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Marina Redevelopment Agency Successor Agency                                 | MARINA CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION             | CUSIP: 568061BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255975.68    | 0.05%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Merced Union High School District                                            | MERCED CA UNION HIGH SCH DIST                                | CUSIP: 587635ET6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3380000 | PA      | $2770844.91   | 0.50%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                              | CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $2604616.00   | 0.47%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                      | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024YF3<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3900000.00   | 0.70%             | 2055-04-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale CA Electric Revenue                                         | GLENDALE CA ELEC WKS REVENUE                                 | CUSIP: 378406PW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5196443.00   | 0.94%             | 2054-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SEW0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5149802.76   | 0.93%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                    | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE    | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3442984.20   | 0.62%             | 2056-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                | CUSIP: 13063EMF0<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075740.30   | 0.19%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1378575.64   | 0.25%             | 2052-02-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2667280.50   | 0.48%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Tracy Community Facilities District/CA                                       | TRACY CA CMNTY FACS DIST                                     | CUSIP: 892376RA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2762502.60   | 0.50%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                 | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525Z68<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1149812.30   | 0.21%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TCC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2526527.37   | 0.46%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                        | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE               | CUSIP: 126292BH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $721384.30    | 0.13%             | 2057-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DWX3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075216.20   | 0.37%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Marina Redevelopment Agency Successor Agency                                 | MARINA CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION             | CUSIP: 568061AN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $404473.40    | 0.07%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Belmont CA                                                           | BELMONT CA CMNTY FACS SPL TAX                                | CUSIP: 080176AT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2990641.29   | 0.54%             | 2030-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1099758.26   | 0.20%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Paramount Unified School District                                            | PARAMOUNT CA UNIF SCH DIST                                   | CUSIP: 699211JC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1973087.50   | 0.36%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4366461.60   | 0.79%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Upland CA                                                            | UPLAND CA COPS                                               | CUSIP: 915346GB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1962233.89   | 0.35%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VSW9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3145857.00   | 0.57%             | 2046-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orange County Water District                                                 | ORANGE CNTY CA WTR DIST COPS                                 | CUSIP: 684421CB4<br>LEI: 549300KBQTX6CMJ3U708 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.63%             | 2042-08-01      | Floating      | 2.78%                 | No            |                  2 | On Loan: No      |
| Lassen Municipal Utility District                                            | LASSEN CA MUNI UTILITY DIST COPS                             | CUSIP: 518083AU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4395000 | PA      | $3861324.82   | 0.70%             | 2046-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Corona-Norco Unified School District                                         | CORONA-NORCO CA UNIF SCH DIST SPL TAX                        | CUSIP: 219766PR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507224.45   | 0.27%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer