# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001752724-23-070617
**Filing Date:** 2023-3
**Character Count:** 11313
**Document Hash:** 676595dd3e70e07b13436ef90dafa8d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-070617.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-070617

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001081400
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09253
- **FILM NUMBER:** 23772143

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

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

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

## Series and Classes Contracts Data

### Allspring Absolute Return Fund (Series ID: S000036117)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000110554 | Class A             | WARAX           |
| C000110555 | Class C             | WARCX           |
| C000110556 | Administrator Class | WARDX           |
| C000123115 | Institutional Class | WABIX           |
| C000150671 | Class R6            | WARRX           |
| C000163719 | Class R             | WARHX           |

## Nport-Ex

Portfolio of investments—January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Investment companies: 98.49% |  |  |
| Multi-asset funds: 98.49% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GMO Benchmark-Free Allocation Fund Class MF ª | 43748547 | $1105088301 |
|  Total Investment companies (Cost $1,036,314,051) |  | 1105088301 |

---

---

| | | |
|:---|:---|:---|
| Total investments in securities (Cost $1,036,314,051) | 98.49% | 1105088301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets and liabilities, net | 1.51 | 16980125 |
| Total net assets | 100.00% | $1122068426 |

---

------

ª The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940.

<u>Investments in affiliates</u> 

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** | **Purchases** | **Sales<br>proceeds** | **Net<br>realized<br>gains<br>(losses) on<br>affiliated<br>investment<br>companies** | **Net<br>change in<br>unrealized<br>gains<br>(losses) on<br>affiliated<br>investment<br>companies** | **Value,<br>end of<br>period** |
| Investment companies |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GMO Benchmark-Free Allocation Fund Class MF | $1301677274 | $80610803 | $(285577633) | $446253 | $7931604 | $1105088301 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares,<br>end of<br>period** | **Dividends from<br>affiliated<br>investment companies** | **Net realized gains on<br>capital gain<br>distributions<br>from affiliated<br>investment companies** |
| Investment companies |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GMO Benchmark-Free Allocation Fund Class MF | 43748547 | $74592 | $0 |

---

See accompanying notes to portfolio of investments

Allspring Absolute Return Fund \| 1

------

Notes to portfolio of investments—January 31, 2023 (unaudited)

------

The Fund invests all of its investable assets in the GMO Benchmark-Free Allocation Fund (the "Benchmark-Free Allocation Fund"), an investment company managed by Grantham, Mayo, Van Otterloo & Co. LLC ("GMO"). Benchmark-Free Allocation Fund is a fund-of-funds and gains its investment exposures primarily by investing in GMO Implementation Fund. In addition, Benchmark-Free Allocation Fund may invest in other GMO Funds (together with GMO Implementation Fund, the "underlying GMO funds"), whether currently existing or created in the future. These underlying GMO funds may include, among others, GMO High Yield Fund, GMO Emerging Country Debt Fund, GMO Opportunistic Income Fund, GMO Special Opportunities Fund, and the GMO Alternative Funds. GMO Implementation Fund is permitted to invest in any asset class and may engage in merger arbitrage. Benchmark-Free Allocation Fund also may invest directly in securities (including other underlying funds) and derivatives. As of January 31, 2023, the Fund owned 25% of Benchmark-Free Allocation Fund.

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.

The Fund values its investment in Benchmark-Free Allocation Fund at net asset value. A complete list of holdings as of January 31, 2023 (unaudited) for Benchmark-Free Allocation Fund has been included as an Appendix for your reference.

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.

At January 31, 2023, the Fund's investment in Benchmark-Free Allocation Fund was measured at fair value using Level 1 inputs. For the nine months ended January 31, 2023, the Fund did not have any transfers into/out of Level 3.

2 \| Allspring Absolute Return Fund

------

GMO Benchmark-Free Allocation Fund

(A Series of GMO Trust)

Schedule of Investments

(showing percentage of total net assets)

January 31, 2023 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value ($)** |
|  | MUTUAL FUNDS — 100.0% |  |
|  | Affiliated Issuers — 100.0% |  |
| 12765527 | GMO Emerging Country Debt Fund, Class VI | 230800732 |
| 5419606 | GMO High Yield Fund, Class VI | 92241703 |
| 305582654 | GMO Implementation Fund | 3804504038 |
| 10931076 | GMO Opportunistic Income Fund, Class VI | 263985489 |
| 3182066 | GMO SGM Major Markets Fund, Class VI | 90020634 |
|  | TOTAL MUTUAL FUNDS (COST $4,733,799,578) | 4481552596 |
|  | SHORT-TERM INVESTMENTS — 0.1% |  |
|  | Money Market Funds — 0.1% |  |
| 3696084 | State Street Institutional Treasury Money Market Fund – Premier Class, 4.18% <sup>(a)</sup> | 3696084 |
|  | TOTAL SHORT-TERM INVESTMENTS (COST $4,369,473) | 3696084 |
|  | TOTAL INVESTMENTS — 100.1% (Cost $4,737,495,662) | 4485248680 |
|  | Other Assets and Liabilities (net) — (0.1%) | (2255500) |
|  | TOTAL NET ASSETS — 100.0% | $4482993180 |

---

------

<u>Notes to Schedule of Investments:</u> 

(a) The rate disclosed is the 7 day net yield as of January 31, 2023.

Allspring Absolute Return Fund \| 3

## 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 Absolute Return Fund

- **b. EDGAR series identifier (if any):** S000036117

- **c. LEI of Series:** 5493008YR83M6GI6QC15

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1125823887.01

**Total Liabilities:** $1556759.13

**Net Assets:** $1124267127.88

**Cash Not Reported:** $19521520.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000110555 | 6.13%                | -0.68%               | 4.14%                |
| Class ID C000110554 | 6.22%                | -0.65%               | 4.23%                |
| Class ID C000110556 | 6.24%                | -0.69%               | 4.26%                |
| Class ID C000163719 | 6.15%                | -0.69%               | 4.30%                |
| Class ID C000123115 | 6.30%                | -0.63%               | 4.32%                |
| Class ID C000150671 | 6.19%                | -0.61%               | 4.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $183270.83               | $69074813.19                               |
| Month 2  | $700557.06               | $-42001664.09                              |
| Month 3  | $347339.30               | $46823213.56                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GMO TR | GMO TR  | CUSIP: 362014805<br>LEI: N/A | Long             | EC               | RF                | US        |  43767489 | NS      | $1105566780.50 | 98.34%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer