# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001752724-25-180806
**Filing Date:** 2025-7
**Character Count:** 603148
**Document Hash:** 3895f7a6baeb1e3f93d9578490adcc9a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180806.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180806

**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:** 251155310

**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 Core Plus Bond Fund (Series ID: S000007418)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020358 | Class A             | STYAX           |
| C000020360 | Class C             | WFIPX           |
| C000064985 | Institutional Class | WIPIX           |
| C000092792 | Administrator Class | WIPDX           |
| C000176628 | Class R6            | STYJX           |

## 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: 33.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00<br> %<br>| &nbsp;&nbsp; 10-1-2051 | $40324705 | &nbsp;&nbsp; $31506448 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 3-1-2052 | 24347855 | &nbsp;&nbsp; 18972690 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 6-1-2052 | 7914748 | &nbsp;&nbsp; 6163267 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 1-1-2052 | 36537610 | &nbsp;&nbsp; 28527438 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 8-1-2037 | 4646609 | &nbsp;&nbsp; 4289722 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 9-1-2050 | 9449246 | &nbsp;&nbsp; 7714307 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 4-1-2051 | 22736491 | &nbsp;&nbsp; 18527605 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 6-1-2051 | 104689171 | &nbsp;&nbsp; 85441830 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 11-1-2051 | 8893798 | &nbsp;&nbsp; 7339624 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 4-1-2052 | 28328175 | &nbsp;&nbsp; 23092164 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 12-1-2050 | 25498951 | &nbsp;&nbsp; 20781069 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 9-1-2034 | 239115 | &nbsp;&nbsp; 228012 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 6-1-2050 | 483853 | &nbsp;&nbsp; 421188 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 7-1-2050 | 1378131 | &nbsp;&nbsp; 1199689 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 8-1-2050 | 1884958 | &nbsp;&nbsp; 1626449 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 11-1-2050 | 24930990 | &nbsp;&nbsp; 21317678 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 3-1-2052 | 228193 | &nbsp;&nbsp; 195930 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 5-1-2052 | 18726997 | &nbsp;&nbsp; 15957246 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 6-1-2053 | 16067081 | &nbsp;&nbsp; 13726088 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 6-1-2052 | 473404 | &nbsp;&nbsp; 402946 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.50 | &nbsp;&nbsp; 7-1-2038 | 12439410 | &nbsp;&nbsp; 11881003 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.50 | &nbsp;&nbsp; 12-1-2045 | 828665 | &nbsp;&nbsp; 754419 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.50 | &nbsp;&nbsp; 5-1-2052 | 93418 | &nbsp;&nbsp; 83383 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.50 | &nbsp;&nbsp; 12-1-2052 | 7553122 | &nbsp;&nbsp; 6701265 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.50 | &nbsp;&nbsp; 2-1-2053 | 15913072 | &nbsp;&nbsp; 14120701 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.50 | &nbsp;&nbsp; 4-1-2053 | 7662079 | &nbsp;&nbsp; 6796775 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.00 | &nbsp;&nbsp; 6-1-2037 | 2293353 | &nbsp;&nbsp; 2220220 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.00 | &nbsp;&nbsp; 4-1-2038 | 13793946 | &nbsp;&nbsp; 13361586 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.00 | &nbsp;&nbsp; 6-1-2044 | 510520 | &nbsp;&nbsp; 479787 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.00 | &nbsp;&nbsp; 5-1-2049 | 901847 | &nbsp;&nbsp; 839877 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.00 | &nbsp;&nbsp; 11-1-2053 | 19291598 | &nbsp;&nbsp; 17686315 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.00 | &nbsp;&nbsp; 6-1-2052 | 5225879 | &nbsp;&nbsp; 4799372 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.00 | &nbsp;&nbsp; 8-1-2052 | 7254589 | &nbsp;&nbsp; 6661368 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.00 | &nbsp;&nbsp; 5-1-2054 | 13416117 | &nbsp;&nbsp; 12298212 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.50 | &nbsp;&nbsp; 10-1-2054 | 15800495 | &nbsp;&nbsp; 14916857 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.50 | &nbsp;&nbsp; 5-1-2053 | 12518821 | &nbsp;&nbsp; 11833541 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.50 | &nbsp;&nbsp; 6-1-2053 | 14631542 | &nbsp;&nbsp; 13814573 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.00 | &nbsp;&nbsp; 6-1-2036 | 64198 | &nbsp;&nbsp; 64439 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.00 | &nbsp;&nbsp; 8-1-2040 | 64298 | &nbsp;&nbsp; 64409 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.00 | &nbsp;&nbsp; 7-1-2052 | 18933132 | &nbsp;&nbsp; 18511030 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.00 | &nbsp;&nbsp; 11-1-2052 | 16387460 | &nbsp;&nbsp; 15902558 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.00 | &nbsp;&nbsp; 5-1-2053 | 12509783 | &nbsp;&nbsp; 12151235 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.00 | &nbsp;&nbsp; 12-1-2054 | 18332318 | &nbsp;&nbsp; 17754289 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.00 | &nbsp;&nbsp; 12-1-2053 | 11417965 | &nbsp;&nbsp; 11079129 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 8-1-2038 | 17148 | &nbsp;&nbsp; 17426 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 12-1-2038 | 133189 | &nbsp;&nbsp; 135400 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 6-1-2040 | 239307 | &nbsp;&nbsp; 242008 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 11-1-2052 | 98298 | &nbsp;&nbsp; 97608 |

---

See accompanying notes to portfolio of investments

Allspring Core Plus 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; FHLMC | 5.50<br> %<br>| &nbsp;&nbsp; 3-1-2053 | $68722470 | &nbsp;&nbsp; $68200116 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 2-1-2055 | 18967184 | &nbsp;&nbsp; 18782959 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 9-1-2053 | 20598946 | &nbsp;&nbsp; 20482018 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 1-1-2054 | 60302538 | &nbsp;&nbsp; 59732511 |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.00 | &nbsp;&nbsp; 9-1-2054 | 14298458 | &nbsp;&nbsp; 14444142 |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.00 | &nbsp;&nbsp; 5-1-2054 | 34029119 | &nbsp;&nbsp; 34388119 |
| &nbsp;&nbsp;&nbsp; FHLMC | 8.00 | &nbsp;&nbsp; 2-1-2030 | 31 | &nbsp;&nbsp; 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Structured Pass-Through Certificates Series T-42 <br> Class A5<br>| 7.50 | &nbsp;&nbsp; 2-25-2042 | 745940 | &nbsp;&nbsp; 787630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Structured Pass-Through Certificates Series T-57 <br> Class 2A1±±<br>| 4.91 | &nbsp;&nbsp; 7-25-2043 | 22858 | &nbsp;&nbsp; 22045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Structured Pass-Through Certificates Series T-59 <br> Class 2A1±±<br>| 4.03 | &nbsp;&nbsp; 10-25-2043 | 100065 | &nbsp;&nbsp; 82205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Whole Loan Securities Trust Series 2015-SC01 <br> Class 1A<br>| 3.50 | &nbsp;&nbsp; 5-25-2045 | 100268 | &nbsp;&nbsp; 89968 |
| &nbsp;&nbsp;&nbsp; FHLMC (RFUCCT1Y+1.33%)± | 6.28 | &nbsp;&nbsp; 1-1-2036 | 2198 | &nbsp;&nbsp; 2219 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 4-1-2051 | 22051294 | &nbsp;&nbsp; 17150075 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 5-1-2051 | 70520373 | &nbsp;&nbsp; 54990222 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 8-1-2051 | 10611896 | &nbsp;&nbsp; 8293263 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 10-1-2051 | 120474784 | &nbsp;&nbsp; 93762516 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 12-1-2051 | 9558261 | &nbsp;&nbsp; 7450687 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 1-1-2052 | 23060547 | &nbsp;&nbsp; 17951434 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 2-1-2052 | 32217564 | &nbsp;&nbsp; 25152441 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 5-1-2037 | 18581278 | &nbsp;&nbsp; 17154129 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 12-1-2050 | 17646948 | &nbsp;&nbsp; 14446303 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 7-1-2051 | 14896781 | &nbsp;&nbsp; 12146312 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 10-1-2051 | 53085688 | &nbsp;&nbsp; 43259181 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 12-1-2051 | 33596755 | &nbsp;&nbsp; 27393216 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 1-1-2052 | 9726789 | &nbsp;&nbsp; 7937980 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 2-1-2052 | 16001944 | &nbsp;&nbsp; 13059644 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 5-1-2051 | 30048751 | &nbsp;&nbsp; 24537409 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 11-1-2045 | 451559 | &nbsp;&nbsp; 395068 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 12-1-2045 | 1156400 | &nbsp;&nbsp; 1011975 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 12-1-2046 | 618690 | &nbsp;&nbsp; 537709 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 8-1-2050 | 1629203 | &nbsp;&nbsp; 1396870 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 10-1-2051 | 20331210 | &nbsp;&nbsp; 17457212 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 11-1-2051 | 33483333 | &nbsp;&nbsp; 28651124 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 1-1-2052 | 7354485 | &nbsp;&nbsp; 6259915 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 2-1-2052 | 7011526 | &nbsp;&nbsp; 6009785 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 8-1-2052 | 21580241 | &nbsp;&nbsp; 18386380 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 6-1-2052 | 19417171 | &nbsp;&nbsp; 16527756 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.48 | &nbsp;&nbsp; 3-1-2029 | 898697 | &nbsp;&nbsp; 873940 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 12-1-2037 | 13585966 | &nbsp;&nbsp; 12975853 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 10-1-2043 | 449386 | &nbsp;&nbsp; 411252 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 4-1-2045 | 66001 | &nbsp;&nbsp; 60140 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 8-1-2045 | 1003252 | &nbsp;&nbsp; 912488 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 3-1-2048 | 2117735 | &nbsp;&nbsp; 1910486 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 5-1-2052 | 9665602 | &nbsp;&nbsp; 8585617 |

---

See accompanying notes to portfolio of investments

2 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50<br> %<br>| &nbsp;&nbsp; 6-1-2052 | $67518354 | &nbsp;&nbsp; $60043980 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 9-1-2052 | 20082412 | &nbsp;&nbsp; 17816901 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 12-1-2052 | 14150493 | &nbsp;&nbsp; 12551157 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 4-1-2053 | 3702485 | &nbsp;&nbsp; 3284085 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 8-1-2052 | 14347583 | &nbsp;&nbsp; 12727630 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.62 | &nbsp;&nbsp; 3-1-2029 | 422681 | &nbsp;&nbsp; 412628 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 8-1-2037 | 4842775 | &nbsp;&nbsp; 4694049 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 9-1-2037 | 4248102 | &nbsp;&nbsp; 4117648 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 1-1-2038 | 4328333 | &nbsp;&nbsp; 4192835 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 11-1-2039 | 7418892 | &nbsp;&nbsp; 7181514 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 2-1-2046 | 113203 | &nbsp;&nbsp; 105738 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 4-1-2046 | 687379 | &nbsp;&nbsp; 642192 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 6-1-2048 | 719847 | &nbsp;&nbsp; 671512 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 2-1-2050 | 958017 | &nbsp;&nbsp; 888023 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 10-1-2052 | 47041437 | &nbsp;&nbsp; 43190016 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 6-1-2053 | 24495869 | &nbsp;&nbsp; 22530805 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 9-1-2053 | 12165871 | &nbsp;&nbsp; 11153546 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 11-1-2048 | 656448 | &nbsp;&nbsp; 629370 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 6-1-2052 | 38543642 | &nbsp;&nbsp; 36426903 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 9-1-2052 | 41870721 | &nbsp;&nbsp; 39694607 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 11-1-2052 | 16723689 | &nbsp;&nbsp; 15807307 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 4-1-2053 | 31239518 | &nbsp;&nbsp; 29529400 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 11-1-2054 | 8989954 | &nbsp;&nbsp; 8483318 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 7-1-2052 | 247379 | &nbsp;&nbsp; 233802 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.00 | &nbsp;&nbsp; 2-1-2036 | 7232 | &nbsp;&nbsp; 7247 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.00 | &nbsp;&nbsp; 6-1-2040 | 19899 | &nbsp;&nbsp; 19907 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.00 | &nbsp;&nbsp; 8-1-2040 | 487518 | &nbsp;&nbsp; 484631 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.00 | &nbsp;&nbsp; 3-1-2053 | 6120720 | &nbsp;&nbsp; 5945765 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.00 | &nbsp;&nbsp; 11-1-2054 | 30429932 | &nbsp;&nbsp; 29468121 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.00 | &nbsp;&nbsp; 12-1-2054 | 21750455 | &nbsp;&nbsp; 21062972 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 8-1-2034 | 27267 | &nbsp;&nbsp; 27738 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 2-1-2035 | 8027 | &nbsp;&nbsp; 8178 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 8-1-2038 | 181016 | &nbsp;&nbsp; 183720 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 2-1-2053 | 37964893 | &nbsp;&nbsp; 37692014 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 6-1-2053 | 11616577 | &nbsp;&nbsp; 11571864 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 1-1-2054 | 15015434 | &nbsp;&nbsp; 14875418 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 12-1-2054 | 21144651 | &nbsp;&nbsp; 20939316 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 1-1-2055 | 191405465 | &nbsp;&nbsp; 189546728 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 10-1-2037 | 162291 | &nbsp;&nbsp; 169081 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 11-1-2037 | 9316 | &nbsp;&nbsp; 9675 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 6-1-2054 | 15024653 | &nbsp;&nbsp; 15177735 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 5-1-2055 | 183609197 | &nbsp;&nbsp; 185479947 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.50 | &nbsp;&nbsp; 7-1-2036 | 7143 | &nbsp;&nbsp; 7472 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.50 | &nbsp;&nbsp; 11-1-2036 | 1049 | &nbsp;&nbsp; 1092 |
| &nbsp;&nbsp;&nbsp; FNMA%% | 6.50 | &nbsp;&nbsp; 6-15-2054 | 110960000 | &nbsp;&nbsp; 113929938 |
| &nbsp;&nbsp;&nbsp; FNMA | 7.00 | &nbsp;&nbsp; 7-1-2036 | 4408 | &nbsp;&nbsp; 4601 |
| &nbsp;&nbsp;&nbsp; FNMA | 7.00 | &nbsp;&nbsp; 11-1-2037 | 2521 | &nbsp;&nbsp; 2570 |
| &nbsp;&nbsp;&nbsp; FNMA (1 Year Treasury Constant Maturity+2.24%)± | 6.75 | &nbsp;&nbsp; 11-1-2038 | 8029 | &nbsp;&nbsp; 8324 |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 3

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FNMA (1 Year Treasury Constant Maturity+2.29%)± | 6.92<br> %<br>| &nbsp;&nbsp; 8-1-2036 | $154197 | &nbsp;&nbsp; $159466 |
| &nbsp;&nbsp;&nbsp; FNMA (RFUCCT1Y+1.61%)± | 6.61 | &nbsp;&nbsp; 3-1-2046 | 125762 | &nbsp;&nbsp; 129523 |
| &nbsp;&nbsp;&nbsp; FNMA (RFUCCT1Y+1.61%)± | 6.61 | &nbsp;&nbsp; 5-1-2046 | 136537 | &nbsp;&nbsp; 140802 |
| &nbsp;&nbsp;&nbsp; FNMA (RFUCCT1Y+1.73%)± | 7.36 | &nbsp;&nbsp; 9-1-2036 | 3665 | &nbsp;&nbsp; 3749 |
| &nbsp;&nbsp;&nbsp; FNMA (RFUCCT1Y+1.81%)± | 7.59 | &nbsp;&nbsp; 8-1-2036 | 12769 | &nbsp;&nbsp; 13144 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2002-T12 Class A3 | 7.50 | &nbsp;&nbsp; 5-25-2042 | 3116 | &nbsp;&nbsp; 3253 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2003-W14 Class 2A±± | 4.92 | &nbsp;&nbsp; 1-25-2043 | 87382 | &nbsp;&nbsp; 85571 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2003-W8 Class 4A±± | 4.89 | &nbsp;&nbsp; 11-25-2042 | 48583 | &nbsp;&nbsp; 47344 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2004-W11 Class 1A3 | 7.00 | &nbsp;&nbsp; 5-25-2044 | 517898 | &nbsp;&nbsp; 520927 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2004-W15 Class 1A3 | 7.00 | &nbsp;&nbsp; 8-25-2044 | 157086 | &nbsp;&nbsp; 163642 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2005-W4 Class 3A±± | 5.17 | &nbsp;&nbsp; 6-25-2045 | 20804 | &nbsp;&nbsp; 21159 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.00 | &nbsp;&nbsp; 1-20-2052 | 13353866 | &nbsp;&nbsp; 10730186 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.00 | &nbsp;&nbsp; 3-20-2052 | 30747836 | &nbsp;&nbsp; 24706702 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.50 | &nbsp;&nbsp; 12-20-2051 | 11377266 | &nbsp;&nbsp; 9536046 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.50 | &nbsp;&nbsp; 3-20-2052 | 13472818 | &nbsp;&nbsp; 11292467 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.50 | &nbsp;&nbsp; 4-20-2052 | 18328064 | &nbsp;&nbsp; 15361973 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.50 | &nbsp;&nbsp; 8-20-2051 | 38971222 | &nbsp;&nbsp; 32664381 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.50 | &nbsp;&nbsp; 9-20-2051 | 16953088 | &nbsp;&nbsp; 14209514 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.50 | &nbsp;&nbsp; 1-20-2052 | 18657501 | &nbsp;&nbsp; 15638096 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.50 | &nbsp;&nbsp; 5-20-2052 | 29563056 | &nbsp;&nbsp; 24778769 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.00 | &nbsp;&nbsp; 11-20-2045 | 931795 | &nbsp;&nbsp; 824652 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.00 | &nbsp;&nbsp; 4-20-2051 | 4210024 | &nbsp;&nbsp; 3675006 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.00 | &nbsp;&nbsp; 4-20-2052 | 9996291 | &nbsp;&nbsp; 8714307 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.00 | &nbsp;&nbsp; 5-20-2052 | 58592337 | &nbsp;&nbsp; 51078104 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.00 | &nbsp;&nbsp; 6-20-2052 | 5329588 | &nbsp;&nbsp; 4646089 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.50 | &nbsp;&nbsp; 9-20-2047 | 518946 | &nbsp;&nbsp; 466407 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.50 | &nbsp;&nbsp; 12-20-2047 | 1123722 | &nbsp;&nbsp; 1013303 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.50 | &nbsp;&nbsp; 8-20-2052 | 11906311 | &nbsp;&nbsp; 10620680 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.50 | &nbsp;&nbsp; 12-20-2054 | 9524346 | &nbsp;&nbsp; 8477603 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.50 | &nbsp;&nbsp; 4-20-2052 | 13187482 | &nbsp;&nbsp; 11763543 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.50 | &nbsp;&nbsp; 5-20-2052 | 4910752 | &nbsp;&nbsp; 4379492 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.50 | &nbsp;&nbsp; 9-20-2052 | 18218123 | &nbsp;&nbsp; 16239638 |
| &nbsp;&nbsp;&nbsp; GNMA | 4.00 | &nbsp;&nbsp; 12-20-2047 | 603835 | &nbsp;&nbsp; 559290 |
| &nbsp;&nbsp;&nbsp; GNMA | 4.00 | &nbsp;&nbsp; 11-20-2052 | 12223217 | &nbsp;&nbsp; 11231394 |
| &nbsp;&nbsp;&nbsp; GNMA | 4.50 | &nbsp;&nbsp; 8-20-2049 | 200826 | &nbsp;&nbsp; 191061 |
| &nbsp;&nbsp;&nbsp; GNMA | 4.50 | &nbsp;&nbsp; 7-20-2052 | 9961867 | &nbsp;&nbsp; 9452749 |
| &nbsp;&nbsp;&nbsp; GNMA | 4.50 | &nbsp;&nbsp; 9-20-2052 | 6525867 | &nbsp;&nbsp; 6196340 |
| &nbsp;&nbsp;&nbsp; GNMA | 4.50 | &nbsp;&nbsp; 3-20-2053 | 16370017 | &nbsp;&nbsp; 15518072 |
| &nbsp;&nbsp;&nbsp; GNMA | 4.50 | &nbsp;&nbsp; 11-20-2054 | 9106064 | &nbsp;&nbsp; 8595444 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.00 | &nbsp;&nbsp; 7-20-2040 | 161227 | &nbsp;&nbsp; 161269 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.00 | &nbsp;&nbsp; 9-20-2052 | 7764656 | &nbsp;&nbsp; 7568233 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.00 | &nbsp;&nbsp; 6-20-2053 | 14388991 | &nbsp;&nbsp; 14011514 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.00 | &nbsp;&nbsp; 10-20-2054 | 15824653 | &nbsp;&nbsp; 15363176 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.00 | &nbsp;&nbsp; 4-20-2053 | 4670064 | &nbsp;&nbsp; 4550910 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.00 | &nbsp;&nbsp; 8-20-2053 | 7696869 | &nbsp;&nbsp; 7479576 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.00 | &nbsp;&nbsp; 4-20-2054 | 12466188 | &nbsp;&nbsp; 12104589 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.00 | &nbsp;&nbsp; 11-20-2054 | 169659129 | &nbsp;&nbsp; 164711573 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.50 | &nbsp;&nbsp; 12-20-2052 | 12609403 | &nbsp;&nbsp; 12570962 |

---

See accompanying notes to portfolio of investments

4 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; GNMA | 5.50<br> %<br>| &nbsp;&nbsp; 4-20-2053 | $14488971 | &nbsp;&nbsp; $14432939 |
| &nbsp;&nbsp;&nbsp; GNMA%% | 5.50 | &nbsp;&nbsp; 6-15-2054 | 83430000 | &nbsp;&nbsp; 82827087 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.50 | &nbsp;&nbsp; 8-20-2054 | 18726143 | &nbsp;&nbsp; 18608674 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.50 | &nbsp;&nbsp; 9-20-2054 | 72710985 | &nbsp;&nbsp; 72236259 |
| &nbsp;&nbsp;&nbsp; GNMA | 6.00 | &nbsp;&nbsp; 8-20-2054 | 64764540 | &nbsp;&nbsp; 65486674 |
| &nbsp;&nbsp;&nbsp; GNMA | 6.00 | &nbsp;&nbsp; 9-20-2054 | 70114114 | &nbsp;&nbsp; 70852088 |
| &nbsp;&nbsp;&nbsp; GNMA%% | 6.50 | &nbsp;&nbsp; 6-15-2054 | 27830000 | &nbsp;&nbsp; 28415684 |
| &nbsp;&nbsp;&nbsp; GNMA | 6.50 | &nbsp;&nbsp; 8-20-2054 | 55659034 | &nbsp;&nbsp; 56872905 |
| &nbsp;&nbsp;&nbsp; GNMA | 7.50 | &nbsp;&nbsp; 12-15-2029 | 97 | &nbsp;&nbsp; 97 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2008-22 Class XMƒ±± | 1.30 | &nbsp;&nbsp; 2-16-2050 | 258853 | &nbsp;&nbsp; 2769 |
| &nbsp;&nbsp;&nbsp; TVA | 5.25 | &nbsp;&nbsp; 2-1-2055 | 18625000 | &nbsp;&nbsp; 17655043 |
| **Total agency securities (Cost $3,299,163,717)** |  |  |  | &nbsp;&nbsp; **3230157450** |
| **Asset-backed securities: 9.97%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ACHM Mortgage Trust Series 2024-HE1 Class A144A | 6.55 | &nbsp;&nbsp; 5-25-2039 | 3906004 | &nbsp;&nbsp; 3981668 |
| &nbsp;&nbsp;&nbsp; ACHM Trust Series 2023-HE2 Class A144A±± | 7.50 | &nbsp;&nbsp; 10-25-2038 | 13880932 | &nbsp;&nbsp; 14182681 |
| &nbsp;&nbsp;&nbsp; ACHM Trust Series 2024-HE2 Class A144A | 5.35 | &nbsp;&nbsp; 10-25-2039 | 5720650 | &nbsp;&nbsp; 5686053 |
| &nbsp;&nbsp;&nbsp; ACHM Trust Series 2025-HE1 Class A144A±± | 5.92 | &nbsp;&nbsp; 3-25-2055 | 15416097 | &nbsp;&nbsp; 15501470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACREC LLC Series 2025-FL3 Class A (U.S. SOFR 1 <br> Month+1.31%)144A±<br>| 5.64 | &nbsp;&nbsp; 8-18-2042 | 9300000 | &nbsp;&nbsp; 9246819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affirm Asset Securitization Trust Series 2024-B <br> Class A144A<br>| 4.62 | &nbsp;&nbsp; 9-15-2029 | 2500000 | &nbsp;&nbsp; 2495372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aligned Data Centers Issuer LLC Series 2021-1A <br> Class A2144A<br>| 1.94 | &nbsp;&nbsp; 8-15-2046 | 2881000 | &nbsp;&nbsp; 2768593 |
| &nbsp;&nbsp;&nbsp; ALLO Issuer LLC Series 2024-1A Class A2144A | 5.94 | &nbsp;&nbsp; 7-20-2054 | 7595000 | &nbsp;&nbsp; 7680839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apidos CLO XXXI Ltd. Series 2019-31A Class DR <br> (U.S. SOFR 3 Month+3.36%)144A±<br>| 7.62 | &nbsp;&nbsp; 4-15-2031 | 3000000 | &nbsp;&nbsp; 3014774 |
| &nbsp;&nbsp;&nbsp; Aqua Finance Trust Series 2021-A Class A144A | 1.54 | &nbsp;&nbsp; 7-17-2046 | 2181914 | &nbsp;&nbsp; 1999267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avant Loans Funding Trust Series 2024-REV1 <br> Class B144A<br>| 6.17 | &nbsp;&nbsp; 10-15-2033 | 1240000 | &nbsp;&nbsp; 1253216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC <br> Series 2020-1A Class B144A<br>| 2.68 | &nbsp;&nbsp; 8-20-2026 | 7247500 | &nbsp;&nbsp; 7223225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC <br> Series 2024-3A Class A144A<br>| 5.23 | &nbsp;&nbsp; 12-20-2030 | 1000000 | &nbsp;&nbsp; 1015657 |
| &nbsp;&nbsp;&nbsp; Bastion Funding I LLC Series 2023-1A Class A2144A | 7.12 | &nbsp;&nbsp; 4-25-2038 | 8842836 | &nbsp;&nbsp; 8862113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BDS Ltd. Series 2021-FL9 Class B (U.S. SOFR 1 <br> Month+1.81%)144A±<br>| 6.14 | &nbsp;&nbsp; 11-16-2038 | 5475000 | &nbsp;&nbsp; 5464484 |
| &nbsp;&nbsp;&nbsp; BHG Securitization Trust Series 2021-A Class B144A | 2.79 | &nbsp;&nbsp; 11-17-2033 | 6515000 | &nbsp;&nbsp; 6255487 |
| &nbsp;&nbsp;&nbsp; BHG Securitization Trust Series 2025-1CON Class B144A | 5.26 | &nbsp;&nbsp; 4-17-2036 | 5845000 | &nbsp;&nbsp; 5851995 |
| &nbsp;&nbsp;&nbsp; Blue Bridge Funding LLC Series 2023-1A Class A144A | 7.37 | &nbsp;&nbsp; 11-15-2030 | 1460007 | &nbsp;&nbsp; 1473019 |
| &nbsp;&nbsp;&nbsp; Blue Bridge Funding LLC Series 2023-1A Class B144A | 9.48 | &nbsp;&nbsp; 11-15-2030 | 1168000 | &nbsp;&nbsp; 1186205 |
| &nbsp;&nbsp;&nbsp; Blue Stream Issuer LLC Series 2023-1A Class A2144A | 5.40 | &nbsp;&nbsp; 5-20-2053 | 3500000 | &nbsp;&nbsp; 3505598 |
| &nbsp;&nbsp;&nbsp; Blue Stream Issuer LLC Series 2024-1A Class B144A | 6.04 | &nbsp;&nbsp; 11-20-2054 | 2350000 | &nbsp;&nbsp; 2363240 |
| &nbsp;&nbsp;&nbsp; Bojangles Issuer LLC Series 2024-1A Class A2144A | 6.58 | &nbsp;&nbsp; 11-20-2054 | 19200000 | &nbsp;&nbsp; 19350213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brex Commercial Charge Card Master Trust <br> Series 2024-1 Class A1144A<br>| 6.05 | &nbsp;&nbsp; 7-15-2027 | 5040000 | &nbsp;&nbsp; 5080497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BRSP Ltd. Series 2021-FL1 Class A (U.S. SOFR 1 <br> Month+1.26%)144A±<br>| 5.59 | &nbsp;&nbsp; 8-19-2038 | 2193037 | &nbsp;&nbsp; 2183271 |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 5

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cajun Global LLC Series 2021-1 Class A2144A | 3.93<br> %<br>| &nbsp;&nbsp; 11-20-2051 | $6227481 | &nbsp;&nbsp; $6039557 |
| &nbsp;&nbsp;&nbsp; CCAS LLC Series 2024-1A Class A144A | 7.12 | &nbsp;&nbsp; 6-16-2031 | 18589000 | &nbsp;&nbsp; 18790984 |
| &nbsp;&nbsp;&nbsp; Centersquare Issuer LLC Series 2024-1A Class A2144A | 5.20 | &nbsp;&nbsp; 10-26-2054 | 2500000 | &nbsp;&nbsp; 2433845 |
| &nbsp;&nbsp;&nbsp; Centersquare Issuer LLC Series 2025-1A Class A2144A | 5.50 | &nbsp;&nbsp; 3-26-2055 | 18370000 | &nbsp;&nbsp; 17632878 |
| &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 | 2500000 | &nbsp;&nbsp; 2543450 |
| &nbsp;&nbsp;&nbsp; Cloud Capital Holdco LP Series 2024-1A Class A2144A | 5.78 | &nbsp;&nbsp; 11-22-2049 | 6600000 | &nbsp;&nbsp; 6619995 |
| &nbsp;&nbsp;&nbsp; Cogent IPv4 LLC Series 2024-1A Class A2144A | 7.92 | &nbsp;&nbsp; 5-25-2054 | 8990000 | &nbsp;&nbsp; 9386986 |
| &nbsp;&nbsp;&nbsp; Cogent IPv4 LLC Series 2025-1A Class A2144A | 6.65 | &nbsp;&nbsp; 4-25-2055 | 21950000 | &nbsp;&nbsp; 22280161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cologix Data Centers U.S. Issuer LLC Series 2021-1A <br> Class B144A<br>| 3.79 | &nbsp;&nbsp; 12-26-2051 | 1400000 | &nbsp;&nbsp; 1334780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CoreVest American Finance Trust Series 2021-3 <br> Class B144A<br>| 2.49 | &nbsp;&nbsp; 10-15-2054 | 355000 | &nbsp;&nbsp; 343912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crockett Partners Equipment Co. IIA LLC Series 2024-1C <br> Class A144A<br>| 6.05 | &nbsp;&nbsp; 1-20-2031 | 12718788 | &nbsp;&nbsp; 12861069 |
| &nbsp;&nbsp;&nbsp; DataBank Issuer LLC Series 2024-1A Class A2144A | 5.30 | &nbsp;&nbsp; 1-26-2054 | 15850000 | &nbsp;&nbsp; 15598926 |
| &nbsp;&nbsp;&nbsp; DI Issuer LLC Series 2024-1A Class A2144A | 5.81 | &nbsp;&nbsp; 9-15-2054 | 15500000 | &nbsp;&nbsp; 15353606 |
| &nbsp;&nbsp;&nbsp; Diversified ABS X LLC Series 2025-1A Class A1144A | 5.95 | &nbsp;&nbsp; 2-28-2045 | 5536338 | &nbsp;&nbsp; 5545694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domino's Pizza Master Issuer LLC Series 2015-1A <br> Class A2II144A<br>| 4.47 | &nbsp;&nbsp; 10-25-2045 | 12057500 | &nbsp;&nbsp; 12019155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Driven Brands Funding LLC Series 2021-1A <br> Class A2144A<br>| 2.79 | &nbsp;&nbsp; 10-20-2051 | 3756953 | &nbsp;&nbsp; 3480384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ECMC Group Student Loan Trust Series 2020-3A <br> Class A1B (30 Day Average U.S. SOFR+1.11%)144A±<br>| 5.44 | &nbsp;&nbsp; 1-27-2070 | 2061259 | &nbsp;&nbsp; 2070321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edgeconnex Data Centers Issuer LLC Series 2024-1 <br> Class A2144A<br>| 6.00 | &nbsp;&nbsp; 7-27-2054 | 12231466 | &nbsp;&nbsp; 12172235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edsouth Indenture No. 9 LLC Series 2015-1 Class A (30 <br> Day Average U.S. SOFR+0.91%)144A±<br>| 5.24 | &nbsp;&nbsp; 10-25-2056 | 280181 | &nbsp;&nbsp; 277887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enterprise Fleet Financing LLC Series 2023-2 <br> Class A3144A<br>| 5.50 | &nbsp;&nbsp; 4-22-2030 | 7185000 | &nbsp;&nbsp; 7291635 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust Series 2023-HE1 Class A144A | 5.85 | &nbsp;&nbsp; 3-25-2053 | 9581845 | &nbsp;&nbsp; 9646957 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust Series 2023-HE2 Class A144A±± | 6.51 | &nbsp;&nbsp; 5-25-2053 | 6776854 | &nbsp;&nbsp; 6903280 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust Series 2023-HE3 Class A144A±± | 6.44 | &nbsp;&nbsp; 11-25-2053 | 3282358 | &nbsp;&nbsp; 3360787 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust Series 2024-HE2 Class A144A±± | 6.38 | &nbsp;&nbsp; 5-25-2054 | 6314325 | &nbsp;&nbsp; 6439051 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust Series 2024-HE5 Class A144A±± | 5.44 | &nbsp;&nbsp; 10-25-2054 | 4993459 | &nbsp;&nbsp; 5010164 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust Series 2025-HE1 Class A144A±± | 5.83 | &nbsp;&nbsp; 1-25-2055 | 3226216 | &nbsp;&nbsp; 3255822 |
| &nbsp;&nbsp;&nbsp; FirstKey Homes Trust Series 2021-SFR1 Class A144A | 1.54 | &nbsp;&nbsp; 8-17-2038 | 1294069 | &nbsp;&nbsp; 1244001 |
| &nbsp;&nbsp;&nbsp; FirstKey Homes Trust Series 2021-SFR1 Class C144A | 1.89 | &nbsp;&nbsp; 8-17-2038 | 6770000 | &nbsp;&nbsp; 6489119 |
| &nbsp;&nbsp;&nbsp; FirstKey Homes Trust Series 2021-SFR2 Class B144A | 1.61 | &nbsp;&nbsp; 9-17-2038 | 8675000 | &nbsp;&nbsp; 8290068 |
| &nbsp;&nbsp;&nbsp; Five Guys Holdings, Inc. Series 2023-1A Class A2144A | 7.55 | &nbsp;&nbsp; 1-26-2054 | 8323175 | &nbsp;&nbsp; 8570180 |
| &nbsp;&nbsp;&nbsp; Flagship Credit Auto Trust Series 2022-2 Class B144A | 4.76 | &nbsp;&nbsp; 5-17-2027 | 5483243 | &nbsp;&nbsp; 5477400 |
| &nbsp;&nbsp;&nbsp; Flexential Issuer Series 2021-1A Class A2144A | 3.25 | &nbsp;&nbsp; 11-27-2051 | 9615000 | &nbsp;&nbsp; 9197084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Credit Floorplan Master Owner Trust A <br> Series 2023-1 Class B144A<br>| 5.31 | &nbsp;&nbsp; 5-15-2028 | 4000000 | &nbsp;&nbsp; 4012672 |
| &nbsp;&nbsp;&nbsp; FREED Mortgage Trust Series 2022-HE1 Class A144A±± | 7.00 | &nbsp;&nbsp; 10-25-2037 | 5972973 | &nbsp;&nbsp; 6060493 |
| &nbsp;&nbsp;&nbsp; FREED Mortgage Trust Series 2022-HE1 Class B144A±± | 7.00 | &nbsp;&nbsp; 10-25-2037 | 6890597 | &nbsp;&nbsp; 7136258 |
| &nbsp;&nbsp;&nbsp; Frontier Issuer LLC Series 2024-1 Class A2144A | 6.19 | &nbsp;&nbsp; 6-20-2054 | 12595000 | &nbsp;&nbsp; 12920247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FS Rialto Issuer LLC Series 2021-FL3 Class B (U.S. SOFR 1 <br> Month+1.91%)144A±<br>| 6.24 | &nbsp;&nbsp; 11-16-2036 | 3000000 | &nbsp;&nbsp; 2982593 |

---

See accompanying notes to portfolio of investments

6 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FS Rialto Issuer LLC Series 2025-FL10 Class C (U.S. SOFR <br> 1 Month+2.15%)144A±<br>| 6.47<br> %<br>| &nbsp;&nbsp; 8-19-2042 | $1895000 | &nbsp;&nbsp; $1859450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golub Capital Partners ABS Funding Series 2024-1A <br> Class A2144A<br>| 6.89 | &nbsp;&nbsp; 1-25-2034 | 7525000 | &nbsp;&nbsp; 7582245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gracie Point International Funding LLC Series 2023-1A <br> Class B (90 Day Average U.S. SOFR+2.60%)144A±<br>| 7.02 | &nbsp;&nbsp; 9-1-2026 | 7076000 | &nbsp;&nbsp; 7075929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hertz Vehicle Financing III LLC Series 2022-1A <br> Class B144A<br>| 2.19 | &nbsp;&nbsp; 6-25-2026 | 408333 | &nbsp;&nbsp; 407469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hertz Vehicle Financing III LLC Series 2023-2A <br> Class A144A<br>| 5.57 | &nbsp;&nbsp; 9-25-2029 | 3695000 | &nbsp;&nbsp; 3754314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hertz Vehicle Financing III LLC Series 2023-4A <br> Class A144A<br>| 6.15 | &nbsp;&nbsp; 3-25-2030 | 10700000 | &nbsp;&nbsp; 11075358 |
| &nbsp;&nbsp;&nbsp; Hipgnosis Music Assets LP Series 2022-1 Class A144A | 5.00 | &nbsp;&nbsp; 5-16-2062 | 15171882 | &nbsp;&nbsp; 14906597 |
| &nbsp;&nbsp;&nbsp; Hotwire Funding LLC Series 2023-1A Class A2144A | 5.69 | &nbsp;&nbsp; 5-20-2053 | 16750000 | &nbsp;&nbsp; 16831033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ICG U.S. CLO Ltd. Series 2014-1A Class BR2 (U.S. SOFR 3 <br> Month+2.71%)144A±<br>| 6.98 | &nbsp;&nbsp; 10-20-2034 | 4400000 | &nbsp;&nbsp; 4402310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jack in the Box Funding LLC Series 2022-1A <br> Class A2II144A<br>| 4.14 | &nbsp;&nbsp; 2-26-2052 | 4862000 | &nbsp;&nbsp; 4327534 |
| &nbsp;&nbsp;&nbsp; Jersey Mike's Funding LLC Series 2024-1A Class A2144A | 5.64 | &nbsp;&nbsp; 2-15-2055 | 9137100 | &nbsp;&nbsp; 9217452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jimmy Johns Funding LLC Series 2017-1A <br> Class A2II144A<br>| 4.85 | &nbsp;&nbsp; 7-30-2047 | 2335825 | &nbsp;&nbsp; 2293596 |
| &nbsp;&nbsp;&nbsp; Jonah Energy ABS I LLC Series 2022-1 Class A1144A | 7.20 | &nbsp;&nbsp; 12-10-2037 | 6821948 | &nbsp;&nbsp; 6844742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCM 37 Ltd. Series 37A Class A1R (U.S. SOFR 3 <br> Month+1.06%)144A±<br>| 5.32 | &nbsp;&nbsp; 4-15-2034 | 3650000 | &nbsp;&nbsp; 3639692 |
| &nbsp;&nbsp;&nbsp; Lendmark Funding Trust Series 2021-1A Class A144A | 1.90 | &nbsp;&nbsp; 11-20-2031 | 2065000 | &nbsp;&nbsp; 1969049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LoanCore Issuer LLC Series 2025-CRE8 Class C <br> (U.S. SOFR 1 Month+2.14%)144A±<br>| 6.47 | &nbsp;&nbsp; 8-17-2042 | 1000000 | &nbsp;&nbsp; 989369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lyra Music Assets Delaware LP Series 2024-2A <br> Class A2144A<br>| 5.76 | &nbsp;&nbsp; 12-22-2064 | 9985668 | &nbsp;&nbsp; 9836632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetroNet Infrastructure Issuer LLC Series 2023-1A <br> Class A2144A<br>| 6.56 | &nbsp;&nbsp; 4-20-2053 | 5928000 | &nbsp;&nbsp; 6060877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MF1 Ltd. Series 2022-FL8 Class A (U.S. SOFR 1 <br> Month+1.35%)144A±<br>| 5.67 | &nbsp;&nbsp; 2-19-2037 | 10656726 | &nbsp;&nbsp; 10649673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MF1 Ltd. Series 2022-FL8 Class C (U.S. SOFR 1 <br> Month+2.20%)144A±<br>| 6.52 | &nbsp;&nbsp; 2-19-2037 | 8750000 | &nbsp;&nbsp; 8550935 |
| &nbsp;&nbsp;&nbsp; MNR ABS Issuer I LLC‡ | 8.12 | &nbsp;&nbsp; 12-15-2038 | 6203475 | &nbsp;&nbsp; 6281019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monroe Capital ABS Funding II Ltd. Series 2023-1A <br> Class A1R144A<br>| 6.77 | &nbsp;&nbsp; 7-22-2034 | 1245000 | &nbsp;&nbsp; 1244089 |
| &nbsp;&nbsp;&nbsp; NBC Funding LLC Series 2024-1A Class A2144A | 6.75 | &nbsp;&nbsp; 7-30-2054 | 22089000 | &nbsp;&nbsp; 22388109 |
| &nbsp;&nbsp;&nbsp; Neighborly Issuer LLC Series 2021-1A Class A2144A | 3.58 | &nbsp;&nbsp; 4-30-2051 | 7680000 | &nbsp;&nbsp; 7129666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Economy Assets - Phase 1 Sponsor LLC <br> Series 2021-1 Class B1144A<br>| 2.41 | &nbsp;&nbsp; 10-20-2061 | 3750000 | &nbsp;&nbsp; 3413485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NextGear Floorplan Master Owner Trust Series 2024-2A <br> Class A2144A<br>| 4.42 | &nbsp;&nbsp; 9-15-2029 | 13650000 | &nbsp;&nbsp; 13622712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oak Street Investment Grade Net Lease Fund <br> Series 2020-1A Class A5144A<br>| 3.39 | &nbsp;&nbsp; 11-20-2050 | 5359500 | &nbsp;&nbsp; 5198419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oak Street Investment Grade Net Lease Fund <br> Series 2020-1A Class B1144A<br>| 5.11 | &nbsp;&nbsp; 11-20-2050 | 3325000 | &nbsp;&nbsp; 3225124 |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 7

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oak Street Investment Grade Net Lease Fund <br> Series 2021-1A Class A3144A<br>| 2.80<br> %<br>| &nbsp;&nbsp; 1-20-2051 | $4892167 | &nbsp;&nbsp; $4745373 |
| &nbsp;&nbsp;&nbsp; Octane Receivables Trust Series 2022-2A Class A144A | 5.11 | &nbsp;&nbsp; 2-22-2028 | 353162 | &nbsp;&nbsp; 353252 |
| &nbsp;&nbsp;&nbsp; Octane Receivables Trust Series 2023-1A Class A144A | 5.87 | &nbsp;&nbsp; 5-21-2029 | 583639 | &nbsp;&nbsp; 584990 |
| &nbsp;&nbsp;&nbsp; Octane Receivables Trust Series 2023-1A Class B144A | 5.96 | &nbsp;&nbsp; 7-20-2029 | 3045000 | &nbsp;&nbsp; 3062336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Direct Auto Receivables Trust Series 2025-1A <br> Class A144A<br>| 5.36 | &nbsp;&nbsp; 4-16-2035 | 6500000 | &nbsp;&nbsp; 6646307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Financial Issuance Trust Series 2020-2A <br> Class A144A<br>| 1.75 | &nbsp;&nbsp; 9-14-2035 | 1220000 | &nbsp;&nbsp; 1186693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OWN Equipment Fund I LLC Series 2024-2M <br> Class A144A<br>| 5.70 | &nbsp;&nbsp; 12-20-2032 | 12945468 | &nbsp;&nbsp; 13049776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oxford Finance Credit Fund III LP Series 2024-A <br> Class A2144A<br>| 6.68 | &nbsp;&nbsp; 1-14-2032 | 9035000 | &nbsp;&nbsp; 9144978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pagaya AI Debt Selection Trust Series 2021-HG1 <br> Class A144A<br>| 1.22 | &nbsp;&nbsp; 1-16-2029 | 300161 | &nbsp;&nbsp; 298380 |
| &nbsp;&nbsp;&nbsp; Pagaya AI Debt Trust Series 2023-6 Class B144A | 7.46 | &nbsp;&nbsp; 6-16-2031 | 796871 | &nbsp;&nbsp; 797478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pagaya Point of Sale Holdings Grantor Trust <br> Series 2025-1 Class A144A<br>| 5.72 | &nbsp;&nbsp; 1-20-2034 | 4000000 | &nbsp;&nbsp; 4012500 |
| &nbsp;&nbsp;&nbsp; PFS Financing Corp. Series 2024-B Class A144A | 4.95 | &nbsp;&nbsp; 2-15-2029 | 1575000 | &nbsp;&nbsp; 1585779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Planet Fitness Master Issuer LLC Series 2024-1A <br> Class A2I144A<br>| 5.77 | &nbsp;&nbsp; 6-5-2054 | 23059125 | &nbsp;&nbsp; 23328997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prestige Auto Receivables Trust Series 2024-2A <br> Class B144A<br>| 4.56 | &nbsp;&nbsp; 2-15-2029 | 1900000 | &nbsp;&nbsp; 1892080 |
| &nbsp;&nbsp;&nbsp; PureWest ABS Issuer LLC | 5.69 | &nbsp;&nbsp; 4-5-2040 | 3955180 | &nbsp;&nbsp; 3964673 |
| &nbsp;&nbsp;&nbsp; Qdoba Funding LLC Series 2023-1A Class A2144A | 8.50 | &nbsp;&nbsp; 9-14-2053 | 10234350 | &nbsp;&nbsp; 10662565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2023-CES3 <br> Class A1A144A±±<br>| 7.11 | &nbsp;&nbsp; 11-25-2043 | 16330300 | &nbsp;&nbsp; 16566882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2024-CES2 <br> Class A1A144A±±<br>| 6.14 | &nbsp;&nbsp; 4-25-2044 | 5474732 | &nbsp;&nbsp; 5508188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Vantage Data Centers Issuer LLC <br> Series 2023-1A Class A2A144A<br>| 5.00 | &nbsp;&nbsp; 9-15-2048 | 16130000 | &nbsp;&nbsp; 15945107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Vantage Data Centers Issuer LLC <br> Series 2024-1A Class A2144A<br>| 4.99 | &nbsp;&nbsp; 9-15-2049 | 22900000 | &nbsp;&nbsp; 22494331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust Series 2023-<br> FIG3 Class A144A±±<br>| 7.07 | &nbsp;&nbsp; 8-25-2053 | 7995722 | &nbsp;&nbsp; 8235567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust Series 2023-<br> FIG4 Class A144A±±<br>| 6.72 | &nbsp;&nbsp; 11-25-2053 | 7893605 | &nbsp;&nbsp; 8151933 |
| &nbsp;&nbsp;&nbsp; SEB Funding LLC Series 2021-1A Class A2144A | 4.97 | &nbsp;&nbsp; 1-30-2052 | 4114687 | &nbsp;&nbsp; 4028557 |
| &nbsp;&nbsp;&nbsp; Service Experts Issuer LLC Series 2021-1A Class A144A | 2.67 | &nbsp;&nbsp; 2-2-2032 | 2827359 | &nbsp;&nbsp; 2747658 |
| &nbsp;&nbsp;&nbsp; Service Experts Issuer LLC Series 2021-1A Class B144A | 3.28 | &nbsp;&nbsp; 2-2-2032 | 6445000 | &nbsp;&nbsp; 6075449 |
| &nbsp;&nbsp;&nbsp; Service Experts Issuer LLC Series 2024-1A Class A144A | 6.39 | &nbsp;&nbsp; 11-20-2035 | 9957484 | &nbsp;&nbsp; 10093576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ServiceMaster Funding LLC Series 2020-1 <br> Class A2II144A<br>| 3.34 | &nbsp;&nbsp; 1-30-2051 | 2753501 | &nbsp;&nbsp; 2361347 |
| &nbsp;&nbsp;&nbsp; SESAC Finance LLC Series 2024-1 Class A2144A | 6.42 | &nbsp;&nbsp; 1-25-2054 | 2320625 | &nbsp;&nbsp; 2335044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SLM Student Loan Trust Series 2003-10A Class A4 (90 <br> Day Average U.S. SOFR+0.93%)144A±<br>| 5.31 | &nbsp;&nbsp; 12-17-2068 | 2605496 | &nbsp;&nbsp; 2572395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sotheby's ArtFi Master Trust Series 2024-1A <br> Class A1144A<br>| 6.43 | &nbsp;&nbsp; 12-22-2031 | 10600000 | &nbsp;&nbsp; 10682680 |

---

See accompanying notes to portfolio of investments

8 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO VIII-R Ltd. Series 2015-1RA Class BR <br> (U.S. SOFR 3 Month+1.81%)144A±<br>| 6.07<br> %<br>| &nbsp;&nbsp; 4-15-2030 | $8588251 | &nbsp;&nbsp; $8594928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SpringCastle America Funding LLC Series 2020-AA <br> Class A144A<br>| 1.97 | &nbsp;&nbsp; 9-25-2037 | 1369478 | &nbsp;&nbsp; 1281228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stack Infrastructure Issuer LLC Series 2024-1A <br> Class A2144A<br>| 5.90 | &nbsp;&nbsp; 3-25-2049 | 1500000 | &nbsp;&nbsp; 1517024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Ltd. Series 2022-FL3 Class A (30 Day Average <br> U.S. SOFR+1.35%)144A±<br>| 5.68 | &nbsp;&nbsp; 11-15-2038 | 911511 | &nbsp;&nbsp; 909589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Store Master Funding I-VII XIV XIX XX XXIV <br> Series 2023-1A Class A1144A<br>| 6.19 | &nbsp;&nbsp; 6-20-2053 | 6930000 | &nbsp;&nbsp; 6980884 |
| &nbsp;&nbsp;&nbsp; Subway Funding LLC Series 2024-3A Class A2I144A | 5.25 | &nbsp;&nbsp; 7-30-2054 | 8457500 | &nbsp;&nbsp; 8312361 |
| &nbsp;&nbsp;&nbsp; Subway Funding LLC Series 2024-3A Class A23144A | 5.91 | &nbsp;&nbsp; 7-30-2054 | 2189000 | &nbsp;&nbsp; 2140077 |
| &nbsp;&nbsp;&nbsp; Switch ABS Issuer LLC Series 2024-1A Class A2144A | 6.28 | &nbsp;&nbsp; 3-25-2054 | 4890000 | &nbsp;&nbsp; 4937567 |
| &nbsp;&nbsp;&nbsp; Switch ABS Issuer LLC Series 2024-2A Class A2144A | 5.44 | &nbsp;&nbsp; 6-25-2054 | 13115000 | &nbsp;&nbsp; 13076661 |
| &nbsp;&nbsp;&nbsp; Taco Bell Funding LLC Series 2021-1A Class A23144A | 2.54 | &nbsp;&nbsp; 8-25-2051 | 491250 | &nbsp;&nbsp; 419509 |
| &nbsp;&nbsp;&nbsp; TierPoint Issuer LLC Series 2023-1A Class A2144A | 6.00 | &nbsp;&nbsp; 6-25-2053 | 3390000 | &nbsp;&nbsp; 3392422 |
| &nbsp;&nbsp;&nbsp; TierPoint Issuer LLC Series 2025-1A Class A2144A | 6.15 | &nbsp;&nbsp; 4-26-2055 | 1300000 | &nbsp;&nbsp; 1309141 |
| &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 | 2769000 | &nbsp;&nbsp; 2793534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TRTX Issuer Ltd. Series 2022-FL5 Class A (U.S. SOFR 1 <br> Month+1.65%)144A±<br>| 5.98 | &nbsp;&nbsp; 2-15-2039 | 1117862 | &nbsp;&nbsp; 1117098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TRTX Issuer Ltd. Series 2025-FL6 Class A (U.S. SOFR 1 <br> Month+1.54%)144A±<br>| 5.86 | &nbsp;&nbsp; 9-18-2042 | 10000000 | &nbsp;&nbsp; 9993747 |
| &nbsp;&nbsp;&nbsp; TSC SPV Funding LLC Series 2024-1A Class A2144A | 6.29 | &nbsp;&nbsp; 8-20-2054 | 7139125 | &nbsp;&nbsp; 6941837 |
| &nbsp;&nbsp;&nbsp; Uniti Fiber ABS Issuer LLC Series 2025-1A Class A2144A | 5.88 | &nbsp;&nbsp; 4-20-2055 | 3610000 | &nbsp;&nbsp; 3665899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vantage Data Centers Issuer LLC Series 2020-1A <br> Class A2144A<br>| 1.65 | &nbsp;&nbsp; 9-15-2045 | 2340000 | &nbsp;&nbsp; 2316181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture 44 CLO Ltd. Series 2021-44A Class A1NR <br> (U.S. SOFR 3 Month+1.14%)144A±<br>| 5.41 | &nbsp;&nbsp; 10-20-2034 | 4650000 | &nbsp;&nbsp; 4629098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture CLO Ltd. Series 2017-30A Class B (U.S. SOFR 3 <br> Month+1.86%)144A±<br>| 6.12 | &nbsp;&nbsp; 1-15-2031 | 250000 | &nbsp;&nbsp; 249976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vertical Bridge Holdings LLC Series 2020-2A <br> Class B144A<br>| 3.23 | &nbsp;&nbsp; 9-15-2050 | 5000000 | &nbsp;&nbsp; 4955528 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC Series 2021-1A Class A2II144A | 2.78 | &nbsp;&nbsp; 6-15-2051 | 529372 | &nbsp;&nbsp; 462652 |
| &nbsp;&nbsp;&nbsp; Westgate Resorts LLC Series 2022-1A Class C144A | 2.49 | &nbsp;&nbsp; 8-20-2036 | 3393416 | &nbsp;&nbsp; 3362927 |
| &nbsp;&nbsp;&nbsp; Wingstop Funding LLC Series 2024-1A Class A2144A | 5.86 | &nbsp;&nbsp; 12-5-2054 | 9500000 | &nbsp;&nbsp; 9609455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zais CLO 6 Ltd. Series 2017-1A Class CR (U.S. SOFR 3 <br> Month+2.91%)144A±<br>| 7.17 | &nbsp;&nbsp; 7-15-2029 | 1642821 | &nbsp;&nbsp; 1645851 |
| &nbsp;&nbsp;&nbsp; Zaxby's Funding LLC Series 2021-1A Class A2144A | 3.24 | &nbsp;&nbsp; 7-30-2051 | 4735500 | &nbsp;&nbsp; 4332867 |
| &nbsp;&nbsp;&nbsp; Zayo Issuer LLC Series 2025-1A Class A2144A | 5.65 | &nbsp;&nbsp; 3-20-2055 | 8000000 | &nbsp;&nbsp; 8038217 |
| &nbsp;&nbsp;&nbsp; Zayo Issuer LLC Series 2025-2A Class A2144A | 5.95 | &nbsp;&nbsp; 6-20-2055 | 2540000 | &nbsp;&nbsp; 2565202 |
| &nbsp;&nbsp;&nbsp; Ziply Fiber Issuer LLC Series 2024-1A Class A2144A | 6.64 | &nbsp;&nbsp; 4-20-2054 | 21825000 | &nbsp;&nbsp; 22363128 |
| **Total asset-backed securities (Cost $955,590,053)** |  |  |  | &nbsp;&nbsp; **958505730** |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 9

------

Portfolio of investments—May 31, 2025 (unaudited)

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

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Common stocks: 0.00%** |  |  |
| **Financials: 0.00%** |  |  |
| **Financial services: 0.00%** |  |  |
| &nbsp;&nbsp;&nbsp; Unifin Financiera SAB de CV♦† | 305668 | &nbsp;&nbsp; $**0** |
| **Total common stocks (Cost $0)** |  | &nbsp;&nbsp; **0** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal |  |
| **Corporate bonds and notes: 18.96%** |  |  |  |  |
| **Basic materials: 0.50%** |  |  |  |  |
| **Chemicals: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC | 6.50<br> %<br>| &nbsp;&nbsp; 4-15-2030 | $9000000 | &nbsp;&nbsp; 9071127 |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC | 6.63 | &nbsp;&nbsp; 7-15-2032 | 645000 | &nbsp;&nbsp; 660096 |
| &nbsp;&nbsp;&nbsp; LYB International Finance III LLC | 5.50 | &nbsp;&nbsp; 3-1-2034 | 4340000 | &nbsp;&nbsp; 4233647 |
| &nbsp;&nbsp;&nbsp; LYB International Finance III LLC | 6.15 | &nbsp;&nbsp; 5-15-2035 | 7235000 | &nbsp;&nbsp; 7347378 |
| &nbsp;&nbsp;&nbsp; Syensqo Finance America LLC144A | 5.85 | &nbsp;&nbsp; 6-4-2034 | 12015000 | &nbsp;&nbsp; 12208884 |
| &nbsp;&nbsp;&nbsp; Westlake Corp. | 1.63 | &nbsp;&nbsp; 7-17-2029 | 2750000 | &nbsp;&nbsp; 2936678 |
|  |  |  |  | &nbsp;&nbsp; **36457810** |
| **Iron/steel: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.144A | 4.88 | &nbsp;&nbsp; 3-1-2031 | 1305000 | &nbsp;&nbsp; 1066326 |
| &nbsp;&nbsp;&nbsp; Nucor Corp. | 5.10 | &nbsp;&nbsp; 6-1-2035 | 7000000 | &nbsp;&nbsp; 6870658 |
|  |  |  |  | &nbsp;&nbsp; **7936984** |
| **Mining: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC144A | 3.38 | &nbsp;&nbsp; 9-23-2051 | 3910000 | &nbsp;&nbsp; 2498730 |
| &nbsp;&nbsp;&nbsp; Kaiser Aluminum Corp.144A | 4.63 | &nbsp;&nbsp; 3-1-2028 | 885000 | &nbsp;&nbsp; 860107 |
|  |  |  |  | &nbsp;&nbsp; **3358837** |
| **Communications: 1.39%** |  |  |  |  |
| **Advertising: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Lamar Media Corp. | 4.00 | &nbsp;&nbsp; 2-15-2030 | 1205000 | &nbsp;&nbsp; 1135655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital <br> Corp.144A<br>| 7.38 | &nbsp;&nbsp; 2-15-2031 | 910000 | &nbsp;&nbsp; 961008 |
|  |  |  |  | &nbsp;&nbsp; **2096663** |
| **Internet: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | 4.13 | &nbsp;&nbsp; 5-12-2033 | 2500000 | &nbsp;&nbsp; 2984202 |
| &nbsp;&nbsp;&nbsp; Match Group Holdings II LLC144A | 4.13 | &nbsp;&nbsp; 8-1-2030 | 2520000 | &nbsp;&nbsp; 2325738 |
| &nbsp;&nbsp;&nbsp; MercadoLibre, Inc. | 3.13 | &nbsp;&nbsp; 1-14-2031 | 12050000 | &nbsp;&nbsp; 10725158 |
|  |  |  |  | &nbsp;&nbsp; **16035098** |
| **Media: 1.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.144A | 4.25 | &nbsp;&nbsp; 1-15-2034 | 22600000 | &nbsp;&nbsp; 19509066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 3.85 | &nbsp;&nbsp; 4-1-2061 | 6000000 | &nbsp;&nbsp; 3697968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 3.90 | &nbsp;&nbsp; 6-1-2052 | 5420000 | &nbsp;&nbsp; 3577563 |

---

See accompanying notes to portfolio of investments

10 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Media**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 4.40<br> %<br>| &nbsp;&nbsp; 12-1-2061 | $22550000 | &nbsp;&nbsp; $15190945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 6.10 | &nbsp;&nbsp; 6-1-2029 | 16853000 | &nbsp;&nbsp; 17543992 |
| &nbsp;&nbsp;&nbsp; Comcast Corp. | 6.05 | &nbsp;&nbsp; 5-15-2055 | 5000000 | &nbsp;&nbsp; 4989894 |
| &nbsp;&nbsp;&nbsp; News Corp.144A | 3.88 | &nbsp;&nbsp; 5-15-2029 | 22230000 | &nbsp;&nbsp; 21082916 |
| &nbsp;&nbsp;&nbsp; News Corp.144A | 5.13 | &nbsp;&nbsp; 2-15-2032 | 95000 | &nbsp;&nbsp; 91343 |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC144A | 4.00 | &nbsp;&nbsp; 7-15-2028 | 895000 | &nbsp;&nbsp; 849296 |
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC | 5.50 | &nbsp;&nbsp; 9-1-2041 | 12015000 | &nbsp;&nbsp; 10589109 |
|  |  |  |  | &nbsp;&nbsp; **97122092** |
| **Telecommunications: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 3.55 | &nbsp;&nbsp; 9-15-2055 | 13760000 | &nbsp;&nbsp; 9096489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sprint Spectrum Co. LLC/Sprint Spectrum Co. <br> II LLC/Sprint Spectrum Co. III LLC144A<br>| 5.15 | &nbsp;&nbsp; 3-20-2028 | 9762000 | &nbsp;&nbsp; 9804532 |
|  |  |  |  | &nbsp;&nbsp; **18901021** |
| **Consumer, cyclical: 2.98%** |  |  |  |  |
| **Airlines: 1.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust Series 2015-1 <br> Class A<br>| 3.38 | &nbsp;&nbsp; 5-1-2027 | 17330848 | &nbsp;&nbsp; 16829284 |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd.144A | 5.75 | &nbsp;&nbsp; 4-20-2029 | 8260000 | &nbsp;&nbsp; 8111135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; British Airways Pass-Through Trust Series 2020-1 <br> Class A144A<br>| 4.25 | &nbsp;&nbsp; 11-15-2032 | 4562979 | &nbsp;&nbsp; 4305644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines Pass-Through Trust Series 2020-1 <br> Class AA<br>| 2.00 | &nbsp;&nbsp; 6-10-2028 | 2868890 | &nbsp;&nbsp; 2679340 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc./SkyMiles IP Ltd.144A | 4.75 | &nbsp;&nbsp; 10-20-2028 | 32400000 | &nbsp;&nbsp; 32274521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mileage Plus Holdings LLC/Mileage Plus Intellectual <br> Property Assets Ltd.144A<br>| 6.50 | &nbsp;&nbsp; 6-20-2027 | 27291600 | &nbsp;&nbsp; 27354234 |
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust Series 2020-1 Class B | 4.88 | &nbsp;&nbsp; 1-15-2026 | 6150599 | &nbsp;&nbsp; 6120585 |
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust Series 2023-1 Class A | 5.80 | &nbsp;&nbsp; 1-15-2036 | 2861165 | &nbsp;&nbsp; 2863956 |
|  |  |  |  | &nbsp;&nbsp; **100538699** |
| **Auto manufacturers: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ford Motor Co. | 3.25 | &nbsp;&nbsp; 2-12-2032 | 11415000 | &nbsp;&nbsp; 9419740 |
| &nbsp;&nbsp;&nbsp; Ford Motor Co. | 6.10 | &nbsp;&nbsp; 8-19-2032 | 6125000 | &nbsp;&nbsp; 5982603 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 4.00 | &nbsp;&nbsp; 11-13-2030 | 12465000 | &nbsp;&nbsp; 11100833 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc. | 5.85 | &nbsp;&nbsp; 4-6-2030 | 9130000 | &nbsp;&nbsp; 9326137 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America144A | 1.30 | &nbsp;&nbsp; 1-8-2026 | 4405000 | &nbsp;&nbsp; 4311580 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America144A | 5.30 | &nbsp;&nbsp; 3-19-2027 | 3965000 | &nbsp;&nbsp; 3991482 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America144A | 5.65 | &nbsp;&nbsp; 6-26-2026 | 2285000 | &nbsp;&nbsp; 2305365 |
|  |  |  |  | &nbsp;&nbsp; **46437740** |
| **Auto parts & equipment: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.144A | 7.00 | &nbsp;&nbsp; 4-15-2028 | 920000 | &nbsp;&nbsp; **940271** |
| **Entertainment: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cinemark USA, Inc.144A | 5.25 | &nbsp;&nbsp; 7-15-2028 | 700000 | &nbsp;&nbsp; 690575 |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 11

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Entertainment**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Six Flags Theme Parks, <br> Inc./Canada's Wonderland Co.144A<br>| 6.63<br> %<br>| &nbsp;&nbsp; 5-1-2032 | $860000 | &nbsp;&nbsp; $876776 |
| &nbsp;&nbsp;&nbsp; Warnermedia Holdings, Inc. | 4.28 | &nbsp;&nbsp; 3-15-2032 | 15370000 | &nbsp;&nbsp; 13042510 |
| &nbsp;&nbsp;&nbsp; Warnermedia Holdings, Inc. | 5.14 | &nbsp;&nbsp; 3-15-2052 | 26460000 | &nbsp;&nbsp; 17152910 |
|  |  |  |  | &nbsp;&nbsp; **31762771** |
| **Home builders: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LGI Homes, Inc.144A | 8.75 | &nbsp;&nbsp; 12-15-2028 | 710000 | &nbsp;&nbsp; **730695** |
| **Housewares: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. | 6.38 | &nbsp;&nbsp; 5-15-2030 | 1055000 | &nbsp;&nbsp; **991114** |
| **Leisure time: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sabre Global, Inc.144A | 10.75 | &nbsp;&nbsp; 11-15-2029 | 15358000 | &nbsp;&nbsp; **15665160** |
| **Lodging: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. | 5.63 | &nbsp;&nbsp; 6-15-2028 | 7525000 | &nbsp;&nbsp; 7542028 |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. | 6.00 | &nbsp;&nbsp; 6-14-2030 | 10040000 | &nbsp;&nbsp; 10148791 |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. | 6.20 | &nbsp;&nbsp; 8-15-2034 | 14395000 | &nbsp;&nbsp; 14275874 |
|  |  |  |  | &nbsp;&nbsp; **31966693** |
| **Retail: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FirstCash, Inc.144A | 6.88 | &nbsp;&nbsp; 3-1-2032 | 885000 | &nbsp;&nbsp; 907133 |
| &nbsp;&nbsp;&nbsp; Group 1 Automotive, Inc.144A | 6.38 | &nbsp;&nbsp; 1-15-2030 | 1330000 | &nbsp;&nbsp; 1354460 |
| &nbsp;&nbsp;&nbsp; Kohl's Corp. | 5.13 | &nbsp;&nbsp; 5-1-2031 | 3840000 | &nbsp;&nbsp; 2442521 |
| &nbsp;&nbsp;&nbsp; Macy's Retail Holdings LLC144A | 5.88 | &nbsp;&nbsp; 3-15-2030 | 10250000 | &nbsp;&nbsp; 9782372 |
| &nbsp;&nbsp;&nbsp; Macy's Retail Holdings LLC144A | 6.13 | &nbsp;&nbsp; 3-15-2032 | 995000 | &nbsp;&nbsp; 921720 |
| &nbsp;&nbsp;&nbsp; PetSmart, Inc./PetSmart Finance Corp.144A | 4.75 | &nbsp;&nbsp; 2-15-2028 | 4145000 | &nbsp;&nbsp; 4000221 |
| &nbsp;&nbsp;&nbsp; Sally Holdings LLC/Sally Capital, Inc. | 6.75 | &nbsp;&nbsp; 3-1-2032 | 785000 | &nbsp;&nbsp; 797537 |
| &nbsp;&nbsp;&nbsp; Sonic Automotive, Inc.144A | 4.63 | &nbsp;&nbsp; 11-15-2029 | 6710000 | &nbsp;&nbsp; 6409626 |
|  |  |  |  | &nbsp;&nbsp; **26615590** |
| **Toys/games/hobbies: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Hasbro, Inc. | 6.05 | &nbsp;&nbsp; 5-14-2034 | 14940000 | &nbsp;&nbsp; 15139803 |
| &nbsp;&nbsp;&nbsp; Mattel, Inc.144A | 5.88 | &nbsp;&nbsp; 12-15-2027 | 16020000 | &nbsp;&nbsp; 16076070 |
|  |  |  |  | &nbsp;&nbsp; **31215873** |
| **Consumer, non-cyclical: 1.91%** |  |  |  |  |
| **Agriculture: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc. | 1.70 | &nbsp;&nbsp; 6-15-2025 | 2000000 | &nbsp;&nbsp; 2270155 |
| &nbsp;&nbsp;&nbsp; BAT Capital Corp. | 4.76 | &nbsp;&nbsp; 9-6-2049 | 5825000 | &nbsp;&nbsp; 4676472 |
| &nbsp;&nbsp;&nbsp; BAT Capital Corp. | 5.63 | &nbsp;&nbsp; 8-15-2035 | 10630000 | &nbsp;&nbsp; 10650677 |
| &nbsp;&nbsp;&nbsp; BAT Capital Corp. | 6.25 | &nbsp;&nbsp; 8-15-2055 | 11680000 | &nbsp;&nbsp; 11511797 |
| &nbsp;&nbsp;&nbsp; Reynolds American, Inc. | 7.00 | &nbsp;&nbsp; 8-4-2041 | 285000 | &nbsp;&nbsp; 293134 |
|  |  |  |  | &nbsp;&nbsp; **29402235** |

---

See accompanying notes to portfolio of investments

12 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Biotechnology: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Biogen, Inc. | 5.75<br> %<br>| &nbsp;&nbsp; 5-15-2035 | $12430000 | &nbsp;&nbsp; $12513689 |
| &nbsp;&nbsp;&nbsp; Biogen, Inc. | 6.45 | &nbsp;&nbsp; 5-15-2055 | 9465000 | &nbsp;&nbsp; 9468172 |
|  |  |  |  | &nbsp;&nbsp; **21981861** |
| **Commercial services: 0.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ashtead Capital, Inc.144A | 5.55 | &nbsp;&nbsp; 5-30-2033 | 8485000 | &nbsp;&nbsp; 8403028 |
| &nbsp;&nbsp;&nbsp; Block, Inc. | 3.50 | &nbsp;&nbsp; 6-1-2031 | 985000 | &nbsp;&nbsp; 890028 |
| &nbsp;&nbsp;&nbsp; CoreCivic, Inc. | 8.25 | &nbsp;&nbsp; 4-15-2029 | 4010000 | &nbsp;&nbsp; 4238305 |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 8.63 | &nbsp;&nbsp; 4-15-2029 | 2190000 | &nbsp;&nbsp; 2311712 |
| &nbsp;&nbsp;&nbsp; GEO Group, Inc. | 10.25 | &nbsp;&nbsp; 4-15-2031 | 1135000 | &nbsp;&nbsp; 1244127 |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc. | 5.95 | &nbsp;&nbsp; 8-15-2052 | 10480000 | &nbsp;&nbsp; 9738335 |
| &nbsp;&nbsp;&nbsp; Service Corp. International | 5.75 | &nbsp;&nbsp; 10-15-2032 | 1205000 | &nbsp;&nbsp; 1197455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toll Road Investors Partnership II LP Series 1999-B <br> (NPFGC Insured)144A¤<br>| 0.00 | &nbsp;&nbsp; 2-15-2026 | 5630000 | &nbsp;&nbsp; 5376525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toll Road Investors Partnership II LP Series 1999-B <br> (NPFGC Insured)144A¤<br>| 0.00 | &nbsp;&nbsp; 2-15-2027 | 1050000 | &nbsp;&nbsp; 941569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toll Road Investors Partnership II LP Series 1999-B <br> (NPFGC Insured)144A¤<br>| 0.00 | &nbsp;&nbsp; 2-15-2028 | 1150000 | &nbsp;&nbsp; 969380 |
| &nbsp;&nbsp;&nbsp; United Rentals North America, Inc. | 3.88 | &nbsp;&nbsp; 2-15-2031 | 550000 | &nbsp;&nbsp; 507480 |
| &nbsp;&nbsp;&nbsp; Upbound Group, Inc.144A | 6.38 | &nbsp;&nbsp; 2-15-2029 | 5750000 | &nbsp;&nbsp; 5501738 |
|  |  |  |  | &nbsp;&nbsp; **41319682** |
| **Food: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mars, Inc.144A | 5.20 | &nbsp;&nbsp; 3-1-2035 | 14000000 | &nbsp;&nbsp; 13947485 |
| &nbsp;&nbsp;&nbsp; Mars, Inc.144A | 5.70 | &nbsp;&nbsp; 5-1-2055 | 13470000 | &nbsp;&nbsp; 13067247 |
| &nbsp;&nbsp;&nbsp; U.S. Foods, Inc.144A | 5.75 | &nbsp;&nbsp; 4-15-2033 | 670000 | &nbsp;&nbsp; 658209 |
|  |  |  |  | &nbsp;&nbsp; **27672941** |
| **Healthcare-products: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Danaher Corp. | 2.50 | &nbsp;&nbsp; 3-30-2030 | 2000000 | &nbsp;&nbsp; **2240438** |
| **Healthcare-services: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; DaVita, Inc.144A | 6.88 | &nbsp;&nbsp; 9-1-2032 | 4980000 | &nbsp;&nbsp; 5058893 |
| &nbsp;&nbsp;&nbsp; HCA, Inc. | 5.95 | &nbsp;&nbsp; 9-15-2054 | 10465000 | &nbsp;&nbsp; 9870048 |
| &nbsp;&nbsp;&nbsp; Highmark, Inc.144A | 2.55 | &nbsp;&nbsp; 5-10-2031 | 11720000 | &nbsp;&nbsp; 9938911 |
| &nbsp;&nbsp;&nbsp; Pediatrix Medical Group, Inc.144A | 5.38 | &nbsp;&nbsp; 2-15-2030 | 835000 | &nbsp;&nbsp; 808314 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. | 6.75 | &nbsp;&nbsp; 5-15-2031 | 935000 | &nbsp;&nbsp; 963098 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 5.05 | &nbsp;&nbsp; 4-15-2053 | 10975000 | &nbsp;&nbsp; 9433022 |
|  |  |  |  | &nbsp;&nbsp; **36072286** |
| **Household products/wares: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Garden & Pet Co. | 4.13 | &nbsp;&nbsp; 10-15-2030 | 1970000 | &nbsp;&nbsp; **1821815** |
| **Pharmaceuticals: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 5.60 | &nbsp;&nbsp; 3-15-2055 | 6915000 | &nbsp;&nbsp; 6742406 |
| &nbsp;&nbsp;&nbsp; Viatris, Inc. | 3.85 | &nbsp;&nbsp; 6-22-2040 | 10610000 | &nbsp;&nbsp; 7542087 |
| &nbsp;&nbsp;&nbsp; Viatris, Inc. | 4.00 | &nbsp;&nbsp; 6-22-2050 | 13302000 | &nbsp;&nbsp; 8511614 |
|  |  |  |  | &nbsp;&nbsp; **22796107** |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 13

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Energy: 1.64%** |  |  |  |  |
| **Energy-alternate sources: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TerraForm Power Operating LLC144A | 4.75<br> %<br>| &nbsp;&nbsp; 1-15-2030 | $925000 | &nbsp;&nbsp; **$871919** |
| **Oil & gas: 0.88%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; APA Corp.144A | 5.25 | &nbsp;&nbsp; 2-1-2042 | 5921000 | &nbsp;&nbsp; 4585496 |
| &nbsp;&nbsp;&nbsp; BP Capital Markets America, Inc. | 5.23 | &nbsp;&nbsp; 11-17-2034 | 26575000 | &nbsp;&nbsp; 26460672 |
| &nbsp;&nbsp;&nbsp; ConocoPhillips Co. | 5.50 | &nbsp;&nbsp; 1-15-2055 | 21010000 | &nbsp;&nbsp; 19370905 |
| &nbsp;&nbsp;&nbsp; ConocoPhillips Co. | 5.65 | &nbsp;&nbsp; 1-15-2065 | 3975000 | &nbsp;&nbsp; 3661179 |
| &nbsp;&nbsp;&nbsp; Coterra Energy, Inc. | 5.40 | &nbsp;&nbsp; 2-15-2035 | 6910000 | &nbsp;&nbsp; 6700609 |
| &nbsp;&nbsp;&nbsp; Coterra Energy, Inc. | 5.90 | &nbsp;&nbsp; 2-15-2055 | 4490000 | &nbsp;&nbsp; 4047509 |
| &nbsp;&nbsp;&nbsp; Devon Energy Corp. | 5.25 | &nbsp;&nbsp; 10-15-2027 | 1017000 | &nbsp;&nbsp; 1017424 |
| &nbsp;&nbsp;&nbsp; Expand Energy Corp. | 5.38 | &nbsp;&nbsp; 3-15-2030 | 11120000 | &nbsp;&nbsp; 11059583 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp. | 6.05 | &nbsp;&nbsp; 10-1-2054 | 4150000 | &nbsp;&nbsp; 3607198 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp. | 6.13 | &nbsp;&nbsp; 1-1-2031 | 4169000 | &nbsp;&nbsp; 4244338 |
|  |  |  |  | &nbsp;&nbsp; **84754913** |
| **Oil & gas services: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Schlumberger Holdings Corp.144A | 4.85 | &nbsp;&nbsp; 5-15-2033 | 11430000 | &nbsp;&nbsp; **11040890** |
| **Pipelines: 0.64%** |  |  |  |  |
| &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 | 3575000 | &nbsp;&nbsp; 3747276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer LP Series H (5 Year Treasury Constant <br> Maturity+5.69%)ʊ±<br>| 6.50 | &nbsp;&nbsp; 11-15-2026 | 2155000 | &nbsp;&nbsp; 2149570 |
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC | 5.55 | &nbsp;&nbsp; 2-16-2055 | 10505000 | &nbsp;&nbsp; 9801920 |
| &nbsp;&nbsp;&nbsp; Harvest Midstream I LP144A | 7.50 | &nbsp;&nbsp; 5-15-2032 | 1415000 | &nbsp;&nbsp; 1453808 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP144A | 5.50 | &nbsp;&nbsp; 10-15-2030 | 795000 | &nbsp;&nbsp; 786024 |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings LP144A | 5.88 | &nbsp;&nbsp; 6-15-2030 | 1340000 | &nbsp;&nbsp; 1332037 |
| &nbsp;&nbsp;&nbsp; Prairie Acquiror LP144A | 9.00 | &nbsp;&nbsp; 8-1-2029 | 5050000 | &nbsp;&nbsp; 5133764 |
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC144A | 6.88 | &nbsp;&nbsp; 4-15-2040 | 1000000 | &nbsp;&nbsp; 957557 |
| &nbsp;&nbsp;&nbsp; South Bow USA Infrastructure Holdings LLC144A | 5.03 | &nbsp;&nbsp; 10-1-2029 | 14860000 | &nbsp;&nbsp; 14735050 |
| &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 | 12345000 | &nbsp;&nbsp; 11828809 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc.144A | 9.50 | &nbsp;&nbsp; 2-1-2029 | 4520000 | &nbsp;&nbsp; 4832540 |
| &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 | 4705000 | &nbsp;&nbsp; 4437618 |
|  |  |  |  | &nbsp;&nbsp; **61195973** |
| **Financial: 6.63%** |  |  |  |  |
| **Banks: 3.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+1.74%)± | 5.52 | &nbsp;&nbsp; 10-25-2035 | 22135000 | &nbsp;&nbsp; 21727222 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+1.91%)± | 5.43 | &nbsp;&nbsp; 8-15-2035 | 7960000 | &nbsp;&nbsp; 7799621 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR 3 Month+1.84%)± | 3.82 | &nbsp;&nbsp; 1-20-2028 | 6200000 | &nbsp;&nbsp; 6116851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp. Series OO (5 Year Treasury <br> Constant Maturity+2.68%)ʊ±<br>| 6.63 | &nbsp;&nbsp; 5-1-2030 | 9175000 | &nbsp;&nbsp; 9320405 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.25%)± | 2.38 | &nbsp;&nbsp; 7-21-2032 | 5720000 | &nbsp;&nbsp; 4922182 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.55%)± | 5.33 | &nbsp;&nbsp; 7-23-2035 | 8785000 | &nbsp;&nbsp; 8710547 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.02%)± | 2.07 | &nbsp;&nbsp; 6-1-2029 | 16465000 | &nbsp;&nbsp; 15313603 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.31%)± | 5.01 | &nbsp;&nbsp; 1-23-2030 | 13975000 | &nbsp;&nbsp; 14140710 |

---

See accompanying notes to portfolio of investments

14 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.45%)± | 5.30<br> %<br>| &nbsp;&nbsp; 7-24-2029 | $5170000 | &nbsp;&nbsp; $5274816 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.75%)± | 4.57 | &nbsp;&nbsp; 6-14-2030 | 17530000 | &nbsp;&nbsp; 17458630 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.85%)± | 5.35 | &nbsp;&nbsp; 6-1-2034 | 9360000 | &nbsp;&nbsp; 9466943 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR 3 Month+0.70%)± | 1.04 | &nbsp;&nbsp; 2-4-2027 | 8275000 | &nbsp;&nbsp; 8074300 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.20%)± | 2.51 | &nbsp;&nbsp; 10-20-2032 | 12080000 | &nbsp;&nbsp; 10401381 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.22%)± | 5.04 | &nbsp;&nbsp; 7-19-2030 | 7235000 | &nbsp;&nbsp; 7306853 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.36%)± | 2.48 | &nbsp;&nbsp; 9-16-2036 | 10660000 | &nbsp;&nbsp; 8908429 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.59%)± | 5.16 | &nbsp;&nbsp; 4-20-2029 | 8265000 | &nbsp;&nbsp; 8380343 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.71%)± | 5.52 | &nbsp;&nbsp; 11-19-2055 | 12570000 | &nbsp;&nbsp; 11976830 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.73%)± | 5.12 | &nbsp;&nbsp; 2-1-2029 | 10725000 | &nbsp;&nbsp; 10854291 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.76%)± | 5.66 | &nbsp;&nbsp; 4-17-2036 | 11715000 | &nbsp;&nbsp; 11906346 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.83%)± | 6.41 | &nbsp;&nbsp; 11-1-2029 | 14845000 | &nbsp;&nbsp; 15648684 |
| &nbsp;&nbsp;&nbsp; National Securities Clearing Corp.144A | 5.00 | &nbsp;&nbsp; 5-30-2028 | 5165000 | &nbsp;&nbsp; 5257444 |
| &nbsp;&nbsp;&nbsp; Santander Holdings USA, Inc. (U.S. SOFR+1.88%)± | 5.74 | &nbsp;&nbsp; 3-20-2031 | 14505000 | &nbsp;&nbsp; 14655568 |
| &nbsp;&nbsp;&nbsp; Santander Holdings USA, Inc. (U.S. SOFR+3.28%)± | 7.66 | &nbsp;&nbsp; 11-9-2031 | 11775000 | &nbsp;&nbsp; 12963097 |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp (U.S. SOFR+1.86%)± | 5.68 | &nbsp;&nbsp; 1-23-2035 | 9930000 | &nbsp;&nbsp; 10115999 |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp (U.S. SOFR+2.26%)± | 5.84 | &nbsp;&nbsp; 6-12-2034 | 33830000 | &nbsp;&nbsp; 34931529 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.50%)± | 3.35 | &nbsp;&nbsp; 3-2-2033 | 9585000 | &nbsp;&nbsp; 8597014 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR 3 Month+4.50%)± | 5.01 | &nbsp;&nbsp; 4-4-2051 | 11530000 | &nbsp;&nbsp; 10116846 |
|  |  |  |  | &nbsp;&nbsp; **310346484** |
| **Diversified financial services: 0.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aircastle Ltd.144A | 5.95 | &nbsp;&nbsp; 2-15-2029 | 15725000 | &nbsp;&nbsp; 16132469 |
| &nbsp;&nbsp;&nbsp; Aircastle Ltd./Aircastle Ireland DAC144A | 5.25 | &nbsp;&nbsp; 3-15-2030 | 14665000 | &nbsp;&nbsp; 14598221 |
| &nbsp;&nbsp;&nbsp; Citadel Finance LLC144A | 3.38 | &nbsp;&nbsp; 3-9-2026 | 8215000 | &nbsp;&nbsp; 8092650 |
| &nbsp;&nbsp;&nbsp; Citadel Finance LLC144A | 5.90 | &nbsp;&nbsp; 2-10-2030 | 8820000 | &nbsp;&nbsp; 8777958 |
| &nbsp;&nbsp;&nbsp; Computershare U.S., Inc. | 1.13 | &nbsp;&nbsp; 10-7-2031 | 7450000 | &nbsp;&nbsp; 7313030 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc.144A | 7.13 | &nbsp;&nbsp; 4-30-2031 | 1600000 | &nbsp;&nbsp; 1671461 |
| &nbsp;&nbsp;&nbsp; PRA Group, Inc.144A | 5.00 | &nbsp;&nbsp; 10-1-2029 | 970000 | &nbsp;&nbsp; 870143 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC144A | 5.50 | &nbsp;&nbsp; 4-15-2029 | 1025000 | &nbsp;&nbsp; 981236 |
|  |  |  |  | &nbsp;&nbsp; **58437168** |
| **Insurance: 1.70%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 200 Park Funding Trust144A | 5.74 | &nbsp;&nbsp; 2-15-2055 | 25765000 | &nbsp;&nbsp; 24846206 |
| &nbsp;&nbsp;&nbsp; Cincinnati Financial Corp. | 6.13 | &nbsp;&nbsp; 11-1-2034 | 6850000 | &nbsp;&nbsp; 7218554 |
| &nbsp;&nbsp;&nbsp; Essent Group Ltd. | 6.25 | &nbsp;&nbsp; 7-1-2029 | 7855000 | &nbsp;&nbsp; 8097158 |
| &nbsp;&nbsp;&nbsp; Guardian Life Insurance Co. of America144A | 4.85 | &nbsp;&nbsp; 1-24-2077 | 13670000 | &nbsp;&nbsp; 11041447 |
| &nbsp;&nbsp;&nbsp; Jackson Financial, Inc. | 4.00 | &nbsp;&nbsp; 11-23-2051 | 9451000 | &nbsp;&nbsp; 6239355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetLife, Inc. Series G (5 Year Treasury Constant <br> Maturity+3.58%)ʊ±<br>| 3.85 | &nbsp;&nbsp; 9-15-2025 | 12859000 | &nbsp;&nbsp; 12744030 |
| &nbsp;&nbsp;&nbsp; New York Life Insurance Co.144A | 3.75 | &nbsp;&nbsp; 5-15-2050 | 6500000 | &nbsp;&nbsp; 4667787 |
| &nbsp;&nbsp;&nbsp; New York Life Insurance Co.144A | 5.88 | &nbsp;&nbsp; 5-15-2033 | 13030000 | &nbsp;&nbsp; 13520570 |
| &nbsp;&nbsp;&nbsp; NMI Holdings, Inc. | 6.00 | &nbsp;&nbsp; 8-15-2029 | 6355000 | &nbsp;&nbsp; 6449850 |
| &nbsp;&nbsp;&nbsp; Northwestern Mutual Life Insurance Co.144A | 3.63 | &nbsp;&nbsp; 9-30-2059 | 17534000 | &nbsp;&nbsp; 11602369 |
| &nbsp;&nbsp;&nbsp; Northwestern Mutual Life Insurance Co.144A | 6.17 | &nbsp;&nbsp; 5-29-2055 | 6240000 | &nbsp;&nbsp; 6418290 |
| &nbsp;&nbsp;&nbsp; Omnis Funding Trust144A%% | 6.72 | &nbsp;&nbsp; 5-15-2055 | 19735000 | &nbsp;&nbsp; 19856747 |
| &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 | 7490000 | &nbsp;&nbsp; 6924776 |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 15

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Insurance**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prudential Financial, Inc. (5 Year Treasury Constant <br> Maturity+3.16%)±<br>| 5.13<br> %<br>| &nbsp;&nbsp; 3-1-2052 | $2265000 | &nbsp;&nbsp; $2176196 |
| &nbsp;&nbsp;&nbsp; RGA Global Funding144A | 5.05 | &nbsp;&nbsp; 12-6-2031 | 9266000 | &nbsp;&nbsp; 9151781 |
| &nbsp;&nbsp;&nbsp; Transatlantic Holdings, Inc. | 8.00 | &nbsp;&nbsp; 11-30-2039 | 6994000 | &nbsp;&nbsp; 8468807 |
| &nbsp;&nbsp;&nbsp; Unum Group144A | 4.05 | &nbsp;&nbsp; 8-15-2041 | 5788000 | &nbsp;&nbsp; 4511477 |
|  |  |  |  | &nbsp;&nbsp; **163935400** |
| **Investment Companies: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp. BDC | 2.88 | &nbsp;&nbsp; 6-15-2028 | 5375000 | &nbsp;&nbsp; 5018604 |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp. BDC%% | 5.50 | &nbsp;&nbsp; 9-1-2030 | 11160000 | &nbsp;&nbsp; 11073008 |
|  |  |  |  | &nbsp;&nbsp; **16091612** |
| **REITs: 0.92%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 8.30 | &nbsp;&nbsp; 3-15-2028 | 7370000 | &nbsp;&nbsp; 7726737 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 8.88 | &nbsp;&nbsp; 4-12-2029 | 1015000 | &nbsp;&nbsp; 1080851 |
| &nbsp;&nbsp;&nbsp; EPR Properties | 3.60 | &nbsp;&nbsp; 11-15-2031 | 6425000 | &nbsp;&nbsp; 5733715 |
| &nbsp;&nbsp;&nbsp; Essential Properties LP | 2.95 | &nbsp;&nbsp; 7-15-2031 | 16938000 | &nbsp;&nbsp; 14817548 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc.144A | 4.50 | &nbsp;&nbsp; 2-15-2031 | 3760000 | &nbsp;&nbsp; 3523118 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc.144A | 5.25 | &nbsp;&nbsp; 3-15-2028 | 920000 | &nbsp;&nbsp; 909910 |
| &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 | 710000 | &nbsp;&nbsp; 736306 |
| &nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc. | 3.63 | &nbsp;&nbsp; 10-1-2029 | 8365000 | &nbsp;&nbsp; 7870606 |
| &nbsp;&nbsp;&nbsp; Piedmont Operating Partnership LP | 2.75 | &nbsp;&nbsp; 4-1-2032 | 2670000 | &nbsp;&nbsp; 2146248 |
| &nbsp;&nbsp;&nbsp; Piedmont Operating Partnership LP | 9.25 | &nbsp;&nbsp; 7-20-2028 | 6908000 | &nbsp;&nbsp; 7628378 |
| &nbsp;&nbsp;&nbsp; Realty Income Corp. | 5.13 | &nbsp;&nbsp; 7-6-2034 | 4700000 | &nbsp;&nbsp; 5823386 |
| &nbsp;&nbsp;&nbsp; Sabra Health Care LP | 5.13 | &nbsp;&nbsp; 8-15-2026 | 12800000 | &nbsp;&nbsp; 12780797 |
| &nbsp;&nbsp;&nbsp; SBA Tower Trust144A | 1.63 | &nbsp;&nbsp; 11-15-2026 | 6595000 | &nbsp;&nbsp; 6268529 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc.144A | 6.50 | &nbsp;&nbsp; 7-1-2030 | 3985000 | &nbsp;&nbsp; 4041559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WEA Finance LLC/Westfield U.K. & Europe <br> Finance PLC144A<br>| 4.75 | &nbsp;&nbsp; 9-17-2044 | 9810000 | &nbsp;&nbsp; 7808245 |
|  |  |  |  | &nbsp;&nbsp; **88895933** |
| **Industrial: 0.99%** |  |  |  |  |
| **Aerospace/defense: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Boeing Co. | 5.81 | &nbsp;&nbsp; 5-1-2050 | 6600000 | &nbsp;&nbsp; 6180440 |
| &nbsp;&nbsp;&nbsp; Boeing Co. | 6.86 | &nbsp;&nbsp; 5-1-2054 | 6500000 | &nbsp;&nbsp; 6932308 |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc.144A | 9.75 | &nbsp;&nbsp; 11-15-2030 | 3745000 | &nbsp;&nbsp; 4135472 |
| &nbsp;&nbsp;&nbsp; TransDigm, Inc.144A | 6.63 | &nbsp;&nbsp; 3-1-2032 | 1110000 | &nbsp;&nbsp; 1133870 |
|  |  |  |  | &nbsp;&nbsp; **18382090** |
| **Building materials: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Builders FirstSource, Inc.144A | 6.38 | &nbsp;&nbsp; 3-1-2034 | 1145000 | &nbsp;&nbsp; 1140799 |
| &nbsp;&nbsp;&nbsp; Camelot Return Merger Sub, Inc.144A | 8.75 | &nbsp;&nbsp; 8-1-2028 | 5000000 | &nbsp;&nbsp; 4425000 |
| &nbsp;&nbsp;&nbsp; EMRLD Borrower LP/Emerald Co-Issuer, Inc.144A | 6.63 | &nbsp;&nbsp; 12-15-2030 | 1080000 | &nbsp;&nbsp; 1090923 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc.144A | 6.38 | &nbsp;&nbsp; 3-1-2032 | 4850000 | &nbsp;&nbsp; 4928362 |
| &nbsp;&nbsp;&nbsp; Standard Industries, Inc.144A | 5.00 | &nbsp;&nbsp; 2-15-2027 | 795000 | &nbsp;&nbsp; 789585 |
|  |  |  |  | &nbsp;&nbsp; **12374669** |

---

See accompanying notes to portfolio of investments

16 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Electrical components & equipment: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; WESCO Distribution, Inc.144A | 6.63<br> %<br>| &nbsp;&nbsp; 3-15-2032 | $1670000 | &nbsp;&nbsp; **$1709629** |
| **Electronics: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sensata Technologies, Inc.144A | 6.63 | &nbsp;&nbsp; 7-15-2032 | 4125000 | &nbsp;&nbsp; **4161898** |
| **Environmental control: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Clean Harbors, Inc.144A | 6.38 | &nbsp;&nbsp; 2-1-2031 | 650000 | &nbsp;&nbsp; **661447** |
| **Machinery-diversified: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc.144A | 7.50 | &nbsp;&nbsp; 1-1-2030 | 920000 | &nbsp;&nbsp; **960297** |
| **Packaging & containers: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh Metal <br> Packaging Finance PLC144A<br>| 6.00 | &nbsp;&nbsp; 6-15-2027 | 6950000 | &nbsp;&nbsp; 6967118 |
| &nbsp;&nbsp;&nbsp; Ball Corp. | 2.88 | &nbsp;&nbsp; 8-15-2030 | 825000 | &nbsp;&nbsp; 731202 |
|  |  |  |  | &nbsp;&nbsp; **7698320** |
| **Transportation: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Genesee & Wyoming, Inc.144A | 6.25 | &nbsp;&nbsp; 4-15-2032 | 980000 | &nbsp;&nbsp; 995289 |
| &nbsp;&nbsp;&nbsp; United Parcel Service, Inc. | 5.95 | &nbsp;&nbsp; 5-14-2055 | 9955000 | &nbsp;&nbsp; 9907133 |
| &nbsp;&nbsp;&nbsp; United Parcel Service, Inc. | 6.05 | &nbsp;&nbsp; 5-14-2065 | 9990000 | &nbsp;&nbsp; 9927784 |
|  |  |  |  | &nbsp;&nbsp; **20830206** |
| **Trucking & leasing: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Transportation & Infrastructure <br> Investors LLC144A<br>| 7.00 | &nbsp;&nbsp; 6-15-2032 | 24680000 | &nbsp;&nbsp; 25229229 |
| &nbsp;&nbsp;&nbsp; GATX Corp. | 6.05 | &nbsp;&nbsp; 6-5-2054 | 3555000 | &nbsp;&nbsp; 3460435 |
|  |  |  |  | &nbsp;&nbsp; **28689664** |
| **Technology: 1.17%** |  |  |  |  |
| **Computers: 0.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Booz Allen Hamilton, Inc. | 5.95 | &nbsp;&nbsp; 4-15-2035 | 15260000 | &nbsp;&nbsp; 15100168 |
| &nbsp;&nbsp;&nbsp; Insight Enterprises, Inc.144A | 6.63 | &nbsp;&nbsp; 5-15-2032 | 750000 | &nbsp;&nbsp; 764201 |
| &nbsp;&nbsp;&nbsp; Kyndryl Holdings, Inc. | 2.05 | &nbsp;&nbsp; 10-15-2026 | 3938000 | &nbsp;&nbsp; 3797791 |
| &nbsp;&nbsp;&nbsp; NetApp, Inc. | 5.70 | &nbsp;&nbsp; 3-17-2035 | 20090000 | &nbsp;&nbsp; 20191073 |
| &nbsp;&nbsp;&nbsp; Seagate HDD Cayman | 9.63 | &nbsp;&nbsp; 12-1-2032 | 935000 | &nbsp;&nbsp; 1061249 |
|  |  |  |  | &nbsp;&nbsp; **40914482** |
| **Semiconductors: 0.60%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 4.75 | &nbsp;&nbsp; 4-15-2029 | 6995000 | &nbsp;&nbsp; 6791930 |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 5.95 | &nbsp;&nbsp; 6-15-2030 | 1225000 | &nbsp;&nbsp; 1225672 |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC144A | 6.20 | &nbsp;&nbsp; 1-25-2037 | 28905000 | &nbsp;&nbsp; 29540819 |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 2.80 | &nbsp;&nbsp; 8-12-2041 | 3490000 | &nbsp;&nbsp; 2275411 |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 3.25 | &nbsp;&nbsp; 11-15-2049 | 5915000 | &nbsp;&nbsp; 3602194 |
| &nbsp;&nbsp;&nbsp; Micron Technology, Inc. | 6.05 | &nbsp;&nbsp; 11-1-2035 | 14075000 | &nbsp;&nbsp; 14352471 |
|  |  |  |  | &nbsp;&nbsp; **57788497** |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 17

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Software: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc.144A | 8.25<br> %<br>| &nbsp;&nbsp; 6-30-2032 | $10000000 | &nbsp;&nbsp; $10514720 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 3.85 | &nbsp;&nbsp; 4-1-2060 | 4405000 | &nbsp;&nbsp; 2930908 |
|  |  |  |  | &nbsp;&nbsp; **13445628** |
| **Utilities: 1.75%** |  |  |  |  |
| **Electric: 1.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AES Corp. (5 Year Treasury Constant Maturity+3.20%)± | 7.60 | &nbsp;&nbsp; 1-15-2055 | 935000 | &nbsp;&nbsp; 942398 |
| &nbsp;&nbsp;&nbsp; Baltimore Gas & Electric Co. | 5.45 | &nbsp;&nbsp; 6-1-2035 | 8320000 | &nbsp;&nbsp; 8375761 |
| &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 | 9465000 | &nbsp;&nbsp; 9476066 |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | 3.10 | &nbsp;&nbsp; 6-15-2028 | 1600000 | &nbsp;&nbsp; 1829223 |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | 3.85 | &nbsp;&nbsp; 6-15-2034 | 7400000 | &nbsp;&nbsp; 8382266 |
| &nbsp;&nbsp;&nbsp; Duke Energy Indiana LLC | 5.40 | &nbsp;&nbsp; 4-1-2053 | 8165000 | &nbsp;&nbsp; 7533624 |
| &nbsp;&nbsp;&nbsp; Entergy Mississippi LLC | 5.80 | &nbsp;&nbsp; 4-15-2055 | 5970000 | &nbsp;&nbsp; 5772385 |
| &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 | 11345000 | &nbsp;&nbsp; 11598911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evergy, Inc. (5 Year Treasury Constant <br> Maturity+2.56%)±<br>| 6.65 | &nbsp;&nbsp; 6-1-2055 | 8790000 | &nbsp;&nbsp; 8700575 |
| &nbsp;&nbsp;&nbsp; Interstate Power & Light Co. | 5.60 | &nbsp;&nbsp; 6-29-2035 | 7680000 | &nbsp;&nbsp; 7725231 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. | 5.25 | &nbsp;&nbsp; 7-1-2030 | 1055000 | &nbsp;&nbsp; 1023626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PG&E Corp. (5 Year Treasury Constant <br> Maturity+3.88%)±<br>| 7.38 | &nbsp;&nbsp; 3-15-2055 | 17235000 | &nbsp;&nbsp; 16876772 |
| &nbsp;&nbsp;&nbsp; PSEG Power LLC144A | 5.75 | &nbsp;&nbsp; 5-15-2035 | 12505000 | &nbsp;&nbsp; 12594760 |
| &nbsp;&nbsp;&nbsp; Sempra (5 Year Treasury Constant Maturity+2.35%)± | 6.63 | &nbsp;&nbsp; 4-1-2055 | 10250000 | &nbsp;&nbsp; 9644938 |
| &nbsp;&nbsp;&nbsp; Southern California Edison Co. | 3.65 | &nbsp;&nbsp; 2-1-2050 | 1655000 | &nbsp;&nbsp; 1072052 |
| &nbsp;&nbsp;&nbsp; Southern California Edison Co. | 5.75 | &nbsp;&nbsp; 4-15-2054 | 9175000 | &nbsp;&nbsp; 8059734 |
| &nbsp;&nbsp;&nbsp; Southern California Edison Co. | 5.90 | &nbsp;&nbsp; 3-1-2055 | 14670000 | &nbsp;&nbsp; 13172716 |
| &nbsp;&nbsp;&nbsp; Southwestern Public Service Co. | 6.00 | &nbsp;&nbsp; 6-1-2054 | 5485000 | &nbsp;&nbsp; 5374402 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 3.70 | &nbsp;&nbsp; 1-30-2027 | 20190000 | &nbsp;&nbsp; 19812232 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 7.75 | &nbsp;&nbsp; 10-15-2031 | 1035000 | &nbsp;&nbsp; 1097450 |
|  |  |  |  | &nbsp;&nbsp; **159065122** |
| **Gas: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brooklyn Union Gas Co.144A | 6.39 | &nbsp;&nbsp; 9-15-2033 | 8755000 | &nbsp;&nbsp; **9146467** |
| **Total corporate bonds and notes (Cost $1,829,180,469)** |  |  |  | &nbsp;&nbsp; **1823479184** |
| **Foreign corporate bonds and notes: 3.25%** |  |  |  |  |
| **Communications: 0.72%** |  |  |  |  |
| **Internet: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; United Group BV144A | 6.50 | &nbsp;&nbsp; 10-31-2031 | 5000000 | &nbsp;&nbsp; **5846291** |
| **Media: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Tele Columbus AG (PIK at 10.00%)144A¥ | 10.00 | &nbsp;&nbsp; 1-1-2029 | 173494 | &nbsp;&nbsp; **151685** |
| **Telecommunications: 0.66%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; British Telecommunications PLC (UK Gilts 5 <br> Year+3.82%)±<br>| 8.38 | &nbsp;&nbsp; 12-20-2083 | 5000000 | &nbsp;&nbsp; 7198063 |
| &nbsp;&nbsp;&nbsp; Eutelsat SA | 1.50 | &nbsp;&nbsp; 10-13-2028 | 5600000 | &nbsp;&nbsp; 5470655 |

---

See accompanying notes to portfolio of investments

18 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Telecommunications**(continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Fibercop SpA | 1.63<br> %<br>| &nbsp;&nbsp; 1-18-2029 | EUR | 5824000 | &nbsp;&nbsp; $6148738 |
| &nbsp;&nbsp;&nbsp; Koninklijke KPN NV | 3.88 | &nbsp;&nbsp; 7-3-2031 | EUR | 4600000 | &nbsp;&nbsp; 5444054 |
| &nbsp;&nbsp;&nbsp; Lorca Telecom Bondco SA | 4.00 | &nbsp;&nbsp; 9-18-2027 | EUR | 5000000 | &nbsp;&nbsp; 5677251 |
| &nbsp;&nbsp;&nbsp; Tele2 AB | 0.75 | &nbsp;&nbsp; 3-23-2031 | EUR | 5400000 | &nbsp;&nbsp; 5456719 |
| &nbsp;&nbsp;&nbsp; Telecom Italia SpA | 1.63 | &nbsp;&nbsp; 1-18-2029 | EUR | 3376000 | &nbsp;&nbsp; 3639059 |
| &nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson | 1.00 | &nbsp;&nbsp; 5-26-2029 | EUR | 1550000 | &nbsp;&nbsp; 1623580 |
| &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 | EUR | 5000000 | &nbsp;&nbsp; 6020667 |
| &nbsp;&nbsp;&nbsp; VMED O2 U.K. Financing I PLC | 5.63 | &nbsp;&nbsp; 4-15-2032 | EUR | 5000000 | &nbsp;&nbsp; 5854784 |
| &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 | EUR | 4535000 | &nbsp;&nbsp; 4846747 |
| &nbsp;&nbsp;&nbsp; Zegona Finance PLC144A | 6.75 | &nbsp;&nbsp; 7-15-2029 | EUR | 5000000 | &nbsp;&nbsp; 6032079 |
|  |  |  |  |  | &nbsp;&nbsp; **63412396** |
| **Consumer, cyclical: 0.46%** |  |  |  |  |  |
| **Auto parts & equipment: 0.04%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Forvia SE | 7.25 | &nbsp;&nbsp; 6-15-2026 | EUR | 3262000 | &nbsp;&nbsp; **3775352** |
| **Entertainment: 0.23%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 888 Acquisitions Ltd.144A | 7.56 | &nbsp;&nbsp; 7-15-2027 | EUR | 5000000 | &nbsp;&nbsp; 5692012 |
| &nbsp;&nbsp;&nbsp; Banijay Entertainment SASU144A | 7.00 | &nbsp;&nbsp; 5-1-2029 | EUR | 5000000 | &nbsp;&nbsp; 5934146 |
| &nbsp;&nbsp;&nbsp; Cirsa Finance International Sarl144A | 10.38 | &nbsp;&nbsp; 11-30-2027 | EUR | 5188500 | &nbsp;&nbsp; 6214714 |
| &nbsp;&nbsp;&nbsp; Universal Music Group NV | 4.00 | &nbsp;&nbsp; 6-13-2031 | EUR | 3800000 | &nbsp;&nbsp; 4498424 |
|  |  |  |  |  | &nbsp;&nbsp; **22339296** |
| **Leisure time: 0.12%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TUI AG | 5.88 | &nbsp;&nbsp; 3-15-2029 | EUR | 5030000 | &nbsp;&nbsp; 5939767 |
| &nbsp;&nbsp;&nbsp; TUI Cruises GmbH144A | 5.00 | &nbsp;&nbsp; 5-15-2030 | EUR | 5000000 | &nbsp;&nbsp; 5707174 |
|  |  |  |  |  | &nbsp;&nbsp; **11646941** |
| **Lodging: 0.07%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AccorInvest Group SA | 5.50 | &nbsp;&nbsp; 11-15-2031 | EUR | 5400000 | &nbsp;&nbsp; **6187345** |
| **Consumer, non-cyclical: 0.59%** |  |  |  |  |  |
| **Agriculture: 0.06%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; BAT International Finance PLC | 2.25 | &nbsp;&nbsp; 1-16-2030 | EUR | 5250000 | &nbsp;&nbsp; **5754000** |
| **Beverages: 0.05%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev SA | 1.13 | &nbsp;&nbsp; 7-1-2027 | EUR | 4000000 | &nbsp;&nbsp; **4427647** |
| **Commercial services: 0.21%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nexi SpA | 2.13 | &nbsp;&nbsp; 4-30-2029 | EUR | 6000000 | &nbsp;&nbsp; 6555180 |
| &nbsp;&nbsp;&nbsp; Rentokil Initial Finance BV | 3.88 | &nbsp;&nbsp; 6-27-2027 | EUR | 3000000 | &nbsp;&nbsp; 3477356 |
| &nbsp;&nbsp;&nbsp; Transurban Finance Co. Pty. Ltd. | 4.23 | &nbsp;&nbsp; 4-26-2033 | EUR | 3000000 | &nbsp;&nbsp; 3559228 |
| &nbsp;&nbsp;&nbsp; Verisure Holding AB | 5.50 | &nbsp;&nbsp; 5-15-2030 | EUR | 5445000 | &nbsp;&nbsp; 6432683 |
| &nbsp;&nbsp;&nbsp; Verisure Holding AB144A | 9.25 | &nbsp;&nbsp; 10-15-2027 | EUR | 404000 | &nbsp;&nbsp; 479938 |
|  |  |  |  |  | &nbsp;&nbsp; **20504385** |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 19

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Food: 0.15%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Iceland Bondco PLC | 10.88<br> %<br>| &nbsp;&nbsp; 12-15-2027 | GBP | 5000000 | &nbsp;&nbsp; $7140958 |
| &nbsp;&nbsp;&nbsp; Market Bidco Finco PLC | 5.50 | &nbsp;&nbsp; 11-4-2027 | GBP | 5000000 | &nbsp;&nbsp; 6552746 |
| &nbsp;&nbsp;&nbsp; Sigma Holdco BV144A | 5.75 | &nbsp;&nbsp; 5-15-2026 | EUR | 409860 | &nbsp;&nbsp; 463685 |
|  |  |  |  |  | &nbsp;&nbsp; **14157389** |
| **Healthcare-services: 0.06%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ephios Subco 3 Sarl | 7.88 | &nbsp;&nbsp; 1-31-2031 | EUR | 5000000 | &nbsp;&nbsp; **6105896** |
| **Pharmaceuticals: 0.06%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayer AG (EUR Swap Annual (vs. 6 Month EURIBOR) 5 <br> Year+3.11%)±<br>| 3.13 | &nbsp;&nbsp; 11-12-2079 | EUR | 5000000 | &nbsp;&nbsp; **5485672** |
| **Energy: 0.07%** |  |  |  |  |  |
| **Oil & gas: 0.07%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aker BP ASA | 1.13 | &nbsp;&nbsp; 5-12-2029 | EUR | 1200000 | &nbsp;&nbsp; 1263347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repsol International Finance BV (EUR Swap Annual (vs. 6 <br> Month EURIBOR) 5 Year+2.77%)ʊ±<br>| 2.50 | &nbsp;&nbsp; 12-22-2026 | EUR | 500000 | &nbsp;&nbsp; 557245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wintershall Dea Finance 2 BV Series NC8 (EUR Swap <br> Annual (vs. 6 Month EURIBOR) 5 Year+3.32%)ʊ±<br>| 3.00 | &nbsp;&nbsp; 7-20-2028 | EUR | 5000000 | &nbsp;&nbsp; 5257588 |
|  |  |  |  |  | &nbsp;&nbsp; **7078180** |
| **Financial: 0.72%** |  |  |  |  |  |
| **Banks: 0.57%** |  |  |  |  |  |
| &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 | 4900000 | &nbsp;&nbsp; 5494577 |
| &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 | 5000000 | &nbsp;&nbsp; 5848420 |
| &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 | 2800000 | &nbsp;&nbsp; 3399853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Agricole SA (EURIBOR ICE Swap Rate <br> 11:00am+4.44%)ʊ±<br>| 7.25 | &nbsp;&nbsp; 9-23-2028 | EUR | 4700000 | &nbsp;&nbsp; 5701106 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (3 Month EURIBOR+1.50%)± | 4.13 | &nbsp;&nbsp; 4-4-2030 | EUR | 5000000 | &nbsp;&nbsp; 5851758 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (3 Month EURIBOR+2.95%)± | 5.00 | &nbsp;&nbsp; 9-5-2030 | EUR | 1500000 | &nbsp;&nbsp; 1814566 |
| &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 | 5800000 | &nbsp;&nbsp; 7237520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nykredit Realkredit AS (EUR Swap Annual (vs. 6 Month <br> EURIBOR) 5 Year+4.57%)ʊ±<br>| 4.13 | &nbsp;&nbsp; 4-15-2026 | EUR | 5400000 | &nbsp;&nbsp; 6097401 |
| &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 | 5900000 | &nbsp;&nbsp; 7187578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (EURIBOR ICE Swap Rate <br> 11:00am+4.95%)±<br>| 7.75 | &nbsp;&nbsp; 3-1-2029 | EUR | 4700000 | &nbsp;&nbsp; 6015179 |
|  |  |  |  |  | &nbsp;&nbsp; **54647958** |
| **Diversified financial services: 0.06%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sherwood Financing PLC | 4.50 | &nbsp;&nbsp; 11-15-2026 | EUR | 5000000 | &nbsp;&nbsp; **5649142** |
| **Insurance: 0.03%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AXA SA | 3.63 | &nbsp;&nbsp; 1-10-2033 | EUR | 2950000 | &nbsp;&nbsp; **3483329** |

---

See accompanying notes to portfolio of investments

20 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Real estate: 0.06%** |  |  |  |  |  |
| &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<br> %<br>| &nbsp;&nbsp; 12-2-2026 | EUR | 5000000 | &nbsp;&nbsp; **$5513110** |
| **Government securities: 0.10%** |  |  |  |  |  |
| **Multi-national: 0.10%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Banque Ouest Africaine de Developpement | 2.75 | &nbsp;&nbsp; 1-22-2033 | EUR | 10350000 | &nbsp;&nbsp; **9894449** |
| **Industrial: 0.16%** |  |  |  |  |  |
| **Engineering & construction: 0.05%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Infrastrutture Wireless Italiane SpA | 1.75 | &nbsp;&nbsp; 4-19-2031 | EUR | 4800000 | &nbsp;&nbsp; **5042203** |
| **Machinery-diversified: 0.05%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nova Alexandre III SAS (3 Month <br> EURIBOR+5.25%)144A±<br>| 7.53 | &nbsp;&nbsp; 7-15-2029 | EUR | 3625000 | &nbsp;&nbsp; **4173905** |
| **Packaging & containers: 0.06%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; OI European Group BV | 6.25 | &nbsp;&nbsp; 5-15-2028 | EUR | 5000000 | &nbsp;&nbsp; **5868279** |
| **Technology: 0.13%** |  |  |  |  |  |
| **Computers: 0.13%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Almaviva-The Italian Innovation Co. SpA144A | 5.00 | &nbsp;&nbsp; 10-30-2030 | EUR | 5000000 | &nbsp;&nbsp; 5826704 |
| &nbsp;&nbsp;&nbsp; Teleperformance SE | 5.75 | &nbsp;&nbsp; 11-22-2031 | EUR | 5300000 | &nbsp;&nbsp; 6519777 |
|  |  |  |  |  | &nbsp;&nbsp; **12346481** |
| **Utilities: 0.30%** |  |  |  |  |  |
| **Electric: 0.15%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Enel Finance International NVøø | 0.75 | &nbsp;&nbsp; 6-17-2030 | EUR | 1100000 | &nbsp;&nbsp; 1119632 |
| &nbsp;&nbsp;&nbsp; Enel Finance International NV | 4.00 | &nbsp;&nbsp; 2-20-2031 | EUR | 3000000 | &nbsp;&nbsp; 3558048 |
| &nbsp;&nbsp;&nbsp; Energia Group Roi Financeco DAC144A | 6.88 | &nbsp;&nbsp; 7-31-2028 | EUR | 3180000 | &nbsp;&nbsp; 3737555 |
| &nbsp;&nbsp;&nbsp; Vattenfall AB (UK Gilts 5 Year+1.90%)± | 2.50 | &nbsp;&nbsp; 6-29-2083 | GBP | 4713000 | &nbsp;&nbsp; 5731054 |
|  |  |  |  |  | &nbsp;&nbsp; **14146289** |
| **Gas: 0.09%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; APA Infrastructure Ltd. | 2.00 | &nbsp;&nbsp; 7-15-2030 | EUR | 8250000 | &nbsp;&nbsp; **8835243** |
| **Water: 0.06%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Holding d'Infrastructures des Metiers de <br> l'Environnement<br>| 4.88 | &nbsp;&nbsp; 10-24-2029 | EUR | 5000000 | &nbsp;&nbsp; **5877714** |
| &nbsp;&nbsp; **Total foreign corporate bonds and notes** <br> **(Cost $287,270,164)**<br>|  |  |  |  | &nbsp;&nbsp; **312350577** |
| **Foreign government bonds: 2.77%** |  |  |  |  |  |
| **Brazil: 0.78%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brazil | 10.00 | &nbsp;&nbsp; 1-1-2027 | BRL | 455000000 | &nbsp;&nbsp; **75247304** |
| **Colombia: 0.24%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Colombia TES | 7.75 | &nbsp;&nbsp; 9-18-2030 | COP | 110000000000 | &nbsp;&nbsp; **22874976** |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 21

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Principal | Value |
| **Indonesia: 0.23%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Indonesia | 6.88<br> %<br>| &nbsp;&nbsp; 4-15-2029 | IDR | 355000000000 | &nbsp;&nbsp; **$22058601** |
| **South Africa: 0.25%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Republic of South Africa | 8.00 | &nbsp;&nbsp; 1-31-2030 | ZAR | 446075000 | &nbsp;&nbsp; **24158602** |
| **United Kingdom: 1.27%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.K. Gilts | 3.25 | &nbsp;&nbsp; 1-31-2033 | GBP | 49015000 | &nbsp;&nbsp; 60993381 |
| &nbsp;&nbsp;&nbsp; U.K. Gilts | 4.13 | &nbsp;&nbsp; 7-22-2029 | GBP | 45660000 | &nbsp;&nbsp; 61593749 |
|  |  |  |  |  | &nbsp;&nbsp; **122587130** |
| **Total foreign government bonds (Cost $257,650,709)** |  |  |  |  | &nbsp;&nbsp; **266926613** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Investment companies: 0.21%** |  |  |
| **Exchange-traded funds: 0.21%** |  |  |
| &nbsp;&nbsp;&nbsp; SPDR Portfolio High Yield Bond ETF | 844925 | &nbsp;&nbsp; **19855737** |
| **Total investment companies (Cost $19,512,598)** |  | &nbsp;&nbsp; **19855737** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>| Principal |  |
| **Loans: 0.26%** |  |  |  |  |
| **Communications: 0.08%** |  |  |  |  |
| **Media: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC (U.S. SOFR 3 Month+5.00%)± | 9.54 | &nbsp;&nbsp; 8-2-2027 | $447771 | &nbsp;&nbsp; **449012** |
| **Telecommunications: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc. (U.S. SOFR 1 Month+2.35%)± | 6.79 | &nbsp;&nbsp; 4-15-2030 | 7580000 | &nbsp;&nbsp; **7496847** |
| **Consumer, cyclical: 0.02%** |  |  |  |  |
| **Airlines: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vista Management Holding, Inc. (U.S. SOFR 3 <br> Month+3.75%)±<br>| 8.05 | &nbsp;&nbsp; 4-1-2031 | 445000 | &nbsp;&nbsp; **444631** |
| **Retail: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., Inc. (U.S. SOFR 3 <br> Month+3.25%)±<br>| 7.81 | &nbsp;&nbsp; 3-3-2028 | 900000 | &nbsp;&nbsp; **832014** |
| **Consumer, non-cyclical: 0.06%** |  |  |  |  |
| **Healthcare-services: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Modivcare, Inc. (U.S. SOFR 3 Month+4.75%)± | 9.05 | &nbsp;&nbsp; 7-1-2031 | 7481058 | &nbsp;&nbsp; 5020613 |
| &nbsp;&nbsp;&nbsp; Modivcare, Inc. (U.S. SOFR 3 Month+7.50%)± | 11.71 | &nbsp;&nbsp; 1-9-2026 | 1294283 | &nbsp;&nbsp; 977183 |
|  |  |  |  | &nbsp;&nbsp; **5997796** |
| **Financial: 0.10%** |  |  |  |  |
| **Insurance: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Asurion LLC (U.S. SOFR 1 Month+3.25%)± | 7.69 | &nbsp;&nbsp; 12-23-2026 | 9829003 | &nbsp;&nbsp; **9816029** |
| **Total loans (Cost $27,630,906)** |  |  |  | &nbsp;&nbsp; **25036329** |

---

See accompanying notes to portfolio of investments

22 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Municipal obligations: 0.04%** |  |  |  |  |
| **Illinois: 0.02%** |  |  |  |  |
| **Housing revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority State of Illinois <br> McCormick Place Expansion Project Fund Series B <br> (AGM Insured)¤<br>| 0.00<br> %<br>| &nbsp;&nbsp; 6-15-2026 | $1975000 | &nbsp;&nbsp; **$1903631** |
| **Tax revenue: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority State of Illinois <br> McCormick Place Expansion Project Fund Series B <br> CAB¤<br>| 0.00 | &nbsp;&nbsp; 12-15-2051 | 765000 | &nbsp;&nbsp; **175495** |
|  |  |  |  | &nbsp;&nbsp; **2079126** |
| **Pennsylvania: 0.02%** |  |  |  |  |
| **Housing revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commonwealth Financing Authority Pennsylvania <br> Series A<br>| 4.14 | &nbsp;&nbsp; 6-1-2038 | 1995000 | &nbsp;&nbsp; **1803804** |
| **Total municipal obligations (Cost $3,993,825)** |  |  |  | &nbsp;&nbsp; **3882930** |
| **Non-agency mortgage-backed securities: 5.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1345 Trust Series 2025-AOA Class A (U.S. SOFR 1 <br> Month+1.60%)144A±%%<br>| 5.90 | &nbsp;&nbsp; 6-15-2030 | 2300000 | &nbsp;&nbsp; 2305045 |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust Series 2024-NQM4 Class A1144A | 5.46 | &nbsp;&nbsp; 8-25-2069 | 2848290 | &nbsp;&nbsp; 2845802 |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust Series 2024-NQM5 Class A1144A | 5.70 | &nbsp;&nbsp; 11-25-2069 | 1777958 | &nbsp;&nbsp; 1777344 |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust Series 2024-NQM6 Class A2144A±± | 5.92 | &nbsp;&nbsp; 1-25-2070 | 708774 | &nbsp;&nbsp; 710798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agate Bay Mortgage Trust Series 2015-3 <br> Class B3144A±±<br>| 3.46 | &nbsp;&nbsp; 4-25-2045 | 446902 | &nbsp;&nbsp; 374256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ajax Mortgage Loan Trust Series 2021-E <br> Class A1144A±±<br>| 1.74 | &nbsp;&nbsp; 12-25-2060 | 2691918 | &nbsp;&nbsp; 2344858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ALA Trust Series 2025-OANA Class A (U.S. SOFR 1 <br> Month+1.74%)144A±%%<br>| 6.04 | &nbsp;&nbsp; 6-15-2030 | 5000000 | &nbsp;&nbsp; 5020941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust Series 2020-4 <br> Class A1144A±±<br>| 1.47 | &nbsp;&nbsp; 6-25-2065 | 546932 | &nbsp;&nbsp; 518713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust Series 2024-10 <br> Class A1144A±±<br>| 5.35 | &nbsp;&nbsp; 10-25-2069 | 9870633 | &nbsp;&nbsp; 9825693 |
| &nbsp;&nbsp;&nbsp; BAHA Trust Series 2024-MAR Class B144A±± | 6.84 | &nbsp;&nbsp; 12-10-2041 | 20000000 | &nbsp;&nbsp; 20370066 |
| &nbsp;&nbsp;&nbsp; Bank Series 2022-BNK44 Class A5±± | 5.74 | &nbsp;&nbsp; 11-15-2055 | 1085000 | &nbsp;&nbsp; 1126985 |
| &nbsp;&nbsp;&nbsp; BBCMS Mortgage Trust Series 2024-5C25 Class AS±± | 6.36 | &nbsp;&nbsp; 3-15-2057 | 14415000 | &nbsp;&nbsp; 14947875 |
| &nbsp;&nbsp;&nbsp; Benchmark Mortgage Trust Series 2022-B33 Class A5 | 3.46 | &nbsp;&nbsp; 3-15-2055 | 14391000 | &nbsp;&nbsp; 12980502 |
| &nbsp;&nbsp;&nbsp; BMO Mortgage Trust Series 2024-C8 Class AS±± | 5.91 | &nbsp;&nbsp; 3-15-2057 | 10685000 | &nbsp;&nbsp; 10975706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BPR Trust Series 2022-OANA Class A (U.S. SOFR 1 <br> Month+1.90%)144A±<br>| 6.23 | &nbsp;&nbsp; 4-15-2037 | 5000000 | &nbsp;&nbsp; 4998437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bunker Hill Loan Depositary Trust Series 2019-3 <br> Class A1144A±±<br>| 2.72 | &nbsp;&nbsp; 11-25-2059 | 240815 | &nbsp;&nbsp; 237522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust Series 2023-VLT3 Class B <br> (U.S. SOFR 1 Month+2.69%)144A±<br>| 7.02 | &nbsp;&nbsp; 11-15-2028 | 13250000 | &nbsp;&nbsp; 13250000 |
| &nbsp;&nbsp;&nbsp; BX Trust Series 2019-OC11 Class A144A | 3.20 | &nbsp;&nbsp; 12-9-2041 | 4975000 | &nbsp;&nbsp; 4602244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2021-ARIA Class A (U.S. SOFR 1 <br> Month+1.01%)144A±<br>| 5.34 | &nbsp;&nbsp; 10-15-2036 | 5322000 | &nbsp;&nbsp; 5295390 |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 23

------

Portfolio of investments—May 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; BX Trust Series 2021-ARIA Class D (U.S. SOFR 1 <br> Month+2.01%)144A±<br>| 6.34<br> %<br>| &nbsp;&nbsp; 10-15-2036 | $9836000 | &nbsp;&nbsp; $9768377 |
| &nbsp;&nbsp;&nbsp; BX Trust Series 2022-CLS Class C144A | 6.79 | &nbsp;&nbsp; 10-13-2027 | 1000000 | &nbsp;&nbsp; 977996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2024-BIO Class C (U.S. SOFR 1 <br> Month+2.64%)144A±<br>| 6.97 | &nbsp;&nbsp; 2-15-2041 | 10995000 | &nbsp;&nbsp; 10912537 |
| &nbsp;&nbsp;&nbsp; CD Mortgage Trust Series 2017-CD6 Class A5 | 3.46 | &nbsp;&nbsp; 11-13-2050 | 1035000 | &nbsp;&nbsp; 1001049 |
| &nbsp;&nbsp;&nbsp; CFMT LLC Series 2025-AB3 Class A144A±± | 4.00 | &nbsp;&nbsp; 5-25-2055 | 2000000 | &nbsp;&nbsp; 1886105 |
| &nbsp;&nbsp;&nbsp; CHNGE Mortgage Trust Series 2022-1 Class A1144A±± | 3.01 | &nbsp;&nbsp; 1-25-2067 | 4873944 | &nbsp;&nbsp; 4589346 |
| &nbsp;&nbsp;&nbsp; CHNGE Mortgage Trust Series 2022-2 Class A1144A±± | 3.76 | &nbsp;&nbsp; 3-25-2067 | 1064437 | &nbsp;&nbsp; 1028570 |
| &nbsp;&nbsp;&nbsp; CHNGE Mortgage Trust Series 2023-3 Class A1144A±± | 7.10 | &nbsp;&nbsp; 7-25-2058 | 1109304 | &nbsp;&nbsp; 1118645 |
| &nbsp;&nbsp;&nbsp; CHNGE Mortgage Trust Series 2023-4 Class A1144A±± | 7.57 | &nbsp;&nbsp; 9-25-2058 | 3913176 | &nbsp;&nbsp; 3969426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COLT Mortgage Loan Trust Series 2022-7 <br> Class A1144A±±<br>| 5.16 | &nbsp;&nbsp; 4-25-2067 | 4572690 | &nbsp;&nbsp; 4544099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COMM Mortgage Trust Series 2024-277P <br> Class C144A±±<br>| 7.00 | &nbsp;&nbsp; 8-10-2044 | 5000000 | &nbsp;&nbsp; 5154354 |
| &nbsp;&nbsp;&nbsp; CRSO Trust Series 2023±± | 7.12 | &nbsp;&nbsp; 7-10-2040 | 17995000 | &nbsp;&nbsp; 18811699 |
| &nbsp;&nbsp;&nbsp; CSMC Trust Series 2013-IVR2 Class B4144A±± | 3.39 | &nbsp;&nbsp; 4-25-2043 | 435940 | &nbsp;&nbsp; 388488 |
| &nbsp;&nbsp;&nbsp; CSMC Trust Series 2014-IVR2 Class A2144A±± | 3.82 | &nbsp;&nbsp; 4-25-2044 | 1049785 | &nbsp;&nbsp; 986913 |
| &nbsp;&nbsp;&nbsp; CSMC Trust Series 2018-RPL9 Class A144A±± | 3.85 | &nbsp;&nbsp; 9-25-2057 | 1988184 | &nbsp;&nbsp; 1915445 |
| &nbsp;&nbsp;&nbsp; CSMC Trust Series 2021-AFC1 Class A2144A±± | 1.07 | &nbsp;&nbsp; 3-25-2056 | 4164852 | &nbsp;&nbsp; 3399632 |
| &nbsp;&nbsp;&nbsp; CSMLT Trust Series 2015-1 Class B4144A±± | 3.83 | &nbsp;&nbsp; 5-25-2045 | 2009758 | &nbsp;&nbsp; 1887638 |
| &nbsp;&nbsp;&nbsp; DBSG Mortgage Trust Series 2024-ALTA Class A144A±± | 5.95 | &nbsp;&nbsp; 6-10-2037 | 13810000 | &nbsp;&nbsp; 14017318 |
| &nbsp;&nbsp;&nbsp; DBSG Mortgage Trust Series 2024-ALTA Class B144A±± | 6.38 | &nbsp;&nbsp; 6-10-2037 | 3015000 | &nbsp;&nbsp; 3061575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deephaven Residential Mortgage Trust Series 2021-3 <br> Class A2144A±±<br>| 1.40 | &nbsp;&nbsp; 8-25-2066 | 2163628 | &nbsp;&nbsp; 1896237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance of America Structured Securities Trust <br> Series 2024-S2 Class A1144A±±<br>| 3.50 | &nbsp;&nbsp; 4-25-2074 | 24077977 | &nbsp;&nbsp; 23182007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance of America Structured Securities Trust <br> Series 2024-S4 Class A1144A<br>| 3.50 | &nbsp;&nbsp; 11-25-2074 | 11791884 | &nbsp;&nbsp; 11267474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Asset Securitization, Inc. Series 1997-NAM2 <br> Class B2†±±<br>| 8.00 | &nbsp;&nbsp; 7-25-2027 | 15908 | &nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Mortgage Trust Series 2024-<br> FBLU Class D (U.S. SOFR 1 Month+2.60%)144A±<br>| 6.93 | &nbsp;&nbsp; 12-15-2039 | 3175000 | &nbsp;&nbsp; 3155156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FREMF Mortgage Trust Series 2020-KF76 Class B (30 Day <br> Average U.S. SOFR+2.86%)144A±<br>| 7.22 | &nbsp;&nbsp; 1-25-2030 | 4173752 | &nbsp;&nbsp; 4072761 |
| &nbsp;&nbsp;&nbsp; GCAT Trust Series 2019-RPL1 Class A1144A±± | 2.65 | &nbsp;&nbsp; 10-25-2068 | 1162302 | &nbsp;&nbsp; 1122995 |
| &nbsp;&nbsp;&nbsp; GCAT Trust Series 2022-NQM3 Class A1144A±± | 4.35 | &nbsp;&nbsp; 4-25-2067 | 1003229 | &nbsp;&nbsp; 990696 |
| &nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust Series 2017-GS7 Class A3 | 3.17 | &nbsp;&nbsp; 8-10-2050 | 990000 | &nbsp;&nbsp; 960645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust Series 2019-GSA1 <br> Class C±±<br>| 3.80 | &nbsp;&nbsp; 11-10-2052 | 500000 | &nbsp;&nbsp; 451541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Corp. Trust Series 2019-<br> PJ2 Class A4144A±±<br>| 4.00 | &nbsp;&nbsp; 11-25-2049 | 140630 | &nbsp;&nbsp; 131503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust Series 2024-RPL2 <br> Class A1144A±±<br>| 3.75 | &nbsp;&nbsp; 7-25-2061 | 12213794 | &nbsp;&nbsp; 11812056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust Series 2024-RPL4 <br> Class A1144A±±<br>| 3.90 | &nbsp;&nbsp; 9-25-2061 | 476354 | &nbsp;&nbsp; 460833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvest Commercial Capital Loan Trust Series 2024-1 <br> Class A<br>| 6.16 | &nbsp;&nbsp; 10-25-2056 | 9571544 | &nbsp;&nbsp; 9831153 |

---

See accompanying notes to portfolio of investments

24 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 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; Imperial Fund Mortgage Trust Series 2020-NQM1 <br> Class A1144A±±<br>| 1.38<br> %<br>| &nbsp;&nbsp; 10-25-2055 | $542019 | &nbsp;&nbsp; $504867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Imperial Fund Mortgage Trust Series 2021-NQM1 <br> Class A1144A±±<br>| 1.07 | &nbsp;&nbsp; 6-25-2056 | 1124044 | &nbsp;&nbsp; 972372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Imperial Fund Mortgage Trust Series 2021-NQM2 <br> Class A2144A±±<br>| 1.36 | &nbsp;&nbsp; 9-25-2056 | 3583152 | &nbsp;&nbsp; 3026100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Imperial Fund Mortgage Trust Series 2022-NQM3 <br> Class A3144A±±<br>| 4.41 | &nbsp;&nbsp; 5-25-2067 | 17223000 | &nbsp;&nbsp; 14636660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMBB Commercial Mortgage Securities Trust <br> Series 2013-C15 Class D144A±±<br>| 4.61 | &nbsp;&nbsp; 11-15-2045 | 2711090 | &nbsp;&nbsp; 2302013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Mortgage Trust Series 2013-3 <br> Class B4144A±±<br>| 3.36 | &nbsp;&nbsp; 7-25-2043 | 3616907 | &nbsp;&nbsp; 2760339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Mortgage Trust Series 2014-2 <br> Class B4144A±±<br>| 3.41 | &nbsp;&nbsp; 6-25-2029 | 1215000 | &nbsp;&nbsp; 1134259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Mortgage Trust Series 2020-1 <br> Class A15144A±±<br>| 3.50 | &nbsp;&nbsp; 6-25-2050 | 998496 | &nbsp;&nbsp; 889313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Mortgage Trust Series 2025-CES1 <br> Class A3144A±±<br>| 6.07 | &nbsp;&nbsp; 5-25-2055 | 500000 | &nbsp;&nbsp; 503649 |
| &nbsp;&nbsp;&nbsp; MFA Trust Series 2020-NQM3 Class A1144A±± | 1.01 | &nbsp;&nbsp; 1-26-2065 | 529661 | &nbsp;&nbsp; 498607 |
| &nbsp;&nbsp;&nbsp; MFA Trust Series 2020-NQM3 Class M1144A±± | 2.65 | &nbsp;&nbsp; 1-26-2065 | 2650000 | &nbsp;&nbsp; 2414116 |
| &nbsp;&nbsp;&nbsp; MFA Trust Series 2021-NQM1 Class A1144A±± | 1.15 | &nbsp;&nbsp; 4-25-2065 | 1078880 | &nbsp;&nbsp; 1017937 |
| &nbsp;&nbsp;&nbsp; MFA Trust Series 2021-NQM1 Class A2144A±± | 1.38 | &nbsp;&nbsp; 4-25-2065 | 1741432 | &nbsp;&nbsp; 1642102 |
| &nbsp;&nbsp;&nbsp; MFA Trust Series 2022-NQM2 Class A1144A±± | 4.00 | &nbsp;&nbsp; 5-25-2067 | 5683768 | &nbsp;&nbsp; 5508613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mill City Mortgage Loan Trust Series 2019-GS1 <br> Class M2144A±±<br>| 3.25 | &nbsp;&nbsp; 7-25-2059 | 4592000 | &nbsp;&nbsp; 4092128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mill City Mortgage Loan Trust Series 2021-NMR1 <br> Class B2144A±±<br>| 2.50 | &nbsp;&nbsp; 11-25-2060 | 5731000 | &nbsp;&nbsp; 4286935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Bank of America Merrill Lynch Trust <br> Series 2016-C30 Class B±±<br>| 3.31 | &nbsp;&nbsp; 9-15-2049 | 4610000 | &nbsp;&nbsp; 4282971 |
| &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 | 6695000 | &nbsp;&nbsp; 5946640 |
| &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 | 10800000 | &nbsp;&nbsp; 9558804 |
| &nbsp;&nbsp;&nbsp; NYMT Loan Trust Series 2024-CP1 Class A1144A±± | 3.75 | &nbsp;&nbsp; 2-25-2068 | 2615857 | &nbsp;&nbsp; 2398495 |
| &nbsp;&nbsp;&nbsp; OBX Trust Series 2020-INV1 Class A21144A±± | 3.50 | &nbsp;&nbsp; 12-25-2049 | 1355537 | &nbsp;&nbsp; 1207432 |
| &nbsp;&nbsp;&nbsp; OBX Trust Series 2022-NQM7 Class A1144A±± | 5.11 | &nbsp;&nbsp; 8-25-2062 | 4140926 | &nbsp;&nbsp; 4113143 |
| &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>| 5.39 | &nbsp;&nbsp; 1-15-2036 | 8160000 | &nbsp;&nbsp; 7920300 |
| &nbsp;&nbsp;&nbsp; PRPM LLC Series 2024-2 Class A1144A±± | 7.03 | &nbsp;&nbsp; 3-25-2029 | 10850803 | &nbsp;&nbsp; 10852490 |
| &nbsp;&nbsp;&nbsp; PRPM LLC Series 2024-NQM3 Class A1144A±± | 5.23 | &nbsp;&nbsp; 8-25-2069 | 12586307 | &nbsp;&nbsp; 12507415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2023-CES2 <br> Class A1A144A±±<br>| 6.81 | &nbsp;&nbsp; 9-25-2043 | 7110296 | &nbsp;&nbsp; 7180499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2024-CES9 <br> Class A1A144A±±<br>| 5.58 | &nbsp;&nbsp; 12-25-2044 | 6848616 | &nbsp;&nbsp; 6870812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2025-CES1 <br> Class A1A144A±±<br>| 5.65 | &nbsp;&nbsp; 1-25-2045 | 474877 | &nbsp;&nbsp; 477771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential Mortgage Loan Trust Series 2020-1 <br> Class M1144A±±<br>| 3.24 | &nbsp;&nbsp; 1-26-2060 | 5000000 | &nbsp;&nbsp; 4839700 |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 25

------

Portfolio of investments—May 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; Residential Mortgage Loan Trust Series 2021-1R <br> Class A2144A±±<br>| 1.10<br> %<br>| &nbsp;&nbsp; 1-25-2065 | $396423 | &nbsp;&nbsp; $379318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust Series 2024-<br> CES1 Class A1144A±±<br>| 6.31 | &nbsp;&nbsp; 3-25-2054 | 5719723 | &nbsp;&nbsp; 5760572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SDAL Trust Series 2025-DAL Class B (U.S. SOFR 1 <br> Month+2.94%)144A±<br>| 7.27 | &nbsp;&nbsp; 4-15-2042 | 9875000 | &nbsp;&nbsp; 9932795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFAVE Commercial Mortgage Securities Trust <br> Series 2015-5AVE Class A2B144A±±<br>| 4.14 | &nbsp;&nbsp; 1-5-2043 | 3000000 | &nbsp;&nbsp; 2532319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFAVE Commercial Mortgage Securities Trust <br> Series 2015-5AVE Class D144A±±<br>| 4.39 | &nbsp;&nbsp; 1-5-2043 | 1927000 | &nbsp;&nbsp; 1470576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SG Residential Mortgage Trust Series 2021-1 <br> Class A2144A±±<br>| 1.36 | &nbsp;&nbsp; 7-25-2061 | 5216685 | &nbsp;&nbsp; 4285692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shellpoint Co-Originator Trust Series 2016-1 <br> Class B2144A±±<br>| 3.53 | &nbsp;&nbsp; 11-25-2046 | 3929994 | &nbsp;&nbsp; 3608171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SHR Trust Series 2024-LXRY Class A (U.S. SOFR 1 <br> Month+1.95%)144A±<br>| 6.28 | &nbsp;&nbsp; 10-15-2041 | 6460000 | &nbsp;&nbsp; 6468080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust Series 2021-6 <br> Class A1144A±±<br>| 1.92 | &nbsp;&nbsp; 11-25-2066 | 1687140 | &nbsp;&nbsp; 1482243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust Series 2025-DATA <br> Class C (U.S. SOFR 1 Month+2.09%)144A±<br>| 6.42 | &nbsp;&nbsp; 2-15-2042 | 7960000 | &nbsp;&nbsp; 7870380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust Series 2017-4 <br> Class A1144A±±<br>| 2.75 | &nbsp;&nbsp; 6-25-2057 | 395743 | &nbsp;&nbsp; 384677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust Series 2019-4 <br> Class M1144A±±<br>| 3.50 | &nbsp;&nbsp; 10-25-2059 | 4000000 | &nbsp;&nbsp; 3462067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust Series 2019-4 <br> Class M2144A±±<br>| 3.75 | &nbsp;&nbsp; 10-25-2059 | 3680000 | &nbsp;&nbsp; 3067497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust Series 2020-1 <br> Class A1144A±±<br>| 2.71 | &nbsp;&nbsp; 1-25-2060 | 5771802 | &nbsp;&nbsp; 5516247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust Series 2023-CES1 <br> Class A1A144A±±<br>| 6.75 | &nbsp;&nbsp; 7-25-2063 | 8474619 | &nbsp;&nbsp; 8538199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust Series 2024-CES6 <br> Class M1144A±±<br>| 6.10 | &nbsp;&nbsp; 11-25-2064 | 6375000 | &nbsp;&nbsp; 6466679 |
| &nbsp;&nbsp;&nbsp; TRK Trust Series 2021-INV1 Class A2144A±± | 1.41 | &nbsp;&nbsp; 7-25-2056 | 1620352 | &nbsp;&nbsp; 1433833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Commercial Mortgage Trust Series 2017-C5 <br> Class A5<br>| 3.47 | &nbsp;&nbsp; 11-15-2050 | 1140000 | &nbsp;&nbsp; 1092046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Commercial Mortgage Trust Series 2018-NYCH <br> Class A (U.S. SOFR 1 Month+0.90%)144A±<br>| 5.23 | &nbsp;&nbsp; 2-15-2032 | 1967590 | &nbsp;&nbsp; 1967097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-R3 <br> Class A1144A±±<br>| 1.02 | &nbsp;&nbsp; 4-25-2064 | 6170746 | &nbsp;&nbsp; 5836638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2022-4 <br> Class A1144A±±<br>| 4.47 | &nbsp;&nbsp; 4-25-2067 | 3357259 | &nbsp;&nbsp; 3337688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2024-9 <br> Class M1144A±±<br>| 6.20 | &nbsp;&nbsp; 11-25-2069 | 1659000 | &nbsp;&nbsp; 1650840 |
| &nbsp;&nbsp; **Total non-agency mortgage-backed securities** <br> **(Cost $492,918,839)**<br>|  |  |  | &nbsp;&nbsp; **484152584** |
| **U.S. Treasury securities: 14.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 2.25 | &nbsp;&nbsp; 8-15-2049 | 70315000 | &nbsp;&nbsp; 43018498 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 2.88 | &nbsp;&nbsp; 5-15-2043 | 45210000 | &nbsp;&nbsp; 34144146 |

---

See accompanying notes to portfolio of investments

26 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **U.S. Treasury securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 3.00<br> %<br>| &nbsp;&nbsp; 2-15-2049 | $32945000 | &nbsp;&nbsp; $23725548 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 3.13 | &nbsp;&nbsp; 5-15-2048 | 65580000 | &nbsp;&nbsp; 48641916 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 3.88 | &nbsp;&nbsp; 5-15-2043 | 42200000 | &nbsp;&nbsp; 36977750 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.13 | &nbsp;&nbsp; 8-15-2044 | 22960000 | &nbsp;&nbsp; 20632609 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.25 | &nbsp;&nbsp; 8-15-2054 | 37570000 | &nbsp;&nbsp; 33595798 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.38 | &nbsp;&nbsp; 8-15-2043 | 60825000 | &nbsp;&nbsp; 56890383 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.50 | &nbsp;&nbsp; 11-15-2054 | 8070000 | &nbsp;&nbsp; 7532841 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 5-15-2044 | 106485000 | &nbsp;&nbsp; 102516770 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 11-15-2044 | 19570000 | &nbsp;&nbsp; 18796373 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 5-15-2054 | 61480000 | &nbsp;&nbsp; 58480449 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 2-15-2055 | 59060000 | &nbsp;&nbsp; 56328475 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.75 | &nbsp;&nbsp; 2-15-2045 | 1330000 | &nbsp;&nbsp; 1298205 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.88 | &nbsp;&nbsp; 4-30-2030 | 218050000 | &nbsp;&nbsp; 217181206 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes## | 4.00 | &nbsp;&nbsp; 2-28-2030 | 228150000 | &nbsp;&nbsp; 228640167 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 4.00 | &nbsp;&nbsp; 3-31-2030 | 48260000 | &nbsp;&nbsp; 48342947 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 4.13 | &nbsp;&nbsp; 11-30-2031 | 48095000 | &nbsp;&nbsp; 48068698 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes%% | 4.13 | &nbsp;&nbsp; 5-31-2032 | 127765000 | &nbsp;&nbsp; 127265918 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 4.25 | &nbsp;&nbsp; 11-15-2034 | 3625000 | &nbsp;&nbsp; 3589316 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 4.25 | &nbsp;&nbsp; 5-15-2035 | 103215000 | &nbsp;&nbsp; 102053831 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 4.63 | &nbsp;&nbsp; 2-15-2035 | 87865000 | &nbsp;&nbsp; 89512469 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury STRIPS¤ | 0.00 | &nbsp;&nbsp; 5-15-2040 | 20515000 | &nbsp;&nbsp; 9707898 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury STRIPS¤ | 0.00 | &nbsp;&nbsp; 5-15-2044 | 12985000 | &nbsp;&nbsp; 4869359 |
| **Total U.S. Treasury securities (Cost $1,465,431,981)** |  |  |  | &nbsp;&nbsp; **1421811570** |
| **Yankee corporate bonds and notes: 9.25%** |  |  |  |  |
| **Basic materials: 0.36%** |  |  |  |  |
| **Chemicals: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Braskem Netherlands Finance BV144A | 7.25 | &nbsp;&nbsp; 2-13-2033 | 7175000 | &nbsp;&nbsp; 6242698 |
| &nbsp;&nbsp;&nbsp; Orbia Advance Corp. SAB de CV144A | 7.50 | &nbsp;&nbsp; 5-13-2035 | 5695000 | &nbsp;&nbsp; 5732018 |
|  |  |  |  | &nbsp;&nbsp; **11974716** |
| **Mining: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Glencore Finance Canada Ltd.144A | 6.90 | &nbsp;&nbsp; 11-15-2037 | 3145000 | &nbsp;&nbsp; 3400559 |
| &nbsp;&nbsp;&nbsp; Rio Tinto Finance USA PLC | 5.75 | &nbsp;&nbsp; 3-14-2055 | 19865000 | &nbsp;&nbsp; 19313313 |
|  |  |  |  | &nbsp;&nbsp; **22713872** |
| **Communications: 0.12%** |  |  |  |  |
| **Media: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virgin Media Secured Finance PLC144A | 4.50 | &nbsp;&nbsp; 8-15-2030 | 1385000 | &nbsp;&nbsp; **1278855** |
| **Telecommunications: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Colombia Telecomunicaciones SA ESP144A | 4.95 | &nbsp;&nbsp; 7-17-2030 | 4095000 | &nbsp;&nbsp; 3593559 |
| &nbsp;&nbsp;&nbsp; Nokia Oyj | 6.63 | &nbsp;&nbsp; 5-15-2039 | 4165000 | &nbsp;&nbsp; 4236138 |
| &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 | 1920000 | &nbsp;&nbsp; 1922785 |
|  |  |  |  | &nbsp;&nbsp; **9752482** |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 27

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Consumer, cyclical: 0.72%** |  |  |  |  |
| **Airlines: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Canada Pass-Through Trust Series 2020-1 <br> Class C144A<br>| 10.50<br> %<br>| &nbsp;&nbsp; 7-15-2026 | $4000000 | &nbsp;&nbsp; **$4210000** |
| **Auto manufacturers: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nissan Motor Co. Ltd.144A | 3.52 | &nbsp;&nbsp; 9-17-2025 | 10000000 | &nbsp;&nbsp; **9911466** |
| **Auto parts & equipment: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Magna International, Inc. | 5.88 | &nbsp;&nbsp; 6-1-2035 | 2395000 | &nbsp;&nbsp; **2413352** |
| **Leisure time: 0.55%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Carnival Corp.144A | 6.13 | &nbsp;&nbsp; 2-15-2033 | 27365000 | &nbsp;&nbsp; 27432576 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd.144A | 6.00 | &nbsp;&nbsp; 2-1-2033 | 23655000 | &nbsp;&nbsp; 23739909 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd.144A | 6.25 | &nbsp;&nbsp; 3-15-2032 | 1675000 | &nbsp;&nbsp; 1697612 |
|  |  |  |  | &nbsp;&nbsp; **52870097** |
| **Consumer, non-cyclical: 0.39%** |  |  |  |  |
| **Agriculture: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Japan Tobacco, Inc.144A | 5.85 | &nbsp;&nbsp; 6-15-2035 | 15405000 | &nbsp;&nbsp; 15883511 |
| &nbsp;&nbsp;&nbsp; Viterra Finance BV144A | 4.90 | &nbsp;&nbsp; 4-21-2027 | 7870000 | &nbsp;&nbsp; 7868045 |
|  |  |  |  | &nbsp;&nbsp; **23751556** |
| **Cosmetics/Personal Care: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Perrigo Finance Unlimited Co. | 4.90 | &nbsp;&nbsp; 12-15-2044 | 1500000 | &nbsp;&nbsp; 1159942 |
| &nbsp;&nbsp;&nbsp; Perrigo Finance Unlimited Co. | 6.13 | &nbsp;&nbsp; 9-30-2032 | 1025000 | &nbsp;&nbsp; 1023187 |
|  |  |  |  | &nbsp;&nbsp; **2183129** |
| **Pharmaceuticals: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Pfizer Investment Enterprises Pte. Ltd. | 5.30 | &nbsp;&nbsp; 5-19-2053 | 10275000 | &nbsp;&nbsp; 9417748 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV | 8.13 | &nbsp;&nbsp; 9-15-2031 | 2220000 | &nbsp;&nbsp; 2469528 |
|  |  |  |  | &nbsp;&nbsp; **11887276** |
| **Energy: 1.42%** |  |  |  |  |
| **Oil & gas: 1.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aker BP ASA144A | 5.13 | &nbsp;&nbsp; 10-1-2034 | 18005000 | &nbsp;&nbsp; 16886856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BP Capital Markets PLC (5 Year Treasury Constant <br> Maturity+2.15%)ʊ±<br>| 6.45 | &nbsp;&nbsp; 12-1-2033 | 10060000 | &nbsp;&nbsp; 10121215 |
| &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 | 25005000 | &nbsp;&nbsp; 23998461 |
| &nbsp;&nbsp;&nbsp; Eni SpA144A | 5.95 | &nbsp;&nbsp; 5-15-2054 | 17465000 | &nbsp;&nbsp; 16343761 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co.144A%% | 5.38 | &nbsp;&nbsp; 6-2-2035 | 9120000 | &nbsp;&nbsp; 9097838 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co.144A%% | 6.38 | &nbsp;&nbsp; 6-2-2055 | 10000000 | &nbsp;&nbsp; 9800000 |
| &nbsp;&nbsp;&nbsp; TotalEnergies Capital SA | 5.43 | &nbsp;&nbsp; 9-10-2064 | 17835000 | &nbsp;&nbsp; 16178750 |
| &nbsp;&nbsp;&nbsp; Var Energi ASA144A | 5.88 | &nbsp;&nbsp; 5-22-2030 | 5725000 | &nbsp;&nbsp; 5789566 |
| &nbsp;&nbsp;&nbsp; Var Energi ASA144A | 6.50 | &nbsp;&nbsp; 5-22-2035 | 5070000 | &nbsp;&nbsp; 5118165 |
|  |  |  |  | &nbsp;&nbsp; **113334612** |
| **Pipelines: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Enbridge, Inc. | 5.95 | &nbsp;&nbsp; 4-5-2054 | 10975000 | &nbsp;&nbsp; 10518563 |

---

See accompanying notes to portfolio of investments

28 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Pipelines**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. Series 20-A (5 Year Treasury Constant <br> Maturity+5.31%)±<br>| 5.75<br> %<br>| &nbsp;&nbsp; 7-15-2080 | $8705000 | &nbsp;&nbsp; $8409780 |
| &nbsp;&nbsp;&nbsp; Northriver Midstream Finance LP144A | 6.75 | &nbsp;&nbsp; 7-15-2032 | 4440000 | &nbsp;&nbsp; 4480541 |
|  |  |  |  | &nbsp;&nbsp; **23408884** |
| **Financial: 5.13%** |  |  |  |  |
| **Banks: 3.76%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AIB Group PLC (U.S. SOFR+1.65%)144A± | 5.32 | &nbsp;&nbsp; 5-15-2031 | 6800000 | &nbsp;&nbsp; 6859949 |
| &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 | 6100000 | &nbsp;&nbsp; 5978000 |
| &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 | 5000000 | &nbsp;&nbsp; 4961348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA (5 Year Treasury Constant <br> Maturity+4.64%)144Aʊ±<br>| 5.88 | &nbsp;&nbsp; 1-24-2027 | 9050000 | &nbsp;&nbsp; 8837584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Nacional de Comercio Exterior SNC (5 Year <br> Treasury Constant Maturity+2.00%)144A±<br>| 2.72 | &nbsp;&nbsp; 8-11-2031 | 3050000 | &nbsp;&nbsp; 2866771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Santander Mexico SA Institucion de Banca <br> Multiple Grupo Financiero Santand (5 Year Treasury <br> Constant Maturity+3.00%)144A±<br>| 7.53 | &nbsp;&nbsp; 10-1-2028 | 6900000 | &nbsp;&nbsp; 7242578 |
| &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 | 6040000 | &nbsp;&nbsp; 6332735 |
| &nbsp;&nbsp;&nbsp; Bank of Ireland Group PLC (U.S. SOFR+1.62%)144A± | 5.60 | &nbsp;&nbsp; 3-20-2030 | 5250000 | &nbsp;&nbsp; 5361170 |
| &nbsp;&nbsp;&nbsp; Banque Federative du Credit Mutuel SA144A | 5.19 | &nbsp;&nbsp; 2-16-2028 | 18705000 | &nbsp;&nbsp; 18942477 |
| &nbsp;&nbsp;&nbsp; Barclays PLC (U.S. SOFR+1.23%)± | 5.37 | &nbsp;&nbsp; 2-25-2031 | 23725000 | &nbsp;&nbsp; 23930192 |
| &nbsp;&nbsp;&nbsp; Barclays PLC (U.S. SOFR+1.59%)± | 5.79 | &nbsp;&nbsp; 2-25-2036 | 10355000 | &nbsp;&nbsp; 10377724 |
| &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 | &nbsp;&nbsp; 9-13-2034 | 3800000 | &nbsp;&nbsp; 3652190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas SA (5 Year Treasury Constant <br> Maturity+3.73%)144Aʊ±<br>| 8.00 | &nbsp;&nbsp; 8-22-2031 | 3145000 | &nbsp;&nbsp; 3288638 |
| &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 | 5220000 | &nbsp;&nbsp; 5430068 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA (U.S. SOFR+1.92%)144A± | 5.91 | &nbsp;&nbsp; 11-19-2035 | 19165000 | &nbsp;&nbsp; 19054822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia (1 Year Treasury <br> Constant Maturity+1.32%)144A±<br>| 5.93 | &nbsp;&nbsp; 3-14-2046 | 24890000 | &nbsp;&nbsp; 23887867 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA (U.S. SOFR+1.46%)144A± | 5.22 | &nbsp;&nbsp; 5-27-2031 | 12430000 | &nbsp;&nbsp; 12539113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Danske Bank AS (1 Year Treasury Constant <br> Maturity+1.40%)144A±<br>| 5.71 | &nbsp;&nbsp; 3-1-2030 | 14365000 | &nbsp;&nbsp; 14802293 |
| &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 | 24800000 | &nbsp;&nbsp; 24615100 |
| &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 | 8525000 | &nbsp;&nbsp; 8545008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury <br> Constant Maturity+1.27%)±<br>| 5.62 | &nbsp;&nbsp; 4-24-2036 | 12365000 | &nbsp;&nbsp; 12559330 |
| &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 | 16365000 | &nbsp;&nbsp; 14241885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NatWest Group PLC (1 Year Treasury Constant <br> Maturity+1.05%)±<br>| 5.12 | &nbsp;&nbsp; 5-23-2031 | 32310000 | &nbsp;&nbsp; 32435560 |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 29

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NatWest Group PLC (1 Year Treasury Constant <br> Maturity+1.50%)±<br>| 5.78<br> %<br>| &nbsp;&nbsp; 3-1-2035 | $25310000 | &nbsp;&nbsp; $25798620 |
| &nbsp;&nbsp;&nbsp; NatWest Markets PLC144A | 1.60 | &nbsp;&nbsp; 9-29-2026 | 4135000 | &nbsp;&nbsp; 3977960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (1 Year Treasury Constant <br> Maturity+0.85%)144A±<br>| 1.49 | &nbsp;&nbsp; 8-10-2027 | 16330000 | &nbsp;&nbsp; 15711090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG (1 Year Treasury Constant <br> Maturity+2.05%)144A±<br>| 4.70 | &nbsp;&nbsp; 8-5-2027 | 9625000 | &nbsp;&nbsp; 9617736 |
| &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 | 3940000 | &nbsp;&nbsp; 3795102 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (U.S. SOFR+1.73%)144A± | 3.09 | &nbsp;&nbsp; 5-14-2032 | 13985000 | &nbsp;&nbsp; 12519278 |
| &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 | 13035000 | &nbsp;&nbsp; 12996736 |
|  |  |  |  | &nbsp;&nbsp; **361158924** |
| **Diversified financial services: 0.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global Aviation <br> Trust<br>| 2.45 | &nbsp;&nbsp; 10-29-2026 | 6925000 | &nbsp;&nbsp; 6711672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global Aviation Trust <br> (5 Year Treasury Constant Maturity+2.72%)±<br>| 6.95 | &nbsp;&nbsp; 3-10-2055 | 6870000 | &nbsp;&nbsp; 7046604 |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd.144A | 2.75 | &nbsp;&nbsp; 2-21-2028 | 4810000 | &nbsp;&nbsp; 4520543 |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd.144A | 4.25 | &nbsp;&nbsp; 4-15-2026 | 4830000 | &nbsp;&nbsp; 4794716 |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd.144A | 4.95 | &nbsp;&nbsp; 1-15-2028 | 6875000 | &nbsp;&nbsp; 6855299 |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd.144A | 5.75 | &nbsp;&nbsp; 3-1-2029 | 6290000 | &nbsp;&nbsp; 6404260 |
| &nbsp;&nbsp;&nbsp; Macquarie AirFinance Holdings Ltd.144A | 6.50 | &nbsp;&nbsp; 3-26-2031 | 610000 | &nbsp;&nbsp; 633983 |
| &nbsp;&nbsp;&nbsp; Unifin Financiera SAB de CV144A | 9.88 | &nbsp;&nbsp; 1-28-2029 | 2350000 | &nbsp;&nbsp; 117500 |
|  |  |  |  | &nbsp;&nbsp; **37084577** |
| **Insurance: 0.98%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allianz SE (5 Year Treasury Constant <br> Maturity+3.23%)144A±<br>| 6.35 | &nbsp;&nbsp; 9-6-2053 | 21185000 | &nbsp;&nbsp; 21795255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dai-ichi Life Insurance Co. Ltd. (5 Year Treasury Constant <br> Maturity+2.52%)144Aʊ±<br>| 6.20 | &nbsp;&nbsp; 1-16-2035 | 27415000 | &nbsp;&nbsp; 27211401 |
| &nbsp;&nbsp;&nbsp; Intact Financial Corp.144A | 5.46 | &nbsp;&nbsp; 9-22-2032 | 20414000 | &nbsp;&nbsp; 20407026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meiji Yasuda Life Insurance Co. (5 Year Treasury Constant <br> Maturity+2.91%)144A±<br>| 6.10 | &nbsp;&nbsp; 6-11-2055 | 11530000 | &nbsp;&nbsp; 11323725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nippon Life Insurance Co. (5 Year Treasury Constant <br> Maturity+2.60%)144A±<br>| 2.90 | &nbsp;&nbsp; 9-16-2051 | 2200000 | &nbsp;&nbsp; 1876918 |
| &nbsp;&nbsp;&nbsp; RenaissanceRe Holdings Ltd. | 5.75 | &nbsp;&nbsp; 6-5-2033 | 6065000 | &nbsp;&nbsp; 6156269 |
| &nbsp;&nbsp;&nbsp; RenaissanceRe Holdings Ltd. | 5.80 | &nbsp;&nbsp; 4-1-2035 | 5790000 | &nbsp;&nbsp; 5833532 |
|  |  |  |  | &nbsp;&nbsp; **94604126** |
| **Government securities: 0.28%** |  |  |  |  |
| **Multi-national: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; African Export-Import Bank144A | 3.80 | &nbsp;&nbsp; 5-17-2031 | 14800000 | &nbsp;&nbsp; 12997952 |
| &nbsp;&nbsp;&nbsp; Banque Ouest Africaine de Developpement144A | 4.70 | &nbsp;&nbsp; 10-22-2031 | 7205000 | &nbsp;&nbsp; 6517600 |
| &nbsp;&nbsp;&nbsp; Banque Ouest Africaine de Developpement144A | 5.00 | &nbsp;&nbsp; 7-27-2027 | 7760000 | &nbsp;&nbsp; 7580921 |
|  |  |  |  | &nbsp;&nbsp; **27096473** |

---

See accompanying notes to portfolio of investments

30 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Industrial: 0.10%** |  |  |  |  |
| **Electronics: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sensata Technologies BV144A | 5.88<br> %<br>| &nbsp;&nbsp; 9-1-2030 | $860000 | &nbsp;&nbsp; **$850503** |
| **Engineering & construction: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CIMIC Finance USA Pty. Ltd.144A | 7.00 | &nbsp;&nbsp; 3-25-2034 | 3540000 | &nbsp;&nbsp; **3707445** |
| **Trucking & leasing: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; SMBC Aviation Capital Finance DAC144A | 5.45 | &nbsp;&nbsp; 5-3-2028 | 5140000 | &nbsp;&nbsp; **5230362** |
| **Utilities: 0.73%** |  |  |  |  |
| **Electric: 0.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad144A | 3.35 | &nbsp;&nbsp; 2-9-2031 | 17085000 | &nbsp;&nbsp; 14741577 |
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad144A | 3.88 | &nbsp;&nbsp; 7-26-2033 | 11350000 | &nbsp;&nbsp; 9425476 |
| &nbsp;&nbsp;&nbsp; Electricite de France SA144A | 5.75 | &nbsp;&nbsp; 1-13-2035 | 24445000 | &nbsp;&nbsp; 24691695 |
| &nbsp;&nbsp;&nbsp; Emera, Inc. Series 16-A (3 Month LIBOR+5.44%)± | 6.75 | &nbsp;&nbsp; 6-15-2076 | 21215000 | &nbsp;&nbsp; 21319208 |
|  |  |  |  | &nbsp;&nbsp; **70177956** |
| &nbsp;&nbsp; **Total yankee corporate bonds and notes** <br> **(Cost $896,974,165)**<br>|  |  |  | &nbsp;&nbsp; **889600663** |
| **Yankee government bonds: 1.02%** |  |  |  |  |
| **Argentina: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Argentinaøø | 0.75 | &nbsp;&nbsp; 7-9-2030 | 1499503 | &nbsp;&nbsp; 1174111 |
| &nbsp;&nbsp;&nbsp; Argentina | 1.00 | &nbsp;&nbsp; 7-9-2029 | 185679 | &nbsp;&nbsp; 152936 |
| &nbsp;&nbsp;&nbsp; Argentinaøø | 4.13 | &nbsp;&nbsp; 7-9-2035 | 1817118 | &nbsp;&nbsp; 1220195 |
| &nbsp;&nbsp;&nbsp; Provincia de Cordoba144Aøø | 6.88 | &nbsp;&nbsp; 12-10-2025 | 593782 | &nbsp;&nbsp; 597323 |
|  |  |  |  | &nbsp;&nbsp; **3144565** |
| **Bermuda: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bermuda144A | 3.38 | &nbsp;&nbsp; 8-20-2050 | 7259000 | &nbsp;&nbsp; **4612877** |
| **Colombia: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Colombia | 8.00 | &nbsp;&nbsp; 11-14-2035 | 10500000 | &nbsp;&nbsp; **10498005** |
| **Dominican Republic: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dominican Republic144A | 4.50 | &nbsp;&nbsp; 1-30-2030 | 1000000 | &nbsp;&nbsp; 937900 |
| &nbsp;&nbsp;&nbsp; Dominican Republic144A | 4.88 | &nbsp;&nbsp; 9-23-2032 | 3300000 | &nbsp;&nbsp; 3005970 |
| &nbsp;&nbsp;&nbsp; Dominican Republic144A | 7.05 | &nbsp;&nbsp; 2-3-2031 | 1665000 | &nbsp;&nbsp; 1726189 |
|  |  |  |  | &nbsp;&nbsp; **5670059** |
| **Israel: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Israel | 5.75 | &nbsp;&nbsp; 3-12-2054 | 16120000 | &nbsp;&nbsp; **14293926** |
| **Ivory Coast: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ivory Coast144A | 8.25 | &nbsp;&nbsp; 1-30-2037 | 9720000 | &nbsp;&nbsp; **9161975** |
| **Mexico: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mexico | 6.00 | &nbsp;&nbsp; 5-7-2036 | 8495000 | &nbsp;&nbsp; 8128441 |
| &nbsp;&nbsp;&nbsp; Mexico | 6.35 | &nbsp;&nbsp; 2-9-2035 | 9090000 | &nbsp;&nbsp; 9054912 |
|  |  |  |  | &nbsp;&nbsp; **17183353** |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 31

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Oman: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Oman144A | 6.25<br> %<br>| &nbsp;&nbsp; 1-25-2031 | $1700000 | &nbsp;&nbsp; **$1776619** |
| **Panama: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Panama | 4.50 | &nbsp;&nbsp; 5-15-2047 | 7515000 | &nbsp;&nbsp; 4913683 |
| &nbsp;&nbsp;&nbsp; Panama | 4.50 | &nbsp;&nbsp; 1-19-2063 | 29675000 | &nbsp;&nbsp; 17845061 |
| &nbsp;&nbsp;&nbsp; Panama | 6.40 | &nbsp;&nbsp; 2-14-2035 | 9110000 | &nbsp;&nbsp; 8566133 |
|  |  |  |  | &nbsp;&nbsp; **31324877** |
| **Total yankee government bonds (Cost $102,311,292)** |  |  |  | &nbsp;&nbsp; **97666256** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 4.07%** |  |  |  |  |
| **Investment companies: 4.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select <br> Class♠∞##<br>|  | 4.23 | 391220297 | &nbsp;&nbsp; **391220297** |
| **Total short-term investments (Cost $391,220,297)** |  |  |  | &nbsp;&nbsp; **391220297** |
| **Total investments in securities (Cost $10,028,849,015)** | 103.19<br> %<br>|  |  | &nbsp;&nbsp; 9924645920 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | (3.19)<br>|  |  | &nbsp;&nbsp; (306496878)<br>|
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$9618149042** |

---

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

---

| |
|:---|
| 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>|
| The security is purchased on a when-issued basis. |
| Investment in an interest-only security that entitles holders to receive only the interest payments on the underlying mortgages. The principal amount shown is the <br> notional amount of the underlying mortgages. The rate represents the coupon rate.<br>|
| 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>|
| Security is valued using significant unobservable inputs. |
| The security is fair valued in accordance with procedures approved by Allspring Funds Management, LLC. |
| Non-income-earning security |
| The security is issued in zero coupon form with no periodic interest payments. |
| Security is perpetual in nature and has no stated maturity date. The date shown reflects the next call date. |
| ¥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>|
| 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. |
| All or a portion of this security is segregated as collateral for when-issued securities. |
| The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. |
| The rate represents the 7-day annualized yield at period end. |

---

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

See accompanying notes to portfolio of investments

32 \| Allspring Core Plus Bond Fund

------

Portfolio of investments—May 31, 2025 (unaudited)

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| AGM | Assured Guaranty Municipal |
| BDC | Business Development Company |
| BRL | Brazilian real |
| CAB | Capital appreciation bond |
| CLO | Collateralized loan obligation |
| COP | Colombian peso |
| 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 |
| IDR | Indonesian rupiah |
| LIBOR | London Interbank Offered Rate |
| NPFGC | National Public Finance Guarantee Corporation |
| RFUCCT1Y | Refinitiv USD IBOR Consumer Cash Fallbacks Term 1-year |
| SOFR | Secured Overnight Financing Rate |
| STRIPS | Separate trading of registered interest and principal securities |
| TVA | Tennessee Valley Authority |
| 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 <br> Fund Select Class<br>| $303365722 | $5021182814 | $(4933328239)<br>| $0 | $0 | $391220297 | 391220297 | $9497974 |

---

**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 | 25162800 | AUD | 40000000 | Morgan Stanley, Inc. | 6-30-2025 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $(631187)<br>|
| AUD | 40000000 | USD | 24088240 | Morgan Stanley, Inc. | 6-30-2025 | &nbsp;&nbsp;&nbsp; 1705747 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 77080313 | BRL | 446665000 | Morgan Stanley, Inc. | 6-30-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (524155)<br>|
| USD | 322931330 | EUR | 297547000 | Citibank N.A. | 6-30-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (15503969)<br>|
| EUR | 15300000 | USD | 16570458 | Citibank N.A. | 6-30-2025 | &nbsp;&nbsp;&nbsp; 832036 | &nbsp;&nbsp;&nbsp; 0 |
| EUR | 21000000 | USD | 24034605 | Citibank N.A. | 6-30-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (148828)<br>|
| USD | 143282081 | GBP | 110932500 | Citibank N.A. | 6-30-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (6201687)<br>|
| JPY | 3500000000 | USD | 24786472 | Citibank N.A. | 6-30-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (388813)<br>|
| USD | 23634954 | ZAR | 433195000 | Morgan Stanley, Inc. | 6-30-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (406907)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; **$2537783** | &nbsp;&nbsp;&nbsp; **$(23805546)**<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 Long Term U.S. Treasury Bond | &nbsp;&nbsp; 846 | &nbsp;&nbsp; 9-19-2025 | &nbsp;&nbsp; $97317960 | &nbsp;&nbsp; $98188875 | &nbsp;&nbsp; $870915 | &nbsp;&nbsp; $0 |

---

See accompanying notes to portfolio of investments

Allspring Core Plus Bond Fund \| 33

------

Portfolio of investments—May 31, 2025 (unaudited)

**Futures contracts** (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 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** (continued) |  |  |  |  |  |  |
| &nbsp;&nbsp; 2-Year U.S. Treasury Notes | &nbsp;&nbsp; 5540 | &nbsp;&nbsp; 9-30-2025 | &nbsp;&nbsp; $1148115911 | &nbsp;&nbsp; $1149203750 | &nbsp;&nbsp; $1087839 | &nbsp;&nbsp; $0 |
| &nbsp;&nbsp; 5-Year U.S. Treasury Notes | &nbsp;&nbsp; 5226 | &nbsp;&nbsp; 9-30-2025 | &nbsp;&nbsp; 563803937 | &nbsp;&nbsp; 565387875 | &nbsp;&nbsp; 1583938 | &nbsp;&nbsp; 0 |
| **Short** |  |  |  |  |  |  |
| &nbsp;&nbsp; 10-Year Euro BUND Index | &nbsp;&nbsp; (647)<br>| &nbsp;&nbsp; 6-6-2025 | &nbsp;&nbsp; (96530172)<br>| &nbsp;&nbsp; (96391619)<br>| &nbsp;&nbsp; 138553 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; 2-Year Euro SCHATZ | &nbsp;&nbsp; (357)<br>| &nbsp;&nbsp; 6-6-2025 | &nbsp;&nbsp; (43404919)<br>| &nbsp;&nbsp; (43512906)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (107987)<br>|
| &nbsp;&nbsp; 5-Year Euro-BOBL Futures | &nbsp;&nbsp; (647)<br>| &nbsp;&nbsp; 6-6-2025 | &nbsp;&nbsp; (87268478)<br>| &nbsp;&nbsp; (87524560)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (256082)<br>|
| &nbsp;&nbsp; Ultra 10-Year U.S. Treasury Notes | &nbsp;&nbsp; (802)<br>| &nbsp;&nbsp; 9-19-2025 | &nbsp;&nbsp; (90104668)<br>| &nbsp;&nbsp; (90262594)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (157926)<br>|
|  |  |  |  |  | &nbsp;&nbsp; **$3681245** | &nbsp;&nbsp; **$(521995)**<br>|

---

See accompanying notes to portfolio of investments

34 \| Allspring Core Plus Bond Fund

------

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.

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").

Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore may not fully reflect trading or events that occur after the close of the principal exchange in which the foreign securities are traded, but before the close of the New York Stock Exchange. If such trading or events are expected to materially affect the value of such securities, then fair value pricing procedures implemented by Allspring Funds Management are applied. These procedures take into account multiple factors including movements in U.S. securities markets after foreign exchanges close. Foreign securities that are fair valued under these procedures are categorized as Level 2 and the application of these procedures may result in transfers between Level 1 and Level 2. Depending on market activity, such fair valuations may be frequent. Such fair value pricing may result in net asset values that are higher or lower than net asset values based on the last reported sales price or latest quoted bid price. On May 31, 2025, such fair value pricing was not used in pricing foreign securities.

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.

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, 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

Allspring Core Plus Bond Fund \| 35

------

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

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 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.

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.

36 \| Allspring Core Plus Bond Fund

------

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

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; $3230157450 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $3230157450 |
| **Asset-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 952224711 | &nbsp;&nbsp;&nbsp;&nbsp; 6281019 | &nbsp;&nbsp;&nbsp;&nbsp; 958505730 |
| **Common stocks** |  |  |  |  |
| *Financials* | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1823479184 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1823479184 |
| **Foreign corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 312350577 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 312350577 |
| **Foreign government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 266926613 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 266926613 |
| **Investment companies** | &nbsp;&nbsp; 19855737 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 19855737 |
| **Loans** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 25036329 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 25036329 |
| **Municipal obligations** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 3882930 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 3882930 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 484152584 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 484152584 |
| **U.S. Treasury securities** | &nbsp;&nbsp; 1407234313 | &nbsp;&nbsp;&nbsp;&nbsp; 14577257 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1421811570 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 889600663 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 889600663 |
| **Yankee government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 97666256 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 97666256 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 391220297 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 391220297 |
|  | &nbsp;&nbsp; 1818310347 | &nbsp;&nbsp;&nbsp;&nbsp; 8100054554 | &nbsp;&nbsp;&nbsp;&nbsp; 6281019 | &nbsp;&nbsp;&nbsp;&nbsp; 9924645920 |
| **Forward foreign currency contracts** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 2537783 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 2537783 |
| **Futures contracts** | &nbsp;&nbsp; 3681245 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 3681245 |
| **Total assets** | &nbsp;&nbsp; **$1821991592** | &nbsp;&nbsp;&nbsp; **$8102592337** | &nbsp;&nbsp;&nbsp; **$6281019** | &nbsp;&nbsp;&nbsp; **$9930864948** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Forward foreign currency contracts** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $23805546 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $23805546 |
| **Futures contracts** | &nbsp;&nbsp; 521995 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 521995 |
| **Total liabilities** | &nbsp;&nbsp; **$521995** | &nbsp;&nbsp;&nbsp; **$23805546** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$24327541** |

---

Futures contracts and forward foreign currency 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 May 31, 2025, $21,686,000 was segregated as cash collateral for these open futures contracts. The Fund also had $22,410,000 segregated as cash collateral for open forward foreign currency contracts.

At May 31, 2025, the Fund had no material transfers into/out of Level 3.

Allspring Core Plus Bond Fund \| 37

------

## 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 Core Plus Bond Fund

- **b. EDGAR series identifier (if any):** S000007418

- **c. LEI of Series:** 549300CQQ2DZO0F86234

**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:** $9931839358.70

**Total Liabilities:** $317822721.99

**Net Assets:** $9614016636.71

**Delayed Delivery Securities:** $64501132.00

**Cash Not Reported:** $40391397.23

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -7587.90000000 | **1-Year:** -151300.49000000 | **5-Year:** -522530.70000000 | **10-Year:** -744350.69000000 | **30-Year:** -453183.16000000

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

- **3-Month:** -4514.33000000 | **1-Year:** -91468.28000000 | **5-Year:** -221611.47000000 | **10-Year:** -102257.60000000 | **30-Year:** -37875.14000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020360 | -0.33%               | -0.05%               | -0.53%               |
| Class ID C000092792 | -0.27%               | 0.10%                | -0.46%               |
| Class ID C000064985 | -0.25%               | 0.03%                | -0.44%               |
| Class ID C000176628 | -0.24%               | 0.13%                | -0.43%               |
| Class ID C000020358 | -0.27%               | 0.10%                | -0.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4794957.34              | $-42623549.07                              |
| Month 2  | $-31146304.30            | $13605317.25                               |
| Month 3  | $-17188769.56            | $-46840708.31                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Citibank NA                                                                         | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | XX        |            1 | NC      | $832036.17    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                              | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    228150000 | PA      | $228640166.59 | 2.38%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  1 | On Loan: No      |
| AFRICAN EXPORT-IMPORT BA                                                            | African Export-Import Bank/The                                                   | CUSIP: 00831TAC5<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | XX        |     14800000 | PA      | $12997952.00  | 0.14%             | 2031-05-17      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Gold Pool                                                            | CUSIP: 3128MJXK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       643053 | PA      | $585528.62    | 0.01%             | 2045-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140QGE60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8326711 | PA      | $6786136.85   | 0.07%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bastion Funding LLC                                                                 | Bastion Funding I LLC                                                            | CUSIP: 07030UAA0<br>LEI: 549300NX3WVP5ASDEU57 | Long             | ABS-O            | CORP              | US        |      8842836 | PA      | $8862113.28   | 0.09%             | 2038-04-25      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                            | Mars Inc                                                                         | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     14000000 | PA      | $13947485.44  | 0.15%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     10660000 | PA      | $8908429.07   | 0.09%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                       | Boeing Co/The                                                                    | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      6500000 | PA      | $6932307.72   | 0.07%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                                 | NatWest Markets PLC                                                              | CUSIP: 63906YAD0<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |      4135000 | PA      | $3977959.85   | 0.04%             | 2026-09-29      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                                                            | Octane Receivables Trust 2023-1                                                  | CUSIP: 67571BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       583639 | PA      | $584989.74    | 0.01%             | 2029-05-21      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RDV3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |      7247500 | PA      | $7223225.26   | 0.08%             | 2026-08-20      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-BUND FUTURE JUN25                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         -647 | NC      | $138552.39    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BRASKEM NETHERLANDS                                                                 | Braskem Netherlands Finance BV                                                   | CUSIP: 10554TAG0<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |      7175000 | PA      | $6242698.44   | 0.06%             | 2033-02-13      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XLVT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53085687 | PA      | $43259181.14  | 0.45%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                                                         | FIGRE Trust 2024-HE2                                                             | CUSIP: 316927AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6314325 | PA      | $6439050.78   | 0.07%             | 2054-05-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179UXV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       200826 | PA      | $191060.66    | 0.00%             | 2049-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                            | Enterprise Products Operating LLC                                                | CUSIP: 29379VCH4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     10505000 | PA      | $9801919.99   | 0.10%             | 2055-02-16      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Transurban Finance Co. Pty. Ltd.                                                    | Transurban Finance Co. Pty. Ltd.                                                 | CUSIP: 000000000<br>LEI: 54930081LPJMUMEA6E57 | Long             | DBT              | CORP              | AU        |      3000000 | PA      | $3559228.10   | 0.04%             | 2033-04-26      | Fixed         | 4.23%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                              | Santander Holdings USA Inc                                                       | CUSIP: 80282KBQ8<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     14505000 | PA      | $14655568.43  | 0.15%             | 2031-03-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                                                             | Blue Stream Issuer LLC                                                           | CUSIP: 09606BAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2350000 | PA      | $2363239.67   | 0.02%             | 2054-11-20      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                                                                 | Frontier Issuer LLC                                                              | CUSIP: 35910EAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12595000 | PA      | $12920246.98  | 0.13%             | 2054-06-20      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     13975000 | PA      | $14140709.82  | 0.15%             | 2030-01-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                                                                  | Aqua Finance Trust 2021-A                                                        | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2181914 | PA      | $1999266.78   | 0.02%             | 2046-07-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| RAIFFEISEN BANK INTL                                                                | Raiffeisen Bank International AG                                                 | CUSIP: 000000000<br>LEI: 9ZHRYM6F437SQJ6OUG95 | Long             | DBT              | CORP              | AT        |      5900000 | PA      | $7187577.72   | 0.07%             | 2032-12-20      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                                | Glencore Funding LLC                                                             | CUSIP: 378272BH0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |      3910000 | PA      | $2498730.15   | 0.03%             | 2051-09-23      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                              | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822DL5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |     12365000 | PA      | $12559330.32  | 0.13%             | 2036-04-24      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                                                             | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10250000 | PA      | $9782371.43   | 0.10%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XJGG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34857801 | PA      | $33066337.60  | 0.34%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179WNE4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     16953088 | PA      | $14209514.02  | 0.15%             | 2051-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                            | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAU5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |      6290000 | PA      | $6404259.55   | 0.07%             | 2029-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                                                                   | EUSHI Finance Inc                                                                | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11345000 | PA      | $11598910.97  | 0.12%             | 2054-12-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PDR4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      9360000 | PA      | $9466942.68   | 0.10%             | 2034-06-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                                       | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |       710000 | PA      | $730694.37    | 0.01%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CITADEL FINANCE LLC                                                                 | Citadel Finance LLC                                                              | CUSIP: 17287HAA8<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |      8215000 | PA      | $8092650.31   | 0.08%             | 2026-03-09      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                                                            | Omega Healthcare Investors Inc                                                   | CUSIP: 681936BL3<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              |  | US        |      8365000 | PA      | $7870606.33   | 0.08%             | 2029-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                                              | BP Capital Markets PLC                                                           | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |     25005000 | PA      | $23998461.23  | 0.25%             | 2030-03-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FEB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8989954 | PA      | $8483317.72   | 0.09%             | 2054-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                                                                | Lorca Telecom Bondco SA                                                          | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |      5000000 | PA      | $5677250.58   | 0.06%             | 2027-09-18      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED AUD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | AU        |            1 | NC      | $1705747.31   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418D4X7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    120474784 | PA      | $93762516.40  | 0.98%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES 2020-AA                                                             | Delta Air Lines 2020-1 Class AA Pass Through Trust                               | CUSIP: 247361ZV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2868890 | PA      | $2679339.49   | 0.03%             | 2028-06-10      | Fixed         | 2.00%                 | 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        |     12345000 | PA      | $11828808.64  | 0.12%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                        | Barclays PLC                                                                     | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     10355000 | PA      | $10377723.63  | 0.11%             | 2036-02-25      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                                 | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |      1340000 | PA      | $1332037.18   | 0.01%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Toorak Mortgage Corp.                                                               | TRK 2021-INV1 Trust                                                              | CUSIP: 89688WAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1620352 | PA      | $1433833.50   | 0.01%             | 2056-07-25      | Variable      | 1.41%                 | No            |                  2 | On Loan: No      |
| BANQUE OUEST AFRICAINE D                                                            | Banque Ouest Africaine de Developpement                                          | CUSIP: 000000000<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | XX        |     10350000 | PA      | $9894449.01   | 0.10%             | 2033-01-22      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| ACREC LLC                                                                           | Acrec 2025 Fl 3 LLC                                                              | CUSIP: 00112HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      9300000 | PA      | $9246819.07   | 0.10%             | 2042-08-18      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Brex Inc                                                                            | Brex Commercial Charge Card Master Trust                                         | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5040000 | PA      | $5080496.90   | 0.05%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179W7K8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      5329588 | PA      | $4646089.33   | 0.05%             | 2052-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36180AAG8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     70114114 | PA      | $70852087.73  | 0.74%             | 2054-09-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140EXJD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       136537 | PA      | $140802.28    | 0.00%             | 2046-05-01      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3138WEKT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        66001 | PA      | $60139.77     | 0.00%             | 2045-04-01      | Fixed         | 3.50%                 | 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        |     22600000 | PA      | $19509065.80  | 0.20%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                                                  | Dominican Republic International Bond                                            | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      3300000 | PA      | $3005970.00   | 0.03%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179TNS0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       603835 | PA      | $559290.17    | 0.01%             | 2047-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEA FINANCE LLC/WESTFIEL                                                            | WEA Finance LLC / Westfield UK & Europe Finance PLC                              | CUSIP: 92890HAD4<br>LEI: N/A                  | Long             | DBT              |  | US        |      9810000 | PA      | $7808244.78   | 0.08%             | 2044-09-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      1330000 | PA      | $1298204.69   | 0.01%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  1 | On Loan: No      |
| Credit Suisse Mortgage Trust                                                        | CSMC Trust 2013-IVR2                                                             | CUSIP: 12646WAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       435940 | PA      | $388488.41    | 0.00%             | 2043-04-25      | Variable      | 3.39%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                                                                 | LYB International Finance III LLC                                                | CUSIP: 50249AAP8<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |      7235000 | PA      | $7347378.14   | 0.08%             | 2035-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31411AKM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         1049 | PA      | $1092.17      | 0.00%             | 2036-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust                                                                | CHNGE Mortgage Trust 2023-3                                                      | CUSIP: 17030AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1109304 | PA      | $1118644.55   | 0.01%             | 2058-07-25      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                       | UBS Commercial Mortgage Trust 2017-C5                                            | CUSIP: 90276TAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1140000 | PA      | $1092046.36   | 0.01%             | 2050-11-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                                  | Credit Agricole SA                                                               | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |      4700000 | PA      | $5701106.38   | 0.06%             | 2028-09-23      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ICG US CLO Ltd                                                                      | ICG US CLO 2014-1 Ltd                                                            | CUSIP: 44928XBG8<br>LEI: 25490053S2JSJU63Y978 | Long             | ABS-CBDO         | CORP              | KY        |      4400000 | PA      | $4402310.09   | 0.05%             | 2034-10-20      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133A8B63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       625573 | PA      | $544550.61    | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      5720000 | PA      | $4922181.84   | 0.05%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140QPFL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4368110 | PA      | $3879821.90   | 0.04%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                             | Hyundai Capital America                                                          | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      3965000 | PA      | $3991482.63   | 0.04%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132E0M82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20598946 | PA      | $20482018.47  | 0.21%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140KSZZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23060547 | PA      | $17951434.30  | 0.19%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2020-1C PTT                                                              | Air Canada 2020-1 Class C Pass Through Trust                                     | CUSIP: 008911BD0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      4000000 | PA      | $4210000.00   | 0.04%             | 2026-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31412TQX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        69764 | PA      | $70492.58     | 0.00%             | 2038-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                                                         | FIGRE Trust 2025-HE1                                                             | CUSIP: 30191LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3226216 | PA      | $3255822.02   | 0.03%             | 2055-01-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XJHF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4248102 | PA      | $4117648.24   | 0.04%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XNG7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     12609403 | PA      | $12570961.66  | 0.13%             | 2052-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                                                           | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |      3262000 | PA      | $3775351.99   | 0.04%             | 2026-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                                   | NatWest Group PLC                                                                | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |     32310000 | PA      | $32435559.89  | 0.34%             | 2031-05-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                                                              | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co  | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       860000 | PA      | $876776.02    | 0.01%             | 2032-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| VITERRA FINANCE BV                                                                  | Viterra Finance BV                                                               | CUSIP: 92852LAC3<br>LEI: 213800HBZGEIZLKJBI17 | Long             | DBT              | CORP              | NL        |      7870000 | PA      | $7868044.86   | 0.08%             | 2027-04-21      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418ELN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13585966 | PA      | $12975853.22  | 0.13%             | 2037-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Provincia de Cordoba                                                                | Provincia de Cordoba                                                             | CUSIP: 74408DAC8<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |       593782 | PA      | $597323.06    | 0.01%             | 2025-12-10      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding                                                  | GRACIE POINT INTERNATIONAL FUNDING 2023-1                                        | CUSIP: 383931AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7076000 | PA      | $7075929.24   | 0.07%             | 2026-09-01      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| NUCOR CORP                                                                          | Nucor Corp                                                                       | CUSIP: 670346BA2<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |      7000000 | PA      | $6870658.06   | 0.07%             | 2035-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36202FHY5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       161227 | PA      | $161268.51    | 0.00%             | 2040-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XLQV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8132060 | PA      | $7466365.55   | 0.08%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      9175000 | PA      | $9320405.40   | 0.10%             | 2030-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179TG41<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       518946 | PA      | $466406.58    | 0.00%             | 2047-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140EWZG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       113203 | PA      | $105737.91    | 0.00%             | 2046-02-01      | Fixed         | 4.00%                 | 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        |       445000 | PA      | $444630.65    | 0.00%             | 2031-04-01      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWHM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7662079 | PA      | $6796775.30   | 0.07%             | 2053-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31402QY39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         8027 | PA      | $8178.43      | 0.00%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                         | BBCMS Mortgage Trust 2024-5C25                                                   | CUSIP: 05554VAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14415000 | PA      | $14947874.98  | 0.16%             | 2057-03-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                                | Las Vegas Sands Corp                                                             | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     10040000 | PA      | $10148791.63  | 0.11%             | 2030-06-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                                             | United Rentals North America Inc                                                 | CUSIP: 911363AM1<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |       550000 | PA      | $507480.11    | 0.01%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                                                                  | Kohl's Corp                                                                      | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |      3840000 | PA      | $2442521.24   | 0.03%             | 2031-05-01      | Fixed         | 5.13%                 | 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        |     15171882 | PA      | $14906597.01  | 0.16%             | 2062-05-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LLC                                                     | Cologix Data Centers US Issuer LLC                                               | CUSIP: 19521UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1400000 | PA      | $1334779.74   | 0.01%             | 2051-12-26      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| CITADEL FINANCE LLC                                                                 | Citadel Finance LLC                                                              | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |      8820000 | PA      | $8777957.88   | 0.09%             | 2030-02-10      | Fixed         | 5.90%                 | 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        |      6150599 | PA      | $6120585.07   | 0.06%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Educational Services of America Inc                                                 | Edsouth Indenture No 9 LLC                                                       | CUSIP: 281378AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       280181 | PA      | $277887.01    | 0.00%             | 2056-10-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Achieve Mortgage                                                                    | ACHM Trust 2025-HE1                                                              | CUSIP: 00449SAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15416097 | PA      | $15501470.16  | 0.16%             | 2055-03-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                                                               | Genesee & Wyoming Inc                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |       980000 | PA      | $995288.98    | 0.01%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      7235000 | PA      | $7306852.52   | 0.08%             | 2030-07-19      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                                                   | PRPM 2024-NQM3                                                                   | CUSIP: 69381FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12586307 | PA      | $12507414.94  | 0.13%             | 2069-08-25      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| DANAHER CORP                                                                        | Danaher Corp                                                                     | CUSIP: 235851AU6<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | DBT              | CORP              | US        |      2000000 | PA      | $2240438.37   | 0.02%             | 2030-03-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140KYEH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     70520373 | PA      | $54990222.12  | 0.57%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| REPSOL INTL FINANCE                                                                 | Repsol International Finance BV                                                  | CUSIP: 000000000<br>LEI: 5493002YCY6HTK0OUR29 | Long             | DBT              | CORP              | NL        |       500000 | PA      | $557244.85    | 0.01%             | 2026-12-22      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                            | Rogers Communications Inc                                                        | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |      1920000 | PA      | $1922784.60   | 0.02%             | 2055-04-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TUI CRUISES GMBH                                                                    | TUI Cruises GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SVD83QUUIZYY18 | Long             | DBT              | CORP              | DE        |      5000000 | PA      | $5707174.63   | 0.06%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                          | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |      4980000 | PA      | $5058892.81   | 0.05%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust 2022-2                                                         | CHNGE Mortgage Trust 2022-2                                                      | CUSIP: 12546YAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1064437 | PA      | $1028570.20   | 0.01%             | 2067-03-25      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                               | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      3575000 | PA      | $3747275.68   | 0.04%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                              | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    103215000 | PA      | $102053831.25 | 1.06%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  1 | On Loan: No      |
| Stack Infrastructure Issuer LLC                                                     | Stack Infrastructure Issuer LLC                                                  | CUSIP: 85236KAM4<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |      1500000 | PA      | $1517024.40   | 0.02%             | 2049-03-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust 2024-10                                                 | CUSIP: 034933AA9<br>LEI: 254900QN92XYN8GJBJ44 | Long             | ABS-MBS          | CORP              | US        |      9870633 | PA      | $9825693.52   | 0.10%             | 2069-10-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                                       | Modivcare Inc 2024 Term Loan B                                                   | CUSIP: 60783LAC4<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |      7481058 | PA      | $5020612.87   | 0.05%             | 2031-07-01      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                                        | Entegris Inc                                                                     | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |      1225000 | PA      | $1225672.53   | 0.01%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                                                  | BX Trust 2019-OC11                                                               | CUSIP: 05606FAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4975000 | PA      | $4602244.15   | 0.05%             | 2041-12-09      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| WINTERSHALL DEA FIN 2BV                                                             | Wintershall Dea Finance 2 BV                                                     | CUSIP: 000000000<br>LEI: 529900DV88FUQZSVVL48 | Long             | DBT              | CORP              | NL        |      5000000 | PA      | $5257588.21   | 0.05%             | 2028-07-20      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| MFRA Trust                                                                          | MFA 2021-NQM1 Trust                                                              | CUSIP: 55283FAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1741432 | PA      | $1642101.70   | 0.02%             | 2065-04-25      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                              | WESCO Distribution Inc                                                           | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |      1670000 | PA      | $1709629.38   | 0.02%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                                      | Var Energi ASA                                                                   | CUSIP: 92212WAF7<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |      5725000 | PA      | $5789565.63   | 0.06%             | 2030-05-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XQJA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14347583 | PA      | $12727629.74  | 0.13%             | 2052-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                                                     | Venture 44 CLO Ltd                                                               | CUSIP: 92332KAQ4<br>LEI: 5493005RF0X3GB54HH60 | Long             | ABS-CBDO         | CORP              | KY        |      4650000 | PA      | $4629098.25   | 0.05%             | 2034-10-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN PUBLIC SERV                                                            | Southwestern Public Service Co                                                   | CUSIP: 845743BX0<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |      5485000 | PA      | $5374402.49   | 0.06%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY INDIANA LLC                                                             | Duke Energy Indiana LLC                                                          | CUSIP: 26443TAD8<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |      8165000 | PA      | $7533624.07   | 0.08%             | 2053-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FEF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7418892 | PA      | $7181514.31   | 0.07%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sabra Health Care LP                                                                | Sabra Health Care LP                                                             | CUSIP: 14162VAB2<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              |  | US        |     12800000 | PA      | $12780797.44  | 0.13%             | 2026-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Blue Bridge Funding LLC                                                             | Blue Bridge Funding 2023-1 LLC                                                   | CUSIP: 09531MAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1168000 | PA      | $1186205.03   | 0.01%             | 2030-11-15      | Fixed         | 9.48%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                                | Saudi Arabian Oil Co                                                             | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     10000000 | PA      | $9800000.00   | 0.10%             | 2055-06-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2023-1 A PTT                                                             | United Airlines 2023-1 Class A Pass Through Trust                                | CUSIP: 90932LAJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2861165 | PA      | $2863956.24   | 0.03%             | 2036-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                                    | Deutsche Bank AG                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |      1500000 | PA      | $1814566.24   | 0.02%             | 2030-09-05      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                               | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |      4850000 | PA      | $4928361.45   | 0.05%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                            | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |      6925000 | PA      | $6711671.50   | 0.07%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| DI Issuer LLC                                                                       | DI Issuer LLC                                                                    | CUSIP: 23292FAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15500000 | PA      | $15353605.60  | 0.16%             | 2054-09-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                                                    | Planet Fitness Master Issuer LLC                                                 | CUSIP: 72703PAF0<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |     23059125 | PA      | $23328997.47  | 0.24%             | 2054-06-05      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                                                            | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |      5000000 | PA      | $5485671.75   | 0.06%             | 2079-11-12      | Fixed         | 3.13%                 | Yes           |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                                | Enel Finance International NV                                                    | CUSIP: 000000000<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |      1100000 | PA      | $1119632.31   | 0.01%             | 2030-06-17      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust                                             | Saluda Grade Alternative Mortgage Trust 2023-FIG4                                | CUSIP: 79581UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7893605 | PA      | $8151933.47   | 0.08%             | 2053-11-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140EBEL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       125762 | PA      | $129522.63    | 0.00%             | 2046-03-01      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                                                | Fannie Mae Trust 2003-W8                                                         | CUSIP: 31393CX81<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        48583 | PA      | $47343.53     | 0.00%             | 2042-11-25      | Variable      | 4.89%                 | 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        |      3050000 | PA      | $2866770.64   | 0.03%             | 2031-08-11      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                                            | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05973KAA5<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |      9050000 | PA      | $8837583.83   | 0.09%             | 2027-01-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                              | CUSIP: 91282CLZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     48095000 | PA      | $48068697.81  | 0.50%             | 2031-11-30      | Fixed         | 4.13%                 | No            |                  1 | On Loan: No      |
| TierPoint Issuer LLC                                                                | TierPoint Issuer LLC                                                             | CUSIP: 88651CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1300000 | PA      | $1309140.95   | 0.01%             | 2055-04-26      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                                    | Duke Energy Corp                                                                 | CUSIP: 000000000<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |      1600000 | PA      | $1829222.85   | 0.02%             | 2028-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CSMLT TRUST                                                                         | CSMLT 2015-1 Trust                                                               | CUSIP: 12592UAY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2009758 | PA      | $1887638.36   | 0.02%             | 2045-05-25      | Variable      | 3.83%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 3618N5A25<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9106064 | PA      | $8595443.83   | 0.09%             | 2054-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                                                            | SMBC Aviation Capital Finance DAC                                                | CUSIP: 78448TAH5<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |      5140000 | PA      | $5230361.61   | 0.05%             | 2028-05-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      8785000 | PA      | $8710547.13   | 0.09%             | 2035-07-23      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418ELU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14150493 | PA      | $12551157.28  | 0.13%             | 2052-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CINCINNATI FINL CORP                                                                | Cincinnati Financial Corp                                                        | CUSIP: 172062AE1<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | DBT              | CORP              | US        |      6850000 | PA      | $7218554.25   | 0.08%             | 2034-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Cogent IPv4 LLC                                                                     | Cogent Ipv4 LLC                                                                  | CUSIP: 19240JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8990000 | PA      | $9386985.81   | 0.10%             | 2054-05-25      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWDZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       473404 | PA      | $402945.85    | 0.00%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                                                 | Hotwire Funding LLC                                                              | CUSIP: 44148HAA1<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |     16750000 | PA      | $16831033.15  | 0.18%             | 2053-05-20      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| WENDYS FUNDING LLC                                                                  | Wendy's Funding LLC                                                              | CUSIP: 95058XAL2<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |       529372 | PA      | $462651.89    | 0.00%             | 2051-06-15      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2017-4                                                 | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       395743 | PA      | $384677.35    | 0.00%             | 2057-06-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Neighborly Issuer LLC                                                               | Neighborly Issuer LLC                                                            | CUSIP: 64016NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7680000 | PA      | $7129665.79   | 0.07%             | 2051-04-30      | Fixed         | 3.58%                 | 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        |     16853000 | PA      | $17543992.04  | 0.18%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                                           | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |      1055000 | PA      | $1023625.88   | 0.01%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Jimmy John's Funding LLC                                                            | Jimmy Johns Funding LLC                                                          | CUSIP: 47760QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2335825 | PA      | $2293595.62   | 0.02%             | 2047-07-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| VERISURE HOLDING AB                                                                 | Verisure Holding AB                                                              | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | DBT              | CORP              | SE        |       404000 | PA      | $479937.73    | 0.00%             | 2027-10-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US ULTRA BOND CBT SEP25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          846 | NC      | $870914.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                                         | MF1 2022-FL8 Ltd                                                                 | CUSIP: 55284JAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      8750000 | PA      | $8550935.14   | 0.09%             | 2037-02-19      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| COLOMBIA TELECOMUNICACIO                                                            | Colombia Telecomunicaciones SA ESP                                               | CUSIP: 19533PAC4<br>LEI: 549300CK4YN0V1C3MN55 | Long             | DBT              | CORP              | CO        |      4095000 | PA      | $3593559.47   | 0.04%             | 2030-07-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                                                      | Crockett Partners Equipment Co IIA LLC                                           | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12718788 | PA      | $12861069.17  | 0.13%             | 2031-01-20      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO                                                               | Brooklyn Union Gas Co/The                                                        | CUSIP: 114259AX2<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |      8755000 | PA      | $9146466.52   | 0.10%             | 2033-09-15      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                                      | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     15358000 | PA      | $15665160.00  | 0.16%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                        | Barclays PLC                                                                     | CUSIP: 06738ECY9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     23725000 | PA      | $23930192.31  | 0.25%             | 2031-02-25      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                                                            | Mill City Mortgage Loan Trust 2019-GS1                                           | CUSIP: 59981BAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4592000 | PA      | $4092128.20   | 0.04%             | 2059-07-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                       | UBS Commercial Mortgage Trust 2018-NYCH                                          | CUSIP: 90266HAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1967590 | PA      | $1967096.57   | 0.02%             | 2032-02-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV SA/                                                            | Anheuser-Busch InBev SA/NV                                                       | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | DBT              | CORP              | BE        |      4000000 | PA      | $4427646.85   | 0.05%             | 2027-07-01      | Fixed         | 1.13%                 | Yes           |                  2 | On Loan: No      |
| A&D Mortgage Trust                                                                  | A&D Mortgage Trust 2024-NQM4                                                     | CUSIP: 002939AC0<br>LEI: 98450000E04EA82B8915 | Long             | ABS-MBS          | CORP              | US        |      2848290 | PA      | $2845801.90   | 0.03%             | 2069-08-25      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                                      | ALLSPRING GOVERNMENT MONEY MAR                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    391220297 | NS      | $391220296.54 | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI HOLDINGS                                                                        | NMI Holdings Inc                                                                 | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |      6355000 | PA      | $6449849.90   | 0.07%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Net Lease Fund                                          | Oak Street Investment Grade Net Lease Fund Series 2020-1                         | CUSIP: 67181DAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3325000 | PA      | $3225123.65   | 0.03%             | 2050-11-20      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Financial Asset Securitization Inc.                                                 | Financial Asset Sec Inc Mort Part Securities Ser 1997-namc2                      | CUSIP: 31738VCB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        15908 | PA      | $2.48         | 0.00%             | 2027-07-25      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                        | UBS Group AG                                                                     | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     13985000 | PA      | $12519278.44  | 0.13%             | 2032-05-14      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                                                                 | LCM 37 Ltd                                                                       | CUSIP: 50204JAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3650000 | PA      | $3639692.40   | 0.04%             | 2034-04-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XGW21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22051294 | PA      | $17150075.43  | 0.18%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     65580000 | PA      | $48641915.63  | 0.51%             | 2048-05-15      | Fixed         | 3.13%                 | No            |                  1 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000000 | PA      | $3697968.00   | 0.04%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Universal Music Group NV                                                            | Universal Music Group NV                                                         | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | DBT              | CORP              | NL        |      3800000 | PA      | $4498424.03   | 0.05%             | 2031-06-13      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2023-CES1                                              | CUSIP: 89181XAM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8474619 | PA      | $8538198.54   | 0.09%             | 2063-07-25      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| UNUM GROUP                                                                          | Unum Group                                                                       | CUSIP: 91529YAS5<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |      5788000 | PA      | $4511476.63   | 0.05%             | 2041-08-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust 2022-1                                                         | CHNGE Mortgage Trust 2022-1                                                      | CUSIP: 17030JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4873944 | PA      | $4589346.41   | 0.05%             | 2067-01-25      | Variable      | 3.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XL6T0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32217564 | PA      | $25152441.01  | 0.26%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                                                  | Dominican Republic International Bond                                            | CUSIP: 25714PET1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      1665000 | PA      | $1726188.75   | 0.02%             | 2031-02-03      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                                                            | Vantage Data Centers Issuer LLC                                                  | CUSIP: 92212KAB2<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |      2340000 | PA      | $2316181.14   | 0.02%             | 2045-09-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| JACKSON FINANCIAL INC                                                               | Jackson Financial Inc                                                            | CUSIP: 46817MAN7<br>LEI: 213800WXW2KG1N4CO374 | Long             | DBT              | CORP              | US        |      9451000 | PA      | $6239354.66   | 0.06%             | 2051-11-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2021-ARIA                                                               | CUSIP: 05608RAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9836000 | PA      | $9768377.50   | 0.10%             | 2036-10-15      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                                                         | Aker BP ASA                                                                      | CUSIP: 00973RAN3<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |     18005000 | PA      | $16886855.65  | 0.18%             | 2034-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                                        | Comcast Corp                                                                     | CUSIP: 20030NEQ0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |      5000000 | PA      | $4989893.75   | 0.05%             | 2055-05-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                               | Mexico Government International Bonds                                            | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      8495000 | PA      | $8128440.75   | 0.08%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWFH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        98298 | PA      | $97607.88     | 0.00%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                                                                          | Hasbro Inc                                                                       | CUSIP: 418056BA4<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |     14940000 | PA      | $15139802.93  | 0.16%             | 2034-05-14      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                                                  | ADMT 2024-NQM6                                                                   | CUSIP: 00249YAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       708774 | PA      | $710797.89    | 0.01%             | 2070-01-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                                              | Service Experts Issuer 2021-1 LLC                                                | CUSIP: 81758VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2827359 | PA      | $2747657.59   | 0.03%             | 2032-02-02      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                                                             | Schlumberger Holdings Corp                                                       | CUSIP: 806851AP6<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |     11430000 | PA      | $11040890.34  | 0.11%             | 2033-05-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                                                                | FirstKey Homes 2021-SFR2 Trust                                                   | CUSIP: 33767TAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8675000 | PA      | $8290067.70   | 0.09%             | 2038-09-17      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through Securities                                            | Freddie Mac Structured Pass-Through Certificates                                 | CUSIP: 31392MH39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       745940 | PA      | $787630.43    | 0.01%             | 2042-02-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                                                       | Aircastle Ltd                                                                    | CUSIP: 00928QAY7<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |     15725000 | PA      | $16132468.40  | 0.17%             | 2029-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                                             | Colombia Government International Bonds                                          | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     10500000 | PA      | $10498005.00  | 0.11%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179W2W7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     13187482 | PA      | $11763543.32  | 0.12%             | 2052-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURA                                                            | MEIJI YASUDA LIFE INSURA                                                         | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |     11530000 | PA      | $11323724.84  | 0.12%             | 2055-06-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| AXA SA                                                                              | AXA SA                                                                           | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | DBT              | CORP              | FR        |      2950000 | PA      | $3483328.96   | 0.04%             | 2033-01-10      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140N4NE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9596397 | PA      | $9070422.30   | 0.09%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XX50<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      4670064 | PA      | $4550910.00   | 0.05%             | 2053-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                                                              | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |      1330000 | PA      | $1354460.03   | 0.01%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                                                              | Taco Bell Funding LLC                                                            | CUSIP: 87342RAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       491250 | PA      | $419508.78    | 0.00%             | 2051-08-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Achieve Mortgage                                                                    | FREED Mortgage Trust 2022-HE1                                                    | CUSIP: 35634KAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5972973 | PA      | $6060493.17   | 0.06%             | 2037-10-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38373MU99<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       258853 | PA      | $2768.90      | 0.00%             | 2050-02-16      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                               | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |       935000 | PA      | $963098.62    | 0.01%             | 2031-05-15      | Fixed         | 6.75%                 | 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        |      1240000 | PA      | $1253215.80   | 0.01%             | 2033-10-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| GCAT                                                                                | GCAT 2019-RPL1 Trust                                                             | CUSIP: 36167CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1162302 | PA      | $1122994.97   | 0.01%             | 2068-10-25      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                                                            | Octane Receivables Trust 2022-2                                                  | CUSIP: 67578XAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       353162 | PA      | $353252.09    | 0.00%             | 2028-02-22      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                              | UnitedHealth Group Inc                                                           | CUSIP: 91324PEW8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     10975000 | PA      | $9433021.83   | 0.10%             | 2053-04-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Tele2 AB                                                                            | Tele2 AB                                                                         | CUSIP: 000000000<br>LEI: 213800EKD193RVI9HL76 | Long             | DBT              | CORP              | SE        |      5400000 | PA      | $5456719.05   | 0.06%             | 2031-03-23      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                        | GS Mortgage Securities Trust 2019-GSA1                                           | CUSIP: 36261PAZ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       500000 | PA      | $451540.70    | 0.00%             | 2052-11-10      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                            | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBE2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     26460000 | PA      | $17152909.86  | 0.18%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XNCS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16001944 | PA      | $13059643.85  | 0.14%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                                              | Service Experts Issuer 2021-1 LLC                                                | CUSIP: 81758VAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6445000 | PA      | $6075448.86   | 0.06%             | 2032-02-02      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                                                   | PRPM 2024-2 LLC                                                                  | CUSIP: 74448BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10850803 | PA      | $10852490.35  | 0.11%             | 2029-03-25      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                                               | Micron Technology Inc                                                            | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |     14075000 | PA      | $14352470.61  | 0.15%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                                                         | MetLife Inc                                                                      | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |     12859000 | PA      | $12744030.25  | 0.13%             | 2025-09-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                                                                  | Koninklijke KPN NV                                                               | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | DBT              | CORP              | NL        |      4600000 | PA      | $5444054.41   | 0.06%             | 2031-07-03      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                                    | Deutsche Bank AG                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |      5000000 | PA      | $5851757.90   | 0.06%             | 2030-04-04      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| BANQUE OUEST AFRICAINE D                                                            | Banque Ouest Africaine de Developpement                                          | CUSIP: 06675QAB9<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | XX        |      7760000 | PA      | $7580921.39   | 0.08%             | 2027-07-27      | Fixed         | 5.00%                 | 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        |       500000 | PA      | $503648.60    | 0.01%             | 2055-05-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                                         | Ivory Coast Government International Bond                                        | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      9720000 | PA      | $9161974.80   | 0.10%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                                                          | Affirm Asset Securitization Trust 2024-B                                         | CUSIP: 00835AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2500000 | PA      | $2495372.00   | 0.03%             | 2029-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                                         | MF1 2022-FL8 Ltd                                                                 | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     10656726 | PA      | $10649672.70  | 0.11%             | 2037-02-19      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI                                                            | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4145000 | PA      | $4000221.37   | 0.04%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                                     | Danske Bank A/S                                                                  | CUSIP: 23636ABC4<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |     24800000 | PA      | $24615099.63  | 0.26%             | 2028-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Gold Pool                                                            | CUSIP: 3129406B0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       239307 | PA      | $242007.62    | 0.00%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     19570000 | PA      | $18796373.44  | 0.20%             | 2044-11-15      | Fixed         | 4.63%                 | No            |                  1 | On Loan: No      |
| The BAHA Trust                                                                      | BAHA Trust 2024-MAR                                                              | CUSIP: 05493XAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20000000 | PA      | $20370066.00  | 0.21%             | 2041-12-10      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XFF8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     18218123 | PA      | $16239637.76  | 0.17%             | 2052-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bojangles Issuer, LLC                                                               | Bojangles Issuer LLC                                                             | CUSIP: 09748RAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19200000 | PA      | $19350213.12  | 0.20%             | 2054-11-20      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                                                            | Macquarie Airfinance Holdings Ltd                                                | CUSIP: 55609NAD0<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |       610000 | PA      | $633983.37    | 0.01%             | 2031-03-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                                             | Sensata Technologies BV                                                          | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |       860000 | PA      | $850503.19    | 0.01%             | 2030-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWDX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7914748 | PA      | $6163266.85   | 0.06%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GATX CORP                                                                           | GATX Corp                                                                        | CUSIP: 361448BR3<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |      3555000 | PA      | $3460435.22   | 0.04%             | 2054-06-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                                                                 | LYB International Finance III LLC                                                | CUSIP: 50249AAM5<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |      4340000 | PA      | $4233646.30   | 0.04%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                                           | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     17235000 | PA      | $16876772.25  | 0.18%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NOVA ALEXANDRE III SAS                                                              | Nova Alexandre III SAS                                                           | CUSIP: 000000000<br>LEI: 969500J0AKOB1UHO6I65 | Long             | DBT              | CORP              | FR        |      3625000 | PA      | $4173904.80   | 0.04%             | 2029-07-15      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132D53P5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       239115 | PA      | $228011.81    | 0.00%             | 2034-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                              | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     10000000 | PA      | $10514720.00  | 0.11%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                                                            | BRSP 2021-FL1 Ltd                                                                | CUSIP: 05591XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2193037 | PA      | $2183270.71   | 0.02%             | 2038-08-19      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3138WGC36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1156400 | PA      | $1011975.41   | 0.01%             | 2045-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE                                                            | Northwestern Mutual Life Insurance Co/The                                        | CUSIP: 668138AF7<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |      6240000 | PA      | $6418289.78   | 0.07%             | 2055-05-29      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LLC                                                     | Domino's Pizza Master Issuer LLC                                                 | CUSIP: 25755TAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12057500 | PA      | $12019154.74  | 0.13%             | 2045-10-25      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                                                        | AES Corp/The                                                                     | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |       935000 | PA      | $942397.72    | 0.01%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| OMNIS FUNDING TRUST                                                                 | Omnis Funding Trust                                                              | CUSIP: 68218WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     19735000 | PA      | $19856747.39  | 0.21%             | 2055-05-15      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179W5D6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      4910752 | PA      | $4379491.80   | 0.05%             | 2052-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FF44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    191405465 | PA      | $189546728.49 | 1.97%             | 2055-01-01      | Fixed         | 5.50%                 | 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        |      2691918 | PA      | $2344857.58   | 0.02%             | 2060-12-25      | Variable      | 1.74%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2020-1                                                 | CUSIP: 89178WAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5771802 | PA      | $5516246.53   | 0.06%             | 2060-01-25      | Variable      | 2.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XKGS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37964893 | PA      | $37692014.23  | 0.39%             | 2053-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                       | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      1110000 | PA      | $1133870.55   | 0.01%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                                              | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 05533UAG3<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |      3800000 | PA      | $3652189.50   | 0.04%             | 2034-09-13      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                                                    | OneMain Financial Issuance Trust 2020-2                                          | CUSIP: 682696AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1220000 | PA      | $1186693.51   | 0.01%             | 2035-09-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                                               | Panama Government International Bonds                                            | CUSIP: 698299BS2<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     29675000 | PA      | $17845061.25  | 0.19%             | 2063-01-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWHD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14631542 | PA      | $13814572.67  | 0.14%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                               | Foundry JV Holdco LLC                                                            | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |     28905000 | PA      | $29540819.53  | 0.31%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132CXAW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12439410 | PA      | $11881003.23  | 0.12%             | 2038-07-01      | Fixed         | 3.50%                 | 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        |      3610000 | PA      | $3665899.05   | 0.04%             | 2055-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                             | Hyundai Capital America                                                          | CUSIP: 44891ACG0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      2285000 | PA      | $2305364.70   | 0.02%             | 2026-06-26      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| TRANSATLANTIC HOLDINGS                                                              | Transatlantic Holdings Inc                                                       | CUSIP: 893521AB0<br>LEI: RN37QJVS1BV19MNIC295 | Long             | DBT              | CORP              | US        |      6994000 | PA      | $8468806.74   | 0.09%             | 2039-11-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Gold Pool                                                            | CUSIP: 3128M7DM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        64198 | PA      | $64439.06     | 0.00%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                                                       | PRA Group Inc                                                                    | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |       970000 | PA      | $870143.35    | 0.01%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                                           | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30                      | CUSIP: 61766NBF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4610000 | PA      | $4282971.21   | 0.04%             | 2049-09-15      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140EU4V8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       687379 | PA      | $642191.89    | 0.01%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                                            | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |      1025000 | PA      | $981236.19    | 0.01%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418ESQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3702485 | PA      | $3284085.13   | 0.03%             | 2053-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWDJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28328175 | PA      | $23092164.39  | 0.24%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EKT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7127292 | PA      | $6736885.24   | 0.07%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae                                                                       | CUSIP: 21H052660<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     83430000 | PA      | $82827087.26  | 0.86%             | 2054-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through Securities                                            | Freddie Mac Structured Pass-Through Certificates                                 | CUSIP: 31394PPV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       100065 | PA      | $82205.16     | 0.00%             | 2043-10-25      | Variable      | 4.03%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                                                  | A&D Mortgage Trust 2024-NQM5                                                     | CUSIP: 00039KAC4<br>LEI: 9845006Z1DC68561N347 | Long             | ABS-MBS          | CORP              | US        |      1777958 | PA      | $1777343.73   | 0.02%             | 2069-11-25      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                         | BNP Paribas SA                                                                   | CUSIP: 09659T2D2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |     19165000 | PA      | $19054822.14  | 0.20%             | 2035-11-19      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                            | Brandywine Operating Partnership LP                                              | CUSIP: 105340AR4<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |      7370000 | PA      | $7726737.48   | 0.08%             | 2028-03-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140HTBW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       898697 | PA      | $873940.49    | 0.01%             | 2029-03-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                         | BNP Paribas SA                                                                   | CUSIP: 05602XDJ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |      3145000 | PA      | $3288638.44   | 0.03%             | 2031-08-22      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES2                                                    | CUSIP: 74938PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5474732 | PA      | $5508188.29   | 0.06%             | 2044-04-25      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC                                                  | MetroNet Infrastructure Issuer LLC                                               | CUSIP: 59170DAA9<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |      5928000 | PA      | $6060876.71   | 0.06%             | 2053-04-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivables Trust                                               | OneMain Direct Auto Receivables Trust 2025-1                                     | CUSIP: 682684AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6500000 | PA      | $6646306.55   | 0.07%             | 2035-04-16      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                          | Intel Corp                                                                       | CUSIP: 458140BV1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |      3490000 | PA      | $2275411.07   | 0.02%             | 2041-08-12      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418CU77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2117735 | PA      | $1910485.90   | 0.02%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                            | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    446075000 | PA      | $24158602.16  | 0.25%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Blue Bridge Funding LLC                                                             | Blue Bridge Funding 2023-1 LLC                                                   | CUSIP: 09531MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1460007 | PA      | $1473018.83   | 0.02%             | 2030-11-15      | Fixed         | 7.37%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                                              | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |      3745000 | PA      | $4135472.05   | 0.04%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7012920 | PA      | $6628268.71   | 0.07%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2024-9                                                | CUSIP: 92540RAF1<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |      1659000 | PA      | $1650839.54   | 0.02%             | 2069-11-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| BAWAG GROUP AG                                                                      | BAWAG Group AG                                                                   | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | DBT              | CORP              | AT        |      5000000 | PA      | $5848419.68   | 0.06%             | 2029-09-18      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ESSENTIAL PROPER                                                                    | Essential Properties LP                                                          | CUSIP: 29670VAA7<br>LEI: 254900XX9FNFCDE1NX02 | Long             | DBT              |  | US        |     16938000 | PA      | $14817547.53  | 0.15%             | 2031-07-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                                                            | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |      1025000 | PA      | $1023186.57   | 0.01%             | 2032-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                          | Mattel Inc                                                                       | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |     16020000 | PA      | $16076070.00  | 0.17%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                          | US Bancorp                                                                       | CUSIP: 91159HJR2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |      9930000 | PA      | $10115998.53  | 0.11%             | 2035-01-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                               | Mexico Government International Bonds                                            | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      9090000 | PA      | $9054912.60   | 0.09%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                                   | Ares Capital Corp                                                                | CUSIP: 04010LBK8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |     11160000 | PA      | $11073007.80  | 0.12%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EdgeConneX Data Centers Issuer, LLC                                                 | Edgeconnex Data Centers Issuer LLC                                               | CUSIP: 28000XAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12231466 | PA      | $12172234.68  | 0.13%             | 2054-07-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                                    | COLT 2022-7 Mortgage Loan Trust                                                  | CUSIP: 12663GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4572690 | PA      | $4544098.75   | 0.05%             | 2067-04-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                                                                 | DataBank Issuer                                                                  | CUSIP: 23802WAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15850000 | PA      | $15598926.49  | 0.16%             | 2054-01-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31410FSK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         7232 | PA      | $7246.95      | 0.00%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SESAC Finance, LLC                                                                  | Sesac Finance LLC                                                                | CUSIP: 78396YAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2320625 | PA      | $2335044.44   | 0.02%             | 2054-01-25      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                                                             | NYMT Loan Trust 2024-CP1                                                         | CUSIP: 67118PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2615857 | PA      | $2398494.92   | 0.02%             | 2068-02-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRS                                                                    | Insight Enterprises Inc                                                          | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |       750000 | PA      | $764201.25    | 0.01%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Credit Fund III LP                                                   | Oxford Finance Credit Fund III 2024-A LP                                         | CUSIP: 69145DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9035000 | PA      | $9144977.63   | 0.10%             | 2032-01-14      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FKP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    183609197 | PA      | $185479947.03 | 1.93%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nokia OYJ                                                                           | Nokia Oyj                                                                        | CUSIP: 654902AC9<br>LEI: 549300A0JPRWG1KI7U06 | Long             | DBT              | CORP              | FI        |      4165000 | PA      | $4236138.20   | 0.04%             | 2039-05-15      | Fixed         | 6.63%                 | 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        |      7580000 | PA      | $7496847.40   | 0.08%             | 2030-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                                                                      | EPR Properties                                                                   | CUSIP: 26884UAG4<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |      6425000 | PA      | $5733714.59   | 0.06%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                                    | Lamar Media Corp                                                                 | CUSIP: 513075BT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1205000 | PA      | $1135655.14   | 0.01%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140QKQJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30048751 | PA      | $24537409.34  | 0.26%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XKHC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7354485 | PA      | $6259915.37   | 0.07%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XDSU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14896781 | PA      | $12146311.95  | 0.13%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                    | BAT Capital Corp                                                                 | CUSIP: 05526DCC7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     10630000 | PA      | $10650676.84  | 0.11%             | 2035-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2022-B33 Mortgage Trust                                                | CUSIP: 08163PBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14391000 | PA      | $12980502.11  | 0.14%             | 2055-03-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                                                     | Prestige Auto Receivables Trust 2024-2                                           | CUSIP: 74113SAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1900000 | PA      | $1892079.85   | 0.02%             | 2029-02-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                                        | CSMC 2021-AFC1 Trust                                                             | CUSIP: 12657LAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4164852 | PA      | $3399632.25   | 0.04%             | 2056-03-25      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                                                              | Switch ABS Issuer LLC                                                            | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13115000 | PA      | $13076660.92  | 0.14%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae                                                                       | CUSIP: 21H062669<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     27830000 | PA      | $28415683.74  | 0.30%             | 2054-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                                  | Expand Energy Corp                                                               | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     11120000 | PA      | $11059582.70  | 0.12%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EE63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       247379 | PA      | $233801.81    | 0.00%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    106485000 | PA      | $102516770.45 | 1.07%             | 2044-05-15      | Fixed         | 4.63%                 | No            |                  1 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                            | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |      4810000 | PA      | $4520542.71   | 0.05%             | 2028-02-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140AE2X6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15024653 | PA      | $15177735.13  | 0.16%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                                                               | Bank of Ireland Group PLC                                                        | CUSIP: 06279JAD1<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |      5250000 | PA      | $5361170.22   | 0.06%             | 2030-03-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 2YR NOTE (CBT) SEP25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         5540 | NC      | $1087667.24   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CIMIC FINANCE USA PTY LT                                                            | CIMIC Finance USA Pty Ltd                                                        | CUSIP: 171873AB8<br>LEI: 213800GNWSV32LXHCZ50 | Long             | DBT              | CORP              | AU        |      3540000 | PA      | $3707445.26   | 0.04%             | 2034-03-25      | 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        |     14395000 | PA      | $14275873.75  | 0.15%             | 2034-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                                          | JPMBB Commercial Mortgage Securities Trust 2013-C15                              | CUSIP: 46640NAP3<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |      2711090 | PA      | $2302013.44   | 0.02%             | 2045-11-15      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE INSURANCE                                                             | New York Life Insurance Co                                                       | CUSIP: 64952GAT5<br>LEI: TAE73CY392TBWJ3O3305 | Long             | DBT              | CORP              | US        |      6500000 | PA      | $4667787.02   | 0.05%             | 2050-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                                                  | Subway Funding LLC                                                               | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8457500 | PA      | $8312360.84   | 0.09%             | 2054-07-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| harvest commercial capital loan trust                                               | Harvest Commercial Capital Loan Trust 2024-1                                     | CUSIP: 417927AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9571544 | PA      | $9831153.37   | 0.10%             | 2056-10-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| ALMAVIVA THE ITALIAN INN                                                            | Almaviva-The Italian Innovation Co SpA                                           | CUSIP: 000000000<br>LEI: 815600A862DA4DD9E211 | Long             | DBT              | CORP              | IT        |      5000000 | PA      | $5826703.80   | 0.06%             | 2030-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWML4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14298458 | PA      | $14444141.64  | 0.15%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06051GMB2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      7960000 | PA      | $7799620.96   | 0.08%             | 2035-08-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                                      | Enterprise Fleet Financing 2023-2 LLC                                            | CUSIP: 29375NAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7185000 | PA      | $7291635.46   | 0.08%             | 2030-04-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                                | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      1305000 | PA      | $1066325.81   | 0.01%             | 2031-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INFRASTRUTTURE WIRELESS                                                             | Infrastrutture Wireless Italiane SpA                                             | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | DBT              | CORP              | IT        |      4800000 | PA      | $5042203.34   | 0.05%             | 2031-04-19      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DNNT6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18933132 | PA      | $18511030.07  | 0.19%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAJUN GLOBAL LLC                                                                    | Cajun Global LLC                                                                 | CUSIP: 12803VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6227481 | PA      | $6039557.04   | 0.06%             | 2051-11-20      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| KBC GROUP NV                                                                        | KBC Group NV                                                                     | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |      5800000 | PA      | $7237520.27   | 0.08%             | 2028-09-05      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Imperial Fund LLC                                                                   | Imperial Fund Mortgage Trust 2021-NQM2                                           | CUSIP: 452761AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3583152 | PA      | $3026100.51   | 0.03%             | 2056-09-25      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                                                   | Imperial Fund Mortgage Trust 2020-NQM1                                           | CUSIP: 452760AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       542019 | PA      | $504867.46    | 0.01%             | 2055-10-25      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| APA CORP                                                                            | APA Corp                                                                         | CUSIP: 03743QAJ7<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |      5921000 | PA      | $4585496.07   | 0.05%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418DLU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       958017 | PA      | $888022.63    | 0.01%             | 2050-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                                               | Panama Government International Bonds                                            | CUSIP: 698299BG8<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      7515000 | PA      | $4913682.75   | 0.05%             | 2047-05-15      | Fixed         | 4.50%                 | 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        |      6870000 | PA      | $7046604.20   | 0.07%             | 2055-03-10      | Fixed         | 6.95%                 | 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        |      5420000 | PA      | $3577563.25   | 0.04%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                        | UBS Group AG                                                                     | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      9625000 | PA      | $9617736.21   | 0.10%             | 2027-08-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132E0M58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12518821 | PA      | $11833541.43  | 0.12%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Gold Pool                                                            | CUSIP: 312941ZT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        64298 | PA      | $64408.79     | 0.00%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                          | AbbVie Inc                                                                       | CUSIP: 00287YEB1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |      6915000 | PA      | $6742405.82   | 0.07%             | 2055-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Jonah Energy LLC                                                                    | Jonah Energy Abs I LLC                                                           | CUSIP: 47987EAC1<br>LEI: 2549003KXV9PPFRCPA79 | Long             | ABS-O            | CORP              | US        |      6821948 | PA      | $6844741.79   | 0.07%             | 2037-12-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust                                             | Saluda Grade Alternative Mortgage Trust 2024-CES1                                | CUSIP: 79581VAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5719723 | PA      | $5760572.30   | 0.06%             | 2054-03-25      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                                               | Time Warner Cable LLC                                                            | CUSIP: 88732JBB3<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     12015000 | PA      | $10589109.06  | 0.11%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Non Gold Pool                                                        | CUSIP: 3128NHML4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         2198 | PA      | $2219.09      | 0.00%             | 2036-01-01      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                                        | US Foods Inc                                                                     | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |       670000 | PA      | $658208.74    | 0.01%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                                            | Prudential Financial Inc                                                         | CUSIP: 744320BJ0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |      2265000 | PA      | $2176196.37   | 0.02%             | 2052-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                                                      | Apidos CLO XXXI                                                                  | CUSIP: 03767VAQ1<br>LEI: 549300IG6PHVJ3WBR394 | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $3014774.37   | 0.03%             | 2031-04-15      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                                                           | News Corp                                                                        | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |        95000 | PA      | $91342.80     | 0.00%             | 2032-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                                        | CSMC Trust 2014-IVR2                                                             | CUSIP: 12648HAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1049785 | PA      | $986913.18    | 0.01%             | 2044-04-25      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                                              | Banque Federative du Credit Mutuel SA                                            | CUSIP: 06675DCM2<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |     18705000 | PA      | $18942477.37  | 0.20%             | 2028-02-16      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133KM4R3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8893798 | PA      | $7339624.16   | 0.08%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Diversified ABS X LLC                                                               | Diversified Abs X LLC                                                            | CUSIP: 255126AA2<br>LEI: 2549000V3WDZQQ691H02 | Long             | ABS-O            | CORP              | US        |      5536338 | PA      | $5545693.93   | 0.06%             | 2045-02-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     14845000 | PA      | $15648684.40  | 0.16%             | 2029-11-01      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| APA INFRASTRUCTURE LTD                                                              | APA Infrastructure Ltd                                                           | CUSIP: 000000000<br>LEI: 261700SS8OEHDOCOUJ33 | Long             | DBT              | CORP              | AU        |      8250000 | PA      | $8835242.49   | 0.09%             | 2030-07-15      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| ALLO Issuer, LLC                                                                    | ALLO Issuer LLC                                                                  | CUSIP: 01983KAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7595000 | PA      | $7680839.45   | 0.08%             | 2054-07-20      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Driven Brands Funding, LLC                                                          | Driven Brands Funding LLC                                                        | CUSIP: 26209XAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3756953 | PA      | $3480383.54   | 0.04%             | 2051-10-20      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                                            | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |      1000000 | PA      | $957556.80    | 0.01%             | 2040-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                                | Las Vegas Sands Corp                                                             | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |      7525000 | PA      | $7542027.87   | 0.08%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XFJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      7764656 | PA      | $7568232.73   | 0.08%             | 2052-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Achieve Mortgage                                                                    | ACHM Mortgage Trust 2024-HE1                                                     | CUSIP: 00449TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3906004 | PA      | $3981668.33   | 0.04%             | 2039-05-25      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XX68<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     14488971 | PA      | $14432938.54  | 0.15%             | 2053-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                                               | Panama Government International Bonds                                            | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      9110000 | PA      | $8566133.00   | 0.09%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133BRD68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16387460 | PA      | $15902557.91  | 0.17%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer, LLC                                                              | Flexential Issuer 2021-1                                                         | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9615000 | PA      | $9197084.03   | 0.10%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                                | Enel Finance International NV                                                    | CUSIP: 000000000<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |      3000000 | PA      | $3558048.48   | 0.04%             | 2031-02-20      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     11715000 | PA      | $11906346.37  | 0.12%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                                                     | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |      5000000 | PA      | $5846290.71   | 0.06%             | 2031-10-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EHT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4842775 | PA      | $4694049.12   | 0.05%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                            | MET PIER & EXPOSITION AUTH IL REVENUE                                            | CUSIP: 592250AR5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |       765000 | PA      | $175494.83    | 0.00%             | 2051-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                                                            | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd        | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     27291600 | PA      | $27354234.22  | 0.28%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                                                         | FIGRE Trust 2023-HE3                                                             | CUSIP: 31684CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3282358 | PA      | $3360787.08   | 0.03%             | 2053-11-25      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                              | General Motors Financial Co Inc                                                  | CUSIP: 37045XEG7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |      9130000 | PA      | $9326136.69   | 0.10%             | 2030-04-06      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                                                            | Comision Federal de Electricidad                                                 | CUSIP: 200447AK6<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     11350000 | PA      | $9425475.84   | 0.10%             | 2033-07-26      | Fixed         | 3.88%                 | 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        |      9137100 | PA      | $9217451.66   | 0.10%             | 2055-02-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| SOLVAY FINANCE (AMERICA)                                                            | Syensqo Finance America LLC                                                      | CUSIP: 834423AF2<br>LEI: 54930073OEL5K0Y7NK81 | Long             | DBT              | CORP              | US        |     12015000 | PA      | $12208884.25  | 0.13%             | 2034-06-04      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds                                   | Argentina Republic Government International Bonds                                | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |       185679 | PA      | $152936.37    | 0.00%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                                                          | Flagship Credit Auto Trust 2022-2                                                | CUSIP: 33844XAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5483243 | PA      | $5477400.45   | 0.06%             | 2027-05-17      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                         | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-15503968.85 | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                                                                  | Coterra Energy Inc                                                               | CUSIP: 127097AM5<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |      6910000 | PA      | $6700608.90   | 0.07%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                               | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      2155000 | PA      | $2149570.48   | 0.02%             | 2026-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWLH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     13416117 | PA      | $12298212.27  | 0.13%             | 2054-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RENTOKIL INITIAL FINANC                                                             | Rentokil Initial Finance BV                                                      | CUSIP: 000000000<br>LEI: 2549005WL1W9GJ5TM121 | Long             | DBT              | CORP              | NL        |      3000000 | PA      | $3477355.72   | 0.04%             | 2027-06-27      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                                              | Commonwealth Bank of Australia                                                   | CUSIP: 202712BX2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |     24890000 | PA      | $23887867.37  | 0.25%             | 2046-03-14      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Centersquare Issuer LLC                                                             | Centersquare Issuer LLC                                                          | CUSIP: 15201EAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18370000 | PA      | $17632878.03  | 0.18%             | 2055-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EV56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12165871 | PA      | $11153545.73  | 0.12%             | 2053-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PDF0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     17530000 | PA      | $17458629.59  | 0.18%             | 2030-06-14      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36180AAF0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     72710985 | PA      | $72236259.04  | 0.75%             | 2054-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                                 | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |       895000 | PA      | $849295.57    | 0.01%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31371NNB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         2521 | PA      | $2570.27      | 0.00%             | 2037-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Centersquare Issuer LLC                                                             | Centersquare Issuer LLC                                                          | CUSIP: 15201EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2500000 | PA      | $2433844.75   | 0.03%             | 2054-10-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                                                | OI European Group BV                                                             | CUSIP: 000000000<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |      5000000 | PA      | $5868278.70   | 0.06%             | 2028-05-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWLM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     34029119 | PA      | $34388118.62  | 0.36%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TOLL ROAD INV PART II                                                               | Toll Road Investors Partnership II LP                                            | CUSIP: 88948ABB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5630000 | PA      | $5376524.90   | 0.06%             | 2026-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                            | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE                           | CUSIP: 592248AY4<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |      1975000 | PA      | $1903631.60   | 0.02%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                                                   | Iron Mountain Inc                                                                | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |       920000 | PA      | $909910.18    | 0.01%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                            | Ford Motor Credit Co LLC                                                         | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     12465000 | PA      | $11100832.64  | 0.12%             | 2030-11-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DQU38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     40324705 | PA      | $31506448.46  | 0.33%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SHR Trust                                                                           | SHR Trust 2024-LXRY                                                              | CUSIP: 784234AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6460000 | PA      | $6468080.17   | 0.07%             | 2041-10-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                                             | Pfizer Investment Enterprises Pte Ltd                                            | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |     10275000 | PA      | $9417747.81   | 0.10%             | 2053-05-19      | Fixed         | 5.30%                 | 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        |     10600000 | PA      | $10682680.00  | 0.11%             | 2031-12-22      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140QRWN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8662166 | PA      | $8188308.47   | 0.09%             | 2053-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                                                        | CD 2017-CD6 Mortgage Trust                                                       | CUSIP: 125039AF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1035000 | PA      | $1001048.90   | 0.01%             | 2050-11-13      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                                              | Lendmark Funding Trust 2021-1                                                    | CUSIP: 52607MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2065000 | PA      | $1969048.95   | 0.02%             | 2031-11-20      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7254589 | PA      | $6661367.87   | 0.07%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179WLP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     38971222 | PA      | $32664381.27  | 0.34%             | 2051-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133KNVT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       228193 | PA      | $195930.03    | 0.00%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                                                                | FirstKey Homes 2021-SFR1 Trust                                                   | CUSIP: 33767WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1294069 | PA      | $1244000.52   | 0.01%             | 2038-08-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                                                     | Residential Mortgage Loan Trust 2020-1                                           | CUSIP: 76119CAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $4839700.00   | 0.05%             | 2060-01-26      | Variable      | 3.24%                 | No            |                  2 | On Loan: No      |
| JAPAN TOBACCO INC                                                                   | Japan Tobacco Inc                                                                | CUSIP: 471105AE6<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |     15405000 | PA      | $15883511.19  | 0.17%             | 2035-06-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36180AB93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15824653 | PA      | $15363176.39  | 0.16%             | 2054-10-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust                                                  | STWD 2022-FL3 Ltd                                                                | CUSIP: 78485KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       911511 | PA      | $909588.66    | 0.01%             | 2038-11-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132CXAN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4646609 | PA      | $4289722.50   | 0.04%             | 2037-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                                | Saudi Arabian Oil Co                                                             | CUSIP: 80414L3B9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |      9120000 | PA      | $9097838.40   | 0.09%             | 2035-06-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                                | Bank of America Corp                                                             | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      6200000 | PA      | $6116850.93   | 0.06%             | 2028-01-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury STRIPS Coupon                                                      | CUSIP: 912834HV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20515000 | PA      | $9707898.23   | 0.10%             | 2040-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                                                 | PFS Financing Corp                                                               | CUSIP: 69335PFE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1575000 | PA      | $1585778.83   | 0.02%             | 2029-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140QSKZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11616577 | PA      | $11571863.74  | 0.12%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179W2U1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     18328064 | PA      | $15361973.30  | 0.16%             | 2052-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |            1 | NC      | $-631187.31   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140W0PY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20082412 | PA      | $17816900.68  | 0.19%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                                                                          | Biogen Inc                                                                       | CUSIP: 09062XAM5<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |      9465000 | PA      | $9468171.72   | 0.10%             | 2055-05-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| DBSG 2024-ALTA Mortgage Trust                                                       | DBSG 2024-ALTA Mortgage Trust                                                    | CUSIP: 239918AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13810000 | PA      | $14017318.48  | 0.15%             | 2037-06-10      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418D3G5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10611896 | PA      | $8293263.36   | 0.09%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XVR4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     16370017 | PA      | $15518071.72  | 0.16%             | 2053-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                                                   | Imperial Fund Mortgage Trust 2021-NQM1                                           | CUSIP: 452764AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1124044 | PA      | $972371.93    | 0.01%             | 2056-06-25      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                            | Electricite de France SA                                                         | CUSIP: 28504DAF0<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |     24445000 | PA      | $24691694.78  | 0.26%             | 2035-01-13      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                                  | RGA Global Funding                                                               | CUSIP: 76209PAF0<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |      9266000 | PA      | $9151781.17   | 0.10%             | 2031-12-06      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                                            | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |      1385000 | PA      | $1278854.29   | 0.01%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                                              | Service Experts Issuer 2024-1 LLC                                                | CUSIP: 81758FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9957484 | PA      | $10093575.91  | 0.10%             | 2035-11-20      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                            | Ford Credit Floorplan Master Owner Trust A                                       | CUSIP: 34528QHX5<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |      4000000 | PA      | $4012672.00   | 0.04%             | 2028-05-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                                                            | RenaissanceRe Holdings Ltd                                                       | CUSIP: 75968NAG6<br>LEI: EK6GB9U3U58PDI411C94 | Long             | DBT              | CORP              | BM        |      5790000 | PA      | $5833532.23   | 0.06%             | 2035-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                                  | Credit Agricole SA                                                               | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |     12430000 | PA      | $12539112.53  | 0.13%             | 2031-05-27      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                                                            | Camelot Return Merger Sub Inc                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000000 | PA      | $4425000.00   | 0.05%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                            | Lloyds Banking Group PLC                                                         | CUSIP: 53944YAJ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |      8525000 | PA      | $8545008.18   | 0.09%             | 2026-06-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     61480000 | PA      | $58480448.59  | 0.61%             | 2054-05-15      | Fixed         | 4.63%                 | No            |                  1 | On Loan: No      |
| Finance of America Structured Securities Trust                                      | Finance of America Structured Securities Trust                                   | CUSIP: 31741AAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11791884 | PA      | $11267473.99  | 0.12%             | 2074-11-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                                                | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 355000000000 | PA      | $22058601.44  | 0.23%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810SJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     70315000 | PA      | $43018497.62  | 0.45%             | 2049-08-15      | Fixed         | 2.25%                 | No            |                  1 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                            | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAL5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |      4830000 | PA      | $4794716.17   | 0.05%             | 2026-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179YU51<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     12466188 | PA      | $12104589.50  | 0.13%             | 2054-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                                            | Sensata Technologies Inc                                                         | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |      4125000 | PA      | $4161898.13   | 0.04%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer, LLC                                           | Retained Vantage Data Centers Issuer LLC                                         | CUSIP: 76134KAH7<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |     22900000 | PA      | $22494331.08  | 0.23%             | 2049-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418D7E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9558261 | PA      | $7450686.97   | 0.08%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GLENCORE FINANCE CANADA                                                             | Glencore Finance Canada Ltd                                                      | CUSIP: 98417EAC4<br>LEI: 5493005TTO0UJ33KCK70 | Long             | DBT              | CORP              | CA        |      3145000 | PA      | $3400558.86   | 0.04%             | 2037-11-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                                   | Ares Capital Corp                                                                | CUSIP: 04010LBB8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |      5375000 | PA      | $5018603.91   | 0.05%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| TSC SPV FUNDING, LLC                                                                | TSC SPV Funding LLC                                                              | CUSIP: 898912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7139125 | PA      | $6941836.71   | 0.07%             | 2054-08-20      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31413KH79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       162291 | PA      | $169081.41    | 0.00%             | 2037-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                                 | COMM 2024-277P Mortgage Trust                                                    | CUSIP: 12654FAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $5154354.00   | 0.05%             | 2044-08-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                                                                          | Biogen Inc                                                                       | CUSIP: 09062XAL7<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |     12430000 | PA      | $12513688.95  | 0.13%             | 2035-05-15      | Fixed         | 5.75%                 | 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        |       900000 | PA      | $832014.00    | 0.01%             | 2028-03-03      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2021-R3                                               | CUSIP: 92538EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6170746 | PA      | $5836638.03   | 0.06%             | 2064-04-25      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179TNR2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1123722 | PA      | $1013302.96   | 0.01%             | 2047-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                              | Sempra                                                                           | CUSIP: 816851BU2<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |     10250000 | PA      | $9644937.79   | 0.10%             | 2055-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2021-ARIA                                                               | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5322000 | PA      | $5295390.00   | 0.06%             | 2036-10-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust                                       | BHG Securitization Trust 2025-1CON                                               | CUSIP: 08860AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5845000 | PA      | $5851994.71   | 0.06%             | 2036-04-17      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                                       | FirstCash Inc                                                                    | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |       885000 | PA      | $907132.48    | 0.01%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                                    | Duke Energy Corp                                                                 | CUSIP: 000000000<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |      7400000 | PA      | $8382266.09   | 0.09%             | 2034-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Gold Pool                                                            | CUSIP: 31292HAX2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |           31 | PA      | $32.47        | 0.00%             | 2030-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Achieve Mortgage                                                                    | ACHM Trust 2023-HE2                                                              | CUSIP: 00111NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13880932 | PA      | $14182681.51  | 0.15%             | 2038-10-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                                                                          | Evergy Inc                                                                       | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |      8790000 | PA      | $8700574.94   | 0.09%             | 2055-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2014-2                                                  | CUSIP: 46641YAS2<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-MBS          | CORP              | US        |      1215000 | PA      | $1134258.88   | 0.01%             | 2029-06-25      | Variable      | 3.41%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                        | GS Mortgage Securities Trust 2017-GS7                                            | CUSIP: 36254CAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       990000 | PA      | $960645.21    | 0.01%             | 2050-08-10      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                                      | Var Energi ASA                                                                   | CUSIP: 92212WAG5<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |      5070000 | PA      | $5118165.00   | 0.05%             | 2035-05-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                             | Hyundai Capital America                                                          | CUSIP: 44891ABS5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      4405000 | PA      | $4311580.35   | 0.04%             | 2026-01-08      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust 2020-4                                                  | CUSIP: 03464LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       546932 | PA      | $518712.56    | 0.01%             | 2065-06-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                                                            | RenaissanceRe Holdings Ltd                                                       | CUSIP: 75968NAE1<br>LEI: EK6GB9U3U58PDI411C94 | Long             | DBT              | CORP              | BM        |      6065000 | PA      | $6156269.15   | 0.06%             | 2033-06-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                                                            | Fortress Transportation and Infrastructure Investors LLC                         | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     24680000 | PA      | $25229228.72  | 0.26%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                                                            | Comision Federal de Electricidad                                                 | CUSIP: 200447AH3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     17085000 | PA      | $14741576.98  | 0.15%             | 2031-02-09      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                                                              | Switch ABS Issuer LLC                                                            | CUSIP: 871044AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4890000 | PA      | $4937567.48   | 0.05%             | 2054-03-25      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132D6CG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2293353 | PA      | $2220219.62   | 0.02%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3138WF2P0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       451559 | PA      | $395067.56    | 0.00%             | 2045-11-01      | Fixed         | 3.00%                 | 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        |      5000000 | PA      | $4961347.50   | 0.05%             | 2031-05-20      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds                                   | Argentina Republic Government International Bonds                                | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      1817118 | PA      | $1220194.74   | 0.01%             | 2035-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| COMPUTERSHARE US INC                                                                | Computershare US Inc                                                             | CUSIP: 000000000<br>LEI: 549300BXQ1PX3KGZRT72 | Long             | DBT              | CORP              | US        |      7450000 | PA      | $7313030.20   | 0.08%             | 2031-10-07      | Fixed         | 1.13%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                              | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      4520000 | PA      | $4832539.92   | 0.05%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                                                  | Subway Funding LLC                                                               | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2189000 | PA      | $2140077.16   | 0.02%             | 2054-07-30      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FE29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21750455 | PA      | $21062971.79  | 0.22%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL SECS CLEARING                                                              | National Securities Clearing Corp                                                | CUSIP: 637639AK1<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |      5165000 | PA      | $5257443.84   | 0.05%             | 2028-05-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                                                | Fannie Mae Trust 2004-W15                                                        | CUSIP: 31394BZ80<br>LEI: 549300KIT83OL5QXFU28 | Long             | ABS-MBS          | USGSE             | US        |       157086 | PA      | $163641.75    | 0.00%             | 2044-08-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      8265000 | PA      | $8380342.95   | 0.09%             | 2029-04-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Trust                                                     | CoreVest American Finance 2021-3 Trust                                           | CUSIP: 21873NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       355000 | PA      | $343911.72    | 0.00%             | 2054-10-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2020-INV1 Trust                                                              | CUSIP: 67113CAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1355537 | PA      | $1207431.84   | 0.01%             | 2049-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140QNGH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7011526 | PA      | $6009784.88   | 0.06%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                                                            | Baltimore Gas and Electric Co                                                    | CUSIP: 059165ET3<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |      8320000 | PA      | $8375761.22   | 0.09%             | 2035-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                                                            | Mill City Mortgage Loan Trust 2021-NMR1                                          | CUSIP: 59982HAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5731000 | PA      | $4286934.71   | 0.04%             | 2060-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31410NJ41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         3665 | PA      | $3748.86      | 0.00%             | 2036-09-01      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| EPHIOS SUBCO SARL                                                                   | Ephios Subco 3 Sarl                                                              | CUSIP: 000000000<br>LEI: 213800E4EG6VFUFVEH64 | Long             | DBT              | CORP              | LU        |      5000000 | PA      | $6105896.00   | 0.06%             | 2031-01-31      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133KPLY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5225879 | PA      | $4799371.84   | 0.05%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust                                             | Saluda Grade Alternative Mortgage Trust 2023-FIG3                                | CUSIP: 79582AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7995722 | PA      | $8235566.99   | 0.09%             | 2053-08-25      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC                                                               | DirecTV Financing LLC Term Loan                                                  | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       447772 | PA      | $449011.88    | 0.00%             | 2027-08-02      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                                                | Sonic Automotive Inc                                                             | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |      6710000 | PA      | $6409626.18   | 0.07%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                                              | ConocoPhillips Co                                                                | CUSIP: 20826FBM7<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |     21010000 | PA      | $19370904.85  | 0.20%             | 2055-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOLL ROAD INV PART II                                                               | Toll Road Investors Partnership II LP                                            | CUSIP: 88948ABC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1050000 | PA      | $941568.83    | 0.01%             | 2027-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                                                      | Pagaya AI Debt Trust 2023-6                                                      | CUSIP: 69547UAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       796871 | PA      | $797478.30    | 0.01%             | 2031-06-16      | Fixed         | 7.46%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                                                | BAT International Finance PLC                                                    | CUSIP: 000000000<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |      5250000 | PA      | $5754000.19   | 0.06%             | 2030-01-16      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| COTERRA ENERGY INC                                                                  | Coterra Energy Inc                                                               | CUSIP: 127097AN3<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |      4490000 | PA      | $4047508.97   | 0.04%             | 2055-02-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                            | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      1035000 | PA      | $1097449.79   | 0.01%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XHJY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     48023418 | PA      | $42729087.91  | 0.44%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140QQBC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38543642 | PA      | $36426903.04  | 0.38%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA SPA                                                                  | Telecom Italia SpA/Milano                                                        | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | DBT              | CORP              | IT        |      3376000 | PA      | $3639058.81   | 0.04%             | 2029-01-18      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140QPKP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15126826 | PA      | $13435070.05  | 0.14%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31410SNP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |          853 | PA      | $887.11       | 0.00%             | 2036-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                                             | Fannie Mae Grantor Trust 2002-T12                                                | CUSIP: 31392D7G1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |         3116 | PA      | $3253.48      | 0.00%             | 2042-05-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                                                     | Residential Mortgage Loan Trust 2021-1R                                          | CUSIP: 76090NAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       396423 | PA      | $379317.67    | 0.00%             | 2065-01-25      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FE37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21144651 | PA      | $20939316.09  | 0.22%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                                        | Entegris Inc                                                                     | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |      6995000 | PA      | $6791929.55   | 0.07%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                                                                 | SOUND POINT CLO VIII-R LTD                                                       | CUSIP: 83607HAN5<br>LEI: 549300RPMX5HA435Q562 | Long             | ABS-CBDO         | CORP              | KY        |      8588251 | PA      | $8594927.70   | 0.09%             | 2030-04-15      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                                                               | RIO TINTO FIN USA PLC                                                            | CUSIP: 76720AAV8<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     19865000 | PA      | $19313312.80  | 0.20%             | 2055-03-14      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                                                                 | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |      5050000 | PA      | $5133764.35   | 0.05%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133USHH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    104689171 | PA      | $85441830.41  | 0.89%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     42200000 | PA      | $36977750.00  | 0.38%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  1 | On Loan: No      |
| MFRA Trust                                                                          | MFA 2021-NQM1 Trust                                                              | CUSIP: 55283FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1078880 | PA      | $1017936.75   | 0.01%             | 2065-04-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds                                   | Argentina Republic Government International Bonds                                | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      1499503 | PA      | $1174111.07   | 0.01%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Gold Pool                                                            | CUSIP: 3128MJUS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       510520 | PA      | $479786.80    | 0.00%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                                                            | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC  | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9762000 | PA      | $9804532.16   | 0.10%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP                                                             | Pediatrix Medical Group Inc                                                      | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       835000 | PA      | $808314.65    | 0.01%             | 2030-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DUL62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15800495 | PA      | $14916857.27  | 0.16%             | 2054-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                                                               | Banijay Entertainment SAS                                                        | CUSIP: 000000000<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |      5000000 | PA      | $5934146.16   | 0.06%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TUI AG                                                                              | TUI AG                                                                           | CUSIP: 000000000<br>LEI: 529900SL2WSPV293B552 | Long             | DBT              | CORP              | DE        |      5030000 | PA      | $5939766.64   | 0.06%             | 2029-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                                                  | Ford Motor Co                                                                    | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |      6125000 | PA      | $5982603.00   | 0.06%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                                                             | Blue Stream Issuer LLC                                                           | CUSIP: 09606BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3500000 | PA      | $3505598.25   | 0.04%             | 2053-05-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                                          | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     45660000 | PA      | $61593748.97  | 0.64%             | 2029-07-22      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                   | Iron Mountain Inc                                                                | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |      3760000 | PA      | $3523118.08   | 0.04%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                                                            | Interstate Power and Light Co                                                    | CUSIP: 461070AX2<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |      7680000 | PA      | $7725230.52   | 0.08%             | 2035-06-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133B1RZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     25997116 | PA      | $20294956.05  | 0.21%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3138WFKM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1003252 | PA      | $912487.57    | 0.01%             | 2045-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                                  | BMO 2024-C8 Mortgage Trust                                                       | CUSIP: 05593HAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10685000 | PA      | $10975705.73  | 0.11%             | 2057-03-15      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer, Ltd.                                                               | LoanCore 2025 2025-CRE8 Issuer LLC                                               | CUSIP: 53947FAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      1000000 | PA      | $989368.90    | 0.01%             | 2042-08-17      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                                          | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     49015000 | PA      | $60993380.98  | 0.63%             | 2033-01-31      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| STATE OF ISRAEL                                                                     | Israel Government International Bond                                             | CUSIP: 46514BRM1<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     16120000 | PA      | $14293926.40  | 0.15%             | 2054-03-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                                                     | Bermuda Government International Bond                                            | CUSIP: 085209AH7<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |      7259000 | PA      | $4612876.73   | 0.05%             | 2050-08-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Zais CLO 6 LTD                                                                      | Zais Clo 6 Ltd                                                                   | CUSIP: 98887TAS7<br>LEI: 549300ZPQFDVEE67IB71 | Long             | ABS-CBDO         | CORP              | KY        |      1642821 | PA      | $1645851.44   | 0.02%             | 2029-07-15      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                                                  | Seagate HDD Cayman                                                               | CUSIP: 81180WBM2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |       935000 | PA      | $1061248.38   | 0.01%             | 2032-12-01      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                    | BAT Capital Corp                                                                 | CUSIP: 05526DCD5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     11680000 | PA      | $11511797.37  | 0.12%             | 2055-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                    | BAT Capital Corp                                                                 | CUSIP: 05526DBK0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |      5825000 | PA      | $4676471.41   | 0.05%             | 2049-09-06      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                                              | Oman Government International Bond                                               | CUSIP: 68205LAS2<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |      1700000 | PA      | $1776619.00   | 0.02%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                                                      | Pagaya AI Debt Selection Trust 2021-HG1                                          | CUSIP: 69547PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       300161 | PA      | $298380.49    | 0.00%             | 2029-01-16      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                                            | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      8260000 | PA      | $8111135.47   | 0.08%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                 | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      9585000 | PA      | $8597013.57   | 0.09%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XNVT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33596755 | PA      | $27393215.76  | 0.28%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bourzou Issuer LLC, Jamshid Issuer LLC, Cristobal Issuer LLC & COPT DC-6 Issuer LLC | Cloud Capital Holdco LP                                                          | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6600000 | PA      | $6619994.70   | 0.07%             | 2049-11-22      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                                            | TotalEnergies Capital SA                                                         | CUSIP: 89157XAF8<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |     17835000 | PA      | $16178749.87  | 0.17%             | 2064-09-10      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2013-3                                                  | CUSIP: 46640MAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3616907 | PA      | $2760339.49   | 0.03%             | 2043-07-25      | Variable      | 3.36%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133C5VR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16067081 | PA      | $13726088.15  | 0.14%             | 2053-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| 888 ACQUISITIONS LTD                                                                | 888 Acquisitions Ltd                                                             | CUSIP: 000000000<br>LEI: 254900RFD0BP3JOPZU89 | Long             | DBT              | CORP              | GI        |      5000000 | PA      | $5692011.43   | 0.06%             | 2027-07-15      | Fixed         | 7.56%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                              | BP Capital Markets America Inc                                                   | CUSIP: 10373QCA6<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |     26575000 | PA      | $26460672.49  | 0.28%             | 2034-11-17      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                         | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | XX        |            1 | NC      | $-148828.07   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                                 | GS Mortgage-Backed Securities Trust 2024-RPL4                                    | CUSIP: 362948AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       476354 | PA      | $460833.10    | 0.00%             | 2061-09-25      | Variable      | 3.90%                 | 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        |    455000000 | PA      | $78491099.75  | 0.82%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                                       | Modivcare Inc 2025 Incremental Term Loan                                         | CUSIP: 60783LAD2<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |      1294283 | PA      | $977183.63    | 0.01%             | 2026-01-09      | Floating      | 11.71%                | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                                 | Dominion Energy Inc                                                              | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |      9465000 | PA      | $9476066.19   | 0.10%             | 2055-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                                         | Hertz Vehicle Financing III LLC                                                  | CUSIP: 42806MBW8<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |      3695000 | PA      | $3754313.99   | 0.04%             | 2029-09-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| HLDNG D'INFRA METIERS                                                               | Holding d'Infrastructures des Metiers de l'Environnement                         | CUSIP: 000000000<br>LEI: 969500I3QVK40XEORU25 | Long             | DBT              | CORP              | FR        |      5000000 | PA      | $5877714.29   | 0.06%             | 2029-10-24      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179YDJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      7696869 | PA      | $7479576.36   | 0.08%             | 2053-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3138XD5P1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       449386 | PA      | $411251.67    | 0.00%             | 2043-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RJK1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |      1000000 | PA      | $1015656.80   | 0.01%             | 2030-12-20      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LLC                                                     | Aligned Data Centers Issuer LLC                                                  | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2881000 | PA      | $2768592.60   | 0.03%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140JBE36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         8029 | PA      | $8323.97      | 0.00%             | 2038-11-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418VWW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        19899 | PA      | $19906.55     | 0.00%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                        | Enbridge Inc                                                                     | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      8705000 | PA      | $8409780.11   | 0.09%             | 2080-07-15      | Fixed         | 5.75%                 | 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        |      8160000 | PA      | $7920300.00   | 0.08%             | 2036-01-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                           | Block Inc                                                                        | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |       985000 | PA      | $890028.27    | 0.01%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ServiceMaster Brands                                                                | ServiceMaster Funding LLC                                                        | CUSIP: 81761TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2753501 | PA      | $2361346.74   | 0.02%             | 2051-01-30      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                                                  | Ford Motor Co                                                                    | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     11415000 | PA      | $9419739.85   | 0.10%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                           | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F062663<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    110960000 | PA      | $113929937.61 | 1.19%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Gold Pool                                                            | CUSIP: 3132QU4R1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       185612 | PA      | $168890.12    | 0.00%             | 2045-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                            | Builders FirstSource Inc                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |      1145000 | PA      | $1140799.34   | 0.01%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31410KDB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         9316 | PA      | $9675.13      | 0.00%             | 2037-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Achieve Mortgage                                                                    | ACHM Trust 2024-HE2                                                              | CUSIP: 00112DAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5720650 | PA      | $5686052.91   | 0.06%             | 2039-10-25      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                                                                | FS Rialto 2021-FL3                                                               | CUSIP: 30323CAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3000000 | PA      | $2982593.43   | 0.03%             | 2036-11-16      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 31329QWF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       901847 | PA      | $839876.86    | 0.01%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                                              | BP Capital Markets PLC                                                           | CUSIP: 05565QDW5<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |     10060000 | PA      | $10121215.10  | 0.11%             | 2033-12-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| PUREWEST ABS ISSUER LLC                                                             | PUREWEST ABS ISSUER LLC                                                          | CUSIP: 74628AAA2<br>LEI: 254900N011GHBESCKS35 | Long             | ABS-O            | CORP              | US        |      3955180 | PA      | $3964672.77   | 0.04%             | 2040-04-05      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Westgate Resorts                                                                    | Westgate Resorts 2022-1 LLC                                                      | CUSIP: 96034JAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3393416 | PA      | $3362927.47   | 0.03%             | 2036-08-20      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140HTBL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       422681 | PA      | $412628.42    | 0.00%             | 2029-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Jack in the Box Funding, LLC                                                        | Jack in the Box Funding LLC                                                      | CUSIP: 466365AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4862000 | PA      | $4327533.95   | 0.05%             | 2052-02-26      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     60825000 | PA      | $56890382.81  | 0.59%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  1 | On Loan: No      |
| Retained Vantage Data Centers Issuer, LLC                                           | Retained Vantage Data Centers Issuer LLC                                         | CUSIP: 76134KAA2<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |     16130000 | PA      | $15945106.65  | 0.17%             | 2048-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2019-4                                                 | CUSIP: 89178BAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4000000 | PA      | $3462066.80   | 0.04%             | 2059-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Gold Pool                                                            | CUSIP: 3128M7AV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       133189 | PA      | $135400.46    | 0.00%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                              | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     87865000 | PA      | $89512468.75  | 0.93%             | 2035-02-15      | Fixed         | 4.63%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179W5C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     58592337 | PA      | $51078103.74  | 0.53%             | 2052-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2024-CES6                                              | CUSIP: 891947AC7<br>LEI: 25490024AP9UCHO22G82 | Long             | ABS-MBS          | CORP              | US        |      6375000 | PA      | $6466678.88   | 0.07%             | 2064-11-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                                                | Colombian TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 110000000000 | PA      | $22874976.27  | 0.24%             | 2030-09-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179WY93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     13472818 | PA      | $11292467.44  | 0.12%             | 2052-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                                                            | Devon Energy Corp                                                                | CUSIP: 25179MBD4<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |      1017000 | PA      | $1017423.58   | 0.01%             | 2027-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                                                 | Starwood Mortgage Residential Trust 2021-6                                       | CUSIP: 85573RAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1687140 | PA      | $1482242.67   | 0.02%             | 2066-11-25      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                        | UBS Group AG                                                                     | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      3940000 | PA      | $3795102.17   | 0.04%             | 2027-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                                                 | Ashtead Capital Inc                                                              | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |      8485000 | PA      | $8403028.03   | 0.09%             | 2033-05-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ORBIA ADVANCE CORP SAB                                                              | Orbia Advance Corp SAB de CV                                                     | CUSIP: 68560EAD0<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |      5695000 | PA      | $5732017.50   | 0.06%             | 2035-05-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Achieve Mortgage                                                                    | FREED Mortgage Trust 2022-HE1                                                    | CUSIP: 35634KAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6890597 | PA      | $7136258.50   | 0.07%             | 2037-10-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                                                                | FS Rialto 2025-FL10 Issuer LLC                                                   | CUSIP: 30340KAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      1895000 | PA      | $1859449.99   | 0.02%             | 2042-08-19      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-SCHATZ FUT JUN25                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         -357 | NC      | $-107986.76   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                                             | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |      1675000 | PA      | $1697612.50   | 0.02%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                        | Enbridge Inc                                                                     | CUSIP: 29250NCD5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     10975000 | PA      | $10518562.70  | 0.11%             | 2054-04-05      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                            | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBC6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     15370000 | PA      | $13042509.83  | 0.14%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| EUTELSAT SA                                                                         | Eutelsat SA                                                                      | CUSIP: 000000000<br>LEI: 549300MCOOY1V7P2PG30 | Long             | DBT              | CORP              | FR        |      5600000 | PA      | $5470655.42   | 0.06%             | 2028-10-13      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DQLZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12509783 | PA      | $12151234.87  | 0.13%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                                                | Fannie Mae Trust 2005-W4                                                         | CUSIP: 31394VQB9<br>LEI: 549300DT3ZN0G36OPC94 | Long             | ABS-MBS          | USGSE             | US        |        20804 | PA      | $21158.71     | 0.00%             | 2045-06-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                                     | Danske Bank A/S                                                                  | CUSIP: 23636ABH3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |     14365000 | PA      | $14802293.30  | 0.15%             | 2030-03-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2025-CES1                                                    | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       474877 | PA      | $477770.78    | 0.00%             | 2045-01-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                                        | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      5824000 | PA      | $6148737.79   | 0.06%             | 2029-01-18      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                                             | Central Garden & Pet Co                                                          | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |      1970000 | PA      | $1821815.42   | 0.02%             | 2030-10-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Net Lease Fund                                          | Oak Street Investment Grade Net Lease Fund Series 2021-1                         | CUSIP: 67190AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4892167 | PA      | $4745372.82   | 0.05%             | 2051-01-20      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                                          | MFA 2022-NQM2 Trust                                                              | CUSIP: 55285QAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5683768 | PA      | $5508612.82   | 0.06%             | 2067-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132CXDM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9525495 | PA      | $9224221.85   | 0.10%             | 2038-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2022-CLS                                                                | CUSIP: 05609XAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $977995.60    | 0.01%             | 2027-10-13      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179W2V9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9996291 | PA      | $8714306.67   | 0.09%             | 2052-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANCOLOMBIA SA                                                                      | Bancolombia SA                                                                   | CUSIP: 05968LAN2<br>LEI: 54930052NWJRPNMP1W58 | Long             | DBT              | CORP              | CO        |      6040000 | PA      | $6332734.64   | 0.07%             | 2034-12-24      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer LLC                                                                     | Zayo Issuer LLC                                                                  | CUSIP: 98919WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8000000 | PA      | $8038216.80   | 0.08%             | 2055-03-20      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust                                                                | CHNGE Mortgage Trust 2023-4                                                      | CUSIP: 12569QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3913176 | PA      | $3969425.60   | 0.04%             | 2058-09-25      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2023-VLT3                                           | CUSIP: 05611GAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13250000 | PA      | $13250000.00  | 0.14%             | 2028-11-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                                                             | BDS 2021-FL9 Ltd                                                                 | CUSIP: 05493NAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5475000 | PA      | $5464483.95   | 0.06%             | 2038-11-16      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                                     | Nissan Motor Co Ltd                                                              | CUSIP: 654744AB7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |     10000000 | PA      | $9911466.40   | 0.10%             | 2025-09-17      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                                                      | OWN Equipment Fund I LLC                                                         | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12945468 | PA      | $13049775.61  | 0.14%             | 2032-12-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418C4G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       656448 | PA      | $629370.00    | 0.01%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2024-CES1                                              | CUSIP: 89183CAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2769000 | PA      | $2793533.62   | 0.03%             | 2064-01-25      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust                                                       | Agate Bay Mortgage Trust 2015-3                                                  | CUSIP: 00841YCE6<br>LEI: 549300GXWD0QSMEEID35 | Long             | ABS-MBS          | CORP              | US        |       446902 | PA      | $374256.01    | 0.00%             | 2045-04-25      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |
| Ziply Fiber Issuer, LLC                                                             | Ziply Fiber Issuer LLC                                                           | CUSIP: 98979QAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21825000 | PA      | $22363128.11  | 0.23%             | 2054-04-20      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC                                                             | Aircastle Ltd / Aircastle Ireland DAC                                            | CUSIP: 00929JAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     14665000 | PA      | $14598221.02  | 0.15%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                                  | Realty Income Corp                                                               | CUSIP: 000000000<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |      4700000 | PA      | $5823386.01   | 0.06%             | 2034-07-06      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YFA8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     10725000 | PA      | $10854291.38  | 0.11%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust                                      | Finance Of America Structured Securities Trust Series 2024-S2                    | CUSIP: 31739VAA2<br>LEI: 2549004CLYOCOW3IBQ95 | Long             | ABS-O            | CORP              | US        |     24077977 | PA      | $23182006.77  | 0.24%             | 2074-04-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| NextGear Floorplan Master Owner Trust                                               | NextGear Floorplan Master Owner Trust                                            | CUSIP: 65341KCC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13650000 | PA      | $13622712.29  | 0.14%             | 2029-09-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                                                                 | SG Residential Mortgage Trust 2021-1                                             | CUSIP: 784212AB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5216685 | PA      | $4285692.15   | 0.04%             | 2061-07-25      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                                               | Tennessee Valley Authority                                                       | CUSIP: 880591FC1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |     18625000 | PA      | $17655042.78  | 0.18%             | 2055-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                                      | Morgan Stanley Capital I Trust 2014-150E                                         | CUSIP: 61764BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6695000 | PA      | $5946639.60   | 0.06%             | 2032-09-09      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                                                      | SWCH Commercial Mortgage Trust 2025-DATA                                         | CUSIP: 78489CAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7960000 | PA      | $7870379.95   | 0.08%             | 2042-02-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                       | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     27365000 | PA      | $27432575.95  | 0.29%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| QDOBA Funding LLC                                                                   | Qdoba Funding LLC                                                                | CUSIP: 746954AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10234350 | PA      | $10662565.44  | 0.11%             | 2053-09-14      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2019-4                                                 | CUSIP: 89178BAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3680000 | PA      | $3067497.12   | 0.03%             | 2059-10-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179WVT2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     13353866 | PA      | $10730185.58  | 0.11%             | 2052-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                                                            | Octane Receivables Trust 2023-1                                                  | CUSIP: 67571BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3045000 | PA      | $3062335.79   | 0.03%             | 2029-07-20      | Fixed         | 5.96%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                                                                | FirstKey Homes 2021-SFR1 Trust                                                   | CUSIP: 33767WAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6770000 | PA      | $6489119.47   | 0.07%             | 2038-08-17      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) LP                                                     | Lyra Music Assets Delaware LP                                                    | CUSIP: 552339AA1<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |      9985668 | PA      | $9836632.15   | 0.10%             | 2064-12-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                                     | SBA Tower Trust                                                                  | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              |  | US        |      6595000 | PA      | $6268529.03   | 0.07%             | 2026-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179Y5L4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     18726143 | PA      | $18608674.43  | 0.19%             | 2054-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                         | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-6201687.31  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| DBSG 2024-ALTA Mortgage Trust                                                       | DBSG 2024-ALTA Mortgage Trust                                                    | CUSIP: 239918AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3015000 | PA      | $3061575.42   | 0.03%             | 2037-06-10      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER MEXICO                                                              | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | CUSIP: 05969BAC7<br>LEI: SCRYQ25DTVRHYYMM6P89 | Long             | DBT              | CORP              | MX        |      6900000 | PA      | $7242578.10   | 0.08%             | 2028-10-01      | Fixed         | 7.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3138WJM96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       618690 | PA      | $537709.50    | 0.01%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                                                               | United Parcel Service Inc                                                        | CUSIP: 911312CL8<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |      9990000 | PA      | $9927784.58   | 0.10%             | 2065-05-14      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     22550000 | PA      | $15190945.06  | 0.16%             | 2061-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| VATTENFALL AB                                                                       | Vattenfall AB                                                                    | CUSIP: 000000000<br>LEI: 549300T5RZ1HA5HZ3109 | Long             | DBT              | CORP              | SE        |      4713000 | PA      | $5731053.92   | 0.06%             | 2083-06-29      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWKG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     60302538 | PA      | $59732511.14  | 0.62%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWNX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18967184 | PA      | $18782958.52  | 0.20%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                                              | SLM Student Loan Trust 2003-10                                                   | CUSIP: 78442GJH0<br>LEI: 5493000NQN5E3MSIIG77 | Long             | ABS-O            | CORP              | US        |      2605496 | PA      | $2572394.68   | 0.03%             | 2068-12-17      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWKB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     19291598 | PA      | $17686315.27  | 0.18%             | 2053-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                            | Hess Midstream Operations LP                                                     | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       795000 | PA      | $786024.47    | 0.01%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                                                                | Kyndryl Holdings Inc                                                             | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |      3938000 | PA      | $3797791.17   | 0.04%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179WTY4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     11377266 | PA      | $9536045.90   | 0.10%             | 2051-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                                              | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |      2520000 | PA      | $2325737.99   | 0.02%             | 2030-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XLTG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19417171 | PA      | $16527755.62  | 0.17%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust                                                | Deephaven Residential Mortgage Trust 2021-3                                      | CUSIP: 24381VAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2163628 | PA      | $1896237.25   | 0.02%             | 2066-08-25      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133A8WX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1259385 | PA      | $1081897.94   | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                                                      | CFMT 2025-AB3 LLC                                                                | CUSIP: 15723JAA0<br>LEI: 984500B0B47A6AEABC92 | Long             | ABS-MBS          | CORP              | US        |      2000000 | PA      | $1886104.80   | 0.02%             | 2055-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                        | UBS Group AG                                                                     | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     16330000 | PA      | $15711089.73  | 0.16%             | 2027-08-10      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179WDS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      4210024 | PA      | $3675005.51   | 0.04%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                                        | CSMC 2018-RPL9 Trust                                                             | CUSIP: 12654PAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1988184 | PA      | $1915444.99   | 0.02%             | 2057-09-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                                 | Southern California Edison Co                                                    | CUSIP: 842400JD6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |      9175000 | PA      | $8059734.43   | 0.08%             | 2054-04-15      | Fixed         | 5.75%                 | 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      | $-406907.26   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XDC7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     11906311 | PA      | $10620679.91  | 0.11%             | 2052-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179Y5M2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     64764540 | PA      | $65486673.68  | 0.68%             | 2054-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179W5B0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     29563056 | PA      | $24778769.19  | 0.26%             | 2052-05-20      | Fixed         | 2.50%                 | 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        |      2500000 | PA      | $2543449.75   | 0.03%             | 2030-02-15      | Fixed         | 8.40%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2022-4                                                | CUSIP: 92538NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3357259 | PA      | $3337688.12   | 0.03%             | 2067-04-25      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE                                                            | Northwestern Mutual Life Insurance Co/The                                        | CUSIP: 668138AC4<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |     17534000 | PA      | $11602368.96  | 0.12%             | 2059-09-30      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DPG36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24930990 | PA      | $21317677.63  | 0.22%             | 2050-11-01      | Fixed         | 3.00%                 | 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        |      3750000 | PA      | $3413485.50   | 0.04%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| MARKET BIDCO FINCO PLC                                                              | Market Bidco Finco PLC                                                           | CUSIP: 000000000<br>LEI: 549300UGYX6EBVHRVG53 | Long             | DBT              | CORP              | GB        |      5000000 | PA      | $6552746.03   | 0.07%             | 2027-11-04      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                                                                            | AT&T Inc                                                                         | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     13760000 | PA      | $9096489.28   | 0.09%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BANQUE OUEST AFRICAINE D                                                            | Banque Ouest Africaine de Developpement                                          | CUSIP: 06675QAC7<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | XX        |      7205000 | PA      | $6517600.13   | 0.07%             | 2031-10-22      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Cogent IPv4 LLC                                                                     | Cogent Ipv4 LLC                                                                  | CUSIP: 19240JAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21950000 | PA      | $22280160.93  | 0.23%             | 2055-04-25      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                                    | Altria Group Inc                                                                 | CUSIP: 02209SAX1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |      2000000 | PA      | $2270155.37   | 0.02%             | 2025-06-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133A6UM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       483853 | PA      | $421188.45    | 0.00%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                                                   | Clean Harbors Inc                                                                | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |       650000 | PA      | $661447.15    | 0.01%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      8275000 | PA      | $8074299.56   | 0.08%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                                                  | Zegona Finance PLC                                                               | CUSIP: 000000000<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |      5000000 | PA      | $6032078.74   | 0.06%             | 2029-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132D6D80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4268451 | PA      | $4137364.44   | 0.04%             | 2038-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ESC CB144A UNIFIN FINA                                                              | ESC CB144A UNIFIN FINA                                                           | CUSIP: 904ESCAN0<br>LEI: 5493007GRMPGDJG93Z17 | Long             | DBT              | CORP              | MX        |      2350000 | PA      | $117500.00    | 0.00%             | 2029-01-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XRM36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24495869 | PA      | $22530804.88  | 0.23%             | 2053-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                                            | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |      1080000 | PA      | $1090922.68   | 0.01%             | 2030-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XGQC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20331210 | PA      | $17457211.64  | 0.18%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EDH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18581278 | PA      | $17154128.81  | 0.18%             | 2037-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SPDR Portfolio High Yield Bond ETF                                                  | SPDR Portfolio High Yield Bond ETF                                               | CUSIP: 78468R606<br>LEI: N/A                  | Long             | EC               | RF                | US        |       844925 | NS      | $19855737.50  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      8070000 | PA      | $7532840.63   | 0.08%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179X5G7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     14388991 | PA      | $14011513.65  | 0.15%             | 2053-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                                                  | Dominican Republic International Bond                                            | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      1000000 | PA      | $937900.00    | 0.01%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                          | US Bancorp                                                                       | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     33830000 | PA      | $34931528.82  | 0.36%             | 2034-06-12      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                              | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      4705000 | PA      | $4437617.48   | 0.05%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Tele Columbus AG                                                                    | Tele Columbus AG                                                                 | CUSIP: 000000000<br>LEI: 3912004GMFDLY04RUQ19 | Long             | DBT              | CORP              | DE        |       173494 | PA      | $151685.21    | 0.00%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ALLIANZ SE                                                                          | Allianz SE                                                                       | CUSIP: 018820AC4<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |     21185000 | PA      | $21795255.11  | 0.23%             | 2053-09-06      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITD                                                            | Perrigo Finance Unlimited Co                                                     | CUSIP: 714295AA0<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |      1500000 | PA      | $1159942.35   | 0.01%             | 2044-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SHERWOOD FINANCING PLC                                                              | Sherwood Financing PLC                                                           | CUSIP: 000000000<br>LEI: 259400SSZWSSPNYW7K08 | Long             | DBT              | CORP              | GB        |      5000000 | PA      | $5649142.22   | 0.06%             | 2026-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418XGC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       487518 | PA      | $484631.50    | 0.01%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEXI SPA                                                                            | Nexi SpA                                                                         | CUSIP: 000000000<br>LEI: 5493000P70CQRQG8SN85 | Long             | DBT              | CORP              | IT        |      6000000 | PA      | $6555180.60   | 0.07%             | 2029-04-30      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                                                   | GEO Group Inc/The                                                                | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |      2190000 | PA      | $2311711.90   | 0.02%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| TOLL ROAD INV PART II                                                               | Toll Road Investors Partnership II LP                                            | CUSIP: 88948ABD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1150000 | PA      | $969380.36    | 0.01%             | 2028-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                                    | Cinemark USA Inc                                                                 | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |       700000 | PA      | $690574.71    | 0.01%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Booking Holdings, Inc.                                                              | Booking Holdings, Inc.                                                           | CUSIP: 000000000<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |      2500000 | PA      | $2984201.35   | 0.03%             | 2033-05-12      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31415SMA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       111252 | PA      | $113227.08    | 0.00%             | 2038-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                                                            | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |       925000 | PA      | $871919.25    | 0.01%             | 2030-01-15      | Fixed         | 4.75%                 | 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        |     17330848 | PA      | $16829284.12  | 0.18%             | 2027-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                                             | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |      2220000 | PA      | $2469528.00   | 0.03%             | 2031-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                             | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1600000 | PA      | $1671460.80   | 0.02%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     32945000 | PA      | $23725547.66  | 0.25%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| ENERGIA GROUP ROI                                                                   | Energia Group Roi Financeco DAC                                                  | CUSIP: 000000000<br>LEI: 2138006WRV8S2EFW9516 | Long             | DBT              | CORP              | IE        |      3180000 | PA      | $3737554.69   | 0.04%             | 2028-07-31      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                 | CUSIP: 95000U2M4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     11530000 | PA      | $10116846.19  | 0.11%             | 2051-04-04      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                                                     | Telefonaktiebolaget LM Ericsson                                                  | CUSIP: 000000000<br>LEI: 549300W9JLPW15XIFM52 | Long             | DBT              | CORP              | SE        |      1550000 | PA      | $1623580.02   | 0.02%             | 2029-05-26      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31402DGY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        27267 | PA      | $27738.12     | 0.00%             | 2034-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                                                            | Northriver Midstream Finance LP                                                  | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |      4440000 | PA      | $4480541.64   | 0.05%             | 2032-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31410DNC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         6290 | PA      | $6584.70      | 0.00%             | 2036-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                                                            | Store Master Funding I-VII XIV XIX XX XXIV                                       | CUSIP: 86212XAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6930000 | PA      | $6980884.23   | 0.07%             | 2053-06-20      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                         | Asurion LLC 2020 Term Loan B8                                                    | CUSIP: 04649VAX8<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |      9829003 | PA      | $9816028.55   | 0.10%             | 2026-12-23      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                                          | MFA 2020-NQM3 Trust                                                              | CUSIP: 552757AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       529661 | PA      | $498606.62    | 0.01%             | 2065-01-26      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                            | Occidental Petroleum Corp                                                        | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |      4169000 | PA      | $4244338.00   | 0.04%             | 2031-01-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                                                                | FREMF 2020-KF76 Mortgage Trust                                                   | CUSIP: 30316EAE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      4173752 | PA      | $4072760.60   | 0.04%             | 2030-01-25      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133A6ZT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1378131 | PA      | $1199689.36   | 0.01%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PARTNERRE FINANCE B LLC                                                             | PartnerRe Finance B LLC                                                          | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |      7490000 | PA      | $6924776.14   | 0.07%             | 2050-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                                              | ConocoPhillips Co                                                                | CUSIP: 20826FBN5<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |      3975000 | PA      | $3661178.52   | 0.04%             | 2065-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                            | Celanese US Holdings LLC                                                         | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |       645000 | PA      | $660096.23    | 0.01%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                                                             | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       995000 | PA      | $921720.22    | 0.01%             | 2032-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EJ50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38909377 | PA      | $35723649.92  | 0.37%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HIGHMARK INC                                                                        | Highmark Inc                                                                     | CUSIP: 431116AE2<br>LEI: 549300B6868ZXXEB2Y57 | Long             | DBT              | CORP              | US        |     11720000 | PA      | $9938910.66   | 0.10%             | 2031-05-10      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                            | Mars Inc                                                                         | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     13470000 | PA      | $13067246.46  | 0.14%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                            | Vistra Operations Co LLC                                                         | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     20190000 | PA      | $19812232.18  | 0.21%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Monroe Capital ABS Funding LTD                                                      | Monroe Capital ABS Funding II Ltd                                                | CUSIP: 61035MAS1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1245000 | PA      | $1244088.66   | 0.01%             | 2034-07-22      | Fixed         | 6.77%                 | No            |                  2 | On Loan: No      |
| MNR ABS ISSUER I LLC                                                                | MNR ABS ISSUER I LLC                                                             | CUSIP: 55317XAA7<br>LEI: 254900P5PAYARXBH9O74 | Long             | ABS-O            | CORP              | US        |      6203475 | PA      | $6281018.66   | 0.07%             | 2038-12-15      | Fixed         | 8.12%                 | No            |                  3 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                                              | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAB1<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |       920000 | PA      | $940271.28    | 0.01%             | 2028-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                          | Intel Corp                                                                       | CUSIP: 458140CM0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |      4135000 | PA      | $3672187.69   | 0.04%             | 2054-02-21      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140QF4K2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9320237 | PA      | $7660165.79   | 0.08%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                                 | GS Mortgage-Backed Securities Trust 2024-RPL2                                    | CUSIP: 36269MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12213794 | PA      | $11812055.70  | 0.12%             | 2061-07-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FEC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30429932 | PA      | $29468121.26  | 0.31%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2023-CES3                                                    | CUSIP: 749407AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16330300 | PA      | $16566881.99  | 0.17%             | 2043-11-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| NETAPP INC                                                                          | NetApp Inc                                                                       | CUSIP: 64110DAN4<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |     20090000 | PA      | $20191073.19  | 0.21%             | 2035-03-17      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                                                            | Piedmont Operating Partnership LP                                                | CUSIP: 720198AF7<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |      2670000 | PA      | $2146247.59   | 0.02%             | 2032-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                                            | Standard Industries Inc/NY                                                       | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |       795000 | PA      | $789585.33    | 0.01%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31407H4E3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         4408 | PA      | $4600.66      | 0.00%             | 2036-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CASTELLUM AB                                                                        | Castellum AB                                                                     | CUSIP: 000000000<br>LEI: 549300GU5OHTR1T5IY68 | Long             | DBT              | CORP              | SE        |      5000000 | PA      | $5513109.91   | 0.06%             | 2026-12-02      | Fixed         | 3.13%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DP3S5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7553122 | PA      | $6701264.95   | 0.07%             | 2052-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                                                    | Vertical Bridge Holdings LLC                                                     | CUSIP: 92535VAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5000000 | PA      | $4955528.00   | 0.05%             | 2050-09-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XJZ30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4328333 | PA      | $4192834.54   | 0.04%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ACCORINVEST GROUP SA                                                                | AccorInvest Group SA                                                             | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |      5400000 | PA      | $6187344.61   | 0.06%             | 2031-11-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Imperial Fund LLC                                                                   | Imperial Fund Mortgage Trust 2022-NQM3                                           | CUSIP: 45276KAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17223000 | PA      | $14636659.98  | 0.15%             | 2067-05-25      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                                            | Delta Air Lines Inc / SkyMiles IP Ltd                                            | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     32400000 | PA      | $32274520.63  | 0.34%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Whole Loan Securities Trust                                             | Freddie Mac Whole Loan Securities Trust 2015-SC01                                | CUSIP: 3137G1AA5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       100268 | PA      | $89967.74     | 0.00%             | 2045-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                                                           | ALA Trust 2025-OANA                                                              | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $5020941.00   | 0.05%             | 2030-06-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| SFAVE Commercial Mortgage Securities Trust                                          | SFAVE Commercial Mortgage Securities Trust 2015-5AVE                             | CUSIP: 78413MAE8<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $2532318.60   | 0.03%             | 2043-01-05      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179RS83<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       931795 | PA      | $824652.07    | 0.01%             | 2045-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                                            | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       910000 | PA      | $961008.23    | 0.01%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XLF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     12223217 | PA      | $11231393.77  | 0.12%             | 2052-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DP6C7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6860938 | PA      | $6819192.98   | 0.07%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TierPoint Issuer LLC                                                                | TierPoint Issuer LLC                                                             | CUSIP: 88651CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3390000 | PA      | $3392422.16   | 0.04%             | 2053-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-BOBL FUTURE JUN25                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         -647 | NC      | $-256081.70   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Venture CDO Ltd                                                                     | Venture XXX CLO Ltd                                                              | CUSIP: 92331NAE6<br>LEI: 5493001R7OPCYBM5NH78 | Long             | ABS-CBDO         | CORP              | KY        |       250000 | PA      | $249976.10    | 0.00%             | 2031-01-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Bank                                                                                | BANK 2022-BNK44                                                                  | CUSIP: 06540KAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1085000 | PA      | $1126984.62   | 0.01%             | 2055-11-15      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| SEB Funding LLC                                                                     | SEB Funding LLC                                                                  | CUSIP: 78433DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4114688 | PA      | $4028556.80   | 0.04%             | 2052-01-30      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                                                           | News Corp                                                                        | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |     22230000 | PA      | $21082916.44  | 0.22%             | 2029-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                         | BNP Paribas SA                                                                   | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |      5220000 | PA      | $5430068.46   | 0.06%             | 2029-08-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                                                         | Viatris Inc                                                                      | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |     13302000 | PA      | $8511614.19   | 0.09%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                            | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |      1015000 | PA      | $1080851.17   | 0.01%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                                                             | TRTX 2022-FL5 Issuer Ltd                                                         | CUSIP: 87277JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1117862 | PA      | $1117097.96   | 0.01%             | 2039-02-15      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                                             | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     23655000 | PA      | $23739908.68  | 0.25%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| 1345 Trust                                                                          | 1345T 2025-AOA                                                                   | CUSIP: 68271CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2300000 | PA      | $2305044.82   | 0.02%             | 2030-06-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through Securities                                            | Freddie Mac Structured Pass-Through Certificates                                 | CUSIP: 31394JDB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        22858 | PA      | $22045.35     | 0.00%             | 2043-07-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                        | UBS Group AG                                                                     | CUSIP: 902613BN7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     13035000 | PA      | $12996735.76  | 0.14%             | 2029-09-10      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                                                           | Emera Inc                                                                        | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |     21215000 | PA      | $21319208.08  | 0.22%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                                                              | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      5000000 | PA      | $5854783.88   | 0.06%             | 2032-04-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| SDAL Trust                                                                          | SDAL Trust 2025-DAL                                                              | CUSIP: 78437RAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9875000 | PA      | $9932795.41   | 0.10%             | 2042-04-15      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                         | PURCHASED JPY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | JP        |            1 | NC      | $-388813.07   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                            | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAW1<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |      6875000 | PA      | $6855299.48   | 0.07%             | 2028-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179Y5N0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     55659034 | PA      | $56872905.34  | 0.59%             | 2054-08-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140NCTU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6120720 | PA      | $5945764.58   | 0.06%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                                                         | FIGRE Trust 2023-HE2                                                             | CUSIP: 316925AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6776854 | PA      | $6903279.94   | 0.07%             | 2053-05-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                        | UBS Group AG                                                                     | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      4700000 | PA      | $6015178.42   | 0.06%             | 2029-03-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                            | Occidental Petroleum Corp                                                        | CUSIP: 674599EM3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |      4150000 | PA      | $3607198.26   | 0.04%             | 2054-10-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MERCADOLIBRE INC                                                                    | MercadoLibre Inc                                                                 | CUSIP: 58733RAF9<br>LEI: 549300DKPDN9M5S8GB14 | Long             | DBT              | CORP              | US        |     12050000 | PA      | $10725158.29  | 0.11%             | 2031-01-14      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EZL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15015434 | PA      | $14875418.36  | 0.15%             | 2054-01-01      | Fixed         | 5.50%                 | 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        |       710000 | PA      | $736305.50    | 0.01%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                                                            | Piedmont Operating Partnership LP                                                | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |      6908000 | PA      | $7628378.40   | 0.08%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                                 | Southern California Edison Co                                                    | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |      1655000 | PA      | $1072051.72   | 0.01%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                              | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     48260000 | PA      | $48342946.88  | 0.50%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  1 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2023-CES2                                                    | CUSIP: 748956AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7110296 | PA      | $7180499.00   | 0.07%             | 2043-09-25      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| MAGNA INTERNATIONAL INC                                                             | Magna International Inc                                                          | CUSIP: 559222BD5<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | DBT              | CORP              | CA        |      2395000 | PA      | $2413351.62   | 0.03%             | 2035-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                    | CMWLTH FING AUTH PA                                                              | CUSIP: 20281PKG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      1995000 | PA      | $1803803.79   | 0.02%             | 2038-06-01      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                                                                   | Upbound Group Inc                                                                | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |      5750000 | PA      | $5501738.23   | 0.06%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                              | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      3625000 | PA      | $3589316.41   | 0.04%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  1 | On Loan: No      |
| Springcastle SPV                                                                    | SpringCastle America Funding LLC                                                 | CUSIP: 85022WAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1369478 | PA      | $1281228.13   | 0.01%             | 2037-09-25      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DM5R2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10540494 | PA      | $8232482.06   | 0.09%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                                                       | AIB Group PLC                                                                    | CUSIP: 00135TAF1<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |      6800000 | PA      | $6859948.53   | 0.07%             | 2031-05-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 20-1 A PTT                                                              | British Airways 2020-1 Class A Pass Through Trust                                | CUSIP: 11044MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4562980 | PA      | $4305643.88   | 0.04%             | 2032-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XBU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9961867 | PA      | $9452748.79   | 0.10%             | 2052-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TELEFONICA EUROPE BV                                                                | Telefonica Europe BV                                                             | CUSIP: 000000000<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |      5000000 | PA      | $6020667.46   | 0.06%             | 2030-02-03      | Fixed         | 6.14%                 | Yes           |                  2 | On Loan: No      |
| DAI-ICHI LIFE INSURANCE                                                             | Dai-ichi Life Insurance Co Ltd/The                                               | CUSIP: 23381LAA2<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |     27415000 | PA      | $27211401.13  | 0.28%             | 2035-01-16      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                                                               | United Parcel Service Inc                                                        | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |      9955000 | PA      | $9907132.78   | 0.10%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133USKV2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22736491 | PA      | $18527604.91  | 0.19%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                                                  | Vodafone Group PLC                                                               | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |      4535000 | PA      | $4846746.88   | 0.05%             | 2080-08-27      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust                                       | BHG Securitization Trust 2021-A                                                  | CUSIP: 08861YAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6515000 | PA      | $6255487.35   | 0.07%             | 2033-11-17      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                                   | NatWest Group PLC                                                                | CUSIP: 639057AN8<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |     25310000 | PA      | $25798620.43  | 0.27%             | 2035-03-01      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                                                             | Booz Allen Hamilton Inc                                                          | CUSIP: 09951LAD5<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |     15260000 | PA      | $15100167.68  | 0.16%             | 2035-04-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Pagaya Point of Sale Holdings Grantor Trust                                         | Pagaya Point of Sale Holdings Grantor Trust 2025-1                               | CUSIP: 694952AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4000000 | PA      | $4012500.00   | 0.04%             | 2034-01-20      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                                         | Hertz Vehicle Financing III LLC                                                  | CUSIP: 42806MAK5<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |       408333 | PA      | $407469.47    | 0.00%             | 2026-06-25      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                                                | Kaiser Aluminum Corp                                                             | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       885000 | PA      | $860107.52    | 0.01%             | 2028-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE INSURANCE                                                             | New York Life Insurance Co                                                       | CUSIP: 64952GAE8<br>LEI: TAE73CY392TBWJ3O3305 | Long             | DBT              | CORP              | US        |     13030000 | PA      | $13520569.86  | 0.14%             | 2033-05-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES9                                                    | CUSIP: 749426AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6848616 | PA      | $6870811.77   | 0.07%             | 2044-12-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133KQWS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     61861532 | PA      | $61380923.39  | 0.64%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CORECIVIC INC                                                                       | CoreCivic Inc                                                                    | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |      4010000 | PA      | $4238304.74   | 0.04%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                                             | National Australia Bank Ltd                                                      | CUSIP: 632525BB6<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |     16365000 | PA      | $14241884.92  | 0.15%             | 2037-01-12      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CIRSA FINANCE INTER                                                                 | Cirsa Finance International Sarl                                                 | CUSIP: 000000000<br>LEI: 254900KUJN6DHWH2K029 | Long             | DBT              | CORP              | LU        |      5188500 | PA      | $6214714.35   | 0.06%             | 2027-11-30      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| ICELAND BONDCO PLC                                                                  | Iceland Bondco PLC                                                               | CUSIP: 000000000<br>LEI: 2138002DRBYIA8QXHO36 | Long             | DBT              | CORP              | GB        |      5000000 | PA      | $7140958.41   | 0.07%             | 2027-12-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                                                    | ABN AMRO Bank NV                                                                 | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |      4900000 | PA      | $5494576.52   | 0.06%             | 2027-09-22      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |            1 | NC      | $-524154.65   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MFRA Trust                                                                          | MFA 2020-NQM3 Trust                                                              | CUSIP: 552757AD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2650000 | PA      | $2414115.82   | 0.03%             | 2065-01-26      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| Unifin Financiera SAB de CV                                                         | Unifin Financiera SAB de CV                                                      | CUSIP: 000000000<br>LEI: 5493007GRMPGDJG93Z17 | Long             | EC               | CORP              | MX        |       305668 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VIATRIS INC                                                                         | Viatris Inc                                                                      | CUSIP: 92556VAE6<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |     10610000 | PA      | $7542086.78   | 0.08%             | 2040-06-22      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133KPFN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18726997 | PA      | $15957245.93  | 0.17%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TELEPERFORMANCE                                                                     | Teleperformance SE                                                               | CUSIP: 000000000<br>LEI: 9695004GI61FHFFNRG61 | Long             | DBT              | CORP              | FR        |      5300000 | PA      | $6519777.27   | 0.07%             | 2031-11-22      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2022-NQM7 Trust                                                              | CUSIP: 67117DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4140926 | PA      | $4113142.90   | 0.04%             | 2062-08-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EGG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21580241 | PA      | $18386380.18  | 0.19%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                                              | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      6950000 | PA      | $6967117.85   | 0.07%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                           | Boeing Co/The                                                                    | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      6600000 | PA      | $6180439.98   | 0.06%             | 2050-05-01      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP                                                            | Sally Holdings LLC / Sally Capital Inc                                           | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       785000 | PA      | $797537.24    | 0.01%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ESSENT GROUP LTD                                                                    | Essent Group Ltd                                                                 | CUSIP: 29669JAA7<br>LEI: 254900QUO860OUT6ZF83 | Long             | DBT              | CORP              | BM        |      7855000 | PA      | $8097157.79   | 0.08%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3138EQBQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       154197 | PA      | $159465.90    | 0.00%             | 2036-08-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     37570000 | PA      | $33595798.44  | 0.35%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  1 | On Loan: No      |
| NEWELL BRANDS INC                                                                   | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      1055000 | PA      | $991114.25    | 0.01%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DSRG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     11417965 | PA      | $11079129.21  | 0.12%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     45210000 | PA      | $34144146.32  | 0.36%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  1 | On Loan: No      |
| NBC Funding LLC                                                                     | NBC Funding LLC                                                                  | CUSIP: 62878YAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     22089000 | PA      | $22388109.36  | 0.23%             | 2054-07-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                                                                | Wingstop Funding LLC                                                             | CUSIP: 974153AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9500000 | PA      | $9609455.20   | 0.10%             | 2054-12-05      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWNG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18332318 | PA      | $17754288.83  | 0.18%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                                                     | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                               | CUSIP: 34461WAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3175000 | PA      | $3155156.25   | 0.03%             | 2039-12-15      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Five Guys Funding, LLC                                                              | Five Guys Holdings Inc                                                           | CUSIP: 33830JAE5<br>LEI: 549300XWT8G8Q3Z3HJ19 | Long             | ABS-O            | CORP              | US        |      8323175 | PA      | $8570180.20   | 0.09%             | 2054-01-26      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XFH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      6525867 | PA      | $6196340.40   | 0.06%             | 2052-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                                                         | FIGRE Trust 2024-HE5                                                             | CUSIP: 31684FAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4993459 | PA      | $5010163.59   | 0.05%             | 2054-10-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                                                | Fannie Mae REMIC Trust 2003-W14                                                  | CUSIP: 31393E6M6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        87382 | PA      | $85570.86     | 0.00%             | 2043-01-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                                                | Fannie Mae REMIC Trust 2004-W11                                                  | CUSIP: 31394AB54<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       517898 | PA      | $520926.81    | 0.01%             | 2044-05-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418CXN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       719847 | PA      | $671511.84    | 0.01%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 200 PARK FUNDING TRUST                                                              | 200 Park Funding Trust                                                           | CUSIP: 901928AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25765000 | PA      | $24846205.67  | 0.26%             | 2055-02-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Bunker Hill Loan Depositary Trust                                                   | Bunker Hill Loan Depositary Trust 2019-3                                         | CUSIP: 12062BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       240816 | PA      | $237521.73    | 0.00%             | 2059-11-25      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XPN39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22577352 | PA      | $21341091.61  | 0.22%             | 2053-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     22960000 | PA      | $20632609.32  | 0.21%             | 2044-08-15      | Fixed         | 4.13%                 | No            |                  1 | On Loan: No      |
| BANCO INDUSTRIAL SA                                                                 | Banco Industrial SA/Guatemala                                                    | CUSIP: 05991CAA1<br>LEI: 529900GF99QF67JEQU85 | Long             | DBT              | CORP              | GT        |      6100000 | PA      | $5978000.18   | 0.06%             | 2031-01-29      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                                           | Ball Corp                                                                        | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |       825000 | PA      | $731201.63    | 0.01%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ENTERGY MISSISSIPPI LLC                                                             | Entergy Mississippi LLC                                                          | CUSIP: 29366WAG1<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |      5970000 | PA      | $5772384.70   | 0.06%             | 2055-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                            | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      9000000 | PA      | $9071127.00   | 0.09%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31410ECX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        12768 | PA      | $13144.38     | 0.00%             | 2036-08-01      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                                        | CaixaBank SA                                                                     | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |      2800000 | PA      | $3399853.30   | 0.04%             | 2033-02-23      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EDE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9665601 | PA      | $8585617.13   | 0.09%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     22135000 | PA      | $21727221.95  | 0.23%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                                            | British Telecommunications PLC                                                   | CUSIP: 000000000<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |      5000000 | PA      | $7198062.98   | 0.07%             | 2083-12-20      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp                                                                         | Oracle Corp                                                                      | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      4405000 | PA      | $2930908.33   | 0.03%             | 2060-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                                 | Global Payments Inc                                                              | CUSIP: 37940XAR3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     10480000 | PA      | $9738334.49   | 0.10%             | 2052-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 5YR NOTE (CBT) SEP25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         5226 | NC      | $1583937.89   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO GROUP INC/THE                                                                   | GEO Group Inc/The                                                                | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |      1135000 | PA      | $1244126.63   | 0.01%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| ENI SPA                                                                             | Eni SpA                                                                          | CUSIP: 26874RAP3<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |     17465000 | PA      | $16343760.62  | 0.17%             | 2054-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24347855 | PA      | $18972690.25  | 0.20%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2024-BIO                                                                | CUSIP: 05612AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10995000 | PA      | $10912537.50  | 0.11%             | 2041-02-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PDU7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      5170000 | PA      | $5274816.48   | 0.05%             | 2029-07-24      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                              | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     59060000 | PA      | $56328475.00  | 0.59%             | 2055-02-15      | Fixed         | 4.63%                 | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     12080000 | PA      | $10401380.84  | 0.11%             | 2032-10-20      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179WVU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     18657501 | PA      | $15638096.37  | 0.16%             | 2052-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT AS                                                              | Nykredit Realkredit AS                                                           | CUSIP: 000000000<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |      5400000 | PA      | $6097401.18   | 0.06%             | 2026-04-15      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWGD9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15913072 | PA      | $14120700.62  | 0.15%             | 2053-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTACT FINANCIAL CORP                                                               | Intact Financial Corp                                                            | CUSIP: 45823TAL0<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | DBT              | CORP              | CA        |     20414000 | PA      | $20407026.17  | 0.21%             | 2032-09-22      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     16465000 | PA      | $15313603.21  | 0.16%             | 2029-06-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| 6297782 LLC                                                                         | South Bow USA Infrastructure Holdings LLC                                        | CUSIP: 83007CAC6<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |     14860000 | PA      | $14735049.99  | 0.15%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                                                   | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |      1205000 | PA      | $1197455.01   | 0.01%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179WY85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     30747836 | PA      | $24706701.51  | 0.26%             | 2052-03-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                                                         | Aker BP ASA                                                                      | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |      1200000 | PA      | $1263347.22   | 0.01%             | 2029-05-12      | Fixed         | 1.13%                 | Yes           |                  2 | On Loan: No      |
| Zayo Issuer LLC                                                                     | Zayo Issuer LLC                                                                  | CUSIP: 98919WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2540000 | PA      | $2565201.63   | 0.03%             | 2055-06-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CRSO TR 2023 BRND                                                                   | CRSO TR 2023 BRND                                                                | CUSIP: 228925AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17995000 | PA      | $18811699.48  | 0.20%             | 2040-07-10      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| CCAS LLC                                                                            | CCAS 2024-1 LLC                                                                  | CUSIP: 12516NAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     18589000 | PA      | $18790984.36  | 0.20%             | 2031-06-16      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                                                             | TRTX 2025-FL6 Issuer Ltd                                                         | CUSIP: 897764AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     10000000 | PA      | $9993747.00   | 0.10%             | 2042-09-18      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2020-1                                                  | CUSIP: 46651XBH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       998496 | PA      | $889312.76    | 0.01%             | 2050-06-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                                                                | GCAT 2022-NQM3 Trust                                                             | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1003229 | PA      | $990695.69    | 0.01%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 3618N5C23<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9524346 | PA      | $8477602.61   | 0.09%             | 2054-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc                                                               | Reynolds American Inc                                                            | CUSIP: 761713BW5<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |       285000 | PA      | $293133.95    | 0.00%             | 2041-08-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VERISURE HOLDING AB                                                                 | Verisure Holding AB                                                              | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | DBT              | CORP              | SE        |      5445000 | PA      | $6432683.24   | 0.07%             | 2030-05-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                                         | Hertz Vehicle Financing III LLC                                                  | CUSIP: 42806MCE7<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |     10700000 | PA      | $11075358.14  | 0.12%             | 2030-03-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133KJZC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9449246 | PA      | $7714307.50   | 0.08%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133KKUC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     25498951 | PA      | $20781069.13  | 0.22%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                                 | Southern California Edison Co                                                    | CUSIP: 842400JH7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     14670000 | PA      | $13172716.43  | 0.14%             | 2055-03-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE                                                               | Nippon Life Insurance Co                                                         | CUSIP: 654579AK7<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |      2200000 | PA      | $1876917.44   | 0.02%             | 2051-09-16      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140QEPY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       171072 | PA      | $147089.56    | 0.00%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE INSURANCE                                                             | Guardian Life Insurance Co of America/The                                        | CUSIP: 401378AC8<br>LEI: N1YIDVMMKBHFYCCAIX69 | Long             | DBT              | CORP              | US        |     13670000 | PA      | $11041447.10  | 0.11%             | 2077-01-24      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2019-RPL3                                    | CUSIP: 64830NAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10800000 | PA      | $9558803.52   | 0.10%             | 2059-07-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                                 | GS Mortgage-Backed Securities Corp Trust 2019-PJ2                                | CUSIP: 36257LAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       140630 | PA      | $131503.13    | 0.00%             | 2049-11-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SIGMA HOLDCO BV                                                                     | Sigma Holdco BV                                                                  | CUSIP: 000000000<br>LEI: 254900RAPCKVT00GAO59 | Long             | DBT              | CORP              | NL        |       409860 | PA      | $463684.73    | 0.00%             | 2026-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YFV2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     12570000 | PA      | $11976830.25  | 0.12%             | 2055-11-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 10YR ULTRA FUT SEP25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         -802 | NC      | $-157925.83   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Golub Capital Partners Funding                                                      | Golub Capital Partners ABS Funding 2024-1                                        | CUSIP: 38179VAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7525000 | PA      | $7582244.56   | 0.08%             | 2034-01-25      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                             | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |      3985000 | PA      | $4041559.11   | 0.04%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                              | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    218050000 | PA      | $217181205.94 | 2.26%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  1 | On Loan: No      |
| Zaxby's Funding LLC                                                                 | Zaxbys Funding LLC                                                               | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4735500 | PA      | $4332866.95   | 0.05%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XGJS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33483333 | PA      | $28651124.47  | 0.30%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PSEG POWER LLC                                                                      | PSEG Power LLC                                                                   | CUSIP: 69362BBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12505000 | PA      | $12594760.01  | 0.13%             | 2035-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury STRIPS Coupon                                                      | CUSIP: 912834NP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     12985000 | PA      | $4869359.29   | 0.05%             | 2044-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                                              | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |      1415000 | PA      | $1453807.79   | 0.02%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Gold Pool                                                            | CUSIP: 3128M6QT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        17148 | PA      | $17426.01     | 0.00%             | 2038-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ECMC Group Student Loan Trust                                                       | ECMC Group Student Loan Trust 2020-3                                             | CUSIP: 26833BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2061259 | PA      | $2070320.96   | 0.02%             | 2070-01-27      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140KEHY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1458131 | PA      | $1249779.99   | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3133KPGK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        93418 | PA      | $83382.66     | 0.00%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                                                         | FIGRE Trust 2023-HE1                                                             | CUSIP: 302455AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9581845 | PA      | $9646957.28   | 0.10%             | 2053-03-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                              | Santander Holdings USA Inc                                                       | CUSIP: 80282KBH8<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     11775000 | PA      | $12963097.50  | 0.13%             | 2031-11-09      | Fixed         | 7.66%                 | 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        |      1927000 | PA      | $1470576.18   | 0.02%             | 2043-01-05      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae I Pool                                                                | CUSIP: 36211LLA8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |           97 | PA      | $96.99        | 0.00%             | 2029-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                             | HCA Inc                                                                          | CUSIP: 404121AL9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     10465000 | PA      | $9870047.69   | 0.10%             | 2054-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                                           | BPR Trust 2022-OANA                                                              | CUSIP: 05592DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $4998437.50   | 0.05%             | 2037-04-15      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XGZN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9726789 | PA      | $7937980.34   | 0.08%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Net Lease Fund                                          | Oak Street Investment Grade Net Lease Fund Series 2020-1                         | CUSIP: 67181DAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5359500 | PA      | $5198418.62   | 0.05%             | 2050-11-20      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| Shellpoint Co-Originator Trust                                                      | Shellpoint Co-Originator Trust 2016-1                                            | CUSIP: 82281EBY2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3929994 | PA      | $3608171.25   | 0.04%             | 2046-11-25      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| Westlake Corp.                                                                      | Westlake Corp.                                                                   | CUSIP: 960413AV4<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |      2750000 | PA      | $2936678.06   | 0.03%             | 2029-07-17      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 3618N5A33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    169659129 | PA      | $164711573.49 | 1.71%             | 2054-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                                                | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |       920000 | PA      | $960296.92    | 0.01%             | 2030-01-01      | Fixed         | 7.50%                 | 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