# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001752724-25-180795
**Filing Date:** 2025-7
**Character Count:** 55506
**Document Hash:** 1707089f95408c7b7a30a66cc9c0fa96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180795.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180795

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001081400

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09253
- **FILM NUMBER:** 251155313

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

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

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

## Series and Classes Contracts Data

### Allspring Short Duration Government Bond Fund (Series ID: S000007419)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020361 | Institutional Class | WSGIX           |
| C000020362 | Class A             | MSDAX           |
| C000020364 | Class C             | MSDCX           |
| C000020365 | Administrator Class | MNSGX           |
| C000120079 | Class R6            | MSDRX           |

## Nport-Ex

Portfolio of investments—May 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: 80.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.50<br> %<br>| &nbsp;&nbsp; 3-1-2055 | $4919595 | &nbsp;&nbsp; $5157996 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.13%)± | 4.29 | &nbsp;&nbsp; 6-1-2052 | 3274745 | &nbsp;&nbsp; 3183879 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.15%)± | 4.84 | &nbsp;&nbsp; 1-1-2055 | 3000000 | &nbsp;&nbsp; 3003614 |
| &nbsp;&nbsp;&nbsp; FHLMC (RFUCCT1Y+1.62%)± | 3.11 | &nbsp;&nbsp; 2-1-2050 | 4648398 | &nbsp;&nbsp; 4629176 |
| &nbsp;&nbsp;&nbsp; FHLMC (RFUCCT1Y+1.63%)± | 3.01 | &nbsp;&nbsp; 11-1-2048 | 9916446 | &nbsp;&nbsp; 9686577 |
| &nbsp;&nbsp;&nbsp; FHLMC (RFUCCT1Y+1.63%)± | 3.15 | &nbsp;&nbsp; 7-1-2050 | 6349320 | &nbsp;&nbsp; 6116862 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4184 Class FN (30 Day Average U.S. SOFR+0.46%)± | 4.80 | &nbsp;&nbsp; 3-15-2043 | 1756685 | &nbsp;&nbsp; 1721137 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4272 Class FD (30 Day Average U.S. SOFR+0.46%)± | 4.80 | &nbsp;&nbsp; 11-15-2043 | 4202869 | &nbsp;&nbsp; 4154135 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4273 Class PF (30 Day Average U.S. SOFR+0.51%)± | 4.85 | &nbsp;&nbsp; 11-15-2043 | 1533104 | &nbsp;&nbsp; 1522471 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4281 Class FA (30 Day Average U.S. SOFR+0.51%)± | 4.85 | &nbsp;&nbsp; 12-15-2043 | 1581007 | &nbsp;&nbsp; 1562767 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4303 Class FA (30 Day Average U.S. SOFR+0.46%)± | 4.80 | &nbsp;&nbsp; 2-15-2044 | 2477601 | &nbsp;&nbsp; 2420168 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5335 Class FB (30 Day Average U.S. SOFR+0.81%)± | 5.15 | &nbsp;&nbsp; 10-15-2039 | 2389539 | &nbsp;&nbsp; 2390215 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5399 Class FB (30 Day Average U.S. SOFR+0.90%)± | 5.22 | &nbsp;&nbsp; 4-25-2054 | 4978604 | &nbsp;&nbsp; 4968440 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 2-1-2031 | 6949776 | &nbsp;&nbsp; 6611108 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 3-1-2035 | 10892673 | &nbsp;&nbsp; 10164974 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 7-1-2043 | 2519541 | &nbsp;&nbsp; 2360299 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 3-1-2031 | 653917 | &nbsp;&nbsp; 650296 |
| &nbsp;&nbsp;&nbsp; FNMA (1 Year Treasury Constant Maturity+2.05%)± | 4.26 | &nbsp;&nbsp; 3-1-2049 | 1878331 | &nbsp;&nbsp; 1915617 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.16%)± | 4.36 | &nbsp;&nbsp; 1-1-2055 | 4758684 | &nbsp;&nbsp; 4732912 |
| &nbsp;&nbsp;&nbsp; FNMA (RFUCCT1Y+1.61%)± | 3.43 | &nbsp;&nbsp; 7-1-2049 | 15273072 | &nbsp;&nbsp; 14857592 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2008-7 Class FA (30 Day Average U.S. SOFR+0.56%)± | 4.89 | &nbsp;&nbsp; 2-25-2038 | 296418 | &nbsp;&nbsp; 295561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2010-111 Class KF (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.84 | &nbsp;&nbsp; 10-25-2040 | 3300981 | &nbsp;&nbsp; 3277946 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2011-47 Class GF (30 Day Average U.S. SOFR+0.68%)± | 5.01 | &nbsp;&nbsp; 6-25-2041 | 5586380 | &nbsp;&nbsp; 5571218 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2011-55 Class FH (30 Day Average U.S. SOFR+0.55%)± | 4.88 | &nbsp;&nbsp; 6-25-2041 | 1833394 | &nbsp;&nbsp; 1812274 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2011-58 Class F (30 Day Average U.S. SOFR+0.58%)± | 4.91 | &nbsp;&nbsp; 7-25-2041 | 4248132 | &nbsp;&nbsp; 4216614 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2012-9 Class CF (30 Day Average U.S. SOFR+0.56%)± | 4.89 | &nbsp;&nbsp; 2-25-2042 | 5955190 | &nbsp;&nbsp; 5919062 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2012-98 Class BA | 1.50 | &nbsp;&nbsp; 1-25-2042 | 1713841 | &nbsp;&nbsp; 1642188 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2016-10 Class FA (30 Day Average U.S. SOFR+0.46%)± | 4.79 | &nbsp;&nbsp; 3-25-2046 | 1081142 | &nbsp;&nbsp; 1068844 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2016-61 Class BF (30 Day Average U.S. SOFR+0.51%)± | 4.84 | &nbsp;&nbsp; 9-25-2046 | 1586922 | &nbsp;&nbsp; 1575106 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2016-64 Class BC | 1.75 | &nbsp;&nbsp; 9-25-2046 | 5670236 | &nbsp;&nbsp; 5261470 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2016-69 Class DF (30 Day Average U.S. SOFR+0.51%)± | 4.84 | &nbsp;&nbsp; 10-25-2046 | 856905 | &nbsp;&nbsp; 851478 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2016-81 Class FA (30 Day Average U.S. SOFR+0.46%)± | 4.79 | &nbsp;&nbsp; 11-25-2046 | 1207933 | &nbsp;&nbsp; 1196657 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2016-90 Class FA (30 Day Average U.S. SOFR+0.51%)± | 4.84 | &nbsp;&nbsp; 12-25-2046 | 2805701 | &nbsp;&nbsp; 2778219 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2017-11 Class FA (30 Day Average U.S. SOFR+0.51%)± | 4.84 | &nbsp;&nbsp; 3-25-2047 | 1748180 | &nbsp;&nbsp; 1729363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2017-113 Class FB (30 Day Average <br> U.S. SOFR+0.36%)±<br>| 4.69 | &nbsp;&nbsp; 1-25-2048 | 1680546 | &nbsp;&nbsp; 1655890 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2017-35 Class MC | 2.63 | &nbsp;&nbsp; 12-25-2044 | 4500899 | &nbsp;&nbsp; 4341455 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2017-82 Class FE (30 Day Average U.S. SOFR+0.36%)± | 4.69 | &nbsp;&nbsp; 10-25-2047 | 5484076 | &nbsp;&nbsp; 5459958 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2017-9 Class EF (30 Day Average U.S. SOFR+0.51%)± | 4.84 | &nbsp;&nbsp; 3-25-2047 | 1908166 | &nbsp;&nbsp; 1889392 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2018-1 Class FA (30 Day Average U.S. SOFR+0.36%)± | 4.69 | &nbsp;&nbsp; 2-25-2048 | 1964597 | &nbsp;&nbsp; 1931294 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2018-1 Class FB (30 Day Average U.S. SOFR+0.36%)± | 4.69 | &nbsp;&nbsp; 2-25-2048 | 6100901 | &nbsp;&nbsp; 6006479 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2018-38 Class FA (30 Day Average U.S. SOFR+0.41%)± | 4.74 | &nbsp;&nbsp; 6-25-2048 | 1418480 | &nbsp;&nbsp; 1372548 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2023-38 Class FC (30 Day Average U.S. SOFR+0.66%)± | 4.99 | &nbsp;&nbsp; 6-25-2040 | 1701167 | &nbsp;&nbsp; 1688578 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2023-38 Class FD (30 Day Average U.S. SOFR+0.86%)± | 5.22 | &nbsp;&nbsp; 10-25-2039 | 3379072 | &nbsp;&nbsp; 3347270 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2014-100 Class LP | 2.50 | &nbsp;&nbsp; 10-16-2043 | 1918715 | &nbsp;&nbsp; 1839652 |

---

See accompanying notes to portfolio of investments

Allspring Short Duration Government Bond Fund \| 1

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; GNMA Series 2014-76 Class BP | 2.25<br> %<br>| &nbsp;&nbsp; 1-20-2040 | $3527725 | &nbsp;&nbsp; $3338807 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2016-167 Class AC | 2.25 | &nbsp;&nbsp; 3-20-2039 | 1758485 | &nbsp;&nbsp; 1621071 |
| **Total agency securities (Cost $164,640,880)** |  |  |  | &nbsp;&nbsp; **163498629** |
| **Asset-backed securities: 5.76%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Express Credit Account Master Trust Series 2025-1 Class A | 4.56 | &nbsp;&nbsp; 12-15-2029 | 1000000 | &nbsp;&nbsp; 1007618 |
| &nbsp;&nbsp;&nbsp; CarMax Auto Owner Trust Series 2025-2 Class A3 | 4.48 | &nbsp;&nbsp; 3-15-2030 | 1000000 | &nbsp;&nbsp; 1003103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Credit Floorplan Master Owner Trust A Series 2024-3 <br> Class A1144A<br>| 4.30 | &nbsp;&nbsp; 9-15-2029 | 1328000 | &nbsp;&nbsp; 1325050 |
| &nbsp;&nbsp;&nbsp; GMF Floorplan Owner Revolving Trust Series 2024-4A Class A1144A | 4.73 | &nbsp;&nbsp; 11-15-2029 | 1006000 | &nbsp;&nbsp; 1012417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2020-GA <br> Class A144A<br>| 1.17 | &nbsp;&nbsp; 9-16-2069 | 704559 | &nbsp;&nbsp; 650090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nelnet Student Loan Trust Series 2004-4 Class A5 (90 Day Average <br> U.S. SOFR+0.42%)±<br>| 4.78 | &nbsp;&nbsp; 1-25-2037 | 541754 | &nbsp;&nbsp; 539113 |
| &nbsp;&nbsp;&nbsp; Santander Drive Auto Receivables Trust Series 2025-2 Class A3 | 4.67 | &nbsp;&nbsp; 8-15-2029 | 1000000 | &nbsp;&nbsp; 1003246 |
| &nbsp;&nbsp;&nbsp; SBNA Auto Receivables Trust Series 2024-A Class A3144A | 5.32 | &nbsp;&nbsp; 12-15-2028 | 972273 | &nbsp;&nbsp; 975045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFS Auto Receivables Securitization Trust Series 2024-1A <br> Class A4144A<br>| 4.94 | &nbsp;&nbsp; 1-21-2031 | 1055000 | &nbsp;&nbsp; 1065354 |
| &nbsp;&nbsp;&nbsp; T-Mobile U.S. Trust Series 2024-1A Class A144A | 5.05 | &nbsp;&nbsp; 9-20-2029 | 1048000 | &nbsp;&nbsp; 1054874 |
| &nbsp;&nbsp;&nbsp; T-Mobile U.S. Trust Series 2025-1A Class A144A | 4.74 | &nbsp;&nbsp; 11-20-2029 | 1036000 | &nbsp;&nbsp; 1045925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; World Financial Network Credit Card Master Trust Series 2024-A <br> Class A<br>| 5.47 | &nbsp;&nbsp; 2-15-2031 | 1026000 | &nbsp;&nbsp; 1046384 |
| **Total asset-backed securities (Cost $11,718,652)** |  |  |  | &nbsp;&nbsp; **11728219** |
| **Non-agency mortgage-backed securities: 1.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust Series 2020-5 Class A1144A±± | 1.37 | &nbsp;&nbsp; 5-25-2065 | 290688 | &nbsp;&nbsp; 278140 |
| &nbsp;&nbsp;&nbsp; Bunker Hill Loan Depositary Trust Series 2019-2 Class A1144A±± | 2.88 | &nbsp;&nbsp; 7-25-2049 | 225272 | &nbsp;&nbsp; 219033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust Series 2021-VOLT Class A (U.S. SOFR <br> 1 Month+0.81%)144A±<br>| 5.14 | &nbsp;&nbsp; 9-15-2036 | 1489000 | &nbsp;&nbsp; 1481555 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2019-INV3 Class A1144A±± | 3.69 | &nbsp;&nbsp; 11-25-2059 | 125667 | &nbsp;&nbsp; 124260 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-3 Class A1144A±± | 1.05 | &nbsp;&nbsp; 6-25-2066 | 773653 | &nbsp;&nbsp; 658330 |
| **Total non-agency mortgage-backed securities (Cost $2,904,282)** |  |  |  | &nbsp;&nbsp; **2761318** |
| **U.S. Treasury securities: 10.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.75 | &nbsp;&nbsp; 4-30-2027 | 5471000 | &nbsp;&nbsp; 5454117 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.75 | &nbsp;&nbsp; 5-15-2028 | 15544000 | &nbsp;&nbsp; 15497854 |
| **Total U.S. Treasury securities (Cost $20,947,202)** |  |  |  | &nbsp;&nbsp; **20951971** |

---

See accompanying notes to portfolio of investments

2 \| Allspring Short Duration Government Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares | Value |
| **Short-term investments: 2.73%** |  |  |  |  |
| **Investment companies: 2.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞ |  | 4.23<br> %<br>| 5541859 | &nbsp;&nbsp; **$5541859** |
| **Total short-term investments (Cost $5,541,859)** |  |  |  | &nbsp;&nbsp; **5541859** |
| **Total investments in securities (Cost $205,752,875)** | 100.54<br> %<br>|  |  | &nbsp;&nbsp; 204481996 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | (0.54)<br>|  |  | &nbsp;&nbsp; (1094732)<br>|
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$203387264** |

---

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

---

| | |
|:---|:---|
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| 144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of <br> 1933.<br>|
| ±± | The 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>|
| ♠ | 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: |
| FHLMC | Federal Home Loan Mortgage Corporation |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| RFUCCT1Y | Refinitiv USD IBOR Consumer Cash Fallbacks Term 1-year |
| SOFR | Secured Overnight Financing Rate |

---

**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>| $8081778 | $127821794 | $(130361713)<br>| $0 | $0 | $5541859 | 5541859 | $189529 |

---

**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; 2-Year U.S. Treasury Notes | &nbsp;&nbsp; 329 | &nbsp;&nbsp; 9-30-2025 | &nbsp;&nbsp; $68142081 | &nbsp;&nbsp; $68246938 | &nbsp;&nbsp; $104857 | &nbsp;&nbsp; $0 |
| **Short** |  |  |  |  |  |  |
| &nbsp;&nbsp; Ultra 10-Year U.S. Treasury Notes | &nbsp;&nbsp; (47)<br>| &nbsp;&nbsp; 9-19-2025 | &nbsp;&nbsp; (5262451)<br>| &nbsp;&nbsp; (5289703)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (27252)<br>|
| &nbsp;&nbsp; 5-Year U.S. Treasury Notes | &nbsp;&nbsp; (109)<br>| &nbsp;&nbsp; 9-30-2025 | &nbsp;&nbsp; (11751389)<br>| &nbsp;&nbsp; (11792438)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (41049)<br>|
|  |  |  |  |  | &nbsp;&nbsp; **$104857** | &nbsp;&nbsp; **$(68301)**<br>|

---

See accompanying notes to portfolio of investments

Allspring Short Duration Government Bond Fund \| 3

------

Notes to portfolio of investments—May 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.

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.

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

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

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.

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)

4 \| Allspring Short Duration Government Bond Fund

------

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

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 May 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; $163498629 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $163498629 |
| **Asset-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11728219 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11728219 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 2761318 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 2761318 |
| **U.S. Treasury securities** | &nbsp;&nbsp; 20951971 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 20951971 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 5541859 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5541859 |
|  | &nbsp;&nbsp; 26493830 | &nbsp;&nbsp;&nbsp;&nbsp; 177988166 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 204481996 |
| **Futures contracts** | &nbsp;&nbsp; 104857 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 104857 |
| **Total assets** | &nbsp;&nbsp; **$26598687** | &nbsp;&nbsp;&nbsp; **$177988166** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$204586853** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Futures contracts** | &nbsp;&nbsp; $68301 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $68301 |
| **Total liabilities** | &nbsp;&nbsp; **$68301** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$68301** |

---

Futures contracts are reported at their cumulative unrealized gains (losses) at measurement date as reported in the table 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 May 31, 2025, $1,174,000 was segregated as cash collateral for these open futures contracts.

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

Allspring Short Duration Government Bond Fund \| 5

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ALLSPRING FUNDS TRUST

- **b. Investment Company Act file number:** 811-09253

- **c. CIK number of Registrant:** 0001081400

- **d. LEI of Registrant:** 549300XROIY0CTN7RZ24

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1415 Vantage Park Drive

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28203

  - **Telephone number:** 833-568-4255

**Item A.2. Information about the Series.**

- **a. Name of Series:** Allspring Short Duration Government Bond Fund

- **b. EDGAR series identifier (if any):** S000007419

- **c. LEI of Series:** 549300N3XTIO3OY1ZB89

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $200749500.55

**Total Liabilities:** $755024.94

**Net Assets:** $199994475.61

**Cash Not Reported:** $1152625.19

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -71.53000000 | **1-Year:** -1499.34000000 | **5-Year:** -997.12000000 | **10-Year:** -496.34000000 | **30-Year:** -184.38000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020362 | 0.47%                | 0.69%                | -0.22%               |
| Class ID C000120079 | 0.50%                | 0.72%                | -0.18%               |
| Class ID C000020364 | 0.40%                | 0.62%                | -0.28%               |
| Class ID C000020361 | 0.50%                | 0.71%                | -0.19%               |
| Class ID C000020365 | 0.49%                | 0.59%                | -0.09%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $137984.66               | $58566.68                                  |
| Month 2  | $57690.94                | $338717.68                                 |
| Month 3  | $117021.69               | $-865394.72                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bunker Hill Loan Depositary Trust                | Bunker Hill Loan Depositary Trust 2019-2         | CUSIP: 12061RAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225272 | PA      | $219032.78    | 0.11%             | 2049-07-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136A3C82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5955190 | PA      | $5919061.76   | 2.96%             | 2042-02-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136AWNE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4500899 | PA      | $4341455.27   | 2.17%             | 2044-12-25      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2021-3                | CUSIP: 92539LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    773654 | PA      | $658330.08    | 0.33%             | 2066-06-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                       | Navient Private Education Refi Loan Trust 2020-G | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    704560 | PA      | $650089.73    | 0.33%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                 | CUSIP: 3142GUDF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4919595 | PA      | $5157995.82   | 2.58%             | 2055-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                               | CUSIP: 3137B0BG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1756685 | PA      | $1721136.61   | 0.86%             | 2043-03-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                                | T-Mobile US Trust 2025-1                         | CUSIP: 872974AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1036000 | PA      | $1045925.09   | 0.52%             | 2029-11-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                               | CUSIP: 3137B6BC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4202869 | PA      | $4154135.54   | 2.08%             | 2043-11-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136ATUD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5670236 | PA      | $5261469.90   | 2.63%             | 2046-09-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association         | CUSIP: 38379B7K8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3527725 | PA      | $3338806.61   | 1.67%             | 2040-01-20      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                  | CUSIP: 3140JBV52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15273072 | PA      | $14857592.39  | 7.43%             | 2049-07-01      | Floating      | 3.43%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Commercial Mortgage Trust 2021-VOLT           | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1489000 | PA      | $1481555.00   | 0.74%             | 2036-09-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                   | ALLSPRING GOVERNMENT MONEY MAR                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   5541859 | NS      | $5541859.23   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| World Financial Network Credit Card Master Trust | World Financial Network Credit Card Master Trust | CUSIP: 981464HR4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1026000 | PA      | $1046383.95   | 0.52%             | 2031-02-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association         | CUSIP: 38379DLN2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1918715 | PA      | $1839651.72   | 0.92%             | 2043-10-16      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136ATB78<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    856905 | PA      | $851477.78    | 0.43%             | 2046-10-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136AYPC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5484076 | PA      | $5459957.58   | 2.73%             | 2047-10-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136B1S39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1418480 | PA      | $1372547.88   | 0.69%             | 2048-06-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust 2020-5                  | CUSIP: 03464WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290688 | PA      | $278140.02    | 0.14%             | 2065-05-25      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136ATQJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1586922 | PA      | $1575105.69   | 0.79%             | 2046-09-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136B0XF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6100901 | PA      | $6006478.77   | 3.00%             | 2048-02-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust        | SFS Auto Receivables Securitization Trust 2024-1 | CUSIP: 78435VAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1055000 | PA      | $1065354.19   | 0.53%             | 2031-01-21      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                          | Carmax Auto Owner Trust 2025-2                   | CUSIP: 14320AAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003102.60   | 0.50%             | 2030-03-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust           | Santander Drive Auto Receivables Trust 2025-2    | CUSIP: 80287NAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003245.90   | 0.50%             | 2029-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                  | CUSIP: 3140HFN47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10892673 | PA      | $10164974.32  | 5.08%             | 2035-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                               | CUSIP: 3137HAL87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2389539 | PA      | $2390215.22   | 1.20%             | 2039-10-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust         | Ford Credit Floorplan Master Owner Trust A       | CUSIP: 34528QJK1<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   1328000 | PA      | $1325050.11   | 0.66%             | 2029-09-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 31397UDV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5586380 | PA      | $5571217.71   | 2.79%             | 2041-06-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                  | CUSIP: 31418DW24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6949776 | PA      | $6611108.19   | 3.31%             | 2031-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 2YR NOTE (CBT) SEP25                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       329 | NC      | $104856.91    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                               | CUSIP: 3137HCHB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4978604 | PA      | $4968439.98   | 2.48%             | 2054-04-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2019-INV3             | CUSIP: 92537MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125667 | PA      | $124260.45    | 0.06%             | 2059-11-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136AVXA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1908166 | PA      | $1889391.93   | 0.94%             | 2047-03-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136AY7F4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1680546 | PA      | $1655889.74   | 0.83%             | 2048-01-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                               | CUSIP: 3137B66E6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1533104 | PA      | $1522471.50   | 0.76%             | 2043-11-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust     | American Express Credit Account Master Trust     | CUSIP: 02582JKM1<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1007618.30   | 0.50%             | 2029-12-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                  | CUSIP: 3140FXQ21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2519541 | PA      | $2360298.80   | 1.18%             | 2043-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                                | T-Mobile US Trust 2024-1                         | CUSIP: 87267RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1048000 | PA      | $1054873.62   | 0.53%             | 2029-09-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| General Motors                                   | GMF Floorplan Owner Revolving Trust              | CUSIP: 361886DQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1006000 | PA      | $1012416.67   | 0.51%             | 2029-11-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Non Gold Pool                        | CUSIP: 3142BNH72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3274745 | PA      | $3183879.32   | 1.59%             | 2052-06-01      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association         | CUSIP: 38380CEH2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1758485 | PA      | $1621070.79   | 0.81%             | 2039-03-20      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                              | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5471000 | PA      | $5454116.82   | 2.73%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  1 | On Loan: No      |
| SBNA Auto Receivables Trust                      | SBNA Auto Receivables Trust 2024-A               | CUSIP: 78437PAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    972273 | PA      | $975045.13    | 0.49%             | 2028-12-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136AUMF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2805701 | PA      | $2778218.76   | 1.39%             | 2046-12-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136AT5M2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1207933 | PA      | $1196656.86   | 0.60%             | 2046-11-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 5YR NOTE (CBT) SEP25                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -109 | NC      | $-41049.40    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136AQ6E5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1081142 | PA      | $1068843.93   | 0.53%             | 2046-03-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                               | CUSIP: 3137B83K1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2477601 | PA      | $2420168.13   | 1.21%             | 2044-02-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136BQHM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3379072 | PA      | $3347270.52   | 1.67%             | 2039-10-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                  | CUSIP: 3140K52J5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1878331 | PA      | $1915616.90   | 0.96%             | 2049-03-01      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Non Gold Pool                        | CUSIP: 31288QFR6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9916446 | PA      | $9686576.91   | 4.84%             | 2048-11-01      | Floating      | 3.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136BQHF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1701167 | PA      | $1688578.46   | 0.84%             | 2040-06-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                              | CUSIP: 91282CND9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9744000 | PA      | $9715072.50   | 4.86%             | 2028-05-15      | Fixed         | 3.75%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Non Gold Pool                        | CUSIP: 31288QFW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4648398 | PA      | $4629176.43   | 2.31%             | 2050-02-01      | Floating      | 3.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 31398NWM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3300982 | PA      | $3277945.60   | 1.64%             | 2040-10-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                               | CUSIP: 3137B6N56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1581007 | PA      | $1562767.38   | 0.78%             | 2043-12-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 31397UGD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1833394 | PA      | $1812274.45   | 0.91%             | 2041-06-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 31397UZF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4248132 | PA      | $4216613.89   | 2.11%             | 2041-07-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Non Gold Pool                        | CUSIP: 31288QZ94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6349321 | PA      | $6116862.11   | 3.06%             | 2050-07-01      | Floating      | 3.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Non Gold Pool                        | CUSIP: 31288RE46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $3003614.07   | 1.50%             | 2055-01-01      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136A8CB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1713841 | PA      | $1642188.37   | 0.82%             | 2042-01-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                  | CUSIP: 3140JCP99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4758684 | PA      | $4732911.78   | 2.37%             | 2055-01-01      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                  | CUSIP: 3140JAD70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    653917 | PA      | $650295.58    | 0.33%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR ULTRA FUT SEP25                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -47 | NC      | $-27251.78    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 31396YHB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    296418 | PA      | $295561.43    | 0.15%             | 2038-02-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136B0WX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1964597 | PA      | $1931294.22   | 0.97%             | 2048-02-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                        | Nelnet Student Loan Trust 2004-4                 | CUSIP: 64031QBK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    541754 | PA      | $539113.46    | 0.27%             | 2037-01-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                | CUSIP: 3136AVRD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1748180 | PA      | $1729362.61   | 0.86%             | 2047-03-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer