# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001410368-25-030690
**Filing Date:** 2025-11
**Character Count:** 271535
**Document Hash:** aa4f45adb45f8b1b258d03962b04314a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-030690.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001410368-25-030690

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09253
- **FILM NUMBER:** 251516124

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

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

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

## Series and Classes Contracts Data

### Allspring Ultra Short-Term Municipal Income Fund (Series ID: S000007412)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020340 | Class A             | SMAVX           |
| C000020341 | Institutional Class | SMAIX           |
| C000064981 | Class C             | WFUSX           |
| C000092790 | Administrator Class | WUSMX           |
| C000205247 | Class R6            | WUSRX           |
| C000220296 | Class A2            | WFUNX           |

## Nport-Ex

Portfolio of investments—September 30, 2025 (unaudited)

Portfolio of investments

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

---

| | | |
|:---|:---|:---|
|  | Principal | Value |
| **Closed-end fund obligations: 1.37%** |  |  |
| **California: 0.48%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nuveen AMT-Free Municipal Credit Income Fund Preferred Shares <br> Series C (25 shares) 3.34%144Aø<br>| $2500000 | &nbsp;&nbsp; $2500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nuveen California AMT-Free Quality Municipal Income Fund Preferred <br> Shares Series A (22 shares) 3.34%144Aø<br>| 2200000 | &nbsp;&nbsp; 2200000 |
|  |  | &nbsp;&nbsp; **4700000** |
| **Massachusetts: 0.89%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nuveen AMT-Free Municipal Credit Income Fund Preferred Shares <br> Series B (38 shares) 3.34%144Aø<br>| 3750000 | &nbsp;&nbsp; 3750000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nuveen AMT-Free Quality Municipal Income Fund Preferred Shares <br> Series 4-4895 (50 shares) 2.97%144Aø<br>| 5000000 | &nbsp;&nbsp; 5000000 |
|  |  | &nbsp;&nbsp; **8750000** |
| **Total closed-end fund obligations (Cost $13,450,000)** |  | &nbsp;&nbsp; **13450000** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>|  |  |
| **Municipal obligations: 99.88%** |  |  |  |  |
| **Alabama: 6.15%** |  |  |  |  |
| **Health revenue: 0.60%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alabama Special Care Facilities Financing Authority-Birmingham <br> Children's Hospital of Alabama Obligated Group<br>| 5.00<br> %<br>| &nbsp;&nbsp; 6-1-2026 | 2500000 | &nbsp;&nbsp; 2503182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2025-<br> BAML5063 (SIFMA Municipal Swap+0.20%) (Bank of America N.A. <br> LOC, Bank of America N.A. LIQ)144A±<br>| 3.09 | &nbsp;&nbsp; 11-1-2054 | 3425000 | &nbsp;&nbsp; 3425000 |
|  |  |  |  | &nbsp;&nbsp; **5928182** |
| **Industrial development revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Development Board of the City of Mobile Alabama Power <br> Co.øø<br>| 3.30 | &nbsp;&nbsp; 7-15-2034 | 2000000 | &nbsp;&nbsp; **2002926** |
| **Utilities revenue: 5.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Project No. 4 Series A-1øø | 4.00 | &nbsp;&nbsp; 12-1-2049 | 2500000 | &nbsp;&nbsp; 2508349 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Series C | 5.50 | &nbsp;&nbsp; 6-1-2027 | 1270000 | &nbsp;&nbsp; 1314194 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Series C | 5.50 | &nbsp;&nbsp; 6-1-2028 | 1600000 | &nbsp;&nbsp; 1688926 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Series D | 5.00 | &nbsp;&nbsp; 11-1-2028 | 5000000 | &nbsp;&nbsp; 5252219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Series D2 (U.S. SOFR+1.40%) (Royal <br> Bank of Canada LIQ)±<br>| 4.19 | &nbsp;&nbsp; 7-1-2052 | 3500000 | &nbsp;&nbsp; 3528345 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Series E | 5.00 | &nbsp;&nbsp; 5-1-2029 | 1790000 | &nbsp;&nbsp; 1892601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chatom Industrial Development Board PowerSouth Energy <br> Cooperative Series A (National Rural Utility Finance SPA)ø<br>| 3.38 | &nbsp;&nbsp; 8-1-2037 | 1750000 | &nbsp;&nbsp; 1749416 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase Putters/Drivers Trust Series 2025-5087144Aø | 3.15 | &nbsp;&nbsp; 1-24-2026 | 5000000 | &nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase Putters/Drivers Trust Series 2025-5088144Aø## | 3.15 | &nbsp;&nbsp; 4-24-2026 | 20000000 | &nbsp;&nbsp; 20000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District Project No. 5 <br> Series A<br>| 5.00 | &nbsp;&nbsp; 7-1-2026 | 1750000 | &nbsp;&nbsp; 1771129 |
| &nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District Series F | 5.25 | &nbsp;&nbsp; 11-1-2026 | 3000000 | &nbsp;&nbsp; 3071331 |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 1

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2023-ZF3199 <br> (Morgan Stanley Bank LIQ)144Aø<br>| 3.14<br> %<br>| &nbsp;&nbsp; 4-1-2054 | $2755000 | &nbsp;&nbsp; $2755000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Jefferson Industrial Development Board Alabama Power Co. <br> AMTø<br>| 3.32 | &nbsp;&nbsp; 8-1-2063 | 2000000 | &nbsp;&nbsp; 2000000 |
|  |  |  |  | &nbsp;&nbsp; **52531510** |
|  |  |  |  | &nbsp;&nbsp; **60462618** |
| **Alaska: 0.58%** |  |  |  |  |
| **Airport revenue: 0.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Alaska International Airports System Series C AMT | 5.00 | &nbsp;&nbsp; 10-1-2025 | 2000000 | &nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp; State of Alaska International Airports System Series C AMT | 5.00 | &nbsp;&nbsp; 10-1-2029 | 2040000 | &nbsp;&nbsp; 2197709 |
|  |  |  |  | &nbsp;&nbsp; **4197709** |
| **Health revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alaska Industrial Development & Export Authority Dena' Nena' <br> Henash Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2027 | 1455000 | &nbsp;&nbsp; **1511431** |
|  |  |  |  | &nbsp;&nbsp; **5709140** |
| **Arizona: 2.16%** |  |  |  |  |
| **Health revenue: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona Health Facilities Authority Banner Health Obligated Group <br> Series B (SIFMA Municipal Swap+0.25%)±<br>| 3.14 | &nbsp;&nbsp; 1-1-2046 | 630000 | &nbsp;&nbsp; 629948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona Health Facilities Authority Series B (SIFMA Municipal <br> Swap+0.25%)±<br>| 3.14 | &nbsp;&nbsp; 1-1-2046 | 3370000 | &nbsp;&nbsp; 3346761 |
|  |  |  |  | &nbsp;&nbsp; **3976709** |
| **Housing revenue: 0.94%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arizona IDA Diamond View at Ballpark Village LPøø | 2.76 | &nbsp;&nbsp; 7-1-2047 | 4180000 | &nbsp;&nbsp; 4149189 |
| &nbsp;&nbsp;&nbsp; Arizona IDA TWG Glendale LPøø | 5.00 | &nbsp;&nbsp; 3-1-2045 | 1100000 | &nbsp;&nbsp; 1112550 |
| &nbsp;&nbsp;&nbsp; IDA of the County of Pima Flats at Ballpark Village LPøø | 2.71 | &nbsp;&nbsp; 10-1-2059 | 4000000 | &nbsp;&nbsp; 3978728 |
|  |  |  |  | &nbsp;&nbsp; **9240467** |
| **Industrial development revenue: 0.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chandler IDA Intel Corp. AMTøø | 4.00 | &nbsp;&nbsp; 6-1-2049 | 3000000 | &nbsp;&nbsp; 3062615 |
| &nbsp;&nbsp;&nbsp; IDA of the City of Phoenix Republic Services, Inc. Series D AMTøø | 3.85 | &nbsp;&nbsp; 12-1-2035 | 2000000 | &nbsp;&nbsp; 1999691 |
|  |  |  |  | &nbsp;&nbsp; **5062306** |
| **Utilities revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coconino County Pollution Control Corp. Nevada Power Co. Series A <br> AMTøø<br>| 4.13 | &nbsp;&nbsp; 9-1-2032 | 3000000 | &nbsp;&nbsp; **3010724** |
|  |  |  |  | &nbsp;&nbsp; **21290206** |
| **Arkansas: 0.20%** |  |  |  |  |
| **Tax revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Cabot Sales & Use Tax Revenue Series B | 5.00 | &nbsp;&nbsp; 12-1-2025 | 275000 | &nbsp;&nbsp; 276022 |
| &nbsp;&nbsp;&nbsp; City of Springdale Sales & Use Tax Revenue Series B (BAM Insured) | 5.00 | &nbsp;&nbsp; 8-1-2026 | 125000 | &nbsp;&nbsp; 127444 |

---

See accompanying notes to portfolio of investments

2 \| Allspring Ultra Short-Term Municipal Income Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Tax revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Springdale Sales & Use Tax Revenue Series B (BAM Insured) | 5.00<br> %<br>| &nbsp;&nbsp; 8-1-2027 | $100000 | &nbsp;&nbsp; $104515 |
| &nbsp;&nbsp;&nbsp; City of West Memphis Sales & Use Tax Revenue (AG Insured) | 5.00 | &nbsp;&nbsp; 6-1-2028 | 1420000 | &nbsp;&nbsp; 1501918 |
|  |  |  |  | &nbsp;&nbsp; **2009899** |
| **California: 5.27%** |  |  |  |  |
| **Education revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Magnolia Educational & Research <br> Foundation144A<br>| 4.40 | &nbsp;&nbsp; 12-1-2026 | 2000000 | &nbsp;&nbsp; **2008974** |
| **GO revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Parlier Unified School District BAN | 4.00 | &nbsp;&nbsp; 2-1-2029 | 2000000 | &nbsp;&nbsp; 2035325 |
| &nbsp;&nbsp;&nbsp; State of California | 5.00 | &nbsp;&nbsp; 3-1-2028 | 55000 | &nbsp;&nbsp; 55104 |
|  |  |  |  | &nbsp;&nbsp; **2090429** |
| **Health revenue: 1.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California HFFA Adventist Health System/West Obligated Group <br> Series Aøø<br>| 5.00 | &nbsp;&nbsp; 3-1-2040 | 540000 | &nbsp;&nbsp; 562743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California HFFA Providence St. Joseph Health Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2027 | 600000 | &nbsp;&nbsp; 601142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California PFA Henry Mayo Newhall Hospital Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 10-15-2025 | 400000 | &nbsp;&nbsp; 400023 |
| &nbsp;&nbsp;&nbsp; California Statewide CDA Series A144A | 5.00 | &nbsp;&nbsp; 10-1-2028 | 9200000 | &nbsp;&nbsp; 9872189 |
| &nbsp;&nbsp;&nbsp; Palomar Health Obligated Group | 5.00 | &nbsp;&nbsp; 11-1-2028 | 2345000 | &nbsp;&nbsp; 2292784 |
|  |  |  |  | &nbsp;&nbsp; **13728881** |
| **Housing revenue: 1.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PFA Class A Series 2025-VRS212 (Bank of America N.A. LOC, Bank of <br> America N.A. LIQ)144Aø<br>| 3.60 | &nbsp;&nbsp; 2-1-2055 | 5000000 | &nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2025- CF7005 <br> (Citibank N.A. LOC, Citibank N.A. LIQ)144Aø<br>| 3.01 | &nbsp;&nbsp; 9-1-2048 | 5186726 | &nbsp;&nbsp; 5186726 |
|  |  |  |  | &nbsp;&nbsp; **10186726** |
| **Miscellaneous revenue: 1.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Los Angeles | 5.00 | &nbsp;&nbsp; 6-25-2026 | 10000000 | &nbsp;&nbsp; 10192118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern California Public Power Authority Anaheim Electric System <br> Revenue Series Bøø<br>| 3.70 | &nbsp;&nbsp; 7-1-2040 | 3000000 | &nbsp;&nbsp; 3011465 |
|  |  |  |  | &nbsp;&nbsp; **13203583** |
| **Resource recovery revenue: 0.74%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Republic Services, Inc. <br> Series B AMTø<br>| 3.85 | &nbsp;&nbsp; 7-1-2051 | 550000 | &nbsp;&nbsp; 549750 |
| &nbsp;&nbsp;&nbsp; California PCFA Republic Services, Inc. AMT144Aø | 3.80 | &nbsp;&nbsp; 7-1-2043 | 3000000 | &nbsp;&nbsp; 2997821 |
| &nbsp;&nbsp;&nbsp; California PCFA Republic Services, Inc. Series A-1 AMT144Aøø | 3.85 | &nbsp;&nbsp; 11-1-2042 | 3750000 | &nbsp;&nbsp; 3749796 |
|  |  |  |  | &nbsp;&nbsp; **7297367** |
| **Utilities revenue: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series C | 5.00 | &nbsp;&nbsp; 10-1-2027 | 675000 | &nbsp;&nbsp; 694386 |
| &nbsp;&nbsp;&nbsp; City of Vernon Electric System Revenue Series A | 5.00 | &nbsp;&nbsp; 10-1-2025 | 635000 | &nbsp;&nbsp; 635000 |
| &nbsp;&nbsp;&nbsp; City of Vernon Electric System Revenue Series A | 5.00 | &nbsp;&nbsp; 4-1-2026 | 420000 | &nbsp;&nbsp; 424283 |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 3

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Vernon Electric System Revenue Series A | 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2026 | $585000 | &nbsp;&nbsp; $596480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern California Public Power Authority Anaheim Electric System <br> Revenue Series A<br>| 5.00 | &nbsp;&nbsp; 9-1-2027 | 400000 | &nbsp;&nbsp; 412455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern California Public Power Authority Anaheim Electric System <br> Revenue Series A<br>| 5.00 | &nbsp;&nbsp; 9-1-2028 | 500000 | &nbsp;&nbsp; 523938 |
|  |  |  |  | &nbsp;&nbsp; **3286542** |
|  |  |  |  | &nbsp;&nbsp; **51802502** |
| **Colorado: 1.02%** |  |  |  |  |
| **Airport revenue: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City & County of Denver Airport System Revenue Series B2 AMTøø | 5.00 | &nbsp;&nbsp; 11-15-2031 | 1840000 | &nbsp;&nbsp; 1843328 |
| &nbsp;&nbsp;&nbsp; City & County of Denver Airport System Revenue Series C | 5.00 | &nbsp;&nbsp; 11-15-2025 | 3000000 | &nbsp;&nbsp; 3008153 |
|  |  |  |  | &nbsp;&nbsp; **4851481** |
| **Health revenue: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado Health Facilities Authority Intermountain Healthcare <br> Obligated Group Series Fø<br>| 2.90 | &nbsp;&nbsp; 5-15-2062 | 3100000 | &nbsp;&nbsp; **3100000** |
| **Miscellaneous revenue: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado Science & Technology Park Metropolitan District No. 1 <br> Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 12-1-2028 | 795000 | &nbsp;&nbsp; 845347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado Science & Technology Park Metropolitan District No. 1 <br> Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 12-1-2029 | 500000 | &nbsp;&nbsp; 540727 |
|  |  |  |  | &nbsp;&nbsp; **1386074** |
| **Utilities revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Colorado Springs Utilities System Revenue Series C <br> (Sumitomo Mitsui Banking Corp. SPA)ø<br>| 2.90 | &nbsp;&nbsp; 11-1-2028 | 200000 | &nbsp;&nbsp; **200000** |
| **Water & sewer revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Weld County Water District (AG Insured) | 5.00 | &nbsp;&nbsp; 12-1-2025 | 520000 | &nbsp;&nbsp; **522010** |
|  |  |  |  | &nbsp;&nbsp; **10059565** |
| **Connecticut: 0.76%** |  |  |  |  |
| **Education revenue: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Connecticut State HEFA Yale University Series Aøø | 2.80 | &nbsp;&nbsp; 7-1-2048 | 1700000 | &nbsp;&nbsp; 1698716 |
| &nbsp;&nbsp;&nbsp; Connecticut State HEFA Yale University Series A-3øø | 2.95 | &nbsp;&nbsp; 7-1-2049 | 3000000 | &nbsp;&nbsp; 3005370 |
|  |  |  |  | &nbsp;&nbsp; **4704086** |
| **Health revenue: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State HEFA Yale-New Haven Health Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 7-1-2026 | 2735000 | &nbsp;&nbsp; **2782786** |
|  |  |  |  | &nbsp;&nbsp; **7486872** |
| **District of Columbia: 0.80%** |  |  |  |  |
| **Airport revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation Revenue <br> Series A AMT<br>| 5.00 | &nbsp;&nbsp; 10-1-2029 | 2355000 | &nbsp;&nbsp; **2541678** |

---

See accompanying notes to portfolio of investments

4 \| Allspring Ultra Short-Term Municipal Income Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Tax revenue: 0.54%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series XF1998 (Bank <br> of America N.A. LIQ)144Aø<br>| 2.92<br> %<br>| &nbsp;&nbsp; 6-1-2050 | $5330000 | &nbsp;&nbsp; $**5330000** |
|  |  |  |  | &nbsp;&nbsp; **7871678** |
| **Florida: 9.22%** |  |  |  |  |
| **Airport revenue: 0.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series CF7044 (AG <br> Insured) (Citibank N.A. LIQ)144Aø<br>| 3.04 | &nbsp;&nbsp; 10-1-2040 | 6000000 | &nbsp;&nbsp; **6000000** |
| **Education revenue: 0.88%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2024-YX1352 <br> (Barclays Bank plc LOC, Barclays Bank plc LIQ)144Aø<br>| 2.92 | &nbsp;&nbsp; 4-1-2047 | 8620000 | &nbsp;&nbsp; **8620000** |
| **Health revenue: 4.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of South Miami Health Facilities Authority, Inc. Baptist Health <br> South Florida Obligated Group Series Bøø<br>| 5.00 | &nbsp;&nbsp; 8-15-2065 | 3000000 | &nbsp;&nbsp; 3296889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Escambia County Health Facilities Authority ACTS Retirement-Life <br> Communities, Inc. Obligated Group Series B (AG Insured) (TD Bank <br> N.A. SPA)ø<br>| 3.50 | &nbsp;&nbsp; 11-15-2029 | 2950000 | &nbsp;&nbsp; 2950000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highlands County Health Facilities Authority AdventHealth Obligated <br> Group Series Aø<br>| 2.90 | &nbsp;&nbsp; 11-15-2033 | 7210000 | &nbsp;&nbsp; 7210000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highlands County Health Facilities Authority AdventHealth Obligated <br> Group Series I-4ø<br>| 2.90 | &nbsp;&nbsp; 11-15-2034 | 10000000 | &nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp; Lee County IDA Health System, Inc. Obligated Group Series Bø | 3.49 | &nbsp;&nbsp; 4-1-2049 | 16100000 | &nbsp;&nbsp; 16100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PFA Series VRS214 (Bank of America N.A. LOC, Bank of America N.A. <br> LIQ)144Aø<br>| 2.95 | &nbsp;&nbsp; 12-1-2055 | 2665000 | &nbsp;&nbsp; 2665000 |
|  |  |  |  | &nbsp;&nbsp; **42221889** |
| **Housing revenue: 1.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Housing Finance Corp. Residences at Marina Village LLC <br> Series Søø<br>| 2.85 | &nbsp;&nbsp; 10-1-2043 | 2000000 | &nbsp;&nbsp; 1990618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Housing Finance Corp. Vineland Family Apartments Ltd. <br> Series Eøø<br>| 3.80 | &nbsp;&nbsp; 6-1-2042 | 3500000 | &nbsp;&nbsp; 3514794 |
| &nbsp;&nbsp;&nbsp; Lee County HFA Lofts on Lemon II LLC Series Bøø | 3.13 | &nbsp;&nbsp; 10-1-2029 | 2000000 | &nbsp;&nbsp; 2008886 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County HFA Residences at Palm Court LLC Series Bøø | 2.95 | &nbsp;&nbsp; 9-1-2029 | 2700000 | &nbsp;&nbsp; 2695894 |
| &nbsp;&nbsp;&nbsp; Pinellas County HFA Archway Flats on 4th LLLPøø | 3.75 | &nbsp;&nbsp; 4-1-2044 | 6000000 | &nbsp;&nbsp; 6063554 |
|  |  |  |  | &nbsp;&nbsp; **16273746** |
| **Miscellaneous revenue: 0.86%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Orlando Contract Tourist Development Tax Revenue (AG <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 11-1-2025 | 4405000 | &nbsp;&nbsp; 4412358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palm Beach County School District Series A Certificate of <br> Participation<br>| 5.00 | &nbsp;&nbsp; 8-1-2026 | 4000000 | &nbsp;&nbsp; 4084547 |
|  |  |  |  | &nbsp;&nbsp; **8496905** |
| **Utilities revenue: 0.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Gainesville Utilities System Revenue Series B (Truist Bank <br> SPA)ø<br>| 3.70 | &nbsp;&nbsp; 10-1-2042 | 5990000 | &nbsp;&nbsp; **5990000** |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 5

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Water & sewer revenue: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; North Sumter County Utility Dependent District (AG Insured) | 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2025 | $635000 | &nbsp;&nbsp; $635000 |
| &nbsp;&nbsp;&nbsp; Tohopekaliga Water Authority144A | 5.00 | &nbsp;&nbsp; 10-1-2025 | 2500000 | &nbsp;&nbsp; 2500000 |
|  |  |  |  | &nbsp;&nbsp; **3135000** |
|  |  |  |  | &nbsp;&nbsp; **90737540** |
| **Georgia: 2.16%** |  |  |  |  |
| **Health revenue: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gainesville & Hall County Hospital Authority Northeast Georgia Health <br> System Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 2-15-2026 | 700000 | &nbsp;&nbsp; **705477** |
| **Housing revenue: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Columbus County Housing Authority HACG RAD II LP (Department of <br> Housing and Urban Development Insured)øø<br>| 3.30 | &nbsp;&nbsp; 11-1-2028 | 2250000 | &nbsp;&nbsp; **2267999** |
| **Miscellaneous revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Fulton | 4.00 | &nbsp;&nbsp; 12-30-2025 | 2000000 | &nbsp;&nbsp; **2007349** |
| **Utilities revenue: 1.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Development Authority of Burke County Georgia Power Co.øø | 3.35 | &nbsp;&nbsp; 11-1-2048 | 4000000 | &nbsp;&nbsp; 4065686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Development Authority of Monroe County Georgia Power Co. <br> Series 1støø<br>| 1.00 | &nbsp;&nbsp; 7-1-2049 | 1875000 | &nbsp;&nbsp; 1831400 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series C | 4.00 | &nbsp;&nbsp; 12-1-2025 | 1000000 | &nbsp;&nbsp; 1001174 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series C144Aøø | 4.00 | &nbsp;&nbsp; 8-1-2052 | 6000000 | &nbsp;&nbsp; 6036566 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series E | 5.00 | &nbsp;&nbsp; 12-1-2026 | 2745000 | &nbsp;&nbsp; 2801903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 Project <br> Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 1-1-2026 | 225000 | &nbsp;&nbsp; 226360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 Project <br> Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2026 | 300000 | &nbsp;&nbsp; 305692 |
|  |  |  |  | &nbsp;&nbsp; **16268781** |
|  |  |  |  | &nbsp;&nbsp; **21249606** |
| **Guam: 0.38%** |  |  |  |  |
| **Water & sewer revenue: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guam Government Waterworks Authority Water & Wastewater <br> System Series A<br>| 5.00 | &nbsp;&nbsp; 7-1-2026 | 400000 | &nbsp;&nbsp; 405571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guam Government Waterworks Authority Water & Wastewater <br> System Series B<br>| 5.00 | &nbsp;&nbsp; 7-1-2026 | 650000 | &nbsp;&nbsp; 659052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residual Interest Bond Floater Trust Various States Series 2025-1001 <br> (Barclays Bank plc LOC, Barclays Bank plc LIQ)144Aø<br>| 3.29 | &nbsp;&nbsp; 7-1-2050 | 2635000 | &nbsp;&nbsp; 2635000 |
|  |  |  |  | &nbsp;&nbsp; **3699623** |
| **Hawaii: 0.93%** |  |  |  |  |
| **GO revenue: 0.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Hawaii Series FB | 4.00 | &nbsp;&nbsp; 4-1-2029 | 6155000 | &nbsp;&nbsp; **6188355** |
| **Utilities revenue: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Hawaii Department of Budget & Finance Series A AMT | 3.10 | &nbsp;&nbsp; 5-1-2026 | 3000000 | &nbsp;&nbsp; **2972564** |
|  |  |  |  | &nbsp;&nbsp; **9160919** |

---

See accompanying notes to portfolio of investments

6 \| Allspring Ultra Short-Term Municipal Income Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Idaho: 0.60%** |  |  |  |  |
| **Housing revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Idaho Housing & Finance Associationøø | 3.35<br> %<br>| &nbsp;&nbsp; 6-10-2050 | $3000000 | &nbsp;&nbsp; **$3022100** |
| **Resource recovery revenue: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Southern Idaho Regional Solid Waste District | 4.00 | &nbsp;&nbsp; 3-1-2028 | 2810000 | &nbsp;&nbsp; **2837918** |
|  |  |  |  | &nbsp;&nbsp; **5860018** |
| **Illinois: 3.51%** |  |  |  |  |
| **Airport revenue: 0.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chicago Midway International Airport Series A AMT | 5.00 | &nbsp;&nbsp; 1-1-2028 | 1200000 | &nbsp;&nbsp; 1252457 |
| &nbsp;&nbsp;&nbsp; Chicago Midway International Airport Series A AMT | 5.00 | &nbsp;&nbsp; 1-1-2029 | 1000000 | &nbsp;&nbsp; 1058556 |
| &nbsp;&nbsp;&nbsp; Chicago Midway International Airport Series B | 5.00 | &nbsp;&nbsp; 1-1-2027 | 390000 | &nbsp;&nbsp; 401661 |
| &nbsp;&nbsp;&nbsp; Chicago Midway International Airport Series B | 5.00 | &nbsp;&nbsp; 1-1-2028 | 225000 | &nbsp;&nbsp; 237149 |
| &nbsp;&nbsp;&nbsp; Chicago Midway International Airport Series C AMT | 5.00 | &nbsp;&nbsp; 1-1-2026 | 3000000 | &nbsp;&nbsp; 3015095 |
|  |  |  |  | &nbsp;&nbsp; **5964918** |
| **Education revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority Benedictine University | 5.00 | &nbsp;&nbsp; 10-1-2025 | 600000 | &nbsp;&nbsp; 600000 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority Bradley University | 5.00 | &nbsp;&nbsp; 8-1-2026 | 325000 | &nbsp;&nbsp; 329736 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority Chicago School - California, Inc. | 5.00 | &nbsp;&nbsp; 4-1-2029 | 575000 | &nbsp;&nbsp; 608451 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority University of Chicago Series A | 5.00 | &nbsp;&nbsp; 10-1-2025 | 1500000 | &nbsp;&nbsp; 1500000 |
|  |  |  |  | &nbsp;&nbsp; **3038187** |
| **GO revenue: 0.88%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Peoria Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 1-1-2026 | 500000 | &nbsp;&nbsp; 501284 |
| &nbsp;&nbsp;&nbsp; Cook County Community High School District No. 212 Leyden | 5.00 | &nbsp;&nbsp; 12-1-2025 | 1645000 | &nbsp;&nbsp; 1650582 |
| &nbsp;&nbsp;&nbsp; South Sangamon Water Commission (AG Insured) | 4.00 | &nbsp;&nbsp; 1-1-2026 | 500000 | &nbsp;&nbsp; 500907 |
| &nbsp;&nbsp;&nbsp; State of Illinois | 5.00 | &nbsp;&nbsp; 1-1-2030 | 2500000 | &nbsp;&nbsp; 2512988 |
| &nbsp;&nbsp;&nbsp; State of Illinois (AG Insured) | 4.00 | &nbsp;&nbsp; 2-1-2030 | 1500000 | &nbsp;&nbsp; 1518902 |
| &nbsp;&nbsp;&nbsp; State of Illinois Series C | 5.00 | &nbsp;&nbsp; 11-1-2029 | 1940000 | &nbsp;&nbsp; 2027283 |
|  |  |  |  | &nbsp;&nbsp; **8711946** |
| **Health revenue: 0.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority Ascension Health Credit Group Series C | 5.00 | &nbsp;&nbsp; 2-15-2028 | 1535000 | &nbsp;&nbsp; 1580745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority OSF Healthcare System Obligated Group <br> Series B-2øø<br>| 5.00 | &nbsp;&nbsp; 5-15-2050 | 2820000 | &nbsp;&nbsp; 2849934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Presbyterian Homes Obligated Group <br> Series B (SIFMA Municipal Swap+0.70%)±<br>| 3.59 | &nbsp;&nbsp; 5-1-2042 | 2000000 | &nbsp;&nbsp; 1989710 |
|  |  |  |  | &nbsp;&nbsp; **6420389** |
| **Housing revenue: 0.68%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Chicago New City Redevelopment LPøø | 3.50 | &nbsp;&nbsp; 8-1-2027 | 2150000 | &nbsp;&nbsp; 2156774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Housing Development Authority 6900 Crandon LIHTC LLC <br> (FHA Insured)øø<br>| 5.00 | &nbsp;&nbsp; 2-1-2027 | 2000000 | &nbsp;&nbsp; 2012510 |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 7

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Housing Development Authority Maywood SLF I LP Series A <br> (FHA Insured) (FHLB SPA)ø<br>| 2.92<br> %<br>| &nbsp;&nbsp; 1-1-2064 | $990000 | &nbsp;&nbsp; $990000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority State of Illinois McCormick <br> Place Expansion Project Fund Series B<br>| 4.00 | &nbsp;&nbsp; 12-15-2027 | 1500000 | &nbsp;&nbsp; 1534013 |
|  |  |  |  | &nbsp;&nbsp; **6693297** |
| **Miscellaneous revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Field Museum of Natural History <br> (U.S. SOFR+1.15%)±<br>| 4.06 | &nbsp;&nbsp; 11-1-2034 | 2000000 | &nbsp;&nbsp; **1998101** |
| **Water & sewer revenue: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Chicago Wastewater Transmission Revenue Series A | 5.00 | &nbsp;&nbsp; 1-1-2026 | 500000 | &nbsp;&nbsp; 502391 |
| &nbsp;&nbsp;&nbsp; City of Chicago Wastewater Transmission Revenue Series A | 5.00 | &nbsp;&nbsp; 1-1-2027 | 600000 | &nbsp;&nbsp; 615705 |
| &nbsp;&nbsp;&nbsp; City of Chicago Wastewater Transmission Revenue Series A | 5.00 | &nbsp;&nbsp; 1-1-2028 | 600000 | &nbsp;&nbsp; 629660 |
|  |  |  |  | &nbsp;&nbsp; **1747756** |
|  |  |  |  | &nbsp;&nbsp; **34574594** |
| **Indiana: 2.55%** |  |  |  |  |
| **Airport revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank Series I2 AMT | 5.00 | &nbsp;&nbsp; 1-1-2026 | 1500000 | &nbsp;&nbsp; **1508002** |
| **Housing revenue: 1.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana Finance Authority Marion County Capital Improvement Board <br> Series A<br>| 5.00 | &nbsp;&nbsp; 2-1-2030 | 5000000 | &nbsp;&nbsp; 5462057 |
| &nbsp;&nbsp;&nbsp; Lebanon Middle School Building Corp. Series B | 5.00 | &nbsp;&nbsp; 1-15-2026 | 1200000 | &nbsp;&nbsp; 1207126 |
| &nbsp;&nbsp;&nbsp; Westfield RDA | 5.00 | &nbsp;&nbsp; 7-1-2026 | 520000 | &nbsp;&nbsp; 528228 |
| &nbsp;&nbsp;&nbsp; Westfield RDA | 5.00 | &nbsp;&nbsp; 1-1-2027 | 535000 | &nbsp;&nbsp; 549661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westfield-Washington Multi-School Building Corp. Westfield-<br> Washington Schools Series B (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 7-15-2028 | 1070000 | &nbsp;&nbsp; 1137530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westfield-Washington Multi-School Building Corp. Westfield-<br> Washington Schools Series B (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 1-15-2029 | 1050000 | &nbsp;&nbsp; 1127528 |
|  |  |  |  | &nbsp;&nbsp; **10012130** |
| **Industrial development revenue: 0.77%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Jeffersonville Metals USA, Inc. (Bank of America N.A. LOC)ø | 3.27 | &nbsp;&nbsp; 12-1-2027 | 1080000 | &nbsp;&nbsp; 1080000 |
| &nbsp;&nbsp;&nbsp; City of Whiting BP Products North America, Inc. Series A AMTøø | 5.00 | &nbsp;&nbsp; 12-1-2044 | 6380000 | &nbsp;&nbsp; 6464312 |
|  |  |  |  | &nbsp;&nbsp; **7544312** |
| **Utilities revenue: 0.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Rockport Indiana Michigan Power Co. Series Aøø | 3.70 | &nbsp;&nbsp; 6-1-2047 | 4000000 | &nbsp;&nbsp; **4105351** |
| **Water & sewer revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Indianapolis Department of Public Utilities Water System <br> Revenue Series B<br>| 5.00 | &nbsp;&nbsp; 10-1-2028 | 1835000 | &nbsp;&nbsp; **1875164** |
|  |  |  |  | &nbsp;&nbsp; **25044959** |

---

See accompanying notes to portfolio of investments

8 \| Allspring Ultra Short-Term Municipal Income Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Iowa: 0.34%** |  |  |  |  |
| **Industrial development revenue: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iowa Finance Authority Gevo Iowa RNG LLC AMT (Citibank N.A. <br> LOC)øø<br>| 3.88<br> %<br>| &nbsp;&nbsp; 1-1-2042 | $1445000 | &nbsp;&nbsp; **$1442463** |
| **Utilities revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PEFA, Inc. Gas Projectøø | 5.00 | &nbsp;&nbsp; 9-1-2049 | 1920000 | &nbsp;&nbsp; **1953741** |
|  |  |  |  | &nbsp;&nbsp; **3396204** |
| **Kansas: 2.34%** |  |  |  |  |
| **GO revenue: 2.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Manhattan (BAM Insured) | 5.00 | &nbsp;&nbsp; 6-15-2028 | 4000000 | &nbsp;&nbsp; 4052283 |
| &nbsp;&nbsp;&nbsp; City of Manhattan Series 1 (BAM Insured) | 5.00 | &nbsp;&nbsp; 6-15-2027 | 2380000 | &nbsp;&nbsp; 2384143 |
| &nbsp;&nbsp;&nbsp; City of Park City Series 1 | 3.63 | &nbsp;&nbsp; 10-1-2027 | 5105000 | &nbsp;&nbsp; 5106802 |
| &nbsp;&nbsp;&nbsp; City of Topeka Series A | 3.00 | &nbsp;&nbsp; 10-1-2026 | 4680000 | &nbsp;&nbsp; 4687190 |
| &nbsp;&nbsp;&nbsp; City of Valley Center Series 1 | 4.38 | &nbsp;&nbsp; 12-1-2025 | 3855000 | &nbsp;&nbsp; 3856919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvey County Unified School District 440 Halstead-Bentley (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 9-1-2026 | 280000 | &nbsp;&nbsp; 285705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvey County Unified School District 440 Halstead-Bentley (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 9-1-2027 | 330000 | &nbsp;&nbsp; 344230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvey County Unified School District 440 Halstead-Bentley (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 9-1-2028 | 380000 | &nbsp;&nbsp; 404024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2025-ZF1819 <br> (BAM Insured) (Royal Bank of Canada LOC, Royal Bank of Canada <br> LIQ)144Aø<br>| 2.92 | &nbsp;&nbsp; 9-1-2032 | 1875000 | &nbsp;&nbsp; 1875000 |
|  |  |  |  | &nbsp;&nbsp; **22996296** |
| **Kentucky: 1.37%** |  |  |  |  |
| **Education revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Columbia Lindsey Wilson College, Inc. | 4.00 | &nbsp;&nbsp; 12-1-2025 | 485000 | &nbsp;&nbsp; **484513** |
| **Miscellaneous revenue: 0.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kentucky Interlocal School Transportation Association COP | 4.00 | &nbsp;&nbsp; 3-1-2028 | 705000 | &nbsp;&nbsp; 723843 |
| &nbsp;&nbsp;&nbsp; Rural Water Financing Agency City of Millington Series A | 3.70 | &nbsp;&nbsp; 5-1-2027 | 4225000 | &nbsp;&nbsp; 4198005 |
|  |  |  |  | &nbsp;&nbsp; **4921848** |
| **Utilities revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy Authority Series A-1 | 5.00 | &nbsp;&nbsp; 7-1-2026 | 500000 | &nbsp;&nbsp; 505962 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy Authority Series A-1 | 5.00 | &nbsp;&nbsp; 7-1-2027 | 525000 | &nbsp;&nbsp; 539805 |
|  |  |  |  | &nbsp;&nbsp; **1045767** |
| **Water & sewer revenue: 0.71%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rural Water Financing Agency County of Macon Series B | 3.05 | &nbsp;&nbsp; 5-1-2027 | 7000000 | &nbsp;&nbsp; **6999960** |
|  |  |  |  | &nbsp;&nbsp; **13452088** |
| **Louisiana: 0.88%** |  |  |  |  |
| **Industrial development revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Parish of St. John the Baptist Marathon Oil Corp. Series A-1øø | 4.05 | &nbsp;&nbsp; 6-1-2037 | 1000000 | &nbsp;&nbsp; 1008684 |
| &nbsp;&nbsp;&nbsp; Parish of St. John the Baptist Marathon Oil Corp. Series Cøø | 3.30 | &nbsp;&nbsp; 6-1-2037 | 2000000 | &nbsp;&nbsp; 2025411 |
|  |  |  |  | &nbsp;&nbsp; **3034095** |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 9

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Tax revenue: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Louisiana Gasoline & Fuels Tax Revenue Series A <br> (U.S. SOFR+0.50%)±<br>| 3.41<br> %<br>| &nbsp;&nbsp; 5-1-2043 | $4805000 | &nbsp;&nbsp; **$4793691** |
| **Water & sewer revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of New Orleans Water System Revenue | 5.00 | &nbsp;&nbsp; 12-1-2026 | 835000 | &nbsp;&nbsp; **836431** |
|  |  |  |  | &nbsp;&nbsp; **8664217** |
| **Maryland: 1.31%** |  |  |  |  |
| **GO revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Maryland Series A | 4.00 | &nbsp;&nbsp; 3-15-2030 | 1530000 | &nbsp;&nbsp; **1561540** |
| **Health revenue: 0.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residual Interest Bond Floater Trust Various States Series 2022-024 <br> (Barclays Bank plc LOC, Barclays Bank plc LIQ)144Aø<br>| 3.24 | &nbsp;&nbsp; 11-15-2049 | 5000000 | &nbsp;&nbsp; **5000000** |
| **Housing revenue: 0.64%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Community Development Administration 4710 Park <br> Heights Senior LP Series C<br>| 5.25 | &nbsp;&nbsp; 11-1-2025 | 6000000 | &nbsp;&nbsp; 6005072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Economic Development Corp. PRG-Towson Place <br> Properties LLC Series A-1<br>| 5.00 | &nbsp;&nbsp; 6-1-2028 | 300000 | &nbsp;&nbsp; 313634 |
|  |  |  |  | &nbsp;&nbsp; **6318706** |
|  |  |  |  | &nbsp;&nbsp; **12880246** |
| **Massachusetts: 0.65%** |  |  |  |  |
| **GO revenue: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Holyoke BAN | 4.00 | &nbsp;&nbsp; 10-24-2025 | 3507739 | &nbsp;&nbsp; **3510258** |
| **Health revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts HEFA Mass General Brigham, Inc. Series G-2 (AG <br> Insured)€<br>| 3.00 | &nbsp;&nbsp; 7-1-2042 | 2520000 | &nbsp;&nbsp; **2520000** |
| **Housing revenue: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Boston Housing Authority Series B | 5.00 | &nbsp;&nbsp; 10-1-2025 | 380000 | &nbsp;&nbsp; **380000** |
|  |  |  |  | &nbsp;&nbsp; **6410258** |
| **Michigan: 0.60%** |  |  |  |  |
| **GO revenue: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2025-YX1437 <br> (QSBLF Insured) (Barclays Bank plc LIQ)144Aø<br>| 2.94 | &nbsp;&nbsp; 5-1-2050 | 4000000 | &nbsp;&nbsp; **4000000** |
| **Health revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kent Hospital Finance Authority Corewell Health Obligated Group <br> (SIFMA Municipal Swap+0.25%)±<br>| 3.14 | &nbsp;&nbsp; 1-15-2047 | 1935000 | &nbsp;&nbsp; **1935000** |
|  |  |  |  | &nbsp;&nbsp; **5935000** |

---

See accompanying notes to portfolio of investments

10 \| Allspring Ultra Short-Term Municipal Income Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Minnesota: 1.73%** |  |  |  |  |
| **Airport revenue: 0.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Minneapolis-St. Paul Metropolitan Airports Commission Series B AMT | 5.00<br> %<br>| &nbsp;&nbsp; 1-1-2026 | $2160000 | &nbsp;&nbsp; $2171305 |
| &nbsp;&nbsp;&nbsp; Minneapolis-St. Paul Metropolitan Airports Commission Series B AMT | 5.00 | &nbsp;&nbsp; 1-1-2028 | 2700000 | &nbsp;&nbsp; 2830056 |
|  |  |  |  | &nbsp;&nbsp; **5001361** |
| **Education revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Minneapolis University Gateway Corp. (Wells Fargo Bank <br> SPA)ø<br>| 2.90 | &nbsp;&nbsp; 12-1-2040 | 2000000 | &nbsp;&nbsp; **2000000** |
| **GO revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Kiester Series A | 4.00 | &nbsp;&nbsp; 12-1-2026 | 1000000 | &nbsp;&nbsp; **1006584** |
| **Health revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing & RDA of The City of St. Paul Minnesota Fairview Health <br> Services Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 11-15-2028 | 1100000 | &nbsp;&nbsp; 1139368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series XF1876 (Bank <br> of America N.A. LIQ)144Aø<br>| 2.92 | &nbsp;&nbsp; 11-15-2053 | 1000000 | &nbsp;&nbsp; 1000000 |
|  |  |  |  | &nbsp;&nbsp; **2139368** |
| **Housing revenue: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Oak Park Heights VSSA Boutwells Landing LLC (FHLMC LIQ)ø | 2.86 | &nbsp;&nbsp; 11-1-2035 | 785000 | &nbsp;&nbsp; 785000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Plymouth Lancaster Village Apartments LP LLP (FNMA LOC, <br> FNMA LIQ)ø<br>| 2.97 | &nbsp;&nbsp; 9-15-2031 | 950000 | &nbsp;&nbsp; 950000 |
| &nbsp;&nbsp;&nbsp; Minnesota Housing Finance Agency Series F-2 | 3.70 | &nbsp;&nbsp; 8-1-2026 | 1965000 | &nbsp;&nbsp; 1968062 |
|  |  |  |  | &nbsp;&nbsp; **3703062** |
| **Miscellaneous revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Minnesota Rural Water Finance Authority, Inc. BAN | 3.30 | &nbsp;&nbsp; 8-1-2026 | 2000000 | &nbsp;&nbsp; **2002553** |
| **Utilities revenue: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Northern Municipal Power Agency | 5.00 | &nbsp;&nbsp; 1-1-2026 | 1130000 | &nbsp;&nbsp; **1135943** |
|  |  |  |  | &nbsp;&nbsp; **16988871** |
| **Missouri: 1.05%** |  |  |  |  |
| **Health revenue: 0.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEFA of the State of Missouri BJC Healthcare Obligated Group <br> Series Cøø<br>| 5.00 | &nbsp;&nbsp; 5-1-2052 | 5000000 | &nbsp;&nbsp; 5292000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEFA of the State of Missouri Lutheran Senior Services Obligated <br> Group Series A<br>| 5.00 | &nbsp;&nbsp; 2-1-2026 | 475000 | &nbsp;&nbsp; 476954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEFA of the State of Missouri Lutheran Senior Services Obligated <br> Group Series A<br>| 5.00 | &nbsp;&nbsp; 2-1-2027 | 760000 | &nbsp;&nbsp; 774164 |
|  |  |  |  | &nbsp;&nbsp; **6543118** |
| **Utilities revenue: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Missouri Joint Municipal Electric Utility Commission Prairie State <br> Project<br>| 5.00 | &nbsp;&nbsp; 12-1-2025 | 3740000 | &nbsp;&nbsp; **3753584** |
|  |  |  |  | &nbsp;&nbsp; **10296702** |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 11

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Nebraska: 0.26%** |  |  |  |  |
| **Tax revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of McCook | 4.50<br> %<br>| &nbsp;&nbsp; 9-1-2027 | $2500000 | &nbsp;&nbsp; $**2539135** |
| **New Hampshire: 0.31%** |  |  |  |  |
| **Education revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New Hampshire HEFA Act Trustees of Dartmouth College Series Aøø | 3.30 | &nbsp;&nbsp; 6-1-2040 | 2000000 | &nbsp;&nbsp; **2011666** |
| **Resource recovery revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority Waste Management, Inc. <br> Series A AMTøø<br>| 4.00 | &nbsp;&nbsp; 10-1-2033 | 1000000 | &nbsp;&nbsp; **1000552** |
|  |  |  |  | &nbsp;&nbsp; **3012218** |
| **New Jersey: 1.27%** |  |  |  |  |
| **Education revenue: 0.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance Authority Series 1A <br> AMT<br>| 5.00 | &nbsp;&nbsp; 12-1-2025 | 2500000 | &nbsp;&nbsp; 2508689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance Authority Series 1-A <br> AMT<br>| 5.00 | &nbsp;&nbsp; 12-1-2029 | 2500000 | &nbsp;&nbsp; 2643796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance Authority Series B <br> AMT<br>| 5.00 | &nbsp;&nbsp; 12-1-2025 | 850000 | &nbsp;&nbsp; 852683 |
|  |  |  |  | &nbsp;&nbsp; **6005168** |
| **GO revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Newark Series B BAN | 4.50 | &nbsp;&nbsp; 5-7-2026 | 1500000 | &nbsp;&nbsp; **1511545** |
| **Housing revenue: 0.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2023-XF1675 <br> (Toronto-Dominion Bank LOC, Toronto-Dominion Bank LIQ)144Aø<br>| 2.93 | &nbsp;&nbsp; 6-15-2050 | 5000000 | &nbsp;&nbsp; **5000000** |
|  |  |  |  | &nbsp;&nbsp; **12516713** |
| **New Mexico: 0.87%** |  |  |  |  |
| **Housing revenue: 0.71%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Santa Fe Cresta Ranch Apartments LLPøø | 3.29 | &nbsp;&nbsp; 12-10-2049 | 3000000 | &nbsp;&nbsp; 3017109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Mexico Mortgage Finance Authority JLG ABQ 2023 LLLP <br> (Department of Housing and Urban Development Insured)øø<br>| 2.97 | &nbsp;&nbsp; 2-1-2042 | 2000000 | &nbsp;&nbsp; 1997727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Mexico Mortgage Finance Authority JLG SAF 2023 LLLP <br> (Department of Housing and Urban Development Insured)øø<br>| 3.73 | &nbsp;&nbsp; 2-1-2042 | 2000000 | &nbsp;&nbsp; 2001432 |
|  |  |  |  | &nbsp;&nbsp; **7016268** |
| **Utilities revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New Mexico Municipal Energy Acquisition Authority | 5.00 | &nbsp;&nbsp; 5-1-2028 | 640000 | &nbsp;&nbsp; 670548 |
| &nbsp;&nbsp;&nbsp; New Mexico Municipal Energy Acquisition Authority | 5.00 | &nbsp;&nbsp; 5-1-2029 | 850000 | &nbsp;&nbsp; 902860 |
|  |  |  |  | &nbsp;&nbsp; **1573408** |
|  |  |  |  | &nbsp;&nbsp; **8589676** |
| **New York: 9.20%** |  |  |  |  |
| **Education revenue: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albany Industrial Development Agency Research Foundation of State <br> University of New York Series Aø<br>| 3.00 | &nbsp;&nbsp; 7-1-2032 | 1640000 | &nbsp;&nbsp; **1640000** |

---

See accompanying notes to portfolio of investments

12 \| Allspring Ultra Short-Term Municipal Income Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **GO revenue: 3.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Cortland BAN | 4.50<br> %<br>| &nbsp;&nbsp; 5-15-2026 | $4000000 | &nbsp;&nbsp; $4010319 |
| &nbsp;&nbsp;&nbsp; City of Ithaca BAN | 4.25 | &nbsp;&nbsp; 2-13-2026 | 3000000 | &nbsp;&nbsp; 3008691 |
| &nbsp;&nbsp;&nbsp; City of Ithaca BAN | 4.50 | &nbsp;&nbsp; 7-17-2026 | 1700000 | &nbsp;&nbsp; 1715079 |
| &nbsp;&nbsp;&nbsp; City of Mount Vernon BAN144A | 5.00 | &nbsp;&nbsp; 5-29-2026 | 4000000 | &nbsp;&nbsp; 4027531 |
| &nbsp;&nbsp;&nbsp; City of New York Series 2ø | 3.90 | &nbsp;&nbsp; 4-1-2042 | 3000000 | &nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp; City of New York Series A2 (Mizuho Bank Limited LOC)ø | 3.70 | &nbsp;&nbsp; 10-1-2038 | 100000 | &nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp; City of New York Series A3 (Mizuho Bank Limited LOC)ø | 3.70 | &nbsp;&nbsp; 10-1-2040 | 200000 | &nbsp;&nbsp; 200000 |
| &nbsp;&nbsp;&nbsp; City of New York Series C-4 (AG Insured)€ | 2.50 | &nbsp;&nbsp; 1-1-2032 | 800000 | &nbsp;&nbsp; 800000 |
| &nbsp;&nbsp;&nbsp; City of New York Series D-3 (State Street Bank & Trust Co. SPA)ø | 3.50 | &nbsp;&nbsp; 5-1-2052 | 5000000 | &nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp; City of New York Series I-3 (U.S. Bank N.A. SPA)ø | 3.50 | &nbsp;&nbsp; 3-1-2044 | 9000000 | &nbsp;&nbsp; 9000000 |
| &nbsp;&nbsp;&nbsp; Village of Valley Stream Series A BAN | 5.13 | &nbsp;&nbsp; 5-8-2026 | 1915000 | &nbsp;&nbsp; 1924370 |
|  |  |  |  | &nbsp;&nbsp; **32785990** |
| **Housing revenue: 0.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp. Series A-2øø | 3.70 | &nbsp;&nbsp; 5-1-2063 | 6000000 | &nbsp;&nbsp; **6006890** |
| **Industrial development revenue: 1.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Energy Research & Development Authority National <br> Grid Generation LLC Series A (Ambac Insured)€<br>| 4.49 | &nbsp;&nbsp; 10-1-2028 | 1350000 | &nbsp;&nbsp; 1350000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Delta Air Lines, Inc. <br> AMT<br>| 5.00 | &nbsp;&nbsp; 1-1-2026 | 5665000 | &nbsp;&nbsp; 5685848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Delta Air Lines, Inc. <br> AMT<br>| 5.00 | &nbsp;&nbsp; 1-1-2027 | 5000000 | &nbsp;&nbsp; 5097077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Delta Air Lines, Inc. <br> AMT<br>| 5.00 | &nbsp;&nbsp; 1-1-2030 | 1335000 | &nbsp;&nbsp; 1379860 |
|  |  |  |  | &nbsp;&nbsp; **13512785** |
| **Miscellaneous revenue: 1.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series MS0041 <br> (Morgan Stanley Municipal Funding LOC, Morgan Stanley Municipal <br> Funding LIQ)144Aø<br>| 3.29 | &nbsp;&nbsp; 5-1-2026 | 10000000 | &nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series ZF8056 (Bank <br> of America N.A. LIQ)144Aø<br>| 2.92 | &nbsp;&nbsp; 5-15-2051 | 2375000 | &nbsp;&nbsp; 2375000 |
|  |  |  |  | &nbsp;&nbsp; **12375000** |
| **Transportation revenue: 0.94%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Series A2 | 5.00 | &nbsp;&nbsp; 11-15-2027 | 2000000 | &nbsp;&nbsp; 2050898 |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Series B | 5.00 | &nbsp;&nbsp; 11-15-2026 | 7000000 | &nbsp;&nbsp; 7174615 |
|  |  |  |  | &nbsp;&nbsp; **9225513** |
| **Utilities revenue: 0.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Long Island Power Authority Series Bøø | 3.00 | &nbsp;&nbsp; 9-1-2055 | 5000000 | &nbsp;&nbsp; **4974186** |
| **Water & sewer revenue: 1.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority Water & Sewer <br> System Series BB-1 (Bank of America N.A. SPA)ø<br>| 3.50 | &nbsp;&nbsp; 6-15-2049 | 10000000 | &nbsp;&nbsp; **10000000** |
|  |  |  |  | &nbsp;&nbsp; **90520364** |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 13

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **North Carolina: 0.84%** |  |  |  |  |
| **Airport revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Raleigh Durham Airport Authority Series C (TD Bank N.A. LOC)ø | 2.85<br> %<br>| &nbsp;&nbsp; 5-1-2036 | $835000 | &nbsp;&nbsp; **$835000** |
| **Health revenue: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte-Mecklenburg Hospital Authority Atrium Health Obligated <br> Group Series Eøø<br>| 0.80 | &nbsp;&nbsp; 1-15-2048 | 1500000 | &nbsp;&nbsp; 1497010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte-Mecklenburg Hospital Authority Atrium Health Obligated <br> Group Series H (JPMorgan Chase Bank N.A. SPA)ø<br>| 3.70 | &nbsp;&nbsp; 1-15-2048 | 900000 | &nbsp;&nbsp; 900000 |
|  |  |  |  | &nbsp;&nbsp; **2397010** |
| **Industrial development revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cumberland County Industrial Facilities & PCFA American Titanium <br> Metal LLC AMTøø<br>| 3.75 | &nbsp;&nbsp; 12-1-2027 | 2500000 | &nbsp;&nbsp; **2500363** |
| **Resource recovery revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Capital Facilities Finance Agency Republic Services, <br> Inc. AMTøø<br>| 3.55 | &nbsp;&nbsp; 6-1-2038 | 2500000 | &nbsp;&nbsp; **2500000** |
|  |  |  |  | &nbsp;&nbsp; **8232373** |
| **Ohio: 4.11%** |  |  |  |  |
| **Education revenue: 0.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2024-MS0027 <br> (Morgan Stanley Bank LOC, Morgan Stanley Bank LIQ)144Aø<br>| 3.09 | &nbsp;&nbsp; 1-15-2031 | 5970000 | &nbsp;&nbsp; **5970000** |
| **GO revenue: 1.81%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Akron City School District | 4.00 | &nbsp;&nbsp; 8-6-2026 | 3500000 | &nbsp;&nbsp; 3534972 |
| &nbsp;&nbsp;&nbsp; City of Forest Park BAN | 4.25 | &nbsp;&nbsp; 5-19-2026 | 1000000 | &nbsp;&nbsp; 1008073 |
| &nbsp;&nbsp;&nbsp; City of Lancaster BAN | 4.13 | &nbsp;&nbsp; 6-10-2026 | 1500000 | &nbsp;&nbsp; 1511011 |
| &nbsp;&nbsp;&nbsp; City of North Olmsted BAN144A | 4.00 | &nbsp;&nbsp; 6-24-2026 | 2500000 | &nbsp;&nbsp; 2517667 |
| &nbsp;&nbsp;&nbsp; City of Strongsville BAN144A | 5.00 | &nbsp;&nbsp; 12-10-2025 | 1850000 | &nbsp;&nbsp; 1855199 |
| &nbsp;&nbsp;&nbsp; City of Warrensville Heights BAN144A | 4.50 | &nbsp;&nbsp; 6-24-2026 | 2000000 | &nbsp;&nbsp; 2021226 |
| &nbsp;&nbsp;&nbsp; County of Trumbull BAN144A | 4.00 | &nbsp;&nbsp; 3-12-2026 | 2041000 | &nbsp;&nbsp; 2049295 |
| &nbsp;&nbsp;&nbsp; Monroe Local School District BAN | 4.13 | &nbsp;&nbsp; 12-3-2025 | 2200000 | &nbsp;&nbsp; 2202759 |
| &nbsp;&nbsp;&nbsp; Township of Mifflin BAN | 5.00 | &nbsp;&nbsp; 2-12-2026 | 1050000 | &nbsp;&nbsp; 1055554 |
|  |  |  |  | &nbsp;&nbsp; **17755756** |
| **Health revenue: 0.79%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Allen Hospital Facilities Revenue Bon Secours Mercy <br> Health, Inc. Series B-1øø<br>| 5.00 | &nbsp;&nbsp; 10-1-2049 | 5000000 | &nbsp;&nbsp; 5173541 |
| &nbsp;&nbsp;&nbsp; County of Butler UC Health Obligated Group | 5.00 | &nbsp;&nbsp; 11-15-2025 | 1580000 | &nbsp;&nbsp; 1581585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Ohio University Hospitals Health System, Inc. Obligated <br> Group Series Bø<br>| 3.42 | &nbsp;&nbsp; 1-15-2033 | 1005000 | &nbsp;&nbsp; 1005000 |
|  |  |  |  | &nbsp;&nbsp; **7760126** |
| **Housing revenue: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ohio HFA Pebble Brooke Owner LPøø | 3.35 | &nbsp;&nbsp; 7-1-2043 | 4000000 | &nbsp;&nbsp; **4037624** |
| **Miscellaneous revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Cuyahoga Convention Hotel Project COP | 5.00 | &nbsp;&nbsp; 12-1-2026 | 2000000 | &nbsp;&nbsp; **2051724** |

---

See accompanying notes to portfolio of investments

14 \| Allspring Ultra Short-Term Municipal Income Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Resource recovery revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ohio Air Quality Development Authority American Electric Power Co, <br> Inc. Series A AMT<br>| 3.75<br> %<br>| &nbsp;&nbsp; 1-1-2029 | $2000000 | &nbsp;&nbsp; **$2005587** |
| **Utilities revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Municipal Power, Inc. Series 2025A | 5.00 | &nbsp;&nbsp; 2-15-2029 | 765000 | &nbsp;&nbsp; **818453** |
|  |  |  |  | &nbsp;&nbsp; **40399270** |
| **Oklahoma: 2.46%** |  |  |  |  |
| **Education revenue: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; University of Oklahoma Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-1-2027 | 700000 | &nbsp;&nbsp; **729730** |
| **GO revenue: 0.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garfield County Independent School District No. 56 Pioneer-Pleasant <br> Vale Series A<br>| 3.38 | &nbsp;&nbsp; 11-1-2027 | 400000 | &nbsp;&nbsp; 400820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garfield County Independent School District No. 56 Pioneer-Pleasant <br> Vale Series A<br>| 3.38 | &nbsp;&nbsp; 11-1-2028 | 375000 | &nbsp;&nbsp; 375235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garfield County Independent School District No. 56 Pioneer-Pleasant <br> Vale Series A<br>| 3.38 | &nbsp;&nbsp; 11-1-2029 | 400000 | &nbsp;&nbsp; 399292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garfield County Independent School District No. 56 Pioneer-Pleasant <br> Vale Series A<br>| 3.38 | &nbsp;&nbsp; 11-1-2030 | 150000 | &nbsp;&nbsp; 149876 |
| &nbsp;&nbsp;&nbsp; Lincoln County Independent School District No. 103 Prague | 4.50 | &nbsp;&nbsp; 6-1-2026 | 1005000 | &nbsp;&nbsp; 1013208 |
| &nbsp;&nbsp;&nbsp; McClain County Independent School District No. 1 Newcastle | 5.00 | &nbsp;&nbsp; 7-1-2026 | 2035000 | &nbsp;&nbsp; 2067506 |
|  |  |  |  | &nbsp;&nbsp; **4405937** |
| **Health revenue: 0.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority INTEGRIS Health <br> Obligated Group Series Bø<br>| 3.53 | &nbsp;&nbsp; 8-15-2031 | 4255000 | &nbsp;&nbsp; **4255000** |
| **Housing revenue: 1.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garfield County Educational Facilities Authority Independent School <br> District No. 57 Enid Series A<br>| 5.00 | &nbsp;&nbsp; 9-1-2027 | 1780000 | &nbsp;&nbsp; 1813762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County Finance Authority Independent School District No. <br> 41 Western Heights<br>| 5.00 | &nbsp;&nbsp; 9-1-2027 | 2150000 | &nbsp;&nbsp; 2204972 |
| &nbsp;&nbsp;&nbsp; Oklahoma HFA Villages at A New Leaf II LP Series 2025øø | 3.40 | &nbsp;&nbsp; 7-1-2028 | 1525000 | &nbsp;&nbsp; 1536473 |
| &nbsp;&nbsp;&nbsp; Oklahoma Housing Finance Agency Lakeshore Pointe LLCøø | 3.35 | &nbsp;&nbsp; 12-1-2027 | 5000000 | &nbsp;&nbsp; 5026572 |
| &nbsp;&nbsp;&nbsp; Oklahoma Industries Authority Independent School District No. 89 | 5.00 | &nbsp;&nbsp; 4-1-2026 | 1050000 | &nbsp;&nbsp; 1061696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas County Development Authority Texas County Independent <br> School District No. 8 Guymon<br>| 5.00 | &nbsp;&nbsp; 10-1-2028 | 900000 | &nbsp;&nbsp; 960881 |
|  |  |  |  | &nbsp;&nbsp; **12604356** |
| **Water & sewer revenue: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2023-XF1572 <br> (Royal Bank of Canada LIQ)144Aø<br>| 2.92 | &nbsp;&nbsp; 10-1-2045 | 2220000 | &nbsp;&nbsp; **2220000** |
|  |  |  |  | &nbsp;&nbsp; **24215023** |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 15

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Oregon: 0.50%** |  |  |  |  |
| **Airport revenue: 0.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Port of Portland Airport Revenue Series 30-A AMT | 5.00<br> %<br>| &nbsp;&nbsp; 7-1-2029 | $3960000 | &nbsp;&nbsp; $4255466 |
| &nbsp;&nbsp;&nbsp; Port of Portland Airport Revenue Series 30-B AMT | 5.00 | &nbsp;&nbsp; 7-1-2026 | 675000 | &nbsp;&nbsp; 685378 |
|  |  |  |  | &nbsp;&nbsp; **4940844** |
| **Pennsylvania: 5.08%** |  |  |  |  |
| **Education revenue: 0.98%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chester County IDA Avon Grove Charter School | 5.00 | &nbsp;&nbsp; 3-1-2027 | 2250000 | &nbsp;&nbsp; 2276363 |
| &nbsp;&nbsp;&nbsp; Delaware County Authority Neumann University | 5.00 | &nbsp;&nbsp; 10-1-2025 | 525000 | &nbsp;&nbsp; 525000 |
| &nbsp;&nbsp;&nbsp; Huntingdon County General Authority Juniata College Series T | 5.00 | &nbsp;&nbsp; 10-1-2025 | 355000 | &nbsp;&nbsp; 355000 |
| &nbsp;&nbsp;&nbsp; Huntingdon County General Authority Juniata College Series T | 5.00 | &nbsp;&nbsp; 10-1-2026 | 430000 | &nbsp;&nbsp; 435330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northampton County General Purpose Authority Lehigh University <br> Series B (TD Bank N.A. SPA)ø<br>| 2.90 | &nbsp;&nbsp; 11-15-2039 | 5000000 | &nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2024-XL0539 <br> (Morgan Stanley Bank LIQ)144Aø<br>| 2.92 | &nbsp;&nbsp; 8-1-2054 | 1000000 | &nbsp;&nbsp; 1000000 |
|  |  |  |  | &nbsp;&nbsp; **9591693** |
| **GO revenue: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Borough of Dunmore Series A (AG Insured) | 2.00 | &nbsp;&nbsp; 9-1-2026 | 170000 | &nbsp;&nbsp; 167719 |
| &nbsp;&nbsp;&nbsp; Riverside School District (BAM Insured) | 4.00 | &nbsp;&nbsp; 10-15-2025 | 550000 | &nbsp;&nbsp; 550239 |
| &nbsp;&nbsp;&nbsp; School District of Philadelphia Series A | 5.00 | &nbsp;&nbsp; 9-1-2030 | 2055000 | &nbsp;&nbsp; 2058860 |
|  |  |  |  | &nbsp;&nbsp; **2776818** |
| **Health revenue: 2.98%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegheny County Hospital Development Authority UPMC Obligated <br> Group (SIFMA Municipal Swap+0.70%)±<br>| 3.59 | &nbsp;&nbsp; 11-15-2047 | 6000000 | &nbsp;&nbsp; 5949479 |
| &nbsp;&nbsp;&nbsp; Central Bradford Progress Authority Guthrie Clinic Series Dø | 3.53 | &nbsp;&nbsp; 12-1-2041 | 7075000 | &nbsp;&nbsp; 7075000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lancaster County Hospital Authority Masonic Villages of the Grand <br> Lodge of Pennsylvania<br>| 5.50 | &nbsp;&nbsp; 11-1-2027 | 890000 | &nbsp;&nbsp; 935303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Montgomery County Higher Education & Health Authority Thomas <br> Jefferson University Obligated Group Series Dø<br>| 3.69 | &nbsp;&nbsp; 9-1-2050 | 1550000 | &nbsp;&nbsp; 1550000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority Thomas <br> Jefferson University Obligated Group Series D-1 (Bank of America <br> N.A. LOC)ø<br>| 3.50 | &nbsp;&nbsp; 11-1-2061 | 12000000 | &nbsp;&nbsp; 12000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2019-XG0223 <br> (Bank of America N.A. LOC, Bank of America N.A. LIQ)144Aø<br>| 2.94 | &nbsp;&nbsp; 7-15-2043 | 1850000 | &nbsp;&nbsp; 1850000 |
|  |  |  |  | &nbsp;&nbsp; **29359782** |
| **Housing revenue: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Public School Building Authority School District of Philadelphia <br> Series A<br>| 5.00 | &nbsp;&nbsp; 6-1-2027 | 2250000 | &nbsp;&nbsp; **2297503** |
| **Resource recovery revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Pennsylvania EDFA Waste Management, Inc. Series B AMTøø | 1.10 | &nbsp;&nbsp; 6-1-2031 | 1000000 | &nbsp;&nbsp; **970942** |
| **Transportation revenue: 0.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania Turnpike Commission Registration Fee Revenue (SIFMA <br> Municipal Swap+0.85%)±<br>| 3.74 | &nbsp;&nbsp; 7-15-2041 | 5000000 | &nbsp;&nbsp; **4993055** |
|  |  |  |  | &nbsp;&nbsp; **49989793** |

---

See accompanying notes to portfolio of investments

16 \| Allspring Ultra Short-Term Municipal Income Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Puerto Rico: 0.20%** |  |  |  |  |
| **Miscellaneous revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico Industrial Tourist Educational Medical & Environmental <br> Control Facilities Financing Authority Hospital de la Concepcion, <br> Inc. Series A<br>| 3.55<br> %<br>| &nbsp;&nbsp; 11-15-2030 | $1940000 | &nbsp;&nbsp; $**1953603** |
| **Rhode Island: 0.72%** |  |  |  |  |
| **GO revenue: 0.72%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bristol Warren Regional School District Series 1-BAN | 5.00 | &nbsp;&nbsp; 6-4-2026 | 5000000 | &nbsp;&nbsp; 5072213 |
| &nbsp;&nbsp;&nbsp; City of Pawtucket Series 2 BAN | 4.50 | &nbsp;&nbsp; 10-24-2025 | 2000000 | &nbsp;&nbsp; 2001033 |
|  |  |  |  | &nbsp;&nbsp; **7073246** |
| **South Carolina: 0.57%** |  |  |  |  |
| **Health revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Carolina Jobs-EDA Beaufort Memorial Hospital Obligated <br> Group<br>| 5.00 | &nbsp;&nbsp; 11-15-2027 | 250000 | &nbsp;&nbsp; 257782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Carolina Jobs-EDA Beaufort Memorial Hospital Obligated <br> Group<br>| 5.00 | &nbsp;&nbsp; 11-15-2028 | 275000 | &nbsp;&nbsp; 286861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Carolina Jobs-EDA Beaufort Memorial Hospital Obligated <br> Group<br>| 5.00 | &nbsp;&nbsp; 11-15-2029 | 250000 | &nbsp;&nbsp; 263405 |
|  |  |  |  | &nbsp;&nbsp; **808048** |
| **Resource recovery revenue: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-EDA Enerra SC-1 LLC AMT144Aøø | 3.70 | &nbsp;&nbsp; 12-15-2027 | 3250000 | &nbsp;&nbsp; **3253186** |
| **Water & sewer revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority Series B | 5.00 | &nbsp;&nbsp; 12-1-2025 | 1500000 | &nbsp;&nbsp; **1505293** |
|  |  |  |  | &nbsp;&nbsp; **5566527** |
| **Tennessee: 2.95%** |  |  |  |  |
| **Housing revenue: 1.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chattanooga Health Educational & Housing Facility Board One <br> Westside Phase 1B LPøø<br>| 3.60 | &nbsp;&nbsp; 6-1-2048 | 2000000 | &nbsp;&nbsp; 2027598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Educational & Housing Facility Board of the City of Memphis <br> APP Pershing Park Partners LLLP (FHA Insured)øø<br>| 3.25 | &nbsp;&nbsp; 11-1-2029 | 4000000 | &nbsp;&nbsp; 4023285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jackson Health Educational & Housing Facility Board Cottages of <br> Bluecreek LLC (Department of Housing and Urban Development <br> Insured)øø<br>| 4.00 | &nbsp;&nbsp; 4-1-2045 | 1550000 | &nbsp;&nbsp; 1579395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Knox County Health Educational & Housing Facility Board Pines III LP <br> (Department of Housing and Urban Development Insured)øø<br>| 3.10 | &nbsp;&nbsp; 9-1-2029 | 3000000 | &nbsp;&nbsp; 3011200 |
|  |  |  |  | &nbsp;&nbsp; **10641478** |
| **Utilities revenue: 1.87%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2022-XM1024 <br> (Morgan Stanley Bank LIQ)144Aø<br>| 3.03 | &nbsp;&nbsp; 5-1-2052 | 7500000 | &nbsp;&nbsp; 7500000 |
| &nbsp;&nbsp;&nbsp; Tennergy Corp. Series A | 5.00 | &nbsp;&nbsp; 6-1-2028 | 275000 | &nbsp;&nbsp; 288526 |
| &nbsp;&nbsp;&nbsp; Tennergy Corp. Series A | 5.00 | &nbsp;&nbsp; 6-1-2029 | 860000 | &nbsp;&nbsp; 914620 |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 17

