# EDGAR Filing Document

**Accession Number:** 0001611331
**File Stem:** 0001410368-26-017753
**Filing Date:** 2026-2
**Character Count:** 292158
**Document Hash:** c284622d5dcffb99541f08cec7e51b0f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-017753.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0001410368-26-017753

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING EXCHANGE-TRADED FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001611331

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23597
- **FILM NUMBER:** 26674497

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Allspring Exchange-Traded Funds Trust
- **DATE OF NAME CHANGE:** 20211206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wells Fargo Exchange-Traded Funds Trust
- **DATE OF NAME CHANGE:** 20140619

## Series and Classes Contracts Data

### Allspring Income Plus ETF (Series ID: S000088478)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000254755 | Allspring Income Plus ETF | AINP            |

## Nport-Ex

Portfolio of investments—December 31, 2025 (unaudited)

Portfolio of investments

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Agency securities: 35.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50<br> %<br>| &nbsp;&nbsp; 10-1-2054 | $4922992 | &nbsp;&nbsp; $4993928 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 11-1-2054 | 382364 | &nbsp;&nbsp; 387795 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 6-1-2055 | 2157033 | &nbsp;&nbsp; 2187675 |
| &nbsp;&nbsp;&nbsp; FNMA%% | 5.00 | &nbsp;&nbsp; 1-15-2055 | 13275000 | &nbsp;&nbsp; 13237664 |
| &nbsp;&nbsp;&nbsp; FNMA%% | 5.50 | &nbsp;&nbsp; 1-15-2055 | 1695000 | &nbsp;&nbsp; 1718700 |
| &nbsp;&nbsp;&nbsp; FNMA%% | 6.00 | &nbsp;&nbsp; 1-15-2055 | 23830000 | &nbsp;&nbsp; 24466916 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.00 | &nbsp;&nbsp; 12-20-2054 | 1800848 | &nbsp;&nbsp; 1798693 |
| &nbsp;&nbsp;&nbsp; GNMA%% | 5.00 | &nbsp;&nbsp; 1-15-2055 | 2185000 | &nbsp;&nbsp; 2179835 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.50 | &nbsp;&nbsp; 12-20-2054 | 3153079 | &nbsp;&nbsp; 3189730 |
| &nbsp;&nbsp;&nbsp; GNMA%% | 5.50 | &nbsp;&nbsp; 1-15-2055 | 16825000 | &nbsp;&nbsp; 16988142 |
| **Total agency securities (Cost $70,762,804)** |  |  |  | &nbsp;&nbsp; **71149078** |
| **Asset-backed securities: 6.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aligned Data Centers Issuer LLC Series 2021-1A <br> Class B144A<br>| 2.48 | &nbsp;&nbsp; 8-15-2046 | 160000 | &nbsp;&nbsp; 157129 |
| &nbsp;&nbsp;&nbsp; Avant Loans Funding Trust Series 2024-REV1 Class B144A | 6.17 | &nbsp;&nbsp; 10-15-2033 | 1000000 | &nbsp;&nbsp; 1013595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BSPRT Issuer LLC Series 2025-FL12 Class A (U.S. SOFR 1 <br> Month+1.39%)144A±<br>| 5.12 | &nbsp;&nbsp; 1-17-2043 | 400000 | &nbsp;&nbsp; 399715 |
| &nbsp;&nbsp;&nbsp; Centersquare Issuer LLC Series 2025-1A Class A2144A | 5.50 | &nbsp;&nbsp; 3-26-2055 | 300000 | &nbsp;&nbsp; 294188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClickLease Equipment Receivables Trust Series 2024-1 <br> Class C144A<br>| 8.40 | &nbsp;&nbsp; 2-15-2030 | 395121 | &nbsp;&nbsp; 399888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Communications LLC/Fidium Fiber Finance <br> Holdco LLC Series 2025-1A Class A2144A<br>| 6.00 | &nbsp;&nbsp; 5-20-2055 | 850000 | &nbsp;&nbsp; 869762 |
| &nbsp;&nbsp;&nbsp; DI Issuer LLC Series 2024-1A Class A2144A | 5.81 | &nbsp;&nbsp; 9-15-2054 | 225000 | &nbsp;&nbsp; 225619 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust Series 2025-HE1 Class C144A±± | 6.03 | &nbsp;&nbsp; 1-25-2055 | 804997 | &nbsp;&nbsp; 814948 |
| &nbsp;&nbsp;&nbsp; Five Guys Holdings, Inc. Series 2023-1A Class A2144A | 7.55 | &nbsp;&nbsp; 1-26-2054 | 346500 | &nbsp;&nbsp; 356369 |
| &nbsp;&nbsp;&nbsp; FREED ABS Trust Series 2022-3FP Class D144A | 7.36 | &nbsp;&nbsp; 8-20-2029 | 50372 | &nbsp;&nbsp; 50606 |
| &nbsp;&nbsp;&nbsp; Hipgnosis Music Assets LP Series 2022-1 Class A144A | 5.00 | &nbsp;&nbsp; 5-16-2062 | 499404 | &nbsp;&nbsp; 498792 |
| &nbsp;&nbsp;&nbsp; Jack in the Box Funding LLC Series 2019-1A Class A23144A | 4.97 | &nbsp;&nbsp; 8-25-2049 | 1000125 | &nbsp;&nbsp; 956116 |
| &nbsp;&nbsp;&nbsp; Jersey Mike's Funding LLC Series 2024-1A Class A2144A | 5.64 | &nbsp;&nbsp; 2-15-2055 | 337450 | &nbsp;&nbsp; 344233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LoanCore Issuer LLC Series 2025-CRE8 Class C (U.S. SOFR 1 <br> Month+2.14%)144A±<br>| 5.88 | &nbsp;&nbsp; 8-17-2042 | 1000000 | &nbsp;&nbsp; 991255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MF1 Ltd. Series 2021-FL7 Class E (U.S. SOFR 1 <br> Month+2.91%)144A±<br>| 6.65 | &nbsp;&nbsp; 10-16-2036 | 270000 | &nbsp;&nbsp; 263921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Economy Assets - Phase 1 Sponsor LLC Series 2021-1 <br> Class B1144A<br>| 2.41 | &nbsp;&nbsp; 10-20-2061 | 200000 | &nbsp;&nbsp; 122708 |
| &nbsp;&nbsp;&nbsp; NMEF Funding LLC Series 2025-A Class B144A | 5.18 | &nbsp;&nbsp; 7-15-2032 | 560000 | &nbsp;&nbsp; 566834 |
| &nbsp;&nbsp;&nbsp; Sabey Data Center Issuer LLC Series 2022-1 Class A2144A | 5.00 | &nbsp;&nbsp; 6-20-2047 | 500000 | &nbsp;&nbsp; 495530 |
| &nbsp;&nbsp;&nbsp; SEB Funding LLC Series 2021-1A Class A2144A | 4.97 | &nbsp;&nbsp; 1-30-2052 | 498750 | &nbsp;&nbsp; 498113 |
| &nbsp;&nbsp;&nbsp; Sotheby's ArtFi Master Trust Series 2024-1A Class A1144A | 6.43 | &nbsp;&nbsp; 12-22-2031 | 1000000 | &nbsp;&nbsp; 1003383 |
| &nbsp;&nbsp;&nbsp; Subway Funding LLC Series 2024-3A Class A23144A | 5.91 | &nbsp;&nbsp; 7-30-2054 | 1089000 | &nbsp;&nbsp; 1079721 |
| &nbsp;&nbsp;&nbsp; Switch ABS Issuer LLC Series 2024-1A Class A2144A | 6.28 | &nbsp;&nbsp; 3-25-2054 | 100000 | &nbsp;&nbsp; 100992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust Series 2024-CES1 <br> Class A2144A±±<br>| 6.44 | &nbsp;&nbsp; 1-25-2064 | 285000 | &nbsp;&nbsp; 287821 |
| &nbsp;&nbsp;&nbsp; Uniti Fiber ABS Issuer LLC Series 2025-1A Class A2144A | 5.88 | &nbsp;&nbsp; 4-20-2055 | 420000 | &nbsp;&nbsp; 428844 |
| **Total asset-backed securities (Cost $12,254,821)** |  |  |  | &nbsp;&nbsp; **12220082** |

---

See accompanying notes to portfolio of investments

Allspring Income Plus ETF \| 1

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Corporate bonds and notes: 25.81%** |  |  |  |  |
| **Basic materials: 0.82%** |  |  |  |  |
| **Chemicals: 0.59%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC | 6.88<br> %<br>| &nbsp;&nbsp; 7-15-2032 | $400000 | &nbsp;&nbsp; $416250 |
| &nbsp;&nbsp;&nbsp; Chemours Co.144A | 8.00 | &nbsp;&nbsp; 1-15-2033 | 420000 | &nbsp;&nbsp; 406608 |
| &nbsp;&nbsp;&nbsp; LYB International Finance III LLC | 5.50 | &nbsp;&nbsp; 3-1-2034 | 55000 | &nbsp;&nbsp; 54364 |
| &nbsp;&nbsp;&nbsp; LYB International Finance III LLC | 5.88 | &nbsp;&nbsp; 1-15-2036 | 305000 | &nbsp;&nbsp; 303569 |
|  |  |  |  | &nbsp;&nbsp; **1180791** |
| **Iron/steel: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.144A | 4.88 | &nbsp;&nbsp; 3-1-2031 | 80000 | &nbsp;&nbsp; 76760 |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.144A | 7.00 | &nbsp;&nbsp; 3-15-2032 | 385000 | &nbsp;&nbsp; 394625 |
|  |  |  |  | &nbsp;&nbsp; **471385** |
| **Communications: 4.46%** |  |  |  |  |
| **Advertising: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc.144A | 7.50 | &nbsp;&nbsp; 3-15-2033 | 40000 | &nbsp;&nbsp; 42251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital <br> Corp.144A<br>| 4.63 | &nbsp;&nbsp; 3-15-2030 | 5000 | &nbsp;&nbsp; 4881 |
|  |  |  |  | &nbsp;&nbsp; **47132** |
| **Internet: 1.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arches Buyer, Inc.144A | 6.13 | &nbsp;&nbsp; 12-1-2028 | 250000 | &nbsp;&nbsp; 243873 |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | 4.13 | &nbsp;&nbsp; 5-12-2033 | 635000 | &nbsp;&nbsp; 773535 |
| &nbsp;&nbsp;&nbsp; Cablevision Lightpath LLC144A | 5.63 | &nbsp;&nbsp; 9-15-2028 | 203000 | &nbsp;&nbsp; 198402 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. | 4.88 | &nbsp;&nbsp; 11-15-2035 | 475000 | &nbsp;&nbsp; 474363 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. | 5.63 | &nbsp;&nbsp; 11-15-2055 | 385000 | &nbsp;&nbsp; 369512 |
|  |  |  |  | &nbsp;&nbsp; **2059685** |
| **Media: 2.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 4.25 | &nbsp;&nbsp; 1-15-2034 | 831000 | &nbsp;&nbsp; 706578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 2.80 | &nbsp;&nbsp; 4-1-2031 | 490000 | &nbsp;&nbsp; 440909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 3.90 | &nbsp;&nbsp; 6-1-2052 | 70000 | &nbsp;&nbsp; 45180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 6.10 | &nbsp;&nbsp; 6-1-2029 | 205000 | &nbsp;&nbsp; 213954 |
| &nbsp;&nbsp;&nbsp; Comcast Corp. | 2.94 | &nbsp;&nbsp; 11-1-2056 | 130000 | &nbsp;&nbsp; 73044 |
| &nbsp;&nbsp;&nbsp; Comcast Corp. | 5.50 | &nbsp;&nbsp; 5-15-2064 | 195000 | &nbsp;&nbsp; 174359 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 5.50 | &nbsp;&nbsp; 4-15-2027 | 186000 | &nbsp;&nbsp; 159480 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC144A | 11.25 | &nbsp;&nbsp; 5-15-2028 | 350000 | &nbsp;&nbsp; 278483 |
| &nbsp;&nbsp;&nbsp; DISH Network Corp.144A | 11.75 | &nbsp;&nbsp; 11-15-2027 | 229000 | &nbsp;&nbsp; 238339 |
| &nbsp;&nbsp;&nbsp; Gray Media, Inc.144A | 9.63 | &nbsp;&nbsp; 7-15-2032 | 425000 | &nbsp;&nbsp; 441051 |
| &nbsp;&nbsp;&nbsp; News Corp.144A | 3.88 | &nbsp;&nbsp; 5-15-2029 | 370000 | &nbsp;&nbsp; 358999 |
| &nbsp;&nbsp;&nbsp; News Corp.144A | 5.13 | &nbsp;&nbsp; 2-15-2032 | 325000 | &nbsp;&nbsp; 320348 |
| &nbsp;&nbsp;&nbsp; Paramount Global (U.S. SOFR 3 Month+3.90%)± | 6.25 | &nbsp;&nbsp; 2-28-2057 | 560000 | &nbsp;&nbsp; 502270 |
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC | 5.50 | &nbsp;&nbsp; 9-1-2041 | 230000 | &nbsp;&nbsp; 201860 |
|  |  |  |  | &nbsp;&nbsp; **4154854** |

---

See accompanying notes to portfolio of investments

2 \| Allspring Income Plus ETF

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Telecommunications: 1.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 3.55<br> %<br>| &nbsp;&nbsp; 9-15-2055 | $280000 | &nbsp;&nbsp; $186380 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 5.70 | &nbsp;&nbsp; 11-1-2054 | 590000 | &nbsp;&nbsp; 565908 |
| &nbsp;&nbsp;&nbsp; EchoStar Corp. (PIK at 6.75%)¥ | 6.75 | &nbsp;&nbsp; 11-30-2030 | 483562 | &nbsp;&nbsp; 495394 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 3.75 | &nbsp;&nbsp; 7-15-2029 | 54000 | &nbsp;&nbsp; 49168 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 7.00 | &nbsp;&nbsp; 3-31-2034 | 290000 | &nbsp;&nbsp; 298866 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc.144A | 8.50 | &nbsp;&nbsp; 1-15-2036 | 410000 | &nbsp;&nbsp; 419833 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | 5.00 | &nbsp;&nbsp; 1-15-2036 | 535000 | &nbsp;&nbsp; 530458 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | 5.88 | &nbsp;&nbsp; 11-30-2055 | 165000 | &nbsp;&nbsp; 163020 |
|  |  |  |  | &nbsp;&nbsp; **2709027** |
| **Consumer, cyclical: 3.15%** |  |  |  |  |
| **Airlines: 0.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust Series 2015-1 Class A | 3.38 | &nbsp;&nbsp; 5-1-2027 | 438529 | &nbsp;&nbsp; 432860 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue Loyalty LP144A | 9.88 | &nbsp;&nbsp; 9-20-2031 | 300000 | &nbsp;&nbsp; 302238 |
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust Series 2020-1 Class B | 4.88 | &nbsp;&nbsp; 1-15-2026 | 52699 | &nbsp;&nbsp; 52700 |
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust Series 2020-1 Class A | 5.88 | &nbsp;&nbsp; 10-15-2027 | 45908 | &nbsp;&nbsp; 47072 |
|  |  |  |  | &nbsp;&nbsp; **834870** |
| **Apparel: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC (PIK at 10.75%)144A¥ | 10.00 | &nbsp;&nbsp; 7-15-2033 | 625000 | &nbsp;&nbsp; **689864** |
| **Auto manufacturers: 0.57%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 5.73 | &nbsp;&nbsp; 9-5-2030 | 470000 | &nbsp;&nbsp; 477237 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 5.87 | &nbsp;&nbsp; 10-31-2035 | 680000 | &nbsp;&nbsp; 671555 |
|  |  |  |  | &nbsp;&nbsp; **1148792** |
| **Auto parts & equipment: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.144A | 7.50 | &nbsp;&nbsp; 2-15-2033 | 280000 | &nbsp;&nbsp; **288975** |
| **Home builders: 0.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Century Communities, Inc.144A | 6.63 | &nbsp;&nbsp; 9-15-2033 | 445000 | &nbsp;&nbsp; 449983 |
| &nbsp;&nbsp;&nbsp; K Hovnanian Enterprises, Inc.144A | 8.38 | &nbsp;&nbsp; 10-1-2033 | 510000 | &nbsp;&nbsp; 518308 |
| &nbsp;&nbsp;&nbsp; LGI Homes, Inc.144A | 8.75 | &nbsp;&nbsp; 12-15-2028 | 33000 | &nbsp;&nbsp; 34421 |
|  |  |  |  | &nbsp;&nbsp; **1002712** |
| **Housewares: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. | 6.38 | &nbsp;&nbsp; 5-15-2030 | 65000 | &nbsp;&nbsp; **63476** |
| **Lodging: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. | 6.20 | &nbsp;&nbsp; 8-15-2034 | 285000 | &nbsp;&nbsp; **299538** |
| **Retail: 0.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Michaels Cos., Inc.144A | 7.88 | &nbsp;&nbsp; 5-1-2029 | 253000 | &nbsp;&nbsp; 233543 |
| &nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart Finance Corp.144A | 7.50 | &nbsp;&nbsp; 9-15-2032 | 510000 | &nbsp;&nbsp; 519019 |
| &nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart Finance Corp.144A | 10.00 | &nbsp;&nbsp; 9-15-2033 | 580000 | &nbsp;&nbsp; 597213 |
|  |  |  |  | &nbsp;&nbsp; **1349775** |
| **Toys/games/hobbies: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Hasbro, Inc. | 6.05 | &nbsp;&nbsp; 5-14-2034 | 270000 | &nbsp;&nbsp; 286416 |

---

See accompanying notes to portfolio of investments

Allspring Income Plus ETF \| 3

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Toys/games/hobbies**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mattel, Inc. | 5.00<br> %<br>| &nbsp;&nbsp; 11-17-2030 | $140000 | &nbsp;&nbsp; $140971 |
| &nbsp;&nbsp;&nbsp; Mattel, Inc.144A | 5.88 | &nbsp;&nbsp; 12-15-2027 | 240000 | &nbsp;&nbsp; 240050 |
|  |  |  |  | &nbsp;&nbsp; **667437** |
| **Consumer, non-cyclical: 3.06%** |  |  |  |  |
| **Agriculture: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; BAT Capital Corp. | 5.63 | &nbsp;&nbsp; 8-15-2035 | 360000 | &nbsp;&nbsp; 374987 |
| &nbsp;&nbsp;&nbsp; BAT Capital Corp. | 6.25 | &nbsp;&nbsp; 8-15-2055 | 250000 | &nbsp;&nbsp; 257796 |
|  |  |  |  | &nbsp;&nbsp; **632783** |
| **Commercial services: 1.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 10.25 | &nbsp;&nbsp; 4-15-2031 | 125000 | &nbsp;&nbsp; 136836 |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc. | 4.88 | &nbsp;&nbsp; 11-15-2030 | 530000 | &nbsp;&nbsp; 530591 |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc. | 4.88 | &nbsp;&nbsp; 3-17-2031 | 735000 | &nbsp;&nbsp; 898988 |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc. | 5.20 | &nbsp;&nbsp; 11-15-2032 | 195000 | &nbsp;&nbsp; 195091 |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc. | 5.95 | &nbsp;&nbsp; 8-15-2052 | 60000 | &nbsp;&nbsp; 57315 |
| &nbsp;&nbsp;&nbsp; Sabre Financial Borrower LLC144A | 11.13 | &nbsp;&nbsp; 6-15-2029 | 590000 | &nbsp;&nbsp; 597869 |
| &nbsp;&nbsp;&nbsp; Sotheby's/BidFair Holdings, Inc.144A | 5.88 | &nbsp;&nbsp; 6-1-2029 | 425000 | &nbsp;&nbsp; 395417 |
| &nbsp;&nbsp;&nbsp; Upbound Group, Inc.144A | 6.38 | &nbsp;&nbsp; 2-15-2029 | 190000 | &nbsp;&nbsp; 187152 |
|  |  |  |  | &nbsp;&nbsp; **2999259** |
| **Cosmetics/Personal Care: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coty, Inc./HFC Prestige Products, Inc./HFC Prestige <br> International U.S. LLC144A<br>| 4.75 | &nbsp;&nbsp; 1-15-2029 | 190000 | &nbsp;&nbsp; 187219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coty, Inc./HFC Prestige Products, Inc./HFC Prestige <br> International U.S. LLC144A<br>| 5.60 | &nbsp;&nbsp; 1-15-2031 | 245000 | &nbsp;&nbsp; 247229 |
|  |  |  |  | &nbsp;&nbsp; **434448** |
| **Food: 0.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kroger Co. | 5.50 | &nbsp;&nbsp; 9-15-2054 | 380000 | &nbsp;&nbsp; 361874 |
| &nbsp;&nbsp;&nbsp; Mars, Inc.144A | 5.70 | &nbsp;&nbsp; 5-1-2055 | 430000 | &nbsp;&nbsp; 428335 |
|  |  |  |  | &nbsp;&nbsp; **790209** |
| **Healthcare-products: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Baxter International, Inc. | 5.65 | &nbsp;&nbsp; 12-15-2035 | 200000 | &nbsp;&nbsp; **202404** |
| **Healthcare-services: 0.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CHS/Community Health Systems, Inc.144A | 10.88 | &nbsp;&nbsp; 1-15-2032 | 228000 | &nbsp;&nbsp; 248848 |
| &nbsp;&nbsp;&nbsp; Radiology Partners, Inc.144A | 8.50 | &nbsp;&nbsp; 7-15-2032 | 215000 | &nbsp;&nbsp; 224597 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc.144A | 9.00 | &nbsp;&nbsp; 10-1-2030 | 319000 | &nbsp;&nbsp; 340439 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 5.95 | &nbsp;&nbsp; 6-15-2055 | 35000 | &nbsp;&nbsp; 35938 |
|  |  |  |  | &nbsp;&nbsp; **849822** |
| **Pharmaceuticals: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 5.60 | &nbsp;&nbsp; 3-15-2055 | 255000 | &nbsp;&nbsp; **255457** |
| **Energy: 2.28%** |  |  |  |  |
| **Oil & gas: 0.70%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; APA Corp. | 5.25 | &nbsp;&nbsp; 2-1-2042 | 112000 | &nbsp;&nbsp; 95068 |

---

See accompanying notes to portfolio of investments

4 \| Allspring Income Plus ETF

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Oil & gas**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; California Resources Corp.144A | 8.25<br> %<br>| &nbsp;&nbsp; 6-15-2029 | $174000 | &nbsp;&nbsp; $182001 |
| &nbsp;&nbsp;&nbsp; Civitas Resources, Inc.144A | 9.63 | &nbsp;&nbsp; 6-15-2033 | 190000 | &nbsp;&nbsp; 205127 |
| &nbsp;&nbsp;&nbsp; ConocoPhillips Co. | 5.65 | &nbsp;&nbsp; 1-15-2065 | 75000 | &nbsp;&nbsp; 72013 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co.144A | 6.00 | &nbsp;&nbsp; 2-1-2031 | 246000 | &nbsp;&nbsp; 233855 |
| &nbsp;&nbsp;&nbsp; Nabors Industries, Inc.144A | 9.13 | &nbsp;&nbsp; 1-31-2030 | 253000 | &nbsp;&nbsp; 264527 |
| &nbsp;&nbsp;&nbsp; Shell Finance U.S., Inc. | 4.75 | &nbsp;&nbsp; 1-6-2036 | 365000 | &nbsp;&nbsp; 364460 |
|  |  |  |  | &nbsp;&nbsp; **1417051** |
| **Oil & gas services: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bristow Group, Inc.144A | 6.88 | &nbsp;&nbsp; 3-1-2028 | 208000 | &nbsp;&nbsp; 208256 |
| &nbsp;&nbsp;&nbsp; Schlumberger Holdings Corp.144A | 4.85 | &nbsp;&nbsp; 5-15-2033 | 230000 | &nbsp;&nbsp; 230717 |
| &nbsp;&nbsp;&nbsp; SESI LLC144A | 7.88 | &nbsp;&nbsp; 9-30-2030 | 330000 | &nbsp;&nbsp; 324865 |
|  |  |  |  | &nbsp;&nbsp; **763838** |
| **Pipelines: 1.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Buckeye Partners LP | 5.85 | &nbsp;&nbsp; 11-15-2043 | 40000 | &nbsp;&nbsp; 37511 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP | 5.95 | &nbsp;&nbsp; 5-15-2054 | 400000 | &nbsp;&nbsp; 379060 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP | 6.20 | &nbsp;&nbsp; 4-1-2055 | 150000 | &nbsp;&nbsp; 147025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer LP (5 Year Treasury Constant <br> Maturity+4.02%)±<br>| 8.00 | &nbsp;&nbsp; 5-15-2054 | 78000 | &nbsp;&nbsp; 83261 |
| &nbsp;&nbsp;&nbsp; MPLX LP | 6.20 | &nbsp;&nbsp; 9-15-2055 | 180000 | &nbsp;&nbsp; 178470 |
| &nbsp;&nbsp;&nbsp; Prairie Acquiror LP144A | 9.00 | &nbsp;&nbsp; 8-1-2029 | 465000 | &nbsp;&nbsp; 483332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance <br> Corp.144A<br>| 6.00 | &nbsp;&nbsp; 12-31-2030 | 357000 | &nbsp;&nbsp; 359887 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc.144A | 8.38 | &nbsp;&nbsp; 6-1-2031 | 168000 | &nbsp;&nbsp; 167064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture Global LNG, Inc. (5 Year Treasury Constant <br> Maturity+5.44%)144Aʊ±<br>| 9.00 | &nbsp;&nbsp; 9-30-2029 | 726000 | &nbsp;&nbsp; 573345 |
|  |  |  |  | &nbsp;&nbsp; **2408955** |
| **Financial: 7.80%** |  |  |  |  |
| **Banks: 2.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+1.74%)± | 5.52 | &nbsp;&nbsp; 10-25-2035 | 190000 | &nbsp;&nbsp; 194602 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+1.91%)± | 5.43 | &nbsp;&nbsp; 8-15-2035 | 450000 | &nbsp;&nbsp; 460227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp. Series DD (U.S. SOFR 3 <br> Month+4.81%)ʊ±<br>| 6.30 | &nbsp;&nbsp; 3-10-2026 | 215000 | &nbsp;&nbsp; 214909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp. Series OO (5 Year Treasury Constant <br> Maturity+2.68%)ʊ±<br>| 6.63 | &nbsp;&nbsp; 5-1-2030 | 175000 | &nbsp;&nbsp; 182341 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+1.49%)± | 5.17 | &nbsp;&nbsp; 9-11-2036 | 255000 | &nbsp;&nbsp; 257383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc. Series HH (5 Year Treasury Constant <br> Maturity+3.00%)ʊ±<br>| 6.63 | &nbsp;&nbsp; 2-15-2031 | 305000 | &nbsp;&nbsp; 309963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. Series T (5 Year Treasury <br> Constant Maturity+2.97%)ʊ±<br>| 3.80 | &nbsp;&nbsp; 5-10-2026 | 325000 | &nbsp;&nbsp; 322035 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.64%)± | 5.58 | &nbsp;&nbsp; 7-23-2036 | 915000 | &nbsp;&nbsp; 946521 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.29%)± | 2.94 | &nbsp;&nbsp; 1-21-2033 | 605000 | &nbsp;&nbsp; 552179 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Series I (U.S. SOFR+1.31%)± | 4.89 | &nbsp;&nbsp; 10-22-2036 | 290000 | &nbsp;&nbsp; 287433 |
| &nbsp;&nbsp;&nbsp; Santander Holdings USA, Inc. (U.S. SOFR+3.28%)± | 7.66 | &nbsp;&nbsp; 11-9-2031 | 80000 | &nbsp;&nbsp; 89608 |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp (U.S. SOFR+1.86%)± | 5.68 | &nbsp;&nbsp; 1-23-2035 | 430000 | &nbsp;&nbsp; 454038 |

---

See accompanying notes to portfolio of investments

Allspring Income Plus ETF \| 5

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp (U.S. SOFR+2.26%)± | 5.84<br> %<br>| &nbsp;&nbsp; 6-12-2034 | $320000 | &nbsp;&nbsp; $341405 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+2.06%)± | 6.49 | &nbsp;&nbsp; 10-23-2034 | 610000 | &nbsp;&nbsp; 675236 |
|  |  |  |  | &nbsp;&nbsp; **5287880** |
| **Diversified financial services: 1.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aircastle Ltd./Aircastle Ireland DAC144A | 5.25 | &nbsp;&nbsp; 3-15-2030 | 345000 | &nbsp;&nbsp; 352201 |
| &nbsp;&nbsp;&nbsp; American Express Co. (U.S. SOFR+1.24%)± | 4.80 | &nbsp;&nbsp; 10-24-2036 | 550000 | &nbsp;&nbsp; 543091 |
| &nbsp;&nbsp;&nbsp; Ares Finance Co. II LLC144A | 3.25 | &nbsp;&nbsp; 6-15-2030 | 285000 | &nbsp;&nbsp; 270194 |
| &nbsp;&nbsp;&nbsp; BlackRock Funding, Inc. | 5.25 | &nbsp;&nbsp; 3-14-2054 | 275000 | &nbsp;&nbsp; 263562 |
| &nbsp;&nbsp;&nbsp; Citadel LP144A | 6.38 | &nbsp;&nbsp; 1-23-2032 | 250000 | &nbsp;&nbsp; 265339 |
| &nbsp;&nbsp;&nbsp; Computershare U.S., Inc. | 1.13 | &nbsp;&nbsp; 10-7-2031 | 415000 | &nbsp;&nbsp; 419868 |
| &nbsp;&nbsp;&nbsp; Equitable America Global Funding144A | 4.95 | &nbsp;&nbsp; 6-9-2030 | 440000 | &nbsp;&nbsp; 448117 |
| &nbsp;&nbsp;&nbsp; PRA Group, Inc.144A | 5.00 | &nbsp;&nbsp; 10-1-2029 | 170000 | &nbsp;&nbsp; 159865 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC144A | 5.50 | &nbsp;&nbsp; 4-15-2029 | 60000 | &nbsp;&nbsp; 59570 |
|  |  |  |  | &nbsp;&nbsp; **2781807** |
| **Insurance: 1.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Athene Global Funding144A | 5.03 | &nbsp;&nbsp; 7-17-2030 | 320000 | &nbsp;&nbsp; 322390 |
| &nbsp;&nbsp;&nbsp; Athene Global Funding144A | 5.54 | &nbsp;&nbsp; 8-22-2035 | 520000 | &nbsp;&nbsp; 521721 |
| &nbsp;&nbsp;&nbsp; Guardian Life Insurance Co. of America144A | 4.85 | &nbsp;&nbsp; 1-24-2077 | 155000 | &nbsp;&nbsp; 127042 |
| &nbsp;&nbsp;&nbsp; MetLife, Inc. | 6.40 | &nbsp;&nbsp; 12-15-2036 | 405000 | &nbsp;&nbsp; 424921 |
| &nbsp;&nbsp;&nbsp; New York Life Insurance Co.144A | 5.88 | &nbsp;&nbsp; 5-15-2033 | 265000 | &nbsp;&nbsp; 281069 |
| &nbsp;&nbsp;&nbsp; Northwestern Mutual Life Insurance Co.144A | 6.17 | &nbsp;&nbsp; 5-29-2055 | 270000 | &nbsp;&nbsp; 286553 |
| &nbsp;&nbsp;&nbsp; Omnis Funding Trust144A | 6.72 | &nbsp;&nbsp; 5-15-2055 | 445000 | &nbsp;&nbsp; 462734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PartnerRe Finance B LLC (5 Year Treasury Constant <br> Maturity+3.82%)±<br>| 4.50 | &nbsp;&nbsp; 10-1-2050 | 45000 | &nbsp;&nbsp; 42310 |
| &nbsp;&nbsp;&nbsp; Protective Life Corp.144A | 4.70 | &nbsp;&nbsp; 1-15-2031 | 405000 | &nbsp;&nbsp; 406276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prudential Financial, Inc. (5 Year Treasury Constant <br> Maturity+3.04%)±<br>| 3.70 | &nbsp;&nbsp; 10-1-2050 | 85000 | &nbsp;&nbsp; 79062 |
| &nbsp;&nbsp;&nbsp; RGA Global Funding144A | 4.60 | &nbsp;&nbsp; 11-25-2030 | 280000 | &nbsp;&nbsp; 279880 |
| &nbsp;&nbsp;&nbsp; RGA Global Funding144A | 5.05 | &nbsp;&nbsp; 12-6-2031 | 350000 | &nbsp;&nbsp; 357066 |
|  |  |  |  | &nbsp;&nbsp; **3591024** |
| **Investment Companies: 0.88%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp. BDC | 5.10 | &nbsp;&nbsp; 1-15-2031 | 410000 | &nbsp;&nbsp; 404960 |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp. BDC | 5.50 | &nbsp;&nbsp; 9-1-2030 | 240000 | &nbsp;&nbsp; 241566 |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp. BDC | 5.88 | &nbsp;&nbsp; 3-1-2029 | 125000 | &nbsp;&nbsp; 128229 |
| &nbsp;&nbsp;&nbsp; Blue Owl Capital Corp. BDC | 2.63 | &nbsp;&nbsp; 1-15-2027 | 1025000 | &nbsp;&nbsp; 1001708 |
|  |  |  |  | &nbsp;&nbsp; **1776463** |
| **REITs: 1.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. | 5.15 | &nbsp;&nbsp; 4-15-2053 | 190000 | &nbsp;&nbsp; 165475 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 8.88 | &nbsp;&nbsp; 4-12-2029 | 50000 | &nbsp;&nbsp; 53891 |
| &nbsp;&nbsp;&nbsp; Essential Properties LP | 2.95 | &nbsp;&nbsp; 7-15-2031 | 255000 | &nbsp;&nbsp; 232776 |
| &nbsp;&nbsp;&nbsp; Essential Properties LP | 5.40 | &nbsp;&nbsp; 12-1-2035 | 405000 | &nbsp;&nbsp; 405745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital <br> Finance Corp.144A<br>| 7.00 | &nbsp;&nbsp; 7-15-2031 | 412000 | &nbsp;&nbsp; 436824 |
| &nbsp;&nbsp;&nbsp; Piedmont Operating Partnership LP | 9.25 | &nbsp;&nbsp; 7-20-2028 | 135000 | &nbsp;&nbsp; 149165 |

---

See accompanying notes to portfolio of investments

6 \| Allspring Income Plus ETF

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **REITs**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Realty Income Corp. | 5.13<br> %<br>| &nbsp;&nbsp; 7-6-2034 | $415000 | &nbsp;&nbsp; $530331 |
| &nbsp;&nbsp;&nbsp; Ventas Realty LP | 5.00 | &nbsp;&nbsp; 2-15-2036 | 295000 | &nbsp;&nbsp; 293083 |
|  |  |  |  | &nbsp;&nbsp; **2267290** |
| **Industrial: 0.99%** |  |  |  |  |
| **Building materials: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Camelot Return Merger Sub, Inc.144A | 8.75 | &nbsp;&nbsp; 8-1-2028 | 520000 | &nbsp;&nbsp; 402945 |
| &nbsp;&nbsp;&nbsp; CP Atlas Buyer, Inc.144A | 9.75 | &nbsp;&nbsp; 7-15-2030 | 380000 | &nbsp;&nbsp; 393585 |
|  |  |  |  | &nbsp;&nbsp; **796530** |
| **Engineering & construction: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; MasTec, Inc.144A | 4.50 | &nbsp;&nbsp; 8-15-2028 | 335000 | &nbsp;&nbsp; **332903** |
| **Miscellaneous manufacturing: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 4.75 | &nbsp;&nbsp; 4-15-2029 | 205000 | &nbsp;&nbsp; **205447** |
| **Packaging & containers: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc.144A | 8.75 | &nbsp;&nbsp; 4-15-2030 | 480000 | &nbsp;&nbsp; **488006** |
| **Transportation: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Burlington Northern Santa Fe LLC | 5.55 | &nbsp;&nbsp; 3-15-2056 | 171000 | &nbsp;&nbsp; **168562** |
| **Technology: 1.60%** |  |  |  |  |
| **Computers: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | 5.60 | &nbsp;&nbsp; 10-15-2054 | 195000 | &nbsp;&nbsp; 180667 |
| &nbsp;&nbsp;&nbsp; Kyndryl Holdings, Inc. | 4.10 | &nbsp;&nbsp; 10-15-2041 | 270000 | &nbsp;&nbsp; 213859 |
|  |  |  |  | &nbsp;&nbsp; **394526** |
| **Semiconductors: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC144A | 5.88 | &nbsp;&nbsp; 1-25-2034 | 200000 | &nbsp;&nbsp; 205389 |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC144A | 6.20 | &nbsp;&nbsp; 1-25-2037 | 375000 | &nbsp;&nbsp; 394051 |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 2.80 | &nbsp;&nbsp; 8-12-2041 | 255000 | &nbsp;&nbsp; 178106 |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 3.25 | &nbsp;&nbsp; 11-15-2049 | 85000 | &nbsp;&nbsp; 54302 |
|  |  |  |  | &nbsp;&nbsp; **831848** |
| **Software: 0.99%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc.144A | 6.50 | &nbsp;&nbsp; 2-15-2030 | 649000 | &nbsp;&nbsp; 647047 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 8.25 | &nbsp;&nbsp; 6-30-2032 | 438000 | &nbsp;&nbsp; 457728 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 9.00 | &nbsp;&nbsp; 9-30-2029 | 177000 | &nbsp;&nbsp; 184347 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 4.45 | &nbsp;&nbsp; 9-26-2030 | 305000 | &nbsp;&nbsp; 298392 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 5.38 | &nbsp;&nbsp; 9-27-2054 | 515000 | &nbsp;&nbsp; 416519 |
|  |  |  |  | &nbsp;&nbsp; **2004033** |
| **Utilities: 1.65%** |  |  |  |  |
| **Electric: 1.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AES Corp. (5 Year Treasury Constant Maturity+3.20%)± | 7.60 | &nbsp;&nbsp; 1-15-2055 | 40000 | &nbsp;&nbsp; 40736 |
| &nbsp;&nbsp;&nbsp; Basin Electric Power Cooperative144A | 5.85 | &nbsp;&nbsp; 10-15-2055 | 225000 | &nbsp;&nbsp; 220370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc. (5 Year Treasury Constant <br> Maturity+2.21%)±<br>| 6.63 | &nbsp;&nbsp; 5-15-2055 | 125000 | &nbsp;&nbsp; 128807 |

---

See accompanying notes to portfolio of investments

Allspring Income Plus ETF \| 7

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Electric**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | 3.10<br> %<br>| &nbsp;&nbsp; 6-15-2028 | $245000 | &nbsp;&nbsp; $289840 |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | 3.85 | &nbsp;&nbsp; 6-15-2034 | 300000 | &nbsp;&nbsp; 349450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUSHI Finance, Inc. (5 Year Treasury Constant <br> Maturity+3.14%)±<br>| 7.63 | &nbsp;&nbsp; 12-15-2054 | 235000 | &nbsp;&nbsp; 247044 |
| &nbsp;&nbsp;&nbsp; Evergy, Inc. (5 Year Treasury Constant Maturity+2.56%)± | 6.65 | &nbsp;&nbsp; 6-1-2055 | 120000 | &nbsp;&nbsp; 122657 |
| &nbsp;&nbsp;&nbsp; Niagara Mohawk Power Corp.144A | 6.00 | &nbsp;&nbsp; 7-3-2055 | 285000 | &nbsp;&nbsp; 288702 |
| &nbsp;&nbsp;&nbsp; NRG Energy, Inc.144A | 5.41 | &nbsp;&nbsp; 10-15-2035 | 200000 | &nbsp;&nbsp; 199788 |
| &nbsp;&nbsp;&nbsp; Oglethorpe Power Corp. | 4.25 | &nbsp;&nbsp; 4-1-2046 | 140000 | &nbsp;&nbsp; 109926 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. | 5.25 | &nbsp;&nbsp; 7-1-2030 | 60000 | &nbsp;&nbsp; 59575 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. (5 Year Treasury Constant Maturity+3.88%)± | 7.38 | &nbsp;&nbsp; 3-15-2055 | 595000 | &nbsp;&nbsp; 619687 |
| &nbsp;&nbsp;&nbsp; Sempra (5 Year Treasury Constant Maturity+2.35%)± | 6.63 | &nbsp;&nbsp; 4-1-2055 | 315000 | &nbsp;&nbsp; 317815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern Co. Series B (5 Year Treasury Constant <br> Maturity+3.73%)±<br>| 4.00 | &nbsp;&nbsp; 1-15-2051 | 100000 | &nbsp;&nbsp; 99940 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 4.60 | &nbsp;&nbsp; 10-15-2030 | 235000 | &nbsp;&nbsp; 234905 |
|  |  |  |  | &nbsp;&nbsp; **3329242** |
| **Total corporate bonds and notes (Cost $51,146,255)** |  |  |  | &nbsp;&nbsp; **51978100** |
| **Foreign corporate bonds and notes: 11.56%** |  |  |  |  |
| **Communications: 2.77%** |  |  |  |  |
| **Media: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Tele Columbus AG (PIK at 10.00%)144A¥ | 10.00 | &nbsp;&nbsp; 1-1-2029 | 21000 | &nbsp;&nbsp; **16229** |
| **Telecommunications: 2.76%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; British Telecommunications PLC (UK Gilts 5 Year+3.82%)± | 8.38 | &nbsp;&nbsp; 12-20-2083 | 265000 | &nbsp;&nbsp; 383452 |
| &nbsp;&nbsp;&nbsp; Chorus Ltd. | 3.63 | &nbsp;&nbsp; 9-7-2029 | 365000 | &nbsp;&nbsp; 436901 |
| &nbsp;&nbsp;&nbsp; Fibercop SpA | 1.63 | &nbsp;&nbsp; 1-18-2029 | 390000 | &nbsp;&nbsp; 430260 |
| &nbsp;&nbsp;&nbsp; Koninklijke KPN NV | 3.88 | &nbsp;&nbsp; 7-3-2031 | 600000 | &nbsp;&nbsp; 727009 |
| &nbsp;&nbsp;&nbsp; Lorca Telecom Bondco SA | 4.00 | &nbsp;&nbsp; 9-18-2027 | 74468 | &nbsp;&nbsp; 87490 |
| &nbsp;&nbsp;&nbsp; SES SA (EURIBOR ICE Swap Rate 11:00am+3.23%)± | 5.50 | &nbsp;&nbsp; 9-12-2054 | 215000 | &nbsp;&nbsp; 243825 |
| &nbsp;&nbsp;&nbsp; TDC Net AS | 5.00 | &nbsp;&nbsp; 8-9-2032 | 255000 | &nbsp;&nbsp; 310084 |
| &nbsp;&nbsp;&nbsp; Telecom Italia SpA | 1.63 | &nbsp;&nbsp; 1-18-2029 | 250000 | &nbsp;&nbsp; 282417 |
| &nbsp;&nbsp;&nbsp; Telefonica Emisiones SA | 4.18 | &nbsp;&nbsp; 11-21-2033 | 600000 | &nbsp;&nbsp; 723801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telefonica Europe BV (EUR Swap Annual (vs. 6 Month <br> EURIBOR) 7 Year+3.35%)ʊ±<br>| 6.14 | &nbsp;&nbsp; 2-3-2030 | 200000 | &nbsp;&nbsp; 250796 |
| &nbsp;&nbsp;&nbsp; VMED O2 U.K. Financing I PLC | 5.63 | &nbsp;&nbsp; 4-15-2032 | 485000 | &nbsp;&nbsp; 573068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vodafone Group PLC (EUR Swap Annual (vs. 6 Month <br> EURIBOR) 5 Year+3.48%)±<br>| 3.00 | &nbsp;&nbsp; 8-27-2080 | 320000 | &nbsp;&nbsp; 362302 |
| &nbsp;&nbsp;&nbsp; Vodafone Group PLC (UK Gilts 5 Year+3.84%)± | 8.00 | &nbsp;&nbsp; 8-30-2086 | 150000 | &nbsp;&nbsp; 220929 |
| &nbsp;&nbsp;&nbsp; Zegona Finance PLC144A | 6.75 | &nbsp;&nbsp; 7-15-2029 | 436500 | &nbsp;&nbsp; 539065 |
|  |  |  |  | &nbsp;&nbsp; **5571399** |
| **Consumer, cyclical: 1.47%** |  |  |  |  |
| **Entertainment: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Universal Music Group NV | 4.00 | &nbsp;&nbsp; 6-13-2031 | 560000 | &nbsp;&nbsp; **676572** |

---

See accompanying notes to portfolio of investments

8 \| Allspring Income Plus ETF

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Leisure time: 0.53%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Pinnacle Bidco PLC144A | 10.00<br> %<br>| &nbsp;&nbsp; 10-11-2028 | GBP | 200000 | &nbsp;&nbsp; $283742 |
| &nbsp;&nbsp;&nbsp; TUI AG | 5.88 | &nbsp;&nbsp; 3-15-2029 | EUR | 650000 | &nbsp;&nbsp; 790244 |
|  |  |  |  |  | &nbsp;&nbsp; **1073986** |
| **Lodging: 0.32%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Essendi SA | 6.38 | &nbsp;&nbsp; 10-15-2029 | EUR | 515000 | &nbsp;&nbsp; **635640** |
| **Retail: 0.12%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dufry One BV | 4.50 | &nbsp;&nbsp; 5-23-2032 | EUR | 101000 | &nbsp;&nbsp; 121494 |
| &nbsp;&nbsp;&nbsp; Fressnapf Holding SE | 5.25 | &nbsp;&nbsp; 10-31-2031 | EUR | 100000 | &nbsp;&nbsp; 117272 |
|  |  |  |  |  | &nbsp;&nbsp; **238766** |
| **Toys/games/hobbies: 0.16%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Asmodee Group AB | 5.75 | &nbsp;&nbsp; 12-15-2029 | EUR | 266667 | &nbsp;&nbsp; **329118** |
| **Consumer, non-cyclical: 1.63%** |  |  |  |  |  |
| **Commercial services: 1.00%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Amber Finco PLC | 6.63 | &nbsp;&nbsp; 7-15-2029 | EUR | 380000 | &nbsp;&nbsp; 468949 |
| &nbsp;&nbsp;&nbsp; Motability Operations Group PLC | 4.00 | &nbsp;&nbsp; 1-22-2037 | EUR | 335000 | &nbsp;&nbsp; 390608 |
| &nbsp;&nbsp;&nbsp; Nexi SpA | 2.13 | &nbsp;&nbsp; 4-30-2029 | EUR | 250000 | &nbsp;&nbsp; 282455 |
| &nbsp;&nbsp;&nbsp; Transurban Finance Co. Pty. Ltd. | 4.23 | &nbsp;&nbsp; 4-26-2033 | EUR | 450000 | &nbsp;&nbsp; 549248 |
| &nbsp;&nbsp;&nbsp; Worldline SA | 4.13 | &nbsp;&nbsp; 9-12-2028 | EUR | 300000 | &nbsp;&nbsp; 317568 |
|  |  |  |  |  | &nbsp;&nbsp; **2008828** |
| **Food: 0.33%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Iceland Bondco PLC | 4.38 | &nbsp;&nbsp; 5-15-2028 | GBP | 500000 | &nbsp;&nbsp; **656499** |
| **Healthcare-services: 0.30%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Eurofins Scientific SE (3 Month EURIBOR+4.24%)ʊ± | 6.75 | &nbsp;&nbsp; 4-24-2028 | EUR | 490000 | &nbsp;&nbsp; **611407** |
| **Energy: 0.89%** |  |  |  |  |  |
| **Oil & gas: 0.59%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aker BP ASA | 1.13 | &nbsp;&nbsp; 5-12-2029 | EUR | 450000 | &nbsp;&nbsp; 494909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Var Energi ASA (EURIBOR ICE Swap Rate <br> 11:00am+4.77%)±<br>| 7.86 | &nbsp;&nbsp; 11-15-2083 | EUR | 100000 | &nbsp;&nbsp; 129030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wintershall Dea Finance 2 BV Series NC8 (EUR Swap Annual <br> (vs. 6 Month EURIBOR) 5 Year+3.32%)ʊ±<br>| 3.00 | &nbsp;&nbsp; 7-20-2028 | EUR | 500000 | &nbsp;&nbsp; 564096 |
|  |  |  |  |  | &nbsp;&nbsp; **1188035** |
| **Oil & gas services: 0.30%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; OEG Finance PLC | 7.25 | &nbsp;&nbsp; 9-27-2029 | EUR | 500000 | &nbsp;&nbsp; **614224** |
| **Financial: 2.66%** |  |  |  |  |  |
| **Banks: 1.71%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABN AMRO Bank NV (EUR Swap Annual (vs. 6 Month <br> EURIBOR) 5 Year+3.90%)ʊ±<br>| 4.75 | &nbsp;&nbsp; 9-22-2027 | EUR | 600000 | &nbsp;&nbsp; 711159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAWAG Group AG (EURIBOR ICE Swap Rate <br> 11:00am+5.05%)ʊ±<br>| 7.25 | &nbsp;&nbsp; 9-18-2029 | EUR | 600000 | &nbsp;&nbsp; 752532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CaixaBank SA (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+3.55%)±<br>| 6.25 | &nbsp;&nbsp; 2-23-2033 | EUR | 400000 | &nbsp;&nbsp; 496365 |

---

See accompanying notes to portfolio of investments

Allspring Income Plus ETF \| 9

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Banks**(continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (3 Month EURIBOR+2.95%)± | 5.00<br> %<br>| &nbsp;&nbsp; 9-5-2030 | EUR | 400000 | &nbsp;&nbsp; $496701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KBC Group NV (EURIBOR ICE Swap Rate <br> 11:00am+4.93%)ʊ±<br>| 8.00 | &nbsp;&nbsp; 9-5-2028 | EUR | 200000 | &nbsp;&nbsp; 258644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Raiffeisen Bank International AG (EURIBOR ICE Swap Rate <br> 11:00am+1.60%)±<br>| 1.38 | &nbsp;&nbsp; 6-17-2033 | EUR | 200000 | &nbsp;&nbsp; 225604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Raiffeisen Bank International AG (EURIBOR ICE Swap Rate <br> 11:00am+5.20%)±<br>| 7.38 | &nbsp;&nbsp; 12-20-2032 | EUR | 400000 | &nbsp;&nbsp; 500229 |
|  |  |  |  |  | &nbsp;&nbsp; **3441234** |
| **Insurance: 0.51%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NN Group NV (3 Month EURIBOR+4.20%)± | 5.25 | &nbsp;&nbsp; 3-1-2043 | EUR | 440000 | &nbsp;&nbsp; 555307 |
| &nbsp;&nbsp;&nbsp; Sampo Oyj (3 Month EURIBOR+3.60%)± | 2.50 | &nbsp;&nbsp; 9-3-2052 | EUR | 440000 | &nbsp;&nbsp; 476151 |
|  |  |  |  |  | &nbsp;&nbsp; **1031458** |
| **Real estate: 0.44%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aedas Homes Opco SL144A | 4.00 | &nbsp;&nbsp; 8-15-2026 | EUR | 265000 | &nbsp;&nbsp; 311151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Castellum AB (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+3.45%)ʊ±<br>| 3.13 | &nbsp;&nbsp; 12-2-2026 | EUR | 500000 | &nbsp;&nbsp; 578125 |
|  |  |  |  |  | &nbsp;&nbsp; **889276** |
| **Government securities: 0.30%** |  |  |  |  |  |
| **Multi-national: 0.30%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Banque Ouest Africaine de Developpement | 2.75 | &nbsp;&nbsp; 1-22-2033 | EUR | 600000 | &nbsp;&nbsp; **595505** |
| **Industrial: 0.30%** |  |  |  |  |  |
| **Environmental control: 0.30%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Luna 2.5 Sarl144A | 5.50 | &nbsp;&nbsp; 7-1-2032 | EUR | 500000 | &nbsp;&nbsp; **598343** |
| **Technology: 0.41%** |  |  |  |  |  |
| **Computers: 0.41%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Almaviva-The Italian Innovation Co. SpA144A | 5.00 | &nbsp;&nbsp; 10-30-2030 | EUR | 265000 | &nbsp;&nbsp; 314012 |
| &nbsp;&nbsp;&nbsp; Teleperformance SE | 5.75 | &nbsp;&nbsp; 11-22-2031 | EUR | 400000 | &nbsp;&nbsp; 508854 |
|  |  |  |  |  | &nbsp;&nbsp; **822866** |
| **Utilities: 1.13%** |  |  |  |  |  |
| **Electric: 0.52%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Energia Group Roi Financeco DAC144A | 6.88 | &nbsp;&nbsp; 7-31-2028 | EUR | 235000 | &nbsp;&nbsp; 286089 |
| &nbsp;&nbsp;&nbsp; Vattenfall AB (UK Gilts 5 Year+1.90%)± | 2.50 | &nbsp;&nbsp; 6-29-2083 | GBP | 600000 | &nbsp;&nbsp; 757125 |
|  |  |  |  |  | &nbsp;&nbsp; **1043214** |
| **Gas: 0.35%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; APA Infrastructure Ltd. | 2.00 | &nbsp;&nbsp; 7-15-2030 | EUR | 635000 | &nbsp;&nbsp; **709230** |
| **Water: 0.26%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Holding d'Infrastructures des Metiers de l'Environnement <br> SAS<br>| 4.88 | &nbsp;&nbsp; 10-24-2029 | EUR | 435000 | &nbsp;&nbsp; **529963** |
| **Total foreign corporate bonds and notes (Cost $21,021,431)** |  |  |  |  | &nbsp;&nbsp; **23281792** |

---

See accompanying notes to portfolio of investments

10 \| Allspring Income Plus ETF

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Foreign government bonds: 17.64%** |  |  |  |  |  |
| **Australia: 1.97%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia## | 2.75<br> %<br>| &nbsp;&nbsp; 11-21-2027 | AUD | 3025000 | &nbsp;&nbsp; $1971374 |
| &nbsp;&nbsp;&nbsp; New South Wales Treasury Corp. | 3.00 | &nbsp;&nbsp; 4-20-2029 | AUD | 1570000 | &nbsp;&nbsp; 1003127 |
| &nbsp;&nbsp;&nbsp; Queensland Treasury Corp.144A | 3.50 | &nbsp;&nbsp; 8-21-2030 | AUD | 1565000 | &nbsp;&nbsp; 996841 |
|  |  |  |  |  | &nbsp;&nbsp; **3971342** |
| **Brazil: 2.45%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brazil## | 10.00 | &nbsp;&nbsp; 1-1-2027 | BRL | 27870000 | &nbsp;&nbsp; **4926842** |
| **Chile: 1.11%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bonos de la Tesoreria de la Republica en pesos## | 4.90 | &nbsp;&nbsp; 11-1-2027 | CLP | 2000000000 | &nbsp;&nbsp; **2241430** |
| **Colombia: 2.02%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Colombia TES## | 5.75 | &nbsp;&nbsp; 11-3-2027 | COP | 17000000000 | &nbsp;&nbsp; **4071696** |
| **Czech Republic: 1.03%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Czech Republic## | 5.00 | &nbsp;&nbsp; 9-30-2030 | CZK | 40940000 | &nbsp;&nbsp; **2073153** |
| **France: 1.94%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; French Republic144A## | 2.70 | &nbsp;&nbsp; 2-25-2031 | EUR | 3355000 | &nbsp;&nbsp; **3914881** |
| **Luxembourg: 0.99%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; European Union## | 2.63 | &nbsp;&nbsp; 7-4-2028 | EUR | 1675000 | &nbsp;&nbsp; **1983513** |
| **Mexico: 1.03%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mexico Bonos## | 8.50 | &nbsp;&nbsp; 2-28-2030 | MXN | 37275000 | &nbsp;&nbsp; **2075208** |
| **Singapore: 0.51%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Singapore | 2.88 | &nbsp;&nbsp; 9-1-2027 | SGD | 1290000 | &nbsp;&nbsp; **1026279** |
| **South Africa: 1.07%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Republic of South Africa## | 8.00 | &nbsp;&nbsp; 1-31-2030 | ZAR | 34995000 | &nbsp;&nbsp; **2156663** |
| **Spain: 1.49%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Spain144A## | 1.25 | &nbsp;&nbsp; 10-31-2030 | EUR | 2720000 | &nbsp;&nbsp; **2998934** |
| **United Kingdom: 2.03%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.K. Gilts## | 3.75 | &nbsp;&nbsp; 3-7-2027 | GBP | 1060000 | &nbsp;&nbsp; 1428988 |
| &nbsp;&nbsp;&nbsp; U.K. Gilts## | 4.38 | &nbsp;&nbsp; 3-7-2030 | GBP | 1935000 | &nbsp;&nbsp; 2652442 |
|  |  |  |  |  | &nbsp;&nbsp; **4081430** |
| **Total foreign government bonds (Cost $34,678,883)** |  |  |  |  | &nbsp;&nbsp; **35521371** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Investment companies: 0.23%** |  |  |
| **Exchange-traded funds: 0.23%** |  |  |
| &nbsp;&nbsp;&nbsp; State Street SPDR Portfolio High Yield Bond ETF | 19868 | &nbsp;&nbsp; **470276** |
| **Total investment companies (Cost $463,719)** |  | &nbsp;&nbsp; **470276** |

---

See accompanying notes to portfolio of investments

Allspring Income Plus ETF \| 11

------

Portfolio of investments—December 31, 2025 (unaudited)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Loans: 0.91%** |  |  |  |  |
| **Communications: 0.13%** |  |  |  |  |
| **Media: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC (U.S. SOFR 3 Month+5.00%)± | 9.10<br> %<br>| &nbsp;&nbsp; 8-2-2027 | $6570 | &nbsp;&nbsp; **$6572** |
| **Telecommunications: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CommScope, Inc. (U.S. SOFR 1 Month+4.75%)± | 8.47 | &nbsp;&nbsp; 12-17-2029 | 150000 | &nbsp;&nbsp; 150070 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc. (U.S. SOFR 1 Month+2.35%)± | 4.35 | &nbsp;&nbsp; 4-15-2030 | 99237 | &nbsp;&nbsp; 98562 |
|  |  |  |  | &nbsp;&nbsp; **248632** |
| **Consumer, cyclical: 0.59%** |  |  |  |  |
| **Airlines: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vista Management Holding, Inc. (U.S. SOFR 3 <br> Month+3.75%)±<br>| 7.74 | &nbsp;&nbsp; 4-1-2031 | 44550 | &nbsp;&nbsp; **44921** |
| **Entertainment: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Crown Finance U.S., Inc. (U.S. SOFR 1 Month+4.50%)± | 8.34 | &nbsp;&nbsp; 12-2-2031 | 529663 | &nbsp;&nbsp; **521454** |
| **Housewares: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Greetings Corp. (U.S. SOFR 1 Month+5.75%)± | 9.47 | &nbsp;&nbsp; 10-30-2029 | 359533 | &nbsp;&nbsp; **354506** |
| **Retail: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., Inc. (U.S. SOFR 3 <br> Month+3.25%)±<br>| 7.18 | &nbsp;&nbsp; 3-3-2028 | 276067 | &nbsp;&nbsp; **272928** |
| **Financial: 0.12%** |  |  |  |  |
| **Insurance: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Asurion LLC (U.S. SOFR 1 Month+5.25%)± | 9.08 | &nbsp;&nbsp; 1-31-2028 | 245000 | &nbsp;&nbsp; **243814** |
| **Technology: 0.07%** |  |  |  |  |
| **Software: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc. (U.S. SOFR 1 Month+3.75%)± | 7.47 | &nbsp;&nbsp; 11-28-2028 | 133516 | &nbsp;&nbsp; **133441** |
| **Total loans (Cost $1,839,386)** |  |  |  | &nbsp;&nbsp; **1826268** |
| **Non-agency mortgage-backed securities: 3.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust Series 2024-NQM5 Class A1144A | 5.70 | &nbsp;&nbsp; 11-25-2069 | 409317 | &nbsp;&nbsp; 412041 |
| &nbsp;&nbsp;&nbsp; Ajax Mortgage Loan Trust Series 2021-E Class A1144A±± | 1.74 | &nbsp;&nbsp; 12-25-2060 | 523192 | &nbsp;&nbsp; 462839 |
| &nbsp;&nbsp;&nbsp; BAHA Trust Series 2024-MAR Class B144A±± | 6.84 | &nbsp;&nbsp; 12-10-2041 | 500000 | &nbsp;&nbsp; 523278 |
| &nbsp;&nbsp;&nbsp; Bank Series 2019-BN19 Class A3 | 3.18 | &nbsp;&nbsp; 8-15-2061 | 250000 | &nbsp;&nbsp; 236766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BOCA Commercial Mortgage Trust Series 2025-BOCA <br> Class C (U.S. SOFR 1 Month+2.15%)144A±<br>| 6.00 | &nbsp;&nbsp; 12-15-2042 | 165000 | &nbsp;&nbsp; 165206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BRAVO Residential Funding Trust Series 2023-NQM1 <br> Class A1144A±±<br>| 5.76 | &nbsp;&nbsp; 1-25-2063 | 668447 | &nbsp;&nbsp; 666321 |
| &nbsp;&nbsp;&nbsp; CSMC Trust Series 2018-RPL9 Class A144A±± | 3.85 | &nbsp;&nbsp; 9-25-2057 | 357259 | &nbsp;&nbsp; 345988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Mortgage Trust Series 2025-CES1 <br> Class A3144A±±<br>| 6.07 | &nbsp;&nbsp; 5-25-2055 | 1000000 | &nbsp;&nbsp; 1013753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust Series 2014-150E <br> Class A144A<br>| 3.91 | &nbsp;&nbsp; 9-9-2032 | 405000 | &nbsp;&nbsp; 365376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust Series 2019-RPL3 <br> Class M1144A±±<br>| 3.25 | &nbsp;&nbsp; 7-25-2059 | 275000 | &nbsp;&nbsp; 250909 |

---

See accompanying notes to portfolio of investments

12 \| Allspring Income Plus ETF

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Non-agency mortgage-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; One New York Plaza Trust Series 2020-1NYP Class A <br> (U.S. SOFR 1 Month+1.06%)144A±<br>| 4.82<br> %<br>| &nbsp;&nbsp; 1-15-2036 | $360000 | &nbsp;&nbsp; $353114 |
| &nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2024-CES9 Class A1A144A±± | 5.58 | &nbsp;&nbsp; 12-25-2044 | 196955 | &nbsp;&nbsp; 198971 |
| &nbsp;&nbsp;&nbsp; ROCK Trust Series 2024-CNTR Class B144A | 5.93 | &nbsp;&nbsp; 11-13-2041 | 360000 | &nbsp;&nbsp; 371982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFAVE Commercial Mortgage Securities Trust Series 2015-<br> 5AVE Class B144A±±<br>| 4.39 | &nbsp;&nbsp; 1-5-2043 | 500000 | &nbsp;&nbsp; 418093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFAVE Commercial Mortgage Securities Trust Series 2015-<br> 5AVE Class D144A±±<br>| 4.39 | &nbsp;&nbsp; 1-5-2043 | 300000 | &nbsp;&nbsp; 226455 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2024-9 Class M1144A±± | 6.20 | &nbsp;&nbsp; 11-25-2069 | 960000 | &nbsp;&nbsp; 969978 |
| &nbsp;&nbsp; **Total non-agency mortgage-backed securities (Cost** <br> **$6,968,407)**<br>|  |  |  | &nbsp;&nbsp; **6981070** |
| **U.S. Treasury securities: 13.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds## | 4.63 | &nbsp;&nbsp; 11-15-2044 | 145000 | &nbsp;&nbsp; 142089 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds## | 4.63 | &nbsp;&nbsp; 11-15-2045 | 4616000 | &nbsp;&nbsp; 4510698 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds## | 4.75 | &nbsp;&nbsp; 2-15-2045 | 60000 | &nbsp;&nbsp; 59695 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds## | 4.75 | &nbsp;&nbsp; 5-15-2055 | 1980000 | &nbsp;&nbsp; 1945659 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds## | 4.75 | &nbsp;&nbsp; 8-15-2055 | 1693000 | &nbsp;&nbsp; 1664431 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes## | 1.88 | &nbsp;&nbsp; 7-15-2035 | 3030936 | &nbsp;&nbsp; 3022820 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes## | 3.63 | &nbsp;&nbsp; 8-31-2027 | 7155000 | &nbsp;&nbsp; 7170931 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes## | 3.88 | &nbsp;&nbsp; 7-31-2027 | 7060000 | &nbsp;&nbsp; 7101091 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes## | 3.88 | &nbsp;&nbsp; 3-15-2028 | 685000 | &nbsp;&nbsp; 690512 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes## | 4.00 | &nbsp;&nbsp; 11-15-2035 | 21000 | &nbsp;&nbsp; 20698 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes## | 4.25 | &nbsp;&nbsp; 1-15-2028 | 140000 | &nbsp;&nbsp; 142062 |
| **Total U.S. Treasury securities (Cost $26,521,660)** |  |  |  | &nbsp;&nbsp; **26470686** |
| **Yankee corporate bonds and notes: 9.18%** |  |  |  |  |
| **Basic materials: 0.33%** |  |  |  |  |
| **Chemicals: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Braskem Netherlands Finance BV144A | 7.25 | &nbsp;&nbsp; 2-13-2033 | 380000 | &nbsp;&nbsp; 147250 |
| &nbsp;&nbsp;&nbsp; Orbia Advance Corp. SAB de CV144A | 7.50 | &nbsp;&nbsp; 5-13-2035 | 205000 | &nbsp;&nbsp; 198872 |
|  |  |  |  | &nbsp;&nbsp; **346122** |
| **Mining: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rio Tinto Finance USA PLC | 5.88 | &nbsp;&nbsp; 3-14-2065 | 305000 | &nbsp;&nbsp; **315010** |
| **Communications: 0.57%** |  |  |  |  |
| **Media: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virgin Media Secured Finance PLC144A | 4.50 | &nbsp;&nbsp; 8-15-2030 | 90000 | &nbsp;&nbsp; **83316** |
| **Telecommunications: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rogers Communications, Inc. (5 Year Treasury Constant <br> Maturity+2.62%)±<br>| 7.13 | &nbsp;&nbsp; 4-15-2055 | 547000 | &nbsp;&nbsp; 575987 |
| &nbsp;&nbsp;&nbsp; TELUS Corp. (5 Year Treasury Constant Maturity+2.52%)± | 6.63 | &nbsp;&nbsp; 6-9-2056 | 190000 | &nbsp;&nbsp; 189814 |
| &nbsp;&nbsp;&nbsp; TELUS Corp. (5 Year Treasury Constant Maturity+2.71%)± | 7.00 | &nbsp;&nbsp; 10-15-2055 | 285000 | &nbsp;&nbsp; 296679 |
|  |  |  |  | &nbsp;&nbsp; **1062480** |

---

See accompanying notes to portfolio of investments

Allspring Income Plus ETF \| 13

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Consumer, cyclical: 0.46%** |  |  |  |  |
| **Airlines: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management Holding, <br> Inc.144A<br>| 6.38<br> %<br>| &nbsp;&nbsp; 2-1-2030 | $310000 | &nbsp;&nbsp; **$295011** |
| **Apparel: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Gildan Activewear, Inc.144A | 5.40 | &nbsp;&nbsp; 10-7-2035 | 145000 | &nbsp;&nbsp; **144584** |
| **Leisure time: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd.144A | 5.63 | &nbsp;&nbsp; 9-30-2031 | 95000 | &nbsp;&nbsp; 97120 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd.144A | 6.00 | &nbsp;&nbsp; 2-1-2033 | 380000 | &nbsp;&nbsp; 390430 |
|  |  |  |  | &nbsp;&nbsp; **487550** |
| **Consumer, non-cyclical: 0.84%** |  |  |  |  |
| **Beverages: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Coca-Cola Icecek AS144A | 4.50 | &nbsp;&nbsp; 1-20-2029 | 635000 | &nbsp;&nbsp; **625692** |
| **Pharmaceuticals: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 1261229 BC Ltd.144A | 10.00 | &nbsp;&nbsp; 4-15-2032 | 730000 | &nbsp;&nbsp; 759212 |
| &nbsp;&nbsp;&nbsp; Bausch Health Cos., Inc.144A | 6.25 | &nbsp;&nbsp; 2-15-2029 | 245000 | &nbsp;&nbsp; 197225 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV | 8.13 | &nbsp;&nbsp; 9-15-2031 | 95000 | &nbsp;&nbsp; 109387 |
|  |  |  |  | &nbsp;&nbsp; **1065824** |
| **Energy: 0.70%** |  |  |  |  |
| **Oil & gas: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aker BP ASA144A | 5.80 | &nbsp;&nbsp; 10-1-2054 | 165000 | &nbsp;&nbsp; 150017 |
| &nbsp;&nbsp;&nbsp; Borr IHC Ltd./Borr Finance LLC144A | 10.00 | &nbsp;&nbsp; 11-15-2028 | 119512 | &nbsp;&nbsp; 120071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BP Capital Markets PLC (5 Year Treasury Constant <br> Maturity+4.40%)ʊ±<br>| 4.88 | &nbsp;&nbsp; 3-22-2030 | 710000 | &nbsp;&nbsp; 706332 |
|  |  |  |  | &nbsp;&nbsp; **976420** |
| **Pipelines: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. Series 20-A (5 Year Treasury Constant <br> Maturity+5.31%)±<br>| 5.75 | &nbsp;&nbsp; 7-15-2080 | 355000 | &nbsp;&nbsp; 358373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Bow Canadian Infrastructure Holdings Ltd. (5 Year <br> Treasury Constant Maturity+3.95%)±<br>| 7.63 | &nbsp;&nbsp; 3-1-2055 | 80000 | &nbsp;&nbsp; 83389 |
|  |  |  |  | &nbsp;&nbsp; **441762** |
| **Financial: 5.27%** |  |  |  |  |
| **Banks: 3.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AIB Group PLC (U.S. SOFR+1.65%)144A± | 5.32 | &nbsp;&nbsp; 5-15-2031 | 200000 | &nbsp;&nbsp; 206389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Industrial SA (5 Year Treasury Constant <br> Maturity+4.44%)144A±<br>| 4.88 | &nbsp;&nbsp; 1-29-2031 | 195000 | &nbsp;&nbsp; 194045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA (5 Year Treasury Constant <br> Maturity+4.07%)144Aʊ±<br>| 8.38 | &nbsp;&nbsp; 5-20-2031 | 695000 | &nbsp;&nbsp; 729750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Nacional de Comercio Exterior SNC (5 Year Treasury <br> Constant Maturity+2.00%)144A±<br>| 2.72 | &nbsp;&nbsp; 8-11-2031 | 410000 | &nbsp;&nbsp; 402386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bancolombia SA (5 Year Treasury Constant <br> Maturity+4.32%)±<br>| 8.63 | &nbsp;&nbsp; 12-24-2034 | 200000 | &nbsp;&nbsp; 214358 |
| &nbsp;&nbsp;&nbsp; Barclays PLC (U.S. SOFR+1.23%)± | 5.37 | &nbsp;&nbsp; 2-25-2031 | 550000 | &nbsp;&nbsp; 568463 |

---

See accompanying notes to portfolio of investments

14 \| Allspring Income Plus ETF

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BBVA Mexico SA Institucion De Banca Multiple Grupo <br> Financiero (5 Year Treasury Constant <br> Maturity+4.31%)144A±<br>| 5.88<br> %<br>| &nbsp;&nbsp; 9-13-2034 | $535000 | &nbsp;&nbsp; $534142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant <br> Maturity+4.90%)144Aʊ±<br>| 7.75 | &nbsp;&nbsp; 8-16-2029 | 225000 | &nbsp;&nbsp; 237640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia (1 Year Treasury Constant <br> Maturity+1.32%)144A±<br>| 5.93 | &nbsp;&nbsp; 3-14-2046 | 440000 | &nbsp;&nbsp; 448697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Danske Bank AS (1 Year Treasury Constant <br> Maturity+1.75%)144A±<br>| 4.30 | &nbsp;&nbsp; 4-1-2028 | 620000 | &nbsp;&nbsp; 621376 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC (U.S. SOFR+1.57%)± | 5.24 | &nbsp;&nbsp; 5-13-2031 | 485000 | &nbsp;&nbsp; 499684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC (5 Year Treasury Constant <br> Maturity+4.82%)ʊ±<br>| 6.75 | &nbsp;&nbsp; 6-27-2026 | 200000 | &nbsp;&nbsp; 201665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Australia Bank Ltd. (5 Year Treasury Constant <br> Maturity+1.70%)144A±<br>| 3.35 | &nbsp;&nbsp; 1-12-2037 | 940000 | &nbsp;&nbsp; 859236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (1 Year Treasury Constant <br> Maturity+1.77%)144A±<br>| 5.70 | &nbsp;&nbsp; 2-8-2035 | 550000 | &nbsp;&nbsp; 578306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (5 Year Treasury Constant <br> Maturity+3.40%)144Aʊ±<br>| 4.88 | &nbsp;&nbsp; 2-12-2027 | 235000 | &nbsp;&nbsp; 232830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (USD SOFR ICE Swap Rate 11:00am NY 5 <br> Year+3.63%)144Aʊ±<br>| 6.85 | &nbsp;&nbsp; 9-10-2029 | 200000 | &nbsp;&nbsp; 204505 |
|  |  |  |  | &nbsp;&nbsp; **6733472** |
| **Diversified financial services: 0.94%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global Aviation Trust (5 <br> Year Treasury Constant Maturity+2.72%)±<br>| 6.95 | &nbsp;&nbsp; 3-10-2055 | 510000 | &nbsp;&nbsp; 534396 |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd.144A | 2.75 | &nbsp;&nbsp; 2-21-2028 | 195000 | &nbsp;&nbsp; 188844 |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd.144A | 5.75 | &nbsp;&nbsp; 11-15-2029 | 455000 | &nbsp;&nbsp; 472044 |
| &nbsp;&nbsp;&nbsp; Brookfield Asset Management Ltd. | 6.08 | &nbsp;&nbsp; 9-15-2055 | 120000 | &nbsp;&nbsp; 122664 |
| &nbsp;&nbsp;&nbsp; Global Aircraft Leasing Co. Ltd.144A | 8.75 | &nbsp;&nbsp; 9-1-2027 | 370000 | &nbsp;&nbsp; 383708 |
| &nbsp;&nbsp;&nbsp; Macquarie AirFinance Holdings Ltd.144A | 6.40 | &nbsp;&nbsp; 3-26-2029 | 180000 | &nbsp;&nbsp; 188621 |
|  |  |  |  | &nbsp;&nbsp; **1890277** |
| **Insurance: 0.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aspen Insurance Holdings Ltd. | 5.75 | &nbsp;&nbsp; 7-1-2030 | 240000 | &nbsp;&nbsp; 250198 |
| &nbsp;&nbsp;&nbsp; Intact Financial Corp.144A | 5.46 | &nbsp;&nbsp; 9-22-2032 | 625000 | &nbsp;&nbsp; 645481 |
| &nbsp;&nbsp;&nbsp; RenaissanceRe Holdings Ltd. | 5.80 | &nbsp;&nbsp; 4-1-2035 | 440000 | &nbsp;&nbsp; 459554 |
|  |  |  |  | &nbsp;&nbsp; **1355233** |
| **Private equity: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brookfield Finance, Inc. | 5.33 | &nbsp;&nbsp; 1-15-2036 | 635000 | &nbsp;&nbsp; **635905** |
| **Government securities: 0.25%** |  |  |  |  |
| **Multi-national: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; African Export-Import Bank144A | 3.80 | &nbsp;&nbsp; 5-17-2031 | 560000 | &nbsp;&nbsp; **499219** |
| **Industrial: 0.38%** |  |  |  |  |
| **Engineering & construction: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CIMIC Finance USA Pty. Ltd.144A | 7.00 | &nbsp;&nbsp; 3-25-2034 | 45000 | &nbsp;&nbsp; **48857** |

---

See accompanying notes to portfolio of investments

Allspring Income Plus ETF \| 15

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Packaging & containers: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV144A | 12.25<br> %<br>| &nbsp;&nbsp; 1-15-2031 | $455000 | &nbsp;&nbsp; **$493691** |
| **Trucking & leasing: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; SMBC Aviation Capital Finance DAC144A | 5.25 | &nbsp;&nbsp; 11-26-2035 | 220000 | &nbsp;&nbsp; **219674** |
| **Utilities: 0.38%** |  |  |  |  |
| **Electric: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad144A | 3.88 | &nbsp;&nbsp; 7-26-2033 | 730000 | &nbsp;&nbsp; 646776 |
| &nbsp;&nbsp;&nbsp; Emera, Inc. Series 16-A (U.S. SOFR 3 Month+5.44%)± | 6.75 | &nbsp;&nbsp; 6-15-2076 | 115000 | &nbsp;&nbsp; 115527 |
|  |  |  |  | &nbsp;&nbsp; **762303** |
| **Total yankee corporate bonds and notes (Cost $17,945,468)** |  |  |  | &nbsp;&nbsp; **18482402** |
| **Yankee government bonds: 2.77%** |  |  |  |  |
| **Argentina: 0.77%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Argentinaøø | 4.13 | &nbsp;&nbsp; 7-9-2035 | 275000 | &nbsp;&nbsp; 204600 |
| &nbsp;&nbsp;&nbsp; Ciudad Autonoma De Buenos Aires144A | 7.80 | &nbsp;&nbsp; 11-26-2033 | 460000 | &nbsp;&nbsp; 466325 |
| &nbsp;&nbsp;&nbsp; Province of Santa Fe144A | 8.10 | &nbsp;&nbsp; 12-11-2034 | 550000 | &nbsp;&nbsp; 539742 |
| &nbsp;&nbsp;&nbsp; Provincia de Cordoba144Aøø | 6.88 | &nbsp;&nbsp; 2-1-2029 | 355000 | &nbsp;&nbsp; 338599 |
|  |  |  |  | &nbsp;&nbsp; **1549266** |
| **Benin: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Benin144A | 7.96 | &nbsp;&nbsp; 2-13-2038 | 350000 | &nbsp;&nbsp; **362827** |
| **Dominican Republic: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dominican Republic144A | 4.50 | &nbsp;&nbsp; 1-30-2030 | 160000 | &nbsp;&nbsp; 156040 |
| &nbsp;&nbsp;&nbsp; Dominican Republic144A | 4.88 | &nbsp;&nbsp; 9-23-2032 | 175000 | &nbsp;&nbsp; 168210 |
| &nbsp;&nbsp;&nbsp; Dominican Republic144A | 5.50 | &nbsp;&nbsp; 2-22-2029 | 215000 | &nbsp;&nbsp; 217387 |
| &nbsp;&nbsp;&nbsp; Dominican Republic144A | 7.05 | &nbsp;&nbsp; 2-3-2031 | 260000 | &nbsp;&nbsp; 278980 |
|  |  |  |  | &nbsp;&nbsp; **820617** |
| **Israel: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Israel | 5.75 | &nbsp;&nbsp; 3-12-2054 | 390000 | &nbsp;&nbsp; **375183** |
| **Ivory Coast: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ivory Coast144A | 8.25 | &nbsp;&nbsp; 1-30-2037 | 200000 | &nbsp;&nbsp; **217358** |
| **Mexico: 0.66%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mexico | 5.63 | &nbsp;&nbsp; 9-22-2035 | 555000 | &nbsp;&nbsp; 547230 |
| &nbsp;&nbsp;&nbsp; Mexico | 6.35 | &nbsp;&nbsp; 2-9-2035 | 535000 | &nbsp;&nbsp; 560680 |
| &nbsp;&nbsp;&nbsp; Mexico | 3.77 | &nbsp;&nbsp; 5-24-2061 | 350000 | &nbsp;&nbsp; 215425 |
|  |  |  |  | &nbsp;&nbsp; **1323335** |
| **Panama: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Panama | 4.50 | &nbsp;&nbsp; 1-19-2063 | 320000 | &nbsp;&nbsp; **238305** |
| **Peru: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Corp. Financiera de Desarrollo SA144A | 5.95 | &nbsp;&nbsp; 4-30-2029 | 665000 | &nbsp;&nbsp; **690190** |
| **Total yankee government bonds (Cost $5,365,779)** |  |  |  | &nbsp;&nbsp; **5577081** |

---

See accompanying notes to portfolio of investments

16 \| Allspring Income Plus ETF

------

Portfolio of investments—December 31, 2025 (unaudited)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares | Value |
| **Short-term investments: 0.72%** |  |  |  |  |
| **Investment companies: 0.72%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select <br> Class♠∞##<br>|  | 3.71<br> %<br>| 1445704 | &nbsp;&nbsp; **$1445704** |
| **Total short-term investments (Cost $1,445,704)** |  |  |  | &nbsp;&nbsp; **1445704** |
| **Total investments in securities (Cost $250,414,317)** | 126.83<br> %<br>|  |  | &nbsp;&nbsp; 255403910 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | (26.83)<br>|  |  | &nbsp;&nbsp; (54029446)<br>|
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$201374464** |

---

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

---

| |
|:---|
| The security is purchased on a when-issued basis. |
| 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>|
| Variable rate investment. The rate shown is the rate in effect at period end. |
| The coupon of the security is adjusted based on the principal and/or interest payments received from the underlying pool of mortgages as well as the credit quality <br> and the actual prepayment speed of the underlying mortgages. The rate shown is the rate in effect at period end.<br>|
| ¥A payment-in-kind (PIK) security is a security in which the issuer may make interest or dividend payments in cash or additional securities or a combination of both. <br> The rate shown is the rate in effect at period end.<br>|
| Security is perpetual in nature and has no stated maturity date. The date shown reflects the next call date. |
| All or a portion of this security is segregated as collateral for when-issued securities. |
| 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. |
| 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: |
| AUD | Australian dollar |
| BDC | Business Development Company |
| BRL | Brazilian real |
| CLP | Chile peso |
| COP | Colombian peso |
| CZK | Czech Republic koruna |
| EUR | Euro |
| EURIBOR | Euro Interbank Offered Rate |
| FHLMC | Federal Home Loan Mortgage Corporation |
| FNMA | Federal National Mortgage Association |
| GBP | Great British pound |
| GNMA | Government National Mortgage Association |
| MXN | Mexican peso |
| REIT | Real estate investment trust |
| SGD | Singapore dollar |
| SOFR | Secured Overnight Financing Rate |
| ZAR | South African rand |

---

**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>| $3273144 | $20630564 | $(22458004)<br>| $0 | $0 | $1445704 | 1445704 | $37685 |

---

See accompanying notes to portfolio of investments

Allspring Income Plus ETF \| 17

------

Portfolio of investments—December 31, 2025 (unaudited)

**Forward foreign currency contracts** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency to be <br>received | Currency to be <br>received | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| USD | 123677 | AUD | 184703 | Goldman Sachs International | 1-2-2026 | &nbsp;&nbsp;&nbsp; $416 | &nbsp;&nbsp;&nbsp; $0 |
| USD | 2161923 | CLP | 2050000000 | Morgan Stanley, Inc. | 1-2-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (113731)<br>|
| CLP | 2050000000 | USD | 2254630 | Morgan Stanley, Inc. | 1-2-2026 | &nbsp;&nbsp;&nbsp; 21024 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 2249830 | CLP | 2050000000 | Morgan Stanley, Inc. | 1-2-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (25824)<br>|
| CLP | 2050000000 | USD | 2249830 | Morgan Stanley, Inc. | 1-2-2026 | &nbsp;&nbsp;&nbsp; 25824 | &nbsp;&nbsp;&nbsp; 0 |
| EUR | 580000 | USD | 680421 | Morgan Stanley, Inc. | 1-15-2026 | &nbsp;&nbsp;&nbsp; 1518 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 33723514 | EUR | 28640000 | Morgan Stanley, Inc. | 1-15-2026 | &nbsp;&nbsp;&nbsp; 49835 | &nbsp;&nbsp;&nbsp; 0 |
| EUR | 320000 | USD | 376535 | State Street Bank & Trust Co. | 1-15-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (293)<br>|
| USD | 2066208 | CZK | 42680000 | Bank of New York Mellon Corp. | 1-20-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (10429)<br>|
| USD | 1051882 | MXN | 18990000 | Morgan Stanley, Inc. | 1-20-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (1180)<br>|
| USD | 2136777 | ZAR | 36000000 | Morgan Stanley, Inc. | 1-20-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (34947)<br>|
| USD | 4121296 | AUD | 6240000 | Bank of New York Mellon Corp. | 2-17-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (43628)<br>|
| AUD | 185000 | USD | 123893 | Goldman Sachs International | 2-17-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (414)<br>|
| USD | 4168174 | COP | 15897000000 | Morgan Stanley, Inc. | 2-17-2026 | &nbsp;&nbsp;&nbsp; 38513 | &nbsp;&nbsp;&nbsp; 0 |
| GBP | 22000 | USD | 29403 | State Street Bank & Trust Co. | 2-17-2026 | &nbsp;&nbsp;&nbsp; 249 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 6570826 | GBP | 4926000 | Bank of New York Mellon Corp. | 2-17-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (68646)<br>|
| GBP | 120000 | USD | 161771 | State Street Bank & Trust Co. | 2-17-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (30)<br>|
| USD | 5084423 | BRL | 28035000 | Bank of New York Mellon Corp. | 3-16-2026 | &nbsp;&nbsp;&nbsp; 51268 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 2256616 | CLP | 2050000000 | Morgan Stanley, Inc. | 3-23-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (22416)<br>|
| USD | 1036862 | SGD | 1330000 | Bank of New York Mellon Corp. | 3-23-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (3056)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; **$188647** | &nbsp;&nbsp;&nbsp; **$(324594)**<br>|

---

**Futures contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp; Notional <br>cost<br>| &nbsp;&nbsp; Notional <br>value<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| **Long** |  |  |  |  |  |  |
| &nbsp;&nbsp; Ultra U.S. Treasury Bond | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; $718933 | &nbsp;&nbsp; $708000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $(10933)<br>|
| &nbsp;&nbsp; 2-Year U.S. Treasury Notes | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 3-31-2026 | &nbsp;&nbsp; 20870471 | &nbsp;&nbsp; 20878906 | &nbsp;&nbsp; 8435 | &nbsp;&nbsp; 0 |
| **Short** |  |  |  |  |  |  |
| &nbsp;&nbsp; 10-Year Euro BUND Index | &nbsp;&nbsp; (40)<br>| &nbsp;&nbsp; 3-6-2026 | &nbsp;&nbsp; (6035761)<br>| &nbsp;&nbsp; (5996810)<br>| &nbsp;&nbsp; 38951 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; 5-Year Euro-BOBL Futures | &nbsp;&nbsp; (73)<br>| &nbsp;&nbsp; 3-6-2026 | &nbsp;&nbsp; (9998658)<br>| &nbsp;&nbsp; (9965320)<br>| &nbsp;&nbsp; 33338 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; 10-Year U.S. Treasury Notes | &nbsp;&nbsp; (6)<br>| &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; (673677)<br>| &nbsp;&nbsp; (674625)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (948)<br>|
| &nbsp;&nbsp; Ultra 10-Year U.S. Treasury Notes | &nbsp;&nbsp; (79)<br>| &nbsp;&nbsp; 3-20-2026 | &nbsp;&nbsp; (9119762)<br>| &nbsp;&nbsp; (9086234)<br>| &nbsp;&nbsp; 33528 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; 5-Year U.S. Treasury Notes | &nbsp;&nbsp; (200)<br>| &nbsp;&nbsp; 3-31-2026 | &nbsp;&nbsp; (21949098)<br>| &nbsp;&nbsp; (21860938)<br>| &nbsp;&nbsp; 88160 | &nbsp;&nbsp; 0 |
|  |  |  |  |  | &nbsp;&nbsp; **$202412** | &nbsp;&nbsp; **$(11881)**<br>|

---

**Centrally cleared credit default swap contracts** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference index | Fixed rate | &nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp; Maturity <br>date<br>| Notional <br>amount | Notional <br>amount | Value | Premiums <br>paid <br>(received)<br>| Unrealized <br>gains<br>| Unrealized <br>losses<br>|
| **Buy Protection** |  |  |  |  |  |  |  |  |  |
| Markit CDX Emerging Markets Index S42  | 5.00% | Quarterly | 6-20-2029 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; $18524 | &nbsp;&nbsp; $6058 | &nbsp;&nbsp; $12466 | &nbsp;&nbsp; $0 |
| &nbsp;&nbsp;&nbsp; Markit CDX North American High Yield <br> Series 43 <br>| 5.00 | Quarterly | 12-20-2029 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1720000 | &nbsp;&nbsp; 133732 | &nbsp;&nbsp; 110807 | &nbsp;&nbsp; 22925 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; Markit CDX North American High Yield <br> Series 44 <br>| 5.00 | Quarterly | 6-20-2030 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1915000 | &nbsp;&nbsp; 154741 | &nbsp;&nbsp; 125245 | &nbsp;&nbsp; 29496 | &nbsp;&nbsp; 0 |
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; **$64887** | &nbsp;&nbsp; **$0** |

---

See accompanying notes to portfolio of investments

18 \| Allspring Income Plus ETF

------

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

Notes to portfolio of investments

Securities valuation

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

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

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

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

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

Swap contracts are valued at the evaluated price provided by an independent pricing service 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, which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management's process for determining the fair value of the portfolio of investments.

Foreign currency translation

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

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.

Loans

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

Forward foreign currency contracts

A forward foreign currency contract is an agreement between two parties to purchase or sell a specific currency for an agreed-upon price at a future date. The Fund enters into forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to attempt to minimize the

Allspring Income Plus ETF \| 19

------

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

risk to the Fund from adverse changes in the relationship between currencies. Forward foreign currency contracts are recorded at the forward rate and marked-to-market daily. When the contracts are closed, realized gains and losses arising from such transactions are recorded as realized gains or losses on forward foreign currency contracts. The Fund is subject to foreign currency risk and may be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts or if the value of the foreign currency changes unfavorably. The Fund's maximum risk of loss from counterparty credit risk is the unrealized gains on the contracts. This risk may be mitigated if there is a master netting arrangement between the Fund and the counterparty.

Futures contracts

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

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

Swap contracts

Swap contracts are agreements between the Fund and a counterparty to exchange a series of cash flows over a specified period. Swap agreements are privately negotiated contracts between the Fund that are entered into as bilateral contracts in the over-the-counter market or centrally cleared ("centrally cleared swaps") with a central clearinghouse.

The Fund entered into centrally cleared swaps. In a centrally cleared swap, immediately following execution of the swap contract, the swap contract is novated to a central counterparty (the "CCP") and the Fund's counterparty on the swap agreement becomes the CCP. Upon entering into a centrally cleared swap, the Fund is required to deposit an initial margin with the broker in the form of cash or securities. Securities deposited as initial margin are designated in the Portfolio of investments. Pursuant to the contract, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in market value of the contract ("variation margin"). The variation margin is recorded as an unrealized gain (or loss) on centrally cleared swaps. Payments received from (paid to) the counterparty are recorded as realized gains (losses) when the contract is closed.

***Credit default swaps*** <br>The Fund may enter into credit default swaps for hedging or speculative purposes to provide or receive a measure of protection against default on a referenced entity, obligation or index or a basket of single-name issuers or traded indexes. An index credit default swap references all the names in the index, and if a credit event is triggered, the credit event is settled based on that name's weight in the index. Credit default swaps are agreements in which the protection buyer pays fixed periodic payments to the protection seller in consideration for a promise from the protection seller to make a specific payment should a negative credit event take place with respect to the referenced entity (e.g., bankruptcy, failure to pay, obligation acceleration, repudiation, moratorium or restructuring).

The Fund may enter into credit default swaps as either the seller of protection or the buyer of protection. If the Fund is the buyer of protection and a credit event occurs, the Fund will either receive from the seller an amount equal to the notional amount of the swap and deliver the referenced security or underlying securities comprising the index, or receive a net settlement of cash equal to the notional amount of the swap less the recovery value of the security or underlying securities comprising the index. If the Fund is the seller of protection and a credit event occurs, the Fund will either pay the buyer an amount equal to the notional amount of the swap and take delivery of the referenced security or underlying securities comprising the index or pay a net settlement of cash equal to the notional amount of the swap less the recovery value of the security or underlying securities comprising the index.

As the seller of protection, the Fund is subject to investment exposure on the notional amount of the swap and has assumed the risk of default of the underlying security or index. As the buyer of protection, the Fund could be exposed to risks if the seller of the protection defaults on its obligation to perform, or if there are unfavorable changes in the fluctuation of interest rates.

By entering into credit default swap contracts, the Fund is exposed to credit risk. In addition, certain credit default swap contracts entered into by the Fund provide for conditions that result in events of default or termination that enable the counterparty to the agreement to cause an early termination of the transactions under those agreements.

20 \| Allspring Income Plus ETF

------

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

Mortgage dollar roll transactions

The Fund may engage in mortgage dollar roll transactions through To Be Announced (TBA) mortgage-backed securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). In a mortgage dollar roll transaction, the Fund sells a mortgage-backed security to a financial institution, such as a bank or broker-dealer and simultaneously agrees to repurchase a substantially similar security from the institution at a later date at an agreed upon price. The mortgage-backed securities that are repurchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different pre-payment histories. During the roll period, the Fund foregoes principal and interest paid on the securities. The Fund is compensated by the difference between the current sales price and the forward price for the future purchase as well as by the earnings on the cash proceeds of the initial sale. Mortgage dollar rolls may be renewed without physical delivery of the securities subject to the contract. The Fund accounts for TBA dollar roll transactions as purchases and sales which, as a result, may increase its portfolio turnover rate.

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 December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Agency securities** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $71149078 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $71149078 |
| **Asset-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 12220082 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 12220082 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 51978100 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 51978100 |
| **Foreign corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 23281792 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 23281792 |
| **Foreign government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 35521371 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 35521371 |
| **Investment companies** | &nbsp;&nbsp; 470276 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 470276 |
| **Loans** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1826268 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1826268 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 6981070 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 6981070 |
| **U.S. Treasury securities** | &nbsp;&nbsp; 26470686 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 26470686 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 18482402 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 18482402 |
| **Yankee government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5577081 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5577081 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 1445704 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1445704 |
|  | &nbsp;&nbsp; 28386666 | &nbsp;&nbsp;&nbsp;&nbsp; 227017244 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 255403910 |
| **Forward foreign currency contracts** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 188647 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 188647 |
| **Futures contracts** | &nbsp;&nbsp; 202412 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 202412 |
| **Swap contracts** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 64887 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 64887 |
| **Total assets** | &nbsp;&nbsp; **$28589078** | &nbsp;&nbsp;&nbsp; **$227270778** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$255859856** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Forward foreign currency contracts** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $324594 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $324594 |
| **Futures contracts** | &nbsp;&nbsp; 11881 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11881 |
| **Total liabilities** | &nbsp;&nbsp; **$11881** | &nbsp;&nbsp;&nbsp; **$324594** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$336475** |

---

Allspring Income Plus ETF \| 21

------

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

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

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

As of December 31, 2025, $829,000 was segregated as cash collateral for these open futures contracts and $250,749 was segregated as cash collateral for swap contracts. The Fund also had $150,000 segregated as cash collateral for open forward foreign currency contracts.

At December 31, 2025, the Fund did not have any transfers into/out of Level 3.

22 \| Allspring Income Plus ETF

------

## 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 EXCHANGE-TRADED FUNDS TRUST

- **b. Investment Company Act file number:** 811-23597

- **c. CIK number of Registrant:** 0001611331

- **d. LEI of Registrant:** 2549008U45GDNN6MG464

- **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 Income Plus ETF

- **b. EDGAR series identifier (if any):** S000088478

- **c. LEI of Series:** 254900NN3J8PSS8W3163

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $260692227.39

**Total Liabilities:** $59322931.85

**Net Assets:** $201369295.54

**Cash Not Reported:** $520473.14

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -118.64000000 | **1-Year:** -3507.44000000 | **5-Year:** -14919.39000000 | **10-Year:** -15657.02000000 | **30-Year:** -7604.74000000

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

- **3-Month:** -187.30000000 | **1-Year:** -4331.15000000 | **5-Year:** -9281.65000000 | **10-Year:** -3055.55000000 | **30-Year:** -623.49000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254755 | 0.45%                | 0.39%                | 0.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $236296.16               | $-807691.86                                |
| Month 2  | $-66787.33               | $624711.72                                 |
| Month 3  | $121326.37               | $-431955.04                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Aggregate Index

- **Index Identifier:** agg_returns

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| A&D Mortgage Trust                                               | A&D Mortgage Trust 2024-NQM5                                                                                           | CUSIP: 00039KAC4<br>LEI: 9845006Z1DC68561N347 | Long             | ABS-MBS          | CORP              | US        |      409317 | PA      | $412040.74    | 0.20%             | 2069-11-25      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| AES CORP/THE                                                     | AES Corp/The                                                                                                           | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |       40000 | PA      | $40736.32     | 0.02%             | 2055-01-15      | Fixed         | 7.60%                 | No            | 2                  | On Loan: No      |
| AIB GROUP PLC                                                    | AIB Group PLC                                                                                                          | CUSIP: 00135TAF1<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |      200000 | PA      | $206389.32    | 0.10%             | 2031-05-15      | Fixed         | 5.32%                 | No            | 2                  | On Loan: No      |
| AT&T INC                                                         | AT&T Inc                                                                                                               | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      280000 | PA      | $186379.82    | 0.09%             | 2055-09-15      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| AT&T INC                                                         | AT&T Inc                                                                                                               | CUSIP: 00206RNE8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      590000 | PA      | $565907.95    | 0.28%             | 2054-11-01      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| ABBVIE INC                                                       | AbbVie Inc                                                                                                             | CUSIP: 00287YEB1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |      255000 | PA      | $255457.38    | 0.13%             | 2055-03-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                           | Adient Global Holdings Ltd                                                                                             | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |      280000 | PA      | $288975.40    | 0.14%             | 2033-02-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                              | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |      510000 | PA      | $534396.30    | 0.27%             | 2055-03-10      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| AFRICAN EXPORT-IMPORT BA                                         | African Export-Import Bank/The                                                                                         | CUSIP: 00831TAC5<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | XX        |      560000 | PA      | $499218.77    | 0.25%             | 2031-05-17      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| AIRCASTLE / IRELAND DAC                                          | Aircastle Ltd / Aircastle Ireland DAC                                                                                  | CUSIP: 00929JAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      345000 | PA      | $352200.97    | 0.17%             | 2030-03-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| AKER BP ASA                                                      | Aker BP ASA                                                                                                            | CUSIP: 00973RAP8<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |      165000 | PA      | $150016.86    | 0.07%             | 2054-10-01      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| Ajax Mortgage Loan Trust                                         | Ajax Mortgage Loan Trust 2021-E                                                                                        | CUSIP: 009740AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      523192 | PA      | $462839.06    | 0.23%             | 2060-12-25      | Variable      | 1.74%                 | No            | 2                  | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                         | Alexandria Real Estate Equities Inc                                                                                    | CUSIP: 015271BB4<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |      190000 | PA      | $165474.49    | 0.08%             | 2053-04-15      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Aligned Data Centers Issuer LLC                                  | Aligned Data Centers Issuer LLC                                                                                        | CUSIP: 01627AAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      160000 | PA      | $157128.59    | 0.08%             | 2046-08-15      | Fixed         | 2.48%                 | No            | 2                  | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                                                                  | CUSIP: 01F050619<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    13275000 | PA      | $13237664.06  | 6.57%             | 2055-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                                                                  | CUSIP: 01F052615<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     1695000 | PA      | $1718700.49   | 0.85%             | 2055-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                                                                  | CUSIP: 01F060618<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    23830000 | PA      | $24466915.61  | 12.15%            | 2055-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| AMER AIRLN 15-1 A PTT                                            | American Airlines 2015-1 Class A Pass Through Trust                                                                    | CUSIP: 023770AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      438529 | PA      | $432860.18    | 0.21%             | 2027-05-01      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| AMERICAN EXPRESS CO                                              | American Express Co                                                                                                    | CUSIP: 025816EM7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |      550000 | PA      | $543091.09    | 0.27%             | 2036-10-24      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| American Greetings Corporation                                   | American Greetings Corporation 2024 Term Loan B                                                                        | CUSIP: 02639DAN6<br>LEI: 549300WMJOT8C9DNMF90 | Long             | LON              | CORP              | US        |      359532 | PA      | $354506.22    | 0.18%             | 2029-10-30      | Floating      | 9.47%                 | No            | 2                  | On Loan: No      |
| APA CORP                                                         | APA Corp                                                                                                               | CUSIP: 03743QBC1<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |      112000 | PA      | $95068.22     | 0.05%             | 2042-02-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| ARCHES BUYER INC                                                 | Arches Buyer Inc                                                                                                       | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |      250000 | PA      | $243872.77    | 0.12%             | 2028-12-01      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| ARES CAPITAL CORP                                                | Ares Capital Corp                                                                                                      | CUSIP: 04010LBF9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |      125000 | PA      | $128228.85    | 0.06%             | 2029-03-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| ARES CAPITAL CORP                                                | Ares Capital Corp                                                                                                      | CUSIP: 04010LBK8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |      240000 | PA      | $241565.86    | 0.12%             | 2030-09-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| ARES CAPITAL CORP                                                | Ares Capital Corp                                                                                                      | CUSIP: 04010LBL6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |      410000 | PA      | $404960.45    | 0.20%             | 2031-01-15      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| Argentina Republic Government International Bonds                | Argentina Republic Government International Bonds                                                                      | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      275000 | PA      | $204600.00    | 0.10%             | 2035-07-09      | Variable      | 4.13%                 | No            | 2                  | On Loan: No      |
| ARES FINANCE CO II LLC                                           | Ares Finance Co II LLC                                                                                                 | CUSIP: 04015KAB6<br>LEI: 54930012GWL4VKKENG46 | Long             | DBT              | CORP              | US        |      285000 | PA      | $270193.79    | 0.13%             | 2030-06-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| ASPEN INSURANCE HLDG LTD                                         | Aspen Insurance Holdings Ltd                                                                                           | CUSIP: 04530DAE2<br>LEI: 549300YX6HECG9XQCQ75 | Long             | DBT              | CORP              | BM        |      240000 | PA      | $250198.50    | 0.12%             | 2030-07-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Asurion LLC                                                      | Asurion LLC 2021 2nd Lien Term Loan B3                                                                                 | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |      245000 | PA      | $243814.20    | 0.12%             | 2028-01-31      | Floating      | 9.08%                 | No            | 2                  | On Loan: No      |
| ATHENE GLOBAL FUNDING                                            | Athene Global Funding                                                                                                  | CUSIP: 04685A4R9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |      320000 | PA      | $322389.57    | 0.16%             | 2030-07-17      | Fixed         | 5.03%                 | No            | 2                  | On Loan: No      |
| ATHENE GLOBAL FUNDING                                            | Athene Global Funding                                                                                                  | CUSIP: 04685A4S7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |      520000 | PA      | $521720.48    | 0.26%             | 2035-08-22      | Fixed         | 5.54%                 | No            | 2                  | On Loan: No      |
| Avant Loans Funding Trust                                        | Avant Loans Funding Trust 2024-REV1                                                                                    | CUSIP: 05352UAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1013595.10   | 0.50%             | 2033-10-15      | Fixed         | 6.17%                 | No            | 2                  | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                         | Avolon Holdings Funding Ltd                                                                                            | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |      195000 | PA      | $188843.85    | 0.09%             | 2028-02-21      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                         | Avolon Holdings Funding Ltd                                                                                            | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |      455000 | PA      | $472043.41    | 0.23%             | 2029-11-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| The BAHA Trust                                                   | BAHA Trust 2024-MAR                                                                                                    | CUSIP: 05493XAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $523277.95    | 0.26%             | 2041-12-10      | Variable      | 6.84%                 | No            | 2                  | On Loan: No      |
| BAT CAPITAL CORP                                                 | BAT Capital Corp                                                                                                       | CUSIP: 05526DCC7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |      360000 | PA      | $374986.33    | 0.19%             | 2035-08-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| BAT CAPITAL CORP                                                 | BAT Capital Corp                                                                                                       | CUSIP: 05526DCD5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |      250000 | PA      | $257796.26    | 0.13%             | 2055-08-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| BBVA MEX BANCA GRUPO TX                                          | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                                           | CUSIP: 05533UAG3<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |      535000 | PA      | $534141.82    | 0.27%             | 2034-09-13      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS                                                      | BNP Paribas SA                                                                                                         | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |      225000 | PA      | $237640.28    | 0.12%             | 2029-08-16      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| BP CAPITAL MARKETS PLC                                           | BP Capital Markets PLC                                                                                                 | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |      710000 | PA      | $706332.25    | 0.35%             | 2030-03-22      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| BSPRT Issuer, Ltd.                                               | BSPRT 2025-FL12 Issuer LLC                                                                                             | CUSIP: 05619BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      400000 | PA      | $399715.23    | 0.20%             | 2043-01-17      | Floating      | 5.12%                 | No            | 2                  | On Loan: No      |
| Boca Commercial Mortgage Trust                                   | BOCA Commercial Mortgage Trust 2025-BOCA                                                                               | CUSIP: 05619RAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      165000 | PA      | $165206.07    | 0.08%             | 2042-12-15      | Floating      | 6.00%                 | No            | 2                  | On Loan: No      |
| BANCOLOMBIA SA                                                   | Bancolombia SA                                                                                                         | CUSIP: 05968LAN2<br>LEI: 54930052NWJRPNMP1W58 | Long             | DBT              | CORP              | CO        |      200000 | PA      | $214357.88    | 0.11%             | 2034-12-24      | Fixed         | 8.63%                 | No            | 2                  | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                         | Banco Mercantil del Norte SA/Grand Cayman                                                                              | CUSIP: 05971PAD0<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |      695000 | PA      | $729750.01    | 0.36%             | 2031-05-20      | Fixed         | 8.38%                 | No            | 2                  | On Loan: No      |
| BANCO NACIONAL COM EXT                                           | Banco Nacional de Comercio Exterior SNC/Cayman Islands                                                                 | CUSIP: 05973JAA8<br>LEI: 4469000001BL6VG3DH44 | Long             | DBT              | CORP              | MX        |      410000 | PA      | $402386.38    | 0.20%             | 2031-08-11      | Fixed         | 2.72%                 | No            | 2                  | On Loan: No      |
| BANCO INDUSTRIAL SA                                              | Banco Industrial SA/Guatemala                                                                                          | CUSIP: 05991CAA1<br>LEI: 529900GF99QF67JEQU85 | Long             | DBT              | CORP              | GT        |      195000 | PA      | $194044.50    | 0.10%             | 2031-01-29      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp                                                                                                   | CUSIP: 060505EU4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      215000 | PA      | $214908.90    | 0.11%             | 2026-03-10      | Fixed         | 6.30%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp                                                                                                   | CUSIP: 06051GMB2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      450000 | PA      | $460226.63    | 0.23%             | 2035-08-15      | Fixed         | 5.43%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp                                                                                                   | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      190000 | PA      | $194602.12    | 0.10%             | 2035-10-25      | Fixed         | 5.52%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp                                                                                                   | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      175000 | PA      | $182341.43    | 0.09%             | 2030-05-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| Bank                                                             | Bank 2019-BNK19                                                                                                        | CUSIP: 06540WBD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      250000 | PA      | $236765.98    | 0.12%             | 2061-08-15      | Fixed         | 3.18%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                                                     | Barclays PLC                                                                                                           | CUSIP: 06738ECY9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |      550000 | PA      | $568462.88    | 0.28%             | 2031-02-25      | Fixed         | 5.37%                 | No            | 2                  | On Loan: No      |
| BASIN ELECTRIC PWR COOP                                          | Basin Electric Power Cooperative                                                                                       | CUSIP: 070101AJ9<br>LEI: 5493002CLOJ5KYT5GB16 | Long             | DBT              | CORP              | US        |      225000 | PA      | $220369.88    | 0.11%             | 2055-10-15      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| BAUSCH HEALTH COS INC                                            | Bausch Health Cos Inc                                                                                                  | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |      245000 | PA      | $197225.00    | 0.10%             | 2029-02-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| BAXTER INTERNATIONAL INC                                         | Baxter International Inc                                                                                               | CUSIP: 071813DE6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |      200000 | PA      | $202403.67    | 0.10%             | 2035-12-15      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| BEACH ACQUISITION BIDCO                                          | Beach Acquisition Bidco LLC                                                                                            | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |      625000 | PA      | $689864.38    | 0.34%             | 2033-07-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| BENIN INTL GOV BOND                                              | Benin Government International Bond                                                                                    | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |      350000 | PA      | $362827.43    | 0.18%             | 2038-02-13      | Fixed         | 7.96%                 | No            | 2                  | On Loan: No      |
| BLACKROCK FUNDING INC                                            | BlackRock Funding Inc                                                                                                  | CUSIP: 09290DAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      275000 | PA      | $263562.01    | 0.13%             | 2054-03-14      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| BORR IHC LTD / BORR FIN                                          | Borr IHC Ltd / Borr Finance LLC                                                                                        | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      119512 | PA      | $120070.52    | 0.06%             | 2028-11-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                         | Brandywine Operating Partnership LP                                                                                    | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |       50000 | PA      | $53890.89     | 0.03%             | 2029-04-12      | Fixed         | 8.88%                 | No            | 2                  | On Loan: No      |
| BRASKEM NETHERLANDS                                              | Braskem Netherlands Finance BV                                                                                         | CUSIP: 10554TAG0<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |      380000 | PA      | $147250.00    | 0.07%             | 2033-02-13      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| BRAVO Residential Funding Trust                                  | BRAVO Residential Funding Trust 2023-NQM1                                                                              | CUSIP: 10568MAA2<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |      668447 | PA      | $666321.22    | 0.33%             | 2063-01-25      | Variable      | 5.76%                 | No            | 2                  | On Loan: No      |
| BRISTOW GROUP INC                                                | Bristow Group Inc                                                                                                      | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |      208000 | PA      | $208256.05    | 0.10%             | 2028-03-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| BROOKFIELD ASSET MANAGEM                                         | Brookfield Asset Management Ltd                                                                                        | CUSIP: 112586AB8<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |      120000 | PA      | $122664.29    | 0.06%             | 2055-09-15      | Fixed         | 6.08%                 | No            | 2                  | On Loan: No      |
| BROOKFIELD FINANCE INC                                           | Brookfield Finance Inc                                                                                                 | CUSIP: 11271LAQ5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |      635000 | PA      | $635904.69    | 0.32%             | 2036-01-15      | Fixed         | 5.33%                 | No            | 2                  | On Loan: No      |
| BUCKEYE PARTNERS LP                                              | Buckeye Partners LP                                                                                                    | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |       40000 | PA      | $37511.08     | 0.02%             | 2043-11-15      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| CITY OF BUENOS AIRES                                             | Ciudad Autonoma De Buenos Aires/Government Bonds                                                                       | CUSIP: 11943HAD1<br>LEI: 5299007MC8RF52X0ON96 | Long             | DBT              | NUSS              | AR        |      460000 | PA      | $466325.00    | 0.23%             | 2033-11-26      | Fixed         | 7.80%                 | No            | 2                  | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                         | Burlington Northern Santa Fe LLC                                                                                       | CUSIP: 12189LBN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      171000 | PA      | $168561.76    | 0.08%             | 2056-03-15      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                                                           | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      831000 | PA      | $706577.97    | 0.35%             | 2034-01-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                         | CHS/Community Health Systems Inc                                                                                       | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |      228000 | PA      | $248848.32    | 0.12%             | 2032-01-15      | Fixed         | 10.88%                | No            | 2                  | On Loan: No      |
| CP ATLAS BUYER INC                                               | CP Atlas Buyer Inc                                                                                                     | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |      380000 | PA      | $393584.81    | 0.20%             | 2030-07-15      | Fixed         | 9.75%                 | No            | 2                  | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC Holdings LLC                                                                                                       | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      186000 | PA      | $159479.93    | 0.08%             | 2027-04-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC Holdings LLC                                                                                                       | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      350000 | PA      | $278482.86    | 0.14%             | 2028-05-15      | Fixed         | 11.25%                | No            | 2                  | On Loan: No      |
| Credit Suisse Mortgage Trust                                     | CSMC 2018-RPL9 Trust                                                                                                   | CUSIP: 12654PAE8<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |      357259 | PA      | $345988.28    | 0.17%             | 2057-09-25      | Variable      | 3.85%                 | No            | 2                  | On Loan: No      |
| CABLEVISION LIGHTPATH                                            | Cablevision Lightpath LLC                                                                                              | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |      203000 | PA      | $198402.17    | 0.10%             | 2028-09-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                         | California Resources Corp                                                                                              | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |      174000 | PA      | $182000.65    | 0.09%             | 2029-06-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| CAMELOT RETURN MERGER SU                                         | Camelot Return Merger Sub Inc                                                                                          | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      520000 | PA      | $402945.54    | 0.20%             | 2028-08-01      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | Celanese US Holdings LLC                                                                                               | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      400000 | PA      | $416249.71    | 0.21%             | 2032-07-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Centersquare Issuer LLC                                          | Centersquare Issuer LLC                                                                                                | CUSIP: 15201EAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      300000 | PA      | $294187.59    | 0.15%             | 2055-03-26      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| CENTURY COMMUNITIES                                              | Century Communities Inc                                                                                                | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |      445000 | PA      | $449983.47    | 0.22%             | 2033-09-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                         | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      490000 | PA      | $440909.24    | 0.22%             | 2031-04-01      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                         | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       70000 | PA      | $45179.62     | 0.02%             | 2052-06-01      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                         | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      205000 | PA      | $213954.18    | 0.11%             | 2029-06-01      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| CHEMOURS CO                                                      | Chemours Co/The                                                                                                        | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |      420000 | PA      | $406607.33    | 0.20%             | 2033-01-15      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| CIMIC FINANCE USA PTY LT                                         | CIMIC Finance USA Pty Ltd                                                                                              | CUSIP: 171873AB8<br>LEI: 213800GNWSV32LXHCZ50 | Long             | DBT              | CORP              | AU        |       45000 | PA      | $48856.71     | 0.02%             | 2034-03-25      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| CITADEL LP                                                       | Citadel LP                                                                                                             | CUSIP: 17288XAC8<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |      250000 | PA      | $265338.89    | 0.13%             | 2032-01-23      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup Inc                                                                                                          | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      255000 | PA      | $257383.57    | 0.13%             | 2036-09-11      | Fixed         | 5.17%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup Inc                                                                                                          | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      305000 | PA      | $309962.90    | 0.15%             | 2031-02-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| CIVITAS RESOURCES INC                                            | Civitas Resources Inc                                                                                                  | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |      190000 | PA      | $205127.46    | 0.10%             | 2033-06-15      | Fixed         | 9.63%                 | No            | 2                  | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                         | Clear Channel Outdoor Holdings Inc                                                                                     | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |       40000 | PA      | $42251.65     | 0.02%             | 2033-03-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| CLEVELAND-CLIFFS INC                                             | Cleveland-Cliffs Inc                                                                                                   | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |       80000 | PA      | $76760.31     | 0.04%             | 2031-03-01      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| CLEVELAND-CLIFFS INC                                             | Cleveland-Cliffs Inc                                                                                                   | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      385000 | PA      | $394625.18    | 0.20%             | 2032-03-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| ClickLease Equipment Receivables 2024-1 Trust                    | ClickLease Equipment Receivables 2024-1 Trust                                                                          | CUSIP: 18682FAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      395121 | PA      | $399888.11    | 0.20%             | 2030-02-15      | Fixed         | 8.40%                 | No            | 2                  | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                           | Cloud Software Group Inc                                                                                               | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |      177000 | PA      | $184347.34    | 0.09%             | 2029-09-30      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                           | Cloud Software Group Inc                                                                                               | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |      438000 | PA      | $457727.62    | 0.23%             | 2032-06-30      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| CLYDESDALE ACQUISITION                                           | Clydesdale Acquisition Holdings Inc                                                                                    | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |      480000 | PA      | $488005.92    | 0.24%             | 2030-04-15      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| COCA-COLA ICECEK AS                                              | Coca-Cola Icecek AS                                                                                                    | CUSIP: 1912ERAA8<br>LEI: 789000WT80VVLUWJDK41 | Long             | DBT              | CORP              | TR        |      635000 | PA      | $625691.41    | 0.31%             | 2029-01-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| COMCAST CORP                                                     | Comcast Corp                                                                                                           | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |      130000 | PA      | $73043.74     | 0.04%             | 2056-11-01      | Fixed         | 2.94%                 | No            | 2                  | On Loan: No      |
| COMCAST CORP                                                     | Comcast Corp                                                                                                           | CUSIP: 20030NEG2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |      195000 | PA      | $174359.29    | 0.09%             | 2064-05-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| COMISION FEDERAL DE ELEC                                         | Comision Federal de Electricidad                                                                                       | CUSIP: 200447AK6<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |      730000 | PA      | $646776.23    | 0.32%             | 2033-07-26      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| COMMONWEALTH BANK AUST                                           | Commonwealth Bank of Australia                                                                                         | CUSIP: 202712BX2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |      440000 | PA      | $448697.24    | 0.22%             | 2046-03-14      | Fixed         | 5.93%                 | No            | 2                  | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                           | ConocoPhillips Co                                                                                                      | CUSIP: 20826FBN5<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |       75000 | PA      | $72012.87     | 0.04%             | 2065-01-15      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| Consolidated Communications LLC, Fidium Fiber Finance Holdco LLC | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC                                                        | CUSIP: 209031AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      850000 | PA      | $869761.82    | 0.43%             | 2055-05-20      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| CORP FINANCIERA DE DESAR                                         | Corp Financiera de Desarrollo SA                                                                                       | CUSIP: 21987DAG9<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |      665000 | PA      | $690190.20    | 0.34%             | 2029-04-30      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae                                                                                                             | CUSIP: 21H050615<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     2185000 | PA      | $2179835.60   | 1.08%             | 2055-01-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae                                                                                                             | CUSIP: 21H052611<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    16825000 | PA      | $16988141.76  | 8.44%             | 2055-01-20      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| IVORY COAST                                                      | Ivory Coast Government International Bond                                                                              | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      200000 | PA      | $217357.94    | 0.11%             | 2037-01-30      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                                         | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC                                                   | CUSIP: 222070AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      190000 | PA      | $187219.11    | 0.09%             | 2029-01-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                                         | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC                                                   | CUSIP: 22207AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      245000 | PA      | $247228.47    | 0.12%             | 2031-01-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Crown Finance US Inc                                             | Crown Finance US Inc 2025 Term Loan B                                                                                  | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |      529663 | PA      | $521453.60    | 0.26%             | 2031-12-02      | Floating      | 8.34%                 | No            | 2                  | On Loan: No      |
| DI Issuer LLC                                                    | DI Issuer LLC                                                                                                          | CUSIP: 23292FAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      225000 | PA      | $225619.18    | 0.11%             | 2054-09-15      | Fixed         | 5.81%                 | No            | 2                  | On Loan: No      |
| DANSKE BANK A/S                                                  | Danske Bank A/S                                                                                                        | CUSIP: 23636ABC4<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |      620000 | PA      | $621376.05    | 0.31%             | 2028-04-01      | Fixed         | 4.30%                 | No            | 2                  | On Loan: No      |
| DirecTV Financing LLC                                            | DirecTV Financing LLC Term Loan                                                                                        | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |        6569 | PA      | $6571.31      | 0.00%             | 2027-08-02      | Floating      | 9.10%                 | No            | 2                  | On Loan: No      |
| DISH NETWORK CORP                                                | DISH Network Corp                                                                                                      | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |      229000 | PA      | $238338.62    | 0.12%             | 2027-11-15      | Fixed         | 11.75%                | No            | 2                  | On Loan: No      |
| DOMINICAN REPUBLIC                                               | Dominican Republic International Bond                                                                                  | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      160000 | PA      | $156040.00    | 0.08%             | 2030-01-30      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| DOMINICAN REPUBLIC                                               | Dominican Republic International Bond                                                                                  | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      175000 | PA      | $168210.00    | 0.08%             | 2032-09-23      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| DOMINICAN REPUBLIC                                               | Dominican Republic International Bond                                                                                  | CUSIP: 25714PEP9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      215000 | PA      | $217386.50    | 0.11%             | 2029-02-22      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| DOMINICAN REPUBLIC                                               | Dominican Republic International Bond                                                                                  | CUSIP: 25714PET1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      260000 | PA      | $278980.00    | 0.14%             | 2031-02-03      | Fixed         | 7.05%                 | No            | 2                  | On Loan: No      |
| DOMINION ENERGY INC                                              | Dominion Energy Inc                                                                                                    | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |      125000 | PA      | $128807.13    | 0.06%             | 2055-05-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Capital Services LLC                              | PURCHASED USD / SOLD EUR                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |           1 | NC      | $49835.09     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley Capital Services LLC                              | PURCHASED USD / SOLD COP                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |           1 | NC      | $38512.60     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of New York Mellon                                          | PURCHASED USD / SOLD BRL                                                                                               | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |           1 | NC      | $51268.66     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley Capital Services LLC                              | PURCHASED USD / SOLD ZAR                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |           1 | NC      | $-34947.21    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley Capital Services LLC                              | PURCHASED USD / SOLD MXN                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |           1 | NC      | $-1179.54     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Bank of New York Mellon                                          | PURCHASED USD / SOLD CZK                                                                                               | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |           1 | NC      | $-10429.33    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Bank of New York Mellon                                          | PURCHASED USD / SOLD GBP                                                                                               | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |           1 | NC      | $-68646.30    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| Bank of New York Mellon                                          | PURCHASED USD / SOLD AUD                                                                                               | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |           1 | NC      | $-43627.88    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| Bank of New York Mellon                                          | PURCHASED USD / SOLD SGD                                                                                               | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |           1 | NC      | $-3055.51     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley Capital Services LLC                              | PURCHASED USD / SOLD CLP                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |           1 | NC      | $-113731.09   | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley Capital Services LLC                              | PURCHASED CLP / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CL        |           1 | NC      | $21023.59     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley Capital Services LLC                              | PURCHASED USD / SOLD CLP                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |           1 | NC      | $-22415.50    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley Capital Services LLC                              | PURCHASED EUR / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | XX        |           1 | NC      | $1517.83      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                    | PURCHASED GBP / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |           1 | NC      | $249.36       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley Capital Services LLC                              | PURCHASED USD / SOLD CLP                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |           1 | NC      | $-25823.94    | -0.01%            |  |  |  | No            | N/A                | On Loan: No      |
| Morgan Stanley Capital Services LLC                              | PURCHASED CLP / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CL        |           1 | NC      | $25823.94     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| State Street Bank & Trust Co.                                    | PURCHASED GBP / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |           1 | NC      | $-29.70       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                    | PURCHASED EUR / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |           1 | NC      | $-292.50      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| ECHOSTAR CORP                                                    | EchoStar Corp                                                                                                          | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |      483562 | PA      | $495394.08    | 0.25%             | 2030-11-30      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| EMERA INC                                                        | Emera Inc                                                                                                              | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |      115000 | PA      | $115526.36    | 0.06%             | 2076-06-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                                                     | Enbridge Inc                                                                                                           | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      355000 | PA      | $358372.86    | 0.18%             | 2080-07-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                                               | Energy Transfer LP                                                                                                     | CUSIP: 29273VAW0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      400000 | PA      | $379060.37    | 0.19%             | 2054-05-15      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                                               | Energy Transfer LP                                                                                                     | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |       78000 | PA      | $83261.49     | 0.04%             | 2054-05-15      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                                               | Energy Transfer LP                                                                                                     | CUSIP: 29273VBF6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      150000 | PA      | $147025.25    | 0.07%             | 2055-04-01      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| ENTEGRIS INC                                                     | Entegris Inc                                                                                                           | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |      205000 | PA      | $205447.31    | 0.10%             | 2029-04-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                                         | Equitable America Global Funding                                                                                       | CUSIP: 29446Q2B8<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |      440000 | PA      | $448117.29    | 0.22%             | 2030-06-09      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| ESSENTIAL PROPER                                                 | Essential Properties LP                                                                                                | CUSIP: 29670VAA7<br>LEI: 254900XX9FNFCDE1NX02 | Long             | DBT              |  | US        |      255000 | PA      | $232775.82    | 0.12%             | 2031-07-15      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| ESSENTIAL PROPERTIES LP                                          | Essential Properties LP                                                                                                | CUSIP: 29670VAB5<br>LEI: 254900XX9FNFCDE1NX02 | Long             | DBT              |  | US        |      405000 | PA      | $405745.13    | 0.20%             | 2035-12-01      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| EUSHI FINANCE INC                                                | EUSHI Finance Inc                                                                                                      | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      235000 | PA      | $247043.64    | 0.12%             | 2054-12-15      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |
| EVERGY INC                                                       | Evergy Inc                                                                                                             | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |      120000 | PA      | $122656.56    | 0.06%             | 2055-06-01      | Fixed         | 6.65%                 | No            | 2                  | On Loan: No      |
| FIGRE Trust                                                      | FIGRE Trust 2025-HE1                                                                                                   | CUSIP: 30191LAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      804997 | PA      | $814948.35    | 0.40%             | 2055-01-25      | Variable      | 6.03%                 | No            | 2                  | On Loan: No      |
| META PLATFORMS INC                                               | Meta Platforms Inc                                                                                                     | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |      475000 | PA      | $474363.50    | 0.24%             | 2035-11-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| META PLATFORMS INC                                               | Meta Platforms Inc                                                                                                     | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |      385000 | PA      | $369511.82    | 0.18%             | 2055-11-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWMS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     4922992 | PA      | $4993928.22   | 2.48%             | 2054-10-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      382364 | PA      | $387794.92    | 0.19%             | 2054-11-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                                                       | CUSIP: 31426PZG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     2157033 | PA      | $2187674.87   | 1.09%             | 2055-06-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Five Guys Funding, LLC                                           | Five Guys Holdings Inc                                                                                                 | CUSIP: 33830JAE5<br>LEI: 549300XWT8G8Q3Z3HJ19 | Long             | ABS-O            | CORP              | US        |      346500 | PA      | $356368.56    | 0.18%             | 2054-01-26      | Fixed         | 7.55%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                         | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397H48<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      470000 | PA      | $477236.51    | 0.24%             | 2030-09-05      | Fixed         | 5.73%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                         | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397H89<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      680000 | PA      | $671555.11    | 0.33%             | 2035-10-31      | Fixed         | 5.87%                 | No            | 2                  | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                            | Foundry JV Holdco LLC                                                                                                  | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |      200000 | PA      | $205389.14    | 0.10%             | 2034-01-25      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                            | Foundry JV Holdco LLC                                                                                                  | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |      375000 | PA      | $394050.57    | 0.20%             | 2037-01-25      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| Freedom Financial                                                | FREED ABS Trust 2022-3FP                                                                                               | CUSIP: 35634EAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       50372 | PA      | $50605.93     | 0.03%             | 2029-08-20      | Fixed         | 7.36%                 | No            | 2                  | On Loan: No      |
| GEO GROUP INC/THE                                                | GEO Group Inc/The                                                                                                      | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |      125000 | PA      | $136835.39    | 0.07%             | 2031-04-15      | Fixed         | 10.25%                | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae II Pool                                                                                                     | CUSIP: 3618N5C56<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     1800848 | PA      | $1798692.99   | 0.89%             | 2054-12-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae II Pool                                                                                                     | CUSIP: 3618N5C64<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     3153079 | PA      | $3189729.74   | 1.58%             | 2054-12-20      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| GILDAN ACTIVEWEAR INC                                            | Gildan Activewear Inc                                                                                                  | CUSIP: 375916AG8<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |      145000 | PA      | $144584.52    | 0.07%             | 2035-10-07      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| GLOBAL PAYMENTS INC                                              | Global Payments Inc                                                                                                    | CUSIP: 37940XAR3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |       60000 | PA      | $57315.06     | 0.03%             | 2052-08-15      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| GLOBAL PAYMENTS INC                                              | Global Payments Inc                                                                                                    | CUSIP: 37940XAW2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |      530000 | PA      | $530590.96    | 0.26%             | 2030-11-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| GLOBAL PAYMENTS INC                                              | Global Payments Inc                                                                                                    | CUSIP: 37940XAX0<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |      195000 | PA      | $195091.35    | 0.10%             | 2032-11-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                                          | Global Aircraft Leasing Co Ltd                                                                                         | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      370000 | PA      | $383708.13    | 0.19%             | 2027-09-01      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | Goldman Sachs Group Inc/The                                                                                            | CUSIP: 38144GAE1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      325000 | PA      | $322034.85    | 0.16%             | 2026-05-10      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| GRAY MEDIA INC                                                   | Gray Media Inc                                                                                                         | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |      425000 | PA      | $441051.56    | 0.22%             | 2032-07-15      | Fixed         | 9.63%                 | No            | 2                  | On Loan: No      |
| GUARDIAN LIFE INSURANCE                                          | Guardian Life Insurance Co of America/The                                                                              | CUSIP: 401378AC8<br>LEI: N1YIDVMMKBHFYCCAIX69 | Long             | DBT              | CORP              | US        |      155000 | PA      | $127042.01    | 0.06%             | 2077-01-24      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC Holdings PLC                                                                                                      | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      485000 | PA      | $499684.24    | 0.25%             | 2031-05-13      | Fixed         | 5.24%                 | No            | 2                  | On Loan: No      |
| HASBRO INC                                                       | Hasbro Inc                                                                                                             | CUSIP: 418056BA4<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |      270000 | PA      | $286415.61    | 0.14%             | 2034-05-14      | Fixed         | 6.05%                 | No            | 2                  | On Loan: No      |
| HP ENTERPRISE CO                                                 | Hewlett Packard Enterprise Co                                                                                          | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |      195000 | PA      | $180667.29    | 0.09%             | 2054-10-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                         | Hilcorp Energy I LP / Hilcorp Finance Co                                                                               | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      246000 | PA      | $233855.32    | 0.12%             | 2031-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Hipgnosis Music Assets LP                                        | Hipgnosis Music Assets 2022-1 LP                                                                                       | CUSIP: 43351RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      499404 | PA      | $498791.85    | 0.25%             | 2062-05-16      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| INTEL CORP                                                       | Intel Corp                                                                                                             | CUSIP: 458140BJ8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |       85000 | PA      | $54301.55     | 0.03%             | 2049-11-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| INTEL CORP                                                       | Intel Corp                                                                                                             | CUSIP: 458140BV1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |      255000 | PA      | $178106.40    | 0.09%             | 2041-08-12      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| INTACT FINANCIAL CORP                                            | Intact Financial Corp                                                                                                  | CUSIP: 45823TAL0<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | DBT              | CORP              | CA        |      625000 | PA      | $645481.00    | 0.32%             | 2032-09-22      | Fixed         | 5.46%                 | No            | 2                  | On Loan: No      |
| STATE OF ISRAEL                                                  | Israel Government International Bond                                                                                   | CUSIP: 46514BRM1<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |      390000 | PA      | $375182.64    | 0.19%             | 2054-03-12      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Jack in the Box Funding, LLC                                     | Jack in the Box Funding LLC                                                                                            | CUSIP: 466365AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000125 | PA      | $956116.30    | 0.47%             | 2049-08-25      | Fixed         | 4.97%                 | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co                                                                                                    | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      915000 | PA      | $946520.73    | 0.47%             | 2036-07-23      | Fixed         | 5.58%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust Series 2025-CES1                                                                              | CUSIP: 46658XAE5<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-MBS          | CORP              | US        |     1000000 | PA      | $1013753.20   | 0.50%             | 2055-05-25      | Variable      | 6.07%                 | No            | 2                  | On Loan: No      |
| Jersey Mikes Funding LLC                                         | Jersey Mike's Funding LLC                                                                                              | CUSIP: 476681AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      337450 | PA      | $344232.61    | 0.17%             | 2055-02-15      | Fixed         | 5.64%                 | No            | 2                  | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                                          | JetBlue Airways Corp / JetBlue Loyalty LP                                                                              | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      300000 | PA      | $302238.36    | 0.15%             | 2031-09-20      | Fixed         | 9.88%                 | No            | 2                  | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                          | K Hovnanian Enterprises Inc                                                                                            | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |      510000 | PA      | $518307.64    | 0.26%             | 2033-10-01      | Fixed         | 8.38%                 | No            | 2                  | On Loan: No      |
| KROGER CO                                                        | Kroger Co/The                                                                                                          | CUSIP: 501044DW8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |      380000 | PA      | $361874.42    | 0.18%             | 2054-09-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| KYNDRYL HOLDINGS INC                                             | Kyndryl Holdings Inc                                                                                                   | CUSIP: 50155QAM2<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |      270000 | PA      | $213858.62    | 0.11%             | 2041-10-15      | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| LGI HOMES INC                                                    | LGI Homes Inc                                                                                                          | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |       33000 | PA      | $34421.24     | 0.02%             | 2028-12-15      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| LYB INT FINANCE III                                              | LYB International Finance III LLC                                                                                      | CUSIP: 50249AAM5<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |       55000 | PA      | $54364.29     | 0.03%             | 2034-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| LYB INT FINANCE III                                              | LYB International Finance III LLC                                                                                      | CUSIP: 50249AAR4<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |      305000 | PA      | $303569.27    | 0.15%             | 2036-01-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                         | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp                                                     | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              |  | US        |      412000 | PA      | $436824.24    | 0.22%             | 2031-07-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| LAS VEGAS SANDS CORP                                             | Las Vegas Sands Corp                                                                                                   | CUSIP: 517834AL1<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |      285000 | PA      | $299537.52    | 0.15%             | 2034-08-15      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| LEVEL 3 FINANCING INC                                            | Level 3 Financing Inc                                                                                                  | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |       54000 | PA      | $49167.54     | 0.02%             | 2029-07-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| LEVEL 3 FINANCING INC                                            | Level 3 Financing Inc                                                                                                  | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      290000 | PA      | $298865.87    | 0.15%             | 2034-03-31      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| LEVEL 3 FINANCING INC                                            | Level 3 Financing Inc                                                                                                  | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      410000 | PA      | $419832.88    | 0.21%             | 2036-01-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                         | Lloyds Banking Group PLC                                                                                               | CUSIP: 53944YAJ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $201664.40    | 0.10%             | 2026-06-27      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd.                                  | LoanCore 2025 2025-CRE8 Issuer LLC                                                                                     | CUSIP: 53947FAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1000000 | PA      | $991255.00    | 0.49%             | 2042-08-17      | Floating      | 5.88%                 | No            | 2                  | On Loan: No      |
| Lumen Technologies Inc                                           | Lumen Technologies Inc 2024 Extended Term Loan B2                                                                      | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |       99237 | PA      | $98561.56     | 0.05%             | 2030-04-15      | Floating      | 6.18%                 | No            | 2                  | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                      | MF1 2021-FL7 Ltd                                                                                                       | CUSIP: 55284AAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      270000 | PA      | $263920.58    | 0.13%             | 2036-10-16      | Floating      | 6.65%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                                          | MPLX LP                                                                                                                | CUSIP: 55336VCD0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |      180000 | PA      | $178469.50    | 0.09%             | 2055-09-15      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                                         | Macquarie Airfinance Holdings Ltd                                                                                      | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |      180000 | PA      | $188621.36    | 0.09%             | 2029-03-26      | Fixed         | 6.40%                 | No            | 2                  | On Loan: No      |
| MICHAELS COS INC/THE                                             | Michaels Cos Inc/The                                                                                                   | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |      253000 | PA      | $233543.26    | 0.12%             | 2029-05-01      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| MARS INC                                                         | Mars Inc                                                                                                               | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |      430000 | PA      | $428335.14    | 0.21%             | 2055-05-01      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| MASTEC INC                                                       | MasTec Inc                                                                                                             | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |      335000 | PA      | $332903.11    | 0.17%             | 2028-08-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| MATTEL INC                                                       | Mattel Inc                                                                                                             | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |      240000 | PA      | $240050.44    | 0.12%             | 2027-12-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| MATTEL INC                                                       | Mattel Inc                                                                                                             | CUSIP: 577081BG6<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |      140000 | PA      | $140970.80    | 0.07%             | 2030-11-17      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| METLIFE INC                                                      | MetLife Inc                                                                                                            | CUSIP: 59156RAP3<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |      405000 | PA      | $424920.81    | 0.21%             | 2036-12-15      | Fixed         | 6.40%                 | No            | 2                  | On Loan: No      |
| ATHENAHEALTH GROUP INC                                           | AthenaHealth Group Inc                                                                                                 | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |      649000 | PA      | $647046.83    | 0.32%             | 2030-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                                                   | Morgan Stanley                                                                                                         | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      605000 | PA      | $552179.27    | 0.27%             | 2033-01-21      | Fixed         | 2.94%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                                                   | Morgan Stanley                                                                                                         | CUSIP: 61748UAN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      290000 | PA      | $287432.78    | 0.14%             | 2036-10-22      | Fixed         | 4.89%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Capital I Trust                                   | Morgan Stanley Capital I Trust 2014-150E                                                                               | CUSIP: 61764BAA1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |      405000 | PA      | $365376.06    | 0.18%             | 2032-09-09      | Fixed         | 3.91%                 | No            | 2                  | On Loan: No      |
| NMEF Funding LLC                                                 | NMEF Funding 2025-A LLC                                                                                                | CUSIP: 62919VAC5<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |      560000 | PA      | $566833.68    | 0.28%             | 2032-07-15      | Fixed         | 5.18%                 | No            | 2                  | On Loan: No      |
| NRG ENERGY INC                                                   | NRG Energy Inc                                                                                                         | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      200000 | PA      | $199788.16    | 0.10%             | 2035-10-15      | Fixed         | 5.41%                 | No            | 2                  | On Loan: No      |
| NABORS INDUSTRIES INC                                            | Nabors Industries Inc                                                                                                  | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |      253000 | PA      | $264526.68    | 0.13%             | 2030-01-31      | Fixed         | 9.13%                 | No            | 2                  | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                          | National Australia Bank Ltd                                                                                            | CUSIP: 632525BB6<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |      940000 | PA      | $859236.28    | 0.43%             | 2037-01-12      | Fixed         | 3.35%                 | No            | 2                  | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC                            | New Economy Assets - Phase 1 Sponsor LLC                                                                               | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      200000 | PA      | $122708.50    | 0.06%             | 2061-10-20      | Fixed         | 2.41%                 | No            | 2                  | On Loan: No      |
| New Residential Mortgage Loan Trust                              | New Residential Mortgage Loan Trust 2019-RPL3                                                                          | CUSIP: 64830NAE1<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |      275000 | PA      | $250908.65    | 0.12%             | 2059-07-25      | Variable      | 3.25%                 | No            | 2                  | On Loan: No      |
| NEW YORK LIFE INSURANCE                                          | New York Life Insurance Co                                                                                             | CUSIP: 64952GAE8<br>LEI: TAE73CY392TBWJ3O3305 | Long             | DBT              | CORP              | US        |      265000 | PA      | $281069.04    | 0.14%             | 2033-05-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| NEWELL BRANDS INC                                                | Newell Brands Inc                                                                                                      | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |       65000 | PA      | $63476.50     | 0.03%             | 2030-05-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| NEWS CORP                                                        | News Corp                                                                                                              | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |      370000 | PA      | $358998.63    | 0.18%             | 2029-05-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| NEWS CORP                                                        | News Corp                                                                                                              | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |      325000 | PA      | $320348.30    | 0.16%             | 2032-02-15      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| NIAGARA MOHAWK POWER                                             | Niagara Mohawk Power Corp                                                                                              | CUSIP: 653522DV1<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |      285000 | PA      | $288702.00    | 0.14%             | 2055-07-03      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE                                         | Northwestern Mutual Life Insurance Co/The                                                                              | CUSIP: 668138AF7<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |      270000 | PA      | $286553.18    | 0.14%             | 2055-05-29      | Fixed         | 6.17%                 | No            | 2                  | On Loan: No      |
| OGLETHORPE POWER CORP                                            | Oglethorpe Power Corp                                                                                                  | CUSIP: 677050AL0<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | CORP              | US        |      140000 | PA      | $109926.16    | 0.05%             | 2046-04-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| OMNIS FUNDING TRUST                                              | Omnis Funding Trust                                                                                                    | CUSIP: 68218WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      445000 | PA      | $462734.36    | 0.23%             | 2055-05-15      | Fixed         | 6.72%                 | No            | 2                  | On Loan: No      |
| One New York Plaza Trust 2020-1NYP                               | One New York Plaza Trust 2020-1NYP                                                                                     | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      360000 | PA      | $353113.70    | 0.18%             | 2036-01-15      | Floating      | 4.82%                 | No            | 2                  | On Loan: No      |
| 1261229 BC LTD                                                   | 1261229 BC Ltd                                                                                                         | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      730000 | PA      | $759212.33    | 0.38%             | 2032-04-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corp                                                                                                            | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      515000 | PA      | $416518.76    | 0.21%             | 2054-09-27      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corp                                                                                                            | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      305000 | PA      | $298392.49    | 0.15%             | 2030-09-26      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| ORBIA ADVANCE CORP SAB                                           | Orbia Advance Corp SAB de CV                                                                                           | CUSIP: 68560EAD0<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |      205000 | PA      | $198872.55    | 0.10%             | 2035-05-13      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                         | Outfront Media Capital LLC / Outfront Media Capital Corp                                                               | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |        5000 | PA      | $4880.74      | 0.00%             | 2030-03-15      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| BLUE OWL CAPITAL CORP                                            | Blue Owl Capital Corp                                                                                                  | CUSIP: 69121KAF1<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |     1025000 | PA      | $1001707.56   | 0.50%             | 2027-01-15      | Fixed         | 2.63%                 | No            | 2                  | On Loan: No      |
| PG&E CORP                                                        | PG&E Corp                                                                                                              | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |       60000 | PA      | $59575.04     | 0.03%             | 2030-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| PG&E CORP                                                        | PG&E Corp                                                                                                              | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |      595000 | PA      | $619687.15    | 0.31%             | 2055-03-15      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| PRA GROUP INC                                                    | PRA Group Inc                                                                                                          | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |      170000 | PA      | $159865.52    | 0.08%             | 2029-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Panama Government International Bonds                            | Panama Government International Bonds                                                                                  | CUSIP: 698299BS2<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      320000 | PA      | $238304.50    | 0.12%             | 2063-01-19      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| PARTNERRE FINANCE B LLC                                          | PartnerRe Finance B LLC                                                                                                | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |       45000 | PA      | $42310.35     | 0.02%             | 2050-10-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Petco Health and Wellness Company Inc                            | Petco Health and Wellness Company Inc 2021 Term Loan B                                                                 | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |      276067 | PA      | $272928.35    | 0.14%             | 2028-03-03      | Floating      | 7.18%                 | No            | 2                  | On Loan: No      |
| PETSMART LLC/PETSMART FI                                         | PetSmart LLC / PetSmart Finance Corp                                                                                   | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      510000 | PA      | $519019.04    | 0.26%             | 2032-09-15      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| PETSMART LLC/PETSMART FI                                         | PetSmart LLC / PetSmart Finance Corp                                                                                   | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      580000 | PA      | $597212.66    | 0.30%             | 2033-09-15      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| PIEDMONT OPERATING PARTN                                         | Piedmont Operating Partnership LP                                                                                      | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |      135000 | PA      | $149165.35    | 0.07%             | 2028-07-20      | Fixed         | 9.25%                 | No            | 2                  | On Loan: No      |
| PRAIRIE ACQUIROR LP                                              | Prairie Acquiror LP                                                                                                    | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |      465000 | PA      | $483331.70    | 0.24%             | 2029-08-01      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| PROTECTIVE LIFE CORP                                             | Protective Life Corp                                                                                                   | CUSIP: 743674BF9<br>LEI: 549300ZWIT8J8Y2EXL07 | Long             | DBT              | CORP              | US        |      405000 | PA      | $406275.97    | 0.20%             | 2031-01-15      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| PROVINCIA DE CORDOBA                                             | Provincia de Cordoba                                                                                                   | CUSIP: 74408DAE4<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |      355000 | PA      | $338599.00    | 0.17%             | 2029-02-01      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| PROVINCE OF SANTA FE                                             | Province of Santa Fe                                                                                                   | CUSIP: 74409AAE9<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |      550000 | PA      | $539742.50    | 0.27%             | 2034-12-11      | Fixed         | 8.10%                 | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                         | Prudential Financial Inc                                                                                               | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |       85000 | PA      | $79061.70     | 0.04%             | 2050-10-01      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| Woodward Capital Management                                      | RCKT Mortgage Trust 2024-CES9                                                                                          | CUSIP: 749426AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      196955 | PA      | $198971.03    | 0.10%             | 2044-12-25      | Variable      | 5.58%                 | No            | 2                  | On Loan: No      |
| ROCC Trust                                                       | ROCK Trust 2024-CNTR                                                                                                   | CUSIP: 74970WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      360000 | PA      | $371981.66    | 0.18%             | 2041-11-13      | Fixed         | 5.93%                 | No            | 2                  | On Loan: No      |
| RADIOLOGY PARTNERS INC                                           | Radiology Partners Inc                                                                                                 | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |      215000 | PA      | $224597.06    | 0.11%             | 2032-07-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| RENAISSANCERE HOLDINGS L                                         | RenaissanceRe Holdings Ltd                                                                                             | CUSIP: 75968NAG6<br>LEI: EK6GB9U3U58PDI411C94 | Long             | DBT              | CORP              | BM        |      440000 | PA      | $459554.11    | 0.23%             | 2035-04-01      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| UPBOUND GROUP INC                                                | Upbound Group Inc                                                                                                      | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |      190000 | PA      | $187151.58    | 0.09%             | 2029-02-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| RGA GLOBAL FUNDING                                               | RGA Global Funding                                                                                                     | CUSIP: 76209PAF0<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |      350000 | PA      | $357066.32    | 0.18%             | 2031-12-06      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| RGA GLOBAL FUNDING                                               | RGA Global Funding                                                                                                     | CUSIP: 76209PAK9<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |      280000 | PA      | $279880.27    | 0.14%             | 2030-11-25      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| RIO TINTO FIN USA PLC                                            | RIO TINTO FIN USA PLC                                                                                                  | CUSIP: 76720AAW6<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |      305000 | PA      | $315009.59    | 0.16%             | 2065-03-14      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Rocket Software Inc                                              | Rocket Software Inc 2023 USD Term Loan B                                                                               | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |      133516 | PA      | $133440.79    | 0.07%             | 2028-11-28      | Floating      | 7.47%                 | No            | 2                  | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                         | Rogers Communications Inc                                                                                              | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |      547000 | PA      | $575986.58    | 0.29%             | 2055-04-15      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                          | Royal Caribbean Cruises Ltd                                                                                            | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |      380000 | PA      | $390429.58    | 0.19%             | 2033-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                          | Royal Caribbean Cruises Ltd                                                                                            | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |       95000 | PA      | $97120.10     | 0.05%             | 2031-09-30      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| SESI LLC                                                         | SESI LLC                                                                                                               | CUSIP: 78412FAX2<br>LEI: XDZ56K6RXS5J1ESBZS35 | Long             | DBT              | CORP              | US        |      330000 | PA      | $324865.47    | 0.16%             | 2030-09-30      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| SFAVE Commercial Mortgage Securities Trust                       | SFAVE Commercial Mortgage Securities Trust 2015-5AVE                                                                   | CUSIP: 78413MAL2<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $418092.65    | 0.21%             | 2043-01-05      | Variable      | 4.39%                 | No            | 2                  | On Loan: No      |
| SFAVE Commercial Mortgage Securities Trust                       | SFAVE Commercial Mortgage Securities Trust 2015-5AVE                                                                   | CUSIP: 78413MAQ1<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |      300000 | PA      | $226455.09    | 0.11%             | 2043-01-05      | Variable      | 4.39%                 | No            | 2                  | On Loan: No      |
| SEB Funding LLC                                                  | SEB Funding LLC                                                                                                        | CUSIP: 78433DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      498750 | PA      | $498113.05    | 0.25%             | 2052-01-30      | Fixed         | 4.97%                 | No            | 2                  | On Loan: No      |
| SMBC AVIATION CAPITAL FI                                         | SMBC Aviation Capital Finance DAC                                                                                      | CUSIP: 78448TAP7<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |      220000 | PA      | $219673.79    | 0.11%             | 2035-11-26      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| State Street SPDR Portfolio High Yield Bond ETF                  | State Street SPDR Portfolio High Yield Bond ETF                                                                        | CUSIP: 78468R606<br>LEI: 549300B3SM8J1H4W2052 | Long             | EC               | RF                | US        |       19868 | NS      | $470275.56    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Sabey Data Center Issuer LLC                                     | Sabey Data Center Issuer LLC                                                                                           | CUSIP: 78520EAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $495530.35    | 0.25%             | 2047-06-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| SABRE FINANCIAL BORROWER                                         | Sabre Financial Borrower LLC                                                                                           | CUSIP: 78573XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      590000 | PA      | $597869.21    | 0.30%             | 2029-06-15      | Fixed         | 11.13%                | No            | 2                  | On Loan: No      |
| SANTANDER HOLDINGS USA                                           | Santander Holdings USA Inc                                                                                             | CUSIP: 80282KBH8<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |       80000 | PA      | $89607.62     | 0.04%             | 2031-11-09      | Fixed         | 7.66%                 | No            | 2                  | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                                          | Schlumberger Holdings Corp                                                                                             | CUSIP: 806851AP6<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |      230000 | PA      | $230716.70    | 0.11%             | 2033-05-15      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                                           | Sempra                                                                                                                 | CUSIP: 816851BU2<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |      315000 | PA      | $317814.53    | 0.16%             | 2055-04-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| SHELL FINANCE US INC                                             | Shell Finance US Inc                                                                                                   | CUSIP: 822905AQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      365000 | PA      | $364460.22    | 0.18%             | 2036-01-06      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Sotheby's Artfi Master Trust 2024-A                              | Sotheby's Artfi Master Trust                                                                                           | CUSIP: 83589CAA6<br>LEI: 9845002FA850DM72BA31 | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1003383.40   | 0.50%             | 2031-12-22      | Fixed         | 6.43%                 | No            | 2                  | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                                            | Sotheby's/Bidfair Holdings Inc                                                                                         | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      425000 | PA      | $395417.22    | 0.20%             | 2029-06-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                                         | South Bow Canadian Infrastructure Holdings Ltd                                                                         | CUSIP: 836720AG7<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |       80000 | PA      | $83389.76     | 0.04%             | 2055-03-01      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |
| SOUTHERN CO                                                      | Southern Co/The                                                                                                        | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |      100000 | PA      | $99940.05     | 0.05%             | 2051-01-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| STAR PARENT INC                                                  | Star Parent Inc                                                                                                        | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |      319000 | PA      | $340439.39    | 0.17%             | 2030-10-01      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| SUBWAY FUNDING LLC                                               | Subway Funding LLC                                                                                                     | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1089000 | PA      | $1079721.50   | 0.54%             | 2054-07-30      | Fixed         | 5.91%                 | No            | 2                  | On Loan: No      |
| Switch ABS Issuer, LLC                                           | Switch ABS Issuer LLC                                                                                                  | CUSIP: 871044AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100992.03    | 0.05%             | 2054-03-25      | Fixed         | 6.28%                 | No            | 2                  | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                          | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                                                           | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      357000 | PA      | $359887.02    | 0.18%             | 2030-12-31      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| TELUS CORP                                                       | TELUS Corp                                                                                                             | CUSIP: 87971MCM3<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |      285000 | PA      | $296679.30    | 0.15%             | 2055-10-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| TELUS CORP                                                       | TELUS Corp                                                                                                             | CUSIP: 87971MCR2<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |      190000 | PA      | $189814.25    | 0.09%             | 2056-06-09      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                          | Teva Pharmaceutical Finance Netherlands III BV                                                                         | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |       95000 | PA      | $109386.81    | 0.05%             | 2031-09-15      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| TIME WARNER CABLE LLC                                            | Time Warner Cable LLC                                                                                                  | CUSIP: 88732JBB3<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |      230000 | PA      | $201860.34    | 0.10%             | 2041-09-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Towd Point Mortgage Trust                                        | Towd Point Mortgage Trust 2024-CES1                                                                                    | CUSIP: 89183CAC9<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |      285000 | PA      | $287821.10    | 0.14%             | 2064-01-25      | Variable      | 6.44%                 | No            | 2                  | On Loan: No      |
| TRIVIUM PACKAGING FIN                                            | Trivium Packaging Finance BV                                                                                           | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |      455000 | PA      | $493691.51    | 0.25%             | 2031-01-15      | Fixed         | 12.25%                | No            | 2                  | On Loan: No      |
| UBS GROUP AG                                                     | UBS Group AG                                                                                                           | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      235000 | PA      | $232830.03    | 0.12%             | 2027-02-12      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| UBS GROUP AG                                                     | UBS Group AG                                                                                                           | CUSIP: 902613BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      550000 | PA      | $578305.77    | 0.29%             | 2035-02-08      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| UBS GROUP AG                                                     | UBS Group AG                                                                                                           | CUSIP: 902613BN7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      200000 | PA      | $204504.80    | 0.10%             | 2029-09-10      | Fixed         | 6.85%                 | No            | 2                  | On Loan: No      |
| UNITED AIR 2020-1 A PTT                                          | United Airlines 2020-1 Class A Pass Through Trust                                                                      | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       45908 | PA      | $47071.71     | 0.02%             | 2027-10-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| UNITED AIR 2020-1 B PTT                                          | United Airlines 2020-1 Class B Pass Through Trust                                                                      | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       52699 | PA      | $52699.49     | 0.03%             | 2026-01-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Mexico Government International Bonds                            | Mexico Government International Bonds                                                                                  | CUSIP: 91087BAN0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      350000 | PA      | $215425.00    | 0.11%             | 2061-05-24      | Fixed         | 3.77%                 | No            | 2                  | On Loan: No      |
| Mexico Government International Bonds                            | Mexico Government International Bonds                                                                                  | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      535000 | PA      | $560680.00    | 0.28%             | 2035-02-09      | Fixed         | 6.35%                 | No            | 2                  | On Loan: No      |
| UNITED MEXICAN STATES                                            | Mexico Government International Bond                                                                                   | CUSIP: 91087BBL3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      555000 | PA      | $547230.00    | 0.27%             | 2035-09-22      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| US BANCORP                                                       | US Bancorp                                                                                                             | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |      320000 | PA      | $341405.13    | 0.17%             | 2034-06-12      | Fixed         | 5.84%                 | No            | 2                  | On Loan: No      |
| US BANCORP                                                       | US Bancorp                                                                                                             | CUSIP: 91159HJR2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |      430000 | PA      | $454038.35    | 0.23%             | 2035-01-23      | Fixed         | 5.68%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Bonds                                                                                                    | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      145000 | PA      | $142088.67    | 0.07%             | 2044-11-15      | Fixed         | 4.63%                 | No            | 1                  | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Bonds                                                                                                    | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       60000 | PA      | $59695.31     | 0.03%             | 2045-02-15      | Fixed         | 4.75%                 | No            | 1                  | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Bonds                                                                                                    | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1980000 | PA      | $1945659.38   | 0.97%             | 2055-05-15      | Fixed         | 4.75%                 | No            | 1                  | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Bonds                                                                                                    | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1693000 | PA      | $1664430.63   | 0.83%             | 2055-08-15      | Fixed         | 4.75%                 | No            | 1                  | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Bonds                                                                                                    | CUSIP: 912810UQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4616000 | PA      | $4510697.50   | 2.24%             | 2045-11-15      | Fixed         | 4.63%                 | No            | 1                  | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CMF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      140000 | PA      | $142061.72    | 0.07%             | 2028-01-15      | Fixed         | 4.25%                 | No            | 1                  | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CMS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      685000 | PA      | $690512.11    | 0.34%             | 2028-03-15      | Fixed         | 3.88%                 | No            | 1                  | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CNP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     7060000 | PA      | $7101091.39   | 3.53%             | 2027-07-31      | Fixed         | 3.88%                 | No            | 1                  | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Inflation-Indexed Notes                                                                                  | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3030936 | PA      | $3022820.46   | 1.50%             | 2035-07-15      | Fixed         | 1.88%                 | No            | 1                  | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     7155000 | PA      | $7170931.04   | 3.56%             | 2027-08-31      | Fixed         | 3.63%                 | No            | 1                  | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       21000 | PA      | $20698.13     | 0.01%             | 2035-11-15      | Fixed         | 4.00%                 | No            | 1                  | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                         | United Wholesale Mortgage LLC                                                                                          | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |       60000 | PA      | $59570.00     | 0.03%             | 2029-04-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| UNITEDHEALTH GROUP INC                                           | UnitedHealth Group Inc                                                                                                 | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |       35000 | PA      | $35937.67     | 0.02%             | 2055-06-15      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Uniti Fiber ABS Issuer LLC                                       | Uniti Fiber Abs Issuer LLC                                                                                             | CUSIP: 91326EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      420000 | PA      | $428844.07    | 0.21%             | 2055-04-20      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| VENTAS REALTY LP                                                 | Ventas Realty LP                                                                                                       | CUSIP: 92277GBC0<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |      295000 | PA      | $293083.18    | 0.15%             | 2036-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG Inc                                                                                                 | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      168000 | PA      | $167063.55    | 0.08%             | 2031-06-01      | Fixed         | 8.38%                 | No            | 2                  | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG Inc                                                                                                 | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      726000 | PA      | $573344.49    | 0.28%             | 2029-09-30      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| VERIZON COMMUNICATIONS                                           | Verizon Communications Inc                                                                                             | CUSIP: 92343VHG2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |      535000 | PA      | $530458.27    | 0.26%             | 2036-01-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| VERIZON COMMUNICATIONS                                           | Verizon Communications Inc                                                                                             | CUSIP: 92343VHJ6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |      165000 | PA      | $163020.22    | 0.08%             | 2055-11-30      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Verus Securitization Trust                                       | Verus Securitization Trust 2024-9                                                                                      | CUSIP: 92540RAF1<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |      960000 | PA      | $969978.53    | 0.48%             | 2069-11-25      | Variable      | 6.20%                 | No            | 2                  | On Loan: No      |
| PARAMOUNT GLOBAL                                                 | Paramount Global                                                                                                       | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |      560000 | PA      | $502269.60    | 0.25%             | 2057-02-28      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                         | Virgin Media Secured Finance PLC                                                                                       | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |       90000 | PA      | $83316.17     | 0.04%             | 2030-08-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                          | VistaJet Malta Finance PLC / Vista Management Holding Inc                                                              | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      310000 | PA      | $295011.09    | 0.15%             | 2030-02-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                         | Vistra Operations Co LLC                                                                                               | CUSIP: 92840VAV4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      235000 | PA      | $234904.78    | 0.12%             | 2030-10-15      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Vista Management Holding Inc                                     | Vista Management Holding Inc 2025 Term Loan B                                                                          | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |       44550 | PA      | $44921.10     | 0.02%             | 2031-04-01      | Floating      | 7.74%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                                            | Wells Fargo & Co                                                                                                       | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      610000 | PA      | $675235.85    | 0.34%             | 2034-10-23      | Fixed         | 6.49%                 | No            | 2                  | On Loan: No      |
| FIBERCOP SPA                                                     | Fibercop SpA                                                                                                           | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      390000 | PA      | $430259.63    | 0.21%             | 2029-01-18      | Fixed         | 1.63%                 | No            | 2                  | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                   | ALLSPRING GOVERNMENT MONEY MAR                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     1445704 | NS      | $1445703.94   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Intercontinental Exchange, Inc.                                  | Long: SPX003IX2 CDS USD R F  5.00000 SPX003IX2_FEE CCPCDX / Short: SPX003IX2 CDS USD P V 03MEVENT SPX003IX2_PRO CCPCDX | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      225000 | OU      | $18118.06     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Intercontinental Exchange, Inc.                                  | Long: SPXG06L57 CDS USD R F  5.00000 SPXG06L57_FEE CCPCDX / Short: SPXG06L57 CDS USD P V 03MEVENT SPXG06L57_PRO CCPCDX | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     1720000 | OU      | $130626.31    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Intercontinental Exchange, Inc.                                  | Long: SPED05UQ1 CDS USD R F  5.00000 SPED05UQ1_FEE CCPCDX / Short: SPED05UQ1 CDS USD P V 03MEVENT SPED05UQ1_PRO CCPCDX | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     1915000 | OU      | $151814.82    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                         | Republic of South Africa Government Bond                                                                               | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    34995000 | PA      | $2156663.05   | 1.07%             | 2030-01-31      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                         | Brazil Notas do Tesouro Nacional Serie F                                                                               | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    27870000 | PA      | $4926841.84   | 2.45%             | 2027-01-01      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| ABN AMRO BANK NV                                                 | ABN AMRO Bank NV                                                                                                       | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |      600000 | PA      | $711159.35    | 0.35%             | 2027-09-22      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| QUEENSLAND TREASURY CORP                                         | Queensland Treasury Corp                                                                                               | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |     1565000 | PA      | $996840.70    | 0.50%             | 2030-08-21      | Fixed         | 3.50%                 | Yes           | 2                  | On Loan: No      |
| NEW S WALES TREASURY CRP                                         | New South Wales Treasury Corp                                                                                          | CUSIP: 000000000<br>LEI: TC7LRO17HPNPLTAV0H77 | Long             | DBT              | NUSS              | AU        |     1570000 | PA      | $1003126.80   | 0.50%             | 2029-04-20      | Fixed         | 3.00%                 | Yes           | 2                  | On Loan: No      |
| TELE COLUMBUS AG                                                 | Tele Columbus AG                                                                                                       | CUSIP: 000000000<br>LEI: 3912004GMFDLY04RUQ19 | Long             | DBT              | CORP              | DE        |       21000 | PA      | $16229.11     | 0.01%             | 2029-01-01      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| TITULOS DE TESORERIA                                             | Colombian TES                                                                                                          | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 17000000000 | PA      | $4071696.12   | 2.02%             | 2027-11-03      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| APA INFRASTRUCTURE LTD                                           | APA Infrastructure Ltd                                                                                                 | CUSIP: 000000000<br>LEI: 261700SS8OEHDOCOUJ33 | Long             | DBT              | CORP              | AU        |      635000 | PA      | $709230.30    | 0.35%             | 2030-07-15      | Fixed         | 2.00%                 | Yes           | 2                  | On Loan: No      |
| VODAFONE GROUP PLC                                               | Vodafone Group PLC                                                                                                     | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |      320000 | PA      | $362302.31    | 0.18%             | 2080-08-27      | Fixed         | 3.00%                 | Yes           | 2                  | On Loan: No      |
| SAMPO OYJ                                                        | Sampo Oyj                                                                                                              | CUSIP: 000000000<br>LEI: 743700UF3RL386WIDA22 | Long             | DBT              | CORP              | FI        |      440000 | PA      | $476151.48    | 0.24%             | 2052-09-03      | Fixed         | 2.50%                 | Yes           | 2                  | On Loan: No      |
| TELECOM ITALIA SPA                                               | Telecom Italia SpA/Milano                                                                                              | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | DBT              | CORP              | IT        |      250000 | PA      | $282417.16    | 0.14%             | 2029-01-18      | Fixed         | 1.63%                 | Yes           | 2                  | On Loan: No      |
| WINTERSHALL DEA FIN 2BV                                          | Wintershall Dea Finance 2 BV                                                                                           | CUSIP: 000000000<br>LEI: 529900DV88FUQZSVVL48 | Long             | DBT              | CORP              | NL        |      500000 | PA      | $564096.00    | 0.28%             | 2028-07-20      | Fixed         | 3.00%                 | Yes           | 2                  | On Loan: No      |
| BANQUE OUEST AFRICAINE D                                         | Banque Ouest Africaine de Developpement                                                                                | CUSIP: 000000000<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | XX        |      600000 | PA      | $595505.38    | 0.30%             | 2033-01-22      | Fixed         | 2.75%                 | Yes           | 2                  | On Loan: No      |
| ICELAND BONDCO PLC                                               | Iceland Bondco PLC                                                                                                     | CUSIP: 000000000<br>LEI: 2138002DRBYIA8QXHO36 | Long             | DBT              | CORP              | GB        |      500000 | PA      | $656498.82    | 0.33%             | 2028-05-15      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| NEXI SPA                                                         | Nexi SpA                                                                                                               | CUSIP: 000000000<br>LEI: 5493000P70CQRQG8SN85 | Long             | DBT              | CORP              | IT        |      250000 | PA      | $282455.11    | 0.14%             | 2029-04-30      | Fixed         | 2.13%                 | Yes           | 2                  | On Loan: No      |
| AKER BP ASA                                                      | Aker BP ASA                                                                                                            | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |      450000 | PA      | $494909.54    | 0.25%             | 2029-05-12      | Fixed         | 1.13%                 | Yes           | 2                  | On Loan: No      |
| AEDAS HOMES OPCO SL                                              | Aedas Homes Opco SL                                                                                                    | CUSIP: 000000000<br>LEI: 959800NRD7BJBYEDBG71 | Long             | DBT              | CORP              | ES        |      265000 | PA      | $311151.06    | 0.15%             | 2026-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| RAIFFEISEN BANK INTL                                             | Raiffeisen Bank International AG                                                                                       | CUSIP: 000000000<br>LEI: 9ZHRYM6F437SQJ6OUG95 | Long             | DBT              | CORP              | AT        |      200000 | PA      | $225604.38    | 0.11%             | 2033-06-17      | Fixed         | 1.38%                 | Yes           | 2                  | On Loan: No      |
| VATTENFALL AB                                                    | Vattenfall AB                                                                                                          | CUSIP: 000000000<br>LEI: 549300T5RZ1HA5HZ3109 | Long             | DBT              | CORP              | SE        |      600000 | PA      | $757124.70    | 0.38%             | 2083-06-29      | Fixed         | 2.50%                 | Yes           | 2                  | On Loan: No      |
| CASTELLUM AB                                                     | Castellum AB                                                                                                           | CUSIP: 000000000<br>LEI: 549300GU5OHTR1T5IY68 | Long             | DBT              | CORP              | SE        |      500000 | PA      | $578124.43    | 0.29%             | 2026-12-02      | Fixed         | 3.13%                 | Yes           | 2                  | On Loan: No      |
| COMPUTERSHARE US INC                                             | Computershare US Inc                                                                                                   | CUSIP: 000000000<br>LEI: 549300BXQ1PX3KGZRT72 | Long             | DBT              | CORP              | US        |      415000 | PA      | $419867.90    | 0.21%             | 2031-10-07      | Fixed         | 1.13%                 | Yes           | 2                  | On Loan: No      |
| DUKE ENERGY CORP                                                 | Duke Energy Corp                                                                                                       | CUSIP: 000000000<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |      245000 | PA      | $289840.09    | 0.14%             | 2028-06-15      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| DUKE ENERGY CORP                                                 | Duke Energy Corp                                                                                                       | CUSIP: 000000000<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |      300000 | PA      | $349450.42    | 0.17%             | 2034-06-15      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| CZECH REPUBLIC                                                   | Czech Republic Government Bond                                                                                         | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    40940000 | PA      | $2073153.40   | 1.03%             | 2030-09-30      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| NN GROUP NV                                                      | NN Group NV                                                                                                            | CUSIP: 000000000<br>LEI: 724500OHYNDT9OY6Q215 | Long             | DBT              | CORP              | NL        |      440000 | PA      | $555306.74    | 0.28%             | 2043-03-01      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| DEUTSCHE BANK AG                                                 | Deutsche Bank AG                                                                                                       | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |      400000 | PA      | $496700.63    | 0.25%             | 2030-09-05      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Singapore Government Bonds                                       | Singapore Government Bonds                                                                                             | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |     1290000 | PA      | $1026279.60   | 0.51%             | 2027-09-01      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| Chorus Ltd.                                                      | Chorus Ltd.                                                                                                            | CUSIP: 000000000<br>LEI: R7NJHU48LTCIOB9BVU57 | Long             | DBT              | CORP              | NZ        |      365000 | PA      | $436901.42    | 0.22%             | 2029-09-07      | Fixed         | 3.63%                 | No            | 2                  | On Loan: No      |
| RAIFFEISEN BANK INTL                                             | Raiffeisen Bank International AG                                                                                       | CUSIP: 000000000<br>LEI: 9ZHRYM6F437SQJ6OUG95 | Long             | DBT              | CORP              | AT        |      400000 | PA      | $500228.62    | 0.25%             | 2032-12-20      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| CAIXABANK SA                                                     | CaixaBank SA                                                                                                           | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |      400000 | PA      | $496364.99    | 0.25%             | 2033-02-23      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| EUROFINS SCIENTIFIC SE                                           | Eurofins Scientific SE                                                                                                 | CUSIP: 000000000<br>LEI: 529900JEHFM47DYY3S57 | Long             | DBT              | CORP              | LU        |      490000 | PA      | $611406.61    | 0.30%             | 2028-04-24      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| TELEFONICA EUROPE BV                                             | Telefonica Europe BV                                                                                                   | CUSIP: 000000000<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $250795.61    | 0.12%             | 2030-02-03      | Fixed         | 6.14%                 | Yes           | 2                  | On Loan: No      |
| Global Payments, Inc.                                            | Global Payments, Inc.                                                                                                  | CUSIP: 000000000<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |      735000 | PA      | $898987.93    | 0.45%             | 2031-03-17      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Booking Holdings, Inc.                                           | Booking Holdings, Inc.                                                                                                 | CUSIP: 000000000<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |      635000 | PA      | $773534.73    | 0.38%             | 2033-05-12      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| VODAFONE GROUP PLC                                               | Vodafone Group PLC                                                                                                     | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |      150000 | PA      | $220929.29    | 0.11%             | 2086-08-30      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| UNIVERSAL MUSIC GROUP NV                                         | Universal Music Group NV                                                                                               | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | DBT              | CORP              | NL        |      560000 | PA      | $676571.97    | 0.34%             | 2031-06-13      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                         | British Telecommunications PLC                                                                                         | CUSIP: 000000000<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |      265000 | PA      | $383451.78    | 0.19%             | 2083-12-20      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| KONINKLIJKE KPN NV                                               | Koninklijke KPN NV                                                                                                     | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | DBT              | CORP              | NL        |      600000 | PA      | $727009.13    | 0.36%             | 2031-07-03      | Fixed         | 3.88%                 | Yes           | 2                  | On Loan: No      |
| REALTY INCOME CORP                                               | Realty Income Corp                                                                                                     | CUSIP: 000000000<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |      415000 | PA      | $530330.41    | 0.26%             | 2034-07-06      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| ENERGIA GROUP ROI                                                | Energia Group Roi Financeco DAC                                                                                        | CUSIP: 000000000<br>LEI: 2138006WRV8S2EFW9516 | Long             | DBT              | CORP              | IE        |      235000 | PA      | $286089.43    | 0.14%             | 2028-07-31      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| KBC GROUP NV                                                     | KBC Group NV                                                                                                           | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |      200000 | PA      | $258643.89    | 0.13%             | 2028-09-05      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| WORLDLINE SA/FRANCE                                              | Worldline SA/France                                                                                                    | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |      300000 | PA      | $317568.57    | 0.16%             | 2028-09-12      | Fixed         | 4.13%                 | Yes           | 2                  | On Loan: No      |
| PINNACLE BIDCO PLC                                               | Pinnacle Bidco PLC                                                                                                     | CUSIP: 000000000<br>LEI: 2138006Z5V8OBL2A2Q06 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $283742.29    | 0.14%             | 2028-10-11      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| VAR ENERGI ASA                                                   | Var Energi ASA                                                                                                         | CUSIP: 000000000<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |      100000 | PA      | $129029.63    | 0.06%             | 2083-11-15      | Fixed         | 7.86%                 | Yes           | 2                  | On Loan: No      |
| TELEFONICA EMISIONES SAU                                         | Telefonica Emisiones SA                                                                                                | CUSIP: 000000000<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |      600000 | PA      | $723800.70    | 0.36%             | 2033-11-21      | Fixed         | 4.18%                 | Yes           | 2                  | On Loan: No      |
| TELEPERFORMANCE                                                  | Teleperformance SE                                                                                                     | CUSIP: 000000000<br>LEI: 9695004GI61FHFFNRG61 | Long             | DBT              | CORP              | FR        |      400000 | PA      | $508854.44    | 0.25%             | 2031-11-22      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| TUI AG                                                           | TUI AG                                                                                                                 | CUSIP: 000000000<br>LEI: 529900SL2WSPV293B552 | Long             | DBT              | CORP              | DE        |      650000 | PA      | $790243.80    | 0.39%             | 2029-03-15      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| VMED O2 UK FINANCING I                                           | Vmed O2 UK Financing I PLC                                                                                             | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      485000 | PA      | $573068.48    | 0.28%             | 2032-04-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| AMBER FINCO PLC                                                  | Amber Finco PLC                                                                                                        | CUSIP: 000000000<br>LEI: 9845004C0870D380O790 | Long             | DBT              | CORP              | GB        |      380000 | PA      | $468948.64    | 0.23%             | 2029-07-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| ZEGONA FINANCE PLC                                               | Zegona Finance PLC                                                                                                     | CUSIP: 000000000<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |      436500 | PA      | $539064.61    | 0.27%             | 2029-07-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| BONOS TESORERIA PESOS                                            | Bonos de la Tesoreria de la Republica en pesos                                                                         | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  2000000000 | PA      | $2259446.74   | 1.12%             | 2027-11-01      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| SES SA                                                           | SES SA                                                                                                                 | CUSIP: 000000000<br>LEI: 5493008JPA4HYMH1HX51 | Long             | DBT              | CORP              | LU        |      215000 | PA      | $243824.62    | 0.12%             | 2054-09-12      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| BAWAG GROUP AG                                                   | BAWAG Group AG                                                                                                         | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | DBT              | CORP              | AT        |      600000 | PA      | $752532.26    | 0.37%             | 2029-09-18      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| ESSENDI SA                                                       | Essendi SA                                                                                                             | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |      515000 | PA      | $635640.25    | 0.32%             | 2029-10-15      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| OEG FINANCE PLC                                                  | OEG Finance PLC                                                                                                        | CUSIP: 000000000<br>LEI: 254900KMBHWF9UK63G44 | Long             | DBT              | CORP              | GB        |      500000 | PA      | $614223.77    | 0.31%             | 2029-09-27      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| HLDNG D'INFRA METIERS                                            | Holding d'Infrastructures des Metiers de l'Environnement SAS                                                           | CUSIP: 000000000<br>LEI: 969500I3QVK40XEORU25 | Long             | DBT              | CORP              | FR        |      435000 | PA      | $529962.58    | 0.26%             | 2029-10-24      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| FRESSNAPF HOLDING SE                                             | Fressnapf Holding SE                                                                                                   | CUSIP: 000000000<br>LEI: 529900NLSO3VLFW8JQ35 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $117272.31    | 0.06%             | 2031-10-31      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| ALMAVIVA THE ITALIAN INN                                         | Almaviva-The Italian Innovation Co SpA                                                                                 | CUSIP: 000000000<br>LEI: 815600A862DA4DD9E211 | Long             | DBT              | CORP              | IT        |      265000 | PA      | $314011.49    | 0.16%             | 2030-10-30      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| ASMODEE GROUP AB                                                 | Asmodee Group AB                                                                                                       | CUSIP: 000000000<br>LEI: 636700G5993BBAFDYD02 | Long             | DBT              | CORP              | SE        |      266667 | PA      | $329117.41    | 0.16%             | 2029-12-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| EUROPEAN UNION                                                   | European Union                                                                                                         | CUSIP: 000000000<br>LEI: 529900FZRK8FGMPEOM08 | Long             | DBT              | NUSS              | XX        |     1675000 | PA      | $1983512.80   | 0.99%             | 2028-07-04      | Fixed         | 2.63%                 | Yes           | 2                  | On Loan: No      |
| MOTABILITY OPERATIONS GR                                         | Motability Operations Group PLC                                                                                        | CUSIP: 000000000<br>LEI: AZ3NL8JCZDCNUXFWI720 | Long             | DBT              | CORP              | GB        |      335000 | PA      | $390608.21    | 0.19%             | 2037-01-22      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| MEX BONOS DESARR FIX RT                                          | Mexican Bonos                                                                                                          | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    37275000 | PA      | $2075207.87   | 1.03%             | 2030-02-28      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| French Republic Government Bonds OAT                             | French Republic Government Bonds OAT                                                                                   | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     3355000 | PA      | $3914880.97   | 1.94%             | 2031-02-25      | Fixed         | 2.70%                 | Yes           | 2                  | On Loan: No      |
| TDC NET AS                                                       | TDC Net A/S                                                                                                            | CUSIP: 000000000<br>LEI: 549300SH2G3R15Y3FX20 | Long             | DBT              | CORP              | DK        |      255000 | PA      | $310083.71    | 0.15%             | 2032-08-09      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| DUFRY ONE BV                                                     | Dufry One BV                                                                                                           | CUSIP: 000000000<br>LEI: 7245003K5MN9U7XW0808 | Long             | DBT              | CORP              | NL        |      101000 | PA      | $121493.94    | 0.06%             | 2032-05-23      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| LUNA 2 5SARL                                                     | Luna 2 5SARL                                                                                                           | CUSIP: 000000000<br>LEI: 894500N8J2QVEYP0UI86 | Long             | DBT              | CORP              | LU        |      500000 | PA      | $598342.83    | 0.30%             | 2032-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Eurex Deutschland                                                | EURO-BOBL FUTURE MAR26                                                                                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         -73 | NC      | $33337.84     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Eurex Deutschland                                                | EURO-BUND FUTURE MAR26                                                                                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         -40 | NC      | $38950.83     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                           | US 10YR NOTE (CBT)MAR26                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          -6 | NC      | $-947.70      | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                           | US ULTRA BOND CBT MAR26                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |           6 | NC      | $-10932.67    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                           | US 5YR NOTE (CBT) MAR26                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -200 | NC      | $88159.60     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                           | US 2YR NOTE (CBT) MAR26                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         100 | NC      | $8433.80      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                           | US 10YR ULTRA FUT MAR26                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         -79 | NC      | $33527.99     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| CommScope Inc                                                    | CommScope Inc 2024 Term Loan                                                                                           | CUSIP: 000000000<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | LON              | CORP              | US        |      150000 | PA      | $150070.50    | 0.07%             | 2029-12-17      | Floating      | 8.47%                 | No            | 2                  | On Loan: No      |
| Transurban Finance Co. Pty. Ltd.                                 | Transurban Finance Co. Pty. Ltd.                                                                                       | CUSIP: 000000000<br>LEI: 54930081LPJMUMEA6E57 | Long             | DBT              | CORP              | AU        |      450000 | PA      | $549247.93    | 0.27%             | 2033-04-26      | Fixed         | 4.23%                 | Yes           | 2                  | On Loan: No      |
| Spain Government Bonds                                           | Spain Government Bonds                                                                                                 | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     2720000 | PA      | $2998933.62   | 1.49%             | 2030-10-31      | Fixed         | 1.25%                 | Yes           | 2                  | On Loan: No      |
| LORCA TELECOM BONDCO                                             | Lorca Telecom Bondco SA                                                                                                | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |       74468 | PA      | $87490.52     | 0.04%             | 2027-09-18      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| U.K. Gilts                                                       | U.K. Gilts                                                                                                             | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     1060000 | PA      | $1428987.57   | 0.71%             | 2027-03-07      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| U.K. Gilts                                                       | U.K. Gilts                                                                                                             | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     1935000 | PA      | $2652442.49   | 1.32%             | 2030-03-07      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Australia Government Bonds                                       | Australia Government Bonds                                                                                             | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |     3025000 | PA      | $1971374.35   | 0.98%             | 2027-11-21      | Fixed         | 2.75%                 | Yes           | 2                  | On Loan: No      |

### Signature

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

**Name of Applicant:** ALLSPRING EXCHANGE-TRADED FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer