# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001410368-25-030671
**Filing Date:** 2025-11
**Character Count:** 440628
**Document Hash:** 7e3b050ab518e09aab763d56ca652f5e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-030671.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001410368-25-030671

**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:** 251516064

**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 Short-Term Municipal Bond Fund (Series ID: S000007411)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020338 | Class C             | WSSCX           |
| C000064979 | Class A             | WSMAX           |
| C000064980 | Institutional Class | WSBIX           |
| C000092789 | Administrator Class | WSTMX           |
| C000205246 | Class R6            | WSSRX           |

## Nport-Ex

Portfolio of investments—September 30, 2025 (unaudited)

Portfolio of investments

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

---

| | | |
|:---|:---|:---|
|  | Principal | Value |
| **Closed-end fund obligations: 0.63%** |  |  |
| **Massachusetts: 0.63%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nuveen AMT-Free Quality Municipal Income Fund Preferred Shares <br> Series 4-4895 (100 shares) 2.97%144Aø<br>| $10000000 | &nbsp;&nbsp; **$10000000** |
| **Total closed-end fund obligations (Cost $10,000,000)** |  | &nbsp;&nbsp; **10000000** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>|  |  |
| **Municipal obligations: 99.32%** |  |  |  |  |
| **Alabama: 3.92%** |  |  |  |  |
| **Airport revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Birmingham Airport Authority (BAM Insured) | 5.00<br> %<br>| &nbsp;&nbsp; 7-1-2026 | 900000 | &nbsp;&nbsp; 916062 |
| &nbsp;&nbsp;&nbsp; Birmingham Airport Authority (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-1-2027 | 500000 | &nbsp;&nbsp; 521324 |
|  |  |  |  | &nbsp;&nbsp; **1437386** |
| **Housing revenue: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series XX1353 <br> (Barclays Bank plc LIQ)144Aø<br>| 2.92 | &nbsp;&nbsp; 10-1-2054 | 5625000 | &nbsp;&nbsp; **5625000** |
| **Industrial development revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Development Board of the City of Mobile Alabama Power <br> Co.øø<br>| 3.30 | &nbsp;&nbsp; 7-15-2034 | 3000000 | &nbsp;&nbsp; **3004389** |
| **Utilities revenue: 3.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Project No. 7 Series C-1 | 4.00 | &nbsp;&nbsp; 12-1-2025 | 1500000 | &nbsp;&nbsp; 1502417 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Project No. 7 Series C-1øø | 4.00 | &nbsp;&nbsp; 10-1-2052 | 3900000 | &nbsp;&nbsp; 3946852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Project No. 7 Series C-2 (SIFMA <br> Municipal Swap+0.35%)±<br>| 3.24 | &nbsp;&nbsp; 10-1-2052 | 6000000 | &nbsp;&nbsp; 5923610 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Series Cøø | 5.00 | &nbsp;&nbsp; 5-1-2055 | 10000000 | &nbsp;&nbsp; 10853380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Series D1 (Royal Bank of Canada <br> LIQ)øø<br>| 4.00 | &nbsp;&nbsp; 7-1-2052 | 3500000 | &nbsp;&nbsp; 3561920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chatom Industrial Development Board PowerSouth Energy <br> Cooperative (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 8-1-2026 | 500000 | &nbsp;&nbsp; 508114 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase Putters/Drivers Trust Series 2025-5088144Aø | 3.15 | &nbsp;&nbsp; 4-24-2026 | 12000000 | &nbsp;&nbsp; 12000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District Project No. 3 <br> Series A-1øø<br>| 5.50 | &nbsp;&nbsp; 1-1-2053 | 2000000 | &nbsp;&nbsp; 2171879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District Project No. 6 <br> Series B (Royal Bank of Canada LIQ)øø<br>| 5.00 | &nbsp;&nbsp; 1-1-2054 | 4500000 | &nbsp;&nbsp; 4813020 |
| &nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District Series A | 5.00 | &nbsp;&nbsp; 6-1-2032 | 825000 | &nbsp;&nbsp; 890108 |
| &nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District Series F | 5.25 | &nbsp;&nbsp; 11-1-2032 | 5865000 | &nbsp;&nbsp; 6505140 |
|  |  |  |  | &nbsp;&nbsp; **52676440** |
|  |  |  |  | &nbsp;&nbsp; **62743215** |
| **Alaska: 0.64%** |  |  |  |  |
| **Airport revenue: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alaska Railroad Corp. AMT | 5.50 | &nbsp;&nbsp; 10-1-2028 | 320000 | &nbsp;&nbsp; 337896 |
| &nbsp;&nbsp;&nbsp; Alaska Railroad Corp. AMT | 5.50 | &nbsp;&nbsp; 10-1-2029 | 350000 | &nbsp;&nbsp; 374864 |
| &nbsp;&nbsp;&nbsp; State of Alaska International Airports System Series C AMT | 5.00 | &nbsp;&nbsp; 10-1-2026 | 3000000 | &nbsp;&nbsp; 3066858 |
| &nbsp;&nbsp;&nbsp; State of Alaska International Airports System Series C AMT | 5.00 | &nbsp;&nbsp; 10-1-2028 | 775000 | &nbsp;&nbsp; 824685 |
|  |  |  |  | &nbsp;&nbsp; **4604303** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 1

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Health revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alaska Industrial Development & Export Authority Dena' Nena' <br> Henash Series A<br>| 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2025 | $1310000 | &nbsp;&nbsp; $1310000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alaska Industrial Development & Export Authority Dena' Nena' <br> Henash Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2026 | 385000 | &nbsp;&nbsp; 391860 |
|  |  |  |  | &nbsp;&nbsp; **1701860** |
| **Miscellaneous revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alaska Municipal Bond Bank Authority | 5.00 | &nbsp;&nbsp; 12-1-2025 | 1470000 | &nbsp;&nbsp; 1475489 |
| &nbsp;&nbsp;&nbsp; Alaska Municipal Bond Bank Authority | 5.00 | &nbsp;&nbsp; 12-1-2026 | 1350000 | &nbsp;&nbsp; 1386819 |
| &nbsp;&nbsp;&nbsp; Alaska Municipal Bond Bank Authority Series 2 AMT | 5.00 | &nbsp;&nbsp; 12-1-2027 | 535000 | &nbsp;&nbsp; 557291 |
| &nbsp;&nbsp;&nbsp; Alaska Municipal Bond Bank Authority Series 2 AMT | 5.00 | &nbsp;&nbsp; 12-1-2028 | 560000 | &nbsp;&nbsp; 593529 |
|  |  |  |  | &nbsp;&nbsp; **4013128** |
|  |  |  |  | &nbsp;&nbsp; **10319291** |
| **Arizona: 2.27%** |  |  |  |  |
| **Airport revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Phoenix Civic Improvement Corp. Airport Revenue AMT | 5.00 | &nbsp;&nbsp; 7-1-2026 | 2000000 | &nbsp;&nbsp; **2031199** |
| **Education revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arizona IDA Kipp NYC Public Charter Schools Series B | 5.00 | &nbsp;&nbsp; 7-1-2027 | 170000 | &nbsp;&nbsp; 171910 |
| &nbsp;&nbsp;&nbsp; Arizona IDA Kipp NYC Public Charter Schools Series B | 5.00 | &nbsp;&nbsp; 7-1-2028 | 175000 | &nbsp;&nbsp; 176861 |
|  |  |  |  | &nbsp;&nbsp; **348771** |
| **GO revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Vistancia Community Facilities District (BAM Insured) | 4.00 | &nbsp;&nbsp; 7-15-2026 | 900000 | &nbsp;&nbsp; **909475** |
| **Health revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona Health Facilities Authority Banner Health Obligated Group <br> Series B (SIFMA Municipal Swap+0.25%)±<br>| 3.14 | &nbsp;&nbsp; 1-1-2046 | 630000 | &nbsp;&nbsp; 629948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona Health Facilities Authority Series B (SIFMA Municipal <br> Swap+0.25%)±<br>| 3.14 | &nbsp;&nbsp; 1-1-2046 | 3370000 | &nbsp;&nbsp; 3346761 |
|  |  |  |  | &nbsp;&nbsp; **3976709** |
| **Housing revenue: 0.87%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arizona IDA Diamond View at Ballpark Village LPøø | 2.76 | &nbsp;&nbsp; 7-1-2047 | 14000000 | &nbsp;&nbsp; **13896807** |
| **Industrial development revenue: 0.95%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chandler IDA Intel Corp. AMTøø | 4.10 | &nbsp;&nbsp; 12-1-2037 | 2500000 | &nbsp;&nbsp; 2515282 |
| &nbsp;&nbsp;&nbsp; Chandler IDA Intel Corp. Series 1 AMTøø | 5.00 | &nbsp;&nbsp; 9-1-2042 | 2670000 | &nbsp;&nbsp; 2714969 |
| &nbsp;&nbsp;&nbsp; IDA of the City of Phoenix Republic Services, Inc. Series D AMTøø | 3.85 | &nbsp;&nbsp; 12-1-2035 | 10000000 | &nbsp;&nbsp; 9998456 |
|  |  |  |  | &nbsp;&nbsp; **15228707** |
|  |  |  |  | &nbsp;&nbsp; **36391668** |
| **Arkansas: 0.32%** |  |  |  |  |
| **Tax revenue: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Cabot Sales & Use Tax Revenue Series B | 5.00 | &nbsp;&nbsp; 12-1-2028 | 435000 | &nbsp;&nbsp; 466612 |
| &nbsp;&nbsp;&nbsp; City of Springdale Sales & Use Tax Revenue Series B (BAM Insured) | 5.00 | &nbsp;&nbsp; 8-1-2030 | 100000 | &nbsp;&nbsp; 109903 |
| &nbsp;&nbsp;&nbsp; City of Springdale Sales & Use Tax Revenue Series B (BAM Insured) | 5.00 | &nbsp;&nbsp; 8-1-2031 | 310000 | &nbsp;&nbsp; 338904 |

---

See accompanying notes to portfolio of investments

2 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Tax revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of West Memphis Sales & Use Tax Revenue (AG Insured) | 5.00<br> %<br>| &nbsp;&nbsp; 6-1-2031 | $1880000 | &nbsp;&nbsp; $2077621 |
| &nbsp;&nbsp;&nbsp; City of West Memphis Sales & Use Tax Revenue (AG Insured) | 5.00 | &nbsp;&nbsp; 6-1-2032 | 1965000 | &nbsp;&nbsp; 2184328 |
|  |  |  |  | &nbsp;&nbsp; **5177368** |
| **California: 3.99%** |  |  |  |  |
| **Airport revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports Series D AMT | 5.00 | &nbsp;&nbsp; 5-15-2027 | 2500000 | &nbsp;&nbsp; **2594047** |
| **GO revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; San Francisco Unified School District Series F&C | 4.00 | &nbsp;&nbsp; 6-15-2031 | 4995000 | &nbsp;&nbsp; **4998660** |
| **Health revenue: 0.66%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California HFFA Episcopal Communities & Services for Seniors <br> Obligated Group Series A<br>| 3.85 | &nbsp;&nbsp; 11-15-2027 | 1800000 | &nbsp;&nbsp; 1800464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California HFFA Episcopal Communities & Services for Seniors <br> Obligated Group Series B<br>| 5.00 | &nbsp;&nbsp; 11-15-2028 | 200000 | &nbsp;&nbsp; 210577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California HFFA Episcopal Communities & Services for Seniors <br> Obligated Group Series B<br>| 5.00 | &nbsp;&nbsp; 11-15-2029 | 200000 | &nbsp;&nbsp; 213827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California HFFA Episcopal Communities & Services for Seniors <br> Obligated Group Series B<br>| 5.00 | &nbsp;&nbsp; 11-15-2031 | 500000 | &nbsp;&nbsp; 545393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Adventist Health System/West Obligated <br> Group Series A<br>| 5.00 | &nbsp;&nbsp; 3-1-2031 | 1415000 | &nbsp;&nbsp; 1424968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Emanate Health Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 4-1-2026 | 570000 | &nbsp;&nbsp; 576233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA Emanate Health Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 4-1-2027 | 845000 | &nbsp;&nbsp; 874309 |
| &nbsp;&nbsp;&nbsp; Palomar Health Obligated Group | 5.00 | &nbsp;&nbsp; 11-1-2028 | 5000000 | &nbsp;&nbsp; 4888664 |
|  |  |  |  | &nbsp;&nbsp; **10534435** |
| **Miscellaneous revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Palomar Health Obligated <br> Group COP144A<br>| 5.00 | &nbsp;&nbsp; 11-1-2027 | 3000000 | &nbsp;&nbsp; 2829980 |
| &nbsp;&nbsp;&nbsp; Lassen Municipal Utility District COP | 4.00 | &nbsp;&nbsp; 5-1-2026 | 435000 | &nbsp;&nbsp; 436802 |
| &nbsp;&nbsp;&nbsp; Lassen Municipal Utility District COP | 4.00 | &nbsp;&nbsp; 5-1-2027 | 450000 | &nbsp;&nbsp; 455328 |
| &nbsp;&nbsp;&nbsp; Lassen Municipal Utility District COP | 4.00 | &nbsp;&nbsp; 5-1-2028 | 470000 | &nbsp;&nbsp; 479049 |
|  |  |  |  | &nbsp;&nbsp; **4201159** |
| **Tax revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Riverside County PFA Project Area No. 1 Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 10-1-2026 | 1250000 | &nbsp;&nbsp; **1252391** |
| **Transportation revenue: 0.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bay Area Toll Authority Series C (SIFMA Municipal Swap+0.45%)± | 3.34 | &nbsp;&nbsp; 4-1-2056 | 2750000 | &nbsp;&nbsp; 2736030 |
| &nbsp;&nbsp;&nbsp; Bay Area Toll Authority Series D (SIFMA Municipal Swap+0.30%)± | 3.19 | &nbsp;&nbsp; 4-1-2056 | 10000000 | &nbsp;&nbsp; 9800357 |
|  |  |  |  | &nbsp;&nbsp; **12536387** |
| **Utilities revenue: 1.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series B-1øø | 4.00 | &nbsp;&nbsp; 2-1-2052 | 7000000 | &nbsp;&nbsp; 7174743 |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series C | 5.00 | &nbsp;&nbsp; 10-1-2028 | 475000 | &nbsp;&nbsp; 495053 |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series C | 5.00 | &nbsp;&nbsp; 10-1-2029 | 675000 | &nbsp;&nbsp; 712129 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 3

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series C | 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2030 | $1500000 | &nbsp;&nbsp; $1599793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long Beach Bond Finance Authority Series B (U.S. SOFR 3 <br> Month+1.43%)±<br>| 4.43 | &nbsp;&nbsp; 11-15-2026 | 2000000 | &nbsp;&nbsp; 2010444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Los Angeles Department of Water & Power System Revenue <br> Series A<br>| 5.00 | &nbsp;&nbsp; 7-1-2028 | 1000000 | &nbsp;&nbsp; 1052917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern California Public Power Authority Anaheim Electric <br> System Revenue Series Aøø<br>| 5.00 | &nbsp;&nbsp; 4-1-2055 | 8710000 | &nbsp;&nbsp; 9369962 |
|  |  |  |  | &nbsp;&nbsp; **22415041** |
| **Water & sewer revenue: 0.34%** |  |  |  |  |
| &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 | 5000000 | &nbsp;&nbsp; **5435557** |
|  |  |  |  | &nbsp;&nbsp; **63967677** |
| **Colorado: 1.15%** |  |  |  |  |
| **Education revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; University of Colorado Series C-3Aøø | 2.00 | &nbsp;&nbsp; 6-1-2051 | 2500000 | &nbsp;&nbsp; **2499265** |
| **GO revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sand Creek Metropolitan District Series A (AG Insured) | 4.00 | &nbsp;&nbsp; 12-1-2025 | 400000 | &nbsp;&nbsp; **400586** |
| **Health revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado Health Facilities Authority AdventHealth Obligated Group <br> Series Bøø<br>| 5.00 | &nbsp;&nbsp; 11-15-2049 | 900000 | &nbsp;&nbsp; **921718** |
| **Miscellaneous revenue: 0.52%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Colorado Bridge Enterprise High Performance Transportation AMT | 4.00 | &nbsp;&nbsp; 12-31-2025 | 2455000 | &nbsp;&nbsp; 2458242 |
| &nbsp;&nbsp;&nbsp; Colorado Bridge Enterprise High Performance Transportation AMT | 4.00 | &nbsp;&nbsp; 6-30-2026 | 4050000 | &nbsp;&nbsp; 4068343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado Science & Technology Park Metropolitan District No. 1 <br> Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 12-1-2030 | 675000 | &nbsp;&nbsp; 739628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado Science & Technology Park Metropolitan District No. 1 <br> Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 12-1-2031 | 1000000 | &nbsp;&nbsp; 1098885 |
|  |  |  |  | &nbsp;&nbsp; **8365098** |
| **Tax revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regional Transportation District Denver Transit Partners LLC <br> Series A<br>| 4.00 | &nbsp;&nbsp; 7-15-2033 | 500000 | &nbsp;&nbsp; 515596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thornton Development Authority East 144th Avenue & I-25 Urban <br> Renewal Area<br>| 5.00 | &nbsp;&nbsp; 12-1-2030 | 375000 | &nbsp;&nbsp; 411754 |
|  |  |  |  | &nbsp;&nbsp; **927350** |
| **Transportation revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; E-470 Public Highway Authority Series A | 5.00 | &nbsp;&nbsp; 9-1-2026 | 1750000 | &nbsp;&nbsp; **1788207** |
| **Utilities revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Colorado Springs Utilities System Revenue Series C (TD <br> Bank N.A. SPA)ø<br>| 2.87 | &nbsp;&nbsp; 11-1-2040 | 3000000 | &nbsp;&nbsp; **3000000** |

---

See accompanying notes to portfolio of investments

4 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Water & sewer revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Weld County Water District (AG Insured) | 5.00<br> %<br>| &nbsp;&nbsp; 12-1-2027 | $500000 | &nbsp;&nbsp; $**525902** |
|  |  |  |  | &nbsp;&nbsp; **18428126** |
| **Connecticut: 0.89%** |  |  |  |  |
| **Education revenue: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Connecticut State HEFA Yale University Series B-2øø | 3.20 | &nbsp;&nbsp; 7-1-2037 | 5000000 | &nbsp;&nbsp; 5011372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State Higher Education Supplement Loan Authority <br> Series B AMT<br>| 5.00 | &nbsp;&nbsp; 11-15-2025 | 400000 | &nbsp;&nbsp; 400689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State Higher Education Supplement Loan Authority <br> Series B AMT<br>| 5.00 | &nbsp;&nbsp; 11-15-2026 | 585000 | &nbsp;&nbsp; 595692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State Higher Education Supplement Loan Authority <br> Series D<br>| 5.00 | &nbsp;&nbsp; 11-15-2025 | 500000 | &nbsp;&nbsp; 501382 |
|  |  |  |  | &nbsp;&nbsp; **6509135** |
| **GO revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Bridgeport Series C | 5.00 | &nbsp;&nbsp; 2-15-2026 | 1325000 | &nbsp;&nbsp; 1336458 |
| &nbsp;&nbsp;&nbsp; Town of Hamden Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 8-1-2026 | 710000 | &nbsp;&nbsp; 723704 |
|  |  |  |  | &nbsp;&nbsp; **2060162** |
| **Health revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State HEFA Stamford Hospital Obligated Group <br> Series M<br>| 5.00 | &nbsp;&nbsp; 7-1-2026 | 375000 | &nbsp;&nbsp; 379730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State HEFA Stamford Hospital Obligated Group <br> Series M<br>| 5.00 | &nbsp;&nbsp; 7-1-2027 | 250000 | &nbsp;&nbsp; 258399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State HEFA Stamford Hospital Obligated Group <br> Series M<br>| 5.00 | &nbsp;&nbsp; 7-1-2028 | 300000 | &nbsp;&nbsp; 315344 |
|  |  |  |  | &nbsp;&nbsp; **953473** |
| **Tax revenue: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Connecticut Special Tax Revenue Series A | 5.00 | &nbsp;&nbsp; 5-1-2026 | 1200000 | &nbsp;&nbsp; 1217069 |
| &nbsp;&nbsp;&nbsp; State of Connecticut Special Tax Revenue Series A | 5.00 | &nbsp;&nbsp; 5-1-2027 | 3400000 | &nbsp;&nbsp; 3536616 |
|  |  |  |  | &nbsp;&nbsp; **4753685** |
|  |  |  |  | &nbsp;&nbsp; **14276455** |
| **District of Columbia: 0.99%** |  |  |  |  |
| **Airport revenue: 0.99%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation Revenue <br> Series A AMT<br>| 5.00 | &nbsp;&nbsp; 10-1-2025 | 6320000 | &nbsp;&nbsp; 6320000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation Revenue <br> Series A AMT<br>| 5.00 | &nbsp;&nbsp; 10-1-2026 | 1180000 | &nbsp;&nbsp; 1204184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation Revenue <br> Series A AMT<br>| 5.00 | &nbsp;&nbsp; 10-1-2027 | 1000000 | &nbsp;&nbsp; 1043339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation Revenue <br> Series A AMT<br>| 5.00 | &nbsp;&nbsp; 10-1-2028 | 1000000 | &nbsp;&nbsp; 1063516 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 5

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Airport revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation Revenue <br> Series A AMT<br>| 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2031 | $1000000 | &nbsp;&nbsp; $1015844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation Revenue <br> Series A AMT<br>| 5.00 | &nbsp;&nbsp; 10-1-2032 | 5045000 | &nbsp;&nbsp; 5123751 |
|  |  |  |  | &nbsp;&nbsp; **15770634** |
| **Florida: 5.15%** |  |  |  |  |
| **Airport revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Greater Orlando Aviation Authority Series A AMT | 5.00 | &nbsp;&nbsp; 10-1-2025 | 2000000 | &nbsp;&nbsp; **2000000** |
| **Education revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital Projects Finance Authority Corp. 2000F Series A-1 | 5.00 | &nbsp;&nbsp; 10-1-2025 | 1000000 | &nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp; Capital Projects Finance Authority Corp. 2000F Series A-1 | 5.00 | &nbsp;&nbsp; 10-1-2026 | 1000000 | &nbsp;&nbsp; 1015864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Higher Educational Facilities Financing Authority Institute of <br> Technology, Inc.<br>| 5.00 | &nbsp;&nbsp; 10-1-2025 | 500000 | &nbsp;&nbsp; 500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Higher Educational Facilities Financing Authority Institute of <br> Technology, Inc.<br>| 5.00 | &nbsp;&nbsp; 10-1-2026 | 750000 | &nbsp;&nbsp; 760624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palm Beach County Educational Facilities Authority Atlantic <br> University Obligated Group<br>| 4.00 | &nbsp;&nbsp; 10-1-2026 | 250000 | &nbsp;&nbsp; 251326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palm Beach County Educational Facilities Authority Atlantic <br> University Obligated Group<br>| 4.00 | &nbsp;&nbsp; 10-1-2027 | 255000 | &nbsp;&nbsp; 256913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palm Beach County Educational Facilities Authority Atlantic <br> University Obligated Group<br>| 4.00 | &nbsp;&nbsp; 10-1-2028 | 270000 | &nbsp;&nbsp; 272782 |
|  |  |  |  | &nbsp;&nbsp; **4057509** |
| **Health revenue: 2.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of South Miami Health Facilities Authority, Inc. Baptist Health <br> South Florida Obligated Group Series Bøø<br>| 5.00 | &nbsp;&nbsp; 8-15-2065 | 4000000 | &nbsp;&nbsp; 4395853 |
| &nbsp;&nbsp;&nbsp; Halifax Hospital Medical Center Obligated Group | 5.00 | &nbsp;&nbsp; 6-1-2029 | 1360000 | &nbsp;&nbsp; 1377953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highlands County Health Facilities Authority AdventHealth <br> Obligated Group Series I-2ø<br>| 2.90 | &nbsp;&nbsp; 11-15-2032 | 4100000 | &nbsp;&nbsp; 4100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highlands County Health Facilities Authority AdventHealth <br> Obligated Group Series I-4ø<br>| 2.90 | &nbsp;&nbsp; 11-15-2034 | 10250000 | &nbsp;&nbsp; 10250000 |
| &nbsp;&nbsp;&nbsp; Lee County IDA Shell Point Obligated Group Series B-2 | 4.38 | &nbsp;&nbsp; 11-15-2029 | 775000 | &nbsp;&nbsp; 780494 |
| &nbsp;&nbsp;&nbsp; Lee County IDA Shell Point Obligated Group Series B-3 | 4.13 | &nbsp;&nbsp; 11-15-2029 | 2500000 | &nbsp;&nbsp; 2517769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palm Beach County Health Facilities Authority ACTS Retirement-Life <br> Communities, Inc. Obligated Group<br>| 5.00 | &nbsp;&nbsp; 11-15-2032 | 4500000 | &nbsp;&nbsp; 4560437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Johns County IDA Life Care Ponte Vedra Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 12-15-2025 | 180000 | &nbsp;&nbsp; 179748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Johns County IDA Life Care Ponte Vedra Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 12-15-2026 | 185000 | &nbsp;&nbsp; 184069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Johns County IDA Life Care Ponte Vedra Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 12-15-2027 | 215000 | &nbsp;&nbsp; 213412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Johns County IDA Life Care Ponte Vedra Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 12-15-2028 | 200000 | &nbsp;&nbsp; 197866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2023-<br> XM1155 (Royal Bank of Canada LOC, Royal Bank of Canada <br> LIQ)144Aø<br>| 2.92 | &nbsp;&nbsp; 1-1-2029 | 10530000 | &nbsp;&nbsp; 10530000 |
|  |  |  |  | &nbsp;&nbsp; **39287601** |

---

See accompanying notes to portfolio of investments

6 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue: 0.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Housing Finance Corp. Residences at Marina Village LLC <br> Series Søø<br>| 2.85<br> %<br>| &nbsp;&nbsp; 10-1-2043 | $4000000 | &nbsp;&nbsp; $3981235 |
| &nbsp;&nbsp;&nbsp; Lee County HFA MHP Lee I LLCøø | 3.50 | &nbsp;&nbsp; 12-1-2042 | 2850000 | &nbsp;&nbsp; 2874581 |
|  |  |  |  | &nbsp;&nbsp; **6855816** |
| **Miscellaneous revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village Community Development District No. 15 Series 2023 Phase I <br> Special Assessment144A<br>| 4.25 | &nbsp;&nbsp; 5-1-2028 | 535000 | &nbsp;&nbsp; **542234** |
| **Resource recovery revenue: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Development Finance Corp. GFL Solid Waste Southeast LLC <br> Series A AMT144Aøø<br>| 4.38 | &nbsp;&nbsp; 10-1-2054 | 1250000 | &nbsp;&nbsp; 1261868 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County IDA Waste Management, Inc. Series B AMTøø | 4.00 | &nbsp;&nbsp; 11-1-2048 | 2500000 | &nbsp;&nbsp; 2499717 |
|  |  |  |  | &nbsp;&nbsp; **3761585** |
| **Tax revenue: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Leon County School District | 4.00 | &nbsp;&nbsp; 9-1-2026 | 6000000 | &nbsp;&nbsp; **6005896** |
| **Transportation revenue: 0.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Miami Parking System Revenue (BAM Insured) | 5.00 | &nbsp;&nbsp; 10-1-2029 | 1945000 | &nbsp;&nbsp; 2104353 |
| &nbsp;&nbsp;&nbsp; County of Osceola Transportation Revenue Series A-1 | 5.00 | &nbsp;&nbsp; 10-1-2026 | 735000 | &nbsp;&nbsp; 746743 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County Expressway Authority Series A | 5.00 | &nbsp;&nbsp; 7-1-2028 | 4000000 | &nbsp;&nbsp; 4006273 |
|  |  |  |  | &nbsp;&nbsp; **6857369** |
| **Utilities revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Orlando Utilities Commission Series Bøø | 1.25 | &nbsp;&nbsp; 10-1-2046 | 1000000 | &nbsp;&nbsp; **909690** |
| **Water & sewer revenue: 0.76%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; North Sumter County Utility Dependent District (AG Insured) | 5.00 | &nbsp;&nbsp; 10-1-2027 | 680000 | &nbsp;&nbsp; 708661 |
| &nbsp;&nbsp;&nbsp; North Sumter County Utility Dependent District (AG Insured) | 5.00 | &nbsp;&nbsp; 10-1-2028 | 1360000 | &nbsp;&nbsp; 1444675 |
| &nbsp;&nbsp;&nbsp; Tohopekaliga Water Authority144A | 5.00 | &nbsp;&nbsp; 10-1-2025 | 9160000 | &nbsp;&nbsp; 9160000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wildwood Utility Dependent District South Sumter Utility Project <br> (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 10-1-2026 | 400000 | &nbsp;&nbsp; 409114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wildwood Utility Dependent District South Sumter Utility Project <br> (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 10-1-2027 | 200000 | &nbsp;&nbsp; 209145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wildwood Utility Dependent District South Sumter Utility Project <br> (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 10-1-2028 | 250000 | &nbsp;&nbsp; 266903 |
|  |  |  |  | &nbsp;&nbsp; **12198498** |
|  |  |  |  | &nbsp;&nbsp; **82476198** |
| **Georgia: 4.01%** |  |  |  |  |
| **Health revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cobb County Kennestone Hospital Authority WellStar Health <br> System Obligated Group Series A (Bank of America N.A. LOC)ø<br>| 2.94 | &nbsp;&nbsp; 4-1-2047 | 400000 | &nbsp;&nbsp; 400000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cobb County Kennestone Hospital Authority WellStar Health <br> System Obligated Group Series B<br>| 5.00 | &nbsp;&nbsp; 4-1-2026 | 1000000 | &nbsp;&nbsp; 1010735 |
|  |  |  |  | &nbsp;&nbsp; **1410735** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 7

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue: 3.92%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bartow County Development Authority Georgia Power Co.øø | 3.95<br> %<br>| &nbsp;&nbsp; 12-1-2032 | $3000000 | &nbsp;&nbsp; $3076800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Development Authority of Burke County Georgia Power Co. <br> Series 2øø<br>| 3.30 | &nbsp;&nbsp; 12-1-2049 | 2500000 | &nbsp;&nbsp; 2537890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Development Authority of Burke County Georgia Power Co. <br> Series 4thøø<br>| 3.80 | &nbsp;&nbsp; 10-1-2032 | 8500000 | &nbsp;&nbsp; 8544236 |
| &nbsp;&nbsp;&nbsp; Development Authority of Monroe County Georgia Power Co.øø | 3.35 | &nbsp;&nbsp; 11-1-2048 | 6000000 | &nbsp;&nbsp; 6098529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Development Authority of Monroe County Georgia Power Co. <br> Series 1støø<br>| 1.00 | &nbsp;&nbsp; 7-1-2049 | 2500000 | &nbsp;&nbsp; 2441867 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series A | 4.00 | &nbsp;&nbsp; 12-1-2027 | 4000000 | &nbsp;&nbsp; 4071251 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series A | 4.00 | &nbsp;&nbsp; 12-1-2028 | 3345000 | &nbsp;&nbsp; 3413053 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series Aøø | 4.00 | &nbsp;&nbsp; 7-1-2052 | 1000000 | &nbsp;&nbsp; 1021026 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series A | 5.00 | &nbsp;&nbsp; 6-1-2028 | 1500000 | &nbsp;&nbsp; 1566332 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series Bøø | 5.00 | &nbsp;&nbsp; 12-1-2052 | 8000000 | &nbsp;&nbsp; 8475988 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series Bøø | 5.00 | &nbsp;&nbsp; 7-1-2053 | 3000000 | &nbsp;&nbsp; 3227760 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series Bøø | 5.00 | &nbsp;&nbsp; 12-1-2054 | 2000000 | &nbsp;&nbsp; 2177752 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series C144Aøø | 4.00 | &nbsp;&nbsp; 8-1-2052 | 8900000 | &nbsp;&nbsp; 8954239 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series E | 5.00 | &nbsp;&nbsp; 12-1-2028 | 2225000 | &nbsp;&nbsp; 2340718 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series E | 5.00 | &nbsp;&nbsp; 12-1-2029 | 2750000 | &nbsp;&nbsp; 2926328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series A<br>| 5.00 | &nbsp;&nbsp; 1-1-2026 | 300000 | &nbsp;&nbsp; 301760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 1-1-2027 | 165000 | &nbsp;&nbsp; 170347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2027 | 300000 | &nbsp;&nbsp; 313794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 1-1-2028 | 200000 | &nbsp;&nbsp; 210796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2028 | 300000 | &nbsp;&nbsp; 319652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2029 | 600000 | &nbsp;&nbsp; 651876 |
|  |  |  |  | &nbsp;&nbsp; **62841994** |
|  |  |  |  | &nbsp;&nbsp; **64252729** |
| **Guam: 0.84%** |  |  |  |  |
| **Airport revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Antonio B Won Pat International Airport Authority Series A AMT | 5.00 | &nbsp;&nbsp; 10-1-2028 | 480000 | &nbsp;&nbsp; **495654** |
| **Miscellaneous revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Territory of Guam Series F | 5.00 | &nbsp;&nbsp; 1-1-2028 | 500000 | &nbsp;&nbsp; 518095 |
| &nbsp;&nbsp;&nbsp; Territory of Guam Series F | 5.00 | &nbsp;&nbsp; 1-1-2029 | 1000000 | &nbsp;&nbsp; 1057829 |
| &nbsp;&nbsp;&nbsp; Territory of Guam Series G | 5.00 | &nbsp;&nbsp; 1-1-2029 | 2500000 | &nbsp;&nbsp; 2644189 |
|  |  |  |  | &nbsp;&nbsp; **4220113** |
| **Utilities revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Guam Power Authority Series A | 5.00 | &nbsp;&nbsp; 10-1-2026 | 3265000 | &nbsp;&nbsp; 3332431 |
| &nbsp;&nbsp;&nbsp; Guam Power Authority Series A | 5.00 | &nbsp;&nbsp; 10-1-2030 | 600000 | &nbsp;&nbsp; 656270 |
|  |  |  |  | &nbsp;&nbsp; **3988701** |

---

See accompanying notes to portfolio of investments

8 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Water & sewer revenue: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guam Government Waterworks Authority Water & Wastewater <br> System Series A<br>| 5.00<br> %<br>| &nbsp;&nbsp; 7-1-2027 | $450000 | &nbsp;&nbsp; $465417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guam Government Waterworks Authority Water & Wastewater <br> System Series B<br>| 5.00 | &nbsp;&nbsp; 7-1-2028 | 1000000 | &nbsp;&nbsp; 1053649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residual Interest Bond Floater Trust Various States Series 2025-<br> 1002 (Barclays Bank plc LOC, Barclays Bank plc LIQ)144Aø<br>| 3.29 | &nbsp;&nbsp; 7-1-2055 | 3210000 | &nbsp;&nbsp; 3210000 |
|  |  |  |  | &nbsp;&nbsp; **4729066** |
|  |  |  |  | &nbsp;&nbsp; **13433534** |
| **Hawaii: 1.48%** |  |  |  |  |
| **GO revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Hawaii Series FB | 4.00 | &nbsp;&nbsp; 4-1-2029 | 5000000 | &nbsp;&nbsp; **5027095** |
| **Housing revenue: 0.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City & County of Honolulu Komohale Maunakea Venture LP <br> (Department of Housing and Urban Development Insured)øø<br>| 5.00 | &nbsp;&nbsp; 6-1-2027 | 4500000 | &nbsp;&nbsp; 4558858 |
| &nbsp;&nbsp;&nbsp; City & County of Honolulu Komohale West Loch Venture LPøø | 5.00 | &nbsp;&nbsp; 5-1-2029 | 4500000 | &nbsp;&nbsp; 4720474 |
|  |  |  |  | &nbsp;&nbsp; **9279332** |
| **Miscellaneous revenue: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Hawaii Airports System Revenue AMT COP | 5.25 | &nbsp;&nbsp; 8-1-2026 | 6350000 | &nbsp;&nbsp; **6363895** |
| **Utilities revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Hawaii Department of Budget & Finance Series A AMT | 3.10 | &nbsp;&nbsp; 5-1-2026 | 3000000 | &nbsp;&nbsp; **2972564** |
|  |  |  |  | &nbsp;&nbsp; **23642886** |
| **Illinois: 9.20%** |  |  |  |  |
| **Airport revenue: 0.86%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chicago Midway International Airport Series A AMT | 5.00 | &nbsp;&nbsp; 1-1-2030 | 3755000 | &nbsp;&nbsp; 4034858 |
| &nbsp;&nbsp;&nbsp; Chicago Midway International Airport Series A AMT | 5.00 | &nbsp;&nbsp; 1-1-2031 | 4000000 | &nbsp;&nbsp; 4347562 |
| &nbsp;&nbsp;&nbsp; Chicago Midway International Airport Series B | 5.00 | &nbsp;&nbsp; 1-1-2029 | 175000 | &nbsp;&nbsp; 188223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport Customer Facility Charge <br> Revenue (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 1-1-2029 | 315000 | &nbsp;&nbsp; 339414 |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport Series C AMT | 5.00 | &nbsp;&nbsp; 1-1-2031 | 4500000 | &nbsp;&nbsp; 4913752 |
|  |  |  |  | &nbsp;&nbsp; **13823809** |
| **Education revenue: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority Benedictine University | 5.00 | &nbsp;&nbsp; 10-1-2027 | 630000 | &nbsp;&nbsp; 621648 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority DePaul University Series A | 5.00 | &nbsp;&nbsp; 10-1-2028 | 2585000 | &nbsp;&nbsp; 2636375 |
| &nbsp;&nbsp;&nbsp; Southern Illinois University Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 4-1-2026 | 825000 | &nbsp;&nbsp; 829135 |
| &nbsp;&nbsp;&nbsp; Southern Illinois University Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 4-1-2027 | 780000 | &nbsp;&nbsp; 792774 |
| &nbsp;&nbsp;&nbsp; Southern Illinois University Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2027 | 400000 | &nbsp;&nbsp; 411728 |
| &nbsp;&nbsp;&nbsp; Southern Illinois University Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2028 | 500000 | &nbsp;&nbsp; 524830 |
|  |  |  |  | &nbsp;&nbsp; **5816490** |
| **GO revenue: 5.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boone McHenry & DeKalb Counties Community Unit School District <br> 100 Series B<br>| 4.00 | &nbsp;&nbsp; 1-1-2028 | 2100000 | &nbsp;&nbsp; 2163450 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series A | 5.00 | &nbsp;&nbsp; 12-1-2031 | 1710000 | &nbsp;&nbsp; 1751590 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 9

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **GO revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series A (NPFGC Insured) | 5.50<br> %<br>| &nbsp;&nbsp; 12-1-2026 | $1540000 | &nbsp;&nbsp; $1563003 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series B | 5.00 | &nbsp;&nbsp; 12-1-2025 | 2460000 | &nbsp;&nbsp; 2463977 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series B | 5.00 | &nbsp;&nbsp; 12-1-2032 | 1000000 | &nbsp;&nbsp; 1024668 |
| &nbsp;&nbsp;&nbsp; Chicago Park District Series A | 5.00 | &nbsp;&nbsp; 1-1-2028 | 1000000 | &nbsp;&nbsp; 1004295 |
| &nbsp;&nbsp;&nbsp; Chicago Park District Series A | 5.00 | &nbsp;&nbsp; 1-1-2031 | 1000000 | &nbsp;&nbsp; 1004137 |
| &nbsp;&nbsp;&nbsp; Chicago Park District Series B | 5.00 | &nbsp;&nbsp; 1-1-2029 | 1500000 | &nbsp;&nbsp; 1604958 |
| &nbsp;&nbsp;&nbsp; City of Chicago Series A | 5.00 | &nbsp;&nbsp; 1-1-2026 | 5000000 | &nbsp;&nbsp; 5022900 |
| &nbsp;&nbsp;&nbsp; City of Chicago Series A | 5.00 | &nbsp;&nbsp; 1-1-2027 | 6380000 | &nbsp;&nbsp; 6486866 |
| &nbsp;&nbsp;&nbsp; City of Chicago Series A | 5.00 | &nbsp;&nbsp; 1-1-2028 | 3000000 | &nbsp;&nbsp; 3091186 |
| &nbsp;&nbsp;&nbsp; City of Chicago Series A | 5.00 | &nbsp;&nbsp; 1-1-2029 | 340000 | &nbsp;&nbsp; 354587 |
| &nbsp;&nbsp;&nbsp; City of Chicago Series B | 4.00 | &nbsp;&nbsp; 1-1-2030 | 6316000 | &nbsp;&nbsp; 6390850 |
| &nbsp;&nbsp;&nbsp; City of Chicago Series B | 5.00 | &nbsp;&nbsp; 1-1-2031 | 4000000 | &nbsp;&nbsp; 4248096 |
| &nbsp;&nbsp;&nbsp; City of Chicago Series B | 5.00 | &nbsp;&nbsp; 1-1-2032 | 1500000 | &nbsp;&nbsp; 1595668 |
| &nbsp;&nbsp;&nbsp; City of Geneva | 4.00 | &nbsp;&nbsp; 2-1-2027 | 450000 | &nbsp;&nbsp; 457520 |
| &nbsp;&nbsp;&nbsp; City of Geneva | 4.00 | &nbsp;&nbsp; 2-1-2028 | 280000 | &nbsp;&nbsp; 288498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cook County Township High School District No. 227 Rich Township <br> Series B (BAM Insured)<br>| 4.00 | &nbsp;&nbsp; 12-1-2031 | 2000000 | &nbsp;&nbsp; 2079492 |
| &nbsp;&nbsp;&nbsp; County of Cook Series A | 5.00 | &nbsp;&nbsp; 11-15-2025 | 1200000 | &nbsp;&nbsp; 1203261 |
| &nbsp;&nbsp;&nbsp; County of Cook Series A | 5.00 | &nbsp;&nbsp; 11-15-2026 | 1950000 | &nbsp;&nbsp; 2003268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grundy Kendall & Will Counties Community High School District No. <br> 111 Minooka<br>| 4.00 | &nbsp;&nbsp; 5-1-2026 | 635000 | &nbsp;&nbsp; 639493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grundy Kendall & Will Counties Community High School District No. <br> 111 Minooka<br>| 4.00 | &nbsp;&nbsp; 5-1-2027 | 500000 | &nbsp;&nbsp; 509855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kane Cook & DuPage etc. Counties Community College District No. <br> 509 Elgin Series B<br>| 4.00 | &nbsp;&nbsp; 12-15-2026 | 960000 | &nbsp;&nbsp; 977365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kane Cook & DuPage etc. Counties Community College District No. <br> 509 Elgin Series B<br>| 4.00 | &nbsp;&nbsp; 12-15-2027 | 795000 | &nbsp;&nbsp; 821643 |
| &nbsp;&nbsp;&nbsp; Macon County School District No. 61 Decatur Series C (AG Insured) | 4.00 | &nbsp;&nbsp; 1-1-2027 | 600000 | &nbsp;&nbsp; 609569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monroe & St. Clair Counties Community Unit School District No. 4 <br> Columbia<br>| 5.50 | &nbsp;&nbsp; 7-1-2040 | 2175000 | &nbsp;&nbsp; 2176303 |
| &nbsp;&nbsp;&nbsp; State of Illinois Series A | 5.00 | &nbsp;&nbsp; 5-1-2032 | 2000000 | &nbsp;&nbsp; 2093191 |
| &nbsp;&nbsp;&nbsp; State of Illinois Series B | 5.00 | &nbsp;&nbsp; 5-1-2030 | 13500000 | &nbsp;&nbsp; 14774407 |
| &nbsp;&nbsp;&nbsp; State of Illinois Series D | 5.00 | &nbsp;&nbsp; 11-1-2027 | 9975000 | &nbsp;&nbsp; 10432247 |
| &nbsp;&nbsp;&nbsp; Village of Bolingbrook Series A (AG Insured) | 5.00 | &nbsp;&nbsp; 1-1-2030 | 1000000 | &nbsp;&nbsp; 1046126 |
| &nbsp;&nbsp;&nbsp; Village of Matteson Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 12-1-2025 | 500000 | &nbsp;&nbsp; 501077 |
| &nbsp;&nbsp;&nbsp; Village of Matteson Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 12-1-2027 | 575000 | &nbsp;&nbsp; 589041 |
| &nbsp;&nbsp;&nbsp; Village of Matteson Series B (BAM Insured) | 4.00 | &nbsp;&nbsp; 12-1-2025 | 400000 | &nbsp;&nbsp; 400862 |
| &nbsp;&nbsp;&nbsp; Village of Matteson Series C (BAM Insured) | 4.00 | &nbsp;&nbsp; 12-1-2026 | 200000 | &nbsp;&nbsp; 202476 |
| &nbsp;&nbsp;&nbsp; Village of Matteson Series C (BAM Insured) | 4.00 | &nbsp;&nbsp; 12-1-2027 | 300000 | &nbsp;&nbsp; 307135 |
|  |  |  |  | &nbsp;&nbsp; **81883060** |
| **Health revenue: 1.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Advocate Aurora Health Obligated Group <br> Series 2008 A-2<br>| 4.00 | &nbsp;&nbsp; 11-1-2030 | 2390000 | &nbsp;&nbsp; 2438571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Endeavor Health Clinical Operations <br> Obligated Group Series D (JPMorgan Chase Bank N.A. SPA)ø<br>| 3.40 | &nbsp;&nbsp; 8-15-2057 | 5700000 | &nbsp;&nbsp; 5700000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Northwestern Memorial Healthcare <br> Obligated Group Series C (Barclays Bank plc SPA)ø<br>| 3.80 | &nbsp;&nbsp; 7-15-2055 | 4000000 | &nbsp;&nbsp; 4000000 |

---

See accompanying notes to portfolio of investments

10 \| Allspring Short-Term Municipal Bond Fund

------

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; Illinois Finance Authority OSF Healthcare System Obligated Group <br> Series A<br>| 5.00<br> %<br>| &nbsp;&nbsp; 11-15-2027 | $800000 | &nbsp;&nbsp; $801266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority OSF Healthcare System Obligated Group <br> Series B-2øø<br>| 5.00 | &nbsp;&nbsp; 5-15-2050 | 4175000 | &nbsp;&nbsp; 4219317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Presbyterian Homes Obligated Group <br> Series B (SIFMA Municipal Swap+0.70%)±<br>| 3.59 | &nbsp;&nbsp; 5-1-2042 | 2250000 | &nbsp;&nbsp; 2238423 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority University of Illinois | 5.00 | &nbsp;&nbsp; 10-1-2025 | 500000 | &nbsp;&nbsp; 500000 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority University of Illinois | 5.00 | &nbsp;&nbsp; 10-1-2026 | 600000 | &nbsp;&nbsp; 609445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Washington & Jane Smith Community - <br> Orland Park<br>| 4.00 | &nbsp;&nbsp; 10-15-2026 | 465000 | &nbsp;&nbsp; 461512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Washington & Jane Smith Community - <br> Orland Park<br>| 4.00 | &nbsp;&nbsp; 10-15-2027 | 480000 | &nbsp;&nbsp; 474695 |
|  |  |  |  | &nbsp;&nbsp; **21443229** |
| **Housing revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority State of Illinois McCormick <br> Place Expansion Project Fund Series B<br>| 5.00 | &nbsp;&nbsp; 12-15-2030 | 1535000 | &nbsp;&nbsp; **1682930** |
| **Industrial development revenue: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Peoria Caterpillar, Inc.ø | 3.39 | &nbsp;&nbsp; 2-1-2030 | 4300000 | &nbsp;&nbsp; **4300000** |
| **Miscellaneous revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Chicago Lakeshore East Special Assessment Area144A | 3.04 | &nbsp;&nbsp; 12-1-2028 | 241000 | &nbsp;&nbsp; 234257 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2030 | 760000 | &nbsp;&nbsp; 819080 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2031 | 860000 | &nbsp;&nbsp; 936920 |
|  |  |  |  | &nbsp;&nbsp; **1990257** |
| **Tax revenue: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sales Tax Securitization Corp. Series A | 5.00 | &nbsp;&nbsp; 1-1-2028 | 5000000 | &nbsp;&nbsp; 5251683 |
| &nbsp;&nbsp;&nbsp; State of Illinois Sales Tax Revenue Series C | 4.00 | &nbsp;&nbsp; 6-15-2027 | 370000 | &nbsp;&nbsp; 372033 |
| &nbsp;&nbsp;&nbsp; State of Illinois Sales Tax Revenue Series C (BAM Insured) | 4.00 | &nbsp;&nbsp; 6-15-2030 | 890000 | &nbsp;&nbsp; 895492 |
| &nbsp;&nbsp;&nbsp; State of Illinois Sales Tax Revenue Series D | 5.00 | &nbsp;&nbsp; 6-15-2027 | 1275000 | &nbsp;&nbsp; 1291712 |
|  |  |  |  | &nbsp;&nbsp; **7810920** |
| **Transportation revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Illinois State Toll Highway Authority Series C | 5.00 | &nbsp;&nbsp; 1-1-2027 | 2050000 | &nbsp;&nbsp; **2111326** |
| **Water & sewer revenue: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Chicago Waterworks Revenue | 5.00 | &nbsp;&nbsp; 11-1-2028 | 2500000 | &nbsp;&nbsp; 2554848 |
| &nbsp;&nbsp;&nbsp; City of Chicago Waterworks Revenue (BAM Insured) | 5.00 | &nbsp;&nbsp; 11-1-2030 | 3500000 | &nbsp;&nbsp; 3584388 |
| &nbsp;&nbsp;&nbsp; City of Waukegan Water & Sewer System Revenue (AG Insured) | 5.00 | &nbsp;&nbsp; 12-30-2027 | 280000 | &nbsp;&nbsp; 294195 |
|  |  |  |  | &nbsp;&nbsp; **6433431** |
|  |  |  |  | &nbsp;&nbsp; **147295452** |
| **Indiana: 2.03%** |  |  |  |  |
| **Housing revenue: 0.91%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana Finance Authority Marion County Capital Improvement <br> Board Series A<br>| 5.00 | &nbsp;&nbsp; 2-1-2030 | 8080000 | &nbsp;&nbsp; 8826683 |
| &nbsp;&nbsp;&nbsp; Indiana Housing & CDA Vita Lifestyle - Lafayette LLCøø | 2.74 | &nbsp;&nbsp; 10-1-2045 | 3500000 | &nbsp;&nbsp; 3480564 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 11

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mishawaka RDA Consolidated Allocation Area (BAM Insured) | 5.00<br> %<br>| &nbsp;&nbsp; 2-15-2027 | $1025000 | &nbsp;&nbsp; $1058221 |
| &nbsp;&nbsp;&nbsp; Tippecanoe County School Building Corp. Series B | 5.00 | &nbsp;&nbsp; 1-15-2028 | 175000 | &nbsp;&nbsp; 184332 |
| &nbsp;&nbsp;&nbsp; Tippecanoe County School Building Corp. Series B | 5.00 | &nbsp;&nbsp; 7-15-2028 | 225000 | &nbsp;&nbsp; 239512 |
| &nbsp;&nbsp;&nbsp; Tippecanoe County School Building Corp. Series B | 5.00 | &nbsp;&nbsp; 1-15-2029 | 275000 | &nbsp;&nbsp; 295575 |
| &nbsp;&nbsp;&nbsp; Tippecanoe County School Building Corp. Series B | 5.00 | &nbsp;&nbsp; 1-15-2030 | 500000 | &nbsp;&nbsp; 547262 |
|  |  |  |  | &nbsp;&nbsp; **14632149** |
| **Industrial development revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Whiting BP Products North America, Inc. Series A AMTøø | 4.40 | &nbsp;&nbsp; 3-1-2046 | 1500000 | &nbsp;&nbsp; **1599468** |
| **Miscellaneous revenue: 0.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank Series A | 5.00 | &nbsp;&nbsp; 6-1-2026 | 3000000 | &nbsp;&nbsp; 3047262 |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank Series A | 5.00 | &nbsp;&nbsp; 6-1-2027 | 6000000 | &nbsp;&nbsp; 6247146 |
|  |  |  |  | &nbsp;&nbsp; **9294408** |
| **Utilities revenue: 0.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Rockport Indiana Michigan Power Co. Series Aøø | 3.70 | &nbsp;&nbsp; 6-1-2047 | 4250000 | &nbsp;&nbsp; 4361936 |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority Ohio Valley Electric Corp. Series A | 4.25 | &nbsp;&nbsp; 11-1-2030 | 2630000 | &nbsp;&nbsp; 2693587 |
|  |  |  |  | &nbsp;&nbsp; **7055523** |
|  |  |  |  | &nbsp;&nbsp; **32581548** |
| **Iowa: 0.19%** |  |  |  |  |
| **GO revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Indianola | 3.00 | &nbsp;&nbsp; 6-1-2027 | 855000 | &nbsp;&nbsp; 858297 |
| &nbsp;&nbsp;&nbsp; City of Indianola | 4.00 | &nbsp;&nbsp; 6-1-2028 | 880000 | &nbsp;&nbsp; 913379 |
|  |  |  |  | &nbsp;&nbsp; **1771676** |
| **Health revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Crawford County Memorial Hospital, Inc. BAN | 5.00 | &nbsp;&nbsp; 6-15-2027 | 1200000 | &nbsp;&nbsp; **1215241** |
|  |  |  |  | &nbsp;&nbsp; **2986917** |
| **Kansas: 0.72%** |  |  |  |  |
| **GO revenue: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Topeka Series A | 3.00 | &nbsp;&nbsp; 10-1-2026 | 1000000 | &nbsp;&nbsp; 1001536 |
| &nbsp;&nbsp;&nbsp; City of Valley Center Series 1 | 4.38 | &nbsp;&nbsp; 12-1-2025 | 4815000 | &nbsp;&nbsp; 4817396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvey County Unified School District 440 Halstead-Bentley (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 9-1-2029 | 185000 | &nbsp;&nbsp; 200082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvey County Unified School District 440 Halstead-Bentley (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 9-1-2030 | 125000 | &nbsp;&nbsp; 137492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvey County Unified School District 440 Halstead-Bentley (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 9-1-2031 | 300000 | &nbsp;&nbsp; 333730 |
|  |  |  |  | &nbsp;&nbsp; **6490236** |
| **Housing revenue: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Shawnee Union at Tower District LP Series Aøø | 3.75 | &nbsp;&nbsp; 5-1-2059 | 5000000 | &nbsp;&nbsp; **5053642** |
|  |  |  |  | &nbsp;&nbsp; **11543878** |

---

See accompanying notes to portfolio of investments

12 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Kentucky: 1.85%** |  |  |  |  |
| **Education revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Columbia Lindsey Wilson College, Inc. | 4.00<br> %<br>| &nbsp;&nbsp; 12-1-2027 | $525000 | &nbsp;&nbsp; $523241 |
| &nbsp;&nbsp;&nbsp; City of Columbia Lindsey Wilson College, Inc. | 4.00 | &nbsp;&nbsp; 12-1-2028 | 545000 | &nbsp;&nbsp; 540566 |
| &nbsp;&nbsp;&nbsp; Kentucky Bond Development Corp. Centre College | 4.00 | &nbsp;&nbsp; 6-1-2026 | 210000 | &nbsp;&nbsp; 211444 |
| &nbsp;&nbsp;&nbsp; Kentucky Bond Development Corp. Centre College | 4.00 | &nbsp;&nbsp; 6-1-2028 | 250000 | &nbsp;&nbsp; 256894 |
|  |  |  |  | &nbsp;&nbsp; **1532145** |
| **Industrial development revenue: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Boone Duke Energy Kentucky, Inc. Series A | 3.70 | &nbsp;&nbsp; 8-1-2027 | 2750000 | &nbsp;&nbsp; **2775607** |
| **Miscellaneous revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kentucky Interlocal School Transportation Association COP | 4.00 | &nbsp;&nbsp; 3-1-2027 | 1075000 | &nbsp;&nbsp; 1094523 |
| &nbsp;&nbsp;&nbsp; Kentucky Interlocal School Transportation Association COP | 4.00 | &nbsp;&nbsp; 3-1-2029 | 960000 | &nbsp;&nbsp; 981707 |
| &nbsp;&nbsp;&nbsp; Kentucky State University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 11-1-2027 | 160000 | &nbsp;&nbsp; 167615 |
| &nbsp;&nbsp;&nbsp; Kentucky State University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 11-1-2028 | 200000 | &nbsp;&nbsp; 213881 |
|  |  |  |  | &nbsp;&nbsp; **2457726** |
| **Utilities revenue: 1.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Trimble Louisville Gas & Electric Co. Series A AMTøø | 1.30 | &nbsp;&nbsp; 9-1-2044 | 6000000 | &nbsp;&nbsp; 5607610 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy Authority Series A-1 | 5.00 | &nbsp;&nbsp; 7-1-2029 | 1400000 | &nbsp;&nbsp; 1482638 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy Authority Series A-1øø | 5.25 | &nbsp;&nbsp; 4-1-2054 | 6000000 | &nbsp;&nbsp; 6574825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisville/Jefferson County Metropolitan Government Gas & <br> Electric Co. Series B AMT<br>| 1.35 | &nbsp;&nbsp; 11-1-2027 | 7500000 | &nbsp;&nbsp; 7180419 |
|  |  |  |  | &nbsp;&nbsp; **20845492** |
| **Water & sewer revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Owen American Water/Kentucky-American Water Co. <br> Obligated Groupøø<br>| 3.88 | &nbsp;&nbsp; 6-1-2040 | 2000000 | &nbsp;&nbsp; **2049515** |
|  |  |  |  | &nbsp;&nbsp; **29660485** |
| **Louisiana: 0.40%** |  |  |  |  |
| **Health revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana PFA Children's Medical Center Obligated Group <br> Series A3øø<br>| 5.00 | &nbsp;&nbsp; 6-1-2045 | 3250000 | &nbsp;&nbsp; **3409650** |
| **Housing revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Louisiana Housing Corp. King Oaks V LPøø | 2.70 | &nbsp;&nbsp; 10-1-2045 | 2000000 | &nbsp;&nbsp; **1986044** |
| **Water & sewer revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; East Baton Rouge Sewerage Commission Series Aøø | 1.30 | &nbsp;&nbsp; 2-1-2041 | 1000000 | &nbsp;&nbsp; **939156** |
|  |  |  |  | &nbsp;&nbsp; **6334850** |
| **Maine: 0.06%** |  |  |  |  |
| **Education revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance Authority of Maine Class A Series 2019A-1 AMT (AG <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 12-1-2025 | 425000 | &nbsp;&nbsp; **426155** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 13

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Health revenue: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maine Health & Higher Educational Facilities Authority Obligated <br> Group Series A<br>| 5.00<br> %<br>| &nbsp;&nbsp; 7-1-2026 | $500000 | &nbsp;&nbsp; $**508361** |
|  |  |  |  | &nbsp;&nbsp; **934516** |
| **Maryland: 1.03%** |  |  |  |  |
| **GO revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Maryland Series A | 4.00 | &nbsp;&nbsp; 3-15-2030 | 4000000 | &nbsp;&nbsp; **4082456** |
| **Health revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities Authority Luminis <br> Health Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 7-1-2031 | 3500000 | &nbsp;&nbsp; **3581788** |
| **Housing revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Economic Development Corp. PRG-Towson Place <br> Properties LLC Series A-1<br>| 5.00 | &nbsp;&nbsp; 6-1-2029 | 935000 | &nbsp;&nbsp; **991624** |
| **Transportation revenue: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Economic Development Corp. Purple Line Transit <br> Partners LLC Series A-P3 AMT<br>| 5.00 | &nbsp;&nbsp; 11-12-2028 | 6000000 | &nbsp;&nbsp; **6055127** |
| **Water & sewer revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington Suburban Sanitary Commission Series B BAN (TD Bank <br> N.A. SPA)ø<br>| 3.55 | &nbsp;&nbsp; 6-1-2027 | 1735000 | &nbsp;&nbsp; **1735000** |
|  |  |  |  | &nbsp;&nbsp; **16445995** |
| **Massachusetts: 0.41%** |  |  |  |  |
| **Education revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Springfield College <br> Series A<br>| 5.00 | &nbsp;&nbsp; 6-1-2026 | 420000 | &nbsp;&nbsp; 423581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Springfield College <br> Series A<br>| 5.00 | &nbsp;&nbsp; 6-1-2027 | 440000 | &nbsp;&nbsp; 445537 |
|  |  |  |  | &nbsp;&nbsp; **869118** |
| **GO revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Spencer East Brookfield Regional School District BAN | 3.75 | &nbsp;&nbsp; 12-18-2025 | 5000000 | &nbsp;&nbsp; **4996238** |
| **Health revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Tufts Medicine <br> Obligated Group Series C (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 10-1-2026 | 300000 | &nbsp;&nbsp; 306387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Tufts Medicine <br> Obligated Group Series C (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 10-1-2027 | 410000 | &nbsp;&nbsp; 430057 |
|  |  |  |  | &nbsp;&nbsp; **736444** |
|  |  |  |  | &nbsp;&nbsp; **6601800** |
| **Michigan: 1.86%** |  |  |  |  |
| **Airport revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Gerald R Ford International Airport Authority AMT | 5.00 | &nbsp;&nbsp; 1-1-2029 | 150000 | &nbsp;&nbsp; 160511 |
| &nbsp;&nbsp;&nbsp; Gerald R Ford International Airport Authority AMT | 5.00 | &nbsp;&nbsp; 1-1-2031 | 1110000 | &nbsp;&nbsp; 1223371 |
|  |  |  |  | &nbsp;&nbsp; **1383882** |

---

See accompanying notes to portfolio of investments

14 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Education revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Lake Superior State University (AG Insured) | 4.00<br> %<br>| &nbsp;&nbsp; 11-15-2026 | $390000 | &nbsp;&nbsp; $394721 |
| &nbsp;&nbsp;&nbsp; Lake Superior State University (AG Insured) | 4.00 | &nbsp;&nbsp; 11-15-2027 | 405000 | &nbsp;&nbsp; 414895 |
| &nbsp;&nbsp;&nbsp; Lake Superior State University (AG Insured) | 4.00 | &nbsp;&nbsp; 11-15-2028 | 405000 | &nbsp;&nbsp; 418206 |
|  |  |  |  | &nbsp;&nbsp; **1227822** |
| **GO revenue: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clawson Public Schools (QSBLF Insured) | 4.00 | &nbsp;&nbsp; 5-1-2026 | 285000 | &nbsp;&nbsp; 287595 |
| &nbsp;&nbsp;&nbsp; Clawson Public Schools (QSBLF Insured) | 4.00 | &nbsp;&nbsp; 5-1-2028 | 300000 | &nbsp;&nbsp; 311032 |
|  |  |  |  | &nbsp;&nbsp; **598627** |
| **Health revenue: 0.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan Finance Authority Bronson Health Care Group Obligated <br> Group Series Cøø<br>| 3.75 | &nbsp;&nbsp; 11-15-2049 | 7600000 | &nbsp;&nbsp; **7601762** |
| **Housing revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Michigan State Building Authority Series Iø | 2.99 | &nbsp;&nbsp; 4-15-2059 | 1990000 | &nbsp;&nbsp; 1990000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State Housing Development Authority Flats Phase I Ltd. <br> Dividend Housing Association LLCøø<br>| 3.80 | &nbsp;&nbsp; 7-1-2041 | 2250000 | &nbsp;&nbsp; 2255450 |
|  |  |  |  | &nbsp;&nbsp; **4245450** |
| **Industrial development revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Michigan Strategic Fund Consumers Energy Co. AMTøø | 3.35 | &nbsp;&nbsp; 10-1-2049 | 3000000 | &nbsp;&nbsp; 2983729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan Strategic Fund Graphic Packaging International LLC <br> AMTøø<br>| 4.00 | &nbsp;&nbsp; 10-1-2061 | 2000000 | &nbsp;&nbsp; 1998920 |
|  |  |  |  | &nbsp;&nbsp; **4982649** |
| **Utilities revenue: 0.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Michigan Strategic Fund DTE Electric Co. Series 2023DT AMTøø | 3.88 | &nbsp;&nbsp; 6-1-2053 | 10000000 | &nbsp;&nbsp; **9798764** |
|  |  |  |  | &nbsp;&nbsp; **29838956** |
| **Minnesota: 1.87%** |  |  |  |  |
| **GO revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Hennepin Series B (TD Bank N.A. SPA)ø | 2.85 | &nbsp;&nbsp; 12-1-2038 | 1500000 | &nbsp;&nbsp; **1500000** |
| **Health revenue: 1.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Maple Grove Hospital Corp. | 5.00 | &nbsp;&nbsp; 5-1-2031 | 1000000 | &nbsp;&nbsp; 1018432 |
| &nbsp;&nbsp;&nbsp; City of Minneapolis Allina Health Obligated Group Series Bøø | 5.00 | &nbsp;&nbsp; 11-15-2053 | 15935000 | &nbsp;&nbsp; 17356439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Minneapolis Fairview Health Services Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 11-15-2030 | 1000000 | &nbsp;&nbsp; 1001946 |
| &nbsp;&nbsp;&nbsp; City of Rochester Mayo Clinic Series Bøø | 5.00 | &nbsp;&nbsp; 11-15-2055 | 2500000 | &nbsp;&nbsp; 2801455 |
|  |  |  |  | &nbsp;&nbsp; **22178272** |
| **Housing revenue: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Forest Lake Kilkenny Senior Housing LP (FNMA LOC, FNMA <br> LIQ)ø<br>| 2.97 | &nbsp;&nbsp; 8-15-2038 | 1170000 | &nbsp;&nbsp; 1170000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Marshall Southwest & West Central Service Cooperatives <br> Series A<br>| 6.00 | &nbsp;&nbsp; 2-1-2026 | 180000 | &nbsp;&nbsp; 181231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Marshall Southwest & West Central Service Cooperatives <br> Series A<br>| 6.00 | &nbsp;&nbsp; 2-1-2027 | 330000 | &nbsp;&nbsp; 339526 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 15

------

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; City of Marshall Southwest & West Central Service Cooperatives <br> Series A<br>| 6.00<br> %<br>| &nbsp;&nbsp; 2-1-2028 | $345000 | &nbsp;&nbsp; $362958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Marshall Southwest & West Central Service Cooperatives <br> Series A<br>| 6.00 | &nbsp;&nbsp; 2-1-2029 | 370000 | &nbsp;&nbsp; 395721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Marshall Southwest & West Central Service Cooperatives <br> Series A<br>| 6.00 | &nbsp;&nbsp; 2-1-2030 | 390000 | &nbsp;&nbsp; 424347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Marshall Southwest & West Central Service Cooperatives <br> Series A<br>| 6.00 | &nbsp;&nbsp; 2-1-2031 | 415000 | &nbsp;&nbsp; 457695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minnesota Housing Finance Agency Series A-2 (Department of <br> Housing and Urban Development Insured)<br>| 3.88 | &nbsp;&nbsp; 8-1-2026 | 2000000 | &nbsp;&nbsp; 2000708 |
|  |  |  |  | &nbsp;&nbsp; **5332186** |
| **Utilities revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Minnesota Municipal Power Agency (AG Insured) | 5.00 | &nbsp;&nbsp; 1-1-2027 | 400000 | &nbsp;&nbsp; 411910 |
| &nbsp;&nbsp;&nbsp; Central Minnesota Municipal Power Agency (AG Insured) | 5.00 | &nbsp;&nbsp; 1-1-2028 | 500000 | &nbsp;&nbsp; 526998 |
|  |  |  |  | &nbsp;&nbsp; **938908** |
|  |  |  |  | &nbsp;&nbsp; **29949366** |
| **Mississippi: 0.01%** |  |  |  |  |
| **Industrial development revenue: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mississippi Business Finance Corp. Power Co. AMTø | 3.62 | &nbsp;&nbsp; 5-1-2028 | 120000 | &nbsp;&nbsp; **120000** |
| **Missouri: 1.34%** |  |  |  |  |
| **Education revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; HEFA of the State of Missouri Webster University | 5.00 | &nbsp;&nbsp; 4-1-2026 | 2630000 | &nbsp;&nbsp; **2608276** |
| **Health revenue: 0.71%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEFA of the State of Missouri BJC Healthcare Obligated Group <br> Series Cøø<br>| 5.00 | &nbsp;&nbsp; 5-1-2052 | 5000000 | &nbsp;&nbsp; 5292001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEFA of the State of Missouri Lutheran Senior Services Obligated <br> Group Series 2025A<br>| 5.00 | &nbsp;&nbsp; 2-1-2028 | 1865000 | &nbsp;&nbsp; 1925906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEFA of the State of Missouri SSM Health Care Obligated Group <br> Series Aøø<br>| 5.00 | &nbsp;&nbsp; 6-1-2039 | 3000000 | &nbsp;&nbsp; 3161001 |
| &nbsp;&nbsp;&nbsp; Joplin IDA Freeman Health System Obligated Group | 5.00 | &nbsp;&nbsp; 2-15-2031 | 850000 | &nbsp;&nbsp; 935618 |
|  |  |  |  | &nbsp;&nbsp; **11314526** |
| **Housing revenue: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Jackson Series A | 5.00 | &nbsp;&nbsp; 12-1-2026 | 2985000 | &nbsp;&nbsp; 3065326 |
| &nbsp;&nbsp;&nbsp; County of Jackson Series A | 5.00 | &nbsp;&nbsp; 12-1-2030 | 2040000 | &nbsp;&nbsp; 2267609 |
|  |  |  |  | &nbsp;&nbsp; **5332935** |
| **Industrial development revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Missouri State Environmental Improvement & Energy Resources <br> Authority Evergy Metro, Inc. AMTøø<br>| 4.05 | &nbsp;&nbsp; 5-1-2038 | 1625000 | &nbsp;&nbsp; **1641596** |
| **Miscellaneous revenue: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Barry COP | 5.00 | &nbsp;&nbsp; 10-1-2028 | 610000 | &nbsp;&nbsp; **638286** |
|  |  |  |  | &nbsp;&nbsp; **21535619** |

---

See accompanying notes to portfolio of investments

16 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Montana: 0.17%** |  |  |  |  |
| **Health revenue: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Montana Facility Finance Authority Billings Clinic Obligated Group <br> Series A<br>| 5.00<br> %<br>| &nbsp;&nbsp; 8-15-2027 | $500000 | &nbsp;&nbsp; $519634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Montana Facility Finance Authority Billings Clinic Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2028 | 2015000 | &nbsp;&nbsp; 2133711 |
|  |  |  |  | &nbsp;&nbsp; **2653345** |
| **Nebraska: 0.93%** |  |  |  |  |
| **Airport revenue: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Lincoln Airport Authority AMT | 5.00 | &nbsp;&nbsp; 7-1-2028 | 1000000 | &nbsp;&nbsp; **1049646** |
| **Health revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Douglas County Hospital Authority No. 2 Children's Hospital <br> Obligated Group Series Bøø<br>| 5.00 | &nbsp;&nbsp; 11-15-2053 | 3250000 | &nbsp;&nbsp; **3255776** |
| **Housing revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Lincoln Central at South Haymarket LPøø | 3.37 | &nbsp;&nbsp; 1-10-2048 | 5000000 | &nbsp;&nbsp; **5046699** |
| **Utilities revenue: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Plains Energy Project No. 3 Series A | 5.00 | &nbsp;&nbsp; 9-1-2031 | 1685000 | &nbsp;&nbsp; 1810361 |
| &nbsp;&nbsp;&nbsp; Central Plains Energy Project No. 4 Series Aøø | 5.00 | &nbsp;&nbsp; 5-1-2054 | 3500000 | &nbsp;&nbsp; 3749875 |
|  |  |  |  | &nbsp;&nbsp; **5560236** |
|  |  |  |  | &nbsp;&nbsp; **14912357** |
| **Nevada: 0.33%** |  |  |  |  |
| **GO revenue: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clark County School District Series B (AG Insured) | 5.00 | &nbsp;&nbsp; 6-15-2027 | 5000000 | &nbsp;&nbsp; **5221189** |
| **New Jersey: 0.94%** |  |  |  |  |
| **Education revenue: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance Authority <br> Series 1-A AMT<br>| 5.00 | &nbsp;&nbsp; 12-1-2030 | 2500000 | &nbsp;&nbsp; **2667033** |
| **GO revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Newark Board of Education (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-15-2027 | 350000 | &nbsp;&nbsp; 366154 |
| &nbsp;&nbsp;&nbsp; Newark Board of Education (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-15-2028 | 350000 | &nbsp;&nbsp; 372639 |
|  |  |  |  | &nbsp;&nbsp; **738793** |
| **Housing revenue: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New Jersey Health Care Facilities Financing Authority | 5.00 | &nbsp;&nbsp; 9-15-2026 | 2000000 | &nbsp;&nbsp; 2044940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey Housing & Mortgage Finance Agency Single-Family <br> Home Mortgage Series D AMT<br>| 2.90 | &nbsp;&nbsp; 10-1-2025 | 1200000 | &nbsp;&nbsp; 1200000 |
| &nbsp;&nbsp;&nbsp; New Jersey TTFA Series A-1 | 5.00 | &nbsp;&nbsp; 6-15-2030 | 3265000 | &nbsp;&nbsp; 3316922 |
|  |  |  |  | &nbsp;&nbsp; **6561862** |
| **Water & sewer revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New Jersey EDA American Water Co., Inc. Series B AMTøø | 3.75 | &nbsp;&nbsp; 11-1-2034 | 5000000 | &nbsp;&nbsp; **5042774** |
|  |  |  |  | &nbsp;&nbsp; **15010462** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 17

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **New Mexico: 1.28%** |  |  |  |  |
| **Housing revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Santa Fe Cresta Ranch Apartments LLPøø | 3.29<br> %<br>| &nbsp;&nbsp; 12-10-2049 | $4000000 | &nbsp;&nbsp; **$4022812** |
| **Industrial development revenue: 0.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Farmington Public Service Co. of New Mexico Series Døø | 3.90 | &nbsp;&nbsp; 6-1-2040 | 10000000 | &nbsp;&nbsp; **10140056** |
| **Utilities revenue: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New Mexico Municipal Energy Acquisition Authority | 5.00 | &nbsp;&nbsp; 5-1-2026 | 950000 | &nbsp;&nbsp; 959512 |
| &nbsp;&nbsp;&nbsp; New Mexico Municipal Energy Acquisition Authorityøø | 5.00 | &nbsp;&nbsp; 6-1-2054 | 5000000 | &nbsp;&nbsp; 5384119 |
|  |  |  |  | &nbsp;&nbsp; **6343631** |
|  |  |  |  | &nbsp;&nbsp; **20506499** |
| **New York: 10.34%** |  |  |  |  |
| **Airport revenue: 0.68%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Albany County Airport Authority Series B AMT | 5.00 | &nbsp;&nbsp; 12-15-2026 | 1070000 | &nbsp;&nbsp; 1095548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. JFK International Air <br> Terminal LLC AMT<br>| 5.00 | &nbsp;&nbsp; 12-1-2027 | 5000000 | &nbsp;&nbsp; 5210866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. JFK International Air <br> Terminal LLC Series A AMT<br>| 5.00 | &nbsp;&nbsp; 12-1-2026 | 490000 | &nbsp;&nbsp; 500818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. JFK International Air <br> Terminal LLC Series A AMT<br>| 5.00 | &nbsp;&nbsp; 12-1-2027 | 500000 | &nbsp;&nbsp; 521087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. JFK International Air <br> Terminal LLC Series A AMT<br>| 5.00 | &nbsp;&nbsp; 12-1-2028 | 500000 | &nbsp;&nbsp; 530311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. JFK International Air <br> Terminal LLC Series A AMT<br>| 5.00 | &nbsp;&nbsp; 12-1-2029 | 500000 | &nbsp;&nbsp; 538074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. LaGuardia Gateway <br> Partners LLC Series A-P3 AMT<br>| 4.00 | &nbsp;&nbsp; 7-1-2031 | 2525000 | &nbsp;&nbsp; 2525236 |
|  |  |  |  | &nbsp;&nbsp; **10921940** |
| **Education revenue: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hempstead Town Local Development Corp. Academy Charter <br> School Series A<br>| 4.05 | &nbsp;&nbsp; 2-1-2031 | 960000 | &nbsp;&nbsp; 932169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hempstead Town Local Development Corp. Academy Charter <br> School Series B<br>| 4.76 | &nbsp;&nbsp; 2-1-2027 | 700000 | &nbsp;&nbsp; 700826 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority Iona College Series 2022 | 5.00 | &nbsp;&nbsp; 7-1-2028 | 825000 | &nbsp;&nbsp; 866574 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority Pace University Series A | 5.25 | &nbsp;&nbsp; 5-1-2028 | 250000 | &nbsp;&nbsp; 262145 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority Pace University Series A | 5.25 | &nbsp;&nbsp; 5-1-2030 | 500000 | &nbsp;&nbsp; 539682 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority Pace University Series A | 5.25 | &nbsp;&nbsp; 5-1-2031 | 375000 | &nbsp;&nbsp; 408754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Lawrence County Industrial Development Agency University <br> Project<br>| 5.00 | &nbsp;&nbsp; 7-1-2026 | 400000 | &nbsp;&nbsp; 406389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Lawrence County Industrial Development Agency University <br> Project<br>| 5.00 | &nbsp;&nbsp; 7-1-2027 | 510000 | &nbsp;&nbsp; 529435 |
|  |  |  |  | &nbsp;&nbsp; **4645974** |
| **GO revenue: 2.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Cortland BAN | 4.50 | &nbsp;&nbsp; 5-15-2026 | 6000000 | &nbsp;&nbsp; 6015479 |
| &nbsp;&nbsp;&nbsp; City of Ithaca BAN | 4.25 | &nbsp;&nbsp; 2-13-2026 | 9740111 | &nbsp;&nbsp; 9768327 |
| &nbsp;&nbsp;&nbsp; City of Mount Vernon BAN144A | 5.00 | &nbsp;&nbsp; 5-29-2026 | 7533000 | &nbsp;&nbsp; 7584848 |
| &nbsp;&nbsp;&nbsp; City of New York Series D-3 (State Street Bank & Trust Co. SPA)ø | 3.50 | &nbsp;&nbsp; 5-1-2052 | 7000000 | &nbsp;&nbsp; 7000000 |

---

See accompanying notes to portfolio of investments

18 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **GO revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of New York Series G-2 (Bank of America N.A. SPA)ø | 3.50<br> %<br>| &nbsp;&nbsp; 2-1-2055 | $12000000 | &nbsp;&nbsp; $12000000 |
| &nbsp;&nbsp;&nbsp; City of Poughkeepsie | 4.00 | &nbsp;&nbsp; 4-15-2027 | 480000 | &nbsp;&nbsp; 480648 |
|  |  |  |  | &nbsp;&nbsp; **42849302** |
| **Health revenue: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broome County Local Development Corp. United Health Services <br> Hospitals Obligated Group (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 4-1-2026 | 500000 | &nbsp;&nbsp; 505019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broome County Local Development Corp. United Health Services <br> Hospitals Obligated Group (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 4-1-2027 | 950000 | &nbsp;&nbsp; 980398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monroe County Industrial Development Corp. Rochester Regional <br> Health Obligated Group<br>| 5.00 | &nbsp;&nbsp; 12-1-2031 | 1150000 | &nbsp;&nbsp; 1167409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Dormitory Authority Montefiore Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-1-2026 | 1000000 | &nbsp;&nbsp; 1015233 |
|  |  |  |  | &nbsp;&nbsp; **3668059** |
| **Housing revenue: 0.70%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp. Series A-2øø | 3.70 | &nbsp;&nbsp; 5-1-2063 | 5500000 | &nbsp;&nbsp; 5506316 |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp. Series G-2 AMT | 1.95 | &nbsp;&nbsp; 11-1-2025 | 520000 | &nbsp;&nbsp; 519557 |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp. Series G-2 AMT | 2.00 | &nbsp;&nbsp; 5-1-2026 | 535000 | &nbsp;&nbsp; 530175 |
| &nbsp;&nbsp;&nbsp; New York Liberty Development Corp. Series A | 1.20 | &nbsp;&nbsp; 11-15-2028 | 2500000 | &nbsp;&nbsp; 2296202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Housing Finance Agency Series J-2 (Department of <br> Housing and Urban Development Insured)øø<br>| 1.10 | &nbsp;&nbsp; 11-1-2061 | 2425000 | &nbsp;&nbsp; 2338858 |
|  |  |  |  | &nbsp;&nbsp; **11191108** |
| **Industrial development revenue: 0.86%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Delta Air Lines, Inc. <br> AMT<br>| 4.00 | &nbsp;&nbsp; 10-1-2030 | 2500000 | &nbsp;&nbsp; 2535051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Delta Air Lines, Inc. <br> AMT<br>| 5.00 | &nbsp;&nbsp; 1-1-2026 | 3965000 | &nbsp;&nbsp; 3979592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Delta Air Lines, Inc. <br> AMT<br>| 5.00 | &nbsp;&nbsp; 1-1-2027 | 2000000 | &nbsp;&nbsp; 2038831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Delta Air Lines, Inc. <br> AMT<br>| 5.00 | &nbsp;&nbsp; 1-1-2028 | 5000000 | &nbsp;&nbsp; 5176363 |
|  |  |  |  | &nbsp;&nbsp; **13729837** |
| **Miscellaneous revenue: 1.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Industrial Development Agency Queens Ballpark <br> Co. LLC Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 1-1-2030 | 1000000 | &nbsp;&nbsp; 1090484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Metropolitan Transportation <br> Authority Payroll Mobility Tax Revenue Series A-2øø<br>| 2.00 | &nbsp;&nbsp; 5-15-2045 | 6000000 | &nbsp;&nbsp; 5763482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Metropolitan Transportation <br> Authority Payroll Mobility Tax Revenue Series B<br>| 5.00 | &nbsp;&nbsp; 5-15-2026 | 10000000 | &nbsp;&nbsp; 10161552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Metropolitan Transportation <br> Authority Payroll Mobility Tax Revenue Series C<br>| 5.00 | &nbsp;&nbsp; 11-15-2031 | 3500000 | &nbsp;&nbsp; 3990019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Real Estate Transfer Tax <br> Series A<br>| 5.00 | &nbsp;&nbsp; 12-1-2029 | 750000 | &nbsp;&nbsp; 828812 |
|  |  |  |  | &nbsp;&nbsp; **21834349** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 19

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Resource recovery revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Environmental Facilities Corp. Casella Waste <br> Systems, Inc. Series R-1 AMT144Aøø<br>| 4.25<br> %<br>| &nbsp;&nbsp; 9-1-2050 | $1250000 | &nbsp;&nbsp; $1261536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Environmental Facilities Corp. Casella Waste <br> Systems, Inc. Series R-2 AMT144Aøø<br>| 5.13 | &nbsp;&nbsp; 9-1-2050 | 1200000 | &nbsp;&nbsp; 1250184 |
|  |  |  |  | &nbsp;&nbsp; **2511720** |
| **Tax revenue: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax Secured <br> Revenue Series A4 (Bank of America N.A. SPA)ø<br>| 3.50 | &nbsp;&nbsp; 8-1-2041 | 600000 | &nbsp;&nbsp; 600000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax Secured <br> Revenue Series A-2 (Bank of America N.A. SPA)ø<br>| 3.50 | &nbsp;&nbsp; 5-1-2055 | 5000000 | &nbsp;&nbsp; 5000000 |
|  |  |  |  | &nbsp;&nbsp; **5600000** |
| **Transportation revenue: 1.93%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Series A | 5.00 | &nbsp;&nbsp; 11-15-2031 | 4000000 | &nbsp;&nbsp; 4466415 |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Series A2 | 5.00 | &nbsp;&nbsp; 11-15-2028 | 3500000 | &nbsp;&nbsp; 3589263 |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Series A-2øø | 5.00 | &nbsp;&nbsp; 11-15-2045 | 8310000 | &nbsp;&nbsp; 8960921 |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Series B | 5.00 | &nbsp;&nbsp; 11-15-2028 | 365000 | &nbsp;&nbsp; 390019 |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Series B | 5.00 | &nbsp;&nbsp; 11-15-2031 | 8000000 | &nbsp;&nbsp; 8932829 |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Series D | 5.00 | &nbsp;&nbsp; 11-15-2026 | 4475000 | &nbsp;&nbsp; 4586629 |
|  |  |  |  | &nbsp;&nbsp; **30926076** |
| **Utilities revenue: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Long Island Power Authority Series Bøø | 1.50 | &nbsp;&nbsp; 9-1-2051 | 5590000 | &nbsp;&nbsp; **5506148** |
| **Water & sewer revenue: 0.77%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority Water & Sewer <br> System Series BB-1 (Bank of America N.A. SPA)ø<br>| 3.50 | &nbsp;&nbsp; 6-15-2049 | 10000000 | &nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority Water & Sewer <br> System Series DD<br>| 5.00 | &nbsp;&nbsp; 6-15-2026 | 2225000 | &nbsp;&nbsp; 2263974 |
|  |  |  |  | &nbsp;&nbsp; **12263974** |
|  |  |  |  | &nbsp;&nbsp; **165648487** |
| **North Carolina: 0.84%** |  |  |  |  |
| **Health revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte-Mecklenburg Hospital Authority Atrium Health Obligated <br> Group Series Eøø<br>| 0.80 | &nbsp;&nbsp; 1-15-2048 | 1500000 | &nbsp;&nbsp; 1497010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission Lutheran Services for the <br> Aging, Inc. Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 3-1-2026 | 245000 | &nbsp;&nbsp; 245925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission Lutheran Services for the <br> Aging, Inc. Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 3-1-2027 | 295000 | &nbsp;&nbsp; 299507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission Lutheran Services for the <br> Aging, Inc. Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 3-1-2028 | 305000 | &nbsp;&nbsp; 313492 |
|  |  |  |  | &nbsp;&nbsp; **2355934** |
| **Housing revenue: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Capital Facilities Finance Agency Obligated Group <br> Series A (Department of Housing and Urban Development <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 10-1-2028 | 1155000 | &nbsp;&nbsp; **1170684** |

---

See accompanying notes to portfolio of investments

20 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Resource recovery revenue: 0.62%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Capital Facilities Finance Agency Republic Services, <br> Inc. AMTøø<br>| 3.55<br> %<br>| &nbsp;&nbsp; 6-1-2038 | $10000000 | &nbsp;&nbsp; $**10000000** |
|  |  |  |  | &nbsp;&nbsp; **13526618** |
| **North Dakota: 0.60%** |  |  |  |  |
| **Health revenue: 0.60%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Grand Forks Altru Health System Obligated Group | 5.00 | &nbsp;&nbsp; 12-1-2025 | 380000 | &nbsp;&nbsp; 380475 |
| &nbsp;&nbsp;&nbsp; City of Grand Forks Altru Health System Obligated Group | 5.00 | &nbsp;&nbsp; 12-1-2026 | 435000 | &nbsp;&nbsp; 442828 |
| &nbsp;&nbsp;&nbsp; City of Grand Forks Altru Health System Obligated Group | 5.00 | &nbsp;&nbsp; 12-1-2027 | 1125000 | &nbsp;&nbsp; 1161904 |
| &nbsp;&nbsp;&nbsp; City of Grand Forks Altru Health System Obligated Group | 5.00 | &nbsp;&nbsp; 12-1-2028 | 1525000 | &nbsp;&nbsp; 1595358 |
| &nbsp;&nbsp;&nbsp; City of Grand Forks Altru Health System Obligated Group | 5.00 | &nbsp;&nbsp; 12-1-2029 | 1750000 | &nbsp;&nbsp; 1850247 |
| &nbsp;&nbsp;&nbsp; City of Grand Forks Altru Health System Obligated Group | 5.00 | &nbsp;&nbsp; 12-1-2030 | 3410000 | &nbsp;&nbsp; 3640329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Grand Forks Altru Health System Obligated Group Series A <br> (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 12-1-2030 | 200000 | &nbsp;&nbsp; 217444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Grand Forks Altru Health System Obligated Group Series A <br> (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 12-1-2031 | 325000 | &nbsp;&nbsp; 355536 |
|  |  |  |  | &nbsp;&nbsp; **9644121** |
| **Ohio: 4.30%** |  |  |  |  |
| **Airport revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Columbus Regional Airport Authority Series A AMT | 5.00 | &nbsp;&nbsp; 1-1-2030 | 3000000 | &nbsp;&nbsp; **3232264** |
| **GO revenue: 0.54%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Cleveland Series A | 5.00 | &nbsp;&nbsp; 12-1-2026 | 3610000 | &nbsp;&nbsp; 3623755 |
| &nbsp;&nbsp;&nbsp; City of Fairview Park BAN | 5.00 | &nbsp;&nbsp; 11-13-2025 | 5000000 | &nbsp;&nbsp; 5008883 |
|  |  |  |  | &nbsp;&nbsp; **8632638** |
| **Health revenue: 1.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akron Bath Copley Joint Township Hospital District Summa Health <br> System Obligated Group<br>| 5.00 | &nbsp;&nbsp; 11-15-2025 | 495000 | &nbsp;&nbsp; 495921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Allen Hospital Facilities Revenue Bon Secours Mercy <br> Health, Inc. Series B-1øø<br>| 5.00 | &nbsp;&nbsp; 10-1-2049 | 10000000 | &nbsp;&nbsp; 10347081 |
| &nbsp;&nbsp;&nbsp; County of Hamilton UC Health Obligated Group | 5.00 | &nbsp;&nbsp; 9-15-2026 | 655000 | &nbsp;&nbsp; 662150 |
| &nbsp;&nbsp;&nbsp; State of Ohio Premier Health Partners Obligated Group | 5.00 | &nbsp;&nbsp; 11-15-2025 | 265000 | &nbsp;&nbsp; 265440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Ohio University Hospitals Health System, Inc. Obligated <br> Group Series Bø<br>| 3.15 | &nbsp;&nbsp; 1-15-2049 | 12400000 | &nbsp;&nbsp; 12400000 |
|  |  |  |  | &nbsp;&nbsp; **24170592** |
| **Housing revenue: 1.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cuyahoga Metropolitan Housing Authority Wade Park LP (FHA <br> Insured)øø<br>| 4.75 | &nbsp;&nbsp; 12-1-2027 | 4000000 | &nbsp;&nbsp; 4010229 |
| &nbsp;&nbsp;&nbsp; Ohio Housing Finance Agency At Main LLCøø | 3.70 | &nbsp;&nbsp; 11-1-2047 | 1800000 | &nbsp;&nbsp; 1822109 |
| &nbsp;&nbsp;&nbsp; State of Ohio Series Cø | 2.80 | &nbsp;&nbsp; 10-1-2036 | 6065000 | &nbsp;&nbsp; 6065000 |
| &nbsp;&nbsp;&nbsp; Summit County Development Finance Authority RC Heights LLCøø | 2.80 | &nbsp;&nbsp; 10-1-2044 | 4300000 | &nbsp;&nbsp; 4267918 |
|  |  |  |  | &nbsp;&nbsp; **16165256** |
| **Industrial development revenue: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ohio Air Quality Development Authority Valley Electric Corp. <br> Series A<br>| 2.88 | &nbsp;&nbsp; 2-1-2026 | 3750000 | &nbsp;&nbsp; **3740653** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 21

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Miscellaneous revenue: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dayton City School District COP | 3.00<br> %<br>| &nbsp;&nbsp; 12-1-2026 | $180000 | &nbsp;&nbsp; $180181 |
| &nbsp;&nbsp;&nbsp; Dayton City School District COP | 3.00 | &nbsp;&nbsp; 12-1-2027 | 270000 | &nbsp;&nbsp; 270677 |
| &nbsp;&nbsp;&nbsp; Dayton City School District COP | 4.00 | &nbsp;&nbsp; 12-1-2028 | 230000 | &nbsp;&nbsp; 237711 |
|  |  |  |  | &nbsp;&nbsp; **688569** |
| **Tax revenue: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Akron Income Tax Revenue | 4.00 | &nbsp;&nbsp; 12-1-2027 | 3540000 | &nbsp;&nbsp; 3641492 |
| &nbsp;&nbsp;&nbsp; City of Akron Income Tax Revenue | 4.00 | &nbsp;&nbsp; 12-1-2028 | 2000000 | &nbsp;&nbsp; 2082452 |
|  |  |  |  | &nbsp;&nbsp; **5723944** |
| **Utilities revenue: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Municipal Power, Inc. AMP Fremont Energy Center <br> Revenue Series A<br>| 5.00 | &nbsp;&nbsp; 2-15-2027 | 400000 | &nbsp;&nbsp; 413184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Municipal Power, Inc. AMP Fremont Energy Center <br> Revenue Series A<br>| 5.00 | &nbsp;&nbsp; 2-15-2029 | 350000 | &nbsp;&nbsp; 377231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Municipal Power, Inc. Combined Hydroelectric Revenue <br> Series A<br>| 5.00 | &nbsp;&nbsp; 2-15-2026 | 1500000 | &nbsp;&nbsp; 1513027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Municipal Power, Inc. Combined Hydroelectric Revenue <br> Series A<br>| 5.00 | &nbsp;&nbsp; 2-15-2027 | 1600000 | &nbsp;&nbsp; 1652734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ohio Air Quality Development Authority Dayton Power & Light Co. <br> Series A AMTøø<br>| 4.25 | &nbsp;&nbsp; 11-1-2040 | 2550000 | &nbsp;&nbsp; 2607399 |
|  |  |  |  | &nbsp;&nbsp; **6563575** |
|  |  |  |  | &nbsp;&nbsp; **68917491** |
| **Oklahoma: 1.71%** |  |  |  |  |
| **Health revenue: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Comanche County Hospital Authority | 5.00 | &nbsp;&nbsp; 7-1-2027 | 1800000 | &nbsp;&nbsp; 1800878 |
| &nbsp;&nbsp;&nbsp; Comanche County Hospital Authority | 5.00 | &nbsp;&nbsp; 7-1-2029 | 500000 | &nbsp;&nbsp; 500246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority INTEGRIS Health <br> Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2031 | 2000000 | &nbsp;&nbsp; 2003567 |
|  |  |  |  | &nbsp;&nbsp; **4304691** |
| **Housing revenue: 1.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland County Educational Facilities Authority Independent <br> School District No. 29 Norman Series A<br>| 5.00 | &nbsp;&nbsp; 6-1-2030 | 2540000 | &nbsp;&nbsp; 2792869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Creek County Educational Facilities Authority Independent School <br> District No. 2 Bristow<br>| 5.00 | &nbsp;&nbsp; 9-1-2031 | 3900000 | &nbsp;&nbsp; 4265274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kingfisher Special Projects Authority Independent School District <br> No. 7<br>| 4.00 | &nbsp;&nbsp; 3-1-2026 | 2005000 | &nbsp;&nbsp; 2013761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McIntosh County Educational Facilities Authority Independent <br> School District No. 19 Checotah<br>| 2.00 | &nbsp;&nbsp; 9-1-2027 | 415000 | &nbsp;&nbsp; 401542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County Finance Authority Independent School District <br> No. 41 Western Heights<br>| 5.00 | &nbsp;&nbsp; 9-1-2030 | 2120000 | &nbsp;&nbsp; 2249734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County Finance Authority Independent School District <br> No. 41 Western Heights<br>| 5.00 | &nbsp;&nbsp; 9-1-2031 | 1250000 | &nbsp;&nbsp; 1326950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County Finance Authority Independent School District <br> No. 9 Jones<br>| 4.00 | &nbsp;&nbsp; 9-1-2026 | 590000 | &nbsp;&nbsp; 594795 |
| &nbsp;&nbsp;&nbsp; Oklahoma Industries Authority Independent School District No. 89 | 5.00 | &nbsp;&nbsp; 4-1-2030 | 3500000 | &nbsp;&nbsp; 3843672 |

---

See accompanying notes to portfolio of investments

22 \| Allspring Short-Term Municipal Bond 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; Tulsa County Industrial Authority Independent School District No. <br> 13 Glenpool<br>| 5.00<br> %<br>| &nbsp;&nbsp; 9-1-2030 | $460000 | &nbsp;&nbsp; $509760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tulsa County Industrial Authority Independent School District No. <br> 13 Glenpool<br>| 5.00 | &nbsp;&nbsp; 9-1-2031 | 500000 | &nbsp;&nbsp; 560835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tulsa County Industrial Authority Independent School District No. 3 <br> Broken Arrow<br>| 5.00 | &nbsp;&nbsp; 9-1-2031 | 835000 | &nbsp;&nbsp; 936594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington County Educational Facilities Authority Independent <br> School District No. 7 Dewey<br>| 5.00 | &nbsp;&nbsp; 9-1-2031 | 445000 | &nbsp;&nbsp; 476258 |
| &nbsp;&nbsp;&nbsp; Weatherford Industrial Trust Independent School District No. 26 | 5.00 | &nbsp;&nbsp; 3-1-2027 | 1475000 | &nbsp;&nbsp; 1515895 |
|  |  |  |  | &nbsp;&nbsp; **21487939** |
| **Miscellaneous revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kay County Public Buildings Authority Sales Tax Revenue | 2.38 | &nbsp;&nbsp; 4-1-2026 | 750000 | &nbsp;&nbsp; **742731** |
| **Tax revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Jackson County Facilities Authority Courthouse Project | 4.00 | &nbsp;&nbsp; 10-1-2027 | 810000 | &nbsp;&nbsp; **827385** |
|  |  |  |  | &nbsp;&nbsp; **27362746** |
| **Oregon: 1.83%** |  |  |  |  |
| **Airport revenue: 0.76%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Port of Portland Airport Revenue Series 26-C AMT | 5.00 | &nbsp;&nbsp; 7-1-2026 | 1240000 | &nbsp;&nbsp; 1259065 |
| &nbsp;&nbsp;&nbsp; Port of Portland Airport Revenue Series 30A AMT | 5.00 | &nbsp;&nbsp; 7-1-2030 | 10000000 | &nbsp;&nbsp; 10932493 |
|  |  |  |  | &nbsp;&nbsp; **12191558** |
| **GO revenue: 0.75%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Port of Morrow Series A | 4.00 | &nbsp;&nbsp; 6-1-2026 | 345000 | &nbsp;&nbsp; 346939 |
| &nbsp;&nbsp;&nbsp; Port of Morrow Series A | 4.00 | &nbsp;&nbsp; 6-1-2027 | 535000 | &nbsp;&nbsp; 542735 |
| &nbsp;&nbsp;&nbsp; State of Oregon Article XI-Q State Projects Series A | 5.00 | &nbsp;&nbsp; 5-1-2028 | 10485000 | &nbsp;&nbsp; 11191200 |
|  |  |  |  | &nbsp;&nbsp; **12080874** |
| **Industrial development revenue: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oregon State Business Development Commission Intel Corp. <br> Series 232øø<br>| 3.80 | &nbsp;&nbsp; 12-1-2040 | 5000000 | &nbsp;&nbsp; **5065430** |
|  |  |  |  | &nbsp;&nbsp; **29337862** |
| **Pennsylvania: 5.66%** |  |  |  |  |
| **Airport revenue: 0.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allegheny County Airport Authority Series A AMT | 5.00 | &nbsp;&nbsp; 1-1-2027 | 2000000 | &nbsp;&nbsp; 2048594 |
| &nbsp;&nbsp;&nbsp; Allegheny County Airport Authority Series A AMT | 5.00 | &nbsp;&nbsp; 1-1-2028 | 2000000 | &nbsp;&nbsp; 2091877 |
| &nbsp;&nbsp;&nbsp; City of Philadelphia Airport Revenue Series A | 5.00 | &nbsp;&nbsp; 7-1-2026 | 1160000 | &nbsp;&nbsp; 1180703 |
| &nbsp;&nbsp;&nbsp; City of Philadelphia Airport Revenue Series A | 5.00 | &nbsp;&nbsp; 7-1-2027 | 1400000 | &nbsp;&nbsp; 1459951 |
|  |  |  |  | &nbsp;&nbsp; **6781125** |
| **Education revenue: 0.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Huntingdon County General Authority Juniata College Series T | 5.00 | &nbsp;&nbsp; 10-1-2027 | 385000 | &nbsp;&nbsp; 396153 |
| &nbsp;&nbsp;&nbsp; Huntingdon County General Authority Juniata College Series T | 5.00 | &nbsp;&nbsp; 10-1-2028 | 415000 | &nbsp;&nbsp; 432289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lehigh County General Purpose Authority Valley Academy Regional <br> Charter School<br>| 4.00 | &nbsp;&nbsp; 6-1-2026 | 1005000 | &nbsp;&nbsp; 1007087 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 23

------

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; Lehigh County General Purpose Authority Valley Academy Regional <br> Charter School<br>| 4.00<br> %<br>| &nbsp;&nbsp; 6-1-2028 | $1090000 | &nbsp;&nbsp; $1103366 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Education Assistance Agency Series A | 5.00 | &nbsp;&nbsp; 6-1-2026 | 1475000 | &nbsp;&nbsp; 1488937 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Education Assistance Agency Series A | 5.00 | &nbsp;&nbsp; 6-1-2028 | 500000 | &nbsp;&nbsp; 516446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority Drexel <br> University Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 5-1-2029 | 1115000 | &nbsp;&nbsp; 1199507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority Drexel <br> University Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 5-1-2030 | 1795000 | &nbsp;&nbsp; 1965389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority York College <br> Series T4øø<br>| 4.50 | &nbsp;&nbsp; 5-1-2033 | 2985000 | &nbsp;&nbsp; 2998289 |
| &nbsp;&nbsp;&nbsp; Philadelphia IDA Frankford Valley Foundation for Literacy144A | 4.50 | &nbsp;&nbsp; 6-15-2029 | 1395000 | &nbsp;&nbsp; 1409176 |
|  |  |  |  | &nbsp;&nbsp; **12516639** |
| **GO revenue: 0.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allentown City School District (BAM Insured) | 5.00 | &nbsp;&nbsp; 2-1-2027 | 3875000 | &nbsp;&nbsp; 3978832 |
| &nbsp;&nbsp;&nbsp; Borough of Dunmore Series A (AG Insured) | 2.00 | &nbsp;&nbsp; 9-1-2027 | 200000 | &nbsp;&nbsp; 195133 |
| &nbsp;&nbsp;&nbsp; Borough of Dunmore Series A (AG Insured) | 2.00 | &nbsp;&nbsp; 9-1-2028 | 220000 | &nbsp;&nbsp; 211678 |
| &nbsp;&nbsp;&nbsp; Butler Area School District (AG Insured) | 5.00 | &nbsp;&nbsp; 10-1-2025 | 4695000 | &nbsp;&nbsp; 4695000 |
| &nbsp;&nbsp;&nbsp; City of Oil City Series A (AG Insured) | 4.00 | &nbsp;&nbsp; 12-1-2026 | 200000 | &nbsp;&nbsp; 203170 |
| &nbsp;&nbsp;&nbsp; City of Oil City Series A (AG Insured) | 4.00 | &nbsp;&nbsp; 12-1-2027 | 195000 | &nbsp;&nbsp; 200637 |
| &nbsp;&nbsp;&nbsp; City of Oil City Series A (AG Insured) | 4.00 | &nbsp;&nbsp; 12-1-2028 | 200000 | &nbsp;&nbsp; 207696 |
| &nbsp;&nbsp;&nbsp; Laurel Highlands School District (BAM Insured) | 4.00 | &nbsp;&nbsp; 2-1-2027 | 1325000 | &nbsp;&nbsp; 1345749 |
|  |  |  |  | &nbsp;&nbsp; **11037895** |
| **Health revenue: 2.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Doylestown Hospital Authority Obligated Group Series A | 5.00 | &nbsp;&nbsp; 7-1-2027 | 1305000 | &nbsp;&nbsp; 1306783 |
| &nbsp;&nbsp;&nbsp; Geisinger Authority Kaiser Obligated Group Series Bøø | 5.00 | &nbsp;&nbsp; 4-1-2043 | 10000000 | &nbsp;&nbsp; 10195669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson County Hospital Authority Punxsutawney Area Hospital, <br> Inc.144A<br>| 4.50 | &nbsp;&nbsp; 1-15-2027 | 7000000 | &nbsp;&nbsp; 7030983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lancaster County Hospital Authority Masonic Villages of the Grand <br> Lodge of Pennsylvania<br>| 5.00 | &nbsp;&nbsp; 11-1-2030 | 2030000 | &nbsp;&nbsp; 2184010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lancaster Municipal Authority Garden Spot Village Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 5-1-2029 | 190000 | &nbsp;&nbsp; 201194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lancaster Municipal Authority Garden Spot Village Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 5-1-2031 | 210000 | &nbsp;&nbsp; 227053 |
| &nbsp;&nbsp;&nbsp; Monroeville Finance Authority UPMC Obligated Group Series C | 5.00 | &nbsp;&nbsp; 5-15-2029 | 440000 | &nbsp;&nbsp; 475216 |
| &nbsp;&nbsp;&nbsp; Monroeville Finance Authority UPMC Obligated Group Series C | 5.00 | &nbsp;&nbsp; 5-15-2030 | 515000 | &nbsp;&nbsp; 565811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority Thomas <br> Jefferson University Obligated Group Series D-1 (Bank of <br> America N.A. LOC)ø<br>| 3.50 | &nbsp;&nbsp; 11-1-2061 | 15000000 | &nbsp;&nbsp; 15000000 |
| &nbsp;&nbsp;&nbsp; Westmoreland County IDA Excela Health Obligated Group Series A | 5.00 | &nbsp;&nbsp; 7-1-2029 | 1935000 | &nbsp;&nbsp; 2033082 |
|  |  |  |  | &nbsp;&nbsp; **39219801** |
| **Housing revenue: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Pennsylvania EDFA Bridges Finco LP | 5.00 | &nbsp;&nbsp; 12-31-2030 | 1835000 | &nbsp;&nbsp; 1854545 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency Series 125A AMT | 2.38 | &nbsp;&nbsp; 10-1-2025 | 1795000 | &nbsp;&nbsp; 1795000 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency Series 128A AMT | 4.75 | &nbsp;&nbsp; 4-1-2033 | 510000 | &nbsp;&nbsp; 510754 |

---

See accompanying notes to portfolio of investments

24 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency Series 137 | 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2025 | $220000 | &nbsp;&nbsp; $220000 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency Series 137 | 5.00 | &nbsp;&nbsp; 4-1-2026 | 240000 | &nbsp;&nbsp; 242685 |
|  |  |  |  | &nbsp;&nbsp; **4622984** |
| **Miscellaneous revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Pennsylvania EDFA Philadelphia Water Department | 4.00 | &nbsp;&nbsp; 1-1-2026 | 615000 | &nbsp;&nbsp; 615885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sports & Exhibition Authority of Pittsburgh & Allegheny County <br> Regional Asset District Sales Tax Revenue (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 2-1-2026 | 2000000 | &nbsp;&nbsp; 2014935 |
|  |  |  |  | &nbsp;&nbsp; **2630820** |
| **Tax revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development <br> Authority<br>| 5.00 | &nbsp;&nbsp; 5-1-2026 | 500000 | &nbsp;&nbsp; 503310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development <br> Authority<br>| 5.00 | &nbsp;&nbsp; 5-1-2027 | 500000 | &nbsp;&nbsp; 513359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development <br> Authority<br>| 5.00 | &nbsp;&nbsp; 5-1-2028 | 500000 | &nbsp;&nbsp; 522338 |
|  |  |  |  | &nbsp;&nbsp; **1539007** |
| **Transportation revenue: 0.70%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Lancaster City Parking Authority Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 9-1-2026 | 545000 | &nbsp;&nbsp; 550465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania Turnpike Commission Registration Fee Revenue <br> (SIFMA Municipal Swap+0.85%)±<br>| 3.74 | &nbsp;&nbsp; 7-15-2041 | 8500000 | &nbsp;&nbsp; 8488193 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Turnpike Commission (TD Bank N.A. LOC)ø | 2.95 | &nbsp;&nbsp; 12-1-2039 | 1500000 | &nbsp;&nbsp; 1500000 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Turnpike Commission Series B | 5.00 | &nbsp;&nbsp; 12-1-2025 | 300000 | &nbsp;&nbsp; 301095 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Turnpike Commission Series B | 5.00 | &nbsp;&nbsp; 12-1-2026 | 350000 | &nbsp;&nbsp; 360158 |
|  |  |  |  | &nbsp;&nbsp; **11199911** |
| **Water & sewer revenue: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allegheny County Sanitary Authority Series A | 5.00 | &nbsp;&nbsp; 6-1-2026 | 850000 | &nbsp;&nbsp; 863732 |
| &nbsp;&nbsp;&nbsp; Allegheny County Sanitary Authority Series A | 5.00 | &nbsp;&nbsp; 6-1-2027 | 300000 | &nbsp;&nbsp; 312407 |
|  |  |  |  | &nbsp;&nbsp; **1176139** |
|  |  |  |  | &nbsp;&nbsp; **90724321** |
| **Rhode Island: 0.10%** |  |  |  |  |
| **Housing revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Providence Public Building Authority Capital Improvement Program <br> Projects Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 9-15-2030 | 1500000 | &nbsp;&nbsp; **1650862** |
| **South Carolina: 0.36%** |  |  |  |  |
| **GO revenue: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Colleton General Obligation Capital Project (BAM <br> Insured)<br>| 4.00 | &nbsp;&nbsp; 7-1-2027 | 3535000 | &nbsp;&nbsp; **3628067** |
| **Health revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Carolina Jobs-EDA Beaufort Memorial Hospital Obligated <br> Group<br>| 5.00 | &nbsp;&nbsp; 11-15-2030 | 250000 | &nbsp;&nbsp; **265610** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 25

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority Series A | 5.00<br> %<br>| &nbsp;&nbsp; 12-1-2031 | $850000 | &nbsp;&nbsp; $952851 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority Series C | 5.00 | &nbsp;&nbsp; 12-1-2026 | 400000 | &nbsp;&nbsp; 410811 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority Series C | 5.00 | &nbsp;&nbsp; 12-1-2027 | 420000 | &nbsp;&nbsp; 442212 |
|  |  |  |  | &nbsp;&nbsp; **1805874** |
|  |  |  |  | &nbsp;&nbsp; **5699551** |
| **Tennessee: 2.02%** |  |  |  |  |
| **Airport revenue: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Nashville Airport Authority Series B AMT | 5.00 | &nbsp;&nbsp; 7-1-2027 | 675000 | &nbsp;&nbsp; 698963 |
| &nbsp;&nbsp;&nbsp; Metropolitan Nashville Airport Authority Series B AMT | 5.00 | &nbsp;&nbsp; 7-1-2028 | 1000000 | &nbsp;&nbsp; 1056508 |
| &nbsp;&nbsp;&nbsp; Metropolitan Nashville Airport Authority Series B AMT | 5.00 | &nbsp;&nbsp; 7-1-2029 | 2675000 | &nbsp;&nbsp; 2869664 |
|  |  |  |  | &nbsp;&nbsp; **4625135** |
| **Health revenue: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Jackson West Tennessee Healthcare Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 4-1-2029 | 770000 | &nbsp;&nbsp; 808058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shelby County Health Educational & Housing Facilities Board <br> Methodist Le Bonheur Healthcare Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 5-1-2028 | 330000 | &nbsp;&nbsp; 339064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shelby County Health Educational & Housing Facilities Board <br> Methodist Le Bonheur Healthcare Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 5-1-2029 | 2685000 | &nbsp;&nbsp; 2757606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2022-<br> BAML5024 (Bank of America N.A. LOC, Bank of America N.A. <br> LIQ)144Aø<br>| 3.58 | &nbsp;&nbsp; 9-1-2036 | 3750000 | &nbsp;&nbsp; 3750000 |
|  |  |  |  | &nbsp;&nbsp; **7654728** |
| **Housing revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; McMinnville-Warren County Industrial Development Boardøø | 2.75 | &nbsp;&nbsp; 9-1-2029 | 3250000 | &nbsp;&nbsp; **3247697** |
| **Utilities revenue: 1.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Memphis Memphis Light Gas & Water Division Electric <br> System Revenue Series A<br>| 5.00 | &nbsp;&nbsp; 12-1-2025 | 600000 | &nbsp;&nbsp; 602361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Memphis Memphis Light Gas & Water Division Electric <br> System Revenue Series A<br>| 5.00 | &nbsp;&nbsp; 12-1-2026 | 600000 | &nbsp;&nbsp; 617897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Memphis Memphis Light Gas & Water Division Electric <br> System Revenue Series A<br>| 5.00 | &nbsp;&nbsp; 12-1-2027 | 450000 | &nbsp;&nbsp; 474862 |
| &nbsp;&nbsp;&nbsp; Tennergy Corp. Series A | 5.50 | &nbsp;&nbsp; 12-1-2028 | 1000000 | &nbsp;&nbsp; 1062285 |
| &nbsp;&nbsp;&nbsp; Tennergy Corp. Series Aøø | 5.50 | &nbsp;&nbsp; 10-1-2053 | 2500000 | &nbsp;&nbsp; 2698056 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp.øø | 4.00 | &nbsp;&nbsp; 11-1-2049 | 11390000 | &nbsp;&nbsp; 11402364 |
|  |  |  |  | &nbsp;&nbsp; **16857825** |
|  |  |  |  | &nbsp;&nbsp; **32385385** |
| **Texas: 13.54%** |  |  |  |  |
| **Airport revenue: 2.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Austin Airport System Revenue AMT | 5.00 | &nbsp;&nbsp; 11-15-2025 | 1500000 | &nbsp;&nbsp; 1503703 |
| &nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue Series A AMT | 5.00 | &nbsp;&nbsp; 7-1-2026 | 1000000 | &nbsp;&nbsp; 1016123 |
| &nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue Series A AMT | 5.00 | &nbsp;&nbsp; 7-1-2027 | 1000000 | &nbsp;&nbsp; 1035501 |
| &nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue Series A AMT | 5.00 | &nbsp;&nbsp; 7-1-2030 | 4250000 | &nbsp;&nbsp; 4624642 |
| &nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue Series A AMT (AG Insured) | 5.00 | &nbsp;&nbsp; 7-1-2028 | 3000000 | &nbsp;&nbsp; 3169525 |

---

See accompanying notes to portfolio of investments

26 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Airport revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue Series B | 5.00<br> %<br>| &nbsp;&nbsp; 7-1-2026 | $1500000 | &nbsp;&nbsp; $1526208 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport Series A | 5.00 | &nbsp;&nbsp; 11-1-2025 | 1000000 | &nbsp;&nbsp; 1001713 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport Series A-2 AMTøø%% | 5.00 | &nbsp;&nbsp; 11-1-2050 | 14000000 | &nbsp;&nbsp; 14827236 |
| &nbsp;&nbsp;&nbsp; Love Field Airport Modernization Corp. Dallas Airport Revenue AMT | 5.00 | &nbsp;&nbsp; 11-1-2026 | 3250000 | &nbsp;&nbsp; 3319829 |
|  |  |  |  | &nbsp;&nbsp; **32024480** |
| **Education revenue: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Harmony Public Schools <br> Series A<br>| 4.00 | &nbsp;&nbsp; 2-15-2027 | 350000 | &nbsp;&nbsp; 356320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Harmony Public Schools <br> Series A<br>| 4.00 | &nbsp;&nbsp; 2-15-2028 | 290000 | &nbsp;&nbsp; 296569 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. Braination, Inc. | 5.00 | &nbsp;&nbsp; 8-15-2030 | 200000 | &nbsp;&nbsp; 220039 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. Braination, Inc. | 5.00 | &nbsp;&nbsp; 8-15-2031 | 205000 | &nbsp;&nbsp; 228089 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. Braination, Inc. | 5.00 | &nbsp;&nbsp; 8-15-2032 | 215000 | &nbsp;&nbsp; 240775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. IDEA Public Schools <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2027 | 500000 | &nbsp;&nbsp; 517688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. IDEA Public Schools <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2028 | 300000 | &nbsp;&nbsp; 316267 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. Series Bøø | 4.00 | &nbsp;&nbsp; 2-15-2055 | 1000000 | &nbsp;&nbsp; 1040667 |
| &nbsp;&nbsp;&nbsp; Odessa Junior College District (AG Insured) | 4.00 | &nbsp;&nbsp; 7-1-2028 | 400000 | &nbsp;&nbsp; 413821 |
| &nbsp;&nbsp;&nbsp; Texas PFA Southern University (BAM Insured) | 5.00 | &nbsp;&nbsp; 5-1-2028 | 1000000 | &nbsp;&nbsp; 1011966 |
|  |  |  |  | &nbsp;&nbsp; **4642201** |
| **GO revenue: 2.95%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alvarado Independent School Districtøø | 4.00 | &nbsp;&nbsp; 2-15-2052 | 2500000 | &nbsp;&nbsp; 2577840 |
| &nbsp;&nbsp;&nbsp; Andrews County Hospital District | 5.00 | &nbsp;&nbsp; 3-15-2027 | 1750000 | &nbsp;&nbsp; 1798914 |
| &nbsp;&nbsp;&nbsp; City of Port Arthur (BAM Insured) | 5.00 | &nbsp;&nbsp; 2-15-2026 | 290000 | &nbsp;&nbsp; 292355 |
| &nbsp;&nbsp;&nbsp; City of Port Arthur (BAM Insured) | 5.00 | &nbsp;&nbsp; 2-15-2027 | 310000 | &nbsp;&nbsp; 319450 |
| &nbsp;&nbsp;&nbsp; City of Port Arthur (BAM Insured) | 5.00 | &nbsp;&nbsp; 2-15-2028 | 365000 | &nbsp;&nbsp; 384335 |
| &nbsp;&nbsp;&nbsp; Dallas Independent School District Series A-1øø | 5.00 | &nbsp;&nbsp; 2-15-2055 | 5000000 | &nbsp;&nbsp; 5037803 |
| &nbsp;&nbsp;&nbsp; Denton Independent School District Series B2øø | 4.00 | &nbsp;&nbsp; 8-15-2055 | 2000000 | &nbsp;&nbsp; 2131907 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District Series Bøø | 0.72 | &nbsp;&nbsp; 8-1-2051 | 1200000 | &nbsp;&nbsp; 1171203 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District Series Bøø | 3.80 | &nbsp;&nbsp; 8-1-2055 | 5000000 | &nbsp;&nbsp; 5128011 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District Series Bøø | 4.00 | &nbsp;&nbsp; 8-1-2054 | 5000000 | &nbsp;&nbsp; 5116739 |
| &nbsp;&nbsp;&nbsp; Katy Independent School District Series Cøø | 4.00 | &nbsp;&nbsp; 8-15-2050 | 6000000 | &nbsp;&nbsp; 6055702 |
| &nbsp;&nbsp;&nbsp; Northside Independent School Districtøø | 3.55 | &nbsp;&nbsp; 6-1-2050 | 5000000 | &nbsp;&nbsp; 5069568 |
| &nbsp;&nbsp;&nbsp; Pasadena Independent School District Series A | 4.00 | &nbsp;&nbsp; 2-15-2032 | 4000000 | &nbsp;&nbsp; 4002562 |
| &nbsp;&nbsp;&nbsp; Round Rock Independent School District Series Aøø | 5.00 | &nbsp;&nbsp; 8-1-2044 | 5000000 | &nbsp;&nbsp; 5491207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series XF3417 <br> (Barclays Bank plc LIQ)144Aø<br>| 2.92 | &nbsp;&nbsp; 2-15-2055 | 2665000 | &nbsp;&nbsp; 2665000 |
|  |  |  |  | &nbsp;&nbsp; **47242596** |
| **Health revenue: 1.74%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp. Memorial <br> Hermann Health System Obligated Group Series Bøø<br>| 5.00 | &nbsp;&nbsp; 6-1-2050 | 5000000 | &nbsp;&nbsp; 5296002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp. Texas <br> Children's Hospital Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2031 | 5000000 | &nbsp;&nbsp; 5596228 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 27

------

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; Harris County Cultural Education Facilities Finance Corp. Texas <br> Children's Hospital Obligated Group Series Bøø<br>| 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2051 | $8500000 | &nbsp;&nbsp; $9469458 |
| &nbsp;&nbsp;&nbsp; Midland County Hospital District Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 5-15-2030 | 850000 | &nbsp;&nbsp; 938051 |
| &nbsp;&nbsp;&nbsp; Midland County Hospital District Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 5-15-2031 | 900000 | &nbsp;&nbsp; 1007972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. Baylor <br> Scott & White Health Obligated Group Series Eøø<br>| 5.00 | &nbsp;&nbsp; 11-15-2052 | 4000000 | &nbsp;&nbsp; 4034606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. Buckner <br> Retirement Services, Inc. Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 11-15-2026 | 1440000 | &nbsp;&nbsp; 1458963 |
|  |  |  |  | &nbsp;&nbsp; **27801280** |
| **Housing revenue: 1.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alamo Area Housing Finance Corp. Cedar Bluff Apartments LPøø | 3.39 | &nbsp;&nbsp; 7-10-2044 | 5000000 | &nbsp;&nbsp; 5074301 |
| &nbsp;&nbsp;&nbsp; Arlington Housing Finance Corp. Reserve at Mayfield LLCøø | 3.50 | &nbsp;&nbsp; 11-1-2043 | 5000000 | &nbsp;&nbsp; 5001771 |
| &nbsp;&nbsp;&nbsp; Housing Options, Inc. Culbreath LPøø | 3.75 | &nbsp;&nbsp; 11-1-2045 | 4000000 | &nbsp;&nbsp; 4068912 |
| &nbsp;&nbsp;&nbsp; Houston Housing Finance Corp. Cordova Apartments LPøø | 3.65 | &nbsp;&nbsp; 2-1-2048 | 3700000 | &nbsp;&nbsp; 3740693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Floater/Residual Trust Series 2024-MIZ9158 (Mizuho Capital <br> Markets LLC LOC, Mizuho Capital Markets LLC LIQ)144Aø<br>| 3.12 | &nbsp;&nbsp; 3-1-2038 | 1850000 | &nbsp;&nbsp; 1850000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Travis County Housing Finance Corp. Austin Gateway <br> Apartments LPøø<br>| 4.13 | &nbsp;&nbsp; 6-1-2045 | 2000000 | &nbsp;&nbsp; 2003475 |
|  |  |  |  | &nbsp;&nbsp; **21739152** |
| **Industrial development revenue: 1.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue United Airlines, Inc. | 5.00 | &nbsp;&nbsp; 7-15-2028 | 4500000 | &nbsp;&nbsp; 4612495 |
| &nbsp;&nbsp;&nbsp; Harris County Industrial Development Corp. Energy Transfer LPøø | 4.05 | &nbsp;&nbsp; 11-1-2050 | 11000000 | &nbsp;&nbsp; 11289334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mission Economic Development Corp. Graphic Packaging <br> International LLC AMTøø<br>| 5.00 | &nbsp;&nbsp; 12-1-2064 | 2500000 | &nbsp;&nbsp; 2589645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District Jefferson 2020 Bond Lessee & <br> Borrower LLC Obligated Group Series A AMT144A<br>| 1.88 | &nbsp;&nbsp; 1-1-2026 | 800000 | &nbsp;&nbsp; 795280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District Jefferson 2020 Bond Lessee & <br> Borrower LLC Obligated Group Series A AMT144A<br>| 2.00 | &nbsp;&nbsp; 1-1-2027 | 525000 | &nbsp;&nbsp; 511892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District Jefferson 2020 Bond Lessee & <br> Borrower LLC Obligated Group Series A AMT144A<br>| 2.13 | &nbsp;&nbsp; 1-1-2028 | 575000 | &nbsp;&nbsp; 551612 |
|  |  |  |  | &nbsp;&nbsp; **20350258** |
| **Miscellaneous revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greater Texoma Utility Authority City of Sherman Water & Sewer <br> System Revenue (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 10-1-2029 | 420000 | &nbsp;&nbsp; 456233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greater Texoma Utility Authority City of Sherman Water & Sewer <br> System Revenue (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 10-1-2030 | 1520000 | &nbsp;&nbsp; 1679320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greater Texoma Utility Authority City of Sherman Water & Sewer <br> System Revenue Series A (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 10-1-2029 | 400000 | &nbsp;&nbsp; 434508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greater Texoma Utility Authority City of Sherman Water & Sewer <br> System Revenue Series A (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 10-1-2030 | 750000 | &nbsp;&nbsp; 828612 |
|  |  |  |  | &nbsp;&nbsp; **3398673** |
| **Resource recovery revenue: 0.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matagorda County Navigation District No. 1 AEP Texas, Inc. Series A <br> (Ambac Insured)<br>| 4.40 | &nbsp;&nbsp; 5-1-2030 | 3500000 | &nbsp;&nbsp; 3669339 |

---

See accompanying notes to portfolio of investments

28 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Resource recovery revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mission Economic Development Corp. Waste Management, Inc. <br> AMTøø<br>| 4.00<br> %<br>| &nbsp;&nbsp; 11-1-2048 | $3000000 | &nbsp;&nbsp; $2999660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Port Arthur Navigation District Motiva Enterprises LLC <br> Series Cø<br>| 4.05 | &nbsp;&nbsp; 4-1-2040 | 3400000 | &nbsp;&nbsp; 3400000 |
|  |  |  |  | &nbsp;&nbsp; **10068999** |
| **Tax revenue: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baytown Municipal Development District Convention Center Hotel <br> Revenue Series C<br>| 5.00 | &nbsp;&nbsp; 10-1-2025 | 480000 | &nbsp;&nbsp; 480000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baytown Municipal Development District Convention Center Hotel <br> Revenue Series C<br>| 5.00 | &nbsp;&nbsp; 10-1-2026 | 510000 | &nbsp;&nbsp; 517220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baytown Municipal Development District Convention Center Hotel <br> Revenue Series C<br>| 5.00 | &nbsp;&nbsp; 10-1-2027 | 845000 | &nbsp;&nbsp; 869302 |
| &nbsp;&nbsp;&nbsp; City of Dallas Hotel Occupancy Tax Revenue | 4.00 | &nbsp;&nbsp; 8-15-2028 | 1290000 | &nbsp;&nbsp; 1299152 |
| &nbsp;&nbsp;&nbsp; City of Dallas Fair Park Venue Project144Aøø | 6.25 | &nbsp;&nbsp; 8-15-2053 | 3415000 | &nbsp;&nbsp; 3416647 |
|  |  |  |  | &nbsp;&nbsp; **6582321** |
| **Transportation revenue: 0.99%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Texas Turnpike System Series Bøø | 5.00 | &nbsp;&nbsp; 8-15-2042 | 10000000 | &nbsp;&nbsp; 10796432 |
| &nbsp;&nbsp;&nbsp; Central Texas Turnpike System Series C | 5.00 | &nbsp;&nbsp; 8-15-2031 | 3500000 | &nbsp;&nbsp; 3923647 |
| &nbsp;&nbsp;&nbsp; County of Fort Bend Toll Road Revenue (AG Insured) | 5.00 | &nbsp;&nbsp; 3-1-2030 | 450000 | &nbsp;&nbsp; 495588 |
| &nbsp;&nbsp;&nbsp; County of Fort Bend Toll Road Revenue (AG Insured) | 5.00 | &nbsp;&nbsp; 3-1-2031 | 600000 | &nbsp;&nbsp; 671343 |
|  |  |  |  | &nbsp;&nbsp; **15887010** |
| **Utilities revenue: 1.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of San Antonio Electric & Gas Systems Revenueøø | 1.75 | &nbsp;&nbsp; 2-1-2049 | 11500000 | &nbsp;&nbsp; 11465182 |
| &nbsp;&nbsp;&nbsp; Lower Colorado River Authority | 5.00 | &nbsp;&nbsp; 5-15-2027 | 2000000 | &nbsp;&nbsp; 2078777 |
| &nbsp;&nbsp;&nbsp; Lower Colorado River Authority (AG Insured) | 5.00 | &nbsp;&nbsp; 5-15-2027 | 1385000 | &nbsp;&nbsp; 1440452 |
| &nbsp;&nbsp;&nbsp; Lower Colorado River Authority (AG Insured) | 5.00 | &nbsp;&nbsp; 5-15-2028 | 2285000 | &nbsp;&nbsp; 2429711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Municipal Gas Acquisition & Supply Corp. II (SIFMA Municipal <br> Swap+0.55%)±<br>| 3.44 | &nbsp;&nbsp; 9-15-2027 | 3645000 | &nbsp;&nbsp; 3625970 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Power Agency (AG Insured) | 3.00 | &nbsp;&nbsp; 9-1-2026 | 950000 | &nbsp;&nbsp; 951777 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Power Agency (AG Insured) | 3.00 | &nbsp;&nbsp; 9-1-2027 | 1600000 | &nbsp;&nbsp; 1603941 |
|  |  |  |  | &nbsp;&nbsp; **23595810** |
| **Water & sewer revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; San Antonio Water System Series A (Truist Bank SPA)ø | 3.80 | &nbsp;&nbsp; 5-1-2054 | 3500000 | &nbsp;&nbsp; **3500000** |
|  |  |  |  | &nbsp;&nbsp; **216832780** |
| **Utah: 0.07%** |  |  |  |  |
| **Telecom revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Utah Infrastructure Agency | 3.00 | &nbsp;&nbsp; 10-15-2026 | 310000 | &nbsp;&nbsp; **308705** |
| **Utilities revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Southern Utah Valley Power Systems (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-15-2030 | 385000 | &nbsp;&nbsp; 423491 |
| &nbsp;&nbsp;&nbsp; Southern Utah Valley Power Systems (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-15-2031 | 300000 | &nbsp;&nbsp; 334148 |
|  |  |  |  | &nbsp;&nbsp; **757639** |
|  |  |  |  | &nbsp;&nbsp; **1066344** |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 29

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Vermont: 0.25%** |  |  |  |  |
| **Housing revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Vermont Housing Finance Agency Series E-2 (FHA Insured) | 3.50<br> %<br>| &nbsp;&nbsp; 11-1-2026 | $4000000 | &nbsp;&nbsp; $**4002365** |
| **Virginia: 2.12%** |  |  |  |  |
| **Airport revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virginia Port Authority Series B AMT | 5.00 | &nbsp;&nbsp; 7-1-2029 | 1500000 | &nbsp;&nbsp; **1521704** |
| **Education revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority Regent University | 5.00 | &nbsp;&nbsp; 6-1-2026 | 300000 | &nbsp;&nbsp; 302697 |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority Regent University | 5.00 | &nbsp;&nbsp; 6-1-2027 | 275000 | &nbsp;&nbsp; 281967 |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority Regent University | 5.00 | &nbsp;&nbsp; 6-1-2028 | 300000 | &nbsp;&nbsp; 312259 |
| &nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority Hampton University | 5.00 | &nbsp;&nbsp; 10-1-2030 | 1125000 | &nbsp;&nbsp; 1217941 |
| &nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority Hampton University | 5.00 | &nbsp;&nbsp; 10-1-2031 | 1050000 | &nbsp;&nbsp; 1144996 |
| &nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority Hampton University | 5.00 | &nbsp;&nbsp; 10-1-2032 | 1490000 | &nbsp;&nbsp; 1626923 |
|  |  |  |  | &nbsp;&nbsp; **4886783** |
| **Housing revenue: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arlington County IDA Park Shirlington Preservation LP Series A | 5.00 | &nbsp;&nbsp; 1-1-2026 | 6000000 | &nbsp;&nbsp; 6033044 |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority Series Føø | 3.63 | &nbsp;&nbsp; 7-1-2055 | 2455000 | &nbsp;&nbsp; 2455425 |
|  |  |  |  | &nbsp;&nbsp; **8488469** |
| **Tax revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Marquis CDA of York County Virginia CAB144A | 7.50 | &nbsp;&nbsp; 9-1-2045 | 680000 | &nbsp;&nbsp; 238000 |
| &nbsp;&nbsp;&nbsp; Marquis CDA of York County Virginia Series A | 5.10 | &nbsp;&nbsp; 9-1-2036 | 2169000 | &nbsp;&nbsp; 759150 |
| &nbsp;&nbsp;&nbsp; Marquis CDA of York County Virginia Series C CAB¤ | 0.00 | &nbsp;&nbsp; 9-1-2041 | 3493000 | &nbsp;&nbsp; 8733 |
|  |  |  |  | &nbsp;&nbsp; **1005883** |
| **Transportation revenue: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series XF3444 <br> (Morgan Stanley Bank LIQ)144Aø<br>| 2.94 | &nbsp;&nbsp; 6-1-2052 | 3870000 | &nbsp;&nbsp; **3870000** |
| **Utilities revenue: 0.89%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Louisa IDA Virginia Electric & Power Co. Series Aøø | 3.65 | &nbsp;&nbsp; 11-1-2035 | 9000000 | &nbsp;&nbsp; 9142011 |
| &nbsp;&nbsp;&nbsp; Louisa IDA Virginia Electric & Power Co. Series Bøø | 3.13 | &nbsp;&nbsp; 11-1-2035 | 5000000 | &nbsp;&nbsp; 5045434 |
|  |  |  |  | &nbsp;&nbsp; **14187445** |
|  |  |  |  | &nbsp;&nbsp; **33960284** |
| **Washington: 1.67%** |  |  |  |  |
| **GO revenue: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Seattle Series A | 4.00 | &nbsp;&nbsp; 4-1-2031 | 2395000 | &nbsp;&nbsp; 2411136 |
| &nbsp;&nbsp;&nbsp; State of Washington | 5.00 | &nbsp;&nbsp; 6-1-2026 | 1570000 | &nbsp;&nbsp; 1595795 |
| &nbsp;&nbsp;&nbsp; Tacoma Metropolitan Park District | 5.00 | &nbsp;&nbsp; 12-1-2026 | 2250000 | &nbsp;&nbsp; 2311837 |
|  |  |  |  | &nbsp;&nbsp; **6318768** |
| **Health revenue: 0.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Skagit County Public Hospital District No. 1 | 5.00 | &nbsp;&nbsp; 12-1-2027 | 3655000 | &nbsp;&nbsp; 3723859 |
| &nbsp;&nbsp;&nbsp; Skagit County Public Hospital District No. 1 | 5.00 | &nbsp;&nbsp; 12-1-2028 | 2000000 | &nbsp;&nbsp; 2035246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington Health Care Facilities Authority CommonSpirit Health <br> Obligated Group Series B-3øø<br>| 5.00 | &nbsp;&nbsp; 8-1-2049 | 4125000 | &nbsp;&nbsp; 4143785 |

---

See accompanying notes to portfolio of investments

30 \| Allspring Short-Term Municipal Bond Fund

------

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; Washington Health Care Facilities Authority Fred Hutchinson <br> Cancer Center Obligated Group144A<br>| 5.00<br> %<br>| &nbsp;&nbsp; 12-1-2025 | $275000 | &nbsp;&nbsp; $275994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington Health Care Facilities Authority Fred Hutchinson <br> Cancer Center Obligated Group144A<br>| 5.00 | &nbsp;&nbsp; 12-1-2026 | 285000 | &nbsp;&nbsp; 292868 |
|  |  |  |  | &nbsp;&nbsp; **10471752** |
| **Housing revenue: 0.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FYI Properties State of Washington Consolidated Technology <br> Services<br>| 5.00 | &nbsp;&nbsp; 6-1-2027 | 1000000 | &nbsp;&nbsp; 1040511 |
| &nbsp;&nbsp;&nbsp; King County Housing Authority | 4.00 | &nbsp;&nbsp; 10-1-2027 | 300000 | &nbsp;&nbsp; 305316 |
| &nbsp;&nbsp;&nbsp; Snohomish County Housing Authority | 5.00 | &nbsp;&nbsp; 4-1-2026 | 730000 | &nbsp;&nbsp; 737067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington State Housing Finance Commission Downtowner <br> Apartments Project (FHLMC LIQ)<br>| 3.70 | &nbsp;&nbsp; 7-1-2030 | 5000000 | &nbsp;&nbsp; 5147454 |
|  |  |  |  | &nbsp;&nbsp; **7230348** |
| **Utilities revenue: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Energy Northwest Bonneville Power Administration Series A | 5.00 | &nbsp;&nbsp; 7-1-2030 | 2500000 | &nbsp;&nbsp; **2786916** |
|  |  |  |  | &nbsp;&nbsp; **26807784** |
| **West Virginia: 0.31%** |  |  |  |  |
| **Resource recovery revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; West Virginia EDA Kentucky Power Co. Series 2014-A AMTøø | 4.70 | &nbsp;&nbsp; 4-1-2036 | 2500000 | &nbsp;&nbsp; **2512252** |
| **Utilities revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; West Virginia EDA Appalachian Power Co. Series A AMTøø | 3.30 | &nbsp;&nbsp; 1-1-2041 | 2500000 | &nbsp;&nbsp; **2517920** |
|  |  |  |  | &nbsp;&nbsp; **5030172** |
| **Wisconsin: 3.11%** |  |  |  |  |
| **Airport revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Milwaukee Airport Revenue Series A AMT%% | 5.00 | &nbsp;&nbsp; 12-1-2030 | 710000 | &nbsp;&nbsp; **778201** |
| **GO revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Buffalo | 4.00 | &nbsp;&nbsp; 9-1-2029 | 650000 | &nbsp;&nbsp; 671918 |
| &nbsp;&nbsp;&nbsp; Monroe School District (AG Insured) | 5.00 | &nbsp;&nbsp; 3-1-2030 | 675000 | &nbsp;&nbsp; 740685 |
| &nbsp;&nbsp;&nbsp; Oshkosh Area School District | 5.00 | &nbsp;&nbsp; 3-1-2026 | 1000000 | &nbsp;&nbsp; 1009350 |
|  |  |  |  | &nbsp;&nbsp; **2421953** |
| **Health revenue: 1.88%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PFA Texas Biomedical Research Institute Series A | 5.00 | &nbsp;&nbsp; 6-1-2027 | 200000 | &nbsp;&nbsp; 206249 |
| &nbsp;&nbsp;&nbsp; PFA Texas Biomedical Research Institute Series A | 5.00 | &nbsp;&nbsp; 6-1-2028 | 225000 | &nbsp;&nbsp; 235941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2024-<br> XF3230 (BAM Insured) (Barclays Bank plc LIQ)144Aø<br>| 3.01 | &nbsp;&nbsp; 2-15-2054 | 1275000 | &nbsp;&nbsp; 1275000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA Advocate Aurora Health Obligated Group Series C-<br> 3øø<br>| 5.00 | &nbsp;&nbsp; 8-15-2054 | 1250000 | &nbsp;&nbsp; 1269411 |
| &nbsp;&nbsp;&nbsp; Wisconsin HEFA Beloit Health System Obligated Group | 5.00 | &nbsp;&nbsp; 7-1-2026 | 1060000 | &nbsp;&nbsp; 1075743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA Marshfield Clinic Health System Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 2-15-2029 | 2500000 | &nbsp;&nbsp; 2673252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA Marshfield Clinic Health System Obligated Group <br> Series B2øø##<br>| 5.00 | &nbsp;&nbsp; 2-15-2051 | 18300000 | &nbsp;&nbsp; 18674235 |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 31

------

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; Wisconsin HEFA Rogers Memorial Hospital, Inc. Obligated Group <br> Series A<br>| 5.00<br> %<br>| &nbsp;&nbsp; 7-1-2029 | $1000000 | &nbsp;&nbsp; $1002896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA St. Camillus Health System Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 11-1-2025 | 245000 | &nbsp;&nbsp; 245129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA St. Camillus Health System Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 11-1-2026 | 355000 | &nbsp;&nbsp; 358397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA St. Camillus Health System Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 11-1-2030 | 1035000 | &nbsp;&nbsp; 1074480 |
| &nbsp;&nbsp;&nbsp; Wisconsin HEFA St. John's Communities, Inc. Obligated Group | 4.00 | &nbsp;&nbsp; 9-15-2026 | 795000 | &nbsp;&nbsp; 793205 |
| &nbsp;&nbsp;&nbsp; Wisconsin HEFA St. John's Communities, Inc. Obligated Group | 4.00 | &nbsp;&nbsp; 9-15-2028 | 860000 | &nbsp;&nbsp; 860177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA St. John's Communities, Inc. Obligated Group <br> Series B<br>| 4.00 | &nbsp;&nbsp; 9-15-2027 | 140000 | &nbsp;&nbsp; 139808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA St. John's Communities, Inc. Obligated Group <br> Series B<br>| 4.00 | &nbsp;&nbsp; 9-15-2028 | 195000 | &nbsp;&nbsp; 195040 |
|  |  |  |  | &nbsp;&nbsp; **30078963** |
| **Industrial development revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PFA Waste Management, Inc. Series A-2 AMT | 2.88 | &nbsp;&nbsp; 5-1-2027 | 1400000 | &nbsp;&nbsp; **1382254** |
| **Miscellaneous revenue: 0.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cambridge School District | 4.00 | &nbsp;&nbsp; 9-2-2026 | 2250000 | &nbsp;&nbsp; 2268124 |
| &nbsp;&nbsp;&nbsp; Village of Johnson Creek Series A | 3.50 | &nbsp;&nbsp; 5-1-2030 | 2395000 | &nbsp;&nbsp; 2403019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA Forensic Science & Protective Medicine <br> Collaboration, Inc.144A<br>| 5.00 | &nbsp;&nbsp; 8-1-2027 | 3500000 | &nbsp;&nbsp; 3547091 |
|  |  |  |  | &nbsp;&nbsp; **8218234** |
| **Tax revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Wisconsin Professional Baseball Park District Series A <br> (NPFGC Insured)<br>| 5.50 | &nbsp;&nbsp; 12-15-2026 | 2310000 | &nbsp;&nbsp; **2351822** |
| **Utilities revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PFA Duke Energy Progress LLC Series A-1øø | 3.30 | &nbsp;&nbsp; 10-1-2046 | 3000000 | &nbsp;&nbsp; **3008315** |
| **Water & sewer revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Town of Clayton Water & Sewer System Revenue Series C BAN | 2.00 | &nbsp;&nbsp; 6-1-2026 | 1600000 | &nbsp;&nbsp; **1581661** |
|  |  |  |  | &nbsp;&nbsp; **49821403** |
| **Wyoming: 0.22%** |  |  |  |  |
| **Health revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sublette County Hospital District Construction Project Series A | 5.00 | &nbsp;&nbsp; 6-15-2026 | 3500000 | &nbsp;&nbsp; **3500864** |
| **Total municipal obligations (Cost $1,589,856,026)** |  |  |  | &nbsp;&nbsp; **1590932455** |

---

See accompanying notes to portfolio of investments

32 \| Allspring Short-Term Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares | Value |
| **Short-term investments: 0.08%** |  |  |  |  |
| **Investment companies: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞## |  | 4.07<br> %<br>| 1298396 | &nbsp;&nbsp; **$1298396** |
| **Total short-term investments (Cost $1,298,396)** |  |  |  | &nbsp;&nbsp; **1298396** |
| **Total investments in securities (Cost $1,601,154,422)** | 100.03<br> %<br>|  |  | &nbsp;&nbsp; 1602230851 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | (0.03)<br>|  |  | &nbsp;&nbsp; (412151)<br>|
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$1601818700** |

---

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

---

| | |
|:---|:---|
| 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>|
| 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>|
| 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. |
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| %% | The security is purchased on a when-issued basis. |
| ¤ | The security is issued in zero coupon form with no periodic interest payments. |
| ## | All or a portion of this security is segregated as collateral for when-issued securities. |
| ♠ | 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 |
| BAN | Bond anticipation note |
| CAB | Capital appreciation bond |
| CDA | Community Development Authority |
| COP | Certificate of participation |
| EDA | Economic Development Authority |
| EDFA | Economic Development Finance Authority |
| FHA | Federal Housing Administration |
| FHLMC | Federal Home Loan Mortgage Corporation |
| FNMA | Federal National Mortgage Association |
| GO | General obligation |
| HEFA | Health & Educational Facilities Authority |
| HFA | Housing Finance Authority |
| HFFA | Health Facilities Financing Authority |
| IDA | Industrial Development Authority |
| LIQ | Liquidity agreement |
| LOC | Letter of credit |
| NPFGC | National Public Finance Guarantee Corporation |
| PFA | Public Finance Authority |
| QSBLF | Qualified School Board Loan Fund Insured |
| RDA | Redevelopment Authority |
| SIFMA | Securities Industry and Financial Markets Association |
| SOFR | Secured Overnight Financing Rate |
| SPA | Standby purchase agreement |
| TTFA | Transportation Trust Fund Authority |

---

See accompanying notes to portfolio of investments

Allspring Short-Term Municipal Bond Fund \| 33

------

Portfolio of investments—September 30, 2025 (unaudited)

**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>| $11230843 | $105484717 | $(115417164)<br>| $0 | $0 | $1298396 | 1298396 | $77757 |

---

See accompanying notes to portfolio of investments

34 \| Allspring Short-Term Municipal Bond Fund

------

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.

When-issued transactions

The Fund may purchase securities on a forward commitment or when-issued basis. The Fund records a when-issued transaction on the trade date and will segregate assets in an amount at least equal in value to the Fund's commitment to purchase when-issued securities. Securities purchased on a when-issued basis are marked-to-market daily and the Fund begins earning interest on the settlement date. Losses may arise due to changes in the market value of the underlying securities or if the counterparty does not perform under the contract.

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:** |  |  |  |  |
| **Closed-end fund obligations** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $10000000 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $10000000 |
| **Municipal obligations** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1590932455 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1590932455 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 1298396 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1298396 |
| **Total assets** | &nbsp;&nbsp; **$1298396** | &nbsp;&nbsp;&nbsp; **$1600932455** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$1602230851** |

---

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.

Allspring Short-Term Municipal Bond Fund \| 35

------

## 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 Short-Term Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000007411

- **c. LEI of Series:** 549300LF06O0YTK3E744

**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:** $1621234034.10

**Total Liabilities:** $19984859.19

**Net Assets:** $1601249174.91

**Delayed Delivery Securities:** $15724694.20

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -7869.04000000 | **1-Year:** -94558.94000000 | **5-Year:** -175455.57000000 | **10-Year:** -86154.86000000 | **30-Year:** -56674.50000000

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

- **3-Month:** -1235.32000000 | **1-Year:** -4774.28000000 | **5-Year:** -6522.97000000 | **10-Year:** -996.80000000 | **30-Year:** -500.59000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020338 | 0.44%                | 0.44%                | 0.35%                |
| Class ID C000064980 | 0.53%                | 0.53%                | 0.43%                |
| Class ID C000205246 | 0.53%                | 0.53%                | 0.43%                |
| Class ID C000092789 | 0.41%                | 0.61%                |  |
| Class ID C000064979 | 0.51%                | 0.51%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2675.00                 | $3912497.58                                |
| Month 2  | $6413.46                 | $5041343.87                                |
| Month 3  | $-17006.40               | $2967443.00                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| North Carolina Capital Facilities Finance Agency                              | NORTH CAROLINA ST CAPITAL FACS FIN AGY SOL WST DISP REVENUE  | CUSIP: 65820AAP3<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.62%             | 2038-06-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                   | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HVB8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   4125000 | PA      | $4143784.84   | 0.26%             | 2049-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                          | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FEL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053649.40   | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Providence Public Building Authority                                          | PROVIDENCE RI PUBLIC BLDGS AUTH REVENUE                      | CUSIP: 74381MCX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1650862.05   | 0.10%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kay County Public Buildings Authority                                         | KAY CNTY OK PUBLIC BLDGS AUTH SALES TAX REVENUE              | CUSIP: 486511AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $742731.45    | 0.05%             | 2026-04-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No 1                                     | MATAGORDA CNTY TX NAV DIST #1                                | CUSIP: 576528CY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3669339.10   | 0.23%             | 2030-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| City of Columbia KY                                                           | COLUMBIA KY EDUCTNL DEV REVENUE                              | CUSIP: 197763EQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $523241.20    | 0.03%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                        | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240RD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5491207.00   | 0.34%             | 2044-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                | PALOMAR HLTH CA REVENUE                                      | CUSIP: 697528AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4888664.00   | 0.31%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                   | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2177752.00   | 0.14%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                              | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225AF3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    350000 | PA      | $360158.37    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Comanche County Hospital Authority                                            | COMANCHE CNTY OK HOSP AUTH REVENUE                           | CUSIP: 199875HL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800878.04   | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bridgeport CT                                                         | BRIDGEPORT CT                                                | CUSIP: 108152KK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1336457.81   | 0.08%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                  | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190QG0<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    675000 | PA      | $698963.24    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                       | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262077Q1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    165000 | PA      | $170346.71    | 0.01%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albany County Airport Authority                                               | ALBANY CNTY NY ARPT AUTH                                     | CUSIP: 012123NK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1095547.96   | 0.07%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YW96<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    440000 | PA      | $445537.00    | 0.03%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                      | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GQR6<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.22%             | 2054-05-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Southeast Wisconsin Professional Baseball Park District                       | S E WI PROFESSIONAL BASEBALL PARK DIST SALES TAX             | CUSIP: 841531DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2351821.86   | 0.15%             | 2026-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Educational Facilities Authority                            | PALM BEACH CNTY FL EDUCTNL FACS AUTH                         | CUSIP: 696506AK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251326.20    | 0.02%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                              | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $179748.22    | 0.01%             | 2025-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Indianola IA                                                          | INDIANOLA IA                                                 | CUSIP: 455560QX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $858296.97    | 0.05%             | 2027-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Central Minnesota Municipal Power Agency                                      | CENTRL MN MUNI PWR AGY                                       | CUSIP: 154136AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $411910.04    | 0.03%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri            | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AVX7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3161001.30   | 0.20%             | 2039-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                        | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WEA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $355536.48    | 0.02%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                       | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2983728.90   | 0.19%             | 2049-10-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                             | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY          | CUSIP: 647207BD0<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |    950000 | PA      | $959512.07    | 0.06%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                          | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE            | CUSIP: 73360CAF1<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    525000 | PA      | $511892.22    | 0.03%             | 2027-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri            | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ATR3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5292000.50   | 0.33%             | 2052-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                               | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GEK6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.62%             | 2049-06-15      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Cleveland County Educational Facilities Authority                             | CLEVELAND CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVEN | CUSIP: 18604TEZ7<br>LEI: 549300XEV4DVO42DUA84 | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2792869.45   | 0.17%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                      | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758ZM8<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1217069.04   | 0.08%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Bolingbrook IL                                                     | BOLINGBROOK IL                                               | CUSIP: 097552TJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046125.70   | 0.07%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tippecanoe County School Building Corp                                        | TIPPECANOE CNTY IN SCH BLDG CORP                             | CUSIP: 88786PJK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $295574.79    | 0.02%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                | ALLEN CNTY OH HOSP FACS REVENUE                              | CUSIP: 01757LGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10347081.00  | 0.65%             | 2049-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Utah Valley Power Systems                                            | STHRN UT VLY PWR SYS TRANSMISSION SYS REVENUE                | CUSIP: 84408PAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $423490.84    | 0.03%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Lakeshore East Special Assessment Area                     | CHICAGO IL SPL ASSMNT                                        | CUSIP: 167686AK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    241000 | PA      | $234257.13    | 0.01%             | 2028-12-01      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| Vermont Housing Finance Agency                                                | VERMONT ST HSG FIN AGY                                       | CUSIP: 924190G21<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4002364.80   | 0.25%             | 2026-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                               | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JCH7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    475000 | PA      | $495052.65    | 0.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YW88<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    420000 | PA      | $423581.42    | 0.03%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE              | CUSIP: 57422JBH0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6055127.40   | 0.38%             | 2028-11-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                   | WASHINGTON ST HSG FIN COMMISSION MF HSG REVENUE              | CUSIP: 93978PLL9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5147454.50   | 0.32%             | 2030-07-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Kentucky Interlocal School Transportation Association                         | KENTUCKY ST INTERLOCAL SCH TRANSPRTN ASSN EQUIPMENT LEASE RE | CUSIP: 491325NL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $981706.94    | 0.06%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                         | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145UT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040666.70   | 0.06%             | 2055-02-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                             | ILLINOIS ST                                                  | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   9975000 | PA      | $10432247.02  | 0.65%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                  | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743VX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501381.75    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                       | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262077R9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210796.08    | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JCB7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195040.09    | 0.01%             | 2028-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Geneva IL                                                             | GENEVA IL                                                    | CUSIP: 372064LZ6<br>LEI: 549300RX20WHCWI24R35 | Long             | DBT              | MUN               | US        |    450000 | PA      | $457520.49    | 0.03%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                         | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1171203.24   | 0.07%             | 2051-08-01      | Floating      | 0.72%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                   | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8475988.00   | 0.53%             | 2052-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2517769.00   | 0.16%             | 2029-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                         | NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE               | CUSIP: 64987JRC7<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2338857.70   | 0.15%             | 2061-11-01      | Floating      | 1.10%                 | No            |                  2 | On Loan: No      |
| County of Colleton SC                                                         | COLLETON CNTY SC                                             | CUSIP: 194594HT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3535000 | PA      | $3628067.01   | 0.23%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                           | NEW YORK NY                                                  | CUSIP: 64966SNL6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12000000.00  | 0.75%             | 2055-02-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Lincoln NE                                                            | LINCOLN NE MF HSG REVENUE                                    | CUSIP: 534307AC7<br>LEI: 549300YUMTVQH8VHOB91 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5046699.00   | 0.32%             | 2048-01-10      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TAK3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502416.80   | 0.09%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                      | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                      | CUSIP: 04062PDH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $13896807.40  | 0.87%             | 2047-07-01      | Floating      | 2.76%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                     | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349DP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035501.10   | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                              | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $184068.82    | 0.01%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                               | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1488936.39   | 0.09%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                        | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MQJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031198.60   | 0.13%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spencer East Brookfield Regional School District/MA                           | SPENCER EAST BROOKFIELD MA REGL SCH DIST                     | CUSIP: 847881EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4996237.50   | 0.31%             | 2025-12-18      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| St Lawrence County Industrial Development Agency                              | ST LAWRENCE CNTY NY INDL DEV AGY CIVIC DEV CORP REVENUE      | CUSIP: 791078EE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $529435.08    | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                         | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AY50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4466414.80   | 0.28%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                              | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6574824.60   | 0.41%             | 2054-04-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                            | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GFV9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015233.00   | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                       | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698TD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9798764.00   | 0.61%             | 2053-06-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Leon County School District                                                   | LEON CNTY FL SCH DIST SALES TAX REVENUE                      | CUSIP: 526442BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6005896.20   | 0.38%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Putters/Drivers Trust                                          | JP MORGAN CHASE PUTTERS/DRIVERS TRUST VARIOUS STATES         | CUSIP: 46640KS62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12000000.00  | 0.75%             | 2026-04-24      | Floating      | 3.09%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                       | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806Y38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $296568.62    | 0.02%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                      | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $500818.07    | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                  | CHARLOTTE-MECKLENBURG NC HOSPAUTH HLTH CARE SYS REVENUE      | CUSIP: 160853VG9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1497009.45   | 0.09%             | 2048-01-15      | Floating      | 0.80%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                         | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PHU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1854544.95   | 0.12%             | 2030-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clawson Public Schools                                                        | CLAWSON MI PUBLIC SCHS                                       | CUSIP: 183061CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $311032.32    | 0.02%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vistancia Community Facilities District                                       | VISTANCIA AZ CMNTY FACS DIST                                 | CUSIP: 92839NCR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $909474.84    | 0.06%             | 2026-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                    | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE             | CUSIP: 917467BR2<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    310000 | PA      | $308705.50    | 0.02%             | 2026-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Harvey County Unified School District 440 Halstead-Bentley                    | HARVEY CNTY KS UNIF SCH DIST #440 HALSTEAD                   | CUSIP: 417632DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $333729.57    | 0.02%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                             | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519DK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2296201.75   | 0.14%             | 2028-11-15      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Westmoreland County Industrial Development Authority/PA                       | WESTMORELAND CNTY PA INDL DEV AUTH HLTH SYS REVENUE          | CUSIP: 960875AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $2033081.86   | 0.13%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                        | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1595357.71   | 0.10%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                           | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 7352403Q4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10932493.00  | 0.68%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp                                     | HARRIS CNTY TX INDL DEV CORP                                 | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11289334.10  | 0.71%             | 2050-11-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Lake Superior State University                                                | LAKE SUPERIOR MI ST UNIV                                     | CUSIP: 511002FW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $414894.84    | 0.03%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                          | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653KR1<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    600000 | PA      | $656270.70    | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cambridge School District                                                     | CAMBRIDGE WI SCH DIST                                        | CUSIP: 132610DD5<br>LEI: 549300Y11BWQZELOH552 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2268123.98   | 0.14%             | 2026-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                            | SEATTLE WA                                                   | CUSIP: 812627AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2411136.55   | 0.15%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                      | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009SU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5596228.00   | 0.35%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Superior State University                                                | LAKE SUPERIOR MI ST UNIV                                     | CUSIP: 511002FV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $394721.22    | 0.02%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Creek County Educational Facilities Authority                                 | CREEK CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE   | CUSIP: 225472BZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $4265274.00   | 0.27%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority No 2                                        | DOUGLAS CNTY NE HOSP AUTH #2                                 | CUSIP: 259230PJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3255775.90   | 0.20%             | 2053-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                  | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UQW7<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    400000 | PA      | $413183.56    | 0.03%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                        | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SJH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1424968.11   | 0.09%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                              | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $213412.35    | 0.01%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                  | MICHIGAN ST HSG DEV AUTH MF REVENUE                          | CUSIP: 594650UL5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2255449.73   | 0.14%             | 2041-07-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                             | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518094.65    | 0.03%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712D3K0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1075743.01   | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                          | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562TU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4347562.40   | 0.27%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                           | AKRON OH INCOME TAX REVENUE                                  | CUSIP: 010056MN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3540000 | PA      | $3641492.15   | 0.23%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                       | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151P52<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    420000 | PA      | $442211.83    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                            | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $495920.55    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Superior State University                                                | LAKE SUPERIOR MI ST UNIV                                     | CUSIP: 511002FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $418206.00    | 0.03%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                         | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145NQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $316267.05    | 0.02%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Marshall MN                                                           | MARSHALL MN EDU SVC FACS LSE REV                             | CUSIP: 572509AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $395721.14    | 0.02%             | 2029-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DXZ9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    295000 | PA      | $299507.45    | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                          | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FXC3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    820000 | PA      | $839652.12    | 0.05%             | 2049-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                             | PORT OF MORROW OR                                            | CUSIP: 73473RCW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $346938.59    | 0.02%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                 | OHIO ST HOSP REVENUE                                         | CUSIP: 67756CEL8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    265000 | PA      | $265440.14    | 0.02%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                   | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HXT7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    285000 | PA      | $292868.62    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp                                                        | LOUISIANA ST HSG CORP MF HSG REVENUE                         | CUSIP: 54627CCE1<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1986044.40   | 0.12%             | 2045-10-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| Crawford County Memorial Hospital Inc                                         | CRAWFORD CNTY IA MEMORIAL HOSP REVENUE                       | CUSIP: 224832BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1215241.44   | 0.08%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                  | MONROE CNTY NY INDL DEV CORP REVENUE                         | CUSIP: 61075TRK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1167408.47   | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Matteson IL                                                        | MATTESON IL                                                  | CUSIP: 577098PZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501077.40    | 0.03%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clawson Public Schools                                                        | CLAWSON MI PUBLIC SCHS                                       | CUSIP: 183061CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $287595.24    | 0.02%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                             | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UKE2<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2249733.82   | 0.14%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                      | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521086.60    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                  | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524830.25    | 0.03%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FQE8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5700000.00   | 0.36%             | 2057-08-15      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| Greater Texoma Utility Authority                                              | GTR TEXOMA TX UTILITY AUTH CONTRACT REVENUE                  | CUSIP: 39239MAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $434508.08    | 0.03%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The           | PHOENIX AZ INDL DEV AUTH SOL WST REVENUE                     | CUSIP: 71884RAA0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9998456.00   | 0.62%             | 2035-12-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                   | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DVU3<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5011371.50   | 0.31%             | 2037-07-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                         | LOUISIANA ST PUBLIC FACS AUTH HOSP REVENUE                   | CUSIP: 546395S88<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3409650.08   | 0.21%             | 2045-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                       | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207X58<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301759.74    | 0.02%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                           | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 7087967W1<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1795000.00   | 0.11%             | 2025-10-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                            | MARYLAND ST ECON DEV CORP                                    | CUSIP: 574205GW4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    935000 | PA      | $991623.41    | 0.06%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                             | INDIANA ST HSG & CMNTY DEV AUTH MF HSG REVENUE               | CUSIP: 45506CBY2<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3480563.80   | 0.22%             | 2045-10-01      | Floating      | 2.74%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                            | WHITING IN ENVRNMNTL FACS REVENUE                            | CUSIP: 96634RAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1599467.40   | 0.10%             | 2046-03-01      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Marquis Community Development Authority of York County Virginia               | MARQUIS VA CMNTY DEV AUTH REVENUE                            | CUSIP: 57161CAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2169000 | PA      | $759150.00    | 0.05%             | 2036-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| City of Miami FL Parking System Revenue                                       | MIAMI FL PKG SYS REVENUE                                     | CUSIP: 593461BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $2104353.27   | 0.13%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                           | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227KN0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    370000 | PA      | $372032.78    | 0.02%             | 2027-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                          | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE            | CUSIP: 73360CAG9<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    575000 | PA      | $551612.11    | 0.03%             | 2028-01-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                  | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UQY3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    350000 | PA      | $377231.33    | 0.02%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                         | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450GC8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10140056.00  | 0.63%             | 2040-06-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                               | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528UR94<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6247146.00   | 0.39%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                  | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190QH8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056508.10   | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                      | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2535051.50   | 0.16%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                   | DAYTON OH CITY SCH DIST COPS                                 | CUSIP: 239851CH9<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |    180000 | PA      | $180181.48    | 0.01%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                           | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                  | CUSIP: 92778FKJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $312258.99    | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                             | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2644189.50   | 0.17%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Educational Facilities Authority                            | PALM BEACH CNTY FL EDUCTNL FACS AUTH                         | CUSIP: 696506AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $272781.57    | 0.02%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                            | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048594.00   | 0.13%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                        | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WS2<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2607398.72   | 0.16%             | 2040-11-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                       | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XA5<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2736030.00   | 0.17%             | 2056-04-01      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| Monroeville Finance Authority                                                 | MONROEVILLE PA FIN AUTH UPMC REVENUE                         | CUSIP: 611530DX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $565810.98    | 0.04%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                         | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   8310000 | PA      | $8960921.47   | 0.56%             | 2045-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of West Memphis AR Sales & Use Tax Revenue                               | WEST MEMPHIS AR SALES & USE TAX REVENUE                      | CUSIP: 954354AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $2184328.39   | 0.14%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DXY2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    245000 | PA      | $245924.92    | 0.02%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712D3W4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    355000 | PA      | $358396.71    | 0.02%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                          | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632LH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.19%             | 2040-11-01      | Floating      | 2.87%                 | No            |                  2 | On Loan: No      |
| State of Alaska International Airports System                                 | ALASKA ST INTERNATIONAL ARPTS REVENUES                       | CUSIP: 011842UP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3066858.00   | 0.19%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Matteson IL                                                        | MATTESON IL                                                  | CUSIP: 577098QG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202476.12    | 0.01%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                         | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5128011.00   | 0.32%             | 2055-08-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                      | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080YG0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2667033.00   | 0.17%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FYI Properties                                                                | FYI PROPERTIES WA LEASE REVENUE                              | CUSIP: 302716BF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040510.50   | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grundy Kendall & Will Counties Community High School District No 111 Minooka  | GRUNDY KENDALL & WILL CNTYS IL CMNTY HIGH SCH DIST #111      | CUSIP: 400424ME4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $639492.69    | 0.04%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                             | PHILADELPHIA PA AUTH FOR INDL DEV CHRT SCH REVENUE           | CUSIP: 71780CBW9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1409176.27   | 0.09%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Shawnee KS                                                          | SHAWNEE CNTY KS MF HSG REVENUE                               | CUSIP: 82056AAA6<br>LEI: 5493007F3P7G61QTP515 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5053642.50   | 0.32%             | 2059-05-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                        | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WDA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1850246.65   | 0.12%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                   | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DNW8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    375000 | PA      | $379730.63    | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                 | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU | CUSIP: 88283KBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3923646.65   | 0.25%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                 | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CG0<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1810360.63   | 0.11%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Owen KY                                                             | OWEN CNTY KY WTR FACS REVENUE                                | CUSIP: 69068WAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2049515.60   | 0.13%             | 2040-06-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                               | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516445.60    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Marshall MN                                                           | MARSHALL MN EDU SVC FACS LSE REV                             | CUSIP: 572509AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $362957.49    | 0.02%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                        | MINNEAPOLIS MN HLTH CARE SYS REVENUE                         | CUSIP: 60374VEX7<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |  15935000 | PA      | $17356438.65  | 1.08%             | 2053-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                              | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1261868.38   | 0.08%             | 2054-10-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                   | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DJD5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2340717.80   | 0.15%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cabot AR Sales & Use Tax Revenue                                      | CABOT AR SALES & USE TAX                                     | CUSIP: 127028ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $466611.89    | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                       | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XT4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9800357.00   | 0.61%             | 2056-04-01      | Floating      | 3.19%                 | No            |                  2 | On Loan: No      |
| Midland County Hospital District                                              | MIDLAND CNTY TX HOSP DIST                                    | CUSIP: 597503DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $938050.57    | 0.06%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                           | LOUISVILLE & JEFFERSON CNTY KY MET GOVT POLL CONTROL REVENUE | CUSIP: 546749AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7180419.00   | 0.45%             | 2027-11-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                           | COLUMBUS OH REGL ARPT AUTH REVENUE                           | CUSIP: 199546CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3232263.90   | 0.20%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035REN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3870000 | PA      | $3870000.00   | 0.24%             | 2052-06-01      | Floating      | 2.94%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                | LOWER COLORADO RIVER TX AUTH REVENUE                         | CUSIP: 54811GJ84<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1440451.80   | 0.09%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                         | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PD5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2111325.96   | 0.13%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                     | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423487V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4612495.05   | 0.29%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                            | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE               | CUSIP: 3922744S2<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    645000 | PA      | $645000.00    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EHN1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2636375.32   | 0.16%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                               | HAWAII ST                                                    | CUSIP: 419792HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5027095.50   | 0.31%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                 | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513358.55    | 0.03%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                  | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE         | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1261535.88   | 0.08%             | 2050-09-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Thornton Development Authority                                                | THORNTON CO DEV AUTH TAX INCR                                | CUSIP: 885277EZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $411753.94    | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                      | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009QZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9469458.15   | 0.59%             | 2051-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                          | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653JR3<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3332430.74   | 0.21%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kingfisher Special Projects Authority                                         | KINGFISHER OK SPL PROJS AUTH EDUCTNL FACS LEASE REVENUE      | CUSIP: 49572PAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2013760.65   | 0.13%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Marshall MN                                                           | MARSHALL MN EDU SVC FACS LSE REV                             | CUSIP: 572509AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $424347.14    | 0.03%             | 2030-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                       | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HDW9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    600000 | PA      | $651876.00    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH HEALTH SVCS FACS LEASE REVENUE          | CUSIP: 452031AD9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    600000 | PA      | $609445.08    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                         | HAMILTON CNTY OH HOSP FACS REVENUE                           | CUSIP: 407272W33<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    655000 | PA      | $662150.31    | 0.04%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JCT8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    860000 | PA      | $860176.82    | 0.05%             | 2028-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                           | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QPF4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    240000 | PA      | $242685.43    | 0.02%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712D6X9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  18300000 | PA      | $18674235.00  | 1.17%             | 2051-02-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                 | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10796432.00  | 0.67%             | 2042-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                         | PENNSYLVANIA ST ECON DEV FING AUTH SEWAGE SLUDGE DISP REVENU | CUSIP: 70870FAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $615884.74    | 0.04%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                   | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647CZ2<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   5045000 | PA      | $5123750.94   | 0.32%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                       | WASHINGTON SUBURBAN SAN DIST MD                              | CUSIP: 940158HR2<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1735000.00   | 0.11%             | 2027-06-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                   | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647JU6<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   6320000 | PA      | $6320000.00   | 0.39%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birmingham Airport Authority                                                  | BIRMINGHAM AL ARPT AUTH ARPT REVENUE                         | CUSIP: 090888GK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $916062.48    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                         | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                | CUSIP: 140427BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015864.20   | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                              | NORTH CAROLINA ST CAPITAL FACS FIN AGY REVENUE               | CUSIP: 65819GLS5<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1170683.98   | 0.07%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                             | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UGT4<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    590000 | PA      | $594795.23    | 0.04%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                        | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972EKC2<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    535000 | PA      | $530175.53    | 0.03%             | 2026-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                              | ALASKA ST INDL DEV & EXPORT AUTH REVENUE                     | CUSIP: 011903FU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1310000.00   | 0.08%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Unified School District                                         | SAN FRANCISCO CITY & CNTY CA UNIF SCH DIST                   | CUSIP: 79771TLB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4995000 | PA      | $4998659.84   | 0.31%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035JL67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5625000 | PA      | $5625000.00   | 0.35%             | 2054-10-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                    | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WU6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2463977.08   | 0.15%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                             | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615LS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1990000.00   | 0.12%             | 2059-04-15      | Floating      | 2.99%                 | No            |                  2 | On Loan: No      |
| Oregon State Business Development Commission                                  | OREGON ST BUSINESS DEV COMMISSION REVENUE                    | CUSIP: 68609AAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5065430.00   | 0.32%             | 2040-12-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Love Field Airport Modernization Corp                                         | LOVE FIELD TX ARPT MODERNIZATION CORP GEN ARPT REVENUE       | CUSIP: 54714CBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3319828.85   | 0.21%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Environmental Improvement & Energy Resources Authority         | MISSOURI ST ENVRNMNTL IMPT & ENERGY RESOURCES AUTH           | CUSIP: 606907BK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1641596.13   | 0.10%             | 2038-05-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                               | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JCK0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1599793.50   | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Travis County Housing Finance Corp                                            | TRAVIS CNTY TX HSG FIN CORP MF HSG REVENUE                   | CUSIP: 89438UBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003475.20   | 0.13%             | 2045-06-01      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Comanche County Hospital Authority                                            | COMANCHE CNTY OK HOSP AUTH REVENUE                           | CUSIP: 199875HN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500245.30    | 0.03%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                         | CHICAGO IL PARK DIST                                         | CUSIP: 167615WW9<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004136.60   | 0.06%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Housing Finance Corp                                                  | HOUSTON TX HSG FIN CORP MF HSG REVENUE                       | CUSIP: 442396EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3740692.97   | 0.23%             | 2048-02-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                              | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C5N1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2786915.75   | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harvey County Unified School District 440 Halstead-Bentley                    | HARVEY CNTY KS UNIF SCH DIST #440 HALSTEAD                   | CUSIP: 417632DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $137491.88    | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                                     | NEWARK NJ BRD OF EDU                                         | CUSIP: 650370DH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $372638.77    | 0.02%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                  | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS             | CUSIP: 95648VBP3<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2512252.25   | 0.16%             | 2036-04-01      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DES1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002896.00   | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                         | HENNEPIN CNTY MN                                             | CUSIP: 425507GX2<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.09%             | 2038-12-01      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                             | MARYLAND ST                                                  | CUSIP: 574193NM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4082456.00   | 0.25%             | 2030-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                     | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 574218Z22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3581788.00   | 0.22%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JKF9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2673251.50   | 0.17%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                         | NEW JERSEY ST HLTH CARE FACS FING AUTH DEPT HUMAN SVCS       | CUSIP: 64579XEM2<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044940.60   | 0.13%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712D4A1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1074480.28   | 0.07%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                          | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675935P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4913751.60   | 0.31%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                     | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526208.00   | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boone Mchenry & Dekalb Counties Community Unit School District 100            | BOONE MCHENRY & DEKALB CNTYS IL CMNTY UNIT SCH DIST #100     | CUSIP: 099032HS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2163450.45   | 0.14%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Floater/Residual Trust                                                 | MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES                 | CUSIP: 60700HUN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1850000.00   | 0.12%             | 2038-03-01      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                         | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                | CUSIP: 140427BF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                      | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009RT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5296001.50   | 0.33%             | 2050-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                  | HONOLULU CITY & CNTY HI MF REVENUE                           | CUSIP: 438697BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4720473.45   | 0.29%             | 2029-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                             | Territory of Guam                                            | CUSIP: 40065NCM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057829.20   | 0.07%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YB24<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    300000 | PA      | $306387.12    | 0.02%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                         | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736T23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3584388.15   | 0.22%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                 | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                 | CUSIP: 514350AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201193.64    | 0.01%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JGV9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1269411.38   | 0.08%             | 2054-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                | CUSIP: 52349EES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $780493.90    | 0.05%             | 2029-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                 | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                 | CUSIP: 514350AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $227053.01    | 0.01%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FGH2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    630000 | PA      | $621647.84    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                              | KATY TX INDEP SCH DIST                                       | CUSIP: 486063V49<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6055701.60   | 0.38%             | 2050-08-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                 | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503310.40    | 0.03%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing Options Inc/TX                                                        | HSG OPTIONS INC TX MF REVENUE                                | CUSIP: 44183TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4068912.00   | 0.25%             | 2045-11-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                             | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2171878.60   | 0.14%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                        | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WCX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $442828.17    | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bartow County Development Authority                                           | BARTOW CNTY GA DEV AUTH                                      | CUSIP: 069643BN3<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3076799.70   | 0.19%             | 2032-12-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | PUBLIC FIN AUTH WI POLL CONTROL REVENUE                      | CUSIP: 74447HAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008315.40   | 0.19%             | 2046-10-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                    | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445UJ6<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2594046.75   | 0.16%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                         | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AST5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4586628.88   | 0.29%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| McMinnville-Warren County Industrial Development Board                        | MCMINNVILLE WARREN CNTY TN INDL DEV BRD MF HSG               | CUSIP: 582401AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3247697.05   | 0.20%             | 2029-09-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Lassen Municipal Utility District                                             | LASSEN CA MUNI UTILITY DIST COPS                             | CUSIP: 518083AJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $455328.23    | 0.03%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                           | AKRON OH INCOME TAX REVENUE                                  | CUSIP: 010056MP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2082452.00   | 0.13%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                           | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                  | CUSIP: 92778FKG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302696.58    | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gerald R Ford International Airport Authority                                 | GERALD R FORD INTERNATIONAL ARPT AUTH MI REVENUE             | CUSIP: 373695BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160510.58    | 0.01%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                  | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS             | CUSIP: 95648VBY4<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2517919.75   | 0.16%             | 2041-01-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Wildwood Utility Dependent District                                           | WILDWOOD UTILITY DEPENDENT DIST FL UTILITY REVENUE           | CUSIP: 968214AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266902.93    | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Joplin Industrial Development Authority                                       | JOPLIN MO INDL DEV AUTH HLTH FACS REVENUE                    | CUSIP: 480639CU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $935617.70    | 0.06%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                           | WASHINGTON ST                                                | CUSIP: 93974EDB9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1595794.63   | 0.10%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                             | MISSION TX ECON DEV CORP SOL WST DISP REVENUE                | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2589645.25   | 0.16%             | 2064-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Bond Development Corp                                                | KENTUCKY BOND DEV CORP EDUCTNL FACS REVENUE                  | CUSIP: 49120AAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $211444.36    | 0.01%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Marshall MN                                                           | MARSHALL MN EDU SVC FACS LSE REV                             | CUSIP: 572509AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $457694.54    | 0.03%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035PP44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2665000.00   | 0.17%             | 2055-02-15      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                    | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 610530FU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2441866.75   | 0.15%             | 2049-07-01      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                        | MAINE HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 56042RXS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508361.10    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                | E-470 CO PUBLIC HIGHWAY AUTH                                 | CUSIP: 26822LMN1<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1788206.88   | 0.11%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Hospital Authority/The PA                                    | JEFFERSON CNTY PA HOSP AUTH                                  | CUSIP: 473452BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7030983.40   | 0.44%             | 2027-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Alamo Area Housing Finance Corp                                               | ALAMO AREA TX HSG FIN CORP MF MULTIFAMILY HSG REV            | CUSIP: 011414AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5074301.50   | 0.32%             | 2044-07-10      | Floating      | 3.39%                 | No            |                  2 | On Loan: No      |
| State of Alaska International Airports System                                 | ALASKA ST INTERNATIONAL ARPTS REVENUES                       | CUSIP: 011842UR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $824684.79    | 0.05%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204E7K8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2438571.01   | 0.15%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                          | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HAE7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5763481.20   | 0.36%             | 2045-05-15      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                            | MONTANA ST FAC FIN AUTH REVENUE                              | CUSIP: 61204KNM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519633.70    | 0.03%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tippecanoe County School Building Corp                                        | TIPPECANOE CNTY IN SCH BLDG CORP                             | CUSIP: 88786PJJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $239512.55    | 0.01%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                    | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TWZ2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7601761.68   | 0.47%             | 2049-11-15      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                       | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817UQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1180702.75   | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Halifax Hospital Medical Center                                               | HALIFAX FL HOSP MED CTR                                      | CUSIP: 405815LD1<br>LEI: 549300H6HDJUXLEMUW23 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1377953.36   | 0.09%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Springdale AR Sales & Use Tax Revenue                                 | SPRINGDALE AR SALES & USE REVENUE                            | CUSIP: 850269FS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $338903.47    | 0.02%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Texoma Utility Authority                                              | GTR TEXOMA TX UTILITY AUTH CONTRACT REVENUE                  | CUSIP: 39239H5D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $456233.48    | 0.03%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                   | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DJE3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2926328.08   | 0.18%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                          | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917SKB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2985000 | PA      | $2998288.62   | 0.19%             | 2033-05-01      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Memphis Light Gas & Water Division Electric System Revenue | MEMPHIS TN ELEC SYS REVENUE                                  | CUSIP: 586158QN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $617896.92    | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Science and Technology Park Metropolitan District No 1               | COLORADO SCIENCE AND TECH PARK MET DIST NO 1                 | CUSIP: 19658CAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $739628.28    | 0.05%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                              | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 7092248P7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.09%             | 2039-12-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| City of Maple Grove MN                                                        | MAPLE GROVE MN HLTH CARE FACS REVENUE                        | CUSIP: 56516TBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018432.60   | 0.06%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                        | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WC7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3740652.38   | 0.23%             | 2026-02-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| County of Fort Bend TX Toll Road Revenue                                      | FORT BEND CNTY TX TOLL ROAD REVENUE                          | CUSIP: 346817ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $671343.30    | 0.04%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                   | OHIO ST HSG FIN AGY MF HSG REVENUE                           | CUSIP: 676900XP3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1822109.22   | 0.11%             | 2047-11-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                         | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GBX0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11465182.60  | 0.72%             | 2049-02-01      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                     | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE           | CUSIP: 34073TMR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $760623.68    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mishawaka Redevelopment Authority                                             | MISHAWAKA IN REDEV AUTH LEASE RENT REVENUE                   | CUSIP: 604796AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1058220.56   | 0.07%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Macon County School District No 61 Decatur                                    | MACON CNTY IL SCH DIST #61                                   | CUSIP: 555597HG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $609569.52    | 0.04%             | 2027-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461362E0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3316921.66   | 0.21%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                           | ALLEGHENY CNTY PA SAN AUTH                                   | CUSIP: 017357F74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $863731.41    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                       | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HDV1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    300000 | PA      | $319652.25    | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | PUBLIC FIN AUTH WI SOL WST DISP REVENUE                      | CUSIP: 74445MAB5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1382254.44   | 0.09%             | 2027-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                          | ALASKA ST MUNI BOND BANK AUTH                                | CUSIP: 01179R3Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $557291.42    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                   | SHELBY CNTY TN HLTH EDUCTNL &HSG FACS BRD REVENUE            | CUSIP: 821697R92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2685000 | PA      | $2757605.62   | 0.17%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oil City PA                                                           | OIL CITY PA                                                  | CUSIP: 677789EA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $200637.22    | 0.01%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                  | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431464S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $792774.22    | 0.05%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FEH4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4175000 | PA      | $4219316.79   | 0.26%             | 2050-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                    | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505UX2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1751589.77   | 0.11%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                      | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BQJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $171910.14    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                           | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 735240V67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1259065.00   | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Educational Facilities Authority                            | PALM BEACH CNTY FL EDUCTNL FACS AUTH                         | CUSIP: 696506AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $256913.09    | 0.02%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                         | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5116738.50   | 0.32%             | 2054-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Broome County Local Development Corp                                          | BROOME CNTY NY LOCAL DEV CORP REVENUE                        | CUSIP: 114731AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $980398.39    | 0.06%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                             | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE             | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  11390000 | PA      | $11402363.85  | 0.71%             | 2049-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                             | LONG BEACH CA BOND FIN AUTH NATURAL GAS PURCHASE REVENUE     | CUSIP: 54241ABB8<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010444.40   | 0.13%             | 2026-11-15      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| City of Springdale AR Sales & Use Tax Revenue                                 | SPRINGDALE AR SALES & USE REVENUE                            | CUSIP: 850269FR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109903.34    | 0.01%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                       | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151P45<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    400000 | PA      | $410810.56    | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Port Arthur TX                                                        | PORT ARTHUR TX                                               | CUSIP: 733488R28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $319449.64    | 0.02%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                 | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3749875.15   | 0.23%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                             | ILLINOIS ST                                                  | CUSIP: 452152X55<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2093190.80   | 0.13%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                             | MISSION TX ECON DEV CORP SOL WST DISP REVENUE                | CUSIP: 605155BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999659.80   | 0.19%             | 2048-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                              | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197865.94    | 0.01%             | 2028-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                            | CHICAGO IL                                                   | CUSIP: 167486G37<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    340000 | PA      | $354586.68    | 0.02%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                             | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE   | CUSIP: 84136JAG4<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5865000 | PA      | $6505140.12   | 0.41%             | 2032-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                  | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $411728.20    | 0.03%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                        | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SYG3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    570000 | PA      | $576232.38    | 0.04%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Housing Finance Authority                                          | LEE CNTY FL HSG FIN AUTH MF HSG REVENUE                      | CUSIP: 52349HBH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2874580.97   | 0.18%             | 2042-12-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                          | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675933R1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $339414.42    | 0.02%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baytown Municipal Development District                                        | BAYTOWN MUNI DEV DIST TX                                     | CUSIP: 073201AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $480000.00    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                         | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261A5W3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8932829.60   | 0.56%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Laurel Highlands School District                                              | LAUREL HIGHLANDS PA SCH DIST                                 | CUSIP: 518705MV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1345748.57   | 0.08%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                           | NEW YORK NY                                                  | CUSIP: 64966QZZ6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 0.44%             | 2052-05-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                          | ALASKA ST MUNI BOND BANK AUTH                                | CUSIP: 01179R4A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $593529.16    | 0.04%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Public Financing Authority                                   | RIVERSIDE CNTY CA PUBLIC FINGAUTH                            | CUSIP: 76912TKJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252391.25   | 0.08%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                        | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WDB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3640329.47   | 0.23%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No 1                                   | SKAGIT CNTY WA PUBLIC HOSP DIST #1                           | CUSIP: 830227DW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3655000 | PA      | $3723858.74   | 0.23%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                              | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DEJ9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1482637.94   | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe School District/WI                                                     | MONROE WI SCH DIST                                           | CUSIP: 611424LB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $740684.72    | 0.05%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                          | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562TT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3755000 | PA      | $4034857.90   | 0.25%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Buffalo WI                                                          | BUFFALO CNTY WI                                              | CUSIP: 119511CU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $671918.07    | 0.04%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                     | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4624642.18   | 0.29%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                      | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530310.60    | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                             | DALLAS TX SPL TAX REVENUE                                    | CUSIP: 235380AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3415000 | PA      | $3416647.40   | 0.21%             | 2053-08-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                  | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UQC1<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1652734.24   | 0.10%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                              | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2698056.00   | 0.17%             | 2053-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Sewerage Commission                                          | E BATON ROUGE PARISH LA SWR COMMISSION REVENUE               | CUSIP: 270618HF1<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939156.00    | 0.06%             | 2041-02-01      | Floating      | 1.30%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                  | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613ACG5<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200000.00   | 0.07%             | 2025-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                          | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TAK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1965389.12   | 0.12%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                      | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038830.60   | 0.13%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Memphis Light Gas & Water Division Electric System Revenue | MEMPHIS TN ELEC SYS REVENUE                                  | CUSIP: 586158QP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $474862.10    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                   | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DNY4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    300000 | PA      | $315343.98    | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Port Arthur TX                                                        | PORT ARTHUR TX                                               | CUSIP: 733488R93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $384335.15    | 0.02%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Waukegan IL Water & Sewer System Revenue                              | WAUKEGAN IL WTR & SWR REVENUE                                | CUSIP: 943011KQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $294195.16    | 0.02%             | 2027-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ithaca NY                                                             | ITHACA CITY NY                                               | CUSIP: 465650U72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9740111 | PA      | $9768327.13   | 0.61%             | 2026-02-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                              | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225AE6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301094.73    | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh & Allegheny County                | PITTSBURGH & ALLEGHENY CNTY PA SPORTS & EXHIBITION AUTH SALE | CUSIP: 724799BM2<br>LEI: 254900JJT7A9Y409G258 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014935.00   | 0.13%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                   | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DNX6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258398.70    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Housing Finance Corp                                                | ARLINGTON TX HSG FIN CORP MF HSG REVENUE                     | CUSIP: 041818AA3<br>LEI: 5493005AKGOT669Z4P51 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5001770.50   | 0.31%             | 2043-11-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                        | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972E4M8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5506316.20   | 0.34%             | 2063-05-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Chatom Industrial Development Board                                           | CHATOM AL INDL DEV BRD GULF OPPORTUNITY ZONE                 | CUSIP: 16229PAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508113.50    | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                               | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528UR86<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3047262.30   | 0.19%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                            | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000B4J4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    375000 | PA      | $408753.45    | 0.03%             | 2031-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                             | PORT OF MORROW OR                                            | CUSIP: 73473RCX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $542735.19    | 0.03%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sublette County Hospital District                                             | SUBLETTE CO WY HOSP DIST REVENUE                             | CUSIP: 86428TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500863.80   | 0.22%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                              | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UK49<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545393.35    | 0.03%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                             | ILLINOIS ST                                                  | CUSIP: 452153EW5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  13500000 | PA      | $14774406.75  | 0.92%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JCR2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    795000 | PA      | $793205.05    | 0.05%             | 2026-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Weld County Water District                                            | CENTRL WELD CNTY CO WTR DIST REVENUE                         | CUSIP: 156024BM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525902.20    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                          | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HCP0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10161552.00  | 0.63%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Memphis Light Gas & Water Division Electric System Revenue | MEMPHIS TN ELEC SYS REVENUE                                  | CUSIP: 586158QM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602360.94    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                             | COOK CNTY IL                                                 | CUSIP: 213185LT6<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2003267.57   | 0.13%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                  | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431464R9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $829134.41    | 0.05%             | 2026-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                     | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349GD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3169524.30   | 0.20%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County Township High School District No 227 Rich Township                | COOK CNTY TWP IL HIGH SCH DIST #227 RICH TWP                 | CUSIP: 215795RW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2079491.60   | 0.13%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                      | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BQK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $176861.04    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mount Vernon NY                                                       | MOUNT VERNON NY                                              | CUSIP: 623589QK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7533000 | PA      | $7584848.13   | 0.47%             | 2026-05-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Industrial Authority                                             | TULSA CNTY OK INDL AUTH EDUCTNL FACS LEASE REVENUE           | CUSIP: 89952PHH1<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    835000 | PA      | $936593.95    | 0.06%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grundy Kendall & Will Counties Community High School District No 111 Minooka  | GRUNDY KENDALL & WILL CNTYS IL CMNTY HIGH SCH DIST #111      | CUSIP: 400424MF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509855.50    | 0.03%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                            | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTHCARE REVENUE        | CUSIP: 83704HAD9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $265610.33    | 0.02%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Peoria IL                                                           | PEORIA CNTY IL SEWERAGE FACS REVENUE                         | CUSIP: 713170AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4300000.00   | 0.27%             | 2030-02-01      | Floating      | 3.39%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                        | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972EKB4<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    520000 | PA      | $519556.70    | 0.03%             | 2025-11-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                     | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                  | CUSIP: 121342QJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8544236.55   | 0.53%             | 2032-10-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                   | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3227759.70   | 0.20%             | 2053-07-01      | Floating      | 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        |   5000000 | PA      | $5435557.50   | 0.34%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                           | GEISINGER PA AUTH HLTH SYS REVENUE                           | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10195669.00  | 0.64%             | 2043-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Marshall MN                                                           | MARSHALL MN EDU SVC FACS LSE REV                             | CUSIP: 572509AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $339525.91    | 0.02%             | 2027-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Birmingham Airport Authority                                                  | BIRMINGHAM AL ARPT AUTH ARPT REVENUE                         | CUSIP: 090888GL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521323.50    | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                          | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1199507.19   | 0.07%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highlands County Health Facilities Authority                                  | HIGHLANDS CNTY FL HLTH FACS AUTH                             | CUSIP: 431022TQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10250000 | PA      | $10250000.00  | 0.64%             | 2034-11-15      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                        | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WDZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217444.22    | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                 | OHIO ST SPL OBLG                                             | CUSIP: 67759HQL1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   6065000 | PA      | $6065000.00   | 0.38%             | 2036-10-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                         | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736E29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2554847.75   | 0.16%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                  | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743VE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $595692.40    | 0.04%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Minnesota Municipal Power Agency                                      | CENTRL MN MUNI PWR AGY                                       | CUSIP: 154136AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526997.50    | 0.03%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Port Arthur TX                                                        | PORT ARTHUR TX                                               | CUSIP: 733488Q94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $292355.06    | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                         | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ANL7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    365000 | PA      | $390018.82    | 0.02%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                              | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UK23<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    200000 | PA      | $213827.30    | 0.01%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                      | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398GC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503703.20   | 0.09%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia KY                                                           | COLUMBIA KY EDUCTNL DEV REVENUE                              | CUSIP: 197763ER2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $540565.39    | 0.03%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3946851.87   | 0.25%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH HEALTH SVCS FACS LEASE REVENUE          | CUSIP: 452031AC1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                       | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806Y20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $356320.23    | 0.02%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                       | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HDU3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    300000 | PA      | $313794.12    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                   | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104QU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1217940.75   | 0.08%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Lawrence County Industrial Development Agency                              | ST LAWRENCE CNTY NY INDL DEV AGY CIVIC DEV CORP REVENUE      | CUSIP: 791078ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406389.36    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                       | LEHIGH CNTY PA GEN PURPOSE AUTH CHRT SCH REVENUE             | CUSIP: 52480EAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1007086.98   | 0.06%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                   | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647CY5<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015843.90   | 0.06%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Power Agency                                                  | TEXAS ST MUNI PWR AGY REVENUE                                | CUSIP: 882555ZJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $951776.69    | 0.06%             | 2026-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Broome County Local Development Corp                                          | BROOME CNTY NY LOCAL DEV CORP REVENUE                        | CUSIP: 114731AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505018.70    | 0.03%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                        | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DYA3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    305000 | PA      | $313492.39    | 0.02%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                   | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HXS9<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    275000 | PA      | $275993.63    | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Boone KY                                                            | BOONE CNTY KY POLL CONTROL REVENUE                           | CUSIP: 098792AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2775606.90   | 0.17%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                            | CHICAGO IL                                                   | CUSIP: 167486F87<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2485953.99   | 0.16%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                             | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4813020.45   | 0.30%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Gerald R Ford International Airport Authority                                 | GERALD R FORD INTERNATIONAL ARPT AUTH MI REVENUE             | CUSIP: 373695BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1223371.29   | 0.08%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                  | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743VD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400689.04    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Marshall MN                                                           | MARSHALL MN EDU SVC FACS LSE REV                             | CUSIP: 572509AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181231.38    | 0.01%             | 2026-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                   | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDU3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4071251.60   | 0.25%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Huntingdon County General Authority                                           | HUNTINGDON CNTY PA GEN AUTH REVENUE                          | CUSIP: 44586SBN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $432289.02    | 0.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                                | ALLSPRING GOVERNMENT MONEY MAR                               | CUSIP: 000000000<br>LEI: 549300GFSYYLVYEWA041 | Long             | STIV             | RF                | US        |   1298396 | NS      | $1298395.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Park District                                                         | CHICAGO IL PARK DIST                                         | CUSIP: 167615WT6<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004294.70   | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga Metropolitan Housing Authority                                       | CUYAHOGA OH MET HSG AUTH MF HSG REVENUE                      | CUSIP: 23239TAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4010228.80   | 0.25%             | 2027-12-01      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                        | UNIV OF COLORADO CO ENTERPRISE SYS REVENUE                   | CUSIP: 91417NCZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499265.00   | 0.16%             | 2051-06-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                      | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758ZN6<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3536616.42   | 0.22%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Interlocal School Transportation Association                         | KENTUCKY ST INTERLOCAL SCH TRANSPRTN ASSN EQUIPMENT LEASE RE | CUSIP: 491325NJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1094522.86   | 0.07%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Monroeville Finance Authority                                                 | MONROEVILLE PA FIN AUTH UPMC REVENUE                         | CUSIP: 611530DW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $475216.32    | 0.03%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                              | ALASKA ST INDL DEV & EXPORT AUTH REVENUE                     | CUSIP: 011903FV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $391859.62    | 0.02%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                        | MIAMI-DADE CNTY FL EXPRESSWAY AUTH TOLL SYS REVENUE          | CUSIP: 59334KJF6<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4006272.80   | 0.25%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FMB8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.25%             | 2055-07-15      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                               | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JCJ3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    675000 | PA      | $712128.51    | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alvarado Independent School District/TX                                       | ALVARADO TX INDEP SCH DIST                                   | CUSIP: 022357P92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2577840.00   | 0.16%             | 2052-02-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                        | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045X73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2184010.42   | 0.14%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson County Facilities Authority                                           | JACKSON CNTY OK FACS AUTH SALES TAX REVENUE                  | CUSIP: 466601BQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $827385.35    | 0.05%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Hamden CT                                                             | HAMDEN CT                                                    | CUSIP: 4067928D6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $723704.14    | 0.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Geneva IL                                                             | GENEVA IL                                                    | CUSIP: 372064MA0<br>LEI: 549300RX20WHCWI24R35 | Long             | DBT              | MUN               | US        |    280000 | PA      | $288498.45    | 0.02%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                   | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8900000 | PA      | $8954239.27   | 0.56%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Wildwood Utility Dependent District                                           | WILDWOOD UTILITY DEPENDENT DIST FL UTILITY REVENUE           | CUSIP: 968214AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209145.22    | 0.01%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                  | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059J23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5221189.50   | 0.33%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                | TEXAS ST PUBLIC FIN AUTH                                     | CUSIP: 8827566Z7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011966.50   | 0.06%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Snohomish County Housing Authority                                            | SNOHOMISH CNTY WA HSG AUTH                                   | CUSIP: 83309AFH9<br>LEI: 549300FESB68D2IR7250 | Long             | DBT              | MUN               | US        |    730000 | PA      | $737066.62    | 0.05%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                          | CLEVELAND OH                                                 | CUSIP: 186343N39<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3623755.18   | 0.23%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Midland County Hospital District                                              | MIDLAND CNTY TX HOSP DIST                                    | CUSIP: 597503DU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $1007971.74   | 0.06%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                               | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GYR9<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2263974.44   | 0.14%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fort Bend TX Toll Road Revenue                                      | FORT BEND CNTY TX TOLL ROAD REVENUE                          | CUSIP: 346817EC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $495588.24    | 0.03%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                            | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BJM1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    825000 | PA      | $866574.39    | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                   | NEW YORK CITY NY INDL DEV AGY REVENUE                        | CUSIP: 64971PKY0<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090484.20   | 0.07%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                          | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TSS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15000000.00  | 0.94%             | 2061-11-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                  | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE         | CUSIP: 649852AT7<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1250184.60   | 0.08%             | 2050-09-01      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035JCN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1275000.00   | 0.08%             | 2054-02-15      | Floating      | 3.01%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                 | OHIO ST HOSP REVENUE                                         | CUSIP: 67756CFG8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |  12400000 | PA      | $12400000.00  | 0.77%             | 2049-01-15      | Floating      | 3.15%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                   | DAYTON OH CITY SCH DIST COPS                                 | CUSIP: 239851CJ5<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |    270000 | PA      | $270676.94    | 0.02%             | 2027-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                      | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250FL3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1682929.79   | 0.11%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                       | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817UR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1459950.94   | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10853380.00  | 0.68%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Fe NM                                                         | SANTA FE CNTY NM MF REVENUE                                  | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4022812.00   | 0.25%             | 2049-12-10      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                    | MAINE ST FIN AUTH LOAN REVENUE                               | CUSIP: 56042TBN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $426154.47    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Indianola IA                                                          | INDIANOLA IA                                                 | CUSIP: 455560QY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $913378.93    | 0.06%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State University                                                     | KENTUCKY ST UNIV COPS                                        | CUSIP: 491588AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213881.04    | 0.01%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Sumter County Utility Dependent District                                | N SUMTER CNTY FL UTILITY DEPENDENT DIST UTILITY REVENUE      | CUSIP: 66272RDQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $708661.12    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                       | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350365A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001712.80   | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                             | MISSISSIPPI ST BUSINESS FIN CORP SOL WST DISP REVENUE        | CUSIP: 60527MAZ2<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120000.00    | 0.01%             | 2028-05-01      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| Tippecanoe County School Building Corp                                        | TIPPECANOE CNTY IN SCH BLDG CORP                             | CUSIP: 88786PJM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547262.20    | 0.03%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                   | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647JV4<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1204183.98   | 0.08%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                   | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDV1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3413053.02   | 0.21%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Utah Valley Power Systems                                            | STHRN UT VLY PWR SYS TRANSMISSION SYS REVENUE                | CUSIP: 84408PAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $334147.86    | 0.02%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Bond Development Corp                                                | KENTUCKY BOND DEV CORP EDUCTNL FACS REVENUE                  | CUSIP: 49120AAZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256893.80    | 0.02%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                     | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QSF7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4034606.40   | 0.25%             | 2052-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                      | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YB32<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    410000 | PA      | $430056.87    | 0.03%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Barry MO                                                            | BARRY CNTY MO COPS                                           | CUSIP: 06882PAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $638285.70    | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                    | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 610530FZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6098529.00   | 0.38%             | 2048-11-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                          | ALASKA ST MUNI BOND BANK AUTH                                | CUSIP: 01179RE58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1386819.09   | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035HGW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10530000 | PA      | $10530000.00  | 0.66%             | 2029-01-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                       | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998920.60   | 0.12%             | 2061-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Kane Cook & DuPage etc Counties Community College District No 509 Elgin       | KANE COOK & DU PAGE CNTYS IL CMNTY CLG DIST #509             | CUSIP: 483854JE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $977365.15    | 0.06%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                           | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $629948.59    | 0.04%             | 2046-01-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FHM0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2238423.75   | 0.14%             | 2042-05-01      | Floating      | 3.59%                 | No            |                  2 | On Loan: No      |
| Industrial Development Board of the City of Mobile Alabama                    | MOBILE AL INDL DEV BRD POLL CONTROL REVENUE                  | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3004388.70   | 0.19%             | 2034-07-15      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                  | HONOLULU CITY & CNTY HI MF REVENUE                           | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4558858.20   | 0.28%             | 2027-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                   | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647JW2<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043339.40   | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe & St Clair Counties Community Unit School District No 4 Columbia/IL    | MONROE & SAINT CLAIR CNTYS IL CMNTY UNIT SCH DIST #4 COLUMBI | CUSIP: 610251EM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2176302.61   | 0.14%             | 2040-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lassen Municipal Utility District                                             | LASSEN CA MUNI UTILITY DIST COPS                             | CUSIP: 518083AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $479048.39    | 0.03%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                     | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                  | CUSIP: 121342QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2537890.25   | 0.16%             | 2049-12-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FPN9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    480000 | PA      | $474694.80    | 0.03%             | 2027-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                        | CALIFORNIA ST MUNI FIN AUTH COPS                             | CUSIP: 130493BZ1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2829980.10   | 0.18%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                            | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU | CUSIP: 88255QAE9<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   3645000 | PA      | $3625970.18   | 0.23%             | 2027-09-15      | Floating      | 3.44%                 | No            |                  2 | On Loan: No      |
| City of Valley Center KS                                                      | VLY CENTER KS                                                | CUSIP: 919443XF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4815000 | PA      | $4817396.43   | 0.30%             | 2025-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue       | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WUS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.04%             | 2041-08-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Louisa Industrial Development Authority                                       | LOUISA VA INDL DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 546068AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5045434.00   | 0.32%             | 2035-11-01      | Floating      | 3.13%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                             | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UKF9<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1326950.63   | 0.08%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                          | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REAL ESTATE TRANSFER TAX  | CUSIP: 896032AE9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    750000 | PA      | $828812.18    | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                        | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WCY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1161903.60   | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Summit County Development Finance Authority                                   | SUMMIT CNTY OH DEV FIN AUTH MF HSG REVENUE                   | CUSIP: 86607MAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4267918.13   | 0.27%             | 2044-10-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Highlands County Health Facilities Authority                                  | HIGHLANDS CNTY FL HLTH FACS AUTH                             | CUSIP: 431022TN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4100000.00   | 0.26%             | 2032-11-15      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                       | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CFK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14827236.20  | 0.93%             | 2050-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                          | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE            | CUSIP: 73360CAE4<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    800000 | PA      | $795279.44    | 0.05%             | 2026-01-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PSJ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $206248.68    | 0.01%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                 | PALM BEACH CNTY FL HLTH FACS AUTH                            | CUSIP: 69650MAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4560436.80   | 0.28%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                            | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000B4F2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    250000 | PA      | $262145.30    | 0.02%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri            | MISSOURI ST HLTH & EDUCTNL FACS AUTH                         | CUSIP: 60635H4F3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1925906.05   | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jackson MO                                                          | JACKSON CNTY MO SPL OBLG                                     | CUSIP: 467578LC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2985000 | PA      | $3065326.05   | 0.19%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                | LOWER COLORADO RIVER TX AUTH REVENUE                         | CUSIP: 54811GG61<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2078776.60   | 0.13%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                           | ALLEGHENY CNTY PA SAN AUTH                                   | CUSIP: 017357F82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $312407.34    | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                             | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY          | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5384118.50   | 0.34%             | 2054-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                | TENDER OPTION BOND TRUST RECEIPTS / CTFS                     | CUSIP: 88035DWB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3750000.00   | 0.23%             | 2036-09-01      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                   | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEK4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1566331.80   | 0.10%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                     | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU | CUSIP: 87638RGQ4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1458963.36   | 0.09%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                | LOWER COLORADO RIVER TX AUTH REVENUE                         | CUSIP: 54811GJ92<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2429710.65   | 0.15%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                         | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RR79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5069568.00   | 0.32%             | 2050-06-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| Borough of Dunmore PA                                                         | DUNMORE PA                                                   | CUSIP: 265741DM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195133.06    | 0.01%             | 2027-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Louisa Industrial Development Authority                                       | LOUISA VA INDL DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 546068AX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9142011.00   | 0.57%             | 2035-11-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                 | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BCT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5251682.50   | 0.33%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                       | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532PA6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052917.40   | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                            | DENTON TX INDEP SCH DIST                                     | CUSIP: 249002NL6<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2131907.40   | 0.13%             | 2055-08-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Department of Budget & Finance                                | HAWAII ST DEPT OF BUDGET & FIN SPL PURPOSE REVENUE           | CUSIP: 419800LW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2972564.10   | 0.19%             | 2026-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                            | CHICAGO IL                                                   | CUSIP: 167486H85<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   6316000 | PA      | $6390850.28   | 0.40%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                            | CHICAGO IL                                                   | CUSIP: 167486F79<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5022900.00   | 0.31%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Weatherford Industrial Trust                                                  | WEATHERFORD OK INDL TRUST EDUCTNL FACS LEASE REVENUE         | CUSIP: 947084AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1515894.97   | 0.09%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Butler Area School District                                                   | BUTLER PA AREA SCH DIST                                      | CUSIP: 123776XK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4695000 | PA      | $4695000.00   | 0.29%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                         | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145TC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $240774.78    | 0.02%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No 1                                   | SKAGIT CNTY WA PUBLIC HOSP DIST #1                           | CUSIP: 830227DX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035246.20   | 0.13%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                  | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JWP9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.31%             | 2055-05-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                           | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227LV1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1291712.32   | 0.08%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Registration Fee Revenue                     | PENNSYLVANIA ST TURNPIKE COMMISSION REGISTRATION FEE REVENUE | CUSIP: 709222DS9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8488193.50   | 0.53%             | 2041-07-15      | Floating      | 3.74%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                        | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WCW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $380474.62    | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                              | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UJ90<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210577.14    | 0.01%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster City Parking Authority                                              | LANCASTER PA PKG AUTH                                        | CUSIP: 514372JW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $550464.82    | 0.03%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                          | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FXB5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     80000 | PA      | $82065.86     | 0.01%             | 2049-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                         | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145TB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $228088.84    | 0.01%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rockport IN                                                           | ROCKPORT IN POLL CONTROL REVENUE                             | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4361935.65   | 0.27%             | 2047-06-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Borough of Dunmore PA                                                         | DUNMORE PA                                                   | CUSIP: 265741DN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $211678.37    | 0.01%             | 2028-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Lincoln Airport Authority                                                     | LINCOLN NE ARPT AUTH                                         | CUSIP: 534247QQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049645.90   | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TAN7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5923610.40   | 0.37%             | 2052-10-01      | Floating      | 3.24%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                      | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538073.95    | 0.03%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                            | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LES7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2091877.40   | 0.13%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                           | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QDC4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    510000 | PA      | $510753.63    | 0.03%             | 2033-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                     | COBB CNTY GA KENNESTONE HOSP AUTH                            | CUSIP: 190813TK1<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.02%             | 2047-04-01      | Floating      | 2.94%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                   | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647JX0<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063515.60   | 0.07%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Hotel Occupancy Tax Revenue                                 | DALLAS TX HOTEL OCCUPANCY TAX REVENUE                        | CUSIP: 235286AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1299152.42   | 0.08%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                               | OREGON ST                                                    | CUSIP: 68609UKK0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |  10485000 | PA      | $11191200.40  | 0.70%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                            | CHICAGO IL                                                   | CUSIP: 167486U80<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1595667.90   | 0.10%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                   | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542691EX4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   5590000 | PA      | $5506148.32   | 0.34%             | 2051-09-01      | Floating      | 1.50%                 | No            |                  2 | On Loan: No      |
| Greater Texoma Utility Authority                                              | GTR TEXOMA TX UTILITY AUTH CONTRACT REVENUE                  | CUSIP: 39239H5E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1679320.02   | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Milwaukee WI Airport Revenue                                        | MILWAUKEE CNTY WI ARPT REVENUE                               | CUSIP: 602248NE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $778201.46    | 0.05%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Industrial Development Authority                            | MIAMI-DADE CNTY FL INDL DEV AUTH SOL WST DISP REVENUE        | CUSIP: 59333GAN8<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499716.50   | 0.16%             | 2048-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington County Industrial Development Authority                             | ARLINGTON CNTY VA INDL DEV AUTH MF REVENUE                   | CUSIP: 04144PDW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6033043.80   | 0.38%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Science and Technology Park Metropolitan District No 1               | COLORADO SCIENCE AND TECH PARK MET DIST NO 1                 | CUSIP: 19658CAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098884.90   | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cortland NY                                                           | CORTLAND NY                                                  | CUSIP: 220633VK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6015478.80   | 0.38%             | 2026-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                  | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UQB3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513027.35   | 0.09%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                   | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104QV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1144996.55   | 0.07%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Trimble KY                                                          | TRIMBLE CNTY KY POLL CONTROL REVENUE                         | CUSIP: 896224BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5607610.20   | 0.35%             | 2044-09-01      | Floating      | 1.30%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                            | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308Q30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5037803.00   | 0.31%             | 2055-02-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                         | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145TA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $220039.14    | 0.01%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of West Memphis AR Sales & Use Tax Revenue                               | WEST MEMPHIS AR SALES & USE TAX REVENUE                      | CUSIP: 954354AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $2077620.52   | 0.13%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                            | CHICAGO IL                                                   | CUSIP: 167486T66<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4248095.60   | 0.27%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                            | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE               | CUSIP: 3922744M5<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1355000.00   | 0.08%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Andrews County Hospital District                                              | ANDREWS CNTY TX HOSP DIST                                    | CUSIP: 034451BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1798913.55   | 0.11%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JCA9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    140000 | PA      | $139808.20    | 0.01%             | 2027-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                          | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HHP5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3990018.90   | 0.25%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tippecanoe County School Building Corp                                        | TIPPECANOE CNTY IN SCH BLDG CORP                             | CUSIP: 88786PJH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $184331.93    | 0.01%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                    | STHRN CA PUBLIC PWR AUTH REVENUE                             | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   8710000 | PA      | $9369961.93   | 0.59%             | 2055-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                   | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104QW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1626922.95   | 0.10%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                  | NTHRN IL UNIV COPS                                           | CUSIP: 665238CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $936919.52    | 0.06%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                            | CHICAGO IL                                                   | CUSIP: 167486L49<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3091186.50   | 0.19%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                   | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021025.90   | 0.06%             | 2052-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Orlando Utilities Commission                                                  | ORLANDO FL UTILITIES COMMISSION UTILITY SYS REVENUE          | CUSIP: 686507JQ8<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909690.10    | 0.06%             | 2046-10-01      | Floating      | 1.25%                 | No            |                  2 | On Loan: No      |
| Tulsa County Industrial Authority                                             | TULSA CNTY OK INDL AUTH EDUCTNL FACS LEASE REVENUE           | CUSIP: 89952PHR9<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    460000 | PA      | $509759.67    | 0.03%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                              | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UJ82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800463.50   | 0.11%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Village of Johnson Creek WI                                                   | JOHNSON CREEK WI                                             | CUSIP: 479070JS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2403019.18   | 0.15%             | 2030-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                        | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                     | CUSIP: 67884XBT3<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003567.20   | 0.13%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Matteson IL                                                        | MATTESON IL                                                  | CUSIP: 577098QB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $589040.58    | 0.04%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                     | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE           | CUSIP: 34073TMQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oil City PA                                                           | OIL CITY PA                                                  | CUSIP: 677789EB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207696.26    | 0.01%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                        | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SYH1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    845000 | PA      | $874309.25    | 0.05%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                        | MINNEAPOLIS MN HLTH CARE SYS REVENUE                         | CUSIP: 60374VDP5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001946.20   | 0.06%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                     | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EMT7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   8080000 | PA      | $8826683.30   | 0.55%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PSK2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    225000 | PA      | $235940.76    | 0.01%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                             | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HAY9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    825000 | PA      | $890108.26    | 0.06%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                      | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5176363.00   | 0.32%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                  | FLORIDA ST HSG FIN CORP MF MTGE REVENUE                      | CUSIP: 34074HHM7<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3981235.20   | 0.25%             | 2043-10-01      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                             | COOK CNTY IL                                                 | CUSIP: 213185LS8<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1203261.12   | 0.08%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Sumter County Utility Dependent District                                | N SUMTER CNTY FL UTILITY DEPENDENT DIST UTILITY REVENUE      | CUSIP: 66272RDR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1444675.23   | 0.09%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Industrial Authority                                             | TULSA CNTY OK INDL AUTH EDUCTNL FACS LEASE REVENUE           | CUSIP: 89952PHS7<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    500000 | PA      | $560834.70    | 0.04%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Railroad Corp                                                          | ALASKA ST RAILROAD CORP CRUISE PORT REVENUE                  | CUSIP: 01176AAA1<br>LEI: 549300SM5ZU2HV31E004 | Long             | DBT              | MUN               | US        |    320000 | PA      | $337896.26    | 0.02%             | 2028-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                   | OSCEOLA CNTY FL TRANSPRTN REVENUE                            | CUSIP: 688031DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $746742.87    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marquis Community Development Authority of York County Virginia               | MARQUIS VA CMNTY DEV AUTH REVENUE                            | CUSIP: 57161CAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3493000 | PA      | $8732.50      | 0.00%             | 2041-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                     | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                   | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2515281.50   | 0.16%             | 2037-12-01      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| City of Poughkeepsie NY                                                       | POUGHKEEPSIE CITY NY                                         | CUSIP: 7386296D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $480647.66    | 0.03%             | 2027-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                          | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FDM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $465416.60    | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Power Agency                                                  | TEXAS ST MUNI PWR AGY REVENUE                                | CUSIP: 882555ZK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1603941.28   | 0.10%             | 2027-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                     | COBB CNTY GA KENNESTONE HOSP AUTH                            | CUSIP: 190813SH9<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010734.60   | 0.06%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                      | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3965000 | PA      | $3979591.99   | 0.25%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baytown Municipal Development District                                        | BAYTOWN MUNI DEV DIST TX                                     | CUSIP: 073201AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $869301.44    | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FPM1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    465000 | PA      | $461511.99    | 0.03%             | 2026-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington County Educational Facilities Authority                            | WASHINGTON CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REV  | CUSIP: 938176AK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $476258.27    | 0.03%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                              | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416UCH6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000708.20   | 0.12%             | 2026-08-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Fairview Park OH                                                      | FAIRVIEW PARK OH                                             | CUSIP: 305837KM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5008882.50   | 0.31%             | 2025-11-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Topeka KS                                                             | TOPEKA KS                                                    | CUSIP: 890569BS4<br>LEI: 549300NFEU1XBKVICM54 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001536.30   | 0.06%             | 2026-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Allentown City School District                                                | ALLENTOWN PA CITY SCH DIST                                   | CUSIP: 018411SY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3875000 | PA      | $3978831.40   | 0.25%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                      | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2525236.34   | 0.16%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                  | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                         | CUSIP: 92708KAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $542233.57    | 0.03%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Kane Cook & DuPage etc Counties Community College District No 509 Elgin       | KANE COOK & DU PAGE CNTYS IL CMNTY CLG DIST #509             | CUSIP: 483854JF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $821642.99    | 0.05%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge Enterprise                                                    | COLORADO ST BRIDGE ENTERPRISE REVENUE                        | CUSIP: 19633SAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2458242.32   | 0.15%             | 2025-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Matteson IL                                                        | MATTESON IL                                                  | CUSIP: 577098QE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400861.92    | 0.03%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712D3V6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    245000 | PA      | $245129.16    | 0.02%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jackson MO                                                          | JACKSON CNTY MO SPL OBLG                                     | CUSIP: 467578LG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2267609.12   | 0.14%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntingdon County General Authority                                           | HUNTINGDON CNTY PA GEN AUTH REVENUE                          | CUSIP: 44586SBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $396153.37    | 0.02%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                             | GUAM INTERNATIONAL ARPT AUTH                                 | CUSIP: 40064REX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $495653.52    | 0.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                 | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522337.75    | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Industries Authority                                                 | OKLAHOMA ST INDUSTRIES AUTH EDL FACS LEASE REVENUE           | CUSIP: 67910FAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3843671.65   | 0.24%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                         | HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE                 | CUSIP: 424685AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700826.21    | 0.04%             | 2027-02-01      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                       | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371513Q0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    850000 | PA      | $952851.02    | 0.06%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Port Authority                                                       | VIRGINIA ST PORT AUTH PORT FAC REVENUE                       | CUSIP: 928077JD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521704.40   | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                                     | NEWARK NJ BRD OF EDU                                         | CUSIP: 650370DG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $366154.64    | 0.02%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Forest Lake MN                                                        | FOREST LAKE MN MF HSG REVENUE                                | CUSIP: 345893AA9<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1170000.00   | 0.07%             | 2038-08-15      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                           | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3240000 | PA      | $3216812.62   | 0.20%             | 2046-01-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                        | VIRGINIA HSG DEV AUTH                                        | CUSIP: 92812XFJ6<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2455425.70   | 0.15%             | 2055-07-01      | Floating      | 3.63%                 | 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        |   7000000 | PA      | $7174743.10   | 0.45%             | 2052-02-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                           | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QPE7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220000.00    | 0.01%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Matteson IL                                                        | MATTESON IL                                                  | CUSIP: 577098QH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307134.75    | 0.02%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Clayton WI Water & Sewer System Revenue                               | CLAYTON TOWN WI WTR SYS & SWR SYS REVENUE                    | CUSIP: 184428AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1581660.96   | 0.10%             | 2026-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                            | CHICAGO IL                                                   | CUSIP: 167486L31<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3935000 | PA      | $4000911.64   | 0.25%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                 | KING CNTY WA HSG AUTH WORKFORCE HSG PRESERVATION POOLED REV  | CUSIP: 49476YAF4<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    300000 | PA      | $305316.09    | 0.02%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tohopekaliga Water Authority                                                  | TOHOPEKALIGA FL WTR AUTH UTILITY SYS REVENUE                 | CUSIP: 88906RFC9<br>LEI: 549300IZ325ZGEHGR946 | Long             | DBT              | MUN               | US        |   9160000 | PA      | $9160000.00   | 0.57%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                   | SHELBY CNTY TN HLTH EDUCTNL &HSG FACS BRD REVENUE            | CUSIP: 821697R84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $339063.62    | 0.02%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                     | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE          | CUSIP: 45470CAG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2693587.09   | 0.17%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                           | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                  | CUSIP: 92778FKH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $281967.15    | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasadena Independent School District                                          | PASADENA TX INDEP SCH DIST                                   | CUSIP: 702334BS1<br>LEI: 549300QY114RR4MXVU24 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4002562.40   | 0.25%             | 2032-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Jackson TN                                                            | JACKSON TN HOSP REVENUE                                      | CUSIP: 46874TJF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $808058.25    | 0.05%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                            | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000B4H8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $539681.40    | 0.03%             | 2030-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lassen Municipal Utility District                                             | LASSEN CA MUNI UTILITY DIST COPS                             | CUSIP: 518083AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $436801.94    | 0.03%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                  | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190QJ4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2869664.03   | 0.18%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge Enterprise                                                    | COLORADO ST BRIDGE ENTERPRISE REVENUE                        | CUSIP: 19633SAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4068342.45   | 0.25%             | 2026-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE               | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3561919.90   | 0.22%             | 2052-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Tacoma Metropolitan Park District                                             | MET PARK DIST OF TACOMA WA                                   | CUSIP: 592240UM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2311837.20   | 0.14%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                           | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $129947.81    | 0.01%             | 2046-01-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                     | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016123.10   | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                    | CHICAGO IL BRD OF EDU                                        | CUSIP: 167501WF8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1563003.44   | 0.10%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                    | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203H4V1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    800000 | PA      | $801266.00    | 0.05%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marquis Community Development Authority of York County Virginia               | MARQUIS VA CMNTY DEV AUTH REVENUE                            | CUSIP: 57161CAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $238000.00    | 0.01%             | 2045-09-01      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Alaska Railroad Corp                                                          | ALASKA ST RAILROAD CORP CRUISE PORT REVENUE                  | CUSIP: 01176AAB9<br>LEI: 549300SM5ZU2HV31E004 | Long             | DBT              | MUN               | US        |    350000 | PA      | $374864.35    | 0.02%             | 2029-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                     | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                   | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2714969.21   | 0.17%             | 2042-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                          | ALASKA ST MUNI BOND BANK AUTH                                | CUSIP: 01179RE41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1475488.54   | 0.09%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                     | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                 | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5042773.50   | 0.31%             | 2034-11-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| City Of South Miami Health Facilities Authority Inc                           | S MIAMI FL HLTH FACS AUTH                                    | CUSIP: 838810EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4395852.40   | 0.27%             | 2065-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Rib Floater Trust Various States                                              | RIB FLOATER TRUST                                            | CUSIP: 76252PJ34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3210000.00   | 0.20%             | 2055-07-01      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                  | NTHRN IL UNIV COPS                                           | CUSIP: 665238CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $819080.04    | 0.05%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baytown Municipal Development District                                        | BAYTOWN MUNI DEV DIST TX                                     | CUSIP: 073201AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $517220.07    | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Doylestown Hospital Authority                                                 | DOYLESTOWN PA HOSP AUTH                                      | CUSIP: 261333EE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1306782.63   | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                              | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397CC6<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062285.30   | 0.07%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                         | HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE                 | CUSIP: 424685AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $932168.83    | 0.06%             | 2031-02-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                           | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3547090.40   | 0.22%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mcintosh County Educational Facilities Authority                              | MCINTOSH CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENU | CUSIP: 581191AP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $401542.01    | 0.03%             | 2027-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Sand Creek Metropolitan District                                              | SAND CREEK CO MET DIST                                       | CUSIP: 799712HW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400585.80    | 0.03%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                              | REGL CO TRANSPRTN DIST PRIV ACTIVITY REVENUE                 | CUSIP: 759151BP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515596.75    | 0.03%             | 2033-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                         | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ADP9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3589262.60   | 0.22%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wildwood Utility Dependent District                                           | WILDWOOD UTILITY DEPENDENT DIST FL UTILITY REVENUE           | CUSIP: 968214AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $409113.76    | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                      | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5210866.00   | 0.33%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                   | DAYTON OH CITY SCH DIST COPS                                 | CUSIP: 239851CK2<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |    230000 | PA      | $237710.77    | 0.01%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                          | ROCHESTER MN HLTH CARE FACS REVENUE                          | CUSIP: 771902HR7<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2801455.00   | 0.17%             | 2055-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                           | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227MD0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    890000 | PA      | $895492.46    | 0.06%             | 2030-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State University                                                     | KENTUCKY ST UNIV COPS                                        | CUSIP: 491588AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $167615.70    | 0.01%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Odessa Junior College District                                                | ODESSA TX JNR CLG DIST REVENUE                               | CUSIP: 676040JN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $413821.32    | 0.03%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND                                 | Nuveen AMT-Free Quality Municipal Income Fund                | CUSIP: 670657857<br>LEI: 549300OTYQOOXS64NI63 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.62%             | 2026-09-11      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| Harvey County Unified School District 440 Halstead-Bentley                    | HARVEY CNTY KS UNIF SCH DIST #440 HALSTEAD                   | CUSIP: 417632DD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $200081.57    | 0.01%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                         | CHICAGO IL PARK DIST                                         | CUSIP: 1676154L4<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1604958.45   | 0.10%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oil City PA                                                           | OIL CITY PA                                                  | CUSIP: 677789DZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203169.80    | 0.01%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                          | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562UD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $188223.07    | 0.01%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                       | HAWAII ST DEPT OF TRANSPRTN ARPTS DIV LEASE REVENUE COPS     | CUSIP: 419808AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6350000 | PA      | $6363895.07   | 0.40%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Port Arthur Navigation District                                       | PORT OF PORT ARTHUR TX NAV DIST                              | CUSIP: 735220AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3400000.00   | 0.21%             | 2040-04-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                         | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145NP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517687.65    | 0.03%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                            | MONTANA ST FAC FIN AUTH REVENUE                              | CUSIP: 61204KNN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2133710.90   | 0.13%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri            | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636APC1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2608276.46   | 0.16%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Texoma Utility Authority                                              | GTR TEXOMA TX UTILITY AUTH CONTRACT REVENUE                  | CUSIP: 39239MAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $828611.85    | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                       | LEHIGH CNTY PA GEN PURPOSE AUTH CHRT SCH REVENUE             | CUSIP: 52480EAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1103366.34   | 0.07%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                    | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XB7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024667.80   | 0.06%             | 2032-12-01      | 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