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp.øø | 4.00<br> %<br>| &nbsp;&nbsp; 11-1-2049 | $6000000 | &nbsp;&nbsp; $6006513 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp. Gas Project Series A-1øø | 5.00 | &nbsp;&nbsp; 5-1-2053 | 3500000 | &nbsp;&nbsp; 3653820 |
|  |  |  |  | &nbsp;&nbsp; **18363479** |
|  |  |  |  | &nbsp;&nbsp; **29004957** |
| **Texas: 15.19%** |  |  |  |  |
| **Airport revenue: 2.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of El Paso Airport Revenue AMT | 5.00 | &nbsp;&nbsp; 8-15-2026 | 2000000 | &nbsp;&nbsp; 2034108 |
| &nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue Series A AMT | 5.00 | &nbsp;&nbsp; 7-1-2028 | 1500000 | &nbsp;&nbsp; 1581911 |
| &nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue Series A AMT | 5.00 | &nbsp;&nbsp; 7-1-2029 | 1665000 | &nbsp;&nbsp; 1783717 |
| &nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue Series A AMT (AG Insured) | 5.00 | &nbsp;&nbsp; 7-1-2026 | 1000000 | &nbsp;&nbsp; 1016497 |
| &nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue Series A AMT (AG Insured) | 5.00 | &nbsp;&nbsp; 7-1-2027 | 3000000 | &nbsp;&nbsp; 3111714 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport Series A-1 AMT%% | 5.00 | &nbsp;&nbsp; 11-1-2026 | 2000000 | &nbsp;&nbsp; 2041792 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport Series A-2 AMTøø%% | 5.00 | &nbsp;&nbsp; 11-1-2050 | 7500000 | &nbsp;&nbsp; 7943162 |
| &nbsp;&nbsp;&nbsp; Port Authority of Houston of Harris County Texas | 5.00 | &nbsp;&nbsp; 10-1-2025 | 950000 | &nbsp;&nbsp; 950000 |
|  |  |  |  | &nbsp;&nbsp; **20462901** |
| **Education revenue: 0.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Harmony Public Schools <br> Series A<br>| 4.00 | &nbsp;&nbsp; 2-15-2026 | 280000 | &nbsp;&nbsp; 281204 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. Braination, Inc. | 5.00 | &nbsp;&nbsp; 8-15-2028 | 360000 | &nbsp;&nbsp; 383264 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. Braination, Inc. | 5.00 | &nbsp;&nbsp; 8-15-2029 | 380000 | &nbsp;&nbsp; 411835 |
| &nbsp;&nbsp;&nbsp; Hale Center Education Facilities Corp. Wayland Baptist University | 5.00 | &nbsp;&nbsp; 3-1-2026 | 675000 | &nbsp;&nbsp; 678590 |
| &nbsp;&nbsp;&nbsp; University of North Texas System Series A | 5.00 | &nbsp;&nbsp; 4-15-2026 | 2700000 | &nbsp;&nbsp; 2734944 |
|  |  |  |  | &nbsp;&nbsp; **4489837** |
| **GO revenue: 4.90%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Austin%% | 5.00 | &nbsp;&nbsp; 9-1-2026 | 4000000 | &nbsp;&nbsp; 4088894 |
| &nbsp;&nbsp;&nbsp; City of DeSoto | 5.00 | &nbsp;&nbsp; 2-15-2026 | 3740000 | &nbsp;&nbsp; 3772330 |
| &nbsp;&nbsp;&nbsp; Denton Independent School District Series B1øø | 4.00 | &nbsp;&nbsp; 8-15-2055 | 4000000 | &nbsp;&nbsp; 4159410 |
| &nbsp;&nbsp;&nbsp; El Paso Independent School Districtøø | 5.00 | &nbsp;&nbsp; 2-1-2040 | 2250000 | &nbsp;&nbsp; 2264690 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District Series Bøø | 3.80 | &nbsp;&nbsp; 8-1-2055 | 3750000 | &nbsp;&nbsp; 3846008 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District Series Bøø | 4.00 | &nbsp;&nbsp; 8-1-2054 | 5000000 | &nbsp;&nbsp; 5116738 |
| &nbsp;&nbsp;&nbsp; Harris County Hospital District | 5.00 | &nbsp;&nbsp; 2-15-2029 | 2570000 | &nbsp;&nbsp; 2767368 |
| &nbsp;&nbsp;&nbsp; Hutto Independent School Districtøø | 4.00 | &nbsp;&nbsp; 2-1-2055 | 2000000 | &nbsp;&nbsp; 2062566 |
| &nbsp;&nbsp;&nbsp; Kilgore Independent School Districtøø | 4.00 | &nbsp;&nbsp; 2-15-2052 | 2500000 | &nbsp;&nbsp; 2523209 |
| &nbsp;&nbsp;&nbsp; North East Independent School Districtøø | 3.75 | &nbsp;&nbsp; 8-1-2049 | 2875000 | &nbsp;&nbsp; 2921187 |
| &nbsp;&nbsp;&nbsp; Northside Independent School Districtøø | 3.55 | &nbsp;&nbsp; 6-1-2050 | 5000000 | &nbsp;&nbsp; 5069568 |
| &nbsp;&nbsp;&nbsp; Northside Independent School District Series Bøø | 3.45 | &nbsp;&nbsp; 8-1-2054 | 2465000 | &nbsp;&nbsp; 2491404 |
| &nbsp;&nbsp;&nbsp; Plainview Independent School District Series Bøø | 4.00 | &nbsp;&nbsp; 2-15-2050 | 2035000 | &nbsp;&nbsp; 2053892 |
| &nbsp;&nbsp;&nbsp; Ponder Independent School Districtøø | 4.00 | &nbsp;&nbsp; 2-15-2051 | 2000000 | &nbsp;&nbsp; 2047817 |
| &nbsp;&nbsp;&nbsp; State of Texas Series A | 3.20 | &nbsp;&nbsp; 10-1-2028 | 3000000 | &nbsp;&nbsp; 3001122 |
|  |  |  |  | &nbsp;&nbsp; **48186203** |
| **Health revenue: 1.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp. Texas <br> Medical Center Obligated Group Series Aøø<br>| 5.00 | &nbsp;&nbsp; 5-15-2050 | 3000000 | &nbsp;&nbsp; 3286054 |
| &nbsp;&nbsp;&nbsp; Midland County Hospital District Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 5-15-2026 | 700000 | &nbsp;&nbsp; 709603 |

---

See accompanying notes to portfolio of investments

18 \| Allspring Ultra Short-Term Municipal Income Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Health revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Midland County Hospital District Series A (BAM Insured) | 5.00<br> %<br>| &nbsp;&nbsp; 5-15-2027 | $700000 | &nbsp;&nbsp; $726333 |
| &nbsp;&nbsp;&nbsp; Midland County Hospital District Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 5-15-2028 | 760000 | &nbsp;&nbsp; 806295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. Baylor <br> Scott & White Health Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 11-15-2028 | 3945000 | &nbsp;&nbsp; 3998260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. Methodist <br> Hospitals of Dallas Obligated Group Series B (TD Bank N.A. LOC)ø<br>| 3.45 | &nbsp;&nbsp; 10-1-2041 | 2600000 | &nbsp;&nbsp; 2600000 |
|  |  |  |  | &nbsp;&nbsp; **12126545** |
| **Housing revenue: 1.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Dallas Housing Finance Corp. Mondello Apartments LLC (FHA <br> Insured)øø<br>| 5.00 | &nbsp;&nbsp; 8-1-2027 | 1785000 | &nbsp;&nbsp; 1813199 |
| &nbsp;&nbsp;&nbsp; FW Chaparral PFC Chaparral Ranch Project | 3.13 | &nbsp;&nbsp; 10-1-2030 | 2000000 | &nbsp;&nbsp; 1983687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legacy Denton Public Facility Corp. 2100 Spencer Road TX <br> Owner LPøø<br>| 2.70 | &nbsp;&nbsp; 10-1-2043 | 4200000 | &nbsp;&nbsp; 4173079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Floater/Residual Trust Series 2024-MIZ9158 (Mizuho Capital <br> Markets LLC LOC, Mizuho Capital Markets LLC LIQ)144Aø<br>| 3.12 | &nbsp;&nbsp; 3-1-2038 | 2780000 | &nbsp;&nbsp; 2780000 |
| &nbsp;&nbsp;&nbsp; THF Public Facility Corp. THF Covington Acres LPøø | 3.34 | &nbsp;&nbsp; 2-1-2044 | 2500000 | &nbsp;&nbsp; 2524580 |
|  |  |  |  | &nbsp;&nbsp; **13274545** |
| **Industrial development revenue: 0.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue United Airlines, Inc. Series C <br> AMT<br>| 5.00 | &nbsp;&nbsp; 7-15-2028 | 3250000 | &nbsp;&nbsp; **3331246** |
| **Resource recovery revenue: 3.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mission Economic Development Corp. Waste Management, Inc. <br> AMTøø<br>| 4.00 | &nbsp;&nbsp; 11-1-2048 | 4000000 | &nbsp;&nbsp; 3999547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mission Economic Development Corp. Waste Management, Inc. <br> Series A AMTø<br>| 3.80 | &nbsp;&nbsp; 5-1-2046 | 2500000 | &nbsp;&nbsp; 2499213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Port Arthur Navigation District Motiva Enterprises LLC <br> Series Bø<br>| 3.85 | &nbsp;&nbsp; 4-1-2040 | 8000000 | &nbsp;&nbsp; 8000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Port Arthur Navigation District Motiva Enterprises LLC <br> Series Eø<br>| 3.50 | &nbsp;&nbsp; 11-1-2040 | 15000000 | &nbsp;&nbsp; 15000000 |
|  |  |  |  | &nbsp;&nbsp; **29498760** |
| **Tax revenue: 0.77%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Dallas Hotel Occupancy Tax Revenue | 4.00 | &nbsp;&nbsp; 8-15-2027 | 2000000 | &nbsp;&nbsp; 2021509 |
| &nbsp;&nbsp;&nbsp; City of Houston Hotel Occupancy Tax & Special Revenue | 5.00 | &nbsp;&nbsp; 9-1-2029 | 1500000 | &nbsp;&nbsp; 1502463 |
| &nbsp;&nbsp;&nbsp; Harris County-Houston Sports Authority Series B (AG Insured) | 5.00 | &nbsp;&nbsp; 11-15-2026 | 4000000 | &nbsp;&nbsp; 4097615 |
|  |  |  |  | &nbsp;&nbsp; **7621587** |
| **Transportation revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Fort Bend Toll Road Revenue (AG Insured) | 5.00 | &nbsp;&nbsp; 3-1-2027 | 500000 | &nbsp;&nbsp; 516817 |
| &nbsp;&nbsp;&nbsp; County of Fort Bend Toll Road Revenue (AG Insured) | 5.00 | &nbsp;&nbsp; 3-1-2028 | 450000 | &nbsp;&nbsp; 476019 |
| &nbsp;&nbsp;&nbsp; County of Fort Bend Toll Road Revenue (AG Insured) | 5.00 | &nbsp;&nbsp; 3-1-2029 | 400000 | &nbsp;&nbsp; 431937 |
|  |  |  |  | &nbsp;&nbsp; **1424773** |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 19

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue: 0.71%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of San Antonio Electric & Gas Systems Revenueøø | 3.65<br> %<br>| &nbsp;&nbsp; 2-1-2053 | $3000000 | &nbsp;&nbsp; $3010627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of San Antonio Electric & Gas Systems Revenue (SIFMA <br> Municipal Swap+0.87%)±<br>| 3.76 | &nbsp;&nbsp; 2-1-2048 | 4000000 | &nbsp;&nbsp; 3999501 |
|  |  |  |  | &nbsp;&nbsp; **7010128** |
| **Water & sewer revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; San Antonio Water System Series A (Truist Bank SPA)ø | 3.80 | &nbsp;&nbsp; 5-1-2054 | 2000000 | &nbsp;&nbsp; **2000000** |
|  |  |  |  | &nbsp;&nbsp; **149426525** |
| **Utah: 0.18%** |  |  |  |  |
| **Airport revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Salt Lake City Airport Revenue Series A AMT | 5.00 | &nbsp;&nbsp; 7-1-2026 | 1000000 | &nbsp;&nbsp; **1015225** |
| **Utilities revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Southern Utah Valley Power Systems (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-15-2028 | 400000 | &nbsp;&nbsp; 424776 |
| &nbsp;&nbsp;&nbsp; Southern Utah Valley Power Systems (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-15-2029 | 285000 | &nbsp;&nbsp; 308054 |
|  |  |  |  | &nbsp;&nbsp; **732830** |
|  |  |  |  | &nbsp;&nbsp; **1748055** |
| **Vermont: 0.41%** |  |  |  |  |
| **Housing revenue: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Vermont Housing Finance Agency Series E-2 (FHA Insured) | 3.50 | &nbsp;&nbsp; 11-1-2026 | 4000000 | &nbsp;&nbsp; **4002365** |
| **Virginia: 2.02%** |  |  |  |  |
| **Education revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority Hampton University | 5.00 | &nbsp;&nbsp; 10-1-2028 | 1205000 | &nbsp;&nbsp; **1269467** |
| **Health revenue: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Isle of Wight County EDA Riverside Healthcare Association Obligated <br> Group (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2026 | 500000 | &nbsp;&nbsp; 507949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Isle of Wight County EDA Riverside Healthcare Association Obligated <br> Group (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2027 | 500000 | &nbsp;&nbsp; 519926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Isle of Wight County EDA Riverside Healthcare Association Obligated <br> Group (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2028 | 350000 | &nbsp;&nbsp; 371878 |
|  |  |  |  | &nbsp;&nbsp; **1399753** |
| **Housing revenue: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority Series Føø | 3.63 | &nbsp;&nbsp; 7-1-2055 | 1310000 | &nbsp;&nbsp; **1310227** |
| **Industrial development revenue: 0.96%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fairfax County EDA Smithsonian Institution Series B (Northern Trust <br> Company SPA)ø<br>| 3.10 | &nbsp;&nbsp; 12-1-2033 | 7455000 | &nbsp;&nbsp; 7455000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority Pure Salmon Virginia LLC <br> AMTøø<br>| 4.00 | &nbsp;&nbsp; 11-1-2052 | 2000000 | &nbsp;&nbsp; 2001166 |
|  |  |  |  | &nbsp;&nbsp; **9456166** |
| **Miscellaneous revenue: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rappahannock Regional Jail Authority | 5.00 | &nbsp;&nbsp; 10-1-2026 | 1375000 | &nbsp;&nbsp; **1376851** |

---

See accompanying notes to portfolio of investments

20 \| Allspring Ultra Short-Term Municipal Income Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue: 0.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Louisa IDA Virginia Electric and Power Co. Series Bøø | 3.13<br> %<br>| &nbsp;&nbsp; 11-1-2035 | $5000000 | &nbsp;&nbsp; $**5045434** |
|  |  |  |  | &nbsp;&nbsp; **19857898** |
| **Washington: 0.42%** |  |  |  |  |
| **GO revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of King | 4.00 | &nbsp;&nbsp; 7-1-2029 | 2000000 | &nbsp;&nbsp; **2043048** |
| **Housing revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Seattle Housing Authority Northgate Plaza Project | 1.00 | &nbsp;&nbsp; 6-1-2026 | 2175000 | &nbsp;&nbsp; **2135436** |
|  |  |  |  | &nbsp;&nbsp; **4178484** |
| **West Virginia: 0.56%** |  |  |  |  |
| **Industrial development revenue: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; West Virginia EDA Appalachian Power Co. Series Aøø | 0.63 | &nbsp;&nbsp; 12-1-2038 | 3000000 | &nbsp;&nbsp; **2984413** |
| **Resource recovery revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; West Virginia EDA Kentucky Power Co. Series 2014-A AMTøø | 4.70 | &nbsp;&nbsp; 4-1-2036 | 2500000 | &nbsp;&nbsp; **2512252** |
|  |  |  |  | &nbsp;&nbsp; **5496665** |
| **Wisconsin: 5.00%** |  |  |  |  |
| **GO revenue: 0.80%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Manitowoc | 4.25 | &nbsp;&nbsp; 8-1-2027 | 4035000 | &nbsp;&nbsp; 4101155 |
| &nbsp;&nbsp;&nbsp; City of Milwaukee Series N3 (AG Insured) | 5.00 | &nbsp;&nbsp; 4-1-2029 | 690000 | &nbsp;&nbsp; 742508 |
| &nbsp;&nbsp;&nbsp; County of Dane Series C AMT%% | 4.00 | &nbsp;&nbsp; 6-1-2026 | 1000000 | &nbsp;&nbsp; 1006680 |
| &nbsp;&nbsp;&nbsp; Pardeeville Area School District | 4.00 | &nbsp;&nbsp; 8-28-2026 | 2000000 | &nbsp;&nbsp; 2015179 |
|  |  |  |  | &nbsp;&nbsp; **7865522** |
| **Health revenue: 1.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Wisconsin Hospitals & Clinics Authority Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 4-1-2027 | 850000 | &nbsp;&nbsp; 881137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Wisconsin Hospitals & Clinics Authority Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 4-1-2028 | 900000 | &nbsp;&nbsp; 954063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Wisconsin Hospitals & Clinics Authority Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 4-1-2029 | 850000 | &nbsp;&nbsp; 919812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Wisconsin Hospitals & Clinics Authority Obligated Group <br> Series C (U.S. Bank N.A. SPA)ø<br>| 3.80 | &nbsp;&nbsp; 4-1-2054 | 1000000 | &nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA Advocate Aurora Health Obligated Group Series B-<br> 2øø<br>| 5.00 | &nbsp;&nbsp; 8-15-2054 | 2250000 | &nbsp;&nbsp; 2284941 |
| &nbsp;&nbsp;&nbsp; Wisconsin HEFA Hospital Sisters Services Obligated Group Series A | 5.00 | &nbsp;&nbsp; 8-15-2029 | 3500000 | &nbsp;&nbsp; 3787167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA Rogers Memorial Hospital, Inc. Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 7-1-2026 | 670000 | &nbsp;&nbsp; 671203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA Rogers Memorial Hospital, Inc. Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 7-1-2027 | 1415000 | &nbsp;&nbsp; 1419122 |
|  |  |  |  | &nbsp;&nbsp; **11917445** |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 21

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin Housing & EDA Home Ownership Revenue Series D (GNMA <br> / FNMA / FHLMC Insured) (Royal Bank of Canada SPA)ø<br>| 2.90<br> %<br>| &nbsp;&nbsp; 3-1-2042 | $1915000 | &nbsp;&nbsp; $1915000 |
| &nbsp;&nbsp;&nbsp; Wisconsin Housing & EDA Flats at Bishops Woods LP Series Føø | 5.00 | &nbsp;&nbsp; 12-1-2027 | 1100000 | &nbsp;&nbsp; 1126508 |
|  |  |  |  | &nbsp;&nbsp; **3041508** |
| **Miscellaneous revenue: 2.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Appleton RDA Fox Cities Performing Arts Center, Inc. Series B <br> (Thrivent Financial Lutherans LOC)ø<br>| 3.40 | &nbsp;&nbsp; 6-1-2036 | 11300000 | &nbsp;&nbsp; 11300000 |
| &nbsp;&nbsp;&nbsp; Peshtigo School District BAN | 4.75 | &nbsp;&nbsp; 3-1-2027 | 2500000 | &nbsp;&nbsp; 2503181 |
| &nbsp;&nbsp;&nbsp; Town of Clayton Series B | 2.00 | &nbsp;&nbsp; 6-1-2026 | 1000000 | &nbsp;&nbsp; 989625 |
| &nbsp;&nbsp;&nbsp; Village of Johnson Creek Series A | 3.50 | &nbsp;&nbsp; 5-1-2030 | 2000000 | &nbsp;&nbsp; 2006696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA Forensic Science & Protective Medicine <br> Collaboration, Inc.144A<br>| 5.00 | &nbsp;&nbsp; 8-1-2027 | 3000000 | &nbsp;&nbsp; 3040363 |
|  |  |  |  | &nbsp;&nbsp; **19839865** |
| **Utilities revenue: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PFA Duke Energy Progress LLC Series A-1øø | 3.30 | &nbsp;&nbsp; 10-1-2046 | 3000000 | &nbsp;&nbsp; **3008316** |
| **Water & sewer revenue: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Town of Clayton Water & Sewer System Revenue Series C BAN | 2.00 | &nbsp;&nbsp; 6-1-2026 | 1500000 | &nbsp;&nbsp; 1482807 |
| &nbsp;&nbsp;&nbsp; Village of Sharon Combined Utility System Revenue Series A BAN | 5.00 | &nbsp;&nbsp; 12-1-2026 | 2000000 | &nbsp;&nbsp; 2020436 |
|  |  |  |  | &nbsp;&nbsp; **3503243** |
|  |  |  |  | &nbsp;&nbsp; **49175899** |
| **Wyoming: 0.20%** |  |  |  |  |
| **Health revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sublette County Hospital District Construction Project Series A | 5.00 | &nbsp;&nbsp; 6-15-2026 | 2000000 | &nbsp;&nbsp; **2000494** |
| **Total municipal obligations (Cost $979,203,882)** |  |  |  | &nbsp;&nbsp; **982479748** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Yield |  |  |  |
| **Short-term investments: 0.23%** |  |  |  |  |
| **Commercial paper: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ohio Higher Educational Facility Commission | 2.70 | &nbsp;&nbsp; 10-28-2025 | 1000000 | &nbsp;&nbsp; **1000069** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | Shares |  |
| **Investment companies: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞## |  | 4.07 | 1227303 | &nbsp;&nbsp; **1227303** |
| **Total short-term investments (Cost $2,227,303)** |  |  |  | &nbsp;&nbsp; **2227372** |
| **Total investments in securities (Cost $994,881,185)** | 101.48<br> %<br>|  |  | &nbsp;&nbsp; 998157120 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | (1.48)<br>|  |  | &nbsp;&nbsp; (14511471)<br>|
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$983645649** |

---

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

See accompanying notes to portfolio of investments

22 \| Allspring Ultra Short-Term Municipal Income Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | |
|:---|:---|
| 144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of <br> 1933.<br>|
| ø | Variable rate demand notes are subject to a demand feature which reduces the effective maturity. The maturity date shown represents the final maturity date of <br> the security. The interest rate is determined and reset by the issuer daily, weekly, or monthly depending upon the terms of the security. The rate shown is the rate in <br> effect at period end.<br>|
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| øø | The interest rate is determined and reset by the issuer periodically depending upon the terms of the security. The rate shown is the rate in effect at period end. |
| ## | All or a portion of this security is segregated as collateral for when-issued securities. |
| € | The security is an auction-rate security which has an interest rate that resets at predetermined short-term intervals through a Dutch auction. The rate shown is the <br> rate in effect at period end.<br>|
| %% | The security is purchased on a when-issued basis. |
| ♠ | The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. |
| ∞ | The rate represents the 7-day annualized yield at period end. |

---

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

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| AG | Assured Guaranty Incorporation |
| Ambac | Ambac Financial Group Incorporated |
| AMT | Alternative minimum tax |
| BAM | Build America Mutual Assurance Company |
| BAN | Bond anticipation note |
| CDA | Community Development Authority |
| COP | Certificate of participation |
| EDA | Economic Development Authority |
| EDFA | Economic Development Finance Authority |
| FHA | Federal Housing Administration |
| FHLB | Federal Home Loan Bank |
| FHLMC | Federal Home Loan Mortgage Corporation |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General obligation |
| HEFA | Health & Educational Facilities Authority |
| HFA | Housing Finance Authority |
| HFFA | Health Facilities Financing Authority |
| IDA | Industrial Development Authority |
| LIQ | Liquidity agreement |
| LOC | Letter of credit |
| PCFA | Pollution Control Financing Authority |
| PFA | Public Finance Authority |
| QSBLF | Qualified School Board Loan Fund Insured |
| RDA | Redevelopment Authority |
| SIFMA | Securities Industry and Financial Markets Association |
| SOFR | Secured Overnight Financing Rate |
| SPA | Standby purchase agreement |

---

**Investments in affiliates**

An affiliated investment is an investment in which the Fund owns at least 5% of the outstanding voting shares of the issuer or as a result of other relationships, such as the Fund and the issuer having the same investment manager. Transactions with issuers that were affiliates of the Fund at the end of the period were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select <br> Class<br>| $4672374 | $98270935 | $(101716006)<br>| $0 | $0 | $1227303 | 1227303 | $52549 |

---

See accompanying notes to portfolio of investments

Allspring Ultra Short-Term Municipal Income Fund \| 23

------

Notes to portfolio of investments—September 30, 2025 (unaudited)

Notes to portfolio of investments

Securities valuation

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

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

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

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

When-issued transactions

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

Fair valuation measurements

Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Fund's investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The Fund's investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:

• Level 1 – quoted prices in active markets for identical securities

• Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Closed-end fund obligations** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $13450000 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $13450000 |
| **Municipal obligations** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 982479748 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 982479748 |
| **Short-term investments** |  |  |  |  |
| *Commercial paper* | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1000069 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1000069 |
| *Investment companies* | &nbsp;&nbsp; 1227303 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1227303 |
| **Total assets** | &nbsp;&nbsp; **$1227303** | &nbsp;&nbsp;&nbsp; **$996929817** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$998157120** |

---

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

At September 30, 2025, the Fund did not have any transfers into/out of Level 3.

24 \| Allspring Ultra Short-Term Municipal Income Fund

------

## 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 Ultra Short-Term Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000007412

- **c. LEI of Series:** 549300WWW4B0Y0360Z90

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1008101712.24

**Total Liabilities:** $19128145.21

**Net Assets:** $988973567.03

**Delayed Delivery Securities:** $16498351.63

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -6183.63000000 | **1-Year:** -46254.10000000 | **5-Year:** -38961.67000000 | **10-Year:** -48442.96000000 | **30-Year:** -32530.38000000

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

- **3-Month:** -763.46000000 | **1-Year:** -2556.15000000 | **5-Year:** -1706.93000000 | **10-Year:** -632.74000000 | **30-Year:** -431.91000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000064981 | 0.37%                | 0.27%                | 0.17%                |
| Class ID C000220296 | 0.44%                | 0.34%                | 0.24%                |
| Class ID C000020340 | 0.44%                | 0.34%                | 0.23%                |
| Class ID C000205247 | 0.46%                | 0.36%                | 0.25%                |
| Class ID C000020341 | 0.46%                | 0.36%                | 0.25%                |
| Class ID C000092790 | 0.43%                | 0.34%                |  |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $32163.85                | $1376067.66                                |
| Month 2  | $630.02                  | $1163686.13                                |
| Month 3  | $683.10                  | $-180007.89                                |

### Schedule of Portfolio Investments

| Name                                                                            | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| North Carolina Capital Facilities Finance Agency                                | NORTH CAROLINA ST CAPITAL FACS FIN AGY SOL WST DISP REVENUE  | CUSIP: 65820AAP3<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.25%             | 2038-06-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI CTFS                                      | CUSIP: 74448XBE1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.51%             | 2055-02-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp                                             | DALLAS TX HSG FIN CORP                                       | CUSIP: 235298BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1813198.89   | 0.18%             | 2027-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Seattle Housing Authority                                                       | SEATTLE WA HSG AUTH                                          | CUSIP: 812636ML9<br>LEI: 5493003LM6XXXMFX5M88 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2135436.32   | 0.22%             | 2026-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                  | PALOMAR HLTH CA REVENUE                                      | CUSIP: 697528AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2292783.42   | 0.23%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542691LD0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4974186.50   | 0.50%             | 2055-09-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Southern Idaho Regional Solid Waste District                                    | STHRN ID REGL SOL WST DIST REVENUE                           | CUSIP: 843104AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2837917.91   | 0.29%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035JWZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5970000 | PA      | $5970000.00   | 0.60%             | 2031-01-15      | Floating      | 3.09%                 | No            |                  2 | On Loan: No      |
| Hale Center Education Facilities Corp                                           | HALE CENTER TX EDU FACS CORP REVENUE                         | CUSIP: 405423BL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $678589.38    | 0.07%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GQR6<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.20%             | 2054-05-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                           | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145SZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $411834.96    | 0.04%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hutto Independent School District                                               | HUTTO TX INDEP SCH DIST                                      | CUSIP: 4484926N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2062566.00   | 0.21%             | 2055-02-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX Airport Revenue                                              | EL PASO TX ARPT REVENUE                                      | CUSIP: 283736CA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034107.60   | 0.21%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plainview Independent School District                                           | PLAINVIEW TX INDEP SCH DIST                                  | CUSIP: 726736GY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2053892.13   | 0.21%             | 2050-02-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Peoria IL                                                               | PEORIA IL                                                    | CUSIP: 713178DU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501284.10    | 0.05%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ATR3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5292000.50   | 0.54%             | 2052-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GEK6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 1.01%             | 2049-06-15      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                               | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY          | CUSIP: 647207BF5<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |    640000 | PA      | $670548.03    | 0.07%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peshtigo School District                                                        | PESHTIGO WI SCH DIST                                         | CUSIP: 715777FE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2503180.75   | 0.25%             | 2027-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                  | ALLEN CNTY OH HOSP FACS REVENUE                              | CUSIP: 01757LGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5173540.50   | 0.52%             | 2049-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DEG5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    525000 | PA      | $539804.53    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Housing Finance Agency                                                  | VERMONT ST HSG FIN AGY                                       | CUSIP: 924190G21<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4002364.80   | 0.40%             | 2026-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| State of Alaska International Airports System                                   | ALASKA ST INTERNATIONAL ARPTS REVENUES                       | CUSIP: 011842UN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.20%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                             | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DEQ5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1419122.32   | 0.14%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                          | LOS ANGELES CA                                               | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10192118.00  | 1.03%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Midland County Hospital District                                                | MIDLAND CNTY TX HOSP DIST                                    | CUSIP: 597503DR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $806295.10    | 0.08%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                          | ILLINOIS ST HSG DEV AUTH MF REVENUE                          | CUSIP: 45202BRF5<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    990000 | PA      | $990000.00    | 0.10%             | 2064-01-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                             | IDAHO ST HSG & FIN ASSN MF HSG REVENUE                       | CUSIP: 45129XBE7<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3022099.80   | 0.31%             | 2050-06-10      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| Garfield County Independent School District No 56 Pioneer-Pleasant Vale         | GARFIELD CNTY OK INDEP SCH DIST #56 PIONEER-PLEASANT         | CUSIP: 365746CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375235.20    | 0.04%             | 2028-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CALIFORNIA ST PUBLIC PWR AUTH                          | CUSIP: 842475R80<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011465.10   | 0.30%             | 2040-07-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                          | ILLINOIS ST HSG DEV AUTH MF HSG REVENUE                      | CUSIP: 45203LEL3<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012509.80   | 0.20%             | 2027-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| VLY STREAM NY                                                                   | VLY STREAM NY                                                | CUSIP: 920100X58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1924370.29   | 0.19%             | 2026-05-08      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | NATIONAL FIN AUTH NH SOL WST DISP REVENUE                    | CUSIP: 63608RAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000551.90   | 0.10%             | 2033-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                      | CUSIP: 04062PDH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4180000 | PA      | $4149189.64   | 0.42%             | 2047-07-01      | Floating      | 2.76%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                           | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970942.50    | 0.10%             | 2031-06-01      | Floating      | 1.10%                 | No            |                  2 | On Loan: No      |
| County of Butler OH                                                             | BUTLER CNTY OH HOSP FACS                                     | CUSIP: 123550HJ7<br>LEI: 54930064OLVQO8IVR655 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1581584.90   | 0.16%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Putters/Drivers Trust                                            | JP MORGAN CHASE PUTTERS/DRIVERS TRUST VARIOUS STATES         | CUSIP: 46640KS62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20000000.00  | 2.02%             | 2026-04-24      | Floating      | 3.09%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                    | CHARLOTTE-MECKLENBURG NC HOSPAUTH HLTH CARE SYS REVENUE      | CUSIP: 160853VG9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1497009.45   | 0.15%             | 2048-01-15      | Floating      | 0.80%                 | No            |                  2 | On Loan: No      |
| City of Forest Park OH                                                          | FOREST PARK OH                                               | CUSIP: 346190HV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008073.10   | 0.10%             | 2026-05-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue        | INDIANAPOLIS IN WTR SYS REVENUE                              | CUSIP: 455412AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1875163.75   | 0.19%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                 | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A5V4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5949479.40   | 0.60%             | 2047-11-15      | Floating      | 3.59%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                            | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827N77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2830055.76   | 0.29%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035RL28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.40%             | 2050-05-01      | Floating      | 2.94%                 | No            |                  2 | On Loan: No      |
| City of Warrensville Heights OH                                                 | WARRENSVILLE HEIGHTS OH                                      | CUSIP: 936104LS5<br>LEI: 549300GG2NSRBW6FL776 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021225.80   | 0.20%             | 2026-06-24      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST                                     | CUSIP: 88034N2M5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1850000.00   | 0.19%             | 2043-07-15      | Floating      | 2.94%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                     | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DJB9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2801903.58   | 0.28%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinellas County Housing Finance Authority                                       | PINELLAS CNTY FL HSG FIN AUTHMF HSG REVENUE                  | CUSIP: 72317BAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6063554.40   | 0.61%             | 2044-04-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                          | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045X65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $935302.51    | 0.09%             | 2027-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CA PUBLIC PWR AUTH REVENUE                             | CUSIP: 84247PMZ1<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    400000 | PA      | $412454.48    | 0.04%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                       | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576FK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015225.50   | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                       | NORTH EAST TX INDEP SCH DIST                                 | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2921186.59   | 0.30%             | 2049-08-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Harvey County Unified School District 440 Halstead-Bentley                      | HARVEY CNTY KS UNIF SCH DIST #440 HALSTEAD                   | CUSIP: 417632DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $404024.13    | 0.04%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | MISSOURI ST HLTH & EDUCTNL FACS AUTH                         | CUSIP: 60635H3S6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    760000 | PA      | $774164.04    | 0.08%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS                                                            | MANHATTAN KS                                                 | CUSIP: 562895XA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4052282.80   | 0.41%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The             | PHOENIX AZ INDL DEV AUTH SOL WST REVENUE                     | CUSIP: 71884RAA0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999691.20   | 0.20%             | 2035-12-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035JH39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8620000 | PA      | $8620000.00   | 0.87%             | 2047-04-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966GBC5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.08%             | 2032-01-01      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FSF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043048.20   | 0.21%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                              | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727G75<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    600000 | PA      | $615704.88    | 0.06%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority                                                | RALEIGH DURHAM NC ARPT AUTH ARPT REVENUE                     | CUSIP: 751073GK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $835000.00    | 0.08%             | 2036-05-01      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182RW8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008152.80   | 0.30%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Utah Valley Power Systems                                              | STHRN UT VLY PWR SYS TRANSMISSION SYS REVENUE                | CUSIP: 84408PAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $308054.39    | 0.03%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528VAX7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508002.35   | 0.15%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fulton GA                                                             | FULTON CNTY GA                                               | CUSIP: 360046V94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007349.20   | 0.20%             | 2025-12-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | CALIFORNIA PUBLIC FIN AUTH REVENUE                           | CUSIP: 13057EDS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400023.32    | 0.04%             | 2025-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Garfield County Independent School District No 56 Pioneer-Pleasant Vale         | GARFIELD CNTY OK INDEP SCH DIST #56 PIONEER-PLEASANT         | CUSIP: 365746CU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400820.28    | 0.04%             | 2027-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                              | CHICAGO IL MF HSG REVENUE                                    | CUSIP: 167570TV2<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2156774.44   | 0.22%             | 2027-08-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                       | VERNON CA ELEC SYS REVENUE                                   | CUSIP: 924397EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $596480.04    | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ponder Independent School District                                              | PONDER TX INDEP SCH DIST                                     | CUSIP: 732402JQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047817.20   | 0.21%             | 2051-02-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                   | MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV             | CUSIP: 57419T4U2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6005071.80   | 0.61%             | 2025-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035HDQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.51%             | 2050-06-15      | Floating      | 2.93%                 | No            |                  2 | On Loan: No      |
| County of Dane WI                                                               | DANE CNTY WI                                                 | CUSIP: 236092RW4<br>LEI: 5493000I57K3U1SCHU17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006679.80   | 0.10%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                            | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827N51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1769211.66   | 0.18%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966J5Y8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.02%             | 2040-10-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REVE | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001165.80   | 0.20%             | 2052-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Garfield County Independent School District No 56 Pioneer-Pleasant Vale         | GARFIELD CNTY OK INDEP SCH DIST #56 PIONEER-PLEASANT         | CUSIP: 365746CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $399292.28    | 0.04%             | 2029-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                           | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3846008.25   | 0.39%             | 2055-08-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Legacy Denton Public Facility Corp                                              | LEGACY DENTON PUB FAC CORP MF HSG REVENUE                    | CUSIP: 52474GAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4173078.84   | 0.42%             | 2043-10-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                        | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                 | CUSIP: 44237NHP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502463.15   | 0.15%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182PH3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1843328.56   | 0.19%             | 2031-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                        | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250FK5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1534012.80   | 0.16%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1379860.41   | 0.14%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CFM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041791.60   | 0.21%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lancaster OH                                                            | LANCASTER OH                                                 | CUSIP: 514246JD0<br>LEI: 549300OOF1YMTXDU5286 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1511011.50   | 0.15%             | 2026-06-10      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                                     | UNIV HOSPS & CLINICS AUTH WI                                 | CUSIP: 915260EZ2<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |    900000 | PA      | $954063.18    | 0.10%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rib Floater Trust Various States                                                | RIB FLOATER TRUST                                            | CUSIP: 76252PH85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2635000.00   | 0.27%             | 2050-07-01      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152A76<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2512988.50   | 0.25%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE     | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2997821.40   | 0.30%             | 2043-07-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Oklahoma Housing Finance Agency                                                 | OKLAHOMA HSG FIN AGY COLLATERALIZED REVENUE BONDS            | CUSIP: 67886UAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1536473.19   | 0.16%             | 2028-07-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| Harris County Hospital District                                                 | HARRIS CNTY TX HOSP DIST CTFS OF OBLIG                       | CUSIP: 41415UBH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2767367.78   | 0.28%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6155000 | PA      | $6188354.56   | 0.63%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority | CUMBERLAND CNTY NC INDL FACS & POLL CONTROL FING AUTH SOL WS | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500363.25   | 0.25%             | 2027-12-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Chatom Industrial Development Board                                             | CHATOM AL INDL DEV BRD REVENUE                               | CUSIP: 162296AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1749416.03   | 0.18%             | 2037-08-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UG93<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    540000 | PA      | $562743.29    | 0.06%             | 2040-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Trumbull OH                                                           | TRUMBULL CNTY OH                                             | CUSIP: 898133ZN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2041000 | PA      | $2049294.83   | 0.21%             | 2026-03-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pardeeville Area School District/WI                                             | PARDEEVILLE WI AREA SCH DIST                                 | CUSIP: 699444EU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015179.20   | 0.20%             | 2026-08-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                          | STATE PUBLIC SCH BLDG AUTH PA LEASE REVENUE                  | CUSIP: 85732GUB4<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2297502.68   | 0.23%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966KCW1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2038-10-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349GC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3111714.30   | 0.31%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                              | MARYLAND ST ECON DEV CORP                                    | CUSIP: 574205GV6<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    300000 | PA      | $313634.58    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                    | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UTB0<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    765000 | PA      | $818452.85    | 0.08%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Sumter County Utility Dependent District                                  | N SUMTER CNTY FL UTILITY DEPENDENT DIST UTILITY REVENUE      | CUSIP: 66272RDN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $635000.00    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                          | HARRIS CNTY-HOUSTON TX SPORTS AUTH REVENUE                   | CUSIP: 413890HF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4097614.40   | 0.41%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262077P3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    225000 | PA      | $226359.65    | 0.02%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Orlando FL                                                              | ORLANDO FL CONTRACT TOURIST DEV TAX PAYMENTS REVENUE         | CUSIP: 686432BB0<br>LEI: G8GZFWRIKS3AFD6AWU52 | Long             | DBT              | MUN               | US        |   4405000 | PA      | $4412357.67   | 0.45%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                          | MINNEAPOLIS MN REVENUE                                       | CUSIP: 603786FP4<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.20%             | 2040-12-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                        | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080RZ6<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2508689.25   | 0.25%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garfield County Independent School District No 56 Pioneer-Pleasant Vale         | GARFIELD CNTY OK INDEP SCH DIST #56 PIONEER-PLEASANT         | CUSIP: 365746CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149875.59    | 0.02%             | 2030-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NUVEEN AMT FREE MUNI CREDIT                                                     | NUVEEN AMT FREE MUNI CREDIT                                  | CUSIP: 000000000<br>LEI: 549300LBMO1C0IG71T03 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.25%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE   | CUSIP: 84136JAA7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3071330.70   | 0.31%             | 2026-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                    | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS             | CUSIP: 95648VBP3<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2512252.25   | 0.25%             | 2036-04-01      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBQ9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1771128.63   | 0.18%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Putters/Drivers Trust                                            | JP MORGAN CHASE PUTTERS/DRIVERS TRUST VARIOUS STATES         | CUSIP: 46640KS39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.51%             | 2026-01-24      | Floating      | 3.09%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                           | CUYAHOGA CNTY OH COPS                                        | CUSIP: 23225PAX3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051724.40   | 0.21%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193NM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1561539.42   | 0.16%             | 2030-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westfield Redevelopment Authority                                               | WESTFIELD IN REDEV AUTH                                      | CUSIP: 96009CAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $528228.32    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Floater/Residual Trust                                                   | MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES                 | CUSIP: 60700HUN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2780000 | PA      | $2780000.00   | 0.28%             | 2038-03-01      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                           | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145SY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $383264.10    | 0.04%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                            | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827N28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402093.56    | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harvey County Unified School District 440 Halstead-Bentley                      | HARVEY CNTY KS UNIF SCH DIST #440 HALSTEAD                   | CUSIP: 417632DB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $344230.29    | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                     | OHIO ST HSG FIN AGY MF HSG REVENUE                           | CUSIP: 676900XU2<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4037624.00   | 0.41%             | 2043-07-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| City of Holyoke MA                                                              | HOLYOKE MA                                                   | CUSIP: 436705GX9<br>LEI: 549300I9GWXX4SYOE358 | Long             | DBT              | MUN               | US        |   3507739 | PA      | $3510257.56   | 0.35%             | 2025-10-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063EMP8<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55103.53     | 0.01%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rural Water Financing Agency                                                    | RURAL WTR FING AGY KY PUBLIC PROJS REVENUE                   | CUSIP: 781741AV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4225000 | PA      | $4198004.79   | 0.42%             | 2027-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PEFA Inc                                                                        | PEFA INC IA GAS PROJ REVENUE                                 | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1953741.31   | 0.20%             | 2049-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of DeSoto TX                                                               | DESOTO TX                                                    | CUSIP: 24170PWC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3772330.43   | 0.38%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manitowoc WI                                                            | MANITOWOC WI                                                 | CUSIP: 5635884G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4035000 | PA      | $4101154.63   | 0.41%             | 2027-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                | ALASKA ST INDL DEV & EXPORT AUTH REVENUE                     | CUSIP: 011903FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1511431.45   | 0.15%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204E2L1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998100.60   | 0.20%             | 2034-11-01      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                    | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS             | CUSIP: 95648VBH1<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2984413.20   | 0.30%             | 2038-12-01      | Floating      | 0.63%                 | No            |                  2 | On Loan: No      |
| Monroe Local School District                                                    | MONROE OH LOCAL SCH DIST                                     | CUSIP: 611237CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2202759.24   | 0.22%             | 2025-12-03      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI POLL CONTROL REVENUE                      | CUSIP: 74447HAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008315.40   | 0.30%             | 2046-10-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTHCARE REVENUE        | CUSIP: 83704HAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257782.48    | 0.03%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside School District                                                       | RIVERSIDE PA SCH DIST                                        | CUSIP: 769250KN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $550238.81    | 0.06%             | 2025-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QWQ9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.30%             | 2042-04-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| City of Oak Park Heights MN                                                     | OAK PARK HEIGHTS MN MF REVENUE                               | CUSIP: 671575AV0<br>LEI: 549300837OY6JGJQH303 | Long             | DBT              | MUN               | US        |    785000 | PA      | $785000.00    | 0.08%             | 2035-11-01      | Floating      | 2.86%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                            | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562UB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $401661.04    | 0.04%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966SMQ6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9000000.00   | 0.91%             | 2044-03-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH MF HSG REVENUE                   | CUSIP: 64719HEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997727.60   | 0.20%             | 2042-02-01      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                      | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 610530FU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1831400.06   | 0.19%             | 2049-07-01      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                    | CHARLOTTE-MECKLENBURG NC HOSPAUTH HLTH CARE SYS REVENUE      | CUSIP: 160853UN5<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    900000 | PA      | $900000.00    | 0.09%             | 2048-01-15      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                            | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562SX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3015095.40   | 0.30%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GHJ5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3010626.60   | 0.30%             | 2053-02-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                            | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562UC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $237148.88    | 0.02%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Science and Technology Park Metropolitan District No 1                 | COLORADO SCIENCE AND TECH PARK MET DIST NO 1                 | CUSIP: 19658CAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $845346.63    | 0.09%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035MDW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3425000.00   | 0.35%             | 2054-11-01      | Floating      | 3.09%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TFV4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1892601.55   | 0.19%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                              | WHITING IN ENVRNMNTL FACS REVENUE                            | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6380000 | PA      | $6464311.70   | 0.65%             | 2044-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Sharon WI Combined Utility System Revenue                            | SHARON WI UTILITY SYS REVENUE                                | CUSIP: 819857AR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020436.20   | 0.20%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035RXC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2375000.00   | 0.24%             | 2051-05-15      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TVG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008974.00   | 0.20%             | 2026-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                               | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550L75<br>LEI: 549300J36FX8PM8L7086 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4084547.20   | 0.41%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Paso Independent School District                                             | EL PASO TX INDEP SCH DIST                                    | CUSIP: 283770PC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2264689.80   | 0.23%             | 2040-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Mifflin OH                                                          | MIFFLIN TWP OH                                               | CUSIP: 598566AU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1055553.56   | 0.11%             | 2026-02-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fort Bend TX Toll Road Revenue                                        | FORT BEND CNTY TX TOLL ROAD REVENUE                          | CUSIP: 346817EA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $476018.69    | 0.05%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue       | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE      | CUSIP: 97689QQH2<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1915000.00   | 0.19%             | 2042-03-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FEH4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2849933.74   | 0.29%             | 2050-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080S2U7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   9200000 | PA      | $9872188.80   | 1.00%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152H38<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518901.80   | 0.15%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                           | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5116738.50   | 0.52%             | 2054-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                               | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE             | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6006513.00   | 0.61%             | 2049-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                             | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 7352403P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3960000 | PA      | $4255465.90   | 0.43%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Utah Valley Power Systems                                              | STHRN UT VLY PWR SYS TRANSMISSION SYS REVENUE                | CUSIP: 84408PAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $424775.48    | 0.04%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Municipal Credit Income Fund                                    | Nuveen AMT-Free Municipal Credit Income Fund                 | CUSIP: 67071L825<br>LEI: 549300LBMO1C0IG71T03 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3750000.00   | 0.38%             | 2029-03-01      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ                                                               | NEWARK NJ                                                    | CUSIP: 650367TD7<br>LEI: 5493008RBPM01QHRYX34 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1511544.90   | 0.15%             | 2026-05-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                               | MISSION TX ECON DEV CORP SOL WST DISP REVENUE                | CUSIP: 605155BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3999546.40   | 0.40%             | 2048-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Park City KS                                                            | PARK CITY KS                                                 | CUSIP: 700222F98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5105000 | PA      | $5106802.58   | 0.52%             | 2027-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QZZ6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.51%             | 2052-05-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Kilgore Independent School District                                             | KILGORE TX INDEP SCH DIST                                    | CUSIP: 494053MA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2523209.00   | 0.26%             | 2052-02-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                            | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FDL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $405570.52    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntingdon County General Authority                                             | HUNTINGDON CNTY PA GEN AUTH REVENUE                          | CUSIP: 44586SBL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $435329.94    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CA PUBLIC PWR AUTH REVENUE                             | CUSIP: 84247PNA5<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523937.80    | 0.05%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Port Arthur Navigation District                                         | PORT OF PORT ARTHUR TX NAV DIST                              | CUSIP: 735220AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.81%             | 2040-04-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Northampton County General Purpose Authority                                    | NORTHAMPTON CNTY PA GEN PURPOSE AUTH REVENUE                 | CUSIP: 663507DJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.51%             | 2039-11-15      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| South Sangamon Water Commission                                                 | S SANGAMON IL WTR COMMISSION                                 | CUSIP: 840120BW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500907.45    | 0.05%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| McClain County Independent School District No 1 Newcastle                       | MCCLAIN CNTY OK INDEP SCH DIST #1 NEWCASTLE                  | CUSIP: 579476DA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2067505.87   | 0.21%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5097076.50   | 0.52%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garfield County Educational Facilities Authority                                | GARFIELD CNTY OK EDUCTNL FACS AUTH                           | CUSIP: 365716AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1813761.62   | 0.18%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rappahannock Regional Jail Authority                                            | RAPPAHANNOCK VA REGL JAIL AUTH REGL FAC REVENUE              | CUSIP: 75381NCS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1376851.58   | 0.14%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $2027282.73   | 0.20%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntingdon County General Authority                                             | HUNTINGDON CNTY PA GEN AUTH REVENUE                          | CUSIP: 44586SBK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $355000.00    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jeffersonville IN                                                       | JEFFERSONVILLE IN ECON DEV REVENUE                           | CUSIP: 475638BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1080000.00   | 0.11%             | 2027-12-01      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| City of Ithaca NY                                                               | ITHACA CITY NY                                               | CUSIP: 465650U72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008690.70   | 0.30%             | 2026-02-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Highlands County Health Facilities Authority                                    | HIGHLANDS CNTY FL HLTH FACS AUTH                             | CUSIP: 431022KF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7210000 | PA      | $7210000.00   | 0.73%             | 2033-11-15      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1783717.16   | 0.18%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                          | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972E4M8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6006890.40   | 0.61%             | 2063-05-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Chattanooga Health Educational & Housing Facility Board                         | CHATTANOOGA TN HLTH EDUCTNL &HSG FAC BRD MF HSG REVENUE      | CUSIP: 162404DT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027598.60   | 0.21%             | 2048-06-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EEU8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1580745.00   | 0.16%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                     | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE                | CUSIP: 64461XJX4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011666.20   | 0.20%             | 2040-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261A5R4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7174615.00   | 0.73%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                            | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562TS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058555.60   | 0.11%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sublette County Hospital District                                               | SUBLETTE CO WY HOSP DIST REVENUE                             | CUSIP: 86428TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000493.60   | 0.20%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas County Development Authority                                              | TEXAS CNTY OK DEV AUTH EDUCATIONAL FACS LEASE REVENUE        | CUSIP: 88236QAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $960881.40    | 0.10%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FGS8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.15%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Appleton Redevelopment Authority                                                | APPLETON WI REDEV AUTH REDEV REVENUE                         | CUSIP: 038127AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11300000 | PA      | $11300000.00  | 1.14%             | 2036-06-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                          | NEW YORK ST ENERGY RESEARCH & DEV AUTH POLL CONTROL REVENUE  | CUSIP: 649845FA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1350000.00   | 0.14%             | 2028-10-01      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                     | MIAMI-DADE CNTY FL HSG FIN AUTH MF HSG REVENUE               | CUSIP: 593344CD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2695894.38   | 0.27%             | 2029-09-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                 | LOUISIANA ST GAS & FUELS TAX REVENUE                         | CUSIP: 546475VU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4805000 | PA      | $4793691.43   | 0.48%             | 2043-05-01      | Floating      | 3.41%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI CTFS                                      | CUSIP: 74448XBL5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2665000.00   | 0.27%             | 2055-12-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Rural Water Financing Agency                                                    | RURAL WTR FING AGY KY PUBLIC PROJS REVENUE                   | CUSIP: 781741CW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6999960.10   | 0.71%             | 2027-05-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| City of Mount Vernon NY                                                         | MOUNT VERNON NY                                              | CUSIP: 623589QK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4027531.20   | 0.41%             | 2026-05-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lincoln County Independent School District No 103 Prague                        | LINCOLN CNTY OK INDEP SCH DIST #103 PRAGUE                   | CUSIP: 533390CK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1013207.63   | 0.10%             | 2026-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                            | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FEJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $659052.10    | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1581911.10   | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882723ZS1<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001121.70   | 0.30%             | 2028-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Highlands County Health Facilities Authority                                    | HIGHLANDS CNTY FL HLTH FACS AUTH                             | CUSIP: 431022TQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 1.01%             | 2034-11-15      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Oklahoma Housing Finance Agency                                                 | OKLAHOMA HSG FIN AGY COLLATERALIZED REVENUE BONDS            | CUSIP: 67886UAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5026572.00   | 0.51%             | 2027-12-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| Oklahoma Industries Authority                                                   | OKLAHOMA ST INDUSTRIES AUTH EDL FACS LEASE REVENUE           | CUSIP: 67910FAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1061696.37   | 0.11%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTHCARE REVENUE        | CUSIP: 83704HAB3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    275000 | PA      | $286860.89    | 0.03%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JCG9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    675000 | PA      | $694386.07    | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS                                                            | MANHATTAN KS                                                 | CUSIP: 562895WZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2384142.63   | 0.24%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                                     | UNIV HOSPS & CLINICS AUTH WI                                 | CUSIP: 915260FV0<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.10%             | 2054-04-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                            | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632GW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.02%             | 2028-11-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Escambia County Health Facilities Authority                                     | ESCAMBIA CNTY FL HLTH FACS AUTH                              | CUSIP: 296110FA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2950000.00   | 0.30%             | 2029-11-15      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Coconino County Pollution Control Corp                                          | COCONINO CNTY AZ POLL CONTROLCORP                            | CUSIP: 191855BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3010723.80   | 0.30%             | 2032-09-01      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349GB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016497.50   | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                            | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562TR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1252457.52   | 0.13%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE     | CUSIP: 130536RC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3749796.00   | 0.38%             | 2042-11-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Kent Hospital Finance Authority                                                 | KENT MI HOSP FIN AUTH REVENUE                                | CUSIP: 490580EG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1935000.00   | 0.20%             | 2047-01-15      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                              | WISCONSIN ST HSG & ECON DEV AUTH MF HSG                      | CUSIP: 97689RFC3<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1126508.35   | 0.11%             | 2027-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                       | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                   | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3062614.80   | 0.31%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE               | CUSIP: 09182NCC2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3528345.10   | 0.36%             | 2052-07-01      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035P6C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5330000 | PA      | $5330000.00   | 0.54%             | 2050-06-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                                  | ALLSPRING GOVERNMENT MONEY MAR                               | CUSIP: 000000000<br>LEI: 549300GFSYYLVYEWA041 | Long             | STIV             | RF                | US        |   1227303 | NS      | $1227302.64   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Harvey County Unified School District 440 Halstead-Bentley                      | HARVEY CNTY KS UNIF SCH DIST #440 HALSTEAD                   | CUSIP: 417632DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $285705.08    | 0.03%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Economic Development Authority                                   | FAIRFAX CNTY VA ECON DEV AUTH REVENUE                        | CUSIP: 30382EDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7455000 | PA      | $7455000.00   | 0.75%             | 2033-12-01      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| West Jefferson Industrial Development Board                                     | W JEFFERSON AL INDL DEV BRD SOL WST DISP REVENUE             | CUSIP: 95345PAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.20%             | 2063-08-01      | Floating      | 3.32%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035HA55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.10%             | 2054-08-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Central Weld County Water District                                              | CENTRL WELD CNTY CO WTR DIST REVENUE                         | CUSIP: 156024BK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $522010.22    | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                       | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                  | CUSIP: 121342QP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4065686.00   | 0.41%             | 2048-11-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371515W5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505292.75   | 0.15%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Clayton WI                                                              | CLAYTON TOWN WIS                                             | CUSIP: 184423BY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989624.70    | 0.10%             | 2026-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035GFB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2220000.00   | 0.22%             | 2045-10-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Akron City School District                                                      | AKRON OH CITY SCH DIST                                       | CUSIP: 010050BV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3534972.00   | 0.36%             | 2026-08-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                          | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WZ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005586.80   | 0.20%             | 2029-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                     | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6036565.80   | 0.61%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Science and Technology Park Metropolitan District No 1                 | COLORADO SCIENCE AND TECH PARK MET DIST NO 1                 | CUSIP: 19658CAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540726.75    | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lebanon Middle School Building Corp                                             | LEBANON IN MIDDLE SCH BLDG CORP                              | CUSIP: 522521NC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1207126.08   | 0.12%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Bradford Progress Authority                                             | CENTRL BRADFORD PROGRESS AUTHPA                              | CUSIP: 152691BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7075000 | PA      | $7075000.00   | 0.72%             | 2041-12-01      | Floating      | 3.53%                 | No            |                  2 | On Loan: No      |
| Nuveen California AMT-Free Quality Municipal Income Fund                        | Nuveen California AMT-Free Quality Municipal Income Fund     | CUSIP: 670651868<br>LEI: 5493005SR7RRUAG9VK19 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.22%             | 2047-10-01      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    550000 | PA      | $549749.59    | 0.06%             | 2051-07-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                            | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TSS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12000000.00  | 1.21%             | 2061-11-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Albany Industrial Development Agency                                            | ALBANY NY INDL DEV AGY                                       | CUSIP: 012440FQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1640000.00   | 0.17%             | 2032-07-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| University of North Texas System                                                | UNIV OF N TEXAS UNIV REVENUE                                 | CUSIP: 914729XB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2734943.94   | 0.28%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia KY                                                             | COLUMBIA KY EDUCTNL DEV REVENUE                              | CUSIP: 197763EP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $484513.50    | 0.05%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TEF0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5252219.00   | 0.53%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Water System Revenue                                     | NEW ORLEANS LA WTR REVENUE                                   | CUSIP: 647753KP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $836430.61    | 0.08%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Fe NM                                                           | SANTA FE CNTY NM MF REVENUE                                  | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3017109.00   | 0.31%             | 2049-12-10      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035JNX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5186726 | PA      | $5186726.00   | 0.52%             | 2048-09-01      | Floating      | 3.01%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                               | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UKB8<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2204971.63   | 0.22%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                      | PIMA CNTY AZ INDL DEV AUTH MF REVENUE                        | CUSIP: 721779LM6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3978728.00   | 0.40%             | 2059-10-01      | Floating      | 2.71%                 | No            |                  2 | On Loan: No      |
| Midland County Hospital District                                                | MIDLAND CNTY TX HOSP DIST                                    | CUSIP: 597503DQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $726333.09    | 0.07%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HDT6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    300000 | PA      | $305692.26    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                | SAINT JOHN THE BAPTIST PARISH LA REVENUE                     | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025410.80   | 0.20%             | 2037-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                             | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $629948.59    | 0.06%             | 2046-01-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FHM0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1989710.00   | 0.20%             | 2042-05-01      | Floating      | 3.59%                 | No            |                  2 | On Loan: No      |
| Industrial Development Board of the City of Mobile Alabama                      | MOBILE AL INDL DEV BRD POLL CONTROL REVENUE                  | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002925.80   | 0.20%             | 2034-07-15      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035PHF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 1.01%             | 2026-05-01      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH MF HSG REVENUE                   | CUSIP: 64719HEP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001431.80   | 0.20%             | 2042-02-01      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| City of Valley Center KS                                                        | VLY CENTER KS                                                | CUSIP: 919443XF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3855000 | PA      | $3856918.63   | 0.39%             | 2025-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Louisa Industrial Development Authority                                         | LOUISA VA INDL DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 546068AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5045434.00   | 0.51%             | 2035-11-01      | Floating      | 3.13%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ADL8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050897.60   | 0.21%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Hotel Occupancy Tax Revenue                                   | DALLAS TX HOTEL OCCUPANCY TAX REVENUE                        | CUSIP: 235286AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021509.40   | 0.20%             | 2027-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST ALGAS PREPAY REVENUE              | CUSIP: 09182RAR2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2508349.50   | 0.25%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| THF Public Facility Corp                                                        | THF PUBLIC FAC CORP MF HSG REVENUE                           | CUSIP: 883720AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2524579.75   | 0.26%             | 2044-02-01      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SOL WST DISP REVENUE    | CUSIP: 83704DAP1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3253186.63   | 0.33%             | 2027-12-15      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                     | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DCV2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001173.80   | 0.10%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CFK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7943162.25   | 0.80%             | 2050-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                            | MILWAUKEE WI                                                 | CUSIP: 602366W36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $742508.45    | 0.08%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTHCARE REVENUE        | CUSIP: 83704HAC1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $263404.48    | 0.03%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCW5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1688925.92   | 0.17%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                             | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JNP4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3787166.60   | 0.38%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                             | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DEP7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    670000 | PA      | $671202.99    | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                         | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH REVENUE            | CUSIP: 57586CZW8<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2520000.00   | 0.25%             | 2042-07-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FXM2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    575000 | PA      | $608451.43    | 0.06%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                    | GAINESVILLE & HALL CNTY GA HOSP AUTH                         | CUSIP: 362762PW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $705477.50    | 0.07%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus County Housing Authority                                               | COLUMBUS GA HSG AUTH                                         | CUSIP: 199123CM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2267998.65   | 0.23%             | 2028-11-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DEF7<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505962.40    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                           | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RR79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5069568.00   | 0.51%             | 2050-06-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397CG7<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    275000 | PA      | $288525.44    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rib Floater Trust Various States                                                | RIB FLOATER TRUST                                            | CUSIP: 76252PUP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.51%             | 2049-11-15      | Floating      | 3.24%                 | No            |                  2 | On Loan: No      |
| Parlier Unified School District                                                 | PARLIER CA UNIF SCH DIST                                     | CUSIP: 701638LQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035325.40   | 0.21%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Department of Budget & Finance                                  | HAWAII ST DEPT OF BUDGET & FIN SPL PURPOSE REVENUE           | CUSIP: 419800LW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2972564.10   | 0.30%             | 2026-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| City of Springdale AR Sales & Use Tax Revenue                                   | SPRINGDALE AR SALES & USE REVENUE                            | CUSIP: 850269FN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104515.52    | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Registration Fee Revenue                       | PENNSYLVANIA ST TURNPIKE COMMISSION REGISTRATION FEE REVENUE | CUSIP: 709222DS9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4993055.00   | 0.50%             | 2041-07-15      | Floating      | 3.74%                 | No            |                  2 | On Loan: No      |
| Jackson Health Educational & Housing Facility Board                             | JACKSON TN HLTH EDUCTNL & HSG FAC BRD MF REVENUE             | CUSIP: 468741BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1579394.82   | 0.16%             | 2045-04-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| FW Chaparral PFC                                                                | FW CHAPARRAL PFC TX RSDL DEV REVENUE                         | CUSIP: 302701AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1983687.20   | 0.20%             | 2030-10-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST HOSP REVENUE                                         | CUSIP: 67756CCB2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1005000.00   | 0.10%             | 2033-01-15      | Floating      | 3.42%                 | No            |                  2 | On Loan: No      |
| Port of Port Arthur Navigation District                                         | PORT OF PORT ARTHUR TX NAV DIST                              | CUSIP: 735220AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15000000.00  | 1.52%             | 2040-11-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Rockport IN                                                             | ROCKPORT IN POLL CONTROL REVENUE                             | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4105351.20   | 0.42%             | 2047-06-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Bristol Warren Regional School District                                         | BRISTOL WARREN RI REGL SCH DIST                              | CUSIP: 110377DP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5072213.50   | 0.51%             | 2026-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                               | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY          | CUSIP: 647207BG3<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |    850000 | PA      | $902860.06    | 0.09%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                        | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080VS7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    850000 | PA      | $852682.52    | 0.09%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville FL Utilities System Revenue                                 | GAINESVILLE FL UTILITIES SYS REVENUE                         | CUSIP: 362848RR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5990000 | PA      | $5990000.00   | 0.61%             | 2042-10-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| OHIO HIGHER EDUCATIONAL                                                         | Ohio Higher Educational Facility Commission                  | CUSIP: 67756FGB1<br>LEI: 5493007MQT6NGNN6BR81 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1000069.50   | 0.10%             | 2025-10-28      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Westfield-Washington Multi-School Building Corp                                 | WESTFIELD-WASHINGTON IN MULTI-SCH BLDG CORP                  | CUSIP: 96023PPN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1137529.41   | 0.12%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GFV0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3999501.60   | 0.40%             | 2048-02-01      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                          | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                     | CUSIP: 67884XCU9<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   4255000 | PA      | $4255000.00   | 0.43%             | 2031-08-15      | Floating      | 3.53%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035MKL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1875000.00   | 0.19%             | 2032-09-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423487W2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3331246.43   | 0.34%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QPE3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3945000 | PA      | $3998259.87   | 0.40%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                      | CUSIP: 04062PCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1112549.68   | 0.11%             | 2045-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of North Olmsted OH                                                        | NORTH OLMSTED OH                                             | CUSIP: 661292ZF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2517666.75   | 0.25%             | 2026-06-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                               | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE             | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3653819.75   | 0.37%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416UTZ8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1968061.47   | 0.20%             | 2026-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                     | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DYC0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2782785.92   | 0.28%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cortland NY                                                             | CORTLAND NY                                                  | CUSIP: 220633VK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4010319.20   | 0.41%             | 2026-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Borough of Dunmore PA                                                           | DUNMORE PA                                                   | CUSIP: 265741DL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $167719.30    | 0.02%             | 2026-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Rural Water Finance Authority Inc                                     | MINNESOTA ST RURAL WTR FIN AUTH                              | CUSIP: 60411PBE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002553.40   | 0.20%             | 2026-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Northern Municipal Power Agency                                                 | NTHRN MN MUNI PWR AGY ELEC SYS REVENUE                       | CUSIP: 665444LU7<br>LEI: 254900QIGSDY3UDQ9778 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1135942.78   | 0.11%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                                | PORT HOUSTON TX AUTH                                         | CUSIP: 734262GA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $950000.00    | 0.10%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boston Housing Authority/MA                                                     | BOSTON MA HSG AUTH CAPITAL PROGRAM REVENUE                   | CUSIP: 100868BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $380000.00    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fort Bend TX Toll Road Revenue                                        | FORT BEND CNTY TX TOLL ROAD REVENUE                          | CUSIP: 346817DZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516817.15    | 0.05%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                               | MISSION TX ECON DEV CORP SOL WST DISP REVENUE                | CUSIP: 605155BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499213.25   | 0.25%             | 2046-05-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Isle Wight County Industrial Development Authority                              | ISLE OF WIGHT CNTY VA ECON DEV AUTH                          | CUSIP: 464637AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507949.30    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of McCook NE                                                               | MCCOOK NE                                                    | CUSIP: 579729EW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2539135.00   | 0.26%             | 2027-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                     | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DXK3<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3005370.30   | 0.30%             | 2049-07-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Delaware County Authority                                                       | DELAWARE CNTY PA AUTH                                        | CUSIP: 246008PM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $525000.00    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                                     | UNIV HOSPS & CLINICS AUTH WI                                 | CUSIP: 915260FA6<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |    850000 | PA      | $919811.69    | 0.09%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kiester MN                                                              | KIESTER MN                                                   | CUSIP: 493862BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006583.70   | 0.10%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Plymouth MN                                                             | PLYMOUTH MN MF HSG DEV REVENUE                               | CUSIP: 729785DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $950000.00    | 0.10%             | 2031-09-15      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| Village of Johnson Creek WI                                                     | JOHNSON CREEK WI                                             | CUSIP: 479070JS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006696.60   | 0.20%             | 2030-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13033L3X3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    600000 | PA      | $601142.22    | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                         | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806X96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $281204.31    | 0.03%             | 2026-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EMT7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5462056.50   | 0.55%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                     | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104QS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1269466.66   | 0.13%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                         | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD MF HSG REVENUE       | CUSIP: 499652AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011200.20   | 0.30%             | 2029-09-01      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| City of West Memphis AR Sales & Use Tax Revenue                                 | WEST MEMPHIS AR SALES & USE TAX REVENUE                      | CUSIP: 954354AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1501917.53   | 0.15%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                    | FLORIDA ST HSG FIN CORP MF MTGE REVENUE                      | CUSIP: 34074HHM7<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1990617.60   | 0.20%             | 2043-10-01      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FVT9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    325000 | PA      | $329735.64    | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health Educational and Housing Facility Board of the City of Memphis/the        | MEMPHIS TN HLTH EDUCTNL & HSG FAC BRD MF HSG REVENUE         | CUSIP: 586169GK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4023284.80   | 0.41%             | 2029-11-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FGF6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pawtucket RI                                                            | PAWTUCKET RI                                                 | CUSIP: 7041654L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001032.60   | 0.20%             | 2025-10-24      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5665000 | PA      | $5685848.33   | 0.57%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                             | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 7352404K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $685378.13    | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                     | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DUX8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1698715.82   | 0.17%             | 2048-07-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Midland County Hospital District                                                | MIDLAND CNTY TX HOSP DIST                                    | CUSIP: 597503DP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $709603.02    | 0.07%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Topeka KS                                                               | TOPEKA KS                                                    | CUSIP: 890569BS4<br>LEI: 549300NFEU1XBKVICM54 | Long             | DBT              | MUN               | US        |   4680000 | PA      | $4687189.88   | 0.47%             | 2026-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035MN50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.10%             | 2053-11-15      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                            | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE    | CUSIP: 606092PX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3753584.05   | 0.38%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                             | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883QH8<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2058860.32   | 0.21%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alaska International Airports System                                   | ALASKA ST INTERNATIONAL ARPTS REVENUES                       | CUSIP: 011842US8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2197708.73   | 0.22%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                 | CHESTER CNTY PA INDL DEV AUTH                                | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2276362.80   | 0.23%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                           | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RK92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2491404.09   | 0.25%             | 2054-08-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Cook County Community High School District No 212 Leyden                        | COOK CNTY IL HIGH SCH DIST #212 LEYDEN CMNTY                 | CUSIP: 215615EQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1650581.81   | 0.17%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                             | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JGW7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2284940.48   | 0.23%             | 2054-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                | SAINT JOHN THE BAPTIST PARISH LA REVENUE                     | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008684.10   | 0.10%             | 2037-06-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                       | VERNON CA ELEC SYS REVENUE                                   | CUSIP: 924397EH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $635000.00    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                             | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3240000 | PA      | $3216812.62   | 0.33%             | 2046-01-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota              | SAINT PAUL MN HSG & REDEV AUTH HLTH CARE REVENUE             | CUSIP: 792909FA6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1139368.34   | 0.12%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                          | VIRGINIA HSG DEV AUTH                                        | CUSIP: 92812XFJ6<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1310227.15   | 0.13%             | 2055-07-01      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| Westfield-Washington Multi-School Building Corp                                 | WESTFIELD-WASHINGTON IN MULTI-SCH BLDG CORP                  | CUSIP: 96023PPP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1127528.22   | 0.11%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCV7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1314194.22   | 0.13%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alabama Special Care Facilities Financing Authority-Birmingham AL               | BIRMINGHAM AL SPL CARE FACS FING AUTH HLTH CARE FAC          | CUSIP: 090929GE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2503181.75   | 0.25%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Clayton WI Water & Sewer System Revenue                                 | CLAYTON TOWN WI WTR SYS & SWR SYS REVENUE                    | CUSIP: 184428AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1482807.15   | 0.15%             | 2026-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                                     | UNIV HOSPS & CLINICS AUTH WI                                 | CUSIP: 915260EY5<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |    850000 | PA      | $881137.37    | 0.09%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS                     | CUSIP: 88035DBM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7500000.00   | 0.76%             | 2052-05-01      | Floating      | 3.03%                 | No            |                  2 | On Loan: No      |
| Tohopekaliga Water Authority                                                    | TOHOPEKALIGA FL WTR AUTH UTILITY SYS REVENUE                 | CUSIP: 88906RFC9<br>LEI: 549300IZ325ZGEHGR946 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.25%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cabot AR Sales & Use Tax Revenue                                        | CABOT AR SALES & USE TAX                                     | CUSIP: 127028EA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $276021.54    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QBF5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.26%             | 2041-10-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                        | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080YF2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2643796.00   | 0.27%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FVP6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 0.31%             | 2062-05-15      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                  | LEE CNTY FL INDL DEV AUTH HOSP REVENUE                       | CUSIP: 52350LAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16100000 | PA      | $16100000.00  | 1.63%             | 2049-04-01      | Floating      | 3.49%                 | No            |                  2 | On Loan: No      |
| Isle Wight County Industrial Development Authority                              | ISLE OF WIGHT CNTY VA ECON DEV AUTH                          | CUSIP: 464637AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $371878.22    | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                             | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $129947.81    | 0.01%             | 2046-01-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                              | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727G83<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    600000 | PA      | $629659.50    | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 0523973C8<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4088893.60   | 0.41%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Isle Wight County Industrial Development Authority                              | ISLE OF WIGHT CNTY VA ECON DEV AUTH                          | CUSIP: 464637AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519925.35    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                    | FLORIDA ST HSG FIN CORP                                      | CUSIP: 34073JVE6<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3514793.45   | 0.36%             | 2042-06-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647MM0<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2355000 | PA      | $2541677.55   | 0.26%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | IOWA ST FIN AUTH SOL WST FACS REVENUE                        | CUSIP: 46246YAB8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1442463.01   | 0.15%             | 2042-01-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035RGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.61%             | 2040-10-01      | Floating      | 3.04%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                        | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009TH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3286053.60   | 0.33%             | 2050-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Interlocal School Transportation Association                           | KENTUCKY ST INTERLOCAL SCH TRANSPRTN ASSN EQUIPMENT LEASE RE | CUSIP: 491325NU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $723843.17    | 0.07%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                              | DENTON TX INDEP SCH DIST                                     | CUSIP: 249002NM4<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4159410.40   | 0.42%             | 2055-08-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City Of South Miami Health Facilities Authority Inc                             | S MIAMI FL HLTH FACS AUTH                                    | CUSIP: 838810EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3296889.30   | 0.33%             | 2065-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma/The                                                      | UNIV OK REVENUES                                             | CUSIP: 91476PYY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $729730.33    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC | CUSIP: 74527EFB9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1953602.89   | 0.20%             | 2030-11-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035HAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2755000.00   | 0.28%             | 2054-04-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                         | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603ZL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1550000.00   | 0.16%             | 2050-09-01      | Floating      | 3.69%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                             | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3040363.20   | 0.31%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westfield Redevelopment Authority                                               | WESTFIELD IN REDEV AUTH                                      | CUSIP: 96009CAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $549661.41    | 0.06%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Strongsville OH                                                         | STRONGSVILLE OH                                              | CUSIP: 863370WZ1<br>LEI: 549300LHSNZ8QAGXUZ59 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1855199.24   | 0.19%             | 2025-12-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397CH5<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    860000 | PA      | $914620.23    | 0.09%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | MISSOURI ST HLTH & EDUCTNL FACS AUTH                         | CUSIP: 60635H3R8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    475000 | PA      | $476953.82    | 0.05%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fort Bend TX Toll Road Revenue                                        | FORT BEND CNTY TX TOLL ROAD REVENUE                          | CUSIP: 346817EB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $431937.00    | 0.04%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND                                   | Nuveen AMT-Free Quality Municipal Income Fund                | CUSIP: 670657857<br>LEI: 549300OTYQOOXS64NI63 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.51%             | 2026-09-11      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| Lee County Housing Finance Authority                                            | LEE CNTY FL HSG FIN AUTH MF HSG REVENUE                      | CUSIP: 52349HBK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008885.80   | 0.20%             | 2029-10-01      | Floating      | 3.13%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                              | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727G67<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502391.20    | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ithaca NY                                                               | ITHACA CITY NY                                               | CUSIP: 465650U80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1715078.32   | 0.17%             | 2026-07-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Springdale AR Sales & Use Tax Revenue                                   | SPRINGDALE AR SALES & USE REVENUE                            | CUSIP: 850269FM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127443.94    | 0.01%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                       | VERNON CA ELEC SYS REVENUE                                   | CUSIP: 924397EJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $424283.24    | 0.04%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